Latest news with #PiramalEnterprises
Economic Times
4 days ago
- Business
- Economic Times
Economists push for 50 bps cut to boost India's economic growth
With future price pressures appearing benign and credit demand subdued, some economists are advocating for an outsized 50-basis-point rate cut by the Monetary Policy Committee (MPC). This move aims to revive the credit cycle and boost economic momentum, potentially counterbalancing uncertainty. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Some economists are batting for an outsized rate cut-of half a percentage point instead of the customary quarter-as future price pressures appear benign and credit demand remains from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps basis point is a hundredth of a percentage the repo rate-or signaling rate-stands at 6% after the central bank reduced it twice this year, by 25 bps each in February and of a larger rate cut by the monetary policy committee (MPC) believe doing so would revive the credit cycle and boost economic momentum "We expect a 50-bps rate cut in the June policy as a jumbo rate cut could act as a counterbalance to uncertainty," Soumya Kanti Ghosh, group chief economic advisor, SBI, wrote in his latest research Debopam Chaudhuri, chief economist, Piramal Enterprises said: "The MPC should consider a larger-than-expected 50 bps rate cut this time...A 50-bps cut now could help make up for that lost time and deliver a stronger boost to economic growth."India's fourth-quarter gross domestic product (GDP) expanded at a faster-than-expected rate of 7.4% in the fourth quarter, lifting full-year growth to 6.5% and helping New Delhi retain the tag of the world's fastest-growing major economy. However, demand growth has been uneven, with now-eased regulatory curbs on unsecured loans denting retail credit demand."Weak external and urban demand along with high real rates are a drag on growth," said a research report by ICICI Bank . "An additional 50bps rate cut would ensure lower borrowing costs and is a stimulus to push growth higher."Justifying a bigger rate cut, SBI's Ghosh said inflation is expected to stay within the mandated legal band. His report stated that inflation would stay below the target inflation of 4% in FY26 until December, but may increase February, the consumer price index (CPI) has been below 4%. In the last monetary policy, the RBI had estimated consumer inflation at 4.2% for FY26."Lower food prices should drive CPI inflation to 3.6% in FY26 before it inches again to 4.1% in FY27, which opens up room for pushing repo rate to 5.5% implying real rate of 1.5% over FY27 and Q4FY26," said the ICICI Bank Ghosh is of the view that a 50 bps reduction in the June policy could reinvigorate a credit cycle. Bank loans climbed 12.1% in 2024-25, lower than 16.3% the year before. SBI expects credit and deposits to advance in the range of 10%-11% during Chaudhuri said the MPC should consider a larger-than-expected 50 basis point rate cut this time.
Time of India
4 days ago
- Business
- Time of India
Economists push for 50 bps cut to boost India's economic growth
Mumbai: Some economists are batting for an outsized rate cut-of half a percentage point instead of the customary quarter-as future price pressures appear benign and credit demand remains subdued. Economists from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps cut. One basis point is a hundredth of a percentage point. Currently, the repo rate-or signaling rate-stands at 6% after the central bank reduced it twice this year, by 25 bps each in February and April. Proponents of a larger rate cut by the monetary policy committee (MPC) believe doing so would revive the credit cycle and boost economic momentum . "We expect a 50-bps rate cut in the June policy as a jumbo rate cut could act as a counterbalance to uncertainty," Soumya Kanti Ghosh, group chief economic advisor, SBI, wrote in his latest research report. Similarly, Debopam Chaudhuri, chief economist, Piramal Enterprises said: "The MPC should consider a larger-than-expected 50 bps rate cut this time...A 50-bps cut now could help make up for that lost time and deliver a stronger boost to economic growth." India's fourth-quarter gross domestic product (GDP) expanded at a faster-than-expected rate of 7.4% in the fourth quarter, lifting full-year growth to 6.5% and helping New Delhi retain the tag of the world's fastest-growing major economy. However, demand growth has been uneven, with now-eased regulatory curbs on unsecured loans denting retail credit demand. Cheaper Credit "Weak external and urban demand along with high real rates are a drag on growth," said a research report by ICICI Bank . "An additional 50bps rate cut would ensure lower borrowing costs and is a stimulus to push growth higher." Justifying a bigger rate cut, SBI's Ghosh said inflation is expected to stay within the mandated legal band. His report stated that inflation would stay below the target inflation of 4% in FY26 until December, but may increase thereafter. Since February, the consumer price index (CPI) has been below 4%. In the last monetary policy, the RBI had estimated consumer inflation at 4.2% for FY26. "Lower food prices should drive CPI inflation to 3.6% in FY26 before it inches again to 4.1% in FY27, which opens up room for pushing repo rate to 5.5% implying real rate of 1.5% over FY27 and Q4FY26," said the ICICI Bank report. SBI's Ghosh is of the view that a 50 bps reduction in the June policy could reinvigorate a credit cycle. Bank loans climbed 12.1% in 2024-25, lower than 16.3% the year before. SBI expects credit and deposits to advance in the range of 10%-11% during FY26. Piramal's Chaudhuri said the MPC should consider a larger-than-expected 50 basis point rate cut this time.
