Page 5 - Akash Prakash

Awaiting genuine economic reforms: Why foreign investors are still selling

Policy measures taken to counter the slowdown are not enough

Why are FPIs selling?

We need to see a concerted attempt to make India an easier place to do business

A question of trust

For investors to return to NBFCs, trust needs to be rebuilt in the financial system and its guardrails

A second balance sheet deleveraging

This time round, it is the promoters who are grappling with intense liquidity shock

Linkages between debt and equity markets

As debt markets evolve, equity investors will need to spend some time understanding the debt markets' perspective on companies

Long-term global economic outlook

India is set to benefit from its demographic dividend, whereas China is expected to slow tremendously

Will 2019 be the year of earnings revival?

In a tough, volatile and slowing global scenario, India will really stand out if it can deliver

The significance of the Huawei arrest

The economic cold war between the US and China is not about tariffs or trade deficits but about technology

Teflon-coated S&P 500

Continued weakness in EM equities will ironically lead to capital flows into India as global investors seek a hiding place

Trouble in Emerging Markets

A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets

Budget 2018: Arithmetic is reasonable, fiscal deficit numbers honest

The FM has talked of income tax buoyancy of 1.9 to 2.1, and using a nominal GDP assumption of 11.5% for FY 19, yields the desired numbers

PSB recap: Now what?

For recapitalisation to be a momentous step, we must see further reform of the HR and governance structure of the public sector banks

Is 3G the future of consumer firms?

With increased volatility, managements best suited to create moats around businesses might lose out to frequent changes

Akash Prakash: Formalisation of the Indian economy

Govt has to find a way to channel the upcoming revenue buoyancy towards job creation

Akash Prakash: Tax trauma

Why a new CBDT directive will sound the death knell for the home-grown India-dedicated fund industry

Akash Prakash: Cognizant, Elliott and Indian IT

Elliott Capital's letter to Cognizant, detailing how the latter can raise its share price, has many lessons for Indian IT firms

Akash Prakash: Demonetisation: Impact on investors

It is a very positive move as, in the longer term, it will formalise the economy further and change deep-rooted behaviour

Akash Prakash: China after the Plenum

Beijing has bought itself and the world economy short-term stability, probably at the cost of much greater pain down the road

Akash Prakash: Profit persistence of Indian companies

Buying a great company at any price may not deliver the returns because the competitive advantage period of most is declining

Akash Prakash: Complacency in global markets

If you are a global investor, the responsible thing to do is cut risk and raise cash, no matter how painful it may be in the short term