Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
The maximum number of banks are from the US (74), followed by China (29) and South Korea (26).
"According to the global financial services major, though CAD at 3.2 per cent of GDP is significantly lower than the 4.8 per cent it registered in fiscal year 2012-13 ", it still remains higher than the 2.4 per cent of GDP that we estimate as the optimal current account deficit".
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
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GEM fund managers more overweight on India than ever before says Bofa-ML report.
OVL, along with Oil India Ltd, had in June agreed to buy Videocon Group's 10 per cent in the same block for $2.48 billion.
The Eclipse, with its vanilla and fruity palette, is easy to drink on the rocks, says Ritika Kochhar.
Budget this year has allowed PSBs to bring down govt stake to 51%
Gains in financial shares capped further downslide.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
Nandita Gurjar, Sanjay Purohit and Gautam Thakkar among "potential exit candidates".
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On June 27, the Cabinet approved a new formula that uses weighted average of the price of LNG into India and average price at major gas hubs.
The rupee will largely remain stable but with a mild depreciating bias in the next one year
'It is important that the prime minister and our officials here, we dedicate ourselves to that important goal, the concept of freedom of religion for all to worship their faith,' US Congressman Ed Royce tells Aziz Haniffa/Rediff.com
For growth sustain at these levels, private services need to recover.
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
At a time when major economies have increased spending, India will have to do the same.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
Demonetisation impact, earnings growth, central bank policies will get attention.
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
Adopting a wait- and-watch approach ahead of US Fed meeting
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
Simple, sharp and witty... P V Subramanyam offers 12 mantras to become a successful investor
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
RBI would get the comfort of meeting its 8 per cent January Consumer Price Index-based inflation target, BofA-ML said, adding that 'we expect the RBI to cut 75 bp in 2015 from February with inflation on course to 6 per cent in January 2016'.
The company buys distressed assets across the globe and turns them around to not only add to its books but also its product pipeline and regions.
Analysts expect the indices to dip further if the global macros do not stabilise
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The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
The budget has strong growth impulses and response of the economy is positive.
Vishal Sikka said such a plan is on the anvil.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
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.
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