BofA raises oil price forecasts for 2016

Last Updated: Monday, April 27, 2015, 17:56

Bank of America Merrill Lynch has revised upward its oil price forecasts for 2016, but said it remained bearish amid oversupply, weak demand from emerging markets, a return of US shale production and expectations of a deal on Iran.

Autonomy former-CEO counter sues HP after it lodges $5.1 bn claim

Last Updated: Tuesday, March 31, 2015, 19:57

British IT entrepreneur Mike Lynch will file a counter claim against HP , he said on Tuesday, a day after the U.S. company lodged a claim against him and his former colleague Sushovan Hussain for damages of $5.1 billion over his management of Autonomy, the British IT company it bought in 2011.

Julius Baer-DSP Merrill Lynch deal gets CCI green signal

Last Updated: Sunday, March 22, 2015, 11:47

The Competition Commission has cleared Swiss banking group Julius Baer's proposed acquisition of DSP Merrill Lynch's wealth management and related businesses in India.

'FII holding in Sensex hits new high in Q3 at 23% of m-cap'

Last Updated: Tuesday, February 24, 2015, 00:22

Foreign institutional investors' holdings in 30 Sensex companies have reached an all-time high of over 23 percent of the total market cap, as per data collated by Bank of America Merrill Lynch.

SBI appoints 9 merchant bankers for Rs 15,000 crore share sale

Last Updated: Wednesday, February 11, 2015, 22:20

Country's largest lender State Bank of India (SBI) on Wednesday kicked of its largest-ever fund raising drive to raise up to Rs 15,000 crore by picking up as many as nine investment bankers, including Goldman Sachs, Barclays Plc and Bank of America Merrill Lynch (BofA-ML), sources said.

RBI may hike FII investment in G-secs by USD 5 bn post-Budget

Last Updated: Sunday, February 8, 2015, 13:18

The Reserve Bank is likely to increase the investment limit for foreign portfolio investors in government securities by USD 5 billion, once the Budget is announced, says a report.

Mirach gave forged BofA letter, to take legal action: Sahara

Last Updated: Thursday, February 5, 2015, 23:58

Stung by a "forged letter" claiming USD 2-billion funding through Bank of America, crisis-hit Sahara group today said it has been "cheated" by US-based Mirach Capital and would take all suitable legal action against the firm and its officers.

Mysterious turn to Sahara's $2-billion deal; BofA says not a banker

Last Updated: Thursday, February 5, 2015, 14:19

Crisis-ridden Saharas' efforts to raise funds to secure bail for its chief Subrata Roy have taken a mysterious turn, with Bank of America refuting claims of it being the banker for a USD 2-billion financing package offered to the group by a US-based entity.

BofAML sees 0.25% rate cut by RBI in Feb, total 0.75% in 2015

Last Updated: Friday, December 5, 2014, 19:33

Foreign brokerage Bank of America Merrill Lynch (BofAML) on Friday said a "dovish" Reserve Bank will slash key interest rates by 0.25 percent at the February review meet and will do cuts of 0.75 percent in 2015.

Sebi fines 6 merchant banks for disclosure lapses in CARE IPO

Last Updated: Friday, November 28, 2014, 18:02

The six merchant banks have been asked to pay a fine of Rs 1 crore -- the maximum penalty applicable for violation of disclosure related norms in IPO documents -- within 45 days.

Sebi imposes Rs 1 crore fine on six merchant bankers

Last Updated: Friday, November 28, 2014, 17:24

The merchant bankers fined by Sebi are Kotak Mahindra Capital, DSP Merrill Lynch, Edelweiss, ICICI Sec, IDBI Capital Market and SBI Cap.

BJP front runner in May 2014 General Elections: BofA-ML

Last Updated: Monday, December 9, 2013, 19:07

The state assembly election results are likely to place BJP as the front runner in the May 2014 General Elections, but it may not be enough to justify a further increase in the BJP tally, a Bank of America Merrill Lynch report says.