Life is not a template and neither is mine. Like several who have worked as journalists, I am a generalist in my over two decade experience across print, global news wires and dotcom firms. But there has been one underlying theme in each phase; life gave me the chance to observe and tell a story -- from early days tracking a securities scam to terror attacks and some of India's most significant court trials. Besides writing, I have jumped fences to become an entrepreneur, as an investment advisor -- and also taught the finer aspects of business journalism to young minds. At Forbes India, I also keep an eye on some of its proprietary specials like the Rich list, GenNext and Celebrity lists. An alumnus of Xavier Institute of Communications and H.R College of Commerce and Economics in Mumbai, I have worked for organisations such as Agence France-Presse, Business Standard, The Financial Express and The Times of India prior to this.
Global geo-political tensions have started to play out in a larger way, with tensions between the United States and Russia and North Korea both, starting to rise. Last week, the US military used an 11-tonne bomb in a move aimed to target ISIS militants’ hideouts in eastern Afghanistan. Since last week, global gold prices firm up to a five month high and India’s equity markets have corrected from their recent record highs this month. The focus in India is now on the Q4FY17 corporate earnings, which last week commenced on a tepid note with IT major Infosys, which missed some analysts’ expectations, reporting a 2.8 percent decline in profits for its fiscal fourth quarter. It is quite likely that the markets will consolidate further, India Q4FY17 (January to March) earnings data Commodity-driven businesses, particularly in the metals space, will see improved earnings in the March-ended quarter, but some of the sectors such as IT, telecom, cement, automobile and utility stocks could lag the overall trend and continue to see weaker growth. Export-oriented companies in the IT and pharmaceuticals space are also expected to face headwinds. Companies like ACC, Tata Consultancy Services, HDFC bank and Yes Bank are amongst the major companies which will announce their earnings this week and will see greater investor attention. TCS’s earnings data, which is due Tuesday, will be closely watched, after Infosys’s disappointing earnings. According to some analysts, TCS could also report muted net profit growth for this quarter, compared to the previous year. Economic, trade data Wholesale inflation data for the month of March 2017 was announced today (April 17). It came in at 5.7 percent in March compared to a two-and-a-half year high of 6.55 percent. But retail or consumer price index (CPI) inflation, which the RBI uses as its benchmark, has risen to 3.81 percent in March, compared to 3.65 percent. These data points will become critical elements for the Reserve Bank of India (RBI), closer to its next policy, in early June. Other economic data has continued to come in the form of imports, which during the month rose to $39.67 billion, while gold imports rose to $4.17 billion, compared to $973.45 million in March a year earlier.