KEEPING CALM MIKE
29 Sep 2016
Border tension wobbles the Senex Border tension with Pakistan is unnerving the Stock market these days, all will calm down and the market will then feel more comfortable too . K.C.M.
IOMINVESTCOM
12 Feb 2016
Re: Why NAV and sp falls ? [link] quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. [link] central bank governor Raghuram Rajan has warned that the country must brace for more than a year of “deep surgery” to repair its damaged banking system, raising fears that tough action on bad loans could slow economic recovery.On the surface, India appears to be a beacon of growth among struggling global emerging markets, posting an increase of 7.3 per cent in gross domestic product in the most recent quarter this week, underlining its position as the world’s fastest-growing big economy.MoreON THIS TOPICGlobal Insight Violence tests India-Africa relationshipIndia keeps top GDP place with 7.3% rise‘Rebooting India’, by Nandan Nilekani and Viral ShahIndia’s markets lose their Modi mojoIN INDIAChina property group moves into IndiaStudent’s suicide poses problem for ModiMixed results for Delhi pollution pushMake or break year for Modi’s India dreamBe briefed before breakfast in Asia - our new early-morning round-up of the global stories you need to knowSign up nowHowever, many economists have expressed doubts about recent statistical changes used to calculate those figures, and pointed to broader signs of economic malaise, including a sharp rise in bad loans across the banking sector.On Thursday, Mr Rajan underlined concerns about the health of leading banks following a review of asset quality undertaken by the Reserve Bank of India this year. The central bank is now urging lenders to complete a clean-up of all bad loans by March 2017.“The banks are attempting to regularise the loans that can be put back on track, and are classifying those that cannot for deeper surgery,” Mr Rajan said.”In common with other emerging markets, India’s corporate sector has suffered sharp increases in debt levels in recent years. Many industrial companies have been hit by delays to investment projects, leaving them unable to repay loans to state-backed banks.This has led both to a jump in stressed bank assets and a collapse in private sector investment levels, complicating the task facing Prime Minister Narendra Modi as he attempts to increase growth rates towards double digits.The health of India’s banks has been a focus of particular concern this week as a series of big lenders reported weak financial results as the financial clean-up exercise demanded by the RBI kicked in.State Bank of India, the country’s largest lender by assets, on Thursday reported lower profits and a rise in bad loans, capping a week in which other lenders had seen sharp drops in share prices following unexpectedly weak results.“The recent decline in bank share prices has investors on the edge,” said Mr Rajan. “[But] the market turmoil will pass. The clean-up will get done and Indian banks will be restored to health.Although few analysts expect widespread bank failures in India, rising levels of asset stress are likely to place further strain on the country’s public finances by forcing Mr Modi’s government to inject further capital into struggling state-backed lenders.Rising stress in the country’s banks is also likely to lead to calls for more radical changes to the structure of the country’s state-dominated banking system, in which government-backed institutions control around three quarters of assets. Mr Modi’s administration has baulked at suggestions that some weaker public banks should be privatised.
Hardboy
11 Feb 2016
Shares Magazine Nice long article in Shares Magazine today saying India is THE emerging market to be invested in.
lambrini girl
11 Feb 2016
Re: Why NAV and sp falls ? sensible as always to bank profits on anything that has done well IOMie..see wots happened to china...brazil..etc..if this gets a spring bounce to MAY ..BANK...could drop to 210..
IOMINVESTCOM
27 Apr 2015
Re: Why NAV and sp falls ? I see 3.02 support touched today. I am watching for 2.78 or 2.60 to buy if market allows.[link]
sage in the hills
26 Apr 2015
Re: Why NAV and sp falls ? That info is in the public domain now,valuation adjustments have been made ....so, ..... when does normal market value and investment resume ?SAGE
sage in the hills
26 Apr 2015
Re: IndiaÂ’s tax raid on foreign investors Ok, so, ....... when is the return to sp, market and fund growth again ?SAGE
IOMINVESTCOM
25 Apr 2015
IndiaÂ’s tax raid on foreign investors Taken from this week's Money week issue 739 page 7“India’s government has set itself ona collision course with global fundmanagers,” says James Crabtreein the Financial Times. Last week,the country’s finance minister, ArunJaitley, announced plans to raisealmost $6.5bn by retrospectivelytaxing foreign investors on capitalgains. The legislation falls under India’sminimum alternative tax (MAT), a formof corporate tax that has traditionallyonly been applied to domesticfunds, but that the government nowmaintains should have been chargedto international investors as well.This adds to the confusion created byIndia’s convoluted tax system: justtwo months ago, the governmentmade it clear that foreign investorswill definitely be exempt from the MATwith effect from 1 April 2015.The move threatens to undo muchof the goodwill that Narendra Modi’sgovernment has earned since comingto power last year, says Dhiraj Nayyaron bloombergview.com. Why itwould do this is unclear. It may wantto stick to the letter of the law, “evenas it acknowledges those laws ascounterproductive”. Perhaps theprospect of the added revenues is toogreat to resist – or maybe it is “goingout of its way” to show it’s not too probusiness.“Whatever the reason, theoutcome threatens to torpedo investorconfidence.”
colpac
24 Apr 2015
Re: Why NAV and sp falls ? Indian Government decided to start taxing foreign funds and investment at source, means that investing in india is a little less attractive at the moment. The tax decision was a surprise and contrary to what people were thinking Modi government was about. I think
sage in the hills
24 Apr 2015
Why NAV and sp falls ? Anyone know why the NAV and sp for India funds dropping over the last couple of weeks ?SAGE
sage in the hills
16 Apr 2015
NAV is 400p today against 351p spGood discount and bargainSAGE
glasgowboy
09 Feb 2015
why the fall? why the fall?
Oxonoxon
08 Jan 2015
Re: Gap to nav closing I should add firmly lodged in my ISA and staying there for the next 20 years or so
Oxonoxon
08 Jan 2015
Gap to nav closing Happy holding here - India is a huge growth economy with better demographics than any other country in the world and a stable democracy to boot...... What's not to like?
Oxonoxon
15 Dec 2014
tipped again Money week again recommending this. 50% upside from here the possibility though they do doubt that much. Either way happy to stick with Modi and see how this plays out
