India`s infrastructure output grows 4.7% in October - Equirus Sec

India needs INR 50-lakh crs for infrastructure projects over five years, says FM Jaitley

The Finance Minister Arun Jaitley has urged the industry to enhance investment in infrastructure sector over the next two decades, if India has to graduate into a middle income economy. The FM pointed out that there is a requirement of a whopping INR 50-lakh crs i

Unlocking real estate value in the current scenario

As lenders and borrowers in India grapple with heavy debt levels, asset sales have been a strategy used to pare debt levels by conglomerates.

We think one aspect of asset sales that needs even greater focus in India is for corporations to realise that selling real estate is an alternative to using the capital markets for share or debt issuance. This "unlocking of real estate valu

Analysis:- Bubble or breakthrough? Bitcoin keeps central bankers on edge

By Francesco Canepa

FRANKFURT - Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.

But it keeps them awake at night because these private currencies threaten their control of the banking system and money supply, which could undermine the monetary policies they use to manage inflation.

With bitcoin smashing throu

IIP & CPI Review - Emkay

Oct’17 IIP eased to 2.2%, against our expectations of 2.0%, largely dragged by the continued decline in the consumer durables production. The consumption pulse in Oct’17 remained weak, despite concrete efforts taken by the government to improve the rural economy. Although capital goods momentum witnessed an uptick on yoy basis, it is partly attributable to lower base. We believe, le

A blockbuster year of equity issuance - Motilal Oswal

A blockbuster year of equity issuance

BFSI accounts for the lion’s share in fund raising

* It has been a spectacular year for the Indian IPO market, with equity issuances across categories increasing ~2.5x over the previous year. This can primarily be ascribed to the optimistic market mood and strong f

Expert Views: November consumer inflation accelerates to 4.88 percent

MUMBAI  - India's annual retail inflation accelerated in November to a 15-month high of 4.88 percent, much stronger than the 4.20 percent expected by analysts, driven mainly by faster rises in prices of food and fuel products.

A. PRASANNA, ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP, MUMBAI

"Both headline and core CPI were a

It`s best to steer clear of Bitcoins lest the bubble bursts

It is impossible to make sense of the Bitcoin-mania that has been making waves of late.


In just a span of one year, the crypto-currency has doubled four times. The price of one Bitcoin in early January was $1,000 (almost Rs 64,000). It rose to $2,000 by May. In August, it breached $4,000. By late November, it was $8,000 and, two weeks later, it had crossed $16,000. Nothing sho

Nifty Event Strategy - Religare Sec

December series has started on a muted note in terms of open interest in both the leading indices, i.e Nifty and Banknifty futures. This implies indecisiveness among market participants with the month holding major events like the Gujarat Elections and US Federal reserve meet.

December being a LEAP option month (a month where the option liquidity is high and active even 3 months befor

India`s economy expected to grow at 7.5% in 2018:Nomura

Global investment bank Nomura has predicted India's economy to register a 7.5 per cent growth rate in 2018, saying it is on the cusp of a cyclical recovery. India's Gross Domestic Product (GDP) growth bottomed-out in the second quarter of 2017 at 5.7 per cent year-on-year, rising to 6.3 per cent in the third quarter, it said. It has forecast 6.7 per cent in the fourth quarter and a full

Bitcoin: Tread with caution

 George Soros, the legendary hedge manager, once said that in the financial markets, it doesnt matter whether one is right or wrong: What matters is how much money one makes when right and how much one loses when wrong.


Investors who managed to catch Bitcoin early look like geniuses and those calling for a crash within a short time frame will also look like market gurus i

Macro-data, parliament session to steer equity indices

Upcoming macro-economic data points, coupled with the commencement of parliament's winter session and global cues, especially crude oil prices, are expected to determine the trajectory of the key equity indices in the coming week.

According to market observers, other factors like the expectations on the outcome of the Gujarat assembly elections, along with the direction of foreign

India losing comparative advantage in leading export sectors

In a massive relief to Indian exporters, the government announced liberal incentives of Rs 8,450 crore ($1.3 billion) in its mid-term review of the five-year foreign trade policy (FTP) that was rolled out in 2015 and aimed at increasing the export of goods and services to $900 billion by 2020. Exports, meanwhile, declined from $468 billion to $437 billion between 2014-15 and 2016-17.

