Less than a week after the RBI lowered its GDP estimates for fiscal 2019-20, Moody’s followed suit by cutting its GDP growth forecast for India for fiscal 2020 to 5.8%. The 5.8% projection is one of the lowest estimates seen but was to be expected after Read more [...]

In a move that was always expected to be on the cards, the RBI rejected the proposed merger between Indiabulls Housing Finance and Lakshmi Vilas Bank. According to The Hindu, the RBI has rejected the proposed merger of IHFL and LVB subsequent to the feedback Read more [...]

Erstwhile FPI havens may have a tough time going ahead in terms of routing money into India. SEBI’s new FPI rules may create fresh challenges for the Mauritius route. Under the modified categorization rules, SEBI will grant FPI Category I status only Read more [...]

Nirmala Sitharaman has announced that the Finance Ministry would kick start the budget exercise from October 14 itself. With a view to getting more stakeholders involved in the budget process, the finance minister has announced that the budget preparation Read more [...]

The problems for auto company top lines continued for the month of September too. Auto companies failed to step up momentum in September despite the festival season. The festival season demand, government attempts to put more liquidity and the tax cut Read more [...]

The pressure on financial stocks is likely to continue due to asset quality concerns of vulnerable banks and non banking finance companies. Expect Yes Bank and Indiabulls Housing to remain under pressure. Markets are already building in a 25 bps Read more [...]

In a way, India continued with CAD above 2% of GDP. Current Account Deficit (CAD) narrowed to $14.3 billion for June 2019 quarter. The current account deficit at 2% of GDP was a better performance compared to the CAD at 2.3% of GDP in the Jun-18 quarter. Read more [...]

The markets are likely to be driven by a mix of global and domestic cues in the coming week. The impeachment motion against the US president will continue to hold the attention of the markets at a macro level. At a more micro level, the focus will Read more [...]