Risky Business

Most things are going well for most investors. So let’s talk about risk. People are masters at discounting risks that threaten the continuation of their past success. Winning feels good, but winning and then assuming you’ll keep winning indefinitely by doing what you just did is pure heaven and too hard to let go of. Risk hides…

The Indian Knitwear Town Gunning to Displace China in Apparel

Indian clothes maker T.R. Vijaya Kumar thinks it’s time for his country to take on Bangladesh, Vietnam and even China for leadership in the global apparel industry. He’s a second-generation manufacturer, who’s transformed his small family undershirt business in southern India into an apparel exporter of 1,700 employees and aims to double its sales by…

China seizes biggest share of global exports in almost 50 years

Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors – good news for China but an expansion that is aggravating trade tensions. China’s proportion of global exports rose to 13.8 percent last year from 12.3 percent in 2014, data from the United Nations Conference on Trade…

Somebody’s Wrong on Reliance

Shareholders in Reliance Industries haven’t had it this good for a long time. After years of under-performance, the Indian oil refiner’s stock has zoomed 21 percent since the end of September, versus a 6 percent drop in the benchmark Sensex. Chairman Mukesh Ambani’s net worth has swelled to $21.7 billion. And now, its latest quarterly earnings have shown that cheap…

Current account deficit will be checked at $56 billion : Rajan

Reserve Bank of India (RBI) Governor Raghuram Rajan today held a press conference and said that current account deficit for the current fiscal will be checked at $56 billion, which is much lesser last year’s $88 billion. Here are the highlights from the conference: There has been some turmoil in financial markets all over the…

Biggest single-day gain for rupee since January 1998

The rupee posted its biggest single-day gain since mid-January 1998 as the Reserve Bank of India’s (RBI) latest move to shore up the currency by providing dollars to oil firms directly and the relatively aggressive intervention helped. The partially convertible rupee closed at 66.55/56 per dollar, up 3.46 percent on the day, its biggest single-day…