Moody`s assigns Baa3 to ICICI Bank`s USD note drawdown

Moody's Investors Service, a global rating agency, has assigned a Baa3 rating to ICICI Bank Limited's proposed USD denominated senior unsecured notes, issued under its USD 7.5 billion Global Medium Term Note (GMTN) program. “The drawdown will be carried out from its Dubai branch, and the bonds will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST),” sai

RBI`s decision to rationalize the merchant discount rate

Below Is The View On  RBI`s decision to rationalize the merchant discount rate By  Mr Loney Antony, Managing Director, Hitachi Payment Services 

 

“ We welcome RBI’s decision to rationalize the merchant discount rate (MDR) yesterday. The new MDR will increase acceptance of debit cards particularly among sm

India Inc, investors disappointed with RBI`s status quo on lending rates

New Delhi/Mumbai - India Inc and investors on Wednesday expressed their disappointment over the Reserve Bank of India's (RBI) decision to maintain the status quo on key lending rates during its fifth monetary policy review of 2017-18.

"Ficci is disappointed with the RBI's decision to hold on to the policy rate at the current level. A downward re

View on RBI Policy By Mr. Arvind Chari

Below Is The View on RBI Policy By Mr. Arvind Chari, Head-Fixed Income & Alternatives, Quantum Advisors.

“The RBI continues to remain on hold and their confidence on the growth recovery is reflected in the market expectations of no further rate cuts.  We found this RBI statement to be bit more balanced than the one in October where they

Expert Views: RBI holds repo rate at 6 percent

The Reserve Bank of India kept its policy rate unchanged at a more than seven-year low of 6.00 percent on Wednesday after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus.

 

COMMENTS:

GOVIND SANKARANARAYANAN, CHIEF OPERATING OFFICER - RETAIL BUSINESS & HOUSING FINANCE,

Bitcoin: Approaching the `big short` moment?

Investors everywhere (this is not a problem specific to India) are notorious for jumping on the newest, shiniest bandwagons without necessarily understanding what lies underneath the hood.

What is a problem specific to India is the dichotomy of its burgeoning investor community lining up with alacrity for their golden tickets, without any semblance of a safety net to catch them if the

India Strategy - Rational Market - ICICI sec

Cautious expectations and stabilising growth are positive for Indian equities: Nifty50 hit the 10k mark in Jul’17 defying valuation concerns, which incidentally coincided with weak Q1FY18 results followed by the Q1FY18 GDP print of 5.7%. Q2FY18 has revived GDP growth rate (6.3% YoY) and corporate earnings outlook though worries around elevated oil prices and likelihood of the Central gove

Auto Volumes Nov 17- Favourable base - Prabhudas Lilladher

November 2017 volumes for all automobile companies across segments registered a strong growth, albeit on a low base (as Nov’16 was impacted by demonetisation), coupled with post festive season inventory re‐filling at the dealer level. While there was growth across segments, surge in CVs was particularly strong. With recovery in rural demand and positive consumer sentiment, supported by

Bleak prospects for Indian economy for next few quarters

The much-awaited second quarter gross domestic product (GDP) figures were released last week. It must have come as a relief to the Modi government that economic growth is finally on the upswing. After five successive quarters of decline, growth inched up to 6.3 percent in the July-September quarter after hitting rock bottom at 5.7 percent in the previous quarter. There was a mild sentiment of e

Fitch lowers 2017-18 growth projection to 6.7%

 International ratings agency Fitch on Monday lowered the country's GDP growth projection for 2017-18 to 6.7 per cent.

According to Fitch's December Global Economic Outlook (GEO), the global ratings agency reduced the growth forecast for the fiscal year to end-March 2018 (FY18) to 6.7 per cent from 6.9 per cent.

"The Indian economy picked up in 3Q17, with G

Regulatory regime for airports still evolving: Moody`s

Rating agency Moody's has said that the regulatory regime in India for airports is still quite new and evolving, posing credit challenges for the aerodromes. Moody's Investors Service further said it expected large airports in India to bring forward plans to expand capacity to meet the growing demand.

With high double-digit growth in domestic air traffic for the past couple of

CPI inflation to rise in coming months driven by economic recovery: Experts

CPI inflation is expected to firm up in the coming months driven by a cyclical recovery in the economy and further implementation of pay commission-related hikes by states, according to experts. Price pressures have been relatively subdued in the early part of the calendar year, as weak demand conditions and demonetisation program weighed on inflation. However, going forward, Consumer Price Ind