The RBI may shift to a new benchmark for interest rate derivatives, the secured overnight rupee rate (SORR). Market participants suggest launching a new trading platform similar to ASTROID. The transition could bring more participants into the market, offering tools like T-bill swaps and basis swaps. The goal is to reduce volatility and improve market confidence.
Bank margins likely to remain under pressure in Q2 amid rising deposit costs, say analysts (13-10-2024)
Bank margins may remain under pressure due to higher deposit costs. Loan growth trends will be monitored, especially in the unsecured retail segment. Analysts expect slower growth and higher credit costs for banks with more exposure to microfinance and unsecured loans. Earnings growth for private and PSU banks may vary between 4.1% and 17.2% year-on-year.
How the markets will fare this week (13-10-2024)
Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.
Vadilal Ice Cream (13-10-2024)
I’ve been comparing Mrs. Bectors’ business with Vadilal Industries. Despite similar sales and PAT figures, Vadilal has better current and historical ROE and ROCE, and a decent balance sheet. However, Vadilal’s P/E ratio is about one-fourth of Bectors’. Could this be due to factors like a lack of updates on Vadilal’s expansion plans (no quarterly updates since 2020), minimal FII/DII presence, or history of conflicts among promoters? Are there other reasons
/red flags for this discrepancy? Your insights would be appreciated.
Disclosure: Interested but doesn’t hold any position currently
Patients, insurers feel the pain as hospitals take to ‘surge pricing’ (13-10-2024)
Hospitals in India introduce additional charges, such as disinfection fees and peak operation theatre charges, leading to a 20% rise in medical costs. Insurers struggle as previously bundled services are unbundled, causing unpredictability in healthcare expenses and potential increases in insurance premiums.
Opposition MVA releases ‘traitors record’ against BJP-led Maharashtra govt (13-10-2024)
The Opposition Maha Vikas Aghadi labels the ruling Mahayuti in Maharashtra as a government that favors the rich and neglects the poor. They highlight increased prices, high GST on essential items, lack of support for farmers, and corruption, urging voters to reject the current administration.
Fisher-Price Recalls ‘Snuga Swings’ Linked to Five Infant Deaths (13-10-2024)
The U.S. Consumer Product Safety Commission announced the recall, which one of its commissioners said was “doomed to fail.”
Indotech – A turnaround story? (13-10-2024)
Results of TRIL below. Just shows the underlying trends in transformer industry and the possibilities in Indo Tech
