Accenture is the most interesting of the bunch. After19,000 layoffs this year, the company has decided to not hike the salaries of its employees in India this year. The IT giant is also delaying hiring freshers to cut costs and “grapple with the present economic conditions”. In April, L...
From that perspective, India always has done research, but it was more incremental. To get from incremental to fundamental research, we need a much larger research canvas. This is starting to happen. Our company focuses a great deal on innovation, and we are going to make sure that not onl...
This week, Federal Reserve officials said U.S. “economic activity is leveling out,” but cautioned that it is likely to remain “weak for a time.” Of course, this wasn’t supposed to happen. Conventional wisdom was that Europe would languish in recession far longer than the US because ...
We expect a mild economic recession in the US, which is unlikely to spill over to the rest of the world. In fact, we expect strong economic growth in China and India. Also, the economic heft of China and India has grown over the past few decades and the weight of the US in the gl...
Because everybody talks about it but nobody knows what to do about it.
is a cyclical adjustment for the inflation differential between the two economies, and is not as steep as India’s trade weighted index. From an equity investor’s perspective, stable macroeconomic fundamentals provide the base framework for bottoms-up stock-picking and inspire confidence in the lon...
working in tandem with the regulators. We do not expect systemic issues to arise in the sector nor do we expect a deep recession, as the economic slowdown from higher rates is essentially instigated by the central bank with the aim to control inflation (and hence central banks are likely to...
Even Apple (NASDAQ:AAPL) stock, which is viewed as a safe haven of sorts, hasn’t really been immune to the sell-off, declining by about 8% over the last month. The recent sell-off comes amid concerns about a recession in the U.S. after a tough jobs report for July. Moreover, ...
Inflation is very much alive and that much feared recession is nowhere in sight. The battle against “elevated” inflation is not over and its demise is greatly exaggerated, particularly since governments keep adding fuel to the fire by running up huge deficits and debt. Inflation psychology has...