Stock Market / Finance in India
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INDIA, 2017/07/15
India's wholesale price inflation eased additional than expected in June, data from the Ministry of Commerce & Industry showed Friday.
Wholesale prices increased 0.9 % year-on-year in June, slower than the 2.17 % rise in May. Inflation was estimate to relieve moderately to 1.39 %.
Build up inflation rate in the financial year so far was -0.44 % compared to a build up rate of 3.71 % in the corresponding period of the previous year.
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INDIA, 2017/07/01
India faces an uphill battle before it will have an efficiently operating Goods and Services Tax (GST). Besides confusion over the applicable rate for certain products part retailers, service sector companies as well face the daunting prospect of having to transaction with not just the Union but as well 29 other national tax administrations, each with its own norms and distinct attitude towards rent seeking.
Prime Minister Narendra Modi has reportedly spent hours reviewing the country’s preparedness for the 1 July roll-out of the new uniform tax. But some confusion is bound to remain and will be have to be dealt with as it arises.
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INDIA, 2017/05/11
France and the Netherlands are part those nations to benefit from changes to India’s tax rules. N Chandra Mohan reports.
Next India renxegotiated its tax treaties with Mauritius and Singapore, which account for one-third of foreign portfolio inflows into the country, investments in Indian securities by entities based in these havens are to incur a short-term capital gains tax of 7.5% which began April 1, 2017. The chance has shifted to jurisdictions such as France and the Netherlands, which do not tax such transactions. Indeed, additional than 50 foreign portfolio investors (FPIs), inclunding the likes of JPMorgan, Morgan Stanley and Sweden’s SKB, are relocating to these friendlier tax havens according to the Business Standard.
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INDIA, 2017/04/15
x India's remittance inflows are set to remain strong over the coming years, helping the country to keep the current account deficit at a sustainable level and withstand any upsurge in world risk aversion, Shilan Shah, an economist at Capital Economics, said.
With a substantially larger diaspora, an estimated 15 million Indian nationals, based abroad, the country is the world's major recipient of remittances. Inflows, which are equivalent to over 3 % of GDP or almost twice as large as net capital inflows, totaled an estimated $66 billion in 2016.
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INDIA, 2016/11/28
The jury is still out nearly three weeks next the Narendra Modi government’s amaze decision to demonetise the Rs500 and Rs1,000 denomination notes.
The move has polarised some of the sharpest minds in the country, and elsewhere. There are some who have come out in support, others have either criticised its execution or said that the painful exercise won’t help curb black money or unaccounted wealth.
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INDIA, 2016/09/12
Key macro-economic data, coupled with trends in world indices and the pace of foreign funds inflow, are expected to drive the trajectory of the Indian equity markets during the upcoming week.
“Next week is front loaded with CPI (consumer price index) and IIP (Index of Industrial Production) data,” Anand James, Chief Market Strategist at Geojit BNP Paribas Financial Services, told IANS.
Key macro-economic data such as the factory output — IIP — for July and inflation figures for August are expected to be released on Monday.
These data points will be followed the release of WPI (Wholesale Price Index) numbers.
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INDIA, 2016/07/24
Indian shares look set to open slightly lower on Friday, tracking weak world cues as mixed earnings reports and fading stimulus hopes dented investor sentiment. ITC shares could be in focus next its quarterly revenue and operating profit increase came in slightly lower than expectations.
Biotechnology major Biocon, meanwhile, reported a 28 % rise in standalone net profit for the June quarter, helped by higher revenue from its small molecules business.
Axis Bank, Equitas, Federal Bank and Vijaya Bank will unveil their quarterly results later in the day.
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INDIA, 2016/03/16
Indian shares fell sharply on Tuesday and the rupee weakened against the dollar as investors kept their fingers crossed, waiting to see what the U.S. Federal Reserve will do at the end of a two-day policy conference that gets underway tonight.
While a lot of analysts do not expect the Fed to amaze investors with an extra rate hike, it is widely believed that Fed Chair Janet Yellen would probably signal a hike in the June conference.
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INDIA, 2015/09/30
India's central bank, the Reserve Bank of India (RBI), Tuesday cut its short-term lending rate by 50 basis points to a four-year low.
The repurchase rate, or the interest charged on short-term borrowings, was cut to 6.75 %, while the indexed reverse repo rate, or the interest payable by the central bank on short- term deposit, automatically was cut to 5.75 %.
The move will allow commercial banks to lower their own lending rates for personal, automobile, housing and commercial loans.
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INDIA, 2015/08/03
The International Monetary Fund (IMF) recently conducted stress tests to model what result an appreciation in the price of the US dollar would have on economies around the world. In a somewhat surprising turn, those who fared worst in a world with a additional precious dollar were not exporters of goods to America or nations dependent on US goods, but rather, Indian businesses.
The reason, according to the statement, was a possible worsening of borrowing costs and earnings. Troubling news for Indian businesses, as the dollar has been on a sustained track of appreciation.
