Resolving NPAs key to banks' financing double-digit growth

The Indian economy is heading for interesting times. With the government trying to push key legislation like GST -- possibly on Aug 3 -- the future of the Indian economy is a topic on which a lot of consideration is presently being given. A recent World Bank report titled 'India Development Update-June 2016' sheds light on some of the pertinent aspects of the Indian economy.

Advanced Enzyme is a very exciting and unique story - ICICI Sec

Below is the views on Advanced Enzymes IPO Results By  Ajay Saraf, Executive Director, (ICICI Securities Ltd)

Advanced Enzyme is a very exciting and unique story with high entry barriers. The fact that the company has been able to maintain its dominant position in the enzyme industry with consistent healthy operating margins has attracted hi

Job creation will drive next phase of reforms

On the 25th anniversary of India's economic reforms, a general consensus seems to have emerged within the country and without that the next phase reforms must address what has so far eluded agreement among the principal stakeholders: land and labour. Make in India will not happen if these two main factors of production remain entangled in political one-upmanship.

The government ha

Measuring government services against its promises

In a remote hamlet of Sikkim, a young man has a new toilet built by his house. He no longer escorts his wife and children before sunrise to the bushes in the fields, standing guard to shoo away wayside dogs and local pests. "I don't feel like an animal any more," he says.

In India, more than seven in 10 rural people have no access to toilets. Of the one billion people in

Expectations of reforms, rains to support rupee

Expectations of political consensus on a major economic legislation, combined with above average monsoon rains and continued influx of foreign funds are expected to support the Indian rupee in the upcoming week.

"Strong FII (Foreign Institutional Investor) inflows, robust momentum in domestic equity markets, strong domestic macro theme supported by good monsoon and GST (Goods and

We maintain our Neutral rating on GlaxoSmithKline Pharmaceuticals Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on GlaxoSmithKline Pharmaceuticals Ltd 1QFY2017 Results By Ms. Sarabjit Kour Nangra (VP- Research Pharma, Angel Broking Pvt Ltd) 

 “For 1QFY2017, GlaxoSmithKline posted sales of INR 685cr V/s INR 700cr expected V/s INR 622cr in 1QFY2016, a YoY growth of 10.2%. The sales growth has been impacted on back of the pr

We maintain our Accumulate rating on United Phosphorous Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on United Phosphorous Ltd 1QFY2017 Results By Ms. Sarabjit Kour Nangra (VP- Research Pharma, Angel Broking Pvt Ltd) 

“For 1QFY2017, the company posted sales of INR 3,452cr V/s INR 3,205cr in 1QFY2016, a YoY growth of 7.7%. All markets, except the Indian and USA, which posted growth of 1% and 5% respectively, posted d

We maintain our Neutral rating on Housing Development Finance Corp Ltd by Mr. Siddharth Purohit - Angel

Below is the views on Housing Development Finance Corp Ltd 1QFY2017 Results By  Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd )

“HDFC Ltd reported marginal pick up in the business growth during the quarter with 14.9% growth in AUM. While this looks better than the growth witnessed in 4QFY16, it

Can Verizon deal revive Yahoo, expand jobs in India?

Most of us who thronged cyber cafes in the late 1990s and a little into 2000s for surfing the internet, checking emails, night-long chats and online dating (for some lucky souls, though) can never forget the initiation into the World Wide Web, thanks to Yahoo.

Yahoo Mail and Messenger were once the gospel for all -- be it teenagers, parents or teachers. Social media was yet to penetra

Chemistry between finance minister and RBI Governor crucial: Subbarao

 Considering the strained relationship between the government and the Reserve Bank of India chiefs, former RBI Governor D. Subbarao said there was no way out of it and a lot depends on the latter's chemistry with the finance minister.

“Both have the same objective of growth, but RBI looks at long term growth and government looks at short term growth that re

Innovation a driver of growth, prosperity

Carrying out innovations is the only function which is fundamental in history: J.A. Schumpeter

Innovation is a fascinating topic which can be looked from a variety of perspectives. These include, but are not limited to, the context of technological change, the viewpoint of economic growth, the aspects of corporate management and, most recently, the aspect of global potential of nation

We maintain our Neutral rating on ACC Ltd by Mr. Siddharth Purohit - Angel

Below is the views on ACC Ltd 2QCY2016 Results By  Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd )

ACC Volumes disappoints, while margins improved

“ACC reported INR 238 cr of PAT for 2QCY16; bottom-line has been little lower than expectations. The company seems re

We maintain our Neutral rating on Rallis India Limited by Ms. Sarabjit Kour Nangra - Angel

Below is the views on Rallis India Limited 1QFY2017 Results By Ms. Sarabjit Kour Nangra (VP- Research Pharma, Angel Broking Pvt Ltd) 

“For 1QFY2017, the sales of the company came in at INR 445cr V/s INR 415cr in 1QFY2016, a YoY growth of 7.2%. The onset of monsoon was delayed and the progress in June was sluggish leaving 11% deficit by end of the month

The upcoming week will be eventful on the earning front by Mr. Jayant Manglik- Religare Sec

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

Markets consolidated in the passing week on expected lines and ended unchanged, tracking mixed cues from both domestic and global front. Mixed earning announcements from several index majors and not so encouraging world markets kept the upside in check

We maintain our accumulate rating on Sanofi India Ltd 2QCY2016 Result By Ms. Sarabjit Kour Nangra - Angel Broking Pvt Ltd

Below the views on Sanofi India Ltd 2QCY2016 Result  By Ms. Sarabjit Kour Nangra (VP- Research Pharma, Angel Broking Pvt Ltd)

“For 2QCY2016 company posted robust results. On sales front, the company posted sales of INR 565cr, a YoY growth of 9.9%. On the profitability front, the company had gross margins of 50.5% V/s 48.3% in 2QCY2015, which enabled th

We have a Neutral rating on Axis Bank Ltd 1QFY2017 Results By  Mr. Siddharth Purohit - Angel Broking Pvt Ltd 

Below is the views on Axis Bank Ltd 1QFY2017 Results By  Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd )

“Axis Bank’s results were expected to be under pressure during the quarter; however the reported PAT of INR 1556 cr is much below our expectations, largely due to sharp rise in provisioning. However, i

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

Beloe is the views on HDFC Bank Limited 1QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)  
 
“HDFC Bank’s business growth during the quarter remained strong with loan growth of ~23%; this led to 22% growth in net interest income. Other income saw some moderation growing by only 14%. Whi