Time of India
5 days ago
- Business
- Time of India
Will RBI opt for a jumbo rate cut to revive the economy?
Economists are increasingly advocating for a larger 50-basis-point interest rate cut by the Monetary Policy Committee, citing benign future price pressures and subdued credit demand. Proponents believe this move would revive the credit cycle and provide a stronger boost to economic growth, counterbalancing uncertainty. Inflation is expected to remain within the mandated legal band, further justifying the substantial rate reduction. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The odds of a bigger interest rate cut, at least half a percentage point, is gathering momentum among economists as future price pressures appear benign and credit demand remains from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps basis point is a hundredth of a percentage the repo rate—or signaling rate—stands at 6% after the central bank reduced it twice this year, by 25 bps each in February and of a larger rate cut by the monetary policy committee (MPC) believe doing so would revive the credit cycle and boost economic momentum 'We expect a 50-bps rate cut in the June policy as a jumbo rate cut could act as a counterbalance to uncertainty,' Soumya Kanti Ghosh, group chief economic advisor, SBI, wrote in his latest research Debopam Chaudhuri, chief economist, Piramal Enterprises said: 'The MPC should consider a larger-than-expected 50 bps rate cut this time…A 50-bps cut now could help make up for that lost time and deliver a stronger boost to economic growth.'India's fourth-quarter gross domestic product (GDP) expanded at a faster-than-expected rate of 7.4% in the fourth quarter, lifting full-year growth to 6.5% and helping New Delhi retain the tag of the world's fastest-growing major economy. However, demand growth has been uneven, with now-eased regulatory curbs on unsecured loans denting retail credit demand.'Weak external and urban demand along with high real rates are a drag on growth,' said a research report by ICICI Bank . 'An additional 50bps rate cut would ensure lower borrowing costs and is a stimulus to push growth higher.'Justifying a bigger rate cut, SBI's Ghosh said inflation is expected to stay within the mandated legal band. His report stated that inflation would stay below the target inflation of 4% in FY26 until December, but may increase February, the consumer price index (CPI) has been below 4%. In the last monetary policy, the RBI had estimated consumer inflation at 4.2% for FY26.'Lower food prices should drive CPI inflation to 3.6% in FY26 before it inches again to 4.1% in FY27, which opens up room for pushing repo rate to 5.5% implying real rate of 1.5% over FY27 and Q4FY26,' said the ICICI Bank Ghosh is of the view that a 50 bps reduction in the June policy could reinvigorate a credit cycle. Bank loans climbed 12.1% in 2024-25, lower than 16.3% the year before. SBI expects credit and deposits to advance in the range of 10%-11% during Chaudhuri said the MPC should consider a larger-than-expected 50 basis point rate cut this time.'Rate transmission gained traction only after the policy repo rate fell to 6% in April, as earlier tight liquidity conditions had kept market yields elevated…. In fact, the reduction in borrowing costs would enhance domestic growth prospects and continue to reinforce India's attractiveness as an investment destination, regardless of the spread with US debt,' he said.
Business Standard
27-05-2025
- Business
- Business Standard
Piramal Enterprises fixes record date for final dividend
Record date is 13 June 2025 Piramal Enterprises has fixed 13 June 2025 as record date for the purpose of determining the names of Members eligible to receive the final dividend of Rss. 11.00/- per Equity Shares having face value of Rs. 2.00/- each fully paid-up (i.e. @550%) for the Financial Year ended 31 March 2025.
Business Standard
07-05-2025
- Business
- Business Standard
Piramal Enterprises consolidated net profit declines 25.28% in the March 2025 quarter
Sales rise 53.16% to Rs 2443.83 crore Net profit of Piramal Enterprises declined 25.28% to Rs 102.44 crore in the quarter ended March 2025 as against Rs 137.09 crore during the previous quarter ended March 2024. Sales rose 53.16% to Rs 2443.83 crore in the quarter ended March 2025 as against Rs 1595.63 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 485.45 crore in the year ended March 2025 as against net loss of Rs 1683.53 crore during the previous year ended March 2024. Sales rose 2.98% to Rs 9103.06 crore in the year ended March 2025 as against Rs 8839.77 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2443.831595.63 53 9103.068839.77 3 OPM % 53.87-23.65 - 62.1941.51 - PBDT 169.19-1489.59 LP 858.58-362.85 LP PBT 116.07-2201.70 LP 644.89-1191.81 LP NP 102.44137.09 -25 485.45-1683.53 LP
