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https://economictimes.indiatimes.com/markets/commodities/news/crude-oil-prices-fall-on-worries-about-a-new-surge-in-coronavirus-infections/articleshow/76551941.cms | NEW YORK: Oil prices fell $2 a barrel on Wednesday, as investors worried about record high crude inventories and feared that a second wave of the coronavirus pandemic could stall the reopening of global economies and cut fuel demand. Brent crude was down $2.04, or 4.8 per cent, to $40.59 a barrel by 11:03 a.m. EDT (150... | oil prices fall $2 a barrel as investors worry about record high crude inventories. coronavirus cases in the u.s., china, Latin America and india have unnerved investors. a second wave of infections and lockdowns could derail global economic recovery. ecb chief economist warns euro zone economy still needs a long time ... | Negative |
https://economictimes.indiatimes.com/news/economy/policy/formulate-action-plan-to-recover-tax-arrears-parliamentary-panel/articleshow/63453374.cms | NEW DELHI: A parliamentary panel has asked the government to formulate a concrete action plan to recover tax arrears that have reached Rs 11.5 lakh crore.The standing committee on finance (2017-18) has said that it is "alarming" that the department of revenue seems to be caught up in the vicious cycle of tax arrears.Mo... | standing committee on finance (2017-18) says department of revenue is caught up in vicious cycle of tax arrears. more than Rs 11.5 lakh crore (Rs 9,30,741 crore in direct taxes and Rs 2,28,530 crore in indirect taxes) are outstanding. committee recommends "concrete action plan and a roadmap to clear the backlog through... | Negative |
https://www.businesstoday.in/markets/commodities/rupee-falls-29-paise-to-7364-amid-strong-us-dollar-foreign-fund-outflows/story/415476.html | Indian rupee depreciated 29 paise to 73.64 per dollar in Tuesday's opening deals amid rise in demand for the US currency from banks and importers.
Forex traders said strengthening American currency and foreign fund outflows weighed on the local unit.
The Indian currency started off on a tepid note at 73.63 at the int... | rupee depreciates 29 paise to 73.64 per dollar in opening deals. rupee was down 29 paise over previous close of 73.35 against the us dollar. dollar index rose 0.44% to 93.12. domestic equity markets traded on a bullish note. Sensex traded 250 points higher at 38,668 and Nifty gained 72 points. | Negative |
https://www.financialexpress.com/economy/govt-mulls-us-like-equity-support-for-top-20-nbfcs/1829818/ | The Centre is considering a proposal on the lines of TARP — the US’ Troubled Asset Relief Programme for the beleaguered financial sector during 2008 financial crisis — to invest in equity of ‘top twenty’ non-banking financial companies (NBFCs) to boost their lending capacity. The NBFCs to benefit from the scheme would ... | government might use residual SUUTI holdings to subscribe to preferential equities of the identified NBFCs. TARP was an initiative by the us Treasury to stabilise the financial system during the global financial crisis. the scheme ran from 2008 to 2010 investing $426.4 billion and earning back $441.7 billion. the IL&FS... | Negative |
https://economictimes.indiatimes.com/news/international/business/curtailed-hajj-compounds-saudi-economic-woes/articleshow/76670617.cms | Vacant religious sites. Abandoned pilgrim tents. Lifeless hotels. A stunning emptiness - and fears of economic ruin - haunt the usually bustling city of Mecca after Saudi authorities curtailed the hajj pilgrimage over coronavirus Islam's holiest city usually hosts millions of pilgrims for the annual rite, but the kingd... | the hajj and lesser umrah pilgrimage together rake in some $12 billion. the kingdom has barred overseas visitors from this year's event, scheduled for late July. the virus, which hit the holy city hard, has also battered pilgrimage-reliant businesses. many have reported sweeping layoffs, pay cuts or delayed salaries. | Negative |
https://www.businesstoday.in/current/corporate/coronavirus-fallout-zara-owner-inditex-logs-first-quarterly-loss-as-sales-nosedive/story/406496.html | Zara owner Inditex booked its first-ever quarterly loss on Wednesday as it reported results for the period February to April that spanned the coronavirus outbreak and the ensuing shuttering of thousands of its stores around the world.
The retailer booked a net loss of 409 million euros ($465 million) on sales of 3.3 b... | retailer booked a net loss of 409 million euros ($465 million) on sales of 3.3 billion euros. nearly half the sales of 5.9 billion euros booked in the same period one year ago. the company said it expected all stores in key markets to be open by end-June. online sales rose by 95% in April, it said. sales in constant cu... | Negative |
https://www.moneycontrol.com/news/business/indias-chronic-agri-distress-led-to-a-change-in-political-flags-3291741.html | Ruchi AgrawalMoneycontrol Research
Highlights
- Farmer woes repeatedly used for political mileage
- Despite productivity uptick, low profitability in agriculture
- eNAM and MSP implementation flawed
- Minimal steps taken for improving storage infrastructure and rural logistics -------------------------------------... | farmer woes are often used for political mileage. despite productivity uptick, agriculture has remained devoid of profitability. rural unemployment and lack of storage are major reasons. lack of adequate storage provision exposes farmer to exploitation by middlemen. lack of adequate credit facilities - farmers have lit... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-crisis-ample-optimism-to-show-recovery-is-possible-writes-gautam-adani/story/401117.html | Day after the IMF cut India's economic growth forecast, billionaire Gautam Adani on Wednesday said that the Indian economy would soon recover from the downturn caused by coronavirus outbreak. "Global economic history is full of major ups and downs. India's domestic economy has always stood as a great shield in protecti... | india's economy will soon recover from the coronavirus outbreak, billionaire says. the IMF cut its growth forecast to 1.9 per cent in fiscal year 2020-21. prime minister Narendra Modi announced an extension of nationwide lockdown. he urged people to keep spirits high amid the challenges posed by the infectious virus. a... | Negative |
https://www.moneycontrol.com/news/politics/modi-government-resorting-to-illegal-diversion-of-clean-energy-fund-sitaram-yechury-3272581.html | Agartala: CPI(M) General Secretary Sitaram Yechury addresses a press conference in Agartala, Monday, Nov 12, 2018. (PTI Photo) (PTI11_26_2018_000080B)
CPI(M) General Secretary Sitaram Yechury Monday alleged that the BJP government at the Centre has been resorting to "illegal diversion" of clean energy funds to pay the... | cpi(m) general secretary says BJP is resorting to "illegal diversion" of clean energy funds. he alleged that the economy of the country has been destroyed by prime minster Narendra modi. he tweeted: "an all-round disaster from this thoroughly corrupt, inept and incompetent govt (sic)" | Negative |
https://www.moneycontrol.com/news/world/north-koreas-kim-jong-unstresses-self-sufficient-economy-as-tensions-with-south-korea-rise-5372521.html | North Korean leader Kim Jong Un focused on domestic economic issues at a meeting of the politburo of the country's ruling Workers Party, state media said on Monday, as the North ramped up pressure on South Korea over defector activities.
