On 05th October, Moody’s raised India’s sovereign rating outlook from “Negative” to “Stable”. However, the sovereign rating for India’s local and foreign currency debt was maintained at Baa3. It may be recollected that at the peak of th

Sugar stocks may have been sharply up on 04-Oct, but if you look at sugar stocks from a slightly longer term perspective of 1 year, the outperformance is really visible. Company CMP (05-Oct) 5

In the biggest inorganic renewable energy deal in the Indian markets, Adani Green Energy bought SB Energy Holdings for a consideration of $3.50 billion or Rs.26,000 crore. It was an all-cash deal and marks the biggest inorganic investment of Adani Gr

In a move that was being demanded by the banks for some time, RBI has superseded the boards of SREI Infra and SREI Equipment Finance. RBI has appointed Rajneesh Kumar, the former CGM of Bank of Baroda, as the administrator for the two companies. The

It was a tale of two stories for the auto sector sales in the month of September. Despite the upcoming festive season, the chip shortage has hit the sales numbers of most of the large passenger car companies. Smaller passenger car companies were bett

A little over a week after SEBI approved the setting up of the gold exchange and trading in electronic gold receipts (EGRs), the BSE appears to be all set to go. According to a statement given by the BSE, the exchange was technologically ready to lau

India has traditionally struggled to produce enough coal to meet demand. However, the crisis of coal has never been this bad. According to reports coming in from the thermal power plants in India, coal stocks are critically low. This is all the more

On 01st October, the NCLT passed an order urging Zee Entertainment to call an extraordinary general meeting (EGM) of shareholders as demanded by Invesco Fund and OFI Global China. These 2 funds hold 17.88% stake in Zee Entertainment and are the singl

Even as the Evergrande crisis has become the highlight of all that is wrong with the China model, the country is facing another crisis at a macro level. That is the rampant power shortage in China. It is not just China, but even the UK and the

In an unprecedented hike, the Union government increased the price of natural gas by 62% from $1.79 per MMBtu to $2.90 per MMBtu (million British Thermal Units). This is the sharpest hike in natural gas prices in a subsequent 6 month period. Indian g

In a move that is significant, and also surprising, Maruti Suzuki has decided to cut its production of passenger cars by 40% for the month of October. This decision has been triggered by the tremendous shortage of microchips in the global market. Mic

In its preliminary hearing on 30th September, the National Company Law Tribunal (NCLT) has instructed Zee Entertainment board to consider the EGM requisition put forth by Invesco Fund. Incidentally, Invesco Fund holds 17.88% stake in Zee Entertainmen