Nomura

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Coronavirus Outbreak: Govt’s economic stimulus package won't stop GDP from contracting in FY21, say analysts
Business

Coronavirus Outbreak: Govt’s economic stimulus package won't stop GDP from contracting in FY21, say analysts

The government’s reform moves and stimulus package will only help the deeply-impacted growth process in the medium term of over three years and will not push up the GDP in the short term, analysts at two foreign brokerages said on Monday

Indian economy may contract 0.4% in FY21 on coronavirus pandemic, says two foreign brokerages
Business

Indian economy may contract 0.4% in FY21 on coronavirus pandemic, says two foreign brokerages

Two foreign brokerages on Friday predicted a contraction of 0.4 percent of India's GDP in the current financial year due to the impact of the COVID-19 pandemic

Coronavirus Outbreak: Analysts flag economic growth concerns post-lockdown extension
Business

Coronavirus Outbreak: Analysts flag economic growth concerns post-lockdown extension

The 19-day extension of the lockdown on Tuesday by Prime Minister Narendra Modi led analysts to flag concerns over its economic impact, with some estimating a GDP contraction of 1 percent in FY21 as well

India's GDP to contract by 6.1% in April-June quarter; RBI may cut repo rate by 75 bps in 2020 to push growth: Nomura
Business

India's GDP to contract by 6.1% in April-June quarter; RBI may cut repo rate by 75 bps in 2020 to push growth: Nomura

The Indian economy will contract by 6.1 percent in the April-June quarter and is likely to expand only in the December quarter, a Japanese brokerage said on Monday, expecting another 0.75 percent cut in rates by the RBI to push growth in 2020

Missing consumer expenditure survey: Everyone knows what the numbers signal; opaqueness will only widen trust deficit
Business

Missing consumer expenditure survey: Everyone knows what the numbers signal; opaqueness will only widen trust deficit

One just needs to look at the sales figures of auto makers, FMCG companies and state of the manufacturing and construction sector to understand where does the consumer confidence indicators point at this stage.

Emerging economies like India more vulnerable to big oil price moves: Nomura report
Business

Emerging economies like India more vulnerable to big oil price moves: Nomura report

Given weak consumer demand, higher oil prices can result in stagflation in an emerging economy like India, which imports more than 70 percent of its oil needs, says a report

Nomura upgrades India to 'overweight' after Nirmala Sitharaman announces a slew of measures to stimulate growth
Business

Nomura upgrades India to 'overweight' after Nirmala Sitharaman announces a slew of measures to stimulate growth

Giving in to the demands of overseas investors, Sitharaman on Friday announced a rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

GDP growth set to slow further in April-June quarter to 5.7% amid contraction in consumption, weak investments: Nomura
Business

GDP growth set to slow further in April-June quarter to 5.7% amid contraction in consumption, weak investments: Nomura

The Central Statistics Office (CSO) will come out with the GDP figures for the first quarter (April-June) on 30 August.

Govt likely to use Rs 3 lakh cr excess capital of RBI to pay regular expenses: Nomura report
Business

Govt likely to use Rs 3 lakh cr excess capital of RBI to pay regular expenses: Nomura report

The Bimal Jalan committee report, which is delayed, will lead to the transfer of under Rs 3 lakh crore of excess capital from the Reserve Bank to the government, which will most likely use the money for meeting regular expenses, says a report

RBI cuts repo rate by 25 bps: Analysts expect another reduction in June on growth concerns, lower inflation forecast
Business

RBI cuts repo rate by 25 bps: Analysts expect another reduction in June on growth concerns, lower inflation forecast

A reduction in June will make it three cuts in a row, after the second consecutive interest cut of 25 bps effected earlier in the day after a similar move in February.

GDP growth target likely to be below 7% in 2019-20; global slowdown, tight financial conditions major headwinds: Nomura
Business

GDP growth target likely to be below 7% in 2019-20; global slowdown, tight financial conditions major headwinds: Nomura

The headwinds are likely to keep the growth mix skewed towards consumption and away from investment, the Nomura report said

Current account deficit expected to widen to 2.8% of GDP this fiscal: Nomura
Business

Current account deficit expected to widen to 2.8% of GDP this fiscal: Nomura

With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that current account deficit might rise in the current fiscal.

GDP growth may moderate to 7.2% in second half of 2018 due to tighter financial conditions:  Nomura report
Business

GDP growth may moderate to 7.2% in second half of 2018 due to tighter financial conditions: Nomura report

The report said tighter financial conditions, slowing global growth and adverse terms of trade will start to constrain GDP growth in second half of 2018.

Crude oil price hike may force RBI to up key interest rates in August, say three foreign brokerages
Business

Crude oil price hike may force RBI to up key interest rates in August, say three foreign brokerages

Rise in oil prices may lead to inflationary trends in the country, forcing the Reserve Bank of India (RBI) to hike rates by 0.25 percent in the August policy review, foreign brokerages said on Monday.

India to clock GDP growth of 7.7% in January-March quarter, says Nomura report
Business

India to clock GDP growth of 7.7% in January-March quarter, says Nomura report

Despite moderation in factory output growth in March, India's GDP is expected to grow by 7.7 percent in January-March, up from 7.2 percent in the preceding quarter, says a Nomura report.

Karnataka Assembly election, rise in growth trigger resurgence of cash in the economy, says Nomura report
Business

Karnataka Assembly election, rise in growth trigger resurgence of cash in the economy, says Nomura report

The Karnataka election and a rise in growth have led to the resurgence of cash getting back into the economy, to pre-demonetisation levels, said a report.

China sets GDP target at around 6.5% in 2018, will be able to create 11 mn new urban jobs, says report
Business

China sets GDP target at around 6.5% in 2018, will be able to create 11 mn new urban jobs, says report

China aims to maintain inflation level at around 3 percent and create over 11 million new urban jobs, reports Xinhua news agency.

MPC likely to hold repo rate on Wednesday on higher inflation, rising oil prices and strong GDP data
Business

MPC likely to hold repo rate on Wednesday on higher inflation, rising oil prices and strong GDP data

MPC had earlier, in August reduced the repo, or its repurchase rate by 0.25 percentage points to six percent.

New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to follow
Business

New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to follow

The offer comes soon after the Rs 11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be listed on 25 October. It has already been oversubscribed by over 1.35 times.