Effects of GST on the Market - RKSV Sec

Below is  the views on the effects of GST on various sectors by Mr. Raghu Kumar, RKSV

Effects of GST on the Market

Since the markets have already priced in GST and its effects, a favorable outcome might not trigger a strong movement. Secondly, it is possible that the GST outcome when it comes to the implicatio

Monetary Policy Expectation - RKSV Sec

Below is  the views on the impending Monetary policy slated for Aug 09, 2016 by Mr. Raghu Kumar, Co-founder, RKSV

“It is expected that RBI is likely to maintain status quo this time. The RBI Governor may keep interest rates intact, citing various factors such as monsoon progress, inflation, oil Prices . 

This move has si

GST to boost long-term growth: World Bank economist

With the Rajya Sabha passing the Goods and Services Tax (GST) Bill, World Bank Chief Economist Kaushik Basu on Friday said the new tax regime will usher in long-term economic benefit, though there could also be short-term price jerk or inflation.

"By cutting down on transaction costs and double taxation at different points, it will make India a common market. And this can give a

Reuters Poll: RBI seen holding rates on August 9, cut during Oct-Dec

By Krishna Eluri

BENGALURU  - Outgoing Reserve Bank of India Governor Raghuram Rajan is likely keep interest rates on hold on Tuesday, leaving it to his successor to decide if inflation is subsiding enough after the monsoon season to make another cut, according to a Reuters poll.

All but five of the 43 economists polled this week said the RBI would leav

Expert Views: Bank of England cuts rates, restarts QE

LONDON - The Bank of England cut interest rates for the first time since 2009 on Thursday and said it would buy 60 billion pounds of government debt to ease the blow from Britain's June 23 vote to leave the European Union.

The central bank said it expected the economy to stagnate for the rest of 2016 and suffer weak growth throughout next year.



One nation + one tax = $137 billion For GST

About 42 per cent of the Rs 22 lakh crore ($328 billion) revenue of the central government and 35 states and union territories will now be subsumed under the goods and services tax (GST), passed by parliament's upper house on August 3, 2016 and being touted by some as one of independent India's “boldest reforms”.

Around Rs 9.20 lakh crore ($137 billion) of Central

We maintain our Buy rating on Cadila Healthcare Ltd 1QFY2017 Results - Angel

Below is  the views on Cadila Healthcare Ltd 1QFY2017 Results Ms. Sarabjit Kour Nangra (VP- Research Pharma, Angel Broking Pvt Ltd)

Results better than expected on all fronts   Cadila Healthcare (CMP: INR 347 / TP:INR 400 /Upside: 15.3% )  

“For 1QFY2017, the company posted lower than expected results on sales front, while net profi

Dishaman Pharmaceuticals and Chemicals Ltd 1QFY2017 Results By  Ms. Sarabjit Kour Nangra - Angel

Below is the views on Dishaman Pharmaceuticals and Chemicals Ltd 1QFY2017 Results By  Ms. Sarabjit Kour Nangra (VP- Research Pharma, Angel Broking Pvt Ltd)   

“For 1QFY2017, the company posted better than expected results. The sales came in at INR 366cr V/s INR 350cr expected V/s INR 400cr in 1QFY2016, a YoY de-growth of 8.5%. The CRAMS (INR

We continue to maintain Buy rating on Voltas Ltd 1QFY2017 Results By  Mr. Santosh Yellapu - Angel

Below is  the views on Voltas Ltd 1QFY2017 Results By  Mr. Santosh Yellapu (Sr. Equity Research Analyst- Capital Goods, Angel Broking Pvt Ltd)

Strong set of 1Q numbers, UCP outperforms our expectations  

“Voltas reported impressive set of 1Q numbers. Voltas reported better than expected top-line numbers mainly driven by strong execu

We maintain our Buy rating on Tech Mahindra Ltd 1QFY2017 Results  By  Ms. Sarabjit Kour Nangra - Angel

Below is the views on Tech Mahindra Ltd 1QFY2017 Results  By  Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking Pvt Ltd ) 

 “For 1QFY2017, the company posted results lower than expected. On sales the company posted sales of INR 6,921cr V/s INR 6,880cr expected and V/s INR 6,884cr in 4QFY2016, a QoQ de-growth of 0.5%. In

Pressure on margins due to economic turbulence, Brexit: Nasscom

 The IT companies witnessed pressure on margins during the first quarter due to economic turbulence globally, low growth in Europe and Brexit, Nasscom President R. Chandrashekhar said on Wednesday.

