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A China PSU About To Default?

The equivalent of a Public Sector Unit (PSU) in India is a State Owned Enterprise (SOE) in China. And one of them, apparently, is about to default. A unit of ...

Veritas Analyst Who Authored Negative Report on IndiaBulls Arrested; Is It Time For Collective Action?

Nitin Mangal, who co-authored the Veritas report on Indiabulls, has been arrested by the Gurgaon police after he surrendered to them. Indiabulls has filed ...

Mallya Is Tagged a Wilful Defaulter, Affects UB Group Companies

Vijay Mallya’s been called a “wilful defaulter” by United Bank of India. This means he intentionally defaulted on loans, and they can say that because he ...

Look, We Have A US Taper!

The US Fed decided on a $10 billion taper today. From buying $85 billion worth securities per month, they will buy only $75 billion worth, including $35 ...

The Iran Nuclear Deal Could Derail Rupee Deal, Hurt Other Trade; Helps Shippers and Refiners

Iran has entered into a deal with the US and other powers, allowing it some leeway on previously imposed sanctions in exchange for curtailing its nuclear ...

Direct Tax Code May Be Deferred, Again

The government may defer the Direct Tax Code by a year, even though Pranab Mukherjee mentioned as recently as Dec 7 that he would bring it in force from April ...

Indian stock markets: A bubble, or time to buy?

Mark Mahorney writes about the BSE bubble. His feeling is: 1. Nothing justifies a massive upmove in the Sensex (200% in three years). 2. American investors ...