Ashok Wadhwa, group CEO, Ambit explains, in an interview to CNBC-TV18, that the government and India Inc must team up to boost biz sentiment.
In an interview to CNBC-TV18, Ashok Wadhwa, Group CEO of Ambit Holdings spoke about his reading of the latest RBI credit policy and the road ahead for the Indain economy.
CNBC-TV18's Senthil Chengalvarayan caught up with Wadhwa to find out his views on the economy and the road ahead for Indian equities.
Ashok Wadhwa of Ambit Capital believes use of the term, 'beneficial ownership' is worrying investors and its context is now key to interpreting what the Finance Ministry intends to do. He also added that Chidambaram's intent seems to continue honouring the Mauritius route.
According to Ashok Wadhwa, group CEO of Ambit Holdings, poor economic growth might discourage foreign investors from putting money into Indian stocks.
At closing bell, the frontline indices closed with cuts of around 1.5% each. But experts haven‘t given up on the market yet. They are optimistic in the near-term. According to them, the uptrend is still intact.
The unfortunate development for the Congress in the state elections will have a profound effect on the Budget, says Ashok Wadhwa, group CEO of Ambit.
What market wants from the Budget? Experts discuss.
Ashok Wadhwa, chief executive officer, Ambit Holdings, joins CNBC-TV18 to discuss the mood in the market and suggest where to park your money.
The Sensex shut shop at 17,560, with a 53 point gain despite stable global markets. Experts see a new rally starting from August. They also believe that India remains a great market for stock-pickers as its fundamental growth prospects are still extremely strong.
Ashok Wadhwa, Group CEO of Ambit Holdings anticipates one more fall in this market and sees a new market sentiment emerging at the end of this calendar year or post October
Wharton-India Economic Forum, every year policymakers, fund managers and industry experts come together in Philadelphia to discuss India. The theme for this year's conference is India gaining momentum. CNBC-TV18's Malvika Jain spoke to some of the biggest names in the world of finance, some very inspiring entrepreneurs and decision makers.