Indian market: Markets optimistic but ‘mistakenly euphoric’, says Kotak Institutional Equities

Indian market: Markets optimistic but ‘mistakenly euphoric’, says Kotak Institutional Equities

Mumbai: Kotak Institutional Equities said the Indian market continues to be a mix of being “rightfully optimistic and mistakenly euphoric”. The brokerage said parts of the market rightfully reflect the strength of the Indian economy and its long-term growth prospects, while the other parts reflect “extreme euphoria linked to baseless narratives.” Kotak said the market … Read more

Government to work with private sector for development journey: Finance minister Sitharaman

Government to work with private sector for development journey: Finance minister Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Friday pitched for higher investment in manufacturing, while seeking to position India as an economy with encouraging growth prospects and a large market.While sounding confident of BJP’s return to office, she said govt will work with the private sector to drive India’s development journey.“Much against the advice given … Read more

India’s growth prospects are very good, says RBI chief

India’s growth prospects are very good, says RBI chief

DAVOS: India’s growth prospects are very good, and the country’s banking sector has seen a remarkable recovery, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday.Speaking at a session here, Das said there is a lot of international confidence in India and the macroeconomic and financial sector stability that the country offers.“…I think … Read more