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Month: May 2013

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Q4 2013 GDP Growth at 4.78%, and I was SPOT ON about the Data Fudge Last Year

In a disappointing note, MOSPI tells us that the Q4 GDP growth estimate is 4.78%, one of the lowest we have seen in the last decade. Even in the depths of the ...

Chart: The Rupee Goes Beyond Rs. 56 a Dollar

The USD-INR spot rate has just crossed a barrier – Rs. 56 to a dollar. This is the highest the dollar has been since July 2012 and just Rs. 1 short of the ...

India 3rd Largest Economy, HDIL, Tata Motors, Spain’s Record Deficit

India is probably the world’s third largest economy, says the OECD. While this sounds good, it’s probably because in dollar terms the Japanese economy has ...

The Fear of Buying Into Highs

In the recent market run up, I’ve bought a few stocks that looked very much like they were “peaking”. I want to throw a few charts at you and ask you if ...

India’s Quantitative Easing: 16% per year since 1997

We’ve all heard about “Quantitative Easing” in the west. The US is printing $85 billion a month to buy government bonds, mortgage backed securities and ...

The Can of Worms at Ranbaxy

Fortune magazine has a long and detailed story about Ranbaxy and the reason for its $500 million settlement with the FDA. But in Gurgaon, as Thakur’s ...

JustDial IPO Fully Subscribed, 12x Bids Are In

The JustDial IPO has been fully subscribed with bids for more than 12 times the amount at hand. While institutions bid for more than 10 times their allocation, ...

RBI Clarifies on Inflation Indexed Bonds

RBI held a teleconference for Inflation Indexed Bonds (IIBs) where they clarified a few points. In summary: IIBs will work according to the way I mentioned it ...

SEBI Hits Algo Trading With Penalties And LockOuts

Algorithmic trading has now become the rage, officially. With 18% of trades in April being algorithmically generated, SEBI has now gotten more active in ...

JustDial IPO Update: 70% Taken

The JustDial Bids come in on the second day filling in 70% of all shares. Read my analysis of the issue. Institutions take in nearly 0% of what they’re ...