The two-day politburo meeting comes at a time of economic uncertainty amid the gl... | the meeting focused on domestic economic issues, state media said. the meeting comes at a time of economic uncertainty amid the global COVID-19 pandemic. the north has lashed out at south Korea over defector activities. the meeting did not mention the North's increased criticism of the country. a politburo meeting is s... | Negative |
https://www.moneycontrol.com/news/business/stocks/reduce-bata-india-target-of-rs-1100-geojit-5678891.html | live bse live
nse live Volume Todays L/H More ×
Geojit's research report on Bata India
We downgrade our rating to SELL with revised Target of Rs.1,100 (earlier Rs1,400) factoring in the likely weak performance in the short term due to COVID-19. Q1FY21 revenue de-grew sharply by 85%YoY owing to lockdown in April & Ma... | despite significant lease waivers, BIL reported net loss of Rs.101cr Vs net profit of Rs.100cr YoY. forecast is for revenue/ earnings to grow at 4%/7% CAGR over FY20-22E. we value BIL at 37x (above 3Yr Avg) on FY22 EPS. despite lockdown in April & May, BIL's 85% of the stores are now open. | Negative |
https://www.moneycontrol.com/news/business/markets/market-live-sensex-up-200-pts-nifty-midcap-extends-gains-manpasand-beverages-dips-20-2576811.html | May 28, 2018 / 05:18 PM IST
State-owned lenderBank of IndiaMonday reported a net loss of Rs 3,969.27 crore for the March quarter, as asset quality worsened and provisions increased. The bank had posted a loss of Rs 1,045.52 crore in the same quarter last year.
Analysts polled by Reuters had estimated the bank's loss ... | bank of india reports net loss of Rs 3,969.27 crore for the quarter. asset quality worsens and provisions increase. net interest income falls 26 percent to Rs 2,563.85 crore from Rs 3,469 crore in year-ago period. a Reuters poll estimated an NII decline of 22 percent to Rs 2,699 crore. a Reuters poll estimated an NII d... | Negative |
https://www.moneycontrol.com/news/business/personal-finance/deflation-a-multi-headed-demon-that-hurts-economies-and-investments-5480581.html | Nishant Gupta & Anil Ghelani
In India, we are so used to seeing inflation as the key enemy that everyone takes efforts to keep it under control. Deflation has remained simply a term we learn about in our study material – the state of an economy in which it faces a slower growth and lower inflation. During deflation, w... | a good company may start to look bad and a leveraged company may start its journey towards bankruptcy. a good company may start to look bad and a leveraged company may start its journey towards bankruptcy. a good company may start to look bad and a leveraged company may start its journey towards bankruptcy. a good comp... | Negative |
https://www.financialexpress.com/auto/bike-news/dream-delivery-royal-enfield-interceptor-650-packed-in-huge-scale-model-box-towed-by-a-jaguar-f-pace-die-cast-model-latvia-price-home-delivery-bikes/1967117/ | A customer got lucky in Latvia when a Royal Enfield dealership delivered an Interceptor 650 to him in quite a fancy way. Read to find out how!
Getting a motorcycle delivered in a unique fashion must be a dream for many of you out there! Now, Royal Enfield showrooms in Latvia are coming in the headlines these days for ... | a customer got lucky when a Royal Enfield dealership delivered an Interceptor 650 to him in Latvia. the bike was packaged in a huge scale model box and then loaded onto a trailer. the box was towed by a luxury Jaguar F-Pace. the company recently recalled over 15,000 units of the Interceptor, Continental GT 650 and the ... | Negative |
https://www.financialexpress.com/market/icici-bank-hdfc-infosys-drag-nifty-below-8100-in-todays-trade-check-what-pulled-dalal-street-lower/1918137/ | Domestic equity market benchmarks Sensex and Nifty settled lower for the second consecutive day in the financial year 2020-21 on Friday due to sell-off private bank stocks after Moody’s changed outlook on Indian banks to negative. The 30-share index Sensex ended 674 points or 2.39 per cent down at 27,591, while broader... | Sensex ended 674 points or 2.39 per cent down at 27,591. broader Nifty50 index finished below the crucial 8,100 level. a ratings downgrade for the Banking sector, due to impact of covid-19, impacted the financial stocks. FIIs were net sellers to the tune of Rs.1100 Crores, on April 1. | Negative |
https://www.financialexpress.com/economy/mandi-prices-of-many-rabi-crops-fall-below-msps/1919736/ | By Prabhudatta Mishra
Even as farmers wait to receive the PM-Kisan benefit from the government after the Covid-19 outbreak, the support will be offset by losses for them.
