So when former Morgan Stanley Asia chairman and noted economist Stephen Roach, who is considered one of the world’s leading experts on Asia, warned last week that “Beijing’s crackdown against U.S.-listed China stocks will have widespread market implications…..” it got wide attention. He believes the actions are signaling the early stages of the cold war and the “tensions between the world’s two largest economies could get to levels not seen since the early 1970s.” His observation cannot be taken lightly.
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Will ‘Bad Bank' Craft Good Banks?
Finance Minister, Nirmala Sitharaman has, at last acted upon one of her many announcements during the 2021 Budget presentation, by declaring the creation of India’s first-ever ‘Bad Bank. It will acquire all the NPAs of a bank at a price that is below their book price. It then will work to recuperate and turn around the assets by way of expert management, sale, or restructuring. How effective would be bad bank to solve the mega problem of NPAs? Shivanand Pandit answers this big question.
“GVFL has been at the forefront of ‘Atmanirbhar Bharat' long before the word was coined”
There are a lot of disruptions happening in the entire segment of the economy in these critical times. Please elaborate the kind of crises you faced and what has been the impact of Covid and lockdown?
RAFT MOTORS Revolutionizing the EV Segment
Raft Motors is a new entrant in the Electric Vehicle segment, however, with ever-increasing dealership nodes in major towns, it is fast emerging as one of the industry leaders with innovative products and advanced engineering skills.
KIOCL Limited Despite Lockdown Registered Spectacular Financial Performance
KIOCL Limited, (Previously known as Kudremukh Iron Ore Company Ltd.), a Flagship Company under the Ministry of Steel, was formed in 1976 for mining and beneficiation of low-grade iron ore at Kudremukh, at Chikkamagaluru district of Karnataka. The Company was conferred with Mini Ratna status in 1999. The country’s prestigious Export Oriented Unit (EOU) has its Pelletisation Complex and Pig Iron Complex (Blast Furnace Unit) at Mangalore and engaged in the business of manufacturing high quality Iron Ore Pellets for export and domestic market and supply of foundry grade pig iron in domestic market.
BANKING ON BANK
Banks after underperforming year till date are likely to outperform once again and continue with their long term trend.
6 Steve Adcock's Financial Rules
Self-made millionaire Steve Adcock retired from his job as a software developer in 2016, when he was just 35 years old. Over the years he has curated lots of tips for building wealth.
Money works. The offeror makes more gains in return than he bribes
BLAME GAME MUST END
UNDERSTANDING THE OIL BOND MATH
ACHILLES HEEL High Assured RoE push up power tariffs, need abolition
High RoE that was offered as an incentive to boost power generation in the country two decades ago has now become Achilles heel for the regulators and consumers across the country as it is one of the major fixed cost factor driving retail power tariff higher.
SUGAR TURNING INTO WHITE GOLD
Sugar sector, for long, has always been considered as cyclical in nature. Nevertheless, some structural change that is taking place now makes it a sustainable business and reduces the cyclicality.
INVESTORS: DON'T ABANDON CHINA
Turmoil in China has been all over the financial news, but the volatile market is too big to ignore.
CHINA CRACKDOWN ON APPLE STORE HITS HOLY BOOK APPS, AUDIBLE
Amazon’s audiobook service Audible and phone apps for reading the holy books of Islam and Christianity have disappeared from the Apple store in mainland China, the latest examples of the impact of the country’s tightened rules for internet firms.
CHINA CALLS MISSILE LAUNCH ‘ROUTINE TEST' OF NEW TECHNOLOGY
China said its launch of a new spacecraft was merely a test to see whether the vehicle could be reused.
Pakistan sees a victorious Taliban in Afghanistan to the west and a partner in China to the East. But the U.S. is at odds with both, pushing leader Imran Khan into a delicate balancing act.
America Can't Ignore Afghanistan
Exclusive: Pakistani Prime Minister Imran Khan says the Taliban can be a partner for peace, not a terrorist threat - if the U.S. stays engaged.
MICROSOFT SHUTTING DOWN LINKEDIN IN CHINA
Microsoft is shutting down its LinkedIn service in China later this year after internet rules were tightened by Beijing, the latest American tech giant to lessen its ties to the country.
CHINA SET TO SEND 3 ASTRONAUTS ON LONGEST CREWED MISSION YET
China is preparing to send three astronauts to live on its space station for six months — a new milestone for a program that has advanced rapidly in recent years.
CIA Creates Working Group on China as Threats Keep Rising
China is an especially difficult challenge for the U.S. intelligence community.
CHINA TIGHTENS POLITICAL CONTROL OF INTERNET GIANTS
The crackdown reflects Xi Jinping’s emphasis on reviving the party’s “original mission” of leading economic and social development.
MASTERING the UNIVERSE
Nuclear fusion has been a fantasy for decades. But recent breakthroughs signal the holy grail of clean energy could finally be close to reality. Who’ll get there first?