He is the chief executive and managing director of the second largest private sector lender HDFC Bank
Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report.
Corporate India lags the rest of its Western and Asian peers by a wide margin when it comes to the presence of women on their boards, with just 17.3 per cent of the large companies having them on their key decision making bodies, an international report said on Tuesday. However, this is a near 6 percentage points improvement between 2015 -- when it was only 11.4 per cent -- and 2021, Swiss brokerage Credit Suisse said in the report, which covered over 33,000 executives from more than 3,000 companies across 46 countries, including over 1,440 firms across 12 Asia-Pacific markets. Female representation on boards of large Indian companies has increased by 5.9 percentage points from 11.4 per cent in 2015 to 17.3 per cent in 2021.
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
Citing the impact of the second wave of the pandemic over the economy and consumer sentiment, Swiss brokerage Credit Suisse has lowered its nominal GDP growth forecast by 150-300 bps to 13-14 per cent, but expects a stronger recovery in the second half as it sees the lockdowns having limited impact on tax collections. Last month, Neelkanth Mishra, the co-head of equity strategy for Credit Suisse Asia Pacific, and India equity strategist, had told PTI that he expected the real GDP to fall to 8.5-9 per cent in FY22 due to the more severe pandemic attack. The virus case load has crossed the 25-million mark, death toll from the same is nearing 2.9 lakh mark, which is one of the highest in the world as the test positivity rate has been around 15 per cent for long.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
Higher growth justifies current run-up, say experts.
Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about banking stocks.
'The first half of 2019 could be volatile.' 'In the second half, volatility inducing events should be largely behind us.'
The banks says that valuations are reasonable.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Chinese stock markets have slumped 30 per cent since mid-June.
The primary market showed some signs of life in a busy day.
Materials and utilities were the worst-performing sectors in March.
2019 appears a story of two halves for Indian equities - a more difficult first half might precede a stronger second half, said Abhiram Eleswarapu, bottom, left, Head of India Equity Research, BNP Paribas in an interview with Ashley Coutinho.
Benchmark indices plunge 4.7% in the first full week of 2016.
Markets and blue chip stocks may see a downward correction in short-to-medium term.
With inflation down, the government's twin deficits are largely under control.
Asia's falling stocks have triggered an exodus of funds from the region.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
'India is likely to do better than other emerging markets.'
Any correction in Indian equities is an opportunity for investors to put in money for the long term
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Policymakers have been grappling with high prices for food staples such as onions and potatoes even after the central bank raised interest rates by a quarter percentage point in each of its previous two reviews.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
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