INDIAN MACRO CHALLENGE
Brokerages find TCS valuations expensive post Q3 results; stock falls 2%
Kotak Institutional Equities maintained ‘Reduce’ rating on TCS with a fair value of Rs 2020. However, it said that TCS is a must have in the portfolio at the right valuation. Edelweiss Securities maintained ‘Hold’ rating on the stock with a target price of Rs 2,175. “The stock’s expensive valuation (22.9x FY21E EPS) compels us to retain ‘Hold’,” the brokerage house said.
‘India Inc’s H1 capex resilient despite macro uncertainties’
This amount is a 5.5 per cent increase over FY19 net fixed assets (NFA).
EMs to outperform US markets in 3-5 years: Chris Conkey, Manulife Investment Management
Looking at global scenario as one in which it is impr...
Nirmala Sitharaman urges industry to stop ‘self doubt’
Sitharaman asks India Inc to bid enthusiastically for PSUs where govt is looking to cut stake
Market Movers: What changed for D-Street while you were sleeping
Nifty on Tuesday ended Calendar 2019 below the 12,200 mark.
Indian growth story based on strong eco fundamentals: Ambassador Shringla
“India is on the march! It became a 3.0 trillion economy this year (IMF World Economic Outlook, Oct 2019). It took us nearly 60 years after independence to reach the 1 trillion mark, only 12 years since then to take it to 3.0 trillion and only 5 years, from 2014-2019, to take it from 2.0 trillion to 3.0 trillion.
View: The devil of economic slowdown is not in the macro, but in the micro
Economists will bat for factor markets reform to revive growth. But we need to fix the problem sector by sector.
Weak investment, muted monetary transmission big challenges for Indian economy: Goldman Sachs
The challenges for economy include weak investment, muted monetary transmission and slow GST collections.
Macro growth is moderating, but profit growth should do much better: Prashant Jain
In India, every difficult situation is an opportunity, a trigger for change.
A 2-4-6-8 framework can be Holy Grail of Indian macros: Kelkar, MS
"We have stayed away from state-owned banks for the longest time."
NBFC stress to hurt banks badly, says Fitch
Indian banks have thin buffers against systemic NBFC stress, says Fitch.
Govt on track to make India $5 trillion economy by '24: Misra
"On the economic front in particular, the prime minister has set a goal of becoming a five trillion dollar economy by 2024. While this is an ambitious aspiration, we are on track and fully committed to the same," said Principal Secretary to the Prime Minister Pramod Kumar Misra.
All eyes on Narendra Modi's new cabinet as Indian economy faces yet another slow down
In first quarter FY18 Ind-Ra predicts a deceleration of growth to 6.3% from 6.6% in Q4FY19.
FM’s foreign debt plan good, but is fraught with challenges
We need to be vigilant to mitigate medium-term external stability risks.
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