Page 2 - Emerging Markets

Current account imbalance hits India harder than EM peers, shows data

India's current account deficit is projected at 3.5 per cent for 2022, says IMF World Economic Outlook report

New Jersey-based Amneal Pharma starts mfg operations for Indian market

The firm already has manufacturing units in four Indian cities, all of which are focused on the export market

Emerging mkts close to completing current bear-market cycle: Morgan Stanley

It's highly likely these markets are bottoming amid "abundant" signs of capitulation, the investment bank's strategists including Jonathan Garner wrote in note

Statsguru: Six charts explain rough ride in the financial markets

India's currency has done relatively better than other major emerging markets, barring Russia

India a 'star' among EM economies with 7.3% growth in FY23, says S&P

S&P Global Ratings on Thursday said rising rates and increased European energy insecurity are hitting growth in almost every country, but India with an estimated 7.3 per cent growth this fiscal, would be the 'star' among emerging market economies. In a report, S&P said global macro performance over the next few quarters points towards growth slowdown with tightening financial conditions amid rate hikes by central banks. Most leading and sentiment indicators are pointing toward slower growth as well. Growth eased in the second quarter across emerging markets as inflation reduced real household income, business confidence deteriorated, and the external environment became more complicated, it said. Emerging-market central banks have been ahead of their advanced-country counterparts in hiking policy rates, and in Latin America they are now near the end of their tightening cycles. Elsewhere, core inflation continues to rise, suggesting there is more work to do. Large recent hikes ..

Rupee ends beyond 81 against dollar for the first time; lags EM peers

RBI may have sold around $1 bn, but experts see pace of intervention declining

Indian equities' persistent performance

Over the past 30 years, despite a difficult backdrop, equity market returns are striking

78% professionals find maintaining integrity difficult amid rapid change:EY

It is difficult to maintain corporate integrity for 78 per cent professionals in India, compared to 60 per cent in emerging markets, amidst volatile market conditions, an EY report said on Tuesday. The EY report comprises the views of over 2,750 board members, managers, and employees from 34 emerging markets which includes 100 professionals surveyed across India. "Organisations continue to remain vulnerable in volatile market conditions, with 78 per cent of respondents in India admitting that it is challenging to maintain their standards of integrity in periods of rapid change or difficult market conditions," the report said. According to the survey, entities in India have faced more action from regulators compared to other emerging markets covered in the survey. "Amidst shifts in regulatory expectations and economic stress, 60 per cent of respondents from India said that regulators have taken action against their organisation for breaching integrity standards or regulations, compa

Gautam Adani's rise to world's second-richest boosts equities' clout

Eight firms controlled by Adani's ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index's surge since end-June

Tough for India to replicate the outperformance over EMs: Manish Gunwani

We have relatively strong growth and a healthy corporate earnings cycle as positives, but a worrisome current account deficit and high inflation as challenges, says Manish Gunwani.

Toyota doubles down on hybrid bet in India, low-cost models to surface soon

Toyota plans to reboot its strategy for India, doubling down on a bet that emerging markets will welcome its hybrids, as long as the price is right

'Most vulnerable' emerging markets now face Euro recession risk

"Europe is far more vulnerable at this stage, so it's reasonable to assume that the central and eastern currencies will underperform, especially if euro-dollar falls," said Piotr Matys

Sun Pharma Q1 net up 43% to Rs 2,061 crore on specialty sales, India biz

Gross sales up 10.1% YoY to Rs 10,644 cr; EBITDA at Rs 2,884.4 cr, with a margin of 26.8%

Rupee holding up well relative to EM peers, advanced economies: RBI Guv

Reserve Bank Governor Shaktikanta Das on Friday said the rupee is holding up relatively well when compared to the currencies of emerging market peers and advanced economies. Days after the domestic currency breached the 80-level against the dollar, Das said Reserve Bank of India (RBI) has zero tolerance for volatile and bumpy movement in the rupee and added that the central bank actions have helped in smoother movement. He said RBI has been supplying US dollars to the market to ensure adequate supply of liquidity to the market and also clarified that the central bank does not target a particular level for the currency. Further, Das said there was no need to be alarmed by unhedged exposures on foreign borrowings. Bulk of such exposures are by state-owned companies and the government can pitch-in with help if need be, he added. According to him, the inflation targeting framework has worked well since adopting it in 2016 and stressed that the same should continue in the interest of th

Markets should be able to withstand inflation up to 8%: Credit Suisse

The key risks to India's economy, and thus the markets, stem from crude oil prices and a worsening balance-of payment situation, Credit Suisse analysts said

Markets find their feet as FPIs step off pedal after brutal selloff

In the past fortnight, the average daily selling by overseas funds has moderated to less than Rs 1,400 crore, compared with nearly Rs 3,500 crore in the preceding fortnight

Bruised emerging markets are battle-ready for a recession in US

This time, the selloff in emerging markets began in the first quarter of 2021, a full year before it started in developed markets

India feels the heat as investors face brutal emerging markets selloff

The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening current account gap.

India-dedicated funds follow global EM trend as outflows hit $547 mn in May

In all, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by FPIs in May

June sell-off: Most EMs see deeper cuts than India after Fed's rate hike

Month-to-date returns for most stock market gauges are flashing red