US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
In the mid-quarter review on December 18, the Reserve Bank left key policy rates unchanged but said it will hike interest rates if inflation does not subside.
According to HSBC, the 'storm has abated' for the Indian markets as the US Fed has deferred tapering of its quantitative easing stimulus, and as the new Reserve Bank of India Governor Raghuram Rajan has taken steps to contain the rupee fall.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
.jpg)
While the depreciation of the rupee would not have much impact on large players such as Infosys ,TCS and Wipro,their smaller peers, might have to postpone acquisition activity.
Despite low tariffs, voice usage is not growing.
Analysts expect robust earnings growth from the financial sector.
Bullish over robust fundamentals and improving macroeconomic conditions, industry leader Deepak Parekh on Saturday said India currently has "exceptionally good conditions" in place to aspire for 10 per cent economic growth but much needs to be done to achieve that target.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
Insurance company will bear the cost of digitising. It will in turn benefit from lower expenses on servicing policies.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
In the United States, economic data is likely to take a back seat next week.
Consequences of China's efforts to stabilise its equity markets after three weeks of declines, which wiped out some 30 per cent of the value is far more importance to the world, says Clyde Russell.
Telcos have indicated that rates will have to be raised, as higher volumes alone will not suffice to meet the higher costs.
'It will take a long time for the effects of demonetisation to wear away, and I am not even sure that a year lost, can at all be even recovered.'
Here's how brokerages across the country are interpreting the exit polls.
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
Will Infy spring a surprise in subdued second quarter?
The central bank gave 11 entities licences to start payments banks.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
While some equity analysts have raised target prices for public sector banks, others remain cautious
Balakrishnan, head of the BPO, Finacle and India business units at Infosys, is widely seen as a contender for CEO after the incumbent S D Shibulal's term ends in 2015.
Row also provides an opportunity for key competitor ITC (Yippee noodles) to step up market share in the prepared dishes segment
.jpg)
UBS said it remained bullish on India and it may be early to book profits.
'Indians are great savers, but they are lousy investors.'
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
Follow these and the your chances of earning higher returns will improve...
Tata Steel's domestic operations have been its cash cow.
Both banks and jewelers sell coins and bars, but it is generally costlier to buy it from a bank
As part of a cost-cutting plan, the bank is now dismantling its stock broking, equity research, and equity listing desks worldwide.
Given that India will get a huge part of its oil supplies from Iran through its government-owned oil PSUs, any unwelcome shocks in global crude rates could be absorbed well enough.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
The recovery was led by pharma majors led by Dr Reddy's Labs.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
According to the research arm of the country's largest lender State Bank of India, with stability in the currency, the RBI Governor is likely to lower the marginal standing facility rate, at which the RBI lends to the banks, once the lenders exhaust their overnight repo borrowing limits.