Notwithstanding the concerns over broken supply chains, mandi prices of at least three rabi crops – mustard, chana and masur – are ruling at 11-14%... | mandi prices of at least three rabi crops ruling at 11-14% below their respective minimum support prices (MSPs) unless the government implements a robust procurement system after the lockdown is lifted, farm-gate prices could remain depressed. for the 2019-20 crop year, MSPs of rabi crops were raised by 5-7% from the p... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-lovkdown-economic-stimulus-package-fiscal-deficit-covid-19-pandemic/story/404137.html | On the night of May 5, India announced the steepest ever tax hike on fuel, by Rs 13 on diesel and Rs 10 on petrol per litre. This was when the fuel consumption had fallen by 46% and international crude price (India basket) by 67%. The government expects to generate Rs 1.4 lakh crore of extra revenue through this tax hi... | the hike is the steepest ever on fuel, by Rs 13 on diesel and Rs 10 on petrol per litre. the hike is to raise funds for stimulus 2.0 to revive the economy. oil PSUs are under stress due to the government's fiscal policies. the hike is a reversal of the economy's slowdown. the government is also putting pressure on the ... | Negative |
https://economictimes.indiatimes.com/industry/cons-products/fmcg/safer-zones-running-out-of-non-essentials/articleshow/75523898.cms | New Delhi | Chandigarh: Retailers in corona-free zones will soon run out of fans, electrical fittings, textbooks, mobile phones, stationery items and other goods as they need to replenish dwindling stocks with supplies from wholesale markets and warehouses located in severely restricted “red zones”.“This is defeating g... | wholesale markets and warehouses in restricted "red zones" are running out of goods. wholesale markets are shut and many stores are closed. a similar situation is happening for electronics, where factories depend on inputs. a spokesman for the government says it is 'unfair' to allow wholesalers to operate for four hour... | Negative |
https://www.financialexpress.com/opinion/over-the-barrel-energy-lessons-from-covid-19/1920003/ | By Vikram S Mehta
In the midst of a global pandemic of epic dimensions, one is hesitant to write about the narrow subject of petroleum. It seems so trivial. But then, if there is one certainty, it is that human ingenuity and technology will push us, sooner (hopefully) than later, into a post-Covid world. And at that t... | a global pandemic of epic dimensions is sweeping the world. but what should India do now to prepare for an uncertain and contingent energy future?. the Centre has indeed ‘fallen apart’ in the international petroleum market. the price of oil, at just above $30/bbl (at the time of writing), is at a decade low. the averag... | Negative |
https://www.businesstoday.in/current/economy-politics/raise-conserve-capital-to-tide-over-covid-uncertainties-former-rbi-deputy-governor-tells-banks/story/411044.html | Commercial banks of the country are required to raise capital at this juncture even if it is not needed as the COVID-19 pandemic has made the future uncertain, former deputy governor of RBI N S Vishwanathan said.
He said that raising resources at the moment is essential as it might not be available or become exorbitan... | former deputy governor of RBI says banks are required to raise capital at this juncture. he says that when it is needed, capital might not be available or become exorbitant. he says that the entire risk management mechanism will undergo a paradigm shift. he says that 91 per cent of SBI's transactions are outside the ba... | Negative |
http://www.moneycontrol.com/news/business/news-live-pnb-scam-may-cost-banking-sector-about-rs-21000cr-2515887.html | 20:18 ACC shelves merger with Ambuja Cements
ACC has called off the merger with Ambuja Cements Limited (ACL). ACC has said in a BSE notification that currently there are 'constraints in implementing merger between the company and ACL." The notification continues to say that the merger with ACL remains to be 'the ultim... | ACC has called off merger with Ambuja Cements Limited (ACL) merger with ACC remains to be 'the ultimate Objective' and will not be proceeding with the Merger. 'there are constraints in implementing merger between the company and ACL', ACC says. 'the merger with ACL remains to be 'the ultimate Objective' | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/citi-raises-sensex-target-to-37300/articleshow/65247612.cms | Mumbai: Citigroup has raised Sensex target to 37,300 from 35,700, citing strong earnings growth. However, the target would imply little upside as the index is already near that level.The Sensex ended down 356.46 points or 0.95% at 37165.16 on Thursday."Our sentiment indicator (CISI) suggests modest 12-month-forward ret... | the Sensex ended down 356.46 points or 0.95% at 37165.16 on Thursday. the firm said earnings growth in the first quarter stands at 13% year-on-year. the firm said domestic flows have continued to support Indian equities. it's top five underweight stocks are SBI, HDFC, L&T, NTPC and Tata Steel. | Negative |
https://www.livemint.com/Opinion/dp143pzvYjkwv3EC8x2MaI/Why-are-interest-rates-hardening-despite-RBI-status-quo.html | Last Friday, Small Industries Development Bank of India (Sidbi) raised Rs500 crore from the market through one-year certificates of deposit (CD), paying 8.32%. Normally, a public finance institution like Sidbi raises short-term CDs, paying around a quarter percentage point higher than a one-year treasury bill (T-Bill).... | the yield on one-year treasury bill (t-bill) last Friday closed at 6.95%. this means Sidbi has paid 137 basis points (bps) over one-year T-bill. many private banks have also started offering far higher rates than what the rack rates displayed on their websites. interest rates of all money market instruments, particular... | Negative |
https://economictimes.indiatimes.com/blogs/red-button-day-light/ | Rising domestic violence during lockdown is pushing women to look for an egress and nations across the world need to comprise it as an essential service with the intention of ending the violence without much… | rising domestic violence during lockdown is pushing women to look for an egress. nations across the world need to comprise it as an essential service with the intention of ending the violence without much. a u.n. spokesman says the lockdown should be a key part of the national security system. a u.n. spokesman says the... | Negative |
https://www.businesstoday.in/sectors/aviation/coronavirus-lockdown-aviation-industry-stares-at-rs-25000-crore-revenue-loss-crisil/story/403167.html | Domestic aviation industry will crash-land this fiscal (FY21) with revenue loss of Rs 24,000-25,000 crore due to the extension of lockdown, according to a CRISIL report.
