Execution, capital issues persist in infra sector: BofA-ML

Last Updated: Tuesday, September 8, 2015, 23:24

Noting that infrastructure is witnessing a gradual revival, a BofA-ML report said the sector is still faced with challenges in terms of working capital requirements and execution issues.

Markets to remain volatile in Sept-Nov: BofA-ML

Last Updated: Monday, September 7, 2015, 18:25

Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections, Bank of America Merrill Lynch (BofA-ML) said in a report.

IOC raises oil import from Latin America to cut costs

Last Updated: Thursday, August 27, 2015, 17:17

IOC, the nation's biggest oil firm, spent Rs 1.65 lakh crore on import of 43.9 million tons of crude oil in 2014-15.

Fed rate hike, earnings, Bihar polls to drive Indian markets: BofA

Last Updated: Thursday, August 27, 2015, 16:03

According to the global financial services major, if markets price-in a Fed rate hike, it will get easier for the RBI to cut rates by 25 basis points on September 29.

Rate cuts, lower oil prices to boost consumption: BofA

Last Updated: Monday, August 17, 2015, 23:03

Bank of America Merill Lynch Monday said it sees a recovery in consumption equivalent to 1 percentage point of India's GDP in the next few months on lending rate cuts, expected hike in salaries by government and savings from lower oil prices.

Bank of America investors to vote on CEO/Chair split

Last Updated: Friday, August 14, 2015, 09:10

Bank of America announced Thursday that it will hold a special meeting in September for shareholders to vote on splitting the chief executive and chairman roles.

RBI seen shoring up forex kitty to ward of Fed taper impacts

Last Updated: Tuesday, August 11, 2015, 21:46

Even though forex reserves have touched all-time highs, RBI will continue to accumulate the same as it needs resources to fight another round of pressure on the rupee that may come with the Fed rate hike and also a surge in imports with the economic recovery, BofAML has said.

RBI to pause on Aug 4, 50bps cut likely in early 2016: BofA-ML

Last Updated: Monday, July 27, 2015, 16:03

The Reserve Bank is likely to maintain a status quo on rates in its third bi-monthly policy meet on August 4, taking into account "poor rains" and will go for a 50 basis points rate cut in early 2016, a Bank of America Merrill Lynch report said today.

Amazon surprises with quarterly profit, stock rallies

Last Updated: Friday, July 24, 2015, 09:06

Amazon.com Inc swung to an unexpected quarterly profit on higher sales in North America, its popular Prime subscription service and growing demand for its Web services, sending the online retailer`s shares up more than 17 percent.

Rains key to August 4 RBI rate cut: BofA-ML

Last Updated: Monday, July 20, 2015, 15:28

"We worry about the dry spell since late June as the bulk of the cropping takes place in July and August," BofA-ML said adding that "rains have slipped to 92 per cent of normal from 116 per cent in June".

Housing sales in Noida lowest in 8 years

Last Updated: Sunday, July 19, 2015, 15:07

Noida property market witnessed new sales of only about 3,800 homes during the April-June period, lowest in the last eight years, due to dip in demand from investors, according to a report by Bank of America-Merill Lynch.

RBI may cut rate by 0.25% next month: BofA-ML

Last Updated: Monday, July 13, 2015, 18:36

The Reserve Bank is likely to cut benchmark interest rate by 0.25 percent in its next month's policy review if monsoon rains remain normal, Bank of America Merrill Lynch said Monday.