TMS Ep465: Air India-Vistara merger, Svamitva, markets, history of HDFC
25m
·
Business Standard Podcast
·
The proposed merger of Air India and Vistara has flown into rough weather. It has attracted the glare of antitrust regulator CCI -- which has asked Air India to explain why this merger should not be probed. It comes mere months after Tata Sons and Singapore Airlines filed a merger application with the antitrust body in April, saying the amalgamation of the two airlines will not lead to any change in the competitive landscape of India. So in today’s first segment Bhaswar Kumar tries to find out why the CCI is now raising questions about the proposed merger, which was announced in late 2022? And it is not just the big birds. Indian skies are also increasingly getting swarmed by drones. They are out for delivery. They are employed in security. And now, they are mapping land parcels in rural areas to help clearly define land rights. The recently launched government scheme Svamitva will provide exact coordinates for accurate map making with the help of drones. Meanwhile, markets too have been flying high for the last few months with the Sensex and the Nifty hitting their fresh 52-week peak levels. Is there more steam left in the markets, or is it time for you to take some money off the table? Puneet Wadhwa spoke with Ajit Mishra, senior vice-president for technical research at Religare Broking on what the charts suggest. India’s financial markets, meanwhile, will lose a gem early next month as the shares of HDFC will delist on July 13. This mortgage institution -- which helped over one crore Indians realize their dream of owning a home in the last 45 years - is now merging with HDFC Bank. So how has this journey been so far? And how did these two Indian giants come into being? Listen to this episode of the podcast for answers.
The episode TMS Ep465: Air India-Vistara merger, Svamitva, markets, history of HDFC from the podcast Business Standard Podcast has a duration of
25:02. It was first published
More episodes from Business Standard Podcast
TMS Ep467 - Byju's, monsoon tourism, market rally, Uniform Civil Code
Byju’s has been in the news for a while now. Its co-founder and CEO Byju Raveendran is busy fighting battles on several fronts -- from trying to come out with its financial statement on time to winning the faith of investors and employees. The leadership claims it has understood its mistakes and is rectifying them. But is Byju’s really ready to turn a new leaf? Clearly it will be a while before Byju’s comes out from this stormy weather. If it does at all. Meanwhile, the hills of our country too are reeling under rough weather. Rains have triggered landslides, and several parts are cut off -- leaving hundreds of tourists stranded. Over the years, monsoon tourism has gained popularity in the country. But concerns are also being raised about its impact on the fragile ecosystems of Indian hills. So is monsoon tourism bad for the country’s hills? Meanwhile, Indian equities are on cloud nine. The benchmark indices closed the first half of CY23 at record high levels. However, as we enter the second half of the year, the risks, too, are piling up. Here's a low down of factors which may dent the market sentiment. After the markets, let us turn our gaze to the corridors of politics. Prime Minister Narendra Modi recently made a pitch for the Uniform Civil Code, just a week after 22nd Law Commission invited the views of the public and religious organisations on it. But ever wondered what is Uniform Civil Code? Listen to this episode of the podcast for more.
TMS Ep466: New TCS regime, HDFC twin merger, markets, wreck-diving
The Ministry of Finance on Wednesday extended the deadline for the implementation of a new rule that mandated 20 per cent tax collected at source on foreign remittances. The increase in the TCS rate from 5 per cent, which was set to kick in on July 1, would now be effective from October 1. More importantly, the ministry added that overseas spending using credit and debit cards as well as remittances under the liberalised remittance scheme, up to Rs 7 lakh would not attract TCS. But, how will this new TCS regime affect you? The long-speculated merger of India’s largest lender HDFC Bank and mortgage entity HDFC Ltd is finalised. HDFC Chairman Deepak Parekh had said that the boards of HDFC twins are going ahead with the merger effectively on July 1. In Today’s Special, we discuss the implications that the merger is going to have on the two entities and how it will affect the banking sector. Both the HDFC boards will meet on June 30, which would also be the last board meeting of mortgage entity HDFC Ltd, and its shares will go off-market effective July 13. Meanwhile, market action in the first half of the calendar year 2023 was triggered by moderation in domestic inflation, steady interest rates, return of foreign investors and some support from domestic institutions. Against this backdrop, benchmark indices notched fresh lifetime highs during these first six months of 2023. So, which sectors emerged as the top leaders and top laggards in H1CY23? And will the momentum continue in H2CY23 as well? Below the boundless blue expanses lies the centuries-old wreckage of RMS Titanic surrounded by mesmerising oceanic flora and fauna – this is what the tourists travelling in OceanGate’s Titan submersible must have been looking forward to. While the expedition met with a catastrophic end, it has brought to light how wreck-diving is developing as a popular segment of the global underwater tourism market. Listen to this episode of the podcast and take a deep dive to understand what is wreck-diving.
