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☆ Goldman names Indian stocks to buy ahead of a 'generational shift,' giving one 30% upside
▼ + stars: | 2023-07-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

"We believe India's electricity sector is going through a generational shift as the country looks to balance the economic growth with decarbonization," Goldman Sachs analyst Nikhil Bhandari told CNBC's "Street Signs Asia". Bhandari also told CNBC that India has a unique opportunity in green hydrogen thanks to the viability of round-the-clock renewable electricity. "This is unlike China, where we feel around the clock renewable electricity will be more economical towards the end of the decade." Goldman has a 12-month price target of 265 Indian rupees ($3.24) on NTPC, representing more than 30% upside from the current share price. Shares of SJVN have already risen past Goldman's price target of 55 Indian rupees and now carry a downside risk of 6%.

Persons: Goldman Sachs, NTPC, Nikhil Bhandari, CNBC's, Bhandari, Goldman, — CNBC's Michael Bloom Organizations: CNBC, Tata Power Locations: India, China, NTPC

☆ Goldman Sachs predicts 'peak electricity demand shortages' in India
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs predicts 'peak electricity demand shortages' in IndiaNikhil Bhandari, co-head of Goldman Sachs' Asia-Pacific natural resources and clean energy equity research, says that means round-the-clock renewables will be a "critical solution" but not a sufficient one, and coal "will still matter."

Persons: Goldman Sachs, India Nikhil Bhandari Locations: India, Asia, Pacific

☆ Nepal seeks to promote itself as an LGBTQ-friendly destination
▼ + stars: | 2023-06-29 | by ( Bibek Bhandari | ) edition.cnn.com time to read: +9 min

We’re starting a new trend, we’re being trendsetters.”Ravit Kushmi, a participant who identifies as queer, calls the training “historic,” adding they can serve as Nepal’s LGBTQ tourism ambassadors. But Pant believes LGBTQ tourists have favored those destinations for years, and Nepal offers a fresh travel experience in Asia. The Nepal Tourism Board plans to launch an official LGBTQ tourism campaign soon, too. “This niche market will contribute to Nepal’s tourism,” says Mani R. Lamichhane, director of the Nepal Tourism Board. He says Nepal’s LGBTQ tourism would provide mutual benefits, particularly for tourists visiting the country seeking adventure and spiritual experiences.

Persons: Nepal’s, Sunil Babu Pant, “, ”, gwara mari, –, Bibek Bhandari, Himal Pandit, Manoj, Asshika, Ravit, Tiffany, Pant, John Tanzella, Courtney Mitchell, Sarah Welton, Mani R, Lamichhane, Rubina Bhujel, Bhadra, ” Bhadra, ” Pant Organizations: Kathmandu CNN, Pant, Nepal Tourism, –, Nepal Mountaineering Academy, CNN, International, Travel, ”, Nepal’s, Nepal Tourism Board, West University, UN Locations: Kathmandu, Pant, Nepal, Bibek, Bibek Bhandari Nepal, Thamel, ” Nepal, Asia, Taiwan, India, Thailand, Pink, American, “ Nepal

☆ Goldman Sachs names the winners and losers of an expected glut in EV battery parts
▼ + stars: | 2023-06-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs expects an oversupply in the global market of battery parts for electric vehicles to have major implications for four major companies. Potential losers The bank's analysts expect POSCO Future M and EcoPro BM, two major Korean cathode producers, to be negatively impacted by this surplus. We thus initiate at Sell on Posco Future M and Ecopro BM," said Goldman Sachs analysts led by Nihil Bhandari in a note on June 12. And winners While Korean cathode manufacturers are expected to face potential margin compression, Korean battery cell makers LG Chem and Samsung SDI are deemed to be in a more favorable position. According to Goldman Sachs, the entry barrier for assembling battery cells is higher than for producing cathodes, making it a less crowded market.

Persons: Goldman Sachs, Nihil Bhandari, Goldman Organizations: Trust Asia, Japan ETF, South Korean, LG Chem, Samsung SDI, Investors, SmartETFs Sustainable Energy, Franklin FTSE Locations: Japan, POSCO, Korean, Franklin FTSE South Korea, South Korea

☆ We expect the U.S. to become self-sufficient in battery cells by 2026, Goldman Sachs says
▼ + stars: | 2023-06-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the U.S. to become self-sufficient in battery cells by 2026, Goldman Sachs saysNikhil Bhandari of the investment bank says the U.S. Inflation Reduction Act is "the most supportive regulation in ... clean tech history."

