RBI minutes hint rate hike on table: Nomura

The minutes of the RBI's April 6 policy meeting suggest that the next move of the Central bank will likely be a hike in key policy rates, says a report. According to the Japanese financial services major Nomura, all members expressed concern about stickiness in core inflation and believed that the disinflationary effect of demonetisation will be transient.

The minutes of the MPC m

Indian IT firms may face layoffs due to US visa curbs: Assocham

With the US tightening the norms for H-1B visas under the President Donald Trump's 'Buy American, Hire American' campaign, the Indian IT companies are bound to face disruptions by way of higher costs and even some laying off work force back home, and the rising rupee is aggravating the situation further for the technology export firms, an Assocham paper said.

Nearly 86 per

RBI to keep rates steady over the next 18 months: Reuters poll

By Krishna Eluri

The Reserve Bank of India is expected to keep interest rates steady well into next year after it shifted to a neutral monetary policy stance in February, and despite having raised concerns over a potential spike in inflation, a Reuters poll found.

Earlier this month, the Reserve Bank of India raised a secondary rate while holding the key repo rate steady to

UK's tough stand against financial crimes led to Mallya's arrest

Liquor baron Vijay Mallya got bail from the Westminster Magistrates' Court in central London on Tuesday within hours after his arrest by the Extradition Unit of Scotland Yard. India has filed a request for extradition of Mallya for defrauding Indian banks of over Rs 8,000 crore.

Indian officials, on condition of anonymity, told this correspondent that "the process will n

BofA's profit boosted by surge in trading

Bank of America reported a 44 percent rise in quarterly profit as higher interest rates bulked up earnings from loans and an increase in trading boosted revenue.

The second-largest U.S. bank said net income attributable to shareholders rose to $4.35 billion in the three months ended March 31 from $3.02 billion a year earlier.

Earnings per share rose to 41 cents per share fro

India`s monsoon rains seen at average levels - IMD

By Sudarshan Varadhan and Mayank Bhardwaj

NEW DELHI - India's crucial monsoon rains are expected to be of an average amount in 2017, the weather office said on Tuesday, easing concerns over farm and economic growth in the world's leading producer of an array of agricultural goods.

The monsoon is the lifeblood for India's farm-dependent $2 tr

Follow FRBM recommendation to improve credit profile: Moody`s

Moody's Investors Service has said that India's credit profile would improve if it follows the fiscal discipline path and set up a fiscal council as recommended by the FRBM panel. As per reports, the Fiscal Responsibility and Budget Management (FRBM) Committee in its report has suggested that the fiscal deficit, which is the difference between expenditure and receipts, should be brought

Steel, stimulus drive China's strongest economic growth since 2015

By Kevin Yao and Yawen Chen

BEIJING  - China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years.

Growth of 6.9 percent was the fastest in six quarters, with forecast-beating March investment, retail

Robust R&D, less fault rate to keep us ahead of Chinese players: Lava

End-to-end control on research and development and product design, a robust single-layer distribution model and improved after-sales service strategy are going to give us an edge over Chinese smartphone vendors this year, a top executive from domestic player Lava International Limited has emphasised.

Founded in 2009, Lava has come a long way in establishing its presence in the domesti

Trade Review - Cyclical recovery in trade activities - Emkay

Trade data for Mar’17 was robust which was partly led by higher commodity prices and partly by improvement in overall global trade activity. Trade deficit widened to USD 10.4bn due to higher growth in imports particularly petroleum and gold. For FY17 the persistence of weak commodity prices in H1 resulted in lower deficit of USD 105bn. Cyclical recovery in global trade activities is likel

We maintain our BUY rating on Infosys Ltd By Ms. Sarabjit Kour Nangra - Angel Broking

Below is the views Infosys Ltd 4QFY2017 Results By Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking Pvt Ltd)

“For, 4QFY2017 the results were below expectations, on the sales front the company has posted revenue of US$2,569mn V/s expectations of US$2,589mn, with 0.7% QoQ growth. On the CC (constant Currency), the revenues have remained fla

Expert views: China's commodity imports surge in March; crude imports at record

China's imports of oil, copper, iron ore, coal and soybeans in March surge on a month earlier, customs data showed on Thursday.

