A total of 16 large states are set to borrow more again this fiscal despite higher allocations from the Centre, with the cumulative borrowing likely to reach Rs 3.5 trillion from Rs 2.95 trillion in 2015-16, says a study.
Nomura has predicted that Indian Railways would achieve 75% of its five-year (FY16-FY20) capex target of Rs.8.5 lakh crore and add 0.8 percentage points to India’s average GDP growth over the medium-term (5-8 years).
Reserve Bank on Tuesday cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors and indicated accommodative stance going ahead
Despite developed markets on a weaker footing, India's growth cycle appears to be holding up and is likely to clock 7.6 per cent this fiscal, which may further improve to 7.8 per cent in the next financial year, a Nomura repo
Retain ‘buy’ on Dr Reddy's Laboratories and assign a target price of R 4,919 per share, valuing the stock at 23x our FY17-18f average EPS forecast of R214. The stock currently trades at 21x FY16F and 18.7x FY17f estimates
Global financial services majors Citigroup, Nomura and Bank of America Merrill Lynch believe the loss would likely hurt the market in the "near-term", but the fears of derailment of the reform agenda may be "exaggerated".