Home prices in Mumbai are headed for a sharp correction, while others may remain stagnant due to rising unsold stock, says a report from Bank of India Merrill Lynch.
According to BofA-ML, the rupee volatility raises near term risk to inflation and to a rate cut this month.
According to the financial services major, FY13 Sensex EPS has been downgraded from Rs 1,510 to Rs 1,175, and FY14 Sensex EPS is likely to be downgraded to below Rs 1,300.
Value deals are available at Rs 2-10 lakh, giving investors an opportunity to make some good buys.
Among the Gulf countries, only the UAE saw a slump in its millionaires' club, a decline attributed to the collapse of Dubai's real estate market, which eroded house prices by more than 60 per cent.
S Nagnath, President and CIO of DSP Merrill Lynch Mutual Fund in an extensive interview talks about his fund's investment strategy, his team of fund managers and why some of his company's funds have a huge portfolio of 50 to 60 stocks.
According to the global investment banking major, the RBI will continue to gradually shift its focus to reviving growth from exclusively fighting inflation since 2010 and is likely to cut rates in June by 25bp, and by 50bp in March 2014 quarter.
Indian telecom operators are world-leaders in terms of profitability, enjoying better EBIDTA margin than their counterparts in developed countries.
The Treasury has already pledged the first-half of the mega $700-billion bailout package. On Thursday, the Senate passed the request by President George Bush to release the second-half of the rescue plan. The request was made by Bush on behalf of President-elect Barack Obama.
Reform will be a priority with the new Congress. But where to start?
Expectes RBI Governor to announce 0.25 per cent rate cut.
DE Shaw, a global private equity (PE) and hedge fund company, is close to acquiring a 14.2 per cent stake in New Delhi Television (NDTV) for Rs 70 crore (Rs 700 million).
However, the American brokerage said it continues to expect the Reserve Bank to cut policy rates by 25 bps on January 29.
Analysts at foreign brokerage Bank of America Merrill Lynch said the RBI will cut rates by 0.25 per cent in December, and follow it up with a 0.15 per cent in February.
Hemendra Kothari, the former chairman of DSP Merrill Lynch, is set to acquire Ambuja Cements' stake in ING Vysya Life Insurance for around Rs 190 crore.
After one of the most disastrous weeks in the history of Wall Street, Warren Buffett decided to invest $5 billion there.
The report also said that the domestic currency was likely to trade weak in the near future.
With America's fourth largest investment bank Lehman Brothers filing for bankruptcy protection and Merrill Lynch being bought over by the Bank of America, placements at the Indian Institutes of Management will be affected.
"We will complete the transformation within May 2007 and are talking to select foreign exchanges for a possible partnership," Bombay Stock Exchange Ltd managing director and CEO Rajnikant Patel said.
Foreign institutional investors were the major sellers on the Indian bourses in the last six months, accounting for total outflows of Rs 62,000 crore (Rs 620 billion).
The Ruias have received overwhelming response from international banks for funding of their proposed bid to pick up Hutchison's 67 per cent equity stake in Hutchison-Essar Ltd, in which they hold the remaining stake.
It's one Forbes list where none would want to figure, but Ramalinga Raju, founder-chairman Satyam Computers (now Mahindra Satyam), has managed the feat of being among the world's 10 most outrageous CEOs.
Finance -- the most battered sector by the global meltdown -- is making a strong comeback.
This is the second largest decline in the world. In 2007, India had posted 22.7 per cent growth, the fastest in that year.
A major top management level churn is on in the country's financial services space, with the Aditya Birla group emerging among the biggest beneficiaries of this shake-out as it has attracted a large number of executives from other companies.
According to BofA-ML, lead indicators still point to six months of pain and it is not until the March quarter that growth is expected to recover to 6.5 per cent levels.
The Tata Consultancy Services offer price of Rs 775-900 is attractive from a long-term perspective.
Companies will struggle to maintain and enhance margins
Emerging Asia - China, India, Indonesia and Thailand - is fast becoming the main engine of growth in the Asia-Pacific region.
Equity stake, flexible terms attract talent from Wall Street firms to local peers.
PrathamUK, the London-based arm of India's leading educational charity, has crossed the £1 million mark in fund-raising efforts dedicated to eradicating illiteracy in India by 2010.
India's population of high net worth individuals shrunk 31.6 per cent in 2008, reversing a seven-year rising trend, a DSP Merrill Lynch and Capgemini report said on Thursday.
With hopes of economic recovery gaining momentum, the wealth of high net-worth individuals across the world are likely to touch a whopping $48.5 trillion by the year 2013, a survey says.
Investors must keep in mind that the bank has significant room for improvement, which could justify its aggressive valuations of Rs 275.
Overall, the positives in favour of ONGC seem to outweigh the negatives from a long-term perspective.
Unfortunately, there is no tried and true formula that transcends industries and business cycles. Tackle the problem in logical steps.
Suzlon Energy, one of the top five wind energy manufacturers in the world, plans to raise $500 million (Rs 2,000 crore) through the Qualified Institutional Placement (QIP) route to fund its expansion plans.
He may go through bankruptcies, but he couldn't be a savvier self-marketer.
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