Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

Thematic (Sector/Industry)

The Government presented a fiscally sound budget and avoided any major steps to boost expenditure and mitigate the shock of demonetization. Catching the street by a little surprise, the government stuck to the Fiscal responsibility act and reduced the fiscal deficit target for the year ending March'18 to 3.2% of GDP (vs 3.5% in March'17).  Relief has been provided on the personal income side to low and middle-income earners (people with salaries in Rs 0.25m-0.5m range) where the tax has been…

The Government presented a fiscally sound budget and avoided any major steps to boost expenditure and mitigate the shock of demonetization. Catching the street by a little surprise, the government stuck to the Fiscal responsibility act and reduced the fiscal deficit target for the year ending March'18 to 3.2% of GDP (vs 3.5% in March'17).  Relief has been provided on the personal income side to low and middle-income earners (people with salaries in Rs 0.25m-0.5m range) where the tax has been…

Budget a Non-Event as Govt Plays Safe; Falling Yields to Shift Asset Allocation to Equities

Specialist in Indian Banking and Economic Research

Hemindra Hazari

On the eve of the budget, shares on the stock market have rallied, raising hopes of the long delayed revival in private sector capital expenditure and corporate earnings. But against the backdrop of an already slowing economy followed by the ill-conceived, disastrously executed demonetisation and marginal room for a major fiscal stimulus might this be a false dawn?

On the eve of the budget, shares on the stock market have rallied, raising hopes of the long delayed revival in private sector capital expenditure and corporate earnings. But against the backdrop of an already slowing economy followed by the ill-conceived, disastrously executed demonetisation and marginal room for a major fiscal stimulus might this be a false dawn?

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Average loan growth for India's banks is now at unprecedented low levels: 0.3% as at December 2016 compared with March 2016. The figures have been coming down for some time, and suggest to that the cycle remains poor. Economists like to argue about loan growth begetting GDP growth, or GDP growth begetting loan growth; it’s probably a bit of both depending on where we are in the cycle. But the reality is that companies are not getting credit, with demand a more likely driver than supply.India…

Average loan growth for India's banks is now at unprecedented low levels: 0.3% as at December 2016 compared with March 2016. The figures have been coming down for some time, and suggest to that the cycle remains poor. Economists like to argue about loan growth begetting GDP growth, or GDP growth begetting loan growth; it’s probably a bit of both depending on where we are in the cycle. But the reality is that companies are not getting credit, with demand a more likely driver than supply.India…

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Event-Driven

Multi Commodity Exchange of India / Event-Driven

Multi Commodity Exchange of India (MCX IN)

<ul>
<li>NSE launched GOLD10G, a SEBI-approved 10-gram gold futures contract with compulsory delivery, on March 16, 2026, directly targeting retail participants underserved by MCX's larger lot structures.</li>
<li>MCX controls ~98% of India's commodity futures market and 100% of precious metals derivatives. NSE's entry is the most credible structural challenge to that dominance  of MCX's existence.</li>
<li>MCX's smaller gold contracts already suffer from thin liquidity; NSE's GOLD10G targets the same retail gap. </li>
</ul>


NSE launched GOLD10G, a SEBI-approved 10-gram gold futures contract with compulsory delivery, on March 16, 2026, directly targeting retail participants underserved by MCX's larger lot structures.
MCX controls ~98% of India's commodity futures market and 100% of precious metals derivatives. NSE's entry is the most credible structural challenge to that dominance  of MCX's existence.
MCX's smaller gold contracts already suffer from thin liquidity; NSE's GOLD10G targets the same retail gap. 


NSE's GOLD10G: A Structural Crack in MCX's Bullion Kingdom

Equity Bottom-Up

Metropolitan Stock Exchange of India / Equity Bottom-Up

Metropolitan Stock Exchange of India (MSEI IN)

<ul>
<li>MSEI is a SEBI-approved stock exchange that provides an electronic trading platform for equities, derivatives, currency, and debt instruments, aiming to offer an alternative to NSE and BSE.</li>
<li>After decades of near-monopoly by NSE and BSE, MSEI’s structured liquidity push could catalyze deeper competition, improved spreads and innovation in Indian capital markets.</li>
<li>MSEI’s revival is a meaningful competitive experiment; structural sustainability over months matters far more than short-term sentiment rallies.</li>
</ul>


MSEI is a SEBI-approved stock exchange that provides an electronic trading platform for equities, derivatives, currency, and debt instruments, aiming to offer an alternative to NSE and BSE.
After decades of near-monopoly by NSE and BSE, MSEI’s structured liquidity push could catalyze deeper competition, improved spreads and innovation in Indian capital markets.
MSEI’s revival is a meaningful competitive experiment; structural sustainability over months matters far more than short-term sentiment rallies.


Can MSEI Become India’s Third Major Stock Exchange Amid NSE-BSE Dominance?

India

National Stock Exchange of India Ltd. provides securities exchange and market infrastructure services. The Company offers trading, clearing-related services, market data, indexes, listings, and investor education. The company serves investors, brokers, listed companies, financial institutions, and market participants in India.

National Stock Exchange of India (NSE IN)

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National Stock Exchange of India (NSE IN)

Budget a Non-Event as Govt Plays Safe; Falling Yields to Shift Asset Allocation to Equities

The Government presented a fiscally sound budget and avoided any major steps to boost expenditure and mitigate the shock of demonetization....

Asia Advisors

Pre-Budget: Marginal Room for Stimulus

On the eve of the budget, shares on the stock market have rallied, raising hopes of the long delayed revival in private sector capital expenditure...

Hemindra Hazari

Cratering Loan Growth in India

Average loan growth for India's banks is now at unprecedented low levels: 0.3% as at December 2016 compared with March 2016. The figures have been...

Daniel Tabbush

NSE's GOLD10G: A Structural Crack in MCX's Bullion Kingdom

NSE challenges MCX's dominance in India's commodity futures market with GOLD10G, a 10-gram gold futures contract aimed at retail participants.

Nimish Maheshwari

Can MSEI Become India’s Third Major Stock Exchange Amid NSE-BSE Dominance?

MSEI aims to challenge NSE and BSE with electronic trading platform, structured liquidity push could deepen competition and drive innovation in...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Budget a Non-Event as Govt Plays Safe; Falling Yields to Shift Asset Allocation to Equities

The Government presented a fiscally sound budget and avoided any major steps to boost expenditure and mitigate the shock of demonetization....

Asia Advisors

Pre-Budget: Marginal Room for Stimulus

On the eve of the budget, shares on the stock market have rallied, raising hopes of the long delayed revival in private sector capital expenditure...

Hemindra Hazari

Cratering Loan Growth in India

Average loan growth for India's banks is now at unprecedented low levels: 0.3% as at December 2016 compared with March 2016. The figures have been...

Daniel Tabbush

NSE's GOLD10G: A Structural Crack in MCX's Bullion Kingdom

​NSE challenges MCX's dominance in India's commodity futures market with GOLD10G, a 10-gram gold futures contract aimed at retail participants.

Nimish Maheshwari

Can MSEI Become India’s Third Major Stock Exchange Amid NSE-BSE Dominance?

​MSEI aims to challenge NSE and BSE with electronic trading platform, structured liquidity push could deepen competition and drive innovation in...

Nimish Maheshwari

NSE challenges MCX's dominance in India's commodity futures market with GOLD10G, a 10-gram gold futures contract aimed at retail participants.

MSEI aims to challenge NSE and BSE with electronic trading platform, structured liquidity push could deepen competition and drive innovation in...