INVESTING

Retrospective taxation

Retrospective taxation- Overhang removed

“Retrospective Taxation”, these two words have roiled foreign investors looking at India over the years, and led to multiple disputes between the Indian government and global majors like Vodafone and Cairn. Going back in history, in May 2007, Vodafone bought majority stake in Hutchison Whampoa for $11 bn. The Indian government has raised a demand of Rs 7,990 cr …

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BLS International

BLS International Services Ltd-Going places

BLS International Services Ltd (BLS) is a trusted global tech-enabled services partner for governments and citizens; it is among the top three global players and the only listed entity in India in this domain. The Company is a preferred partner for Embassies and Governments across the world, having an impeccable reputation for setting benchmarks in the …

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hemisphere properties

Hemisphere Properties India Ltd- Unlocking land value

Hemisphere Properties India Ltd (HPIL) was demerged with the surplus land of VSNL (now Tata Communications Ltd) and listed in October 2020. Business activities of HPIL are to acquire construct, hold, manage, develop, preserve and to deal in any other manner with the properties, including sale and purchase. Government of India still holds 51% in the …

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markets new highs

Markets scaling new highs

Markets remained buoyant as NIFTY & SENSEX hit new highs but failed to break out remaining range bound over the last month. NIFTY has been range bound between 15500-15950 levels. Liquidity remains strong especially on the domestic front. The markets have hardly been impacted by the 2nd wave of COVID over the last 3 months. …

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COVID

COVID rearing its head up- April 2021

Markets remained buoyant as NIFTY & SENSEX were up 71% & 68% in FY 21. This move has largely been driven by liquidity due to strong FII inflows over last few months. Although we are currently witnessing the 2nd wave of COVID with a sharp spurt in cases, mortality rates remain low, partly due to …

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oil on the boil

Oil on the boil – March 2021

Markets remained buoyant as both NIFTY & SENSEX hit new highs, SENSEX above the 50,000 mark while NIFTY is above 15,000. This move has largely been driven by liquidity due to strong FII inflows over last few months. Sentiments have further been boosted by declining COVID numbers & increased vaccination. FII have been buying heavily …

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Engineers India

Engineers India Ltd – Deep Value

Engineers India Ltd (EIL) is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects. The company is into other areas such as pipelines, petrochemicals, oil and gas processing, offshore structures and platforms, fertilizers, metallurgy and power. The company is providing services from concept to commissioning and …

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IRCTC

Indian Railway and Tourism Corporation Limited – Connecting online

Indian Railway Catering and Tourism Corporation (IRCTC) was incorporated as ‘Indian Railway Catering and Tourism Corporation Limited’ on September 27, 1999, as a public limited company under the Companies Act, 1956. As a Central Public Sector Enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways, the …

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Union Budget 21-22

UNION BUDGET 2021-22 – Driving growth

The Union Budget 2021-22 was presented on 1st February 2021 amid a challenging macro environment. With the first decline in nominal/real GDP in four decades, the Government had to walk the tightrope, which they seem to have done. Though there is no large fiscal stimulus, the absence of any tax hikes and better fiscal math …

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