The MPC (Monetary Policy Committee) decision to cut rate by 25 basis points in its first ever meeting today, also the first under the new governor Dr Urjit Patel, appears not entirely convincing from inflation control perspective. Yet this would bring cheers to both corporate and retail borrowers and hopefully, the clamour for rate cut would … Continue reading RBI rate cut – Is it justified.??
Corporate India has recorded significant improvement in its financial performance during 2015-16 with profits growth of almost 10% as per an RBI report released last Friday. The report is a comprehensive document covering almost 3,000 listed companies excluding financial sector and accounts for nearly 22% of country’s GDP. It also gives better picture of broad … Continue reading Corporate Performance – RBI Report..
Automobile sector had an impressive show during the quarter with sales growth of 16% and profits of 13% as per data available with BSE. The results have been dragged down by Tata Motors which declared its results yesterday. Profit margin for the sector stood at 8%, significantly better than 6.9% for March’16 quarter and average … Continue reading Results Analysis – Automobile Industry..