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

Demonetisation will transform Indian economy: RBI governor

On the eve of the deadline for citizens to deposit demonetised currency in banks, Reserve Bank of India (RBI) Governor Urjit Patel said that demonetisation will have a transformative effect on the economy going forward, despite some short-term disruptions and "public hardship".

"The withdrawal of specified bank notes will impart far reaching changes going forward. It is

REUTERS POLL: Oil in 2017 seen capped below $60/barrel by strong dollar, U.S. shale

By Vijaykumar Vedala

Oil prices will gradually rise towards $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in U.S. oil output and possible non-compliance by OPEC with agreed cuts.

Brent crude futures will average $56.90 a barrel in 2017, according to 29 analysts and economists polled by R

Two held for converting old notes worth Rs 6 crore for businessman

 Two persons have been arrested for converting demonetised Rs 500 and Rs 1,000 currency notes worth over Rs 6 crore into new currency on behalf of a Tamil Nadu-based businessman, the Enforcement Directorate (ED) said on Thursday.

"We have arrested two persons under PMLA involved in exchange of old notes to new currency notes of about Rs 6 crore for J. Sekhar Reddy," an

RBI, Urjit Patel should speak up or lose credibility

Central bankers are often called Masters of the Universe. No period in financial history has proven this more than the aftermath of the global financial crisis (GFC). It was the unorthodox methods of the central bankers -- especially those of Western, developed economies -- that saved the financial system from falling off a cliff and, in turn, saved the real economy from The Great Depression-li

Markets bounce back over expectations of lower taxes by Mr. Vaibhav Agrawal - Angel Broking

Below is the views on Markets bounce back over expectations of lower taxes Mr. Vaibhav Agrawal (Head of Research & ARQ, Angel Broking)

Today Indian markets saw a strong a pullback rally after a strong correction seen on Monday. The buying sentiment improved after there was an indication from the Finance Minister to lower the indirect tax rates in next year’s

'Demonetisation bold step, effects for two quarters'

Demonetisation is a "bold step" and its impact will last for two quarters for various industries, Reliance Capital's Chief Investment Strategist Madhusudan Kela said on Tuesday.

"Demonetisation is the biggest reform or step taken by any government anywhere in the world in 2016. It is a bold step. The government was aware of the fact that there would be hiccups. That