India’s electrical and consumer durable sector is largely dominated by foreign players such as LG and Samsung; however rapid changes to dynamics of the sector could now see domestic listed companies benefit.
The consensus forecast for FY22 growth is between 10% and 11% by most analysts, including international raters like S&P, Fitch and Moody's, and so is their domestic counterparts, with the lowest among them being 9% by Brickwo
Japan's three leading automakers expect a stronger yen will cost them around $14 billion in lost operating profit this year alone - just as they need to invest more in everything from cleaner fuel to driver-less cars.
Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of USD 324 million to settle a lawsuit accusing them of market manipulation of interest rates.
Shares of oil marketing companies such as Bharat Petroleum Corporation, Indian Oil Corporation and Hindustan Petroleum Corporation gained on Tuesday after Credit Suisse maintained its "outperform" rating on fuel retailers
Bank of America Merrill Lynch (BofAML), CLSA, Credit Suisse, Equirus Securities and Motilal Oswal Financial Services slashed their earnings estimates in the range of 5-15% for the next two fiscal years.
The foreign brokerage house noted that the ten 'House of Debt' groups saw their respective debt levels increase by 5% in fiscal 2014-15 (FY15) and up 12% since the last edition of the report which was released in 2013.
Switzerland's wealth managers have long courted Asia's super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has made the country a less attractive place to keep cash.