Global Financial Services

According to the global financial services major, following the demonetisation move, the dampening impact on economic activity is clear, especially on consumption, supply chain and cash dependent businesses and inflation over this quarter and the next.

HSBC keeps Sensex target unchanged at 29,000 for Dec-end

HSBC, which has also not changed its 32,400 Sensex target for December-end 2017, noted that the two major events last week may have short-term impact as the country's fundamentals remained strong.

'Inflation to ease to 4.5-4.75% by Mar-17; 25-50 bp cut likely'

According to the global financial services major, inflation will remain on a moderating path, with near-term readings likely undershooting RBI's trajectory.

Softening trend in inflation leaves door open for rate cut: DBS

According to global financial services major DBS, the softening trend in inflation leaves the door open for a rate cut in the fourth quarter of this calender year "with odds of a move in October on the rise".

Bumpy road to recovery for Indian economy: Citigroup

According to the global financial services major, the monthly investment indicator improved smartly in February- March 2016 to a five-year high level on the back of improvements in intermediate goods like diesel, power, cement, bitumen, capital goods imports etc as well as good prints on indicators of movements of goods.

Morgan Stanley revises up India's growth estimate to 7.7%

According to the global financial services major, the growth recovery is becoming more broad-based, driven by public capex, FDI and consumption.

BSE 100 cos see 5 pc sales jump in Q4 after year-long decline

The top 100 companies listed on BSE saw an average 5 percent growth in sales for the three months ended March 2016 after four consecutive quarters of decline, according to a Credit Suisse report.

India to clock 7.4% GDP growth this fiscal: StanChart

The expectations of a growth recovery are contingent on consumption revival, especially rural demand as investment-led recovery will likely be gradual amid rising external woes, the global financial services major said.

India's GDP growth likely to be 7.7% this fiscal: Citigroup

According to the global financial services major, India's relative macro outperformance continues in a difficult global environment and "it might be time to tune up the optimism on India again".

India to remain attractive investment destination: Citi

According to the global financial services major, the structural drivers of growth are likely to benefit from reforms but external headwinds remain strong.

Tata signs up China's ICBC for financial services

Under the alliance, ICBC will provide the Tata group with financing products, global cash management, consulting, international trade finance business, investment banking, foreign exchange, derivatives trading, and other global financial services, Tata Sons said in a statement.

Work on projects worth Rs 1,000 cr in full swing: Gift City

Construction work on 1.6 million square feet of built up area (BUA) has begun with projects by Viridian RED setting up World Trade Center, Hiranandani Group, a Business Club and an Affordable Housing project, GIFT city said.

Rupee may weaken more on China currency depreciation: Citi

According to the global financial services major, the surprise element associated with the yuan's depreciation may force investors to liquidate their positions across markets.

China worries weighing on metals: Emkay

"Fall in inventory was seen in zinc (by 6.4%) and aluminum (by 4.1%). China will continue to play the most important role in terms of price volatility. "China worries weighing on metals", says Emkay.

India outperforms China in manufacturing growth in January

India bucked the overall lacklustre trend, registering one of the fastest rates of expansion in two years," it noted. India's EMI rose to 53.3 in January from 52.9 in the previous month while the same stood at 49.6 in January 2014.

Rupee may recover to 61/$; CAD to be fully funded: Barclays

According to the global financial services major, the country's Current Account Deficit (CAD), which is the difference between the outflow and inflow of foreign currency, has the potential to "surprise favourably".

Morgan Stanley sells United Spirits' shares worth Rs 566 cr

Morgan Stanley Asia (Singapore) Pte on Friday sold 24.50 lakh shares of the Vijay Mallya-led United Spirits for over Rs 566 crore in open market transactions.

Global financial majors lower India growth prospects

Global financial majors lower India growth prospects

FIIs getting frustrated by delay in FDI norms: KPMG

Hugh Von Bergen, Tax leader, Global Financial Services, KMPG, in an exclusive conversation with CNBC TV18's Ashwin Mohan, spoke on how banking scams could be avoided and stressed on prudent lending policies in the micro finance space.