Hemant Rustagi, CEO, Wiseinvest, says that despite mutual funds and other options being there, some investors go for very conservative options for their children’s education thinking that this is one of the most important goals and they would not like to take any risk on that money. Maybe NPS Vatsalya will add one more option. … Read more
V Vaidyanathan, MD & CEO, IDFC First Bank, says massive floods in Tamil Nadu five or six months ago disturbed the joint liability group (JLG) portfolio. IDFC First has taken extra provisions on that book because people at the bottom of the pyramid suffer during a calamity as it affects their earnings and hence the … Read more
Sandip Sabharwal, asksandipsabharwal.com, says this is not the time for a midcap, largecap kind of approach. It has to be a company-wise approach where we have to be careful what companies we are holding and valuations become more and more important as markets zoom. Because at a 52-week high, irrespective of what price you have … Read more
Raamdeo Agrawal, Founder & Chairman, Motilal Oswal Group, says he wants to buy well-established businesses with strong management teams, which may be facing some headwinds recently. Agrawal says the shift of deposits from banks to the capital market is a significant trend. The banking sector must adapt to this change and ensure sufficient credit and … Read more
Jayesh Mehta, Vice-Chairman & CEO, DSP Finance explains the fall in the rupee against the dollar. Mehta says overall, it is a risk-off situation and that is where we saw some appreciation in Asian markets, particularly Japan. There was an unwinding of a lot of carry trades in the case of Japan. For India, we … Read more
Shenu Agarwal, MD & CEO, Ashok Leyland, says they have three or four highly significant subsidiaries with great potential for value creation. First, there is Hinduja Leyland Finance which is going public. Additionally, Hinduja Housing Finance, a wholly-owned subsidiary of Hinduja Leyland Finance, is also performing well and has significant potential for value creation in … Read more
Peter Cardillo of Spartan Capital Securities LLC, says there is a very good possibility that with the weakness coming out of the Chinese economy, which will eventually hurt the global economy, we might get a surprise move by the Fed in September by half a percent rather than a quarter of a percent. And I … Read more
Finance Minister Nirmala Sitharaman answers Congress claims that internship, Angel tax abolition & other ideas were borrowed by BJP in the Budget. She also says jobs are getting added but maybe not so many in the formal sector. FM points out that three out of five scheme packages in this Budget are for jobs. Self-employed … Read more
Rohan Verma, CEO & ED, MapMyIndia, says like there is UPI for payments or Aadhaar for people identification, the ULPIN or the MapMyIndia equivalent or linked ID called Mappls Pin can provide capabilities to reduce court disputes on land ownership, and provide economic empowerment or financial inclusion for everybody as well as proper city and … Read more
Swaminathan Aiyar, Consulting Editor, ET Now, says we should expect a Trump win and prepare for it even if that turns out to be wrong. That leads to the worst-case scenario. Suppose immediately he puts a 10% tariff on everybody, 60% on China. Everybody will be obliged to retaliate. The European Union will retaliate. Mr … Read more