"Airlines will be the worst-affected, contributing more than 70% of the losses, or nearly Rs 17,000 crore, followed by airport operators with Rs 5,00... | domestic aviation industry will crash-land this fiscal (FY21) with revenue loss of Rs 24,000-25,000 crore. airport operators will contribute more than 70% of the losses, or nearly Rs 17,000 crore. coronavirus-led crisis would reverse growth trend of around 11% per annum. roads and highways sector is also expected to re... | Negative |
https://www.livemint.com/Money/jNkayLuWSBqI4VNy577MEM/Indias-MA-activity-sees-no-growth-in-many-years.html | India’s mergers and acquisitions (M&A) activity was near-stagnant between 2009-10 and 2017-18, shows data collated by PwC India. The data was part of a report released at an event organized by the Confederation of Indian Industry.
M&A deals worth ₹ 1.32 trillion were completed in the last fiscal year, which is among t... | the data was part of a report released at an event organized by the Confederation of Indian Industry. M&A deals worth 1.32 trillion were completed in the last fiscal year, which is among the lowest in the past nine years. the level of M&A activity is linked to macroeconomic activity, which means the data doesn’t provi... | Negative |
https://www.moneycontrol.com/news/business/wockhardt-q2-net-loss-widens-to-rs-23-crore-3146381.html | Wockhardt's interest cost for FY20 was Rs 276 crore, while its operating profit for the same fiscal was Rs 98 crore.
Pharma major Wockhardt on November 10 reported widening of its consolidated net loss at Rs 23 crore for the second quarter ended September 30. The company, which plans to raise up to Rs 1,800 crore thro... | the company's interest cost for FY20 was Rs 276 crore, while its operating profit for the same fiscal was Rs 98 crore. the company reported a consolidated net loss of Rs 23 crore for the second quarter ended September 30. the company plans to raise up to Rs 1,800 crore through private placement of non-convertible deben... | Negative |
https://www.financialexpress.com/economy/reforms-do-not-mean-complete-abolition-of-labour-laws-says-rajiv-kumar/1969028/ | Amid concerns over changes in labour laws in various states, Niti Aayog Vice Chairman Rajiv Kumar on Sunday said reforms do not mean complete abolition of labour laws and that the central government is committed to protecting the interests of workers.
In recent weeks, various state governments, including Uttar Pradesh... | a number of states have made amendments or proposed changes to existing labour laws. the government is committed to protecting the interests of workers, says Kumar. he was responding to a question on whether labour reforms can be done without creating some kind of social safety net for wokers. the pandemic has resulted... | Negative |
https://www.moneycontrol.com/news/business/arcelormittal-to-shut-saldanha-plant-in-south-africa-1000-workers-affected-4628761.html | ArcelorMittal
Steelmaker ArcelorMittal's South Africa unit will retrench nearly 1,000 workers and shut down its Saldanha plant due to severe financial losses, amid a global downturn in the steel industry, the company said.
As part of a strategic operations review, the company found its Saldanha operations had lost co... | arcelorMittal's south africa unit will retrench nearly 1,000 workers and shut down its Saldanha plant. the decision comes amid a global downturn in the steel industry. the south african government has expressed "disappointment" at the decision. the company's Saldanha operations have been under pressure for the past few... | Negative |
https://www.moneycontrol.com/news/business/economy/gdp-likely-to-grow-just-2-in-2020-21-icra-5080651.html | Despite the Reserve Bank of India's (RBI) massive actions to spur the economy, India's gross domestic product (GDP) is likely to contract by 4.5 percent in the April-June 2020 quarter and will rise by only 2 percent in 2020-21 on the coronavirus impact, according to domestic rating agency Icra. While announcing a numbe... | india's economy is expected to contract by 4.5 percent in the April-June 2020 quarter. it will rise by only 2 percent in 2020-21 on the coronavirus impact, says Icra. the RBI refrained from giving its estimate on growth and inflation. the country has been placed under a three-week lockdown till mid-April. a slew of ana... | Negative |
https://www.businesstoday.in/latest/trends/coronavirus-lockdown-area-fall-red-zone-post-may-3-check-out-district-wise-full-list/story/402571.html | Coronavirus-induced lockdown is likely to stay in as many as 130 districts of India, as the Union Ministry of Health has released a fresh list of districts, which will be considered 'red zones' after the second phase of the lockdown ends on May 3. The government wants to ensure there's no sudden breakout of cases if it... | the second phase of the lockdown ends on may 3. the government wants to ensure there's no sudden breakout of cases. the government has asked states not to relax zonal classification. the government has also asked states to take all "necessary action for containment". a total of 130 districts have been identified as red... | Negative |
https://www.financialexpress.com/lifestyle/health/wet-markets-like-chinas-huanan-seafood-market-important-risk-factor-for-disease-spread-un-biodiversity-chief/1922255/ | The wet markets, such as the Huanan Seafood Market in China’s virus-hit Wuhan city, are an important “risk factor” for disease spread, the UN biodiversity chief has said as she called for scaling up stricter controls on the sale and consumption of wild species globally. Wild animals sold in the Huanan Seafood Market ar... | wild animals sold in the Huanan Seafood Market are believed to be the source of the novel coronavirus pandemic. the market was closed after the virus outbreak in china in December last year. a ban of the trade, farming and consumption of wild species or a "clamp-down" of wet markets, does not, altogether eliminate the ... | Negative |
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindal-stainless-turns-to-export-more-as-domestic-demand-flattens/articleshow/76191959.cms | Mumbai: Jindal Stainless has exported 12,000 tonnes or 40% of its production in May, while it exports just around 18-20% every year, the company said.“We’re aggressively chasing export markets in the EU and Russia, which constitute the bulk of our export volumes. Besides, we are also looking afresh at other markets lik... | we're aggressively chasing export markets in the EU and Russia' 'we're also looking afresh at other markets like Korea and South America to maximise exports' 'the Indian stainless steel industry can more than fill this gap', said the company. the company announced march 24th, halting operations across its facilities in... | Negative |
https://www.financialexpress.com/defence/sino-india-border-issue-and-chinas-psychological-war/1985898/ | By Lt. Gen Prakash Katoch (retd)
China’s psychological operations are part of ‘unrestricted war’ being waged globally at multiple levels. The aim is to keep the Communist Party of China in power and hide pusillanimous conduct of PLA soldiers – mauled by Vietnam (1979) and India (1967 and 1987).
