Hot days ahead but a good sign for farmers: Analysts

The pre-monsoon rains will be negligible this season leading to excessive heat in April and May, but this is a good sign for farmers, weather analysts said on Tuesday.

The India Meteorological Department has already declared heatwave condition in Rajasthan, Gujarat and Madhya Pradesh. On Monday, Barmer in Rajasthan sizzled at 44 degrees Celsius.

The excessive heat is being a

Rupee bulls shouldn't expect USD/INR to appreciate below 64-65 levels

With the positive market sentiment created by the sweeping BJP win in the UP state election and a global sell-off in the US dollar, rupee bulls have managed to take the USD/INR close to the 65 level. Many currency traders are expecting this trend to continue, although at a slower momentum, which may take the exchange rate further down to around 62-63 levels in the coming months. But being bulli

Moody's assigns (P)Baa3 ratings to the MTN program of IREDA

Moody's Investors Service, a global rating agency, on Tuesday assigned a (P)Baa3 long-term senior unsecured rating and (P)P-3 short-term rating to the USD 300 million medium-term note (MTN) program that was established by the Indian Renewable Energy Development Agency Limited (IREDA, local and foreign currency issuer rating: Baa3, standalone credit profile: ba3). The rating outlook is stabl

We maintain our Neutral view on Dr Reddy's Laboratories Ltd - Angel Broking

Below is the views on Dr Reddy's Laboratories Ltd By Ms. Sarabjit Kour Nangra (VP Research- Pharma, Angel Broking Pvt Ltd):

“Dr Reddy's Laboratories Ltd and Integra LifeSciences Holdings Corporation, a global medical Technology company, have entered into an exclusive distribution agreement. Under the agreement, will market and distribute

GST rollout, tackling NPAs to dominate new fiscal

An eventful financial year nears its end on March 31. It was a year of tumultuous ups and downs that witnessed a couple of historic economic moments. The year began with a hopeful resolution of the Greek financial crisis followed by a shocking exit of Britain from the European Union (EU). Post-Brexit, the EU's future was put in doubt and the world braced for its aftershocks. However, the fe

Government's big solar push could run into land hurdle

The Union cabinet decided last month to double India's solar power generation capacity, from 20 GW to 40 GW, by setting up 50 solar parks, which are solar projects with a capacity of 500 MW or more concentrated in one area. But this additional 20 GW would mean acquisition of at least 80,000 acres of land, thrice Jaipur's area, and possibly a problematic move in a land-starved country.

SBI may reduce workforce by nearly 10% by 2019, says MD Rajnish Kumar

The total workforce of the country's largest lender -- State Bank of India (SBI) -- will see a reduction over the next two years, after the merger with six entities, owing to attrition, reduced hiring and digitisation, a top official said.

"Manpower will go down with the period of time. Around 10 per cent reduction in two years may be a possibility," Rajnish Kumar, SBI M

GDP up but job security falls: Only 16% earn regular wage

At 19, Dinesh Manjhi is the breadwinner for his family -- three siblings and a 55-year-old mother. But his tryst with adulthood actually began at 12, when his father took him on a 1,500-km journey from their home in Bihar to a farm in Punjab to work as a seasonal worker. This way, he added a valuable extra to what the father saved to bring back home every season.


Manjhi's

India's monsoon likely to escape El Nino unscathed - IMD

By Sudarshan Varadhan and Mayank Bhardwaj

NEW DELHI  - India is likely to emerge unscathed from the El Nino weather pattern as it is expected to set in only during the latter part of the four-month monsoon season, a top weather official said, indicating a timely arrival of crop-nourishing rains.

Monsoon rains, the lifeblood for India's farm-dependen

BS-IV rollout expected be neutral on the automobile sector - Angel Broking

Below is the views on automobile sector By Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking Pvt Ltd):  

“The upcoming BS-IV standards are expected to have a neutral impact on the automobile sector. Most passenger vehicle makers are already following the BS-IV norms hence we expect no impact of BS-IV implementa

Forex trading tips: Trade well, rather than often

What is the secret behind profitable forex trading? Major traders fail as they are unable to read the market successfully or because they are impatient. Yet, trading is no rocket science. I have a simple mantra: Emotional discipline and patience.


Your goal as a trader must be to make the best trades; money is secondary. Trade well, rather than trading often. A smart trader wil

Moody`s affirms negative outlook on Adani Abbot Point Terminal

 US rating agency Moody's on Wednesday maintained the Adani Group-run Abbot Point Terminal Ltd's Ba2 bank credit facility rating, saying its outlook is negative.

