As the Ukraine war rages and Russia is being forced to sell oil at a discount, India appears to be making hay as the sun shines. For the month of December 2022, India’s crude oil imports from Russia touched 1.19 million barrels per day (bpd), the f

In no uncertain terms, the World Bank has warned that the global economy could be closer to a recession than previously thought. In fact, across the board, the World Bank has sharply cut down its growth forecasts for most countries and regions. It ha

Indian gold jewellery exports have not had a great time in the recent past. However, after the India-UAE CEPA, things appear to have improved for the better. For instance, India’s plain gold jewellery exports for nine months to December 2022 has gr

When the RBI published the current account deficit data on the 29th December 2022, there were some concerns about the sudden spike in the current account deficit (CAD) number for Q2FY23. In dollar terms, the current account deficit for the second qua

It could be a setback for the world’s largest and most prestigious search engine, Google. The National Company Law Appellate Tribunal (NCLAT) has denied Google’s request for interim relief. Google had filed an appeal against the recent order of t

What was the big FPI flow story of year 2022. It was almost like the tale of two halves. The first half of 2022 showed a lot of bearishness with FPIs thinking with their feet. On the other hand, the second half of 2022 showed a complete turnaround wi

In 2020, when the market cap of Tesla overtook the market cap of Exxon, most new energy enthusiasts called it the new energy shift. After all, Exxon represented old energy with those massive oil rigs and refineries spewing oil and gases that were hor

Elon Musk may be an extremely brave man to have made a $44 billion bid for Twitter and eventually succeeded in the bid. However, his recent show of bravado has not been too helpful. It has just about created a new level of uncertainty at a Twitter. T

There is an anomalous trend that is seen in the world in the last few months. Normally, when the price of oil goes up, the oil stocks especially those in the oil extraction and the oil refining business experience higher realizations and higher margi

On 05th December, NSDL put out the detailed flows of FPIs into Indian equities for the month of November 2022. There were not too many surprises. In a month, when FPIs infused $4.45 billion of net flows into equities, it was the banking and financial

Apple diversifying its supply chains out of China and looking more intently at India and Vietnam is nothing new. However, now the shift is likely to become more vigorous and quick. Apple has now accelerated plans to shift some of its output outside C

Just last week, the EU - Russia impasse promised to be heading for a negotiated settlement. The price caps were still to go ahead, but the price cap for Russian oil was to be kept at $70/bbl. Now, $70/bbl may be about 25-30% below the average m