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

Rural jobs scheme: 3 northeastern states on top, two at the bottom

Three northeastern states -- Mizoram, Tripura and Sikkim -- topped the country in the just-concluded 2016-17 fiscal in providing work under a flagship rural jobs scheme while two others -- Manipur and Assam -- are at the very bottom in its execution, an official report has revealed.

While the rest of the country lags, Congress-ruled Mizoram topped for the first time in providing jobs

Stable currency most important for India: Expert

With India's macro economic stability making it an attractive destination for foreign investments, the country requires a stable rupee to maintain the current substantial level of foreign inflows, according to a foreign expert.

"Now they realise that India has macro-economic stability... and what has attracted more money to India is basically a strengthening rupee. I maintain

Production at 7-year low triggers sugar imports

 India's sugar production is set to plunge to its lowest levels in the last seven years, prompting the government to allow duty-free imports of 500,000 tonnes of raw sugar to balance the demand and supply ratio.

The estimates of production in sugar season 2017-18 (October to September) put this below the 20 million tonne mark, the lowest since 2009-10.

The productio

RBI likely to focus on excess liquidity management: HSBC

Expecting a status quo on the rates on the first monetary policy review of fiscal 2018 today, a foreign brokerage said the central bank is likely to announce liquidity management measures given the Rs 4 trillion glut in the market, reported PTI. "Around Rs 4 trillion of liquidity is sloshing around in the market. The RBI could use the policy day to outline a mix of measures to absorb exces

Will global giant Huawei finally shine in India this year?

As competition gets fierce and margins turn razor-thin in the evolving Indian market, Chinese smartphones makers are fast reworking their strategies to gain an upper hand. But the road ahead is full of uncertainties.

Take the case of Shenzen-headquartered company Huawei. One of the top three global smartphone vendors (the other two being Apple and Samsung), it is yet to create a rippl