Deepak Parekh, Chairman, HDFC is disappointed that there was nothing on corporate tax, except a proposal to cut corporate tax rate for MSMEs (Micro Small and Medium Enterprises) having revenues less than Rs 50 crore to 25 percent.
Speaking to CNBC-TV18 Ashok Wadhwa, Group CEO of Ambit, said that demonetisation has reduced the consumption engine which was propelling the Indian economy.
It will be a few more quarters before general consumption and investment cycles pick up, said Ashok Wadhwa of Ambit Capital. He added that he expects a strong positive consumption cycle in the first half of FY18 and an uptick in investment cycle in FY19 subsequently.
Ashok Wadhwa expects the next quarter to see stronger demand, a better sentiment and more consumption across sectors. If demand continues to sustain, he feels foreign investments will start to increase.
In the past 10 days, two major events — Brexit and Rexit — have created panic in the global and Indian markets. Ashok Wadhwa, Group Chief Executive of Ambit Holdings shares his views with CNBC-TV18 on these events that may have negative global and domestic implications.
In a panel discussion on CNBC-TV18, Kiran Mazumdar Shaw, CMD of Biocon said that the Finance Minister has made right investments in farming and drafted a reasonable Budget focusing on rural prosperity.
Ashok Wadhwa, Group CEO at Ambit Holdings says this Budget is all about appeasing smaller tax payers, which the government has managed to do.
In an interview to CNBC-TV18's Udayan Mukherjee & Sonia Shenoy, Madhu Kela, Chief Invst Strategist at Reliance Capital and Ashok Wadhwa, Group CEO at Ambit Holdings gave their expectations on Arun Jaitely's Union Budget and their outlook on the road ahead.
Wadhwa expects corporate earnings growth to be muted for some time, and sees a 6-7 percent downside in equity benchmarks from current levels.
Calling Budget positive Adrian Mowat of JPMorgan said the government has clearly put emphasis on kick-starting the economy, public spending and infrastructure. On fiscal deficit figure, which has been revised to 3.9 percent from 3.6 percent, Mowat said he is not worried about it.
Ashok Wadhwa, Group CEO, Ambit Holdings Pvt Ltd believes the finance minister may increase service tax rate. If concessions are provided to any sector, then the government should not bring legislations through backdoor. He hopes the finance minister is forthright enough to plan things for a five year period.
Welcoming the steps taken by team Modi, Rajiv Kumar says that he is impressed by the homework the government has done however, he would like to see a bolder, clearer roadmap for the economy.
FM understands the importance of manufacturing on one side and sustaining demand on other side and that is why the reduction on excise duty
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.