ANALYSIS - Pain before gain for Indian banks after Modi`s cash gamble

By Devidutta Tripathy and Manoj Kumar

MUMBAI/NEW DELHI - India's shock move to abolish high-value banknotes was expected to deliver a windfall to lenders, and banks have indeed seen coffers swell after people deposited 12.4 trillion rupees($183 billion) in cash into the system.

But while banks may benefit in the longer term, so-called "demoneti

We’ve hardly witnessed any change in the prevailing negative sentiments - Religare Sec

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

The passing week turned out to be a disappointing one for the equity markets, taking cues from the recently concluded US Fed meet.  The market tone was negative from the start, mainly in reaction to sharp decline in II

Raising compliance bar to battle fraud and corruption in 2017, says EY

The demonetisation drive, introduction of new regulations such as the Bankruptcy Code and push toward a digital economy could quash fraud and corruption by raising compliance standards even though these moves have had impact on businesses and consumers, according to a report.

Forensic Outlook 2017, released by EY Fraud Investigation and Dispute Services on Thursday, has highlighted ke

Fed Policy is slightly hawkish by Mr Ajay Bodke - Prabhudas

Below is the Quote on Fed Policy by Mr. Ajay Bodke, CEO & Chief Portfolio Manager - PMS, Prabhudas Lilladher Ltd

Fed Policy is slightly hawkish as indicated by 3 rate increases expected in 2017 v/s 2 rate increases expected in Sept's statement.​ It appears to be Fed's response to the incoming administration's stated pursuit of strong reflationary pol

December quarter growth may slip to 5.5-6% on demonetisation: BofA-ML

India’s economic growth may slip to 5.5-6 per cent in the current quarter as demonetisation is expected to hurt production during November-December, says a Bank of America Merrill Lynch report as per the PTI.

“We expect demonetisation to hurt production in November-December. Each month of disruption hits growth by 0.3-0.5 per cent of GDP,” BofA-ML said in a research

The recent fall in gold prices provides an opportunity to build your desired portfolio allocation by Mr Chirag Mehta - Quantum AMC

Below is the views on  Gold Outlook by Mr. Chirag Mehta  Senior Fund Manager - Alternative Investments Quantum Gold Fund, Quantum Gold Savings Fund, Quantum Multi Asset Fund & Quantum Equity Fund of Funds 

Gold markets suffered their worst blow in last 3 years as prices fell by 8.1% to $1173 an ounce reducing the YTD increase to just

We expect the debt markets to be range bound in the coming month by Murthy Nagarajan - Quantum AMC

Below is the views on DEBT Outlook by Mr. Murthy Nagarajan Head – Fixed Income Quantum Liquid Fund & Quantum Dynamic Bond Fund 

The month of November saw the Indian bond yields move in a diametrically opposite direction compared with the global bond markets. The change in direction of yields started on November 08, 2016, with the unfolding of two import

Demonetization has led to disruption of business activity and can impact GDP growth in the short term by Atul Kumar - Quantum AMC

Below is the Views on Equity Outlook  by Atul Kumar, Head Equity Funds Quantum Long Term Equity Fund & Quantum Tax Saving Fund

In November 2016, the S&P BSE Sensex fell by 4.56% on total return basis. Mid-cap and small-cap stocks, which were doing quite well earlier, registered greater decline during the month. S&P BSE Mid Cap Index fell 6.68%, while

We feel sentiments are still weak on local front - Religare Sec

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

Markets gained over two percent in the eventful passing week, providing the much needed respite to participants. All eyes were on Monetary Policy Committee meeting from the beginning and announcement of unchanged stance on key ra

Will make India net exporter of fighter aircraft: Saab

Swedish aerospace major Saab says it would set up a brand new production line in India if it wins an Indian Air Force (IAF) contract for single-engined combat jets and would make the country a net exporter of such fighters -- once the necessary procedures are in place.

"I think we are the only one right now who is developing brand new next-generation fighters. Even if we are sing

India inflation likely cooled further in November after cash clampdown: Reuters poll

By Krishna Eluri

BENGALURU - Indian inflation is expected to have cooled to a 14-month low in November after Prime Minister Narendra Modi's surprise removal of high denomination bank notes caused an intense cash shortage and severely hurt consumption, a Reuters poll found.

