Day: October 10, 2020

Is GlaxoSmithKline plc (LON:GSK) Popular Amongst Institutions?

If you want to know who really controls GlaxoSmithKline plc (LON:GSK), then you’ll have to look at the makeup of its share registry. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. Companies that have been privatized tend to have low insider ownership.

GlaxoSmithKline has a market capitalization of UK£71b, so it’s too big to fly under the radar. We’d expect to see both institutions and retail investors owning a portion of the company. Our analysis of the ownership of the company, below, shows that institutions are noticeable

‘RBI was as dovish as it could be without cutting rates; MPC likely to hold rates in December policy’

RBI’s decisions were focused on supporting growth even though space for rate cuts remains restricted. (Bloomberg)

The RBI MPC as expected kept policy rates unchanged. However, in line with recent policies, the RBI focused on ensuring adequate liquidity in the system. The decision to conduct open market operations (OMOs) in state development loans (SDLs) will be essential to keep borrowing costs stable as states look to borrow heavily in 2H FY21. The increase in the size of each OMO operation for GSec will also aid in assuaging market concerns on RBI’s intended direction.

On the credit creation front, the TLTROs

Walmart India reports Rs 299 crore in net loss in FY20; revenue up 20%

Flipkart had acquired Walmart India’s wholesale business in July this year. (Image: PTI)

Walmart India, whose wholesale operation was acquired by Flipkart in July this year, saw its losses for the financial year (FY) 2020 increase 74 per cent from last FY. The company reported Rs 299.20 crore in net loss up from Rs 171.68 crore in FY19, according to its FY20 financials accessed by business intelligence platform Tofler. Flipkart had acquired “100 per cent interest in Wal-Mart India Private Limited, which operates the Best Price cash-and-carry business,” it had said. Walmart owned and operated 28 Best Price cash and