Analysis - Global M&A declines in second quarter as mega deals seen too risky

By Greg Roumeliotis and Pamela Barbaglia

NEW YORK/LONDON  - The value of announced mergers and acquisitions (M&A) worldwide dropped by a third in the second quarter of 2016, as a wave of transactions were abandoned in the wake of concerns over regulatory and tax risks or national security.

While 2015 was a record year for M&A, 2016 is shaping up

7th pay panel will boost demand by Rs 45,000 crore: India Ratings and Research

  The Indian cabinet-approved Seventh Central Pay Commission recommendations will boost the demand in the economy by over Rs 45,000 crore and increase savings by more than Rs 30,000 crore, American agency Fitch's subsidiary India Ratings and Research (Ind-Ra) said on Wednesday.

"The pay commission recommendations will boost consumption to the e

India seen to grow faster than emerging market peers

The Indian economy is at an interesting inflection point. With RBI Governor Raghuram Rajan announcing his plans to return to academia and the referendum in Britain voting to leave the EU, the world, it seems, has become more uncertain and risk-prone.

These events could make global recovery even more tepid. At present, a lot is happening in the world economy that has a bearing on the I

Pulses production shortfall causing price rise: Arvind Subramanian

Pulse prices have shot up as a result of their under-cultivation and inadequate domestic production, while the spike in vegetable prices have more to do with market forces than production, Chief Economic Advisor (CEA) Arvind Subramanian said on Sunday.

Adressing an international conference on social statistics here, Subramanian said inadequate production have led to a spike in pulse p

Brexit will greatly weaken EU: Expert

Britain's exit from the European Union (EU) will greatly weaken the bloc, European Commission Vice President Maros Sefcovic has said here.

"If a country like Britain exits, it must be perceived by the outside world as weakening the Union and as a demonstration of the crisis that the EU is undergoing," said Sefcovic on Sunday, Xinhua news agency reported. 

Positive developments on domestic front will supress the impact of global jitters - Religare Sec

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

In the historic referendum, the UK decided to leave the European Union and that triggered knee-jerking reaction across the globe in the passing week, including ours. In the beginning, markets rallied on the report of progress of monsoo

Impact of Brexit - First thoughts by Mr. Ajay Bodke, CEO - Prabhudas Lilladher Ltd

Strengthening  of centrifugal forces advocating dismemberment of the EU
 
As I had mentioned in early morning Brexit would trigger fears of centrifugal forces getting unleashed. Other disgruntled members of the EU who are unhappy with the functioning of what they perceive to be an overbearing & opaque decision making apparatus of Brus

Brexit Comments by Jayant Manglik, Religare Securities - Religare Sec

Below is the views on Brexit Scenarios by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd

The day has finally arrived when the UK is voting on referendum to stay or leave European Union and the whole world is closely watching the event unfold. I

If Brexit happens, we could see some knee-jerk reaction in our

How online shopping is changing rural India

I stay in rural Maharashtra. We have reached a stage in life where we hardly shop but sometimes need specialty items like books, computer peripherals, herbal teas and the like. These items are not available in our rural town of Phaltan where we live and so we do online shopping. In the last year or so we have discovered the power of such shopping.

In the recent past, we would go once

Interview: BRICS bank says to issue bonds in members local currencies

By Katya Golubkova

ST PETERSBURG  - The New Development Bank (NDB), an infrastructure-focused lender established by the BRICS emerging economies, plans to issue debt in the local currencies of its five member countries, the bank's president said.

Known as the BRICS bank, the NDB is seen by its members as an alternative to the World Bank. Its launch

New civil aviation policy: A positive step

The union cabinet last week approved the much-awaited civil aviation policy. The policy, which has been instituted in an integrated format for the first time since independence, breaks new ground in the promotion of the aviation sector in the country.

Various aspects are touched upon in the policy but broadly there are four areas where the policy breaks new ground. These include:

FDI norms relaxation a long-awaited reform: Kiran Mazumdar Shaw

 Relaxing Foreign Direct Investment (FDI) norms in pharmaceutical industry is welcome and a long-awaited reform, said leading Indian biotech company Biocon chairperson Kiran Mazumdar Shaw said on Monday.

"This is a very welcome step by the government, it is a long-awaited reform. And I think the pharma sector is a flagship sector of India. And it is in dire need of capital i

Expert View: Could a Brexit weaken Europes ability to tackle global poverty?