Modi's announcement on November 8 that he was withdrawing 500 and 1,000 r

Rate Cut gets delayed, rate sensitive stocks to remain under pressure by Mr. Dinesh Thakkar - Angel Broking

Below is the views on Fifth Bi-Monthly Monetary Policy By Mr. Dinesh Thakkar (Chairman & Managing Director, Angel Broking) 

"With inflation under control and expectations of an economic slowdown post demonetisation we as well the stress had factored in a 25 bps rate cut. However, RBI seems to be worried on inflation spiking up due to rising crude oil pri

RBI says no notes shortage, outside Delhi hundreds face job losses

Around 8.30 every morning, hundreds of workers arrive at the main bus depot in Noida Phase II, about 30 km from New Delhi. They fan out into the lanes of the neighbouring hosiery complex. With nothing more than a tiffin box in their hands, they begin their daily job hunt.

Almost every factory gate has a board proclaiming "Avashyakta hai (wanted)". It lists the daily

RBI unexpectedly keeps rates unchanged as cash crunch roils economy

By Suvashree Choudhury and Rafael Nam

MUMBAI (Reuters) - The Reserve Bank of India (RBI) unexpectedly kept its key policy rate unchanged at 6.25 percent on Wednesday, despite calls for action in the face of an intense cash shortage that threatens to slam the brakes on the world's fastest growing large economy.

The RBI's monetary policy committee voted 6-0 to leave th

Indian stock market outlook downgraded as banknotes ban hits economy - Reuters poll

BENGALURU  - Sensex is expected to rise next year but it may not scale record highs predicted a few months back, a Reuters Poll showed, mainly because Prime Minister Narendra Modi's shock currency ban is seen knocking economic growth in the next few quarters.

Indian shares fell over 6 percent a day after the Nov. 8 announcement by Modi outlawing high-value ba

Jayalalithaa: A shy actress who became Queen of Tamil Nadu

She was a shy girl when she first stepped into the movie world. Decades later, by when she was one of the most popular actors in Tamil, Jayalalithaa became a colossus in Tamil Nadu's politics, one who dreamt of playing a larger national role too.

Jayalalithaa, who died on Monday night after a 74-day battle for life, was a politician par excellence, a Brahmin woman who reached the

How Narendra Modi changed (and changed) the demonetisation narrative

Prime Minister Narendra Modi addressed the nation on November 8, 2016 to announce the withdrawal of Rs 500 and Rs 1,000 notes.

The speech (in English) lasted 25 minutes. The Prime Minister uttered the phrase "black money" 18 times in this speech. He mentioned "fake currency" or "counterfeit" five times in the same speech.

It was unambigu

The prevailing situation on domestic front seems very - Religare Sec

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

Markets ended flat amid volatility in passing week, tracking mixed domestic and global cues. Demonetisation and its impact on economy remained the main talking point in market as several domestic and global agencies have reworked

RBI may hike interest rate by 50 bps on December 7: HDFC CEO

 At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may increase the main interest rate by 50 basis points, feels Keki Mistry, Vice Chairman and CEO of HDFC.

In an interview to BTVi, Mistry said: "My sense is that in the RBI policy, I would expect to see an interest rate reduction. I wou

Reuters poll - Rupee's slide from outflows, demonetization likely near end

By Sumanta Dey

BENGALURU  - The rupee's recent slide from capital outflows as well as a controversial government move to withdraw high-value currency notes from circulation has mostly run its course, a Reuters poll found on Thursday.

The rupee has weakened more than 3 percent in recent weeks to record lows, pressured by a U.S. dollar rally, capital

Expert Views - OPEC reaches first deal to cut oil output since 2008

LONDON - The world's largest oil exporters agreed on Wednesday to cut output for the first time in eight years to erode a global supply overhang that has persisted for two years and halved the value of a barrel of crude.

The Organization of the Petroleum Exporting Countries said it would agree to limit crude oil output to a maximum of 32.5 million barrels per

India GDP growth likely picked up in July-Sept but cash crackdown clouds outlook: Reuters poll

By Vartika Sahu

India's economy probably picked up steam in the July-September quarter on strong demand, but Prime Minister Narendra Modi's surprise currency crackdown this month will likely dent growth in coming months, a Reuters poll found.

While developed economies have wallowed in lacklustre activity, Asia's third-largest economy has maintained a resilient pa

Guwahati has potential to be major airline hub: SpiceJet chief

 With support from the state government, Guwahati, Assam's main city and the gateway to India's northeast, has the potential to become a major airline hub, says budget carrier SpiceJet's Chairman and Managing Director Ajay Singh.

Singh feels that because of the northeast's strategic location, it can also become a major airline cargo hub and generate hundreds of jo