From process to outcomes

Reinhart and Rogoff (2009) provide an impressive account of the history of sovereign debt crises over the past 200 years.

Selloff an overhang

Stake divestment to pressure stock; mines are long-term. We see government divestment of its 9.5% stake in NTPC as a…

Expectations vs ground realities

The ONGC stock?s sharp under-performance versus the Sensex reflects mismanaged expectations of volume growth, concerns about subsidies, a worrying decline…