Dovetailed into the ov... | despite all the talk about ‘technology’, our satellites failed to detect PLA buildup and intrusions which are in sizeable numbers. despite all the talk about ‘technology’, our satellites failed to detect PLA buildup and intrusions which are in sizeable numbers. despite all the talk about ‘technology’, our satellites fa... | Negative |
https://www.financialexpress.com/economy/covid-19-frbm-framework-will-need-to-be-updated-says-former-cea-subramanian/1980406/ | Former chief economic adviser Arvind Subramanian on Wednesday said the FRBM Act will probably have to be revised by the end of the year as India will witness a sharp decline in GDP growth due to the COVID-19 crisis.
Addressing a webinar organised by EY India, Subramanian further said while labour reforms were necessar... | former chief economic adviser said FRBM Act will probably have to be revised. he said labour reforms were necessary but some states have undermined basic protections to workers. he said reviving the financial sector is going to be critical for stimulating economic growth. he also noted that the pandemic in India is not... | Negative |
https://www.financialexpress.com/india-news/chinese-nationals-in-india-fear-backlash-anxious-over-anti-china-sentiments/1995508/ | The border clash between Indian and Chinese soldiers in Ladakh broke the brittle quiet – and also the sense of security for anxious Chinese nationals in India who fear a backlash with anti-Chinese sentiment spiralling in the country.
With the high altitude violent face-off in eastern Ladakh’s Galwan Valley spurring ha... | tensions have been raging over the clashes in eastern ladakh. some say they have been reassured by friends but are still apprehensive. china and india are gearing up to celebrate 70 years of diplomatic ties. experts say the standoff is a sign of a growing tension between the two countries. a chinese official said the s... | Negative |
https://www.livemint.com/Money/RPiJ695fkm4nnX2t0PRkAL/Mounting-risks-for-Indian-equities.html | That India’s macro fundamentals are coming under strain is no secret. With crude oil prices hitting $80/barrel, it could scarcely be otherwise. The depreciating rupee is adding fuel to the fire.
Clearly, the current account deficit is at risk. Inflation, too, has begun to rear its ugly head. Interest rates are headed ... | crude oil prices hitting $80/barrel, it could scarcely be otherwise. the depreciating rupee is adding fuel to the fire. the premium valuation the Indian market enjoys over its peers has started to fall. globally, too, a strengthening dollar, tightening liquidity and rising protectionism could prove ominous for emerging... | Negative |
https://www.livemint.com/Money/bXNl9qUiaaEyVb2U3Wo7PK/Retail-gloom-tech-weakness-pin-down-US-markets.html | New York: The sell-off in US stocks picked up steam, with investors dumping the tech darlings that carried the bull market for much of its record run and retailers who are posting disappointing earnings. Treasuries advanced with the yen and dollar, oil plunged below $55 a barrel to its lowest price in 12 months.
The S... | retailers were the worst performing group in the S&P 500, followed by tech hardware. the sell-off in momentum stocks continued a slump that began last month. the latest blow came from renewed concern that demand for apple’s iPhones has slowed. the u.s. is considering tighter curbs on technology exports. goldman Sachs r... | Negative |
https://www.financialexpress.com/world-news/coronavirus-pandemic-us-stimulus-package-is-biggest-ever-but-may-not-be-big-enough/1913232/ | The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit.
That is partly because ... | the federal reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the financial system seizing up. but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit. the risk is exacerbated by efforts... | Negative |
https://www.financialexpress.com/industry/sme/oyos-promise-that-may-lead-to-its-fall-and-also-puts-softbanks-2-billion-guarantee-at-risk/1926527/ | Just nine months ago, Masayoshi Son publicly declared Ritesh Agarwal one of the star entrepreneurs backed by his SoftBank Group Corp. The Japanese billionaire boasted that Agarwal’s Oyo Hotels & Homes was poised to overtake the biggest hotel chains in the world just a few years after its founding. “It’s unimaginable,” ... | masayoshi son declared entrepreneur one of the star entrepreneurs. he backed agarwal's oyo hotels & homes, which is freezing operations around the world. son personally guaranteed the loans from financial institutions. the two men could face personal losses if the company's valuation drops. agarwal's loan could be used... | Negative |
https://www.financialexpress.com/opinion/covid-19-lockdown-and-the-strange-investment-conundrum/1981687/ | By Rahul Bhasin
Equity prices are headed up, after taking out key resistance levels. The advance-decline in ratios and moving averages confirm it. Historically, it took 6-9 months for Fed-injected liquidity transmission into emerging markets, as the excess return erosion wave progressed through the American Asset risk... | equity prices are headed up, after taking out key resistance levels. Historically, it took 6-9 months for Fed-injected liquidity transmission into emerging markets. but, how has the value changed? Profitability, efficiency of capital, growth and, then, risk-free rate and the risk premium?. the lockdown has hurt all bus... | Negative |
https://www.financialexpress.com/economy/covid-impact-big-tax-shortfall-raises-centres-fiscal-deficit-to-4-6/1975492/ | A big 9.4% shortfall in receipts even against the revised estimate of Rs 19.32 lakh crore announced during the Budget caused the Centre’s fiscal deficit to widen to 4.6% of the GDP in FY20, against 3.8% (RE) budgeted, according to the data released by the Controller General of Accounts on Friday. This was the highest l... | net tax receipts for FY20 stood at Rs 13.56 lakh crore, down 9.9% from RE. non-debt capital receipts in last fiscal year were just Rs 68,620 crore. capital spending suffered, with the actual being Rs 3.37 lakh crore. the consolidated fiscal deficit of the Centre and states in FY20 could be around 7.6%. | Negative |
https://www.financialexpress.com/industry/mahindra-mahindra-q3-profit-slumps-73-per-cent-to-rs-380-crore/1861066/ | Home-grown auto major Mahindra & Mahindra (M&M) on Saturday reported 73 per cent decline in consolidated net profit at Rs 380 crore for December quarter 2019 due to sluggish vehicle sales.
