Bank Of America Merill Lynch

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  Most Reliance Jio Users Go For Prime Membership, Says Study

  Around 90 per cent of Jio users have subscribed to its Prime membership plan, as per a report by Bank of America Merill Lynch said.

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  Low CPI Inflation Makes Analysts Confident Of Rate Cut

  SBI's economic research department said the RBI cannot "avert a rate cut" at the August policy review.

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  'Farm Loan Waivers To Touch 2% Of GDP In Run-Up To 2019 Polls'

  "Farm loan waivers of up to 2 per cent of GDP in the run up to the 2019 hustings pose fiscal/rate risk and impacts credit culture," analysts at Bank of America Merill Lynch said in a note on Monday.

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  BofAML Sees 0.25% Rate Cut To Tide Over Note-Ban Impact On GDP

  The Economic Survey had pointed towards a 0.25-0.50 per cent dent to growth prospects as a result of the note ban.

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  BofA-ML Sees Fiscal Deficit Target Of 3.5% Next Year

  The brokerage said it expects the committee headed by NK Singh to relax the next year's fiscal deficit target to 3 to 3.5 per cent of GDP from 3 per cent.

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  RBI To Cut Rates By 0.25% On August 9 If Rains Damp Pulse Price: Report

  The Reserve Bank is expected to cut key interest rates by 25 basis points in its policy review meet on August 9, if good rains damp pulse price inflation, says a Bank of America Merrill Lynch (BofA-ML) report.

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  Consumption Up, Investment Down In Asia: BofA-ML

  Emerging Asia, including India, is likely to see growth in consumption rather than in investment,says a BofA-ML report.

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  India Offers Relative Value in 'Slow-Growth' World: BofA-ML

  India is growing faster than most emerging market peers and the country is expected to clock a GDP growth of 7.4 per cent this fiscal, a Bank of America Merill Lynch report says.

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  Call Drop Norms to Hurt Operators Earnings by 5%: BofA-ML

  Terming the telecom watchdog's policy to compensate users for call drops difficult to implement, Bank of America Merill Lynch on Tuesday said it expects a hit of up to 5 per cent in the pre-tax profits for listed majors Bharti and Idea Cellular.

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  Rate Cuts, Lower Oil Prices to Boost Consumption in India: BofA-ML

  Bank of America Merill Lynch on Monday has said a recovery in consumption equivalent to 1 percentage point of India's GDP is seen over the next few months on lending rate cuts, expected hike in salaries by government and savings from lower oil prices.

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  Pharma Stocks Fall on Bank of America Merrill Lynch Downgrade

  Shares of Sun Pharma fell nearly 4 per cent to hit low of Rs 1,116 after Bank of America Merill Lynch downgraded the stock to 'underperform' from 'buy'.

• Equity selloff biggest risk for rupee: Bank of America

  Jayesh Mehta, managing director and country treasurer of Bank of America Merill Lynch told NDTV that there is nothing to worry as far as markets witness small correction. However, a sharp selloff may not augur well for bonds.

• BofA-ML cuts Bank of Baroda, Union Bank of India

  Bank of America Merrill Lynch downgrades public sector lenders Bank of Baroda and Union Bank of India on slowing growth and impact on earnings from mark-to-market losses in their bond portfolios.

• Current account deficit to narrow in FY14, financing it a concern: analysts

  Analysts expect India's high current account deficit, which came in at a record high of 4.8 per cent for FY13, to come down in the current fiscal year, with some estimating it to go down to 4.3 per cent levels.

• RBI to cut key rates by 0.25% in June: BofA-Merill Lynch

  In the last policy announcement on May 3, the central bank had cut its key rate of lending--the repo rate--the rate at which it lends short-term money to banks-- by 0.25 per cent.