The market does not know what is the true underlying quality of the book on which it is paying a multiple, says Neelkanth Mishra, India Equity Strategist. What is your understanding of the way the shape of the Indian economy is moving? The optimists would say it is a V-shape recovery, a pessimistic would say that it is difficult to predict. What is the right way of looking at the new normal for India? The situation we are in right now, we need to assume that the virus is still not under control. We are still seeing a doubling rate of cases and in many of the large cities, the medical infrastructure is starting to get overwhelmed. The government has now realised the challenges of enforcing a lockdown because in Mumbai, a lot of the police personnel are infected and several have unfortunately died. The ability to enforce a lockdown is also limited and therefore, the state is receding. The government is now realising that they need to rope in civil society. So societal structures are … [Read more...] about Credit Suisse on why financials are the worst performing stocks globally
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“We have seen a pick-up in documentation and disbursement of pre-approved loans for top-up loans on existing housing loans and micro, small and medium enterprises (MSME) loans. These loans are capped at ₹5 lakh payable at an interest rate of 8-9%,” said Rajkiran Rao, chief executive and managing director. … [Read more...] about Lenders spot green shoots in credit biz
Huge potential“Ayurveda is a traditional medicinal knowledge source from India and there is huge potential in it. Its inherent strength in holistic healing and wellbeing is being put to good use in treatment of the patients at this centre,” said the Minister. … [Read more...] about COVID-19 cases: India now in top 10
So the stimulus message was tagged on to what was meant to be an exhortation to self-reliance, glossing over the near impossibility of merging the immediate requirement of relief for a huge population and a questionable strategy for the future trajectory of a large economy aspiring to superstardom. … [Read more...] about Sitharaman’s Stimulus: Renovate a house in flames without dousing the fire!
People enjoy sunshine on a lawn marked with circles to practice social distancing in Domino Park of New York, the United States, May 26, 2020. The death toll of COVID-19 in the United States reached 98,902 as of 8:32 p.m. (0032 GMT on Wednesday), according to the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University. Meanwhile, the national confirmed cases of COVID-19 rose to 1,680,625, according to CSSE. (Xinhua/Wang Ying) … [Read more...] about Daily life in New York amid COVID-19 pandemic