“Rapidly changing industries are the enemy of the investor.” Mohnish PabraiIt continues to be a mixed picture for the chemicals sector. There are signs of pricing pressure easing, but volumes need to pick up as well. Till a couple of months back, most analysts were at best sounding neutral on the sector. The tone is now gradually turning positive.Centrum analysts Rohit Nagraj and Kunal Pai are...

A popular theory in the market is that the main reason for banks’ inability to garner low-cost deposits fast enough to match loan growth is that more savers are diverting their money to the stock market. This has led to mutual fund managers blaming the banking lobby for some of the rule changes in recent times. But the theory of the stock market hurting banking deposit growth may be flawed, argu...

Equity benchmark indices registered their third weekly drop in four amid risk-off sentiment triggered by worries over global growth and the future course of interest rates. Sentiment dampened across the global markets on account of the global banking crisis intensified and spread from the US to Europe. As a result, Nifty slipped 313 points or 1.8% to close at 17100 while Sensex dropped 1145 points...

Indraprastha Gas (IGL) and Mahanagar Gas (MGL) have continued to hike the price of compressed natural gas (CNG) and piped natural gas (PNG) to recover the increased input costs after the government doubled the domestic natural gas price on April 1. Natural gas is used as a raw material to produce CNG and PNG.IGL on Thursday hiked the price of CNG by Rs 2.5 per kg to Rs 71.61 per kg, while the p...

Mahanagar Gas (MGL), Indraprastha Gas (IGL), and Gujarat Gas have all hiked the price of compressed natural gas (CNG) on Wednesday following the doubling of domestic natural gas prices to $6.1 per million British thermal unit from April 1.While MGL also hiked the price of piped natural gas (PNG), but IGL and Gujarat Gas have kept PNG prices unchanged.The price of CNG was raised by Rs 7 per kg...