Chairman of Enam Securities Vallabh Bhansali believes demonetisation is a success despite ‘flip-flop on rules that government has to calibrate on daily basis.‘
Watch Madhu Kela of Reliance Capital and Vallabh Bhansali of Emam Securities discuss demonetisation and a host of various other issues as also the way forward for India.
Speaking to CNBC-TV18, Vallabh Bhansali, Chairman of Emam Securities said that more expenditure from the government is needed. The upcoming Budget could have more spend towards infrastructure.
Vallabh Bhansali of Enam Group has termed this move as most revolutionary and expects the equity market and economy to celebrate this with vigour and enthusiasm.
If Brexit happens the market may not react too much because the news is already discounted, says Vallabh Bhanshali,Chairman, Enam Securities.
If he had to choose between his daughter and Warren Buffet to spend a weekend, no prizes for guessing what this whizkid of Dalal Street will do.
The company‘s Managing Director, R Vasudevan, told CNBC-TV18 that Tamla Chemical, owned by Vallabh Bhansali, bought 1.17 crore shares in the company.
Das said the incoming government needs to abolish at least 70 clearances if manufacturing in the country has to be boosted. There was also a need to reform senseless labour laws and at the same time have a labour welfare fund.
Vallabh Bhansali, Co-Founder & Chairman, Enam Securities believes that Raghuram Rajan, who will become the new Reserve Bank of India governor is likely to bring fresh and global perspective to economic issues.
In an interview to CNBC-TV18, Vallabh Bhansali, chairman, Enam Securities says the merger of the two software services exporters is a landmark move.
CNBC AWAAZ launches a new show, Kaun hai - Bharat Bhagya Vidhata which is a take on business and philosophy, hosted by none other than Vallabh Bhansali.
Like many others veteran banker Deepak Parekh says the downgrade of Indian banks by Moody's is totally unjustifiable. In fact India's leading housing finance company’s head goes one step ahead and says India should have its own rating agency.
During the bull market of 2007-08, Japan's Nomura was widely tipped to acquire Enam for USD 1 billion. In November last year, Enam eventually sold its investment banking and equity businesses to Axis Bank for Rs 2067 crore (roughly USD 460 million).
Vallabh Bhansali, Chairman of Enam Securities has given his outlook of 2011. According to him, India is not overstretched but not attractive either.