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'India's economic recovery much slower than expected'

  Global financial services major Bank of America Merrill Lynch on Monday said Indian economy is recovering at a much slower-than-expected pace, but faster enough to overtake Brazil and......

RBI likely to cut policy rate by 25 basis points in Aug: Bank of America Merrill Lynch

Better supply management and check on hoarding should be able to prevent food price spikes The Reserve Bank of India is likely to cut benchmark rate by 25 basis points in its policy meet on August......

Hold on! Stock market will not give up gains easily

Foreign brokerages such as Bank of America-Merrill Lynch and Nomura remain upbeat on the road ahead for markets. Macquarie, too, recommends a 'buy on dips' strategy.  Lower-than-expected......

GVK to file up to $250 million IPO for airport unit soon

GVK has mandated Citigroup, Bank of America-Merrill Lynch, Axis Capital and JM Financial Services to manage the IPO GVK Power & Infrastructure is likely to file a draft prospectus for an up to $250......

BofAML sees 0.25% rate cut in Feb

Foreign brokerage Bank of America Merrill Lynch (BofAML) on Friday said a "dovish" Reserve Bank will slash key interest rates by 0.25 per cent at the February review meet and will do cuts of......
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Sensex ends 169 points up at 26,128, Nifty settles at 7,942; banking stocks gain

3.30 pm: Brushing aside cues from weak Asian markets, the benchmark BSE Sensex closed 169.57points up at 26,128on hopes of a likely breakthrough in... ...
Banking stocks surge 12% ahead of RBI monetary policy review, value buying

The Nifty PSU index was up 106.55 points, or 3.43 per cent, at 3,214.20 in the afternoon trade (at 2.54 pm). Leading the pack of gainers was... ...

According to the global financial services major, after the 25 basis points cut likely in February there is little headroom to cut rates, but the... ...
As gold, platinum prices fall, investors flee metal funds

According to Bank of America Merrill Lynch's weekly flows report, investors yanked USD 1 billion from precious metals funds in the week to Nov. 25,... ...
PRECIOUS-Gold poised for 6th straight weekly drop on Fed rate hike view

SINGAPORE, Nov 27 Gold hovered close to its lowest level in nearly six years on Friday, on track for a sixth straight weekly decline, weakened by... ...

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