There's been a strange situation at the FIPB (Foreign Investment Promotion Board). In the recent meeting in April, they approved a few FDI proposals (where approval is required). But many seemingly okay proposals have been rejected or deferred. Sharekhan - a leading brokerage in India - has been on the block and
RBI has released a report on Indian Residential Real Estate Prices. They use bank loan data to get an idea about housing prices. Since Banks appraise houses before giving loans on them, the RBI believes that "Banks and housing finance companies are comparatively practicable and reliable sources of property/house price data, due to their
There's some serious damage in the bond market in the last few days. We posted (in Premium) that Banks are likely to lose 10,000 cr. on just the extra exposure they have to government bonds. And look at how much bond yields have risen:
G. Padmanathan, ED at RBI, spoke about the concept of Rupee convertibility recently. He mentioned a lot of things against making the rupee "capital account convertible". A concept that typically means foreigners can buy Indian assets and Indians can buy foreign assets without any control. He talks about the upsides - that everyone else is
At Capital Mind we often do off-beat analysis of the markets. One of the things we do often, perhaps not often enough, is the concept of inflation adjusted returns. If you invested in the Nifty and it went up 10%, but inflation was 10% too, what would your "real return" be? Answer: zero. You
We think markets are volatile as the Nifty has fallen 10% from the all time high. But in the historical context, we are just starting to get there. Here's how many 2%+ days we have had, from when the Nifty started:
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Have him in circles
Entrepreneur, Investor, Author, Financial Analyst
Co Founder, present
Founder at Capital Mind (capitalmind.in) and MarketVision (marketvision.in) where I write about Money and Markets and Use Fancy Charts.