articles by Shishir Asthana

Investing

Vodafone to examine Budget's tax fine print

After losing its case in the Vodafone-Hutchison case in the Supreme Court in January, the government has decided to fight back by bring in an amendment, which will be applicable on a retrospective basis.

Investing

Budget 2012: FM slams the door on investors

The only demand by the investing community of removal of the Securities Transaction Tax, which is the tax on trading stocks) has not been met be the finance minister.

Economy

An inflationary budget pulls Sensex down 209 pts, bond yields zoom

The BSE Sensex opened 58 points higher at 17,734 while Nifty is up 20 points at 5,400.

Economy

Deregulating oil sector can be a game-changer; Will FM oblige?

It is very unlikely that this demand will be met as oil companies will then be allowed to hike prices of fuel at their own will.

Budget

Show me the money, banks urge FM ahead of Budget

Top on the wishlist will be capital infusion in public sector banks in the form of tier 1 capital, which will be a positive move given the under capitalisation in most of the public sector banks.

Business

New accounting norm will depress DLF earnings, make it lumpy

Companies like DLF, who are often in a hurry to book revenues, will be hit with the new guidance note because of the expenditure clause.

Investing

UP elections: Market's worst nightmare has come true now

The UP elections results, with the Samajwadi party the clear winner and having no need for Congress support, is the market's worst nightmare come true.

Economy

Cotton exports ban: A very painful policy

Export ban will push prices lower than MSP, unless CCI intervenes. Moreover it will impact farmers severely as they were expecting a better price of over Rs 4,000 per quintal.

Investing

SP's likely win energises Ambani stocks, dampens Jaiprakash

The Anil Ambani group's shares have received a fillip from the projected win of Samajwadi Party while Jaiprakash is down on Mayawati's likely loss.

Investing

LIC & ONGC: An insurer discovers love in dying minutes

True love can happen in minutes. And so LIC discovered that it was dying for ONGC's shares just before the embers of the auction process were dying.

Business

Fortis may list in Singapore after poor show in India

After receiving a shellacking from investors back home, Malvinder and Shivinder Singh are looking to list Fortis in Singapore.

Investing

Why PSU stocks soared in a sluggish market today

Most analysts are expecting that the shares bought from the government will be extinguished (reduced from the equity capital). This will result in higher earnings per share and the profit will need to be distributed to fewer shareholders.

Business

Debt trap: Selling Staples does not solve Pantaloon's problem

Cash crunch seems to be the motive behind this sale. But with debt levels of Rs 9,000 crore, the sale of Staples will only give the company Rs 200 crore.

Business

Stock is soaring, but there is still value in ONGC

The auction in ONGC involves the sale of 428 million shares, which will bring down the government's stake by 5 percent to 69.14 percent.

Business

Apple's $500 bn market cap is 3 times Pakistan's GDP

Did you know that Apple's market cap is 15 times the size of Raja's 2G telecom scam? Read on for more fun facts.

Investing

ONGC closes at 9 month high on stake sale, Sensex up 21 pts

Banking stocks continue to trade higher on expectation of liquidity easing by the central bank through a CRR cut

Business

Reliance Infra's Mumbai gain is consolation for Delhi loss

Reliance Infra's tariff hikes in Mumbai are regular and timely. In Delhi, the last tariff hike was too little, too late, and NHPC has yanked supplies.

Investing

Reliance Infra gains 13% on tariff hike, Sensex closes 285 pts up

A subdued US markets after a weak performance in the Asian and European markets on Monday, has led Indian markets to trade higher.

Business

Sesa Sterlite: How Vedanta pushed its dirt on to Sesa Goa's rug

Sesa Goa will now have to service the high level of debts taken by the parent to acquire Cairn India as well as end up with incubating the loss-making Vedanta Aluminium.

Investing

Rising oil prices, German vote on Greece bailout pulls market down

As against market expectation of Cairn's stake being transferred to Sterlite, the parent group has instead transferred the 38.8 percent stake to Sesa Goa, which will now have the burden of servicing the debt.