Bank Of-america-merrill-lynch

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Bank Of-america-merrill-lynch - Total results - 68
JSW Steel plans to bid for ArcelorMittal's Romanian plant, will compete with Ukraine’s Metinvest and Italy’s Marcegaglia
Business

JSW Steel plans to bid for ArcelorMittal's Romanian plant, will compete with Ukraine’s Metinvest and Italy’s Marcegaglia

ArcelorMittal had to put 6 European assets up for sale to get approval from European competition authorities for its purchase of Italy’s giant Ilva plant.

RBI may cut key lending rate by 25 bps in August policy review as inflation in January peaks off: BofAML
Business

RBI may cut key lending rate by 25 bps in August policy review as inflation in January peaks off: BofAML

BofAML expect RBI MPC to look through the jump in inflation to 5.4 percent in April-June, as it is driven by base effects

Japan's telecom giant SoftBank mulls raising $3-5 billion via bond issue
Business

Japan's telecom giant SoftBank mulls raising $3-5 billion via bond issue

The group has named Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank as joint global coordinators for a bond offering

Cooling food inflation to pull June CPI to sub-2%: Bank of America Merrill Lynch
Business

Cooling food inflation to pull June CPI to sub-2%: Bank of America Merrill Lynch

"We have grown more confident of our call for a 25 bps RBI rate cut on 2 August with CPI inflation falling to 2.2 percent in May from 3 percent in April," Bank of America Merrill Lynch (BofAML) said in a note

Amazon could become the second biggest e-commerce company in India by 2019: Report
News & Analysis

Amazon could become the second biggest e-commerce company in India by 2019: Report

Amazon could be the second biggest player after Flipkart in the online retail market by 2019, says a new Bank of America Merrill Lynch report.

BoA-ML expects 25 bps cut in interest rate in August policy meet
Business

BoA-ML expects 25 bps cut in interest rate in August policy meet

According to the global financial services major, normal rains are pushing up sowing and river waters would douse agricultural inflation (agflation) going forward

Morgan Stanley, BofA-ML expect RBI to cut interest rates by 25-50 bps by FY17
Business

Morgan Stanley, BofA-ML expect RBI to cut interest rates by 25-50 bps by FY17

Both investment banking firms have cited prospects of good monsoon and slowing inflation numbers for their optimism towards the likely rate cuts

50 bps lending rate cut likely by Sept: Bank of America Merrill Lynch
Business

50 bps lending rate cut likely by Sept: Bank of America Merrill Lynch

Banks in India are expected to cut lending rates by up to 50 basis points by September as there is sufficient liquidity in the system, says a Bank of America Merrill Lynch report.

Indian start-ups at risk as investors close taps, PM Modi's Rs 10000 cr fund falls short
Business

Indian start-ups at risk as investors close taps, PM Modi's Rs 10000 cr fund falls short

According to a new report by CB Insights and KPMG, venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015 from July-September

China's Baidu may look to invest in Zomato, BookMyShow and BigBasket
Business

China's Baidu may look to invest in Zomato, BookMyShow and BigBasket

Baidu declined to comment on possible investment amounts or time frames.

Oil prices rebound from 11-year lows on start of peak-demand winter season
Business

Oil prices rebound from 11-year lows on start of peak-demand winter season

Global crude benchmark Brent was at $36.46 per barrel, up over $2 from yesterday's 11-year low level

Opec firm on high production, to stay on course despite fears of $20 oil
Business

Opec firm on high production, to stay on course despite fears of $20 oil

Ministers might consider raising the ceiling to 31 million bpd to accommodate Indonesia, which pumps about 900,000 bpd and is rejoining OPEC after a seven-year break, delegates say.

Bihar poll results: Fears of derailment of reform agenda may be 'exaggerated'
Business

Bihar poll results: Fears of derailment of reform agenda may be 'exaggerated'

According to Bank of America Merrill Lynch reforms will continue to be "calibrated", especially after the Bihar poll result, and this may disappoint some segments of the markets.

Lodha relaunches $350 mn overseas bond sale plan
Business

Lodha relaunches $350 mn overseas bond sale plan

Lodha had appointed Bank of America Merrill Lynch and JP Morgan as bankers for the bonds, which would be issued by its subsidiary Lodha Developers International, Mauritius, with Lodha Developers International Holdings and another subsidiary, Palava Dwellers, as guarantors.

RBI may cut rates by another 50 bps in H1 2015, say experts
Business

RBI may cut rates by another 50 bps in H1 2015, say experts

Slowdown in inflation has given room for RBI cut policy rates by 50 basis points in the first half of this year, experts believe.

Earnings: IOB posts loss of Rs 516 cr in Q3 on high provisioning
Business

Earnings: IOB posts loss of Rs 516 cr in Q3 on high provisioning

IOB reported a net loss of Rs 516.03 crore for the quarter ended December 2014 due to higher provisions for bad loans.

 ECB liquidity drive to offset Fed tapering impact: BofA-ML
Economy

ECB liquidity drive to offset Fed tapering impact: BofA-ML

The ECB announcement of monthly bond buying of €60 billion will help offset the impact caused by a likely tightening by the US Fed, the report said.

Reliance Industries raises $1 bn via 10-year bond issue
Business

Reliance Industries raises $1 bn via 10-year bond issue

This is the "lowest coupon ever achieved by an Asia ex Japan corporate issuer in the BBB category for a 10 year issuance with a size of $1 billion or more" the company said in a statement.

Investment decision only after clarity on gas price: RIL
Corporate

Investment decision only after clarity on gas price: RIL

For RIL, a revision in natural gas prices was due on April 1, 2014, when the $4.2 per million British thermal unit rate fixed for first five years of production expired.<br />