New Delhi, April 23 Brick-and-mortar stores in India are likely to phase out by the year 2023, NITI Aayog CEO Amitabh Kant said here on Saturday.
4/25/2016 10:09:33 AM
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Below is the view on HDFC Bank 4QFY2016 Results By Mr. Siddharth Purohit (Sr. Equity research Analyst- Banking, Angel Broking Pvt Ltd)
“HDFC bank continued its trend of delivering consistent earnings performance quarter after quarter and registered a net interest income growth of 24.0% YoY for 4QFY2016 which was in line with our expectatio
Dynamic Levels takes a birds eye view of the Markets with the Indian Economy in the Financial Year 2015-2016. Markets remained Choppy during this period as seen in the data and reports in the full report.
Last financial year i.e. 2015-16 remained negative for the Indian market. Benchmark Index Nifty, fell almost 10% in FY 2015-16. Market witnessed choppy sessions throughout the ye
Below is the view on Wipro 4QFY2016 Results By Ms. Sarabjit Kour Nangra (VP Research - IT, Angel Broking Pvt Ltd)
Wipro (CMP: INR 601 / TP: INR 680 / Upside: 13.1%)
“Wipro announced its 4QFY2016 results, which were below expectations. The company’s IT services posted revenues of US$1,882mn V/s US$1,902mn expected a 2
Below is the view on TCS 4QFY2016 Results By Ms. Sarabjit Kour Nangra (VP Research - IT, Angel Broking Pvt Ltd)
TCS (CMP: INR 2,522/ TP: INR 2,854 / Upside: 13.2%)
“TCS announced its 4QFY2016 results. The company, posted revenue of US$4,207mn V/s US$4,215mn expected with 1.5% QoQ growth, mostly volume led, which came in at
Below is the view on LIC Housing Finance 4QFY2016 Results By Mr. Siddharth Purohit (Sr. Equity research Analyst- Banking, Angel Broking Pvt Ltd)
Marginally lower on bottom-line front while operating parameters improved
“LIC Housing Finance Ltd has come out with its 4QFY16 results with PAT of INR 448 cr, which is marginally lower than
Key Macro Highlights
Reduction in repo rate and RBI hinted at monetary accommodation going ahead
Trade deficit in Feb 2016 tapered to its lowest monthly level since Sept 2013
The pace of contraction in exports has narrowed
Projection of normal monsoon in 2016 as La Nina condition to generate pace
DOHA - A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday, leading to a steep drop in oil prices towards $40 on Monday.
Below are the key facts, questions and answers about the meeting:
WHAT WERE THE DOHA TALKS TRYING TO ACHIEVE?
Some 18 oil nations including OP
Below is the view on Infosys 4QFY2016 Results By Ms. Sarabjit Kour Nangra (VP Research - IT, Angel Broking Pvt Ltd)
Infosys (CMP: INR 1,172/ TP: INR 1,347 / Upside: 14.9%)
“Infosys posted revenues of US$2,454mn V/s US$2,446mn expected with 1.6% QoQ growth. In rupee terms, revenues grew by 4.1% QoQ
MANILA/TOKYO - As the world reels from a flood of cheap Chinese steel, other countries including Japan and South Korea are selling products overseas at prices as much as a third lower than in their home markets, according to industry data and officials.
The underpricing by the world's second and third biggest steel exporting countries underscores t
BEIJING - China's economy grew at its weakest pace since the global financial crisis in the first quarter of 2016, maintaining pressure on Beijing to ramp up support measures as fears of a sharper downturn roil world financial markets.
Gross domestic product (GDP) in the world's second-largest economy grew 6.7 percent in January-March from a ye
MUMBAI - India's annual consumer inflation eased for the second straight month to 4.83 percent in March, helped by smaller rises in food prices, government data showed on Tuesday.
Economists surveyed by Reuters had forecast retail inflation would slow to 5 percent in March from an upwardly revised 5.26 percent in February.
MUMBAI - India's crucial monsoon rains are expected to be above average in 2016, the weather office said on Tuesday, easing fears over farm and economic growth after two straight droughts hit rural incomes and agricultural output.
SOUMYA KANTI GHOSH, CHIEF ECONOMIC ADVISER, STATE BANK OF INDIA, MUMBAI:
"If the secon
Below is the view on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.
Nifty witnessed profit taking on expected line in the passing week and settled below 7600 mark, tracking weak cues both from domestic and global front. Earlier, the start was on a positive note on report that India&rsquo
Some recent interventions by the central bank and the government can trigger a higher credit growth, providing a much-needed fillip to the housing sector. This is thanks to the cut of 25 basis points in its short-term lending rates by the Reserve Bank of India (RBI), the newly reformed lending rate regime for faster transmission of rate cuts and a host of mortgage reforms.
Below is the view on RBI policy announcement by Mr. Dinesh Rohira, Founder CEO, 5nance.com
RBI has maintained the accommodative stance and cut the repo rate by 25 basis points to a 5 year low of 6.5% in its bi-monthly monetary policy review meeting today. RBI has also increased the reverse repo rate by 25 basis points to 6% while maintaining the CRR
Below is the view on RBI monetary policy By Mr. Saravana Kumar, Chief Investment Officer, LIC Nomura Mutual Fund .
• At the monetary policy review today (April 5, 2016), RBI cut the repo rate by 25bps. This was in line with our and market expectation. The RBI has tightened the reverse repo and MSF (Marginal Standing Facility) band by 50bp
Market View after RBI Policy – Dynamic Levels
The Indian benchmark Nifty saw a sharp selloff even as RBI Governor Raghuram Rajan cut interest rate by 0.25%, the lowest since 2011 and introduced host of liquidity measures which narrows the difference between the Repo and reverse repo policy from 1 per cent point to 0.50 per cent. These m
Below is the view on RBI Bi-monthly Monetary Policy By Mr. Jay Shankar, Chief India Economist & Director, Religare Capital Markets Ltd
The RBI cuts repo rate by 25bps to 6.5%, maintaining its accommodative stance.
This first bi-monthly Monetary Policy in FY17 is focused more on adopting measures to better manage liquidity and