By Tom Esslemont

LONDON - With three days to go until Britain holds a referendum on its European Union membership, voters have the chance to reflect on key arguments made by both sides about immigration, the cost of belonging to the EU, and security.

One issue those for and against a British exit from the bloc agree on is that it could affect the UK's ab

Indian healthcare providers to spend $1.2 bn on IT in

 Healthcare providers in India are expected to spend $1.2 billion on information technology (IT) products and services this year -- an increase of 3.4 per cent over 2015 -- a report said on Monday.

“Healthcare spending is expected to reach $339 million in 2016, growing 5.2 per cent over 2015,” said Moutusi Sau, principal research analyst at a global market research fi

Commentary on Indian Equity markets by Mr. Ajay Bodke, CEO - Prabhudas Lilladher Ltd

Below is the views on likely impact on Indian markets by Mr. Ajay Bodke CEO & Chief Portfolio Manager - PMS - Prabhudas Lilladher Ltd

• Sudden exit of Dr Rajan would lead to an initial wobble in the currency, bond and equity markets however India’s strong macro-economic fundamentals- highest GDP growth among large economies in the world amidst

FACTBOX - Potential successors to RBI chief Raghuram Rajan

 The RBI governor Raghuram Rajan stunned government officials and investors on Saturday by announcing he would step down when his term ends on September 4.

Finance Minister Arun Jaitley said the government would name a successor soon and a senior official told Reuters there were currently seven names on a list of possible candidates.e

Here is some background on the cand

Arunachal can fulfil country`s power requirement: Chief Minister Kalikho Pul

With over 140 hydro-power projects allotted to various PSUs and private power companies in Arunachal Pradesh, newly appointed Chief Minister Kalikho Pul says the dream of Prime Minister Narendra Modi of having an electrified India can be fulfilled if all the allocated power projects in the northeastern border state are completed on time.

Arunachal Pradesh had the potential to ful

Business model will force more M&A in life insurance sector

The proposed merger of Max Life Insurance/Max Financial Services with HDFC Standard Life Insurance may pave the way for more such deals in the future due to the current business model of Indian life insurers, say senior industry officials.

They also said over the next couple of months, officials of Max group and HDFC Standard Life will be having tough negotiations over aspects li

The upcoming week is going to be decisive for the world - Religare Sec

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

Equity markets consolidated for yet another week and finally settled unchanged; mainly supressed by global jitters. Disappointing IIP figure triggered a dismal start, which further deteriorated on report of rise in CPI inflation o

One will have to be nible footed next week - Motilal Oswal Securities Ltd

This was a flat week for the market with a 0.16% decline this week, despite a large number of global events this week and the next.
 
Monsoons continue to be trying patience of brokers and investors. Global events went off peacefully. The US Fed did not change the rates as was the expectation, but voted 60% to raise rates only once during CY16. The Fed, however, downgraded gr

Possible Fed rate hikes to impact China`s economy: Bloomberg

Any raise in interest rates by the US Federal Reserve will have a moderate and manageable impact on China's economy, said Bloomberg economists on Friday.

"If the Fed increases interest rates twice this year, the impact on the US dollar would be marginal. You will see some modest appreciation, but not anything too substantial," Xinhua news agency quoted Michael McDonough,

Russia says its position on Brexit depends on how it affects EU

Russia's position on the possible exit of Britain from the European Union (EU) depends on whether or not it will weaken the EU, the country's Deputy Prime Minister Arkady Dvorkovich said.

"We need a strong partner, and Europe is our key partner in the world," Xinhua news agency quoted Dvorkovich as saying on Friday.

If Brexit will weaken the EU, then Russia

Federal Reserve would hike rates in September if Global uncertainty reduces by Mr. Murthy Nagarajan - Quantum AMC  

Below is the Views On Fed meet Mr. Murthy Nagarajan-Head-fixed Income, Quantum AMC  

“As expected, US Federal Reserve did not rise the Fed Fund Rates. However, an interesting point is 6 members  out of 17 in the committee now expect only one rate hike in the calendar year.  Due to slowdown in productivity growth  and ageing population th

Insight - Fed faces battle to escape worlds low interest rate grip

By Howard Schneider

WASHINGTON - Evidence that the U.S. neutral rate of interest remains stalled near zero may slow Federal Reserve rate hikes even more than expected, tying the hands of policymakers until a rebound in global demand or other forces raise that key measure of the economy’s underlying strength.

Though difficult to estimate precisely, the