In an interview with CNBC-TV18, Hemant Kanoria, CMD of SREI Infrastructure said he expects to see an upsurge in road finance if the government gives clear policy guidelines.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his views on stocks across various sectors. He is not much positive on Reliance Industries and DLF. Among the sugar stocks, he believes that Balrampur Chini makes a value buy now.
It's been a parliament session of half measures- the most successful was the banking amendment Bill that cleared both houses albeit with some changes.
A day after back-to-back passage of two key reforms Bills in Lok Sabha, Planning Commission deputy chairman Montek Singh Ahluwalia on Wednesday said that this would give a positive signal to investors and assure then of no policy logjam in the country.
Key equity benchmarks closed firm, but off day‘s highs on Wednesday, as the passage of the Banking Amendment Bill lifted sentiment.
In an interview to CNBC-TV18, Nischint Chawathe, analyst, Kotak Institutional Equities says Shriram Transport Finance Corporation and L&T Finance Holdings are likely candidates for the banking licence.
Lok Sabha approved the Banking Amendment Bill on Tuesday. Udayan Mukherjee, managing editor of CNBC-TV18 says this news could not have come at a better time for this set of stocks.
Banking and financials' stocks gained after the Banking Bill cleared by Lok Sabha yesterday. Experts believe the new Banking Amendment Bill would pave the way for RBI to issue new bank license.
The Banking amendment bill has been passed in the Lok Sabha and the Parliament is debating on the companies bill. CNBC-TV18 spoke to Piyush Goyal, spokesperson, Bharatiya Janata Party (BJP) regarding his opinion on the two bills and is there a deadlock between BJP and the government for economic legislation.
Welcoming the passage of much awaited Banking Amendment Bill, N Sivaraman, president, L&T Financial Holdings told CNBC-TV18, this step is in the direction of further reforms for the financial services sector.
After a discussion on the banking amendment bill in the Parliament, bank stocks see optimism and have almost soared in the intraday market. CNBC-TV18 spoke to SP Tulsian of sptulsian.com to know the exact cause of market optimism and what are the expectations from the market tomorrow.
In an interview to CNBC-TV18, S P Tulsian of sptulsian.com says he expects the Jet Airways- Etihad deal to come through this month.
Dhananjay Sinha of Emkay Global Financial Services believes the issue of the banking bill has been going on in parliament for quite some time and most of it has been priced into the market. Therefore, any incremental trigger from the news would be limited at this juncture
Nischint Chawathe of Kotak Institutional Equities explains on CNBC-TV18 that L&T Finance and Shriram Transport are to benefit the most from enactment of the Banking Amendment Bill due to their reach and flexibility of operations.
The Banking Amendment Bill is likely to be tabled in the Lok Sabah today. The bill entails removing 10 percent voting ceiling in private sector banks.
CNBC-TV18's Aakanksha Sethi learns that the Finance Ministry is looking at providing tax sops to foreign banks most likely from June.
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, warned of flash strikes if the government proceeds with the Banking Amendment Bill of 2011.
In a meeting yesterday Finance Minister Pranab Mukherjee assured India Inc that five key financial bills would be passed during the monsoon session. Now CNBC-TV18 learns that the FM has found support from the Standing Committee on Finance too on three of those five bills.
The proposed Banking Amendment Bill, if approved by in the Parliament, could trigger investor interest in some of the old private sector banks, say market participants.