-
Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank’s head of India corporate banking, said in an interview.
-
The US dollar is trading near two-year lows. Wall Street banks, including Morgan Stanley and JPMorgan Chase & Co., expect further weakness in the US currency due to likely interest-rate cuts, slowing economic growth, and ongoing fiscal and trade policy uncertainty.
-
Taiwan and South Korea could also invite investor interest, said David Hunter
-
Two investment bankers of BofA who were under investigation and quit after an internal enquiry by the bank will also face adjudication proceedings.
-
The findings come after both Swiggy and Zomato had a tough Q3. While the Bengaluru-based company saw its losses widen 39 percent to Rs 799 crore on a year-on-year (YoY) basis, its Gurugram-headquartered rival saw net profits fall 57 percent on a YoY basis to Rs 59 crore.
-
Among the transactions being probed are Aditya Birla Capital and Sun Life India AMC Investments’ Rs 1,500 crore share sale in ABSL Asset Management in March, IFR reported, citing unidentified people.
-
It’s a contrarian call after a rush by investors to pour money into US assets since Trump’s comprehensive election victory last week
-
BofA's strategy suggested that the sectors benefiting from welfare schemes—particularly staples, retail, and apparel—are poised for growth
-
"It supports the government's ambitions for attracting large-scale manufacturing investments," the Wall Street firm said, adding it expects the rupee to decline to 84 to the U.S. dollar by the end of the year.
-
Berkshire still holds stake in BofA that is worth over $42 billion, making it one of the bank’s largest shareholders.
-
The Reserve Bank of India is likely to cut the key policy rate by 100 basis points in the next two years, while interest rate swaps are not pricing in any cuts at all during the period, Vikas Jain, head of India fixed income, currencies and commodities trading, said in an interview.
-
Morgan Stanley trimmed its price target on the stock to $210 from $220 on Monday, expecting Apple to give a disappointing forecast when it reports
-
The Indian market has delivered returns superior to virtually every market in the world, be it on a 3-month, 1-year, 5-year, or 10-year basis, said Raj Balakrishnan, Managing Director, Co-Head of Investment Banking, Bank of America.
-
Japan is the favourite and Indonesia comes a far third, and a considerable share of fund managers are bracing for a weaker global economy
-
The strategist correctly predicted the US stock slump last year, and has remained bearish in 2023 even as the S&P 500 rallied.
-
The Nifty target is 14 percent higher than its May prediction of 18,000. The brokerage house leans in favour of largecaps over small and medium caps, saying their valuations appear to be elevated and earnings growth estimates stretched
-
Bullishness for Paytm is spread across the Street as it now enjoys a 'buy' rating from 11 out of the 13 brokerages covering the scrip.
-
Several foreign brokerages including JP Morgan, Citi and Bank of America Securities have charted out a positive growth outlook for Paytm operator, One97 Communications
-
The report highlighted that the cost-cutting measures resulted in reduced growth rates of 15-30 percent for startups, compared to their previous growth rate of 60-80 percent.
-
The sentiment among fund managers deteriorated to the most bearish this year, with 65% of survey participants now expecting a weaker economy, BofA’s poll showed.
-
The brokerage said IT remained at its top underweight. BofA also said it remained underweight on staples, discretionary and telecom sectors. It continues to favor financial, industrials, cement, steel and select auto (two wheelers), utilities and healthcare as defensive plays. BofA remained normal weight on the energy sector
-
JPMorgan, the nation's largest bank, told all employees they "should never give the appearance of exploiting a situation of stress or uncertainty," in a March 13 memo, extracts of which were seen by Reuters. "We do not make disparaging comments regarding competitors."
-
The inflows offer a first glimpse into the deluge of deposits that made its way to the country’s largest banks as customers fearful of a spreading crisis sought refuge in the firms seen as too big to fail.
-
“The recent correction in rupee valuation and near-term improvement in current-account and capital flows tilt the risk-reward in favor of rupee appreciation,” Abhay Gupta, a strategist at BofA Securities, wrote in a note. The firm has turned ‘constructive’ on the rupee.
-
“In the last quarter, the swaps market is pricing a cut in India, which I find very hard to believe,” said Jayesh Mehta, India country treasurer at the US bank said in an interview last week. “Our domestic demand is good, backed up by equally good local growth.”
