India’s Strategic Petroleum Reserves

The cabinet approval to begin filling of the third strategic petroleum reserves is an important milestone in building the petroleum inventory within the country.  The inventory buildup carries huge significance, especially for oil importing countries like India, as it would help meet supply needs in case of any disruption. Here is a look at the … Continue reading India’s Strategic Petroleum Reserves
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Corporate Analysis – Hindalco Industries

Hindalco Industries registered consolidated revenue of Rs 1.16 lakh crore in FY18, almost the same as L&T and Tata Steel. However, company doesn’t have as much visibility as the other two, partially due to lower profitability of the business. Its net profit for the year was about Rs 6,000 crore against as high as Rs 18,000 crore for Tata Steel and Rs 7,400 for L&T. Still, the company has a strong business model and offers significant strategic insights. Here is a look at its businesses, strategy and financials. Continue reading Corporate Analysis – Hindalco Industries

Status of Global Economy, Ten Years on – IMF Report

As per the Global Financial Stability Report released by IMF (International Monetary Fund) last month, global economy continues to maintain growth momentum. This has been aided by stronger banks, substantial improvement in regulatory standards and curtailment in the activities of so called shadow banks. However, there could be a reversal in trend as reflected in … Continue reading Status of Global Economy, Ten Years on – IMF Report
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Indian Judicial System – Status & Reforms for “Contracts Enforcement”

While India has improved its performance substantially in the ease of doing business over last two years, its performance in “Contracts enforcement” is still quite concerning. As per the report, average time taken for resolution of a legal dispute is more than 4 years. This also involves expenses of almost 30% of amount under dispute, … Continue reading Indian Judicial System – Status & Reforms for “Contracts Enforcement”
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Corporate Analysis – Larsen & Toubro

Larsen & Toubro (L&T) is among the largest company in the country with consolidated revenue of Rs 1.2 lakh crore in FY18. It is also among those few companies which are professionally managed and not owned by a promoter/ promoter group. Company’s revenues have grown at over 12% CAGR over last ten years, not a … Continue reading Corporate Analysis – Larsen & Toubro
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Ease of Doing Business – The Great Indian Leap..!

Reports from two global institutions recently give greater credibility to the government’s effort to simplify business process. One from the World Bank showing sharp improvement in ease of doing business rank from 100 to 77 and second, jump in World Economic Forum‘s competitiveness index to 58th, up five places. More importantly, World Bank report is … Continue reading Ease of Doing Business – The Great Indian Leap..!
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Is the Government Impinging on RBI’s Autonomy??

Comments by RBI deputy governor, Viral Acharya, accusing the central government of impinging on the autonomy of central bank has caused huge ripples across the markets. The impact of his comments has been even greater as the market is already grappling with a liquidity freeze. However, the key point is, is government really interfering in … Continue reading Is the Government Impinging on RBI’s Autonomy??
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Analyzing Government Debt – Current and Historical perspective

Amidst the continuing liquidity crisis, NBFCs mismanagement and banks’ NPA woes, there is one trend that gives some reason to cheer. Total liabilities of the central government have come down to just about 50% of GDP at the end of FY18 as per RBII data. This is a substantial improvement from a high of 67% … Continue reading Analyzing Government Debt – Current and Historical perspective
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Analyzing Corporate Bond Market

Evolution of corporate bond market in recent years is a defining development for the financial sector. This has resulted in sharp rise in outstanding corporate bonds which has gone up from just about Rs 50,000 crore in 2008 to over Rs 27 lakh crore by 2018. The development does not only provide cheaper financing to … Continue reading Analyzing Corporate Bond Market
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Inland Waterways – Tapping the potential..

The laying of foundation stone for development of another inland waterway earlier this month brought little focus on the inland waterways transportation system. With nearly 14,500 km of waterways, roughly 5 times the length from North to South, these waterways can change the landscape of goods transportation within the country. In fact, the ease of transportation and huge benefits arising out of it leaves one wondering why they have not been developed so far?? Continue reading Inland Waterways – Tapping the potential..