Persons: Goldman Sachs, Nikhil Bhandari

☆ Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows
▼ + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesChina's lackluster economic recovery since emerging from strict "zero-Covid" lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors. Higher targets for JapanForeign investors have undoubtedly been key in driving the Japanese market, maintaining the highest levels the Nikkei has seen since 1990. During the same period last year, foreign investors had sold a net 1.73 trillion yen approximately. Wall Street banks including Morgan Stanley and Societe Generale are among those that are optimistic on Japanese stocks, holding "overweight" positions. Upside for Korea tech stocksSouth Korea is another market closely watched as concerns over China's recovery linger.

Persons: Goldman, Andrew Tilton, Berkshire Hathaway's Warren Buffett, India's, Goldman Sachs, Tilton, Morgan Stanley, ROE, Mike Wilson, we've, Price, Goldman's Tilton, Rhee Chang, Nomura, Chloe Andrieu, Pranjul Bhandari, Bhandari Organizations: Bloomberg, Getty, Asia, Pacific, Japan Foreign, Nikkei, Japan's Ministry of Finance, Societe Generale, Equity, U.S, UBS Global Wealth, U.S ., UBS, The Bank of, CNBC, Citi, AFP, Afp, Korea Financial Investment Association, South Korean, Fitch, Ben Advisors Locations: Macau, China, Japan, South Korea, India, Goldman Sachs, Berkshire, South, Shanghai, Shenzhen, Wall, Korea, Asia, The Bank of Korea, Fuyang, China's, Anhui, Indonesia

☆ Despite world-beating growth, India's lack of jobs threatens its young
▼ + stars: | 2023-05-30 | by ( Ira Dugal | ) www.reuters.com time to read: +6 min

India's urban unemployment soared during the COVID-19 pandemic, reaching a high of 20.9% in the April-June 2020 quarter, while wages fell. Falling employment and earnings undermine India’s chances to fuel the economic growth needed to create jobs for its young and growing population. This means that of the estimated urban workforce of about 150 million, only 73 million have full-time jobs. But only 24 million will likely be created, leaving behind "46 million missing jobs." "From that lens, a growth rate of 6.5% will solve a third of India’s jobs problem," Bhandari wrote.

☆ India's note withdrawal to improve liquidity, ease short-term rates - analysts
▼ + stars: | 2023-05-22 | by ( Siddhi Nayak | ) www.reuters.com time to read: +2 min

MUMBAI, May 22(Reuters) - The Indian central bank's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down recently elevated short term rates, analysts and bankers said. Kotak Institutional Equities estimates that liquidity could improve by around 1 trillion rupees, depending on the behaviour of depositors, while QuantEco Research pegs the potential liquidity impact at 400 billion rupees to 1.1 trillion rupees. ICICI Securities Primary Dealership estimates the liquidity surplus could increase to 1.5-2 trillion rupees. India's banking system liquidity surplus has averaged above 600 billion rupees in May. About 2.5-3 trillion rupees of banking sector liquidity leaks out as currency in circulation each year, wrote Pranjul Bhandari, chief India economist at HSBC.

☆ More women describe having forced abortions in Nigerian Army programme
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +20 min

And both lost their pregnancies after they were taken into custody by Nigerian soldiers and given unidentified pills and injections. Nigerian military leaders previously have adamantly denied the existence of the abortion programme and the deliberate killing of unarmed children. We respect every living soul.”Asked about the military’s comments on the programme, Yau replied: “This happened to me, and they are denying it. After she was put into a room with three other pregnant women, Yau said, army personnel gave her pills and more injections. Reuters was unable to determine if this tally overlapped with others cited in its December story about the abortion programme.

☆ Indian shares set to open lower ahead of RBI policy decision
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, April 6 (Reuters) - Indian shares are poised to open lower on Thursday, ahead of what many expect to be the Reserve Bank of India's final interest rate hike in the current cycle. India's NSE stock futures listed on the Singapore exchange were down 0.12% at 17,603 as of 7:59 a.m. IST. The MSCI's gauge of the broader index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.42%. ** Equitas Small Finance Bank Ltd (EQUI.NS): Co posts 36% YoY growth in gross advances at 280.61 billion rupees in the quarter-ended March. ** Avenue Supermarts Ltd (AVEU.NS): Co posts standalone revenue from operations at 103.37 billion rupees for the quarter-ended March, up 20% YoY; total stores at 324.

☆ Uganda’s anti-gay bill is the latest and worst to target LGBTQ Africans
▼ + stars: | 2023-04-06 | by ( Aditi Bhandari | ) www.reuters.com time to read: +14 min

Same-sex activity in Africa is punishable by … Map of the 32 African countries where same-sex activity is illegal. Same-sex activity in Africa … Map of the 22 African countries where same-sex activity is legal. In 1993, Guinea-Bissau became the first African country to legalise LGBTQ activity when it adopted a new Penal Code that didn’t include any laws criminalising it. Country Constitutional protection Broad protections Employment Hate crime Incitement Marriage or civil union Adoption Angola No Yes Yes Yes Yes No No Botswana No No Yes No No No No Cape Verde No No Yes Yes No No No Gabon No No No No No No No Guinea-Bissau No No No No No No No Lesotho No No No No No No No Mozambique No No Yes No No No No Sao Tome and Principe No No Yes Yes No No No Seychelles No No Yes No No No No South Africa Yes Yes Yes No Yes Yes YesNote: Broad protections include laws protecting against discrimination in at least 3 of 4 categories: the provision of goods and services, housing, healthcare and education. Namibia and Mauritius criminalise same-sex activity, but around 35% of respondents said they would dislike having a gay neighbour.

REUTERS/Thomas White/IllustrationMUMBAI/NEW DELHI, April 3 (Reuters) - A surge in India's services exports, which hit a record high in the October-December quarter, is expected to shield the economy from external risks as a slowing global economy will likely weigh on the country's merchandise exports. Services exports will likely surpass goods exports by March 2025, he said. Reuters Graphics Reuters GraphicsIT services still accounted for 45% of India's total services exports in April-December. EXTERNAL SHIELDThe continued rise in services exports is likely to help rein in India's current account deficit. There is room for further growth with India's share in world commercial services exports currently just at around 4%."

☆ China may switch to round-the-clock renewables in the later part of this decade: Goldman Sachs
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina may switch to round-the-clock renewables in the later part of this decade: Goldman SachsNikhil Bhandari of the investment bank says that's once it solves the "reliability problem."

WASHINGTON, March 27 (Reuters) - Conservative U.S. Supreme Court justices on Monday appeared inclined to uphold a federal law that made it a crime to encourage illegal immigration, signaling agreement with President Joe Biden's administration that the measure does not violate constitutional free speech protections. Circuit Court of Appeals threw out Hansen's conviction for violating the provision, which bars inducing or encouraging noncitizens "to come to, enter or reside" in the United States illegally, including for financial gain. The 9th Circuit upheld Hansen's convictions on mail and wire fraud charges. The 9th Circuit decision applies in the group of western states over which it has jurisdiction including Arizona and California, which border Mexico. Circuit Court of Appeals, which has jurisdiction of a group of other states, also ruled against the law in a separate case.

India's finance minister will present the annual budget to parliament on Wednesday. Bloomberg | Getty ImagesIndia's finance minister will present the annual budget to parliament on Wednesday. Finance Minister Nirmala Sitharaman will announce the final full-year budget before the next general elections in 2024. Analysts expect the government to focus on continued fiscal consolidation for this year's budget, despite challenges. Nirmala Sitharaman, India's finance minister, speaks during a news conference at the National Media Center in New Delhi, India, on Monday, Nov. 15, 2021.

☆ Goldman Sachs sees oil prices heading to $100 a barrel by the third quarter of 2023 amid China reopening
▼ + stars: | 2023-01-27 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Goldman Sachs expects oil prices to jump to $100 a barrel by the third quarter of 2023. The bank said China's reopening was likely to add 1.6 million barrels a day in demand to the market. The analyst added that crude supply wasn't in a place to accommodate Chinese resurgence "because of the underinvestment we've seen over the last few years in oil assets." The increase in oil prices projected by Goldman Sachs would represent a 22% rise on current levels of around $81.99 for crude oil. "The fifth of February product embargo could be more disruptive to the product prices, not necessarily crude but to the product prices by way of higher refining margins of diesel," Bhandari said.

☆ India's 2023/24 budget likely to be cautious, cutting deficit
▼ + stars: | 2023-01-25 | by ( Aftab Ahmed | ) www.reuters.com time to read: +4 min

The federal government is likely to cut its fiscal deficit to between 5.8% and 5.9% of GDP in 2023/24 from the 6.4% of 2022/23, other officials have said. The deficit will remain much larger than the 4% to 4.5% of GDP that was usual for decades. Reuters GraphicsThe international slowdown will hold down growth in nominal GDP - real growth plus inflation - to about 11% for 2023/24 from an estimated 15.4% for 2022/23. NUMBERS VS SPEECHModi's government in the past has used the budget document to lay out a broad economic vision and social agenda. The government is expected to borrow a record 16 trillion rupees in 2023/24, according to a Reuters poll.

☆ In Nepal Crash, Black Box Is Recovered From Yeti Airlines Plane
▼ + stars: | 2023-01-17 | by ( Krishna Pokharel | Stacy Meichtry | ) www.wsj.com time to read: 1 min

Nepalese authorities have recovered flight recorders from a plane crash that killed 69 people, a key step in their probe into what brought down the Yeti Airlines flight. Gen. Krishna Prasad Bhandari, the spokesman for the Nepalese army, said search teams located the black box of flight YT-691 on Monday, a day after it crashed into the gorge of the Seti River as it was approaching the international airport at Pokhara, Nepal’s second-most-populous city after Kathmandu.

☆ Nepal Recovers Black Box From Yeti Airlines Plane Crash
▼ + stars: | 2023-01-16 | by ( Krishna Pokharel | Stacy Meichtry | ) www.wsj.com time to read: 1 min

Rescuers on Monday were searching for three people still unaccounted for in the plane crash in Pokhara, Nepal. Nepalese authorities have recovered flight recorders from a plane crash that killed 69 people, a key step in their probe into what brought down the Yeti Airlines flight. Gen. Krishna Prasad Bhandari, the spokesman for the Nepalese army, said search teams located the black box of flight YT-691 on Monday, a day after it crashed into the gorge of the Seti River as it was approaching Pokhara International Airport.

☆ At Least 68 Killed in Nepal Plane Crash
▼ + stars: | 2023-01-16 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com time to read: 1 min

A plane crashed into a river gorge in central Nepal on Sunday, killing at least 68 people and sending Nepalese authorities into a scramble to determine what brought the aircraft down. The Yeti Airlines turboprop hit the gorge of the Seti River about a mile from its destination, Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the spokesman for the Nepalese army. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

☆ Nepal Plane Crash Kills Dozens, Some Remain Missing
▼ + stars: | 2023-01-15 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com time to read: 1 min

A plane carrying 72 people crashed into a river gorge in central Nepal on Sunday, killing at least 62, according to a spokesman for the Nepalese army. The Yeti Airlines aircraft went down in the gorge of the Seti River about a mile away from Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the army spokesman. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

☆ Nepal Plane Crash Kills Dozens, Many Remain Missing
▼ + stars: | 2023-01-15 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com time to read: 1 min

A plane carrying 72 people crashed into a river gorge in central Nepal on Sunday, killing at least 29, according to a spokesman for the Nepalese army. The Yeti Airlines aircraft went down in the gorge of the Seti River about a mile away from Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the army spokesman. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

☆ Plane carrying 72 people crashes in Nepal
▼ + stars: | 2023-01-15 | by ( ) www.nbcnews.com time to read: 1 min

At least 16 people were killed on Sunday when an aircraft crashed in western Nepal, an army spokesman said, as hundreds of rescue workers scoured the hillside crash site. “We expect to recover more bodies,” Krishna Bhandari told Reuters. “The plane has broken into pieces.”There were 72 people on the twin-engine ATR 72 aircraft operated by Nepal’s Yeti Airlines, including two infants, four crew members and 10 foreign nationals, said airline spokesman Sudarshan Bartaula. “We are trying to ascertain it.”Local television showed thick black smoke billowing from the crash site as rescue workers and crowds of people gathered around the wreckage of the aircraft. Air accidents are not uncommon in Nepal, home to eight of the world’s 14 highest mountains, including Everest, as the weather can change suddenly and make for hazardous conditions.

☆ At least 16 killed in Nepal's worst air crash in 30 years
▼ + stars: | 2023-01-15 | by ( ) www.cnbc.com time to read: +1 min

Rescuers and onlookers gather at the site of a plane crash in Pokhara on January 15, 2023. An aircraft with 72 people on board crashed in Nepal on January 15, Yeti Airlines and a local official said. At least 16 people were killed on Sunday when an aircraft crashed in western Nepal's Pokhara, an army spokesman said, in the small Himalayan country's worst crash in more than 30 years. Yeti Airlines has a fleet of six ATR72-500 planes, according to its website. Nepal Prime Minister Pushpa Kamal Dahal has called an emergency cabinet meeting after the plane crash, a government statement said.

The government uses the estimates as a basis for its growth and fiscal projections for the next budget due on Feb. 1. Since September, economists have been cutting their 2022/23 growth projections to around 7% due to slowing exports and risks of high inflation crimping purchasing power. India's nominal growth, which includes inflation, is projected to be at 15.4% for 2022/23, up from an earlier 11.1% estimate. "The nominal GDP growth is higher, implying that the government's fiscal deficit target will be achieved," said Sabnavis. "Buoyant albeit mixed domestic consumption should help to stave off some of the pain arising from weak exports during this period," Aditi Nayar, economist at ICRA.

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