RBI clearly signals policy normalisation is on: Economists, analysts

RBI clearly signals policy normalisation is on: Economists, analysts

Leading economists and analysts are of the view that both the policy stance as well as tone of the central bank clearly “signal normalisation of policy stance” even though the governor remains vocal on prioritising growth over inflation. Terming the RBI‘s policy stance as ‘between Scylla and Charybdis’, (SBI) Chief Economist Soumya Kanti Ghosh said … Read more

JM Financial initiates coverage on Zomato with ‘buy’, sees 28% upside

JM Financial initiates coverage on Zomato with ‘buy’, sees 28% upside

MUMBAI: After UBS Securities India, became the second brokerage firm to initiate coverage on with a buy rating, despite the online food aggregator nearly doubling from its issue price of Rs 76, within three days of its listing. JM Financial has arrived at its 12-month price target of Rs 170 for Zomato, a 28 per … Read more