India's Bear Stearns Moment
With large parts of India still in lockdown, there have been apprehensions that there could be an increase in corporate defaults, especially from...
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SBI Card IPO: Good Company Not Worth a 350% Premium But Will Probably Pop Anyway Despite These Risks
Launched in October 1998 by the State Bank of India and GE Capital, SBI Cards (SBICARDS IN) is the second-largest issuer of credit cards and the...
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India's Automobile - Market Recovery and Opportunities in INR Bonds
In the first of our local currency bond series, we look into Indian INR bonds in the auto finance industry in India. We believe there are some...
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India Banks – Deterioration
We do not view the INR700bn recapitalization of government banks as a panacea. We do not view the US$24.8bn Reserve Bank of India (RBI) payment to...
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Last Week in Event SPACE: Rakuten/Lyft, Delta, Kosaido, Ophir, Dairy Crest, Panalpina, BGF
Last Week in Event SPACE ... The question mark over the size of Rakuten Inc (4755 JP)'s stake in Lyft may be known in the coming two weeks. Delta...
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