TMS Ep465: Air India-Vistara merger, Svamitva, markets, history of HDFC
The proposed merger of Air India and Vistara has flown into rough weather. It has attracted the glare of antitrust regulator CCI -- which has asked Air India to explain why this merger should not be probed. It comes mere months after Tata Sons and Singapore Airlines filed a merger application with the antitrust body in April, saying the amalgamation of the two airlines will not lead to any change in the competitive landscape of India. So in today’s first segment Bhaswar Kumar tries to find out why the CCI is now raising questions about the proposed merger, which was announced in late 2022? And it is not just the big birds. Indian skies are also increasingly getting swarmed by drones. They are out for delivery. They are employed in security. And now, they are mapping land parcels in rural areas to help clearly define land rights. The recently launched government scheme Svamitva will provide exact coordinates for accurate map making with the help of drones. Meanwhile, markets too have been flying high for the last few months with the Sensex and the Nifty hitting their fresh 52-week peak levels. Is there more steam left in the markets, or is it time for you to take some money off the table? Puneet Wadhwa spoke with Ajit Mishra, senior vice-president for technical research at Religare Broking on what the charts suggest. India’s financial markets, meanwhile, will lose a gem early next month as the shares of HDFC will delist on July 13. This mortgage institution -- which helped over one crore Indians realize their dream of owning a home in the last 45 years - is now merging with HDFC Bank. So how has this journey been so far? And how did these two Indian giants come into being? Listen to this episode of the podcast for answers.
TMS Ep464: Go First airline, risk tourism, microcap stocks, Artemis Accords
Go First has secured lenders’ approval for interim funding of 450 crore rupees. With this, the grounded airline -- which has filed for bankruptcy -- may come to the runway again. But will it finally take off from the runway? Go First’s return to the sky will indeed be good news for consumers, as the aviation market is left with only two big players: Air India and Indigo. From the sky, let us shift focus to the depth of seas -- which has become a favourite destination for adventure-seeking tourists. But the recent implosion of Titan submersible has highlighted the other aspect of adventure tourism: the risks attached to it. So will the Titan sub disaster sink risk tourism? Dealing in stocks -- with its unexpected movements -- can also be as thrilling as bungee jumping. Amid the ongoing bull rally, micro-cap stocks have been the flavour. With a sharp surge of 15% this year, the Nifty MicroCap index has sharply outperformed the Nifty50, midcap and smallcap indices. Find out the reason behind this rally, and if these stocks are worth your money A lot of investors it seems are over the moon as Sensex is hovering close to all-time high. Talking of the moon, the United States is planning to send humans again to the lunar surface by 2025. And, during Prime Minister Narendra Modi’s recent visit to the US, India joined the Artemis program -- which is aimed at another moon landing after the Apollo missions. So what are the Artemis Accords and what do they mean for India’s space exploration ambitions? Listen to this episode of the podcast for answers.
TMS Ep463: Food inflation, Yevgeny Prigozhin, primary market, AI hype
After a late onset, monsoon seems to be finally making good time. It has covered almost 80% of the country -- arriving in Delhi and Mumbai at the same time. While the rains are again giving the civic bodies a tough time, the policy makers are a relieved lot. But how long will this relief last? Has monsoon solved this year’s food inflation problem? Last weekend, when the monsoon clouds were progressing towards Delhi, neighbouring Russia was grappling with a different kind of march towards its capital Moscow. It was that of heavily armed Russian mercenaries led by former Vladimir Putin ally Yevgeny Prighozhin? While the march was cut short and Prighozhin was forced to leave the country, the development has certainly exposed chinks in Putin’s regime. Find out about the controversial Wagner leader and how he came into prominence in Russia. Antony Blinken, the US Secretary of State, has described this rebellion as another crack in the Russian façade. The Russia-Ukraine conflict has dealt a big blow to the world economy. India too has been feeling the heat. In FY 23, IPO filings declined nearly 54%. But, this week, it seems, investors will be spoilt for choice as seven IPOs are set to hit the markets. The push comes amid a broad-based market revival. But, as global uncertainties keep secondary markets volatile, will this momentum in the primary market sustain? Asset managers, meanwhile, are racing to develop artificial intelligence solutions that can help their clients get more returns. People are talking about AI’s application in almost every field. AI, it seems, now has baggage of expectations to carry. And a new term has been coined to explain this. It is AI hype. Today we explain what ‘AI hype’ is?