Page 7 - Nomura

Blackstone sells Embassy Office Parks REIT units for Rs 2,270 crore

Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.

For Nomura's shoe-leather sales force, an uncertain future after Covid-19

The crisis has only deepened concerns about the viability of Nomura's business model, which is more reliant on retail broking than rivals

After a 34% surge from March low, brokerages see limited upside for markets

The flattening of the 'Covid-19 infection curve', Covid-19 impact on corporate earnings and the economic policies, they say, hold key to the market trajectory.

Moody's downgrade of India's sovereign debt had been on cards for months

In comparative terms, India has been a laggard among Emerging Markets in 2020. The downgrade just makes the task of its economic recovery a little more daunting

Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

Indian economy to contract 5-7% in FY21: Bernstein, Goldman Sachs

Analysts say the Rs 20-trn stimulus package by govt a lost opportunity

Nomura predicts Indian GDP to contract by 5.2% in FY21, more rate cuts

Analysts at Goldman Sachs expect the Indian economy to contract 0.4 per cent in FY21 versus consensus median 2.7 per cent

Rating downgrade by Moody's, negative outlook by Fitch likely, warns Nomura

India's Achilles heel on ratings, according to Nomura, is its parlous state of fiscal affairs

Coronavirus impact: Nomura lowers 2020 GDP growth forecast to -0.5%

"We expect growth to slide from 4.7 per cent YoY in Q4CY19 to 3.1 per cent in Q1CY20 and fall to -6.1 per cent in Q2CY20," said Sonal Varma, MD and chief India economist at Nomura.

YES Bank rescue plan: How brokerages have interpreted the proposals

Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank

Nifty earnings impact due to COVID-19 less than 5% for FY21: Nomura

Tiles, textiles, chemicals and APIs sectors stand chance to gain market share from their Chinese competitors. These sectors, according to Nomura, constitute 8-10% of FY21 Nifty EPS consensus estimates

Planning to subscribe SBI Cards IPO? Here's all you need to know

Unlike others of its kind, the subscription window for the IPO will remain open for 4 days, which will be from March 2 to March 5

Citi, Credit Suisse, other banks curb Italy trips amid coronavirus: Report

The curbs come as coronavirus infections have soared across northern Italy over the past few days, causing seven deaths and nearly 300 cases

Nomura finding its feet in Asian investment-banking venture after setbacks

Cost cuts and fees from financing will drive the profit rebound in the year ending March 31, said Kenji Teshima, head of i-banking for Asia

India appears better mkt amid coronavirus scare: Nomura's Saion Mukherjee

India is relatively better than some other markets exposed to stuff like tourism, says Saion Mukherjee

Nomura downgrades Indian equities from 'overweight' to 'neutral'

Says there are few signs of meaningful economic recovery

Brokerages see global growth picking up next year, stay cautious on India

On a financial year basis, Nomura expect GDP growth of 4.7% in FY20 and 5.7% in FY21, suggesting a delayed recovery and below-potential growth through end-2020

ICICI Bank gains 3%, hits new high as brokerages raise target price

Foreign brokerage UBS raised its target price for the stock to Rs 620 from Rs 570, while Nomura raised the target to Rs 645 from Rs 610

Nomura's joint operations chief to be new CEO, Nagai to become chairman

The reshuffle was announced on Monday as Nomura posted its strongest quarterly profit in more than 17 years

IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%

IT stocks currently trade at a 7 per cent discount to Nifty