Bank Of America Merrill Lynch
Merrill Lynch Fund sells 386,000 HDFC Bank shares for Rs 51 cr
Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday offloaded 3.86 lakh shares at avg price of 1,306 per of private lender HDFC Bank for around rs 51 crore through open market transaction
 "Merrill Lynch Fund sells 386,000 HDFC Bank shares for Rs 51 cr")
Merrill Lynch Markets Singapore pays Rs 25.35 lakh to Sebi to settle case
Merrill Lynch Markets Singapore Pte Ltd has settled a case pertaining to incorrect reporting of offshore derivative Instruments (ODI) in monthly reports filed with capital markets regulator Sebi.
 "Merrill Lynch Markets Singapore pays Rs 25.35 lakh to Sebi to settle case")
With conglomerates reluctant, PEs may be better source of capital for banks
PEs have deep pockets with the ability to recapitalise the bank as and when needed
 "With conglomerates reluctant, PEs may be better source of capital for banks")
Global liquidity has lent support to deal-making, says Raj Balakrishnan
There is a 'gush of liquidity' around the world, including India after the US Federal Reserve opened the tap, says Raj Balakrishnan.
 "Global liquidity has lent support to deal-making, says Raj Balakrishnan")
In a locked-down world, investment bankers ensuring the show goes on
Billion-dollar deals aplenty for right business
 "In a locked-down world, investment bankers ensuring the show goes on")
Tata Motors' Jaguar Land Rover shelves plan to sell bonds to raise cash
Jaguar hired Bank of America Merrill Lynch to meet investors in the US last week ahead of a potential sale of new bonds, and days after warning the deadly virus outbreak was impacting its supply chain
 "Tata Motors' Jaguar Land Rover shelves plan to sell bonds to raise cash")
Tariff hike may cause slower net user addition for telcos: BofA-ML report
Earlier this week, Reliance Jio, Airtel and Vodafone all announced tariff hikes to be effective from next month
 "Tariff hike may cause slower net user addition for telcos: BofA-ML report")
RBI cut rate by 110 bps since Apr, but borrowers gained little: BofA-ML
RBI has been blaming banks for slower transmission of its policy moves into their lending rates and continuously nudging them to cut more, so that credit pick up can increase to help broader growth
 "RBI cut rate by 110 bps since Apr, but borrowers gained little: BofA-ML")
Global fund managers stay bearish on equities; recession top worry: BofAML
According to BofAML, trade war, Monetary policy impotence, bond market bubble and a credit event are some of the other 'tail risks' that the fund managers seem to be wary about
 "Global fund managers stay bearish on equities; recession top worry: BofAML")
Every third fund manager sees recession in 12 months, says Bank of America
Most fund managers believe a trade war between the US and China remains the biggest tail risk
 "Every third fund manager sees recession in 12 months, says Bank of America")
Investors gloomiest on world growth since 2008 financial crisis: BAML poll
Investors were also gloomy on corporate earnings, with a fifth of respondents expecting global profits to deteriorate in the coming year, BAML said,
 "Investors gloomiest on world growth since 2008 financial crisis: BAML poll")
Govt can raise Rs 95,000 cr from infra bonds to boost growth: BofA
Even though this will raise the overall public sector borrowing, the market will not react adversely as the money raised will be tied to funding specific needs, Bank of America Merrill Lynch said
 "Govt can raise Rs 95,000 cr from infra bonds to boost growth: BofA")
Merrill Lynch fined $45.5 mn in UK for failing to report transactions
Banks now have to report their derivatives trades in a timely way so that regulators can spot uncontrolled risks building up
 "Merrill Lynch fined $45.5 mn in UK for failing to report transactions")
RBI may cut rates by 25 bps to push growth despite high inflation: BofA-ML
Analysts at foreign brokerage Bank of America Merrill Lynch said the RBI will cut rates by 0.25 per cent in December, and follow it up with a 0.15 per cent in February
 "RBI may cut rates by 25 bps to push growth despite high inflation: BofA-ML")
Vodafone Idea dismisses BofA-ML report of exiting six telecom circles
The Bank of America Merril Lynch report has identified Himachal Pradesh, Bihar, Odisha, Jammu and Kashmir, North East and Assam from where Vodafone Idea may exit
 "Vodafone Idea dismisses BofA-ML report of exiting six telecom circles")
Investors are discerning, investing only in quality deals: Raj Balakrishnan
Investors are happy to accept a lower cost of capital for companies, which have the right governance structures, good management, and excellent track record, says Raj Balakrishnan
 "Investors are discerning, investing only in quality deals: Raj Balakrishnan")
Global investors up cash levels in August amid trade war: BofA-ML survey
The survey showed buying technology stocks remained the most-crowded trade
 "Global investors up cash levels in August amid trade war: BofA-ML survey")
BoA ML downgrades FMCG stocks to 'underweight' from 'overweight'
Multiples for Indian staples have defied gravity recently
 "BoA ML downgrades FMCG stocks to 'underweight' from 'overweight'")
Equities have not peaked yet and rally may continue beyond 2019: BofA-ML
Fund managers said they had six per cent overweight allocation to commodities
 "Equities have not peaked yet and rally may continue beyond 2019: BofA-ML")
Our December forecast for the Sensex is 30,000: Sanjay Mookim
Prices and valuations are never an indicator of timing but are good indicators of risk: Mookim
 "Our December forecast for the Sensex is 30,000: Sanjay Mookim")
