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Poor rains may wash out 50-75 bps from GDP growth: BofA-ML

Last Updated: Friday, April 25, 2014, 20:09

A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 percent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said Friday.

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

Last Updated: Monday, December 09, 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.

Pfizer, Wyeth to merge under single brand

Last Updated: Saturday, November 23, 2013, 20:02

The Board of Directors of Pfizer Ltd and Wyeth Ltd, in their respective meetings today, approved a proposal to merge Wyeth India with Pfizer India, Pfizer said in a statement.

Bank of America, Merrill in $39 million gender bias settlement

Last Updated: Saturday, September 07, 2013, 10:48

About 4,800 current and former female financial advisers and trainees at Bank of America and Merrill, which the bank bought in January 2009, are eligible for the latest settlement.

If policy status quo remains,rupee could touch 75/USD: BofA-ML

Last Updated: Thursday, August 29, 2013, 14:16

If the status quo remains, BofA-ML said "a conservative estimate is USD/INR goes to 70 year-end and 75 by-end 2014 based on NDF forward pricing."

NRI/sovereign bonds needed to hold Rs 60/dollar: BofA-ML

Last Updated: Wednesday, July 31, 2013, 14:30

The rupee is not likely to settle down until the Reserve Bank of India is able to recoup the forex reserves, says a Bank of America Merrill Lynch report adding the country needs to issue NRI/sovereign bonds to hold Rs 60/USD level.

High current account deficit likely until 2015: BofA-ML

Last Updated: Tuesday, July 23, 2013, 13:52

The current account deficit of the country is "peaking" but is likely to hover around 4 percent level until 2015, says a Bank of America Merrill Lynch report.

100% FDI in telecom to spur interest in upcoming auctions: BofA

Last Updated: Sunday, July 21, 2013, 12:04

Last week, the government permitted 100 percent foreign direct investment in telecom, versus the 74 percent ownership cap earlier.

'Gas pricing reforms to help produce 12 Tcf of gas'

Last Updated: Thursday, July 18, 2013, 18:01

The natural gas pricing reforms initiated by the government will help bring to production at least 12 Trillion cubic feet or nearly four KG-D6-sized gas fields, Bank of America Merrill Lynch said in a report.

Lending rate cuts key to recovery: BofA-ML

Last Updated: Sunday, July 07, 2013, 10:38

The worst is over for the Indian economy, but it is expected to see a shallow recovery based on better rains and lending rate cuts, says a report by Bank of America Merrill Lynch.

BofA ML sees Sensex earnings per share at Rs 1,260 for FY'14

Last Updated: Wednesday, July 03, 2013, 17:54

Bank of America Merrill Lynch Wednesday said it expects earnings per share for BSE benchmark Sensex to fall to Rs 1260 for the current financial year (FY14) and sees stock markets trading in a range-bound manner.

'RBI may cut CRR, postpone repo rate cut till rupee stabilises'

Last Updated: Tuesday, July 02, 2013, 16:23

The Reserve Bank of India may cut cash reserve ratio (CRR) by 0.25 percentage points in its review later this month to revive growth, a report by Bank of America Merrill Lynch said on Tuesday.