We maintain our Buy rating on Axis Banks Ltd by Mr. Siddharth Purohit - Angel Broking

Below is the views on Axis Banks Ltd 3QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking)

“Axis Bank’s results for the quarter were below expectations on account of higher provisions. However, the good part is that slippages for the quarter remained lower QoQ and the overall watch list got reduced. We believe tho

Less optimistic than markets about top Indian companies: Fitch Ratings

Ratings agency Fitch has said it is less optimistic than the markets in its growth projections about top Indian companies.

According to Fitch Ratings and India Ratings and Research which is part of the Fitch Group, they are less optimistic in their projections for the 27 Indian corporates they publicly rate compared with Bloomberg consensus estimates (BEst). 

"BEst

Demonetisation effect: Too many vegetables, too little money

Sunil Kumar, a 31-year-old farmer in Tondala village, Kolar district, 85 km east of Bengaluru, lost Rs 300,000 in November when tomato prices crashed due to the demonetisation earlier that month and the excess supply of vegetables.


Kumar, who cultivates tomatoes on his five-acre farm, said he made a profit of Rs 30 lakh during the same time last year.

The 110 per cen

India`s cash crunch seen biting into economic growth - Reuters poll

By Krishna Eluri

BENGALURU - India's economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi's ban on high-value notes hurt consumption and businesses but it is set to pick up this quarter, a Reuters poll found.

Having posted growth of above 7 percent for six consecutive quarters, India's gross domestic pro

UN doesn`t see serious, long-term impact to Indian economy from demonetisation

The UN does not see a serious, long-term impact on India's economy from the demonetisation, although it will have a short-term effect because of reduced consumer spending, according to an official monitoring the global economy.

"We don't think it should have a long-term impact," Dawn Holland, a senior economic affairs officer with the UN Global Economic Monitoring Un

Expert Views: Reaction to Brexit speech by PM Theresa May

LONDON - Britain will leave the EU's single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit".

She said the government would put the final deal to a vote in both houses of parliament.

Following are some initial reactions to her sp

RBI may consider a rate cut in first half of this year: DBS

The Reserve Bank of India is expected to go for a rate cut in the first half of this year, largely owing to 'below estimate' inflation, says a DBS report. Rising prices of petrol and diesel fuelled WPI inflation to 3.39 per cent in December 2016. According to the global financial services major, the WPI readings are likely to head towards 4 per cent in the first quarter of this year fro

We maintain our Buy rating on LIC Housing Finance Ltd by Mr. Siddharth Purohit - Angel

Below is the views on LIC Housing Finance Limited 3QFY2017 Results by Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking) 

“LIC Housing has come out with a good set of results for the quarter. Despite demonetization there has been no slow down in the growth as it can be seen from the 19% growth in the bottom-line. Loan growth co

Notebandi frontlines: Small stores struggle to survive, but many support Narendra Modi

Mumbai: There are about 12 million to 14 million kirana shops -- family-run corner-shops/mom-and-pop or convenience stores selling groceries and other products -- across India (according to a 2015 report by PricewaterhouseCoopers, a consultancy, with India Retail Forum), and they are vulnerable to losses from ‘notebandi -- as demonetisation is called colloquially. A population, roughly sp

We might see a pause in Nifty for a session or two initially by Mr. Jayant Manglik, - Religare Sec

Below is the views on  weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd. 

The jubilation continues in equity markets for third successive week as Nifty gained nearly two percent and reclaimed 8400 level. Taking hint from the advance GDP estimates, it made a cautious start but scenario changed swi

RBI may cut repo rate by 25 basis points in February: HSBC report

With uncertanity over implementation of GST, rising crude oil prices and the challenging 4 per cent CPI in medium term, Reserve Bank may cut repo rate for the final time by a 25 basis points in the February policy, says a report.

"We hold on to our expectation of a 25 basis points rate cut in February, but caution that this would likely bring the easing cycle to an end, given the

We maintain our Buy rating on Infosys Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on Infosys Ltd 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd)  

“Infosys, posted results better than expected on the EBIT and net profit front. The company, posted a 1.4% sequential de-growth in USD revenues to US$2,551mn V/s US$2,561mn expected. On Constant currency terms, de-growth

We maintain our Accumulate rating on Tata Consultancy Services Ltd by Ms. Sarabjit Kour Nangra - Angel

Below is the views on Tata Consultancy Services Limited 3QFY2017 Results by Ms. Sarabjit Kour Nangra (VP- Research IT, Angel Broking Pvt Ltd) 

“TCS posted numbers slightly better than expected, on the sales and EBIT front.  The company posted a 0.3% sequential growth in USD revenues to US$4,387mn V/s US$4,383mn expected. On Constant cu

Expert Views - Consumer inflation eases to 3.41 percent in December

MUMBAI - India's annual consumer price inflation eased to a lower-than-expected 3.41 percent in December, its lowest level in more than two years, helped by a sharp cooling in food prices, government data showed on Thursday.

