State Bank of India today said it has released Rs 3,323.24 crore as arrears to defence pensioners under the seventh pay commission on December 29.
Speaking to CNBC-TV18 Nilesh Shah, Managing Director at Kotak Mahindra Asset Management, said that it is better to wait for results from the demonetistiaon move.
"Along with Seventh Pay Commission, good monsoon and everything else as positive, demonetisation will have a positive impact as far as the real home buyers are concerned", SK Hota, MD of Can Fin Homes told CNBC-TV18.
There will be discussion thread bare on the contour of the forthcoming Budget containing rail-related proposals, since the Rail Budget will be part of the General Budget and there will be no separate one for railways, said a senior official of Railway Ministry.
The company had posted a net profit of Rs 36.83 crore in the July-September period of the previous fiscal, HT Media said in a BSE filing.
While the FMCG sector has had a mixed bag of earnings in the second quarter ended September 30, 2016, an analyst says the second half of FY17 is likely to be a good one for players in the sector.
In an interview to CNBC-TV18, Ajay Kaul, CEO of Jubilant Foodworks spoke about the results and his outlook for the company.
A favourable policy regime and robust business environment have made India a preferred destination for global money managers, says Swati Kulkarni, Executive Vice President and Fund Manager at UTI Mutual Fund in an interview to Moneycontrol.
Vinod Aggarwal, CEO, Volvo Eicher sees good demand for commercial vehicles in the month of October on back of good monsoons aiding rural demand, lower interest rates, and more money in hands of consumers due to seventh pay commission.
India‘s macro story looks very good, says Sanjeev Prasad of Kotak Institutional Equities. Speaking to CNBC-TV18 Prasad said that global events are hard to predict.
Speaking to CNBC-TV18 Shaktikanta Das, Secretary, Economic Affairs, said that it is heartening to note that the Monetary Policy Committee has started functioning. He agreed with the RBI governor that there is still room for improving. He expects banks to transmit the rate cut fully to the market.
Air-conditioner maker Blue Star is looking at a 30 per cent growth this festive season on the back of good monsoon and hike in salaries and pensions of the central government employees following implementation of the Seventh Pay Commission recommendations.
Despite a dismal performance in the first quarter of FY17 where its same-store sales growth went into the negative territory for the first time in past seven quarters, Jubilant FoodWorks is confident of an improved show and a positive same-store sales growth in the second quarter.
At a time when the Railways plans to invest Rs 8.56 trillion to develop infrastructure, veteran banker Deepak Parekh today said the government needs to carefully evaluate its finances and focus on building only core assets.
For several months now, noted analyst Sanjeev Prasad of Kotak Institutional Equities has maintained that the gush of liquidity globally has lifted stock prices to the point where fundamentals do not really matter.
Rajat Rajgarhia of Motilal Oswal Securities, said India has been a classic bottom-up stock-picking play. â€œPick the right stock and if the market does well, it will do well.â€ Gautam Duggad of Motilal Oswal Securities, said while some sectors are seeing a revival, some others will take a few quarters, he said.
The monsoons, Seventh Pay Commission and government spending in roads have been major triggers for markets. She is bullish on domestic cyclicals, namely, construction, cement and auto sectors.
Speaking to CNBC-TV18, Arundhati Bhattacharya, Chairman, SBI, said it it won‘t be a big negative, if there are no rate cuts. But she did say that a rate cut brings in more confidence. A whole of experts, and industry experts also spoke on the RBI's latest report.
Puducherry government today said it has sought an allocation of Rs 500 crore from the Centre to implement the recommendations of the Seventh Pay Commission in the Union Territory.
The Indian market is likely to continue its upward trend for the next 2-3 years. Investors will have to rummage through the overpriced pockets in the market, says Krishna Kumar Karwa, MD & CEO of Emkay.
Multiplexes, automotive and auto ancillaries make a good play in the coming quarters, according to experts.
In an interview with CNBC-TV18, Dilip Ghorawat, Wholetime Director and CFO of Sutlej Textiles said that the company is focusing more on exports and home textile segment and has seen exports increase by 30 percent sequentially.
Speaking to CNBC-TV18 Vibhav Kapoor of IL&FS said that liquidity will continue to drive markets. He said domestic factors are positive. "We have had the GST, the Pay Commission hikes and a good monsoon. Over all it is a good atmosphere for equities."
Current consolidation is just a pause in an otherwise strong market and factors like good monsoon and Seventh Pay Commission are likely to provide a thrust to economic recovery, Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company, tells CNBC-TV18.