A Bank of America Merrill Lynch (BofA-ML) report has said that the Indian economy is going through a shallow recovery and GDP growth is expected to come down to 6.9 percent this fiscal following demonetisation.Commenting on the issue, a BofA-ML Official ... One India, 6 days ago
Demonetisation effect: BoFA lowers GDP forecast to 6.9% for FY 2017 - Business Standard India, 1 week ago
Demonetisation: BofA cuts India's current fiscal growth forecast to 6.9% - Economic Times, 1 week ago
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Brokerages lower year-end targets for Sensex; rupee hits a fresh nine-month low Mumbai: India's benchmark indices, the Sensex and Nifty, on Monday erased all their gains so far this year and the rupee closed at a fresh nine-month low as foreign ...Livemint.com, 2 weeks ago
In a chat with , Sanjay Mookim, BofA ML, says a lot of earnings over the last four or five quarters have come from margin expansions and that will probably not continue. Edited excerpts What is happening, the earnings are not all that bad, I am ...Economic Times, 1 month ago
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis. Upset by the Reserve Bank of India’s decision to charge the entire deposits that banks collected between September 16 and November 11 as a reserve requirement, bankers have said they ...Rediff.com, 1 week ago
Sun Pharma has acquired 85% stake in OJSC Biosintez, a Russian company. With that, it gets a facility in Russia, which saw total pharma distributor-to-retailer sales of $10 billion in 12 months to September 2016. Russia and Commonwealth of ...Smart Investor, 1 week ago
Modi govt's decision to demonetise Rs 500 and Rs 1,000 notes took investors off guard, just Trump's US election win did, says BofA-ML India head for investment bankingBusiness Standard, 2 weeks ago
Retail inflation in September dropped to a 13-month low of 4.31 per cent, mainly on account of easing vegetables prices, creating headroom for further rate cut by RBI in coming months. The RBI is expected to pause on the December 7 monetary ...NDTV, 1 month ago
Essar- Rosneft deal : Russian oil giant Rosneft has cemented the deal to buy 49 percent stake in Essar Oil. European commodities trader Trafigura and Russian fund UCP consortium will also pick up 49 percent stake in Essar, leaving existing promoters ...Moneycontrol.com, 1 month ago
Globally, investors are starting to lose confidence in the effectiveness of unconventional monetary policies, and are using gold to hedge portfolio risks as they add more stocks and low quality bonds to their asset mix, finds the World Gold Council. Investors ...The Financial Chronicle, 2 months ago
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