We feel markets will maintain its positive tone till Nifty holds above 8450 - Religare Sec

Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd  

It’s been a fabulous week for the bulls as Nifty gained three and half percent and closed around the week’s high, tracking upbeat earning announcements and supportive global markets. Besides, short covering of the der

Why India`s canals could help fast-forward its solar energy plans

Mehsana (Gujarat): As far as the eye can see, line after line of solar panels stretch out in the midday sun beating down on the village of Chandrasan here in this eastern Gujarat district, which squeezes in 80 more people per sq km than Indias already crowded average of 441.


But there is no land conflict involved with the Chandrasan installation because the solar panels unfurl

We maintain our Reduce rating on Indoco Remedies Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on Indoco Remedies Ltd 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)   

“Indoco Remedies posted numbers lower than expectations. In sales, the company posted revenues of INR 272cr V/s INR 276cr expected V/s INR 255cr in 3QFY2016, growth of 6.9% YoY. The low growth was on back of the formulation

We retain our Buy rating on Amara Raja Batteries Ltd by Mr. Shrikant Akolkar - Angel Broking

Below is the views on Amara Raja Batteries Ltd 3QFY2017 Results by Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking)

“Amara Raja Batteries Ltd (ARBL) reported 9.6% growth in net sales to INR 1,328 cr and 18% decline in net profit to INR 112 cr. Company reported steep decline in gross margins as lead prices moved sharply in Decembe

Demonetisation affected repayment of auto loans: Fitch Ratings

Global credit rating agency Fitch Ratings on Friday said repayment of Indian auto loans got affected by demonetisation and it would take a couple of months for collections to come back to normal levels.

In a statement, Fitch said: "Demonetisation appears to have had a negative impact on Indian auto loan repayments, based on collection reports from Fitch-rated securitisation trans

We maintain our Buy rating on Wipro Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on Wipro Limited 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)  

“Wipro posted results below expectations, it posted IT services revenues of US$1,903mn V/s US$1,919mn expected and V/s US$1,916mn in 2QFY2017, a QoQ de-growth of 0.7%. Revenue in Constant Currency (CC) came at 0.6% QoQ. In rupee terms,

ELSS Mutual Fund: TAX Saving Tool

What is ELSS?

ELSS is a type of diversified equity mutual fund (MF), which is qualified for tax exemption under section 80C of the Income Tax Act. Since it is an equity fund, returns from an ELSS fund reflect returns from the equity markets.

 

Growth or Dividend Option?

ELSS funds have both Dividend and Growth o

We maintain our Accumulate rating on HDFC Bank Ltd by Mr. Siddharth Purohit - Angel Broking

Below is the views on HDFC Bank Limited 3QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)

“HDFC Banks’s results for the quarter were broadly in line with expectations. While PAT growth of 15% YoY looks lower when compared to the historical trend of HDFC Bank, given the slow down due to demonetization the result

Budget 2017: The school education crisis - and opportunity

Budget 2017 is an opportunity for the government to concentrate on improving school education for over 260.5 million children who enrolled in elementary and secondary school in 2015-16 -- children who will form the core of Indias working-age population, one billion by 2030, the largest in the world.

"Business as usual" will not solve the problem, submitted Pratham, an educat

`Faulty financial model responsible for poor railway infrastructure`

Initial inquiry reports of recent rail accidents may point to sabotage, but a former Railway Minister and officials held the "faulty financing model" and delay in implementing the required technological measures responsible for the poor infrastructure of the railways that may also be responsible for some train accidents.

As former Railway Ministers in the last decade, Lalu P

Demonetisation: Farm to loom, textiles totter

Mumbai, Bhiwandi & Ahmedabad: Since the turn of the century, Bhiwandi -- once called the Manchester of Asia -- has wilted against competition from Bangladesh and Vietnam. Bhiwandi holds more than a sixth of India's 6.5 million power looms -- machines that manufacture fabric from yarn.


A congested city of about 1.5 million, 30 km north of Mumbai, it was once a key link

US President Trump's assertion by Ajay Bodke- Prabhudas

US President Trump's assertion that  "We will follow 2 principles BUY AMERICAN & HIRE AMERICAN" is an unambigious signal of the start of a new era of fierce protectionism for American jobs & trade as well as isolationism. A Trumpian view that looks at global trade & commerce and geo-strategic alliances as a zero sum game with losers & winners as against a win-

Interview: India's top bank SBI eyes up to $1.5 billion capital raising next fiscal year

By Angeline Ong and Sujata Rao

DAVOS, Switzerland - India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to $1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks.

In an interview with Reuters on the sidelines of the World Economic Forum

We maintain our Accumulate rating on Yes Bank Ltd by Mr. Siddharth Purohit - Angel Broking

Below is the views on Yes Bank Limited 3QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)

“Yes Bank positively surprised for the quarter with a 30.6% growth in bottom-line. Loan growth of 38.7% was much higher than expected. Despite aggressive growth in loan book the bank has been able to maintain a very stable asset

We maintain our Buy rating on Axis Banks Ltd by Mr. Siddharth Purohit - Angel Broking

Below is the views on Axis Banks Ltd 3QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)

“Axis Bank’s results for the quarter were below expectations on account of higher provisions. However, the good part is that slippages for the quarter remained lower QoQ and the overall watch list got reduced. We believe tho

Less optimistic than markets about top Indian companies: Fitch Ratings

Ratings agency Fitch has said it is less optimistic than the markets in its growth projections about top Indian companies.

According to Fitch Ratings and India Ratings and Research which is part of the Fitch Group, they are less optimistic in their projections for the 27 Indian corporates they publicly rate compared with Bloomberg consensus estimates (BEst). 

"BEst

Demonetisation effect: Too many vegetables, too little money

Sunil Kumar, a 31-year-old farmer in Tondala village, Kolar district, 85 km east of Bengaluru, lost Rs 300,000 in November when tomato prices crashed due to the demonetisation earlier that month and the excess supply of vegetables.


Kumar, who cultivates tomatoes on his five-acre farm, said he made a profit of Rs 30 lakh during the same time last year.

The 110 per cen

India`s cash crunch seen biting into economic growth - Reuters poll

By Krishna Eluri

BENGALURU - India's economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi's ban on high-value notes hurt consumption and businesses but it is set to pick up this quarter, a Reuters poll found.

Having posted growth of above 7 percent for six consecutive quarters, India's gross domestic pro

UN doesn`t see serious, long-term impact to Indian economy from demonetisation

The UN does not see a serious, long-term impact on India's economy from the demonetisation, although it will have a short-term effect because of reduced consumer spending, according to an official monitoring the global economy.

"We don't think it should have a long-term impact," Dawn Holland, a senior economic affairs officer with the UN Global Economic Monitoring Un

Expert Views: Reaction to Brexit speech by PM Theresa May

LONDON - Britain will leave the EU's single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit".

She said the government would put the final deal to a vote in both houses of parliament.

Following are some initial reactions to her sp

RBI may consider a rate cut in first half of this year: DBS

The Reserve Bank of India is expected to go for a rate cut in the first half of this year, largely owing to 'below estimate' inflation, says a DBS report. Rising prices of petrol and diesel fuelled WPI inflation to 3.39 per cent in December 2016. According to the global financial services major, the WPI readings are likely to head towards 4 per cent in the first quarter of this year fro