Preview: Indian inflation seen cooling to one-year low in September

By Anu Bararia

BENGALURU  - Inflation in India is expected to have cooled to a one-year low in September as good monsoon rains kept a lid on food prices, a Reuters poll showed, possibly giving more room to the central bank to cut rates again by the end of this year.

The recently formed Reserve Bank of India Monetary Policy Committee, under new Governor

Interview: India eyes merger of two big state-run banks after debt cleanup

India may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live.

Consolidation of India's public-sector banks would represent a final step in rebuilding a financial system capable of underwriting credit gro

Exclusive: India bad loans mountain grows, risks delaying bank clean-up

MUMBAI - Stressed loans in India's banking sector crossed $138 billion in June, central bank data reviewed by Reuters shows, an increase of nearly 15 percent in just six months that suggests a state clean-up effort will take longer and cost more than expected.

Fixing the mountain of bad debt weighing down India's banks is vital for Prime Minister Narendra Mod

Jio’s Pace of Enrolment Set a World Record - Dynamic Levels

The latest telecom operator in India, Reliance Jio Infocomm was delighted to inform that its subscriber base exceeded 16 million customers within a month of its launch. The pace of enrolment set a world record. Jio attained this growth faster than any other telecom operator or startup in the world, including the likes of Facebook, Whatsapp, and Skype.

 

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Markets are currently in consolidation phase - Religare Sec

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

Markets managed to end with decent gains in passing week amid mixed cues. First of all, easing off geopolitical tension between India and Pakistan relieved the markets to some extent, but the actual boost came in with upbeat core

Consumer durables makers expect 20% festive season sales uptick

Kolkata, Oct 8 Expecting to garner over 20 per cent growth in sales during the festival season, consumer durables manufacturers are focusing on new launches, higher spending on marketing and innovative offers.

"The industry is optimistic as companies on average have increased their marketing budgets by as much as 10 per cent this year. Consumer durable companies

Jio Hands Out 15% Salary Hikes to Its Top Performers - Dynamic Levels

Jio, telecom arm of Reliance Industries, has handed out up to 15 per cent salary hikes to its top performers in a bid to keep a firm grip and hold on to its best talent even as its countrywide 4G operations improve at a quicker rate. Jio has increased salaries of the top performers among both junior and middle level managers by 15 per cent while highfliers among the senior executives, in the le

India can benefit from China`s manufacturing experience

New Delhi, Describing India and China as "two rare bright spots" in the context of a global economic slowdown, NITI Aayog Vice-Chairman Arvind Panagariya on Friday said there is much scope for India to benefit from the Chinese experience in manufacturing, towards transforming India into a modern urban economy.

"Despite a decline in growth rate, China co

Exclusive: Qatar won't sell Deutsche Bank shares, might buy more - sources

DOHA/FRANKFURT - Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider buying more if the embattled German bank decides to raise capital, sources familiar with Qatari investment policy told Reuters.

Funds controlled by Qatar's former Prime Minister Sheikh Hamad bin Jassim al-Thani bought 6.1 percent of Deut

Remittances to India likely to drop in 2016: World bank

New Delhi, Remittances to India are likely to see a drop of 5 per cent in 2016 at $65.5 billion due to impact of declines in commodity prices on resource-rich economies, a World Bank report has said.

"In 2016, remittance flows are expected to decline by 5 per cent in India and 3.5 per cent in Bangladesh whereas they are expected to grow by 5.1 per cent in Pakist

RBI's likely stance on monetary policy by Mr. Ajay Bodke - Prabhudas

Below is the views on RBI's likely stance on monetary policy by Mr. Ajay Bodke, CEO & Chief Portfolio Manager - PMS, Prabhudas Lilladher Ltd

In our view RBI would refrain from cutting rates in its meeting today though the consumer inflation has been trending down for the last few months and is well within RBI’s comf

EXPERT VIEWS: RBI's monetary policy panel pares rates as Patel takes stage

REUTERS - India's newly appointed monetary policy committee delivered a surprise 25-basis-point cut in the repo rate to 6.25 percent on Tuesday, as Reserve Bank of India Governor Urjit Patel presided over his first policy review since his appointment last month.

