Why Panic Gripped Indian Markets On Friday

Volatility gripped India’s equity benchmarks today as shares of Yes Bank Ltd. and mortgage lenders Dewan Housing Finance Ltd. and Indiabulls Housing Finance Ltd. tumbled. It began with a 35 percent slide in Yes Bank in morning trading after its co-founder Rana Kapoor was granted only four months extra as its chief executive officer. The Sensex and Nifty, however,…

Investing is Hard

On June 30th 1997, Amazon.com (AMZN) was trading at a split adjusted $1.50 per share and was valued at $700 million. That day the stock traded 228,900 shares in a range of $1.48 – $1.59. I’m sure someone traded in and out of a great business that day, not knowing that the stock was about to…

India may get thrown out of MSCI Indices

MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and analytics, announced today that it is closely monitoring developments related to the concerted announcement by three Indian stock exchanges, including the two principal exchanges, of the imposition of anti-competitive measures restricting the accessibility of the Indian equity market. MSCI is evaluating the measures’ potential…

India’s Biggest Dairy Is Betting On Eating-Out Boom

More Indians are eating out as a growing economy boosts incomes. That’s what the No. 1 dairy in the world’s biggest milk-producing nation is betting on to extend its dominance. Amul expects its next wave of growth from institutional sales—supplying everything from milk and curds to butter and cheese to hotels, restaurants and caterers. The…

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…

Modi’s Cash Ban Helped This Money Manager Beat 99% of Peers

For India bull Robert Marshall-Lee, stock valuations near the highest level in almost a decade are no deterrence. The London-based money manager, who oversees 2.6 billion pounds ($3.4 billion) for Newton Investment Management, has stepped up allocations for Mumbai-listed equities to 31 percent, compared with their 9 percent weight in the MSCI Emerging Markets Index….

Solar tariff creates history again, touches Rs 3.15/unit in AP Solar Park

In all technical terms, solar tariff touched its historical lowest at the stroke of midnight Tuesday, April 11. During the bidding for the 250 Mw ultra-mega solar power park in Kadappa, Andhra Pradesh, by NTPC, the lowest bid received was Rs 3.15/unit. The winning bid is a levellised tariff for 25 years with no escalation….