23rd Mar 2022
The US economy disregarded the impact of the rise in Omicron cases around the turn of the year. Consumer spending indicators recovered quickly after a slight correction in December 2021 and non-farm payrolls expanded by an average of 580,000 in Janua
The post-Covid recovery is being hit by potentially huge global supply-chain constraints that will reduce growth and push up inflation. The Russia-Ukraine war and economic sanctions on Russia have put global energy supplies at risk. Russia supplies a
22nd Mar 2022
UPI’s remarkable success on payments has put the limelight on progress being made on the next two frontiers: (1) Account Aggregator (AA) which is the data-sharing layer (2) open credit enablement network (‘OCEN’) which is the cr
With the ongoing challenges by the increase in raw material prices and supply-chain disruptions which are leading to the higher cost of production, there are possibilities for the pharma companies to increase the prices in the domestic market, with h
Since the introduction of the Emergency Credit Line Guarantee Scheme (ECLGS) which incentivizes MLIs to provide additional credit to MSMEs to meet their operational liabilities and restart the smooth functioning of their businesses, 11.5 million MSME
21st Mar 2022
Thermax Ltd has won a $150-mn order for its Sulphur Recovery Unit (SRU) at the Numaligarh Refinery. The entry into SRU enables it to bid for a high single-digit share of refinery CAPEX versus mid-single digit levels until now. Thermax would likely
With increasing uncertainties and new downward pressure, China is facing significant risks and challenges both nationally and globally. The 5.5% growth target for 2022 is the lowest official target for the economy in decades. The economy sharply decl
20th Mar 2022
In the last 3 years, Cipla's US generics business has grown faster than its peers on a lower base of 10% CAGR, and on the domestic front, Cipla has seen ~16% CAGR growth mainly led by COVID portfolio FY21 & FY22. However, the US generic busine
17th Mar 2022
Conflicting to the market expectations, Oil Marketing Companies (OMCs) have not raised retail prices of petrol, diesel, and LPG after the 5 state elections, despite double-digit negative petrol and diesel margins. The OMCs are waiting for crude volat
Wipro observed that the demand for IT services remains strong aided by transformation projects and cloud adoption. For clients with IT services vendors that are affected by the Ukraine-Russia war, Wipro is becoming an additional vendor for the client
Infosys observed a strong demand environment for IT services in the market. Infosys’s revenue grew faster than its peers in FY21 by 5% and FY22E to 19.5-20% due to its focus on digital offerings, re-training its employees in new skills, and focusin
Globally, Fintechs have corrected sharply. The price to sales growth ratio (PSG) of Fintech companies is declined to 0.07x-0.35x globally. Challenges with the lending license: To gain scale and size, Fintechs need to go beyond distr
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