 

KEY POINTS:

Copper: China imported 430,000 tonnes, versus 340,000 tonnes in February

Crude oil: China imported 38.95 million tonnes, versus 31.78 million tonnes in February

Iron ore: China im

Expert Views: India consumer inflation climbs up in March

MUMBAI - India's annual consumer price inflation accelerated to 3.81 percent in March from 3.65 percent in February, government data showed on Wednesday.

However, that was below the 3.98 percent predicted by economists polled by Reuters.

COMMENTS

ADITI NAYAR, ECONOMIST, ICRA, NEW DELHI

"The CPI r

RBI had its 'carpe diem' moment on April 6: HSBC

The Reserve Bank "killed several birds with one stone" in its policy meet on April 6 by not sucking out excess liquidity with its permanent tool like open market operations (OMO) and CRR hike, an HSBC report says. According to the global financial services major, the RBIs decision to narrow the policy rate corridor by raising the reverse repo rate and lowering the MSF rate killed seve

India March inflation seen edging up closer to RBI's mid-term target: Reuters poll

By Krishna Eluri

BENGALURU - India's inflation is seen climbing to within touching distance of the Reserve Bank of India's 4 percent medium-term target in March, driven by higher food costs, a Reuters poll found, backing policymakers' decision last week to move to a defacto tightening bias.

Having sunk to its lowest level for at least five years

'Expect oil to touch $60 a barrel in few months'

With oil prices firming up on strong demand and and increased uncertainty in Syria following the US bombings, crude prices are expected to touch $60 a barrel levels in the coming months an analyst said on Monday.

As per available data, the Indian basket, comprising of 73 per cent sour-grade Dubai and Oman crudes, and the balance in sweet-grade Brent, closed trade last Friday at $

Repo rate unchanged at 6.25% and also maintained its neutral monetary policy stance - Quantum AMC

Below is the View on the RBI Monetary Policy by Arvind Chari from Quantum Fixed Income Team

Quantum View: RBI reiterates its 'Long Pause'

As was widely expected, the RBI held the Repo rate unchanged at 6.25% and also maintained its neutral monetary policy stance. The RBI though narrowed the interest rate corridor, with the Reverse Repo rate (the rate

RBI has permitted Banks to invest in REIT`s and InvIT`s - ICICI Sec

Below is the views on RBI has permitted Banks to invest in REIT’s and InvIT’s By Mr. Mridul Mehta, Executive Vice President, ICICI Securities Ltd.

This is with reference to the RBI announcement which says RBI has permitted Banks to invest in REIT’s and InvIT’s .  

"This is an extremely positive step by RBI and

Currency Perspective - Inflation concerns prompt RBI to hold rates - Angel Broking

Below is the views on Inflation concerns prompt RBI to hold rates Mr. Prathamesh Mallya (Chief Analyst- Non-Agri Commodities & Currencies, Angel Commodities Pvt Ltd)

“In a bid to drain excess liquidity from the system, the Reserve Bank of India in its April’17 policy meet kept the borrowing rates unchanged at 6.25 percent, however, hiked

Assocham seeks lower rental on PoS machines

Business chamber Assocham on Thursday sought Rs 100 cap on monthly rental of Point of Sales (PoS) machines to encourage more merchants to install them.

"Rental on PoS machines should be capped at Rs 100 per month as against Rs 800 levied by the banks, which also charge between Rs 10,000-Rs 15,000 for installing each machine. Merchants are reluctant to install the machines due to

RBI In A Pause Mode - Angel Broking

Below is the views on First Bi-Monthly Monetary Policy By Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd) 

 Dear All,   Please find below the views of Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking) on First Bi-Monthly Monetary Policy:  “As on

Technical view of stock market By Swapneel Mantri - Sushil Finance

Outlook:

Nifty has been in fabulous upmove from the lows of 7900 to life time highs of 9200s. Going forward expect bullishness to continue with broad based participation coming from midcaps and smallcaps. Levelswise, correction to 9020-9090 cannot be ruled out. On the upside 9320-9350 remains target zone in short term. From long term point of view, cha

Expert views: RBI keeps policy rate on hold, eyes inflation risk

The Reserve Bank of India kept its repo rate at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against any potential flare-up in inflation and an uncertain global economic environment.

All 60 economists polled by Reuters had predicted the RBI's six-member monetary policy committee (MPC) would keep the repo rate at the same level since Octo