Earlier this week, China introduced significant policy measures, including a 20bp OMO rate cut, a 30bp MLF rate cut, and adjustments to the prime loan rates. Deposit rates will decrease by 20-25bp, and a 50bp RRR cut will inject around RMB 1 trillion in liquidity, with further cuts possible. The PBOC will also reduce mortgage … Read more
ET Intelligence Group: Foreign investors are increasingly favouring India’s discretionary consumption and capital expenditure sectors, ramping up equity allocations in Asia’s third-largest economy following a brief pause. The capital goods sector saw the largest increase in weightage among major sectors, contributing 131 basis points to reach 5.71%. The auto sector’s portfolio weight rose by 115 … Read more
“We also foresee reforms to attract foreign investment, simplification of the tax regime, and prioritization of sustainability and green energy,” says Gurpreet Sidana, CEO- Religare Broking Ltd. In an interview with ETMarkets, Sidana said: “Initiatives to boost the rural economy, MSME sector and job creation should also be in focus,” Edited excerpts: We are trading … Read more
Mumbai: Foreign investors will welcome the depth and liquidity of the local market as India begins to feature on global bond indices, but once overseas ownership crosses a point, local dealers will have to contend with a new landscape of volatility that worldwide interconnectedness brings, a Bank of America trading veteran said. Vikas Jain, head … Read more
India has become one of the most attractive destinations in the world for foreign investment, but there is a need to level up those states in the country that have fallen behind, said Lord Gerry Grimstone, chairman, Gemcorp Capital Management. The former UK minister for investment said, addressing a session on ‘Unlocking Growth through Foreign … Read more