The company had posted a profit after tax (PAT) of Rs 1,396 crore for the same quarter last fiscal, M&M said in a statement.
“The... | home-grown auto major reports 73% decline in consolidated net profit at Rs 380 crore. company had posted a profit after tax (PAT) of Rs 1,396 crore for the same quarter last fiscal. vehicle sales during the third quarter stood at 1,23,353 units as against 1,33,508 units in the same period last fiscal, a decline of 8 pe... | Negative |
https://www.livemint.com/Industry/Ep0T9NdhwAfZSK5oimM0yH/Falling-rupee-puts-28000-crore-of-solar-projects-at-risk.html | New Delhi: In what may further exacerbate India’s stressed power project situation, solar capacities totaling ₹ 28,000 crore face viability risk due to imported solar modules becoming costlier, with the continuous fall in the rupee, ratings agency Crisil Ltd said on Monday.
Most solar power developers in India have be... | solar power capacity totaling 28,000 crore face viability risk. most solar power developers in india have been sourcing solar modules from countries such as China, where they are cheaper. domestic manufacturers account for only around 10% of the market. india has an ambitious 175 gigawatt (GW) clean energy target by 2... | Negative |
https://www.moneycontrol.com/news/india/farm-bill-protest-central-trade-unions-lend-support-to-nationwide-stir-on-september-25-5868531.html | Representative Image
The nationwide demonstration on September 25 by peasants and farmworkers to protest against the passage of two farm bills in Parliament has received the support of 10 central trade unions.
The shared platform of central trade unions and sectoral federations announced its unstinted support to the ... | the central trade unions say they will hold a nationwide protest on September 25. they say the bill is aimed at restructuring the agricultural economy. the prime minister has termed it a "watershed moment" in the history of agriculture. the two farm bills have already been passed by the senate. a senate committee has p... | Negative |
https://www.financialexpress.com/lifestyle/health/coronavirus-sc-refuses-to-hear-plea-for-directing-centre-to-move-icj-for-compensation-from-china/1995657/ | The Supreme Court Thursday dismissed a plea seeking a direction to the Centre to approach the International Court of Justice (ICJ) and file a USD 600 billion compensation case against China, alleging that the COVID-19 pandemic was “deliberately created” by it.
“The writ petition is dismissed,” said a bench headed by C... | the plea sought direction to the Centre to approach the ICJ and file a compensation case against China. it alleges that the COVID-19 pandemic was "deliberately created" by it. the plea said there was strong evidence that COVID-19 originated from china's Wuhan Institute of Virology. the plea said individuals cannot appr... | Negative |
https://www.financialexpress.com/market/commodities/rupee-breaches-72-mark-for-first-time-loses-nearly-3-in-8-sessions/1305069/ | The rupee continued to slide for the eighth consecutive session on Thursday and fell to yet another record low of 72.11 against the dollar in intra-day trade before ending the session at a fresh closing low of 71.9875. There were indications of some intervention by the Reserve Bank of India (RBI), dealers said, though ... | rupee continues to slide for eighth consecutive session on Thursday. rupee has given up nearly 3% in the past eight sessions. rupee slipped to record lows owing mainly to dollar demands in the market. rupee has given up nearly 3% in the past eight sessions. a rupee expert says RBI intervention can only buy us time. a r... | Negative |
https://www.moneycontrol.com/news/business/stocks/a-close-above-11620-in-the-coming-week-will-lay-the-foundation-for-mount-12k-on-nifty-2880291.html | live bse live
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While the Indian market closed the truncated week on a positive note with gains of about 1%, but Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, feels that the vertical move needs to be corrected.
If Nifty closes above 11,6... | if Nifty closes above 11,620-levels we may head towards the zone of 11,800–12,000. a retest of recent low of 27,739 looks inevitable and a decisive close below 27,739 shall lead to the test of its 50-day EMA. a retest of recent low of 27,739 shall lead to the test of its 50-day EMA whose value is around 27,273 as on Fr... | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/about-400-million-workers-in-india-may-sink-into-poverty-un-report/articleshow/75041922.cms | UNITED NATIONS: About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis which is having "catastrophic consequences", and is expected to wipe out 195 million full-time jobs or 6.7 per cent of working hours globally in the second quarter o... | coronavirus pandemic expected to wipe out 195 million full-time jobs. global economy is at risk of falling deeper into poverty. lockdown measures in india have impacted 400 million workers. global economy is at risk of falling into poverty. global economy is at risk of falling into poverty. global economy is at risk of... | Negative |
https://economictimes.indiatimes.com/news/economy/policy/more-clarity-needed-on-manufacturing-locations-allow-entire-value-chain-to-function-says-itc/articleshow/75326706.cms | New Delhi: Diversified business entity ITC Ltd on Thursday called for more clarity from the government on where manufacturing is allowed during the lockdown, while seeking that companies be allowed to sell to consumers whatever is being produced. The Kolkata-based firm, which has a total of around 120 manufacturing uni... | ITC Ltd says 70-80 of its 120 manufacturing units are currently functioning. the company has a capacity utilisation of 20-60 per cent. the lockdown will have a significant impact on the economy, the chairman says. he says it will take a long time for capacity to build up to a reasonable level. he also praised various s... | Negative |
https://www.moneycontrol.com/news/business/real-estate/real-estate-developers-body-seeks-rbis-intervention-to-permit-one-time-restructuring-of-loans-5094951.html | Stating that proceeds from new sales and collection from the sold units have been severely affected due to coronavirus and the subsequent lockdown, a real estate sector body has sought the central bank’s intervention to permit a one-time restructuring of loans and to extend the moratorium period to six months for all d... | proceeds from new sales and collection from the sold units have been severely affected due to coronavirus. real estate sector body has asked the central bank to allow a one-time restructuring of loans. also requested the apex bank to not charge any interest during the lockdown period plus 30 days. a vaccine works by mi... | Negative |
https://www.livemint.com/Politics/lsxJIk6t2ubYYv6xIARhDO/Whyjobquota-protests-rocked-industrial-regions.html | New Delhi: With the Maharashtra government deciding to introduce job and education quotas for Marathas, demands for similar reservations by other communities in other parts of the country are likely to get louder.
