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Month: June 2013

3 / 5

Trade Deficit Explodes to $20 billion in May

India’s trade deficit rose to an alarming $20 billion in May 2013, with imports growing 7% while exports fell 1% year on year. The is the second worst ...

Apollo Buys Out Cooper Tire for $2.5 Billion

Apollo Tyres will buy out US Listed Cooper Tire and Rubber Company (CTB) for $2.5 billion, the biggest Indian takeover of a US firm. This will make Apollo the ...

Petrol Prices Hiked by Rs. 2, Still Below Peak

Petrol Prices were increased by Rs. 2 on Saturday, and they are still way below the peak rates seen last year. Petrol prices are up 65% since 2007, but much ...

Should You Tender Shares in Unilever’s Offer For HUL?

Hindustan Unilever Limited’s owner, the global Unilever, is offering Rs. 600 per share to increase their stake from 52% to 75%. Effectively they are buying ...

WPI Inflation for May 2013 at 4.7%, 43-Month Low

Wholesale Price Index (WPI) based inflation was at the lowest since October 2009, at 4.7%. It was at 4.96% last month. The graph has shown that prices have ...

Quick Post: IIP Numbers Revised to +2.2%

Instead of waiting for a month, MOSPI has decided to revise IIP data twice in the same day. The result: The originally announced 1.95% is now 2.2%. (And a ...

The Right Kind of Pain

This is the archive for an article I wrote for Pragati, April 2013. In a recent online video by Dan Ariely, I heard of his story about pain. He was a patient ...

Don’t Know Your Customer

This is an archive for an article I wrote for Pragati, Feb 2013. Opening a bank account, investing in a mutual fund, opening a brokerage account or buying ...

IIP for Apr 2013 at +1.95%

Note: The IIP numbers have been revised to +2.51% in a corrigendum. The Index of Industrial Production (IIP) comes in at a positive 1.95%, which honestly is ...

CPI Inflation at 9.31% (May 2013)

Consumer Price Index (CPI) based inflation for May 2013 was at 9.31%, marginally lower than the 9.39% in April 2013. As you can see, the wholesale inflation ...