Second wave impact on GDP less than feared; expect RBI policy normalisation by year-end: Nomura“Although the second wave will likely constrain sequential growth momentum in Q2CY21, we expect the damage to be significantly less than du...
ETMGS 2021: Lend a hand to needy, avoid useless stimulus in Budget 2021At the fourth edition of the ETMarkets Global Summit 2021, some of India’s top economists laid down their wish list from the forthcoming Bu...
Biden as US president would help India get seat on UNSC: Former American diplomatIndia has been pushing for reforms of the United Nations, including the Security Council, stating that its composition doesn't reflect the ...
Nomura warns against stimulus, blames fiscal stress on higher spending"Therefore, a fiscal stimulus may not be so much to boost growth as to prevent a bigger drag," Nomura India chief economist Sonal Verma has...
GlowRoad raises $2 million in series-A from Accel PartnersGlowRoad operates in the customer-to-customer segment that builds a network among women, who can sell products sitting at home to their nei...
Urjit Patel named RBI governor, Dalal Street not too bullish on rate cuts nowPatel is known as an inflation hawk he championed inflation targeting in India. He was chairman of the committee that decided the 4 per cen...
Lending by banks rise 11.6% from a year earlier suggesting revival in economic activityIn early 2015, low commercial paper rates relative to bank lending rates led to higher levels of financing from non-banking sources.
Economic Survey 2016: Consumption to continue to be a driver of growth, says Sonal Verma, Nomura Financial AdvisoryEven in the bond market, interest rates have hardened a bit and therefore the financial conditions have actually tightened at the margin wh...
Awaken the biker in you! Get a biking jacketDecember gives biking enthusiasts the perfect weather to get on the road. To battle the chill, try on these biker jackets for size.
Analysts peg FY14 CAD at under 2%; next fiscal's at around 3%"We expect the CAD to be at 1.9% of GDP in FY14, but may widen to 2.5-3% in FY15," Sonal Verma of Japanese brokerage Nomura said.
Nomura cuts GDP forecast to 5%; rules out rate cut in FY'14Surfacing at a time of weak fundamentals, the rupee depreciation will worsen the growth outlook significantly as financial stability concer...
Brokerages see downside risks to India's GDP growth forecastAccording to Sonal Verma, Economist, Nomura, the RBI measures announced are a classic textbook response to a weakening currency.
Nomura pegs India's FY14 GDP growth at 5.6%Japanese brokerage firm Nomura today said today India's GDP growth has bottomed out but pegged economic expansion to be at 5.6 per cent in ...
Consumer price inflation at 9.90% y-o-y in November: GovtRetail inflation rose marginally in November almost reaching double digits, as a number of food items became expensive, dimming hopes of a ...
Implement reforms to avoid risk of rating downgrade: NomuraBrokerage firm Nomura said the country still stands a chance to get downgraded if the govt does not implement the recent reform measures.
- More cautious on inflation in next 4-5 months: Sonal Varma, Nomura Financial Advisory & Securities
Sonal Varma, India Economist, Nomura Financial Advisory & Securities, gives her views on her latest report on inflation. Excerpts:
- Will RBI tighten money supply further to tame inflation?
With inflation crossing 8 pc, economists and bankers seem divided over whether RBI would once again ask banks to keep more cash with the ce...