More than a quarter century after the liberalization of the economy and the burial of socialism, governme... | most intense agitations for quotas in government jobs have been in some of the most prosperous and industrialized states: Gujarat, Maharashtra and Haryana. Tamil Nadu and Karnataka—along with Gujarat, Maharashtra and Haryana— account for the bulk of new factory jobs generated in india since the turn of the century. con... | Negative |
https://www.businesstoday.in/current/economy-politics/indian-economy-in-deep-trouble-growth-may-contract-5-this-year-sp/story/408135.html | S&P Global Ratings on Thursday said Indian economy is in deep trouble with growth expected to contract by 5 per cent this fiscal.
"India's economy is in deep trouble. Difficulties in containing the virus, an anemic policy response, and underlying vulnerabilities, especially across the financial sector, are leading us ... | s&p predicts growth to fall by 5% this fiscal year before rebounding in 2021. the region's economy is expected to shrink by 1.3 per cent in 2020. the recovery looks set to be weighed down by indebted balance sheets, however. a "balance sheet recession" could loom larger, says a chief economist for the region. | Negative |
https://www.moneycontrol.com/news/business/markets/see-rupee-heading-to-71-these-5-stocks-are-top-buys-after-q1-results-2852051.html | Sensex_Nifty
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Soumen Chatterjee, Head of Research at Guiness Securities, sees the rupee sliding towards 71 against the dollar over the next 3-6 months. He is betting on JSW Steel, Ashok Leyland, Escorts, Oberoi Realty, and Natco Pharma.
Edited excerpts
Q) Should inves... | rupee could slide to 71 against the dollar over the next 3-6 months. he is betting on JSW Steel, Ashok Leyland, Escorts, Oberoi Realty, and Natco Pharma. if there is a global sell-off in equities due to economic turmoil in turkey, India will certainly not remain isolated at a time when valuations are high. | Negative |
https://economictimes.indiatimes.com/markets/expert-view/earning-growth-estimate-cut-to-15-for-fy19-and-20-for-fy20-amit-premchandani-uti-mf/articleshow/66937360.cms | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website Indian School of Business ISB Chief Technology Officer Visit IIM Lucknow IIML Chief Operations Officer Programme Visit Indian School of Business ISB Chief Digital Officer Visit
When we started the year, the estimates for FY19 wa... | a significant decline in availability of credit is being driven by liquidity issues. the cost of liquidity especially for the NBFC sector has moved up by 100 bps. the market tries to price in by reducing the valuation multiple of the stocks. the latest GDP print was below expectations. a broader market view is being us... | Negative |
https://www.moneycontrol.com/news/business/markets/q4-numbers-an-aberration-investors-should-not-pay-attention-while-making-decision-5221111.html | Going by the inputs we have so far, the vaccine will not materialise in a matter of months. It is a time-consuming process. Stimulus and easing of lockdown will certainly limit the further downside for the markets, Ajay Khandelwal, Head - PMS at Globe Capital Markets said in an interview to Moneycontrol's Sunil Shankar... | the world is in the grips of a pandemic called COVID-19. economic activity has come to a standstill due to curfew-like situation in the country. markets have exhibited volatility rarely seen in its history. ajay khandelwal: "the vaccine will not materialise in a matter of months" | Negative |
http://www.moneycontrol.com/news/world/oil-prices-fall-as-us-output-soars-above-10-million-bpd-2503083.html | In the winter of 1925, a Topical Press Film cameraman made a silent record of the Company’s operations in Persia. The 35mm film, entitled ‘The Persian Oil Industry’, was 45 minutes long and shown to specialised audiences in technical institutions. Later, a 15 minute film was produced and shown in public cinemas under t... | oil prices eased on Thursday, taking Brent crude to a 2018 low. soaring US output undermined OPEC efforts to tighten markets. but a north sea pipeline outage and record Chinese imports offered support. a spokesman for a u.s. company said the company was 'not a major player'. | Negative |
https://www.financialexpress.com/industry/labour-day-narayana-murthy-pulls-off-a-jack-ma-says-indians-must-work-12-hours-a-day-now/1945130/ | Infosys co-founder Narayana Murthy pulled off a Jack Ma days ahead of labour day and said that Indians must work for 60 hours a week for the coming 2-3 years to tide over the economic downturn caused by coronavirus lockdown. Indians need to put in more work and more hours to put the economy on a track again, Narayana M... | Infosys co-founder said that Indians must work for 60 hours a week. he said that the government needs to act on many fronts to help people. he said that the ultimate goal for now is to improve productivity. he also said that the government needs to act on many fronts. he said that the government has not provided any gr... | Negative |
https://economictimes.indiatimes.com/markets/forex/rupee-opens-6-paise-down-at-73-64-against-dollar/articleshow/66080385.cms | The rupee on Friday opened 6 paise down at 73.64 against dollar ahead of the monetary policy outcome later in the day.Sustained capital outflows amid surging US Treasury yields and firm crude oil prices racing mainly impacted forex market sentiment.The local currency on Thursday settled 24 paise down at a record low of... | rupee has lost over 100 paise or 1.50 per cent this week. rupee has lost over 100 paise or 1.50 per cent this week. rupee is expected to raise rates by 25 basis points. rupee is expected to trade between 73.60 and 74.20. the rupee is expected to trade between 73.60 and 74.20. | Negative |
https://www.moneycontrol.com/news/business/personal-finance/3-critical-steps-to-take-before-you-start-investing-5680981.html | Vinayak Savanur