He said the emphasis on digital and slow growth in some verticals were the other factors that led to pressure.

"Clearly, there has been a lot of pressure on the margins

GST to benefit small, medium enterprises: Amit Mitra

The Goods and Services Tax (GST) regime will benefit micro, small and medium enterprises as it provides for a single-tax system across India, West Bengal Finance Minister Amit Mitra said on Wednesday.

"The GST's primary focus is to benefit micro, small and medium enterprises (MSMEs). In the single-tax regime, MSMEs must be benefitted. Bigger people (industries) can manage a m

Timeline: Long journey of GST Bill

The Goods and Service Tax Bill, technically called the Constitutional (One Hundred and Twenty-Second Amendment) Bill, 2014, was introduced for discussion in the Rajya Sabha on Wednesday.

If approved, it will be introduced in the country after a 13-year-long journey since it was first discussed in the Kelkar Task Force report on indirect taxes in 2003. 

The GST Bill, ter

Don't make GST procedural nightmare, says Nasscom

Hyderabad, Aug 3 (IANS) Nasscom on Wednesday urged the government not to make Goods and Services Tax (GST) procedurally a nightmare for Information Technology services sector.

The apex body of the IT industry also wants the government to ensure that GST does not become negative from point of view of ease of doing business.

Nasscom has already

Read what India Inc thinks about GST

New Delhi, Aug 3 (IANS) As the Rajya Sabha on Wednesday finally took up discussion on the Goods and Services Tax (GST) bill, with Finance Minister Arun Jaitley moving it for consideration and passage, industry stakeholders welcomed the move but also expressed some concerns.

Former Finance Minister P. Chidambaram batted for 18 per cent GST rate during the deb

'GST will increase organised warehousing, reduce price'

Chennai, Aug 3 (IANS) The introduction of Goods and Services Tax (GST) in the country would result in increased organised warehousing sector and merger of smaller warehouses focussed on tax savings, said a top official of JLL India in a statement issued on Wednesday.

The GST Bill, technically called the Constitutional (122nd Amendment) Bill 2014, was introdu

Resolving NPAs key to banks' financing double-digit growth

The Indian economy is heading for interesting times. With the government trying to push key legislation like GST -- possibly on Aug 3 -- the future of the Indian economy is a topic on which a lot of consideration is presently being given. A recent World Bank report titled 'India Development Update-June 2016' sheds light on some of the pertinent aspects of the Indian economy.

Advanced Enzyme is a very exciting and unique story - ICICI Sec

Below is the views on Advanced Enzymes IPO Results By  Ajay Saraf, Executive Director, (ICICI Securities Ltd)

Advanced Enzyme is a very exciting and unique story with high entry barriers. The fact that the company has been able to maintain its dominant position in the enzyme industry with consistent healthy operating margins has attracted hi

Job creation will drive next phase of reforms

On the 25th anniversary of India's economic reforms, a general consensus seems to have emerged within the country and without that the next phase reforms must address what has so far eluded agreement among the principal stakeholders: land and labour. Make in India will not happen if these two main factors of production remain entangled in political one-upmanship.

The government ha

Measuring government services against its promises

In a remote hamlet of Sikkim, a young man has a new toilet built by his house. He no longer escorts his wife and children before sunrise to the bushes in the fields, standing guard to shoo away wayside dogs and local pests. "I don't feel like an animal any more," he says.

In India, more than seven in 10 rural people have no access to toilets. Of the one billion people in

Expectations of reforms, rains to support rupee

Expectations of political consensus on a major economic legislation, combined with above average monsoon rains and continued influx of foreign funds are expected to support the Indian rupee in the upcoming week.

"Strong FII (Foreign Institutional Investor) inflows, robust momentum in domestic equity markets, strong domestic macro theme supported by good monsoon and GST (Goods and

We maintain our Neutral rating on GlaxoSmithKline Pharmaceuticals Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on GlaxoSmithKline Pharmaceuticals Ltd 1QFY2017 Results By Ms. Sarabjit Kour Nangra (VP- Research Pharma, Angel Broking Pvt Ltd) 

 “For 1QFY2017, GlaxoSmithKline posted sales of INR 685cr V/s INR 700cr expected V/s INR 622cr in 1QFY2016, a YoY growth of 10.2%. The sales growth has been impacted on back of the pr