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Posts in category All News
Bank Nifty up 1.5%; Yes Bank top Nifty gainer (16-09-2015)
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Accelya Kale Solutions-Niche & Sticky Business (16-09-2015)
Thanks - your comments help sharpen the thesis. Although the growth looks not too different, the fact is a lot of growth is now led by new airlines in asia, middle east and africa.
I do a job that allowed to meet a couple of regional airlines and all of them said the same thing - there has never been a better time to start an airline because of low crude prices and huge demand in india/china and africa.
In your link, if you read carefully, air traffic in india was up 28.1 %, middle east was up 18.5 % and lat am at 8.5 %. Africa had a decline because of the dependency on oil revenues - but my thesis is as these economies mature and solve the dutch disease, they will become more robust and weather the oil storm.
Already, nigeria is spoken of as a promising economy by godrej which has acquired brands there.
My sense is that the next couple of years, save for a financial storm should see a brisk uptick in launch of new airlines - how many survive is anyone's guess.
It's not the passenger growth that's important, but how much of that is coming from newly formed airlines that's relevant to accelya. As always, I could be wrong here.
Crude oil futures rise to Rs 3,039 per barrel (16-09-2015)
US court rejects plea for attachment of Sahara hotels (16-09-2015)
US court rejects plea for attachment of Sahara hotels (16-09-2015)
Top Indian firms queue up to restructure loans (16-09-2015)
Muthoot Finance: Undervalued quality stock on a turnaround? (16-09-2015)
Gold monetization scheme will have absolutely no impact on Gold loan NBFCs. For obvious reasons - one is a lending product, the other is a deposit product..
Currently, Muthoot Fin and Manappuram stock prices are under downward pressure due to the fear of fall in gold prices, once US Fed raises interest rates.
The belief goes that investors will dump zero-yielding gold and move to income yielding debt instruments when interest rates go up....
Historical data shows that there is no such correlation (interest rate hike leading to gold price fall) - see http://www.commoditytrademantra.com/gold-trading-news/gold-price-correlation-with-federal-funds-rates-since-1971/