Rekha sat down on the sofa, exhausted. She had finally put her daughters, Shikha (2 years old) and Sudha (6 years old) to bed. Ever since she lost her husband, Sunil, last year, she had been struggling with finances to sustain the family. Rekha took up small assignments in her spare time earn a little.... | vinayak Savanur Rekha lost her husband, sunil, last year. he had made some investments but his hospitalisation had depleted all their investments. he had failed to purchase insurance or create an emergency fund to protect his wife and children. create an emergency fund. allocate about 3-6 months’ salary/ income for eme... | Negative |
https://economictimes.indiatimes.com/industry/services/retail/air-purifiers-still-struggling-to-get-some-air/articleshow/66629065.cms | KOLKATA: Indians are still sceptical about purchasing air purifiers despite Indian cities led by Delhi-National Capital Region (NCR) hogging headlines as some of the world’s worst polluted cities , top manufacturers and retailers said.The air purifier market is estimated to be about Rs 200-250 crore and though it’s gro... | air purifier market is estimated to be about Rs 200-250 crore. market is growing at 30-40% this year. only about 1.5 lakh units are expected to be sold this year. marketers blame lack of awareness and wrong perception of indoor air quality. 'when pollution comes down, sales fall drastically,' says one brand. 'air purif... | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/indias-gdp-growth-in-q4-fy20-sinks-to-11-year-low/articleshow/76099894.cms | New Delhi: India’s gross domestic product GDP ) expanded at the slowest pace in 11 years for the fourth quarter and FY20 as the Covid-19 took hold in March, adding to pressures on an already slowing economy. A nationwide lockdown was imposed on March 25 but business activity had begun grinding to a halt a few weeks bef... | the core sector contracted by a record 38% in April as the lockdown hit all eight infrastructure sectors. Cement output fell 86% while fertilisers and crude oil shrank 4.5% and 6.4%, respectively, in April. the decline in electricity generation worsened sharply to 22.8% in April from 8.2% in March. the growth in FY20 i... | Negative |
https://www.financialexpress.com/lifestyle/health/covid-19-lets-prepare-for-the-long-haul/1910657/ | By Chandra Bhushan
As the number of Covid-19 cases nears half a million, governments worldwide seem to view lockdown as a way to control the epidemic. India too has decided to follow this approach and has just entered a three-week lockdown period. While there is widespread public support, questions arise about the app... | india has entered a three-week lockdown period to contain the epidemic. a study has modelled the effect of various interventions in the UK and the us. a study found that the mitigation strategy would result in hundreds of thousands of deaths. a study found that the suppression strategy is the most viable option. a stud... | Negative |
https://www.moneycontrol.com/news/business/markets/what-led-to-oil-market-crash-and-how-does-it-impact-india-5171031.html | Sameer Kalra
April 20, 2020, was a historical day when one of the most desired commodities - that has triggered wars - entered into a negative price zone.
The question is what led to this negative price and does this have any relevance to physical markets and consumer countries like India?
First, we need to understa... | physical oil market sees a fall in demand for oil by 20 million barrels per day due to global shutdown. OPEC+ involving G20 countries agreed on cutting off 9.7 million barrels per day that would translate to only 7.2 mn bbl/day. physical capacity to store oil globally is running out at a very high speed that led to for... | Negative |
https://www.financialexpress.com/india-news/arun-jaitley-tears-into-congress-says-grand-alliance-a-tried-and-failed-idea/1339751/ | Tearing into the Congress and other opposition parties, Finance Minister Arun Jaitley on Saturday called the proposed grand alliance an anarchic combination, the likes of which were “tried, tested and failed” in India.
Speaking at the Hindustan Times Leadership Summit here, the Minister said the experiment of grand al... | finance minister says grand alliances lead to instability where policy gets killed. he attacks Congress president on the non-performing assets issue. he says he needs to "grow up" and understand the issue before indulging in a public debate. he says india can't afford to miss another opportunity to grow at a fast pace.... | Negative |
https://www.moneycontrol.com/news/world/an-aggressive-china-believes-its-time-has-come-5426391.html | There’s little doubt that the Chinese land grab in Ladakh is a pre-meditated act of aggression. There’s been speculation whether it’s due to the building of roads and the beefing up of military infrastructure on India’s side of the line of control. That may well have been the immediate trigger.
An assertive China
But... | china has retaliated against australia’s asking for an investigation into the origins of the coronavirus. the battle for hegemony is well-understood. the rise of china and the relative decline of the us is starkly highlighted. the made in china 2025 policy aims to make 70 percent of high-tech products indigenously by 2... | Negative |
https://www.financialexpress.com/market/equity-fund-inflows-slow-to-3-month-low-in-november/1407112/ | Inflows into equity funds in November stood at Rs 10,790 crore, the lowest levels in the last three months. The contribution of systematic Investment Plan (SIPs) remained stagnant at Rs 7,985 crore as in October.
Inflows into equity funds for the month of October and September were Rs 14,783 crore and 11,251 crore res... | inflows into equity funds in November stood at Rs 10,790 crore. contribution of systematic investment plan (SIPs) remained stagnant at Rs 7,985 crore as in October. debt funds saw inflows of Rs 1.29 lakh crore, with liquid and money market getting inflows of Rs 1.36 lakh crore. in the month of September, debt funds saw... | Negative |
https://www.businesstoