Page 4 - Ubs India
Covid-19 pandemic to trigger deglobalisation. Can India be the next China?
According to Nomura, unconventional monetary policies will be the new normal, reducing the urgency for fiscal austerity
 "Covid-19 pandemic to trigger deglobalisation. Can India be the next China?")
Bajaj Finance dips 8% after UBS downgrades it to 'Sell', cuts target price
The Covid-19 induced slowdown, UBS believes, could have worse impact on the auto finance segment than demonetissation or global financial crisis, casting shadow on the NBFC's loan segment
 "Bajaj Finance dips 8% after UBS downgrades it to 'Sell', cuts target price")
Coronavirus: UBS cuts India's FY21 real GDP growth forecast from 5.1% to 4%
"For the full year, we now expect India's real GDP growth to slow further to 4 per cent year-on-year in FY21 (previously 5.1 per cent)," UBS said in a research note.
 "Coronavirus: UBS cuts India's FY21 real GDP growth forecast from 5.1% to 4%")
ICICI Bank gains 3%, hits new high as brokerages raise target price
Foreign brokerage UBS raised its target price for the stock to Rs 620 from Rs 570, while Nomura raised the target to Rs 645 from Rs 610
 "ICICI Bank gains 3%, hits new high as brokerages raise target price")
YES Bank falls 8% from intra-day high ahead of June quarter result
Most of the brokerages see pressure on YES Bank's profitability considering deterioration in asset quality and muted loan book growth during Q1FY20.
 "YES Bank falls 8% from intra-day high ahead of June quarter result")
Current IPO pipeline gives us lot of confidence: UBS India's Anuj Kapoor
The projected economic growth, positive macro drivers, and India's demographic are key drivers for the investment banking business
 "Current IPO pipeline gives us lot of confidence: UBS India's Anuj Kapoor")