According to Nomura, the GST Council may scrap the 12 percent slab in its upcoming meeting, potentially lowering taxes on tractors, air conditioners, and term life insurance
The Mumbai-based financial services group is exploring a sale of a 25% to 35% stake in the unit, the people said, asking not to be identified because the deliberations are private.
Incidentally, Oza, who has had a stint of over 25 years as a dealmaker was also a founding member of Nomura when it set up shop in India back in 2006.
Top stocks from Nomura include ICICI Bank, Axis Bank, Larsen & Toubro and Dr. Reddy's Lab.
Inflation will rise from here but despite that do not expect the RBI to hike rate but stay on hold for full of 2018, said Vivek Rajpal, Rates Strategist, Nomura India.
To a certain extent the negative is in the price because market’s base case is that on the fiscal front government will slip, said Vivek Rajpal, Rates Strategist, Nomura India.
In an interview to CNBC-TV18, Deepali Bhargava, Economist at Credit Suisse and Vivek Rajpal, Rates Strategist at Nomura India shared their reading and outlook about the same.
The inflation is likely to remain in the range of 2.99-3 percent, says Vivek Rajpal, Rates Strategist, Nomura India.
Indian market galloped to fresh record highs earlier this week after BJP managed to clinch a majority in state election results especially Uttar Pradesh. A clean sweep would ensure a smooth transition of policy reforms of the government.
Reserve Bank of India (RBI) is towards the end of rate cut cycle, says Vivek Rajpal of Nomura India. He further says that bond yields will rally only by 5-10 basis points (bps) if RBI cuts rate by 25 bps and expect the 10-year bond yield is unlikely to go to the level of 6.35.
The Reserve Bank of India will hold its bi-monthly policy meet today. Experts expect 25 basis point (bps) cut. But, probability of a 50 bps cut cannot be ruled out, says Vivek Rajpal, Rate strategist at Nomura India.
Nomura India has a constructive view on the Indian rupee and expects it to outperform other emerging markets in the medium-term perspective, says Rates Strategist Vivek Rajpal. The rupee opened at 68.75 to a dollar in trade today.
Watch the interview of Vivek Rajpal, Rates Strategist at Nomura India with Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18. He shared his views about the money market.
Monetary policy easing will depend on a couple of global and domestic factors, according to Vivek Rajpal of Nomura India.
The market was expecting him to continue, says Rajpal, and that if he would have decided to take up a second term he would have been very serious about the medium-term inflation targets. This would have been very beneficial for the bond markets.
Vivek Rajpal, rates strategist at Nomura India, says: "We will head into the new fiscal year with a total core system liquidity deficit of neutral level if we get one more OMO, which effectively means that liquidity worry will go away in the month of April."
There is a need for investment lift-off and for that to happen, the government will have to mobilise the savings in the economy and make it available to the private sector, says Edward Teather, senior economist Asean & India of UBS Investment Bank
Ahead of its IPO, which opens on Monday, software provider Quick Heal Technologies has raised Rs 133.9 crore through issue of shares to 10 anchor investors, including BNP Paribas Advantage and Reliance MF.
In an interview to CNBC TV-18, Utpal Oza, MD and head of investment banking, Nomura, says Alkem being a late entrant in the US market is an advantage as it can learn and imbibe the best practices from established peers.
Vivek Rajpal, Rates Strategist, Nomura India in an interview to CNBC-TV18 spoke about the impact of IIP, CPI numbers on money market.
The July Wholesale Price Index (WPI) contracted for ninth straight month to -4.05 percent against -2.4% in June on account of easing commodity and food prices.
On Reserve Bank lowering interest rates now that the monsoon is on course atleast for now, Vivek Rajpal, rates strategist, Nomura India, believes the market will slowly move away from rate cut expectations.
Given the weakness in industrial output and downtrend in inflation, expectations of a rate cut by the RBI at its June meet have risen.
Vivek Rajpal, rates strategist, Nomura India believes FIIs will make a come back only on good newsflow
While on-the-ground prices in March were contained and are not yet a significant cause for inflation concern, the past four episodes of unseasonal rain suggest that there are upside risks to food inflation, and therefore CPI inflation, in the next three months, Varma added.