The average wholesale price inflation for FY14 will come at 5.3 per cent, while the consumer price inflation will average under 9 per cent, which would be a five-year low, the brokerage said.
The budget was negative for the FMCG sector.
Companies investing Rs 100 crore or more in plant and machinery during the period FY14 and FY15 will be entitled to deduct an investment allowance of 15% of the investment.
Indian paper industry is seeing good demand.
Growth in FY14 is expected to be around 15 per cent, down from 19 per cent last fiscal.
TCS is likely to hire hire 55,000 employees in FY15 .
Maruti Suzuki expects a pick-up in demand for petrol cars, even as the diesel segment continues to clock strong volumes. It is also trying to grow exports.
Referring to rise in bond yield after the RBI mid-term policy review, wherein it had cut repo rate by an expected 25 basis points, the report said the market interpretation of the RBI statement as hawkish with concerns raised on the resumption of bond supplies in April, are overdone.
Unsustainable CAD, sticky inflation & impact on pace of rate cuts all worries for FY14.
Market participants were cautious ahead of WPI data release tomorrow.
Positive for banking, infra, FMCG and real estate.
Morgan Stanley on Monday raised India's growth forecast for the current financial year to 5.4 per cent from 5.1 per cent projected earlier citing better than expected GDP growth in the September quarter and stabilisation in non-agriculture growth indicators.
Global brokerage Nomura has increased its one-year target of benchmark BSE Sensex to 30,310.
Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
The estimates from Crisil come at a time when the economy has witnessed a a downward revision of growth estimates by analysts for a better part of the ongoing fiscal because of troubles on the global and domestic front.
French bank BNP Paribas' wealth management arm said it expects the economy to expand by 4.3 per cent this fiscal and the growth to pick up and touch 5.1 per cent in FY15.
Inflation is likely to drop to 5.4 per cent in FY 2014.
Converts part of fixed salary component into variable one
Analysts expect Wipro's revenue to grow 17 per cent this financial year, largely in line with its FY12 performance. Profits are expected to grow 14 per cent, compared to FY12.
The rise in govt benefits has pushed the fiscal deficit to 4.5 per cent.
The new-age lender, amongst the last of the banks to be granted licences, will invest up to Rs 25 crore (Rs 250 million) and enter the highly competitive fray in early FY14, sources said.
Expectes RBI Governor to announce 0.25 per cent rate cut.
Narendra Modi is one of the least affluent ministers in the Union Cabinet.
The problem is actually acute in the diamond jewellery industry where there is no uniform criteria of inventory valuation unlike gold, whose prices are uniform and widely quoted.
Mumbai, May 14 (PTI) The massive spike in trade deficit caused by sharp rise in gold imports in April would not sustain and there is no need to get excessively worried over the data, analysts have said. They also said the current account deficit or the difference between the foreign exchan ...
CSD was created to provide easy access to quality products of daily use, at prices less than market rates to the soldiers, ex-servicemen and their families
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
Better margins, lower interest outgo could see the company turn profitable in FY15.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Investor folios exceed 2 million, assets more than double since FY14.
For growth sustain at these levels, private services need to recover.
Some make for good investment ideas even after a strong run-up but others could see gains fizzling.
Tech major's shareholders will receive total dividend of Rs 15,474 crore in FY15
Analysts welcomed the better Q2 GDP readings of 4.8 per cent, which came in above their expectations, but warned that the planned expenditure cuts by the government will be the key thing to watch out going forward.
According to the report, export-oriented sectors like IT services, pharmaceuticals and textiles will, in aggregate, report EBITDA margin expansion of nearly 100 bps, while margin is likely to decline by about 50 bps for other sectors during this period.
The bank's net profit on standalone basis was Rs 2,652 crore (Rs 26.52 billion) in the forth quarter of the 2013-14 fiscal, up 15.01 per cent from Rs 2,304 crore (Rs 23.04 billion) in the year-ago period, ICICI Bank said in a statement.
TCS MD talks about demand environment, margin outlook and the growing number of its employee base.
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