"Global markets are underestimating geopolitical risks that Trump administration's first 100 day policies could unleash. Not only on immigration(ban on immigration from some Muslim nations, tough talk on building wall on Mexico border and severely toughning legal immigration routes like H1B) & trade front (withdrawal from TPP, threatning to impose border tax on firms importing from
BENGALURU - India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, the finance ministry said in its pre-budget Economic Survey on Tuesday, roughly in line with this year's expected 7.1 percent.
The projection comes a day before the government is due to unveil its budget for the 2017/18 year.
For the first time, since Independence, the Indian government has decided to present the budget on February 1 instead of the last day of the February. The Cabinet decided last September to merge the Railway Budget with the Annual Budget, ending a nearly century-long practice. Post the recent popular moves by government, all eyes are on the Finance Minister to see what he will bring to the table
The demonetisation of high value currencies (Rs 500 and Rs 1,000) and the subsequent cash crunch is expected to push back the asset quality recovery of Indian banks, said Fitch Ratings.
Fitch also said stressed-asset ratio for Indian bank predicted to increase to 12 per cent for the current fiscal earlier, is expected to go up further. Last fiscal the ratio was 11.4 per cent.<
By Aditya Kalra
NEW DELHI - India's health ministry is likely to see a substantial increase in funding, after it warned that its programmes were short of cash and sought more than $1.2 billion in additional money, according to government officials and documents seen by Reuters.
The final numbers could change when Finance Minister Arun Jaitley presen
Below is the views on Tech Mahindra Ltd 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)
“Tech Mahindra posted results much better than expected on all fronts, in sales the company posted sales of US$1,116mn V/s US$1,091mn expected V/s US$1,072mn, a QoQ growth of 4.1%. In Constant Currency (CC) terms, company posted a
We maintain our Neutral rating on Housing Development Finance Corp Ltd by Mr. Siddharth Purohit - Angel Broking
Below is the views on Housing Development Finance Corp Ltd 3QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)
“HDFC Ltd’s Q3FY17 results were broadly in line with expectations. Loan growth was marginally better than expected on the back up h
Considering that the welfare of the poor and middle class is the priority area of the government and the assembly elections manifestos of all the major political parties centre around housing and urban development, this year's budget is expected to give a major thrust on real estate housing & infrastructure.
The 2017-18 budget should be seen in the backdrop of a tough year for
Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd
It’s been a fabulous week for the bulls as Nifty gained three and half percent and closed around the week’s high, tracking upbeat earning announcements and supportive global markets. Besides, short covering of the der
Mehsana (Gujarat): As far as the eye can see, line after line of solar panels stretch out in the midday sun beating down on the village of Chandrasan here in this eastern Gujarat district, which squeezes in 80 more people per sq km than Indias already crowded average of 441.
But there is no land conflict involved with the Chandrasan installation because the solar panels unfurl
Below is the views on Indoco Remedies Ltd 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)
“Indoco Remedies posted numbers lower than expectations. In sales, the company posted revenues of INR 272cr V/s INR 276cr expected V/s INR 255cr in 3QFY2016, growth of 6.9% YoY. The low growth was on back of the formulation
Below is the views on Maruti Suzuki India Ltd 3QFY2017 Results by Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking)
“MSIL reported a good set of numbers with 12.3% growth in net sales and 47.5% growth in PAT on YoY basis. EBITDA came at
Below is the views on United Phosphorus Ltd 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)
UPL (CMP: INR 740 / TP: / Upside:)
“UPL posted robust numbers, in sales the company posted revenues of INR 3,987cr V/s INR 3,377cr in 3QFY
Below is the views on Amara Raja Batteries Ltd 3QFY2017 Results by Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking)
“Amara Raja Batteries Ltd (ARBL) reported 9.6% growth in net sales to INR 1,328 cr and 18% decline in net profit to INR 112 cr. Company reported steep decline in gross margins as lead prices moved sharply in Decembe
Below is the views on Alembic Pharma Ltd 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)
Alembic Pharma (CMP: INR 586 / TP: / Upside:)
“Alembic Pharma posted numbers lower than expectations, in sales, the company posted revenues of INR 770cr V/s INR 872c
Global credit rating agency Fitch Ratings on Friday said repayment of Indian auto loans got affected by demonetisation and it would take a couple of months for collections to come back to normal levels.
In a statement, Fitch said: "Demonetisation appears to have had a negative impact on Indian auto loan repayments, based on collection reports from Fitch-rated securitisation trans
Below is the views on Wipro Limited 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)
“Wipro posted results below expectations, it posted IT services revenues of US$1,903mn V/s US$1,919mn expected and V/s US$1,916mn in 2QFY2017, a QoQ de-growth of 0.7%. Revenue in Constant Currency (CC) came at 0.6% QoQ. In rupee terms,
What is ELSS?
ELSS is a type of diversified equity mutual fund (MF), which is qualified for tax exemption under section 80C of the Income Tax Act. Since it is an equity fund, returns from an ELSS fund reflect returns from the equity markets.
Growth or Dividend Option?
ELSS funds have both Dividend and Growth o
Below is the views on HDFC Bank Limited 3QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)
“HDFC Banks’s results for the quarter were broadly in line with expectations. While PAT growth of 15% YoY looks lower when compared to the historical trend of HDFC Bank, given the slow down due to demonetization the result
Budget 2017 is an opportunity for the government to concentrate on improving school education for over 260.5 million children who enrolled in elementary and secondary school in 2015-16 -- children who will form the core of Indias working-age population, one billion by 2030, the largest in the world.
"Business as usual" will not solve the problem, submitted Pratham, an educat
Below is the views on HCL Technologies Ltd 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)
HCL Tech posted numbers more or less in line with expectations. On the revenue front, the company posted a 1.3% sequential growth in USD revenues to US$1,745mn V/s US$1,749mn expectat
Initial inquiry reports of recent rail accidents may point to sabotage, but a former Railway Minister and officials held the "faulty financing model" and delay in implementing the required technological measures responsible for the poor infrastructure of the railways that may also be responsible for some train accidents.
As former Railway Ministers in the last decade, Lalu P
Mumbai, Bhiwandi & Ahmedabad: Since the turn of the century, Bhiwandi -- once called the Manchester of Asia -- has wilted against competition from Bangladesh and Vietnam. Bhiwandi holds more than a sixth of India's 6.5 million power looms -- machines that manufacture fabric from yarn.
A congested city of about 1.5 million, 30 km north of Mumbai, it was once a key link
US President Trump's assertion that "We will follow 2 principles BUY AMERICAN & HIRE AMERICAN" is an unambigious signal of the start of a new era of fierce protectionism for American jobs & trade as well as isolationism. A Trumpian view that looks at global trade & commerce and geo-strategic alliances as a zero sum game with losers & winners as against a win-
By Angeline Ong and Sujata Rao
DAVOS, Switzerland - India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to $1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks.
In an interview with Reuters on the sidelines of the World Economic Forum