Economists surveyed by Reuters had expected annual retail inflation to come in at 3.57 percent last month, compared with 3.63 percent in

Pessimism over Asia FX eases; yuan bearish bets at 3-month low after clampdown: Reuters poll

SINGAPORE - Sentiment towards most emerging Asian currencies improved in recent weeks, a Reuters poll showed on Thursday, with bearish bets against China's yuan falling to the smallest level in three months after Beijing clamped down on capital outflows and speculators.

Signs that the resurgent U.S. dollar was losing steam after a months-long rally have also offer

Note Ban: 10% currency won`t come back: Niti Aayog`s Debroy

While the Reserve Bank of India (RBI) is still reconciling the quantum of demonetised currency that has been returned to banks by the December 30, 2016 deadline, NITI Aayog Member Bibek Debroy feels about 10 per cent of such notes won't return to the system.

"Even now, Rs 1.6 lakh crore is what will be missing at the end of it all. Those are the figures. If I take a base of r

Why India might not achieve its 2020 renewable energy targets

In April 2016, Piyush Goyal, the Power and Renewable Energy Minister, reiterated that India's solar power target -- 100 GW by 2022 -- was achievable, but an IndiaSpend analysis shows that this expansion is challenged by weak infrastructure and a lack of cheap financing.


To achieve its targets, India must add 130.76 GW of renewable energy over the next six years, an average

We suggest traders to closely watch the earning announcements - Religare Sec

Below is the views on weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd. 

Markets started the New Year on positive note as Nifty gained nearly half a percent amid mixed cues. In the first three sessions, participants were in cautious mood citing several local issues like possible delay in the GST imple

Expert Views: India forecasts GDP growth to slow to 7.1 percent in 2016/17

MUMBAI - The Indian government said economic growth would slow down to 7.1 percent in the fiscal year ending in March from 7.6 percent a year earlier.

Most private economists have pared India's growth forecast to 6.3-6.4 percent for the 2016/17 fiscal year, citing the impact of the government's scrapping of high-value bank notes last November.

For st

Black money cannot be glibly wished away

I remember standing for hours in the queue to withdraw my own cash, and then being told that I would not even get a tenth of what I had been promised. I remember coming away with dignity, saying that my sacrifice was for the greater long-term good of the nation.

I did need the money -- bills to be paid, provisions to be bought, just some loose cash for emergencies, but I did not compl

'Metals, banking, engineering and construction to deliver maximum earnings'

Metals, banking, engineering and construction are the three sectors that are expected to deliver maximum earning over the next two or three years, said a senior official of HDFC Asset Management Company.

Earnings of three sectors - metal, banks, engineering and construction-were destroyed for different reasons, Prashant Jain, Chief Investment Officer told BTVi in an interview.

Text of PM`s address to the nation on New Year`s Eve

In a few hours, we will be ushering in the New year of 2017; 125 crore Indians will join the rest of the world in welcoming it with new hope, new energy and new dreams.

Since Diwali, our nation has been witness to a historic rite of purification. The patience, discipline, and resolve displayed by 125 crore Indians will play a critical role in shaping the future of the nation for years

Global headwinds slow down Indian IT industry's growth

Global headwinds such as macroeconomic factors, currency volatility and disruptive technologies impacted the resilient Indian IT industry in 2016, forcing Nasscom, its apex body, to lower the growth rate for fiscal 2016-17.

"The IT industry is going through a transient phase with global and domestic factors impacting its performance. While the effect of short-term factors may sho

Rates, rains, reforms buoy Indian equities

Despite facing massive volatility and foreign fund outflows, the Indian equities markets managed to make gains during 2016 mainly on account of a fall in lending rates, further economic reforms, lower inflation and a healthy monsoon.


Demonetisation caused an initial hiccup but the effect soon tapered off

The two key indices closed between 1.95 per cent and three per