"Moody's Investors Service has on Wednesday affirmed Adani Abbot Point Terminal Pty Ltd's (AAPT) Ba2 senior secured and senior secured bank credit facility ratings. The outlook remains negative,"

We recommend re-rating on Avenue Supermarts Ltd - Angel Broking

Below is the views on Avenue Supermarts Ltd By Mr. Amarjeet Maurya (Sr. Equity Research Analyst- Mid Caps, Angel Broking Pvt Ltd):  

“Avenue Supermarts Ltd (ASL), founded in 2002, is the owner of the well established supermarket chain D-Mart. ASL is amongst the largest and the most profitable Food & Grocery retailers in India. It offers

Fitch Ratings downgrades long-term issuer default ratings on BILT

Fitch Ratings further downgraded the long-term issuer default ratings on paper maker Ballarpur Industries Ltd (BILT) and its subsidiary Bilt Paper BV to a more speculative grade, reported PTI. Citing severe liquidity constraints and inevitable default, the agency said it has downgraded ratings on BILT and its subsidiary "to C from CCC".

In January, Fitch had downgraded BILT

SBI to shut down 47% of associate banks' offices post-merger

State Bank of India (SBI), which will see five associate banks merge into it on April 1, has decided to shut down almost half the offices of these banks, including the head offices of three of them. This process will start from April 24.

"Out of the five head offices of the associate banks, we will retain only two. Three head offices of the associate banks will be unbound along w

Demonetization adds to short-term pressure on Indian NBFCs: Moody`s

Moody's Investors Service, a global rating agency, has said that Indian non-bank financial companies (NBFCs) will demonstrate broadly stable asset quality, but delinquencies will likely rise over the next 1-2 quarters, as demonetization adversely affects collections across asset classes.

"While the 90+days delinquency rate in the commercial vehicle (CV) loan segment largely s

New UP Govt should ensure adequate power supply: ASSOCHAM

After the Bharatiya Janata Party's (BJP) astounding victory in the recently-concluded Uttar Pradesh Assembly Elections 2017, apex industry body ASSOCHAM has said that the need of the hour in the state is ensuring adequate electricity supply in the coming summer.

The top priority of the new government should be to drastically improve the quality and quantity of power supply in the

Fundamentals don't support long-term rupee rally: Care Ratings

Rating agency Care Ratings said the ongoing rupee appreciation is short-lived and Reserve Bank will soon have a role to play in correcting the sentiment, reported PTI. The rupee traded in the range of 66.70 and 65.41 between March 1 and March 16. But has appreciated by nearly Rs 1.23 against the US dollar since March 1 making it the best performing unit in the whole of Asia this year. "We

Fed hikes rates, investors remain wary ahead of European Elections - Angel Broking

Below is the views On Fed hikes rates, investors remain wary ahead of European Elections By Mr. Vaibhav Agrawal (Head of Research and ARQ):

“The US Fed’s decision to raise key rates by 25 bps was in line with market expectations. As per the US Fed, the data for Feb indicates that labor market has continued to strengthen a

India Economics: Trade data - exports at 2-year high - RCML

Below is the views On India Economics: Trade data’ by Rahul Agrawal,Economy & Strategy,Religare Capital Markets Limited

Trade data – key takeaways:  

*India’s merchandise exports rose by 17.5% YoY to US$24.5bn in Feb’17 – this is the highest amount in any month in the last 2 ye

RBI should not cut interest rates: Expert

With an increase in both wholesale and retail inflation indices in February indicating that India has left behind the "most benign part of retail inflation", an expert has suggested that the RBI should postpone further cuts in interest rates.

Official data on Tuesday showed the annual rate of inflation based on wholesale prices rose to over a three-year high of 6.55 per cent

State election results to facilitate reforms: Moody's

Global credit rating agency Moody's Investor's Service on Wednesday said the recent state election results will facilitate reforms by the BJP led Indian government.

In a statement Moody's said the 2017 state election results demonstrate broad-based popular support for the Indian government's policy agenda and will facilitate the implementation of further reforms, a cre

Tax saver mutual funds - A blessing in disguise - Sushil Finance

Below is the views on Tax saver mutual funds By Vatsal shah,Wealth Management,Sushil Finance

For years together, tax payers can claim deduction in income under section 80(c) of Income Tax Act. Many products are available within that namely Public Provident Fund (Commonly known as PPF), ELSS mutual funds, National Savings certificate (NSC