News & Announcements
Goldman Sachs, in a sweeping report to clients Wednesday, said it is an once-in-a-lifetime opportunity to buy stocks, which the firm said are undervalued after 20 years of relative underperformance against bonds. “The prospects for future returns in equities relative to bonds are as good as they have been in a generation,” wrote Peter Oppenheimer, [...]
The Positives – By allowing external commercial borrowings (ECBs) in the low-cost housing segment, the supply of affordable housing projects will increase in the outskirts of Mumbai in areas such as Karjat, Boisar, Nalasopara, Virar, Dombivili etc. on the heels of increased liquidity for budget home projects. – The extension of 1% interest subvention scheme [...]
Sentiment towards benchmark oil prices is evenly balanced this week, with some in the markets saying higher US gasoline prices are causing ‘demand destruction’ while others say supply risks focused on Iran will continue to keep prices well-supported, CNBC’s weekly survey of market sentiment showed. US drivers paid 3.8 cents more for a gallon of [...]
Analysts are concerned about the 80% incremental cess which will be levied on crude as announced in the Union Budget 2012-13. Upstream companies like ONGC , Oil India and Cairn India which are involved in exploration and production activities have a reason to worry as their toplines will be impacted with this move. Currently, these [...]
The verdict is in on Pranab Mukherjee’s budget on Friday, and it’s not good. A round-up of the reactions: Economist Surjit S Bhalla says that Budget 2012 is perhaps the second worst budget of all time. “Only Indira Gandhi’s 1970-71 budget which raised marginal taxes to 97per cent comes close to yesterday’s effort.” The reasons [...]
The countdown has begun for the most awaited event of the year in India. All eyes are today on the Union Budget 2012 to be presented by Pranab Mukherjee for the seventh time. Though no bid bang reforms are expected this time, capital markets may elicit an immediate reaction depending on what Pranabda has in [...]
The Rail Budget 2012 did not have anything meaningful for the markets to feed on yesterday. The performance of railway stocks too was a mixed bag. Nifty closed a range-bound session with a 35 point gain, while the Sensex added over 100 points. Today, all eyes will be on the credit policy and the tone [...]
It’s the D-day and all eyes will be on Union Minister Dinesh Trivedi who will present the Railway Budget 2012 in Parliament. Sources say that the government is likely to impose a safety cess, although it will not be labelled a fare hike. Sources add that there is a possibility of an additional surcharge, called [...]
The Reserve Bank of India (RBI) is widely expected to hold interest rates steady at its policy review on Thursday ahead of the Budget, a new Reuters poll found, which showed expectations for a start to the rate cut cycle have been pushed back since January. The RBI will leave its key repo rate unchanged [...]
Terming the RBI action to infuse liqidity “appropriate”, Prime Minister’s economic advisory panel chief C Rangarajan on Sunday said policy rate cuts by the central bank would depend on inflation movement. “I think that (policy rate cut) will depend very much upon how inflation behaves. But this present decision of cutting CRR by 75 basis [...]
