In a meeting with the internal committee of Sebi, the firm proposed to pay Rs 25.35 lakh, as per the settlement order dated October 30.
“Indian debt levels are high, they are uncomfortable. The result of the stimulus programme has been that Indian bond yields have gone up a bit but if Indian growth does recover then the country will probably get the inflows of funds to finance that,” he observed.
Credit Suisse Chairman Urs Rohner told a news conference Thiam still enjoyed the full confidence of the board.
The near-term outlook for the sector looks bleak and a lot will depend on how consumers spend during the coming festive season.
The brokerage prefers Nestle India, Dabur India, Colgate Palmolive as they are turnaround stories on market share gains.
The healthcare major's June quarter earnings beat analyst expectations on all parameters, with profit growing more than 31 percent on growth in India and US businesses.
Credit Suisse, Citigroup and Deutsche Bank raised their respective target price on the FMCG major to Rs 375, which translates into an upside of nearly 30 percent
The world, especially the West, is still coming to terms with the emergence of China as an economic superpower, Camacho added.
As Deng Xiaoping said, let some people get rich first
JP Morgan maintained overweight call on Tata Steel post Q3 results but reduced its target to Rs 880 from Rs 980 earlier
He said the big pain point has been the mid and smallcaps mainly because of the liquidity issue
With the appointment of new MD & CEO, focus will now shift to business as usual and will take away near-term overhang from the stock, suggest experts.
Experts are still bullish on ITC and one big reason as highlighted is valuations which are fairly attractive when compared to other large FMCG peers. Also, stable tax policy for cigarettes hereon should act as a tailwind
Credit Suisse maintained its underperform rating on Lupin with a target price of Rs 800 while CLSA maintained its sell rating on Ashok Leyland and slashed its target price to Rs 75 from Rs 85 earlier.
Credit Suisse believes there is a risk of earnings cuts to bring growth closer to historical trend and also that of P/E de-rating once these aggressive estimates do not play out
The agricultural distress is impacting 200 million workers and can cause political churn and policy experimentation, leading to uncertainties in times of the ongoing economic slowdown, the foreign brokerage said in a report.
Family-owned businesses were also better performers financially vis-à-vis non-family owned companies.
The asset class that one is seeing benefit from the savings story is equity investments, said Richard Kersley of Credit Suisse.
The investment bank has released its latest version of a Emerging Consumer Survey that interviewed more than 14,000 respondents across eight emerging economies including India, China and Indonesia. The survey assesses the overall mood of consumers in those markets and looks at their spending patterns, savings behavior and brand preferences among others.
Higher interest rates stateside could trigger capital outflows from emerging economies as investors search for better yields in the U.S.
The Feb 12 circular from RBI will accelerate the NPA process and will lead to a faster recognition of pain in the books, said Ashish Gupta of Credit Suisse.
The brokerage warned that state-run banks, which are typically the largest investors in sovereign securities, could lose more than 200 billion rupees ($3.1 billion) in the January-March quarter, due to a continued spike in bond yields and as they held more bonds than are required by the regulator.
The firm expects the company to get clearance for the Halol plant in the next 4-6 months adding that the US FDA observations are not very serious. It is of the view that observations 2 and 3 are procedural in nature while observation 1 relates to aseptic processing of drug products.
Investors should use dips to buy into quality stocks, especially low PE stocks which could act as a shield against market volatility.
A total of Rs 35,828 crore will be infused into nine banks that haven't triggered prompt corrective action (PCA), including State Bank of India (SBI), Punjab National Bank and Bank of Baroda, among others, while Rs 52,311 crore will be pumped into 11 banks that have triggered PCA, including IDBI, Central Bank of India, and UCO Bank.