After years of eager anticipation, the mobile revolution is now truly moving ahead.
The aggregate value of overall FII holding is an estimated $240 billion.
With retail inflation surprising on the upside, the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) is expected to increase the repo rate by 35-50 basis points (bps) in the review scheduled for September 28-30. According to economists, the central bank will continue to focus on bringing inflation down even though economic growth has remained sluggish. Data released by the government on Monday showed that the consumer price index (CPI)-based inflation increased by 7 per cent year-on-year (YoY) in August, thus, staying above the upper tolerance limit of the central bank for all the eight months of 2022.
With growth rates slowing and global concerns not abating, the Street is increasingly becoming worried about rising stress levels for corporate India.
Many years during which monsoons were poor saw high returns, while normal or excess rainfall has also coincided with poor calendar year gains.
Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and as per the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India's strong "macroeconomic fundamentals", Modi said while virtually addressing the inaugural function of the 7th edition of Invest Madhya Pradesh-Global Investors Summit in Indore. In the past eight years, the government has increased the speed of reforms and removed many hurdles in the way of investments.
With gold prices rising and debt holding steady, fund houses have launched multi-asset funds for passive customers who are not so nimble while churning their portfolios.
The company's investments in telecom business reached 15-20% of capital employed.
The ugly underbelly of the policies of economic liberalisation followed over the last two decades has been crony capitalism at its worst.
Jayesh Gandhi, executive director, Morgan Stanley Investment Management in an interview with Business Standard, says Indian equities continue to remain a long-term bull story based on the growth prospect for the country and, hence, in a way cannot be ignored by global investors.
Market participants were cautious ahead of WPI data release tomorrow.
Bhartiya Janata Party patriarch Lal Krishna Advani has picked up for his blog this week a new book by the US-based Morgan Stanley executive Ruchir Sharma that identifies "graft driven inflation" and "crony capitalism" among the weaknesses and difficulties that can be a damper for India's high expectations.
A person familiar with the matter said the deal could be finalised in a month.
With their home markets in turmoil, large global investors such as Blackstone, Carlyle, Morgan Stanley, JP Morgan and the Government of Singapore Investment Corporation are actively scouting for and signing deals in the Indian property sector.
Indian markets started 2012 on a positive note. Ridham Desai, managing director and strategist and head of India equity research, Morgan Stanley, says, he expects a 15 per cent upside in the Sensex this year.
He says he has tremendous expectations from RIL's broadband digital services business.
The markets ended lower amid a volatile trading session on Monday after profit taking was seen across the board because of growth concerns.
The India story is on a roll. The country's benchmark indices are on their way to touching historical highs, aided largely by inflows from foreign institutional investors. But Ridham Desai, managing director, Morgan Stanley (India), still thinks there's "some reticence" in FII participation.
The biggest losers on the National Stock Exchange's benchmark Nifty 50 index are stocks that have seen the highest turnover over the past 12 months, according a report by Morgan Stanley.
Urbanisation is a core component to the process of city formation and building out India's competitive strength in the global markets.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
Foreign institutional investors have offloaded shares worth nearly Rs 3,000 crore (Rs 30 billion) in 23 Indian companies, such as mortgage lender HDFC and Bombay Dyeing, among others, so far in 2011.
Analysts are bullish on consumption and investment themes.
Finance Minister Pranab Mukherjee is slated to present the Budget on February 26.
Sensex has lost almost 1,500 points since December 31, 2014.
If the latest strategy reports of some leading foreign institutional investors (FIIs) are anything to go by, then the outlook for the Indian equity market appears bleak. This is, despite section of experts pitching for the current attractive valuations.
In the mid-year monetary policy review on Tuesday, RBI, left the key interest rate unchanged but reduced cash reserve ratio by 0.25 per cent to infuse additional liquidity of up to Rs 17,500 crore (Rs 175 billion) into the system.
J M Morgan Stanley Pvt Ltd said ECE Industries Ltd will buy back 14,33,278 shares of face value of Rs 10 each or 25% at Rs 30 per share totaling Rs 42.998 million from the open market.
The research also suggests that they are willing to cut their savings to retain their expenditure growth at previous year's levels.
The first issue is inflation, which has been widely discussed. The government is now rightly working on reversing fiscal and monetary stimulus to manage the inflation pressure.
With India's stock markets being one of the best performing among the emerging markets, a number of global pension funds are planning to make India-specific allocations.
The defence minister also took an indirect dig at Gandhi for "doubting" the government's intention in the handling of the border row with China and said politics can not be done on the basis of "falsehood".
Food ordering platform Zomato, whose Rs 9,375 crore IPO opens on July 14, is planning to launch a grocery section on its app soon, a senior company official said. The company recently invested USD 100 million (around Rs 745 crore) for acquiring a minority stake in grocery delivery platform Grofers. "It (grocery) is a large opportunity. The online grocery is nascent right now but is growing rapidly not just in India but across the world... "We are actively experimenting in that space and recently invested $100 million for a minority stake in Grofers, with the idea of getting more exposure to that space and building our strategies and plan around that business," Zomato CFO Akshant Goyal said.
Many get confused between investing in equities and equity mutual funds. They think equity funds are the same as equities or stocks
Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
They own 27.5% in top 75 listed firms; investments bounce back after falling two straight quarters
Even though stocks may remain volatile in the run-up to the polls, as political parties stitch up alliances, the long-term trajectory for the markets remains bullish.
Morgan Stanley expects RBI to cut rates sharply rather than "dribble down".
Loses notional value by 37.5% because of markdowns by investors