The repo policy rate is now at its lowest since November 2010.

COMMENTARY:

We feel volatile swings will continue in short run - Religare Sec

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

Markets slipped over two and half percent in the passing week, citing geo-political concern between India and Pakistan post Indian Army’s surgical strikes against terrorists across the border. Sentiments were downbeat from t

All Eyes set on October 4th RBI Monetary Policy Verdict - Dynamic Levels

It was only recently that the New RBI Governor Urjit Patel took over the baton from Raghuram Rajan with some priority areas at hand for his immediate attention. The inflation was needed to be put on track immediately as the market are expecting softer policy rates from him as the commodity price cycle turns favorable with the better rainfall.

Although the role of RBI Governor has less

Today’s fall was a jitter to the bullish trend - 5nance.com

Below is  the views on Dinesh Rohira, Founder CEO, 5nance

Today’s fall was a jitter to the bullish trend that was building in the markets. This is an event based trigger and should not be considered as a falling trend in markets. With other fundamentals in its place Investors should not underplay the equity markets, stay invested keeping a medium to lo

Majority of UK CEOs considering moving operations abroad post-Brexit - survey

LONDON - Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

The KPMG survey of 100 UK chief executives, from companies with revenues between 100 million pounds and 1 billion pounds ($130 million-$1.30 billion), found 86 percent were confident about

Note on FED Meet By Quantum AMC

Below is the Note on Fed Meet  by Mr. Murthy Nagarajan, Head-Fixed Income, Quantum AMC :

The Federal Reserve kept the Fed Fund Rate unchanged in the band of ¼ to ½ percent. The Federal Reserve has a statutory mandate to meet the twin objectives of maximum employment and price stability. Economic growth continues to strengthen with non-farm payr

Volatility will remain high in the coming week due to F&O expiry - Religare Sec

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

Markets gained over half a percent in an eventful passing week, mainly driven by the global cues.  Participants were keenly awaiting the US Fed stance over interest rate and felt relieved after they announced status quo. Bef

Will RBI Credit Policy bring Cheers to Borrowers of India? - Dynamic Levels

As the Reserve Bank of India (RBI) meets for its October session there will be a change of guard. The new governor Urjit Patel, who replaced Rajan and the Monetary Policy Committee, will take the call on the rates.

The 3 member panel of Monetary Policy Committee has been appointed by the government. It consists of Chetan Ghate, a professor from the Indian Statistical Institute, Pami D

Cabinet approves Union Budgets and Railway Budgets approval - Dynamic Levels

The government of India broke the 92 years old rule in a sweeping reform by announcing the merger of the Union Budget and the Railway Budget and advances the date by a month. This move will allow the various departments of the government to kick start from the very first day of the financial year. Currently the budget takes place on the last working day of the February and gets passed in the bu

In interview, Tsipras sketches out path for Greece to exit crisis

NEW YORK - Greece's prime minister on Tuesday sketched out a path he hopes will finally allow his country to exit its seven-year-old economic crisis, holding out the possibility of positive growth this year and a partial return to the bond markets in 2017.

Alexis Tsipras told Reuters in a rare interview that government revenues and tourist flows have been strong a

US Fed rate action or impact on Indian equities by Mr. Ajay Bodke - Prabhudas

Below is the views on likely US Fed rate action or impact on Indian equities by Mr. Ajay Bodke, CEO & Chief Portfolio Manager - PMS, Prabhudas Lilladher

It looks unlikely that the US Federal Reserve (Fed) would raise fed funds rate in its meeting tomorrow as the underlying economic data continues to indicate a mixed picture.  This comes in the backd

Expert Views - BOJ overhauls policy, sets yield curve target

TOKYO - The Bank of Japan on Wednesday decided to adopt a target for long-term interest rates in an overhaul of its massive stimulus programme.

The BOJ maintained the 0.1 percent negative interest rate it applies to some of the excess reserves that financial institutions park with the central bank.

But it abandoned its base money target and instead set a &qu