Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals, senior bankers told Reuters.
While most economists and financial market experts have hailed the move as a long term positive for the economy, they see it hurting growth in the short term. Many broking firms have lowered their GDP estimates for FY17, and some economists feel the slowdown could prolong into FY18 as well
During the event, Nowotny described as overblown warnings by some critics that the euro could fail as a currency, and said the problems were with certain member states.
Several senior executives at foreign investment banks in Mumbai said 'green' concerns had clouded Coal India since its listing five years ago, and few were keen to take on a deal that could tarnish their public image.
The emerging market wave, coinciding with the collapse in commodity prices, follows the US stage, which marked the fallout from the housing crash, and the European stage, when the US crisis spread to the continent's sovereign debt, the bank said.
Deutsche Boerse's MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, rose by 7.7 percent to 67.1 in June from 62.3 in May. Results of the June business survey provide a tentative sign that the downturn in overall sentiment may have bottomed, it said.
Laijawala said the economy was showing signs of recovery and that it would reflect in corporate earnings from the second half of this fiscal.He was confident that the government would soon increase public investment.
Air India has already taken the delivery of one aircraft late last month, and the remaining two are scheduled to be delivered to the carrier by this month and in June 2015. "The bridge financing of this aircraft (the already delivered) was arranged by Deutsche and Standard Chartered Banks.
Jim Walker is overweight on India on imporving corporate earnings and subdued commodity prices.
The brokerage said key upside risks to the rating included the current strong market technicals, steel price recovery in India and continued decline in raw material costs.
YES Bank said the asset management business will complement the bank's retail liabilities strategy, strengthen multi-product customer engagement and also allow the bank to leverage its distribution network for customer acquisition
The market was surprised by news of Deustche Bank withdrawing from gold and silver benchmark setting, or fixing, as German regulators investigate suspected manipulation of precious metals prices by banks.
The Sensex has shed over 450 points in 2014 so far, making it the second worst New Year show in nearly two decades, but the leading foreign brokerage is hopeful of Indian equities touching new peaks in coming months.
The US jobs data on Friday came in stronger than expectation reigniting the fear that the Federal Reserve may soon begin pulling back its monetary stimulus.
Rupee will oscillate between "mild appreciation in good times and sharp depreciation in bad times" unless the twin deficits are addressed through a return to investment-led growth and reduced inflation, says Deutsche Bank.
Infosys has not seen any changes to its near-term business outlook, Deutsche Bank says in a report, citing a conversation with CFO V. Balakrishnan.
U.S. private equity firms Carlyle Group and Warburg Pincus took advantage of India's recent stock market gains to pare stakes in two financial companies in deals worth USD 440 million, a sign of investor wariness about the sustainability of the current rally.
Rising inequality both within countries and between nations have reached critical levels that need to be addressed to avoid trade, tax and regulatory backlashes that could strangle an already wounded world economy, European money managers say.
What very few people would know about him is that Mistry is very fond of Hindi music, and trained as a boxer while at college, even though it is cricket that excites him more.
The combination of recent performance, volatility in earnings growth and valuations make midcaps the most attractive investment option over 1-3 years.
Cheering up the deal, experts feel that the deal is positive. Moshe Katri, MD, Cowen & Co, Rohit Kumar Anand of PINC Research and Sandip Agarwal, IT Analyst at Antique Stock Broking gave their perspective.