Vrajlal Thakker & CO.

26/08/2019

From vrajlal thakker & Family🌷🙇‍♂️

23/03/2016

11/02/2016

A bank analyst recently joked that PNB's market cap = 9M slippages = 18K crore.

Crazy! Looks like the UPA2 mess, which first Chidambaram and now Modi is trying to clean up, will take a lot more time.

The fiscal deficit mess has been largely sorted thanks to Oil and Modi cutting down heavily on wasteful non-plan expenditures. So, we'll hopefully see some new inter-state roads and infra.

But the big mess around private capex remains, despite a steep growth in FDI. Global weakness aside, the domestic sector ails from bad bank balance sheet.

The potential size of crony capitalism in bank lending is disappointing. Public sector bank bad debts grew from $3bn in 2012end to $10bn in 2014end.

What a waste of possible opportunities and tax-payers money!!

04/01/2016

Circuit breakers were triggered on Shanghai & Shenzhen exchanges as CSI 300 fell 5% initially and then fell 7% to close for the day.

Stocks fell as manufacturing contracted for a fifth straight month and investors anticipated the end of a ban on share sales by major stakeholders.

Under a new mechanism which is effective today, a move of 5% in the CSI 300 triggers a 15-minute halt for stocks, options and index futures, while a move of 7 percent close the market for the rest of the day.

The trigger seems to be China Caixin Manufacturing PMI for December which was lower than expectations at 48.2 as operating conditions faced by Chinese goods producers continued to deteriorate in December.

Production declined for the seventh time in the past eight months and data suggested that client demand was weak both at home and abroad, with new export business falling for the first time in three months in December.

Manufacturers continued to trim their staff numbers and reduce their purchasing activity in line with lower production requirements. Meanwhile, deflationary pressures persisted, as highlighted by further marked declines in both input costs and selling prices.

15/10/2015

https://m.facebook.com/story.php?story_fbid=1730957583794655&id=100006412900215

01/10/2015

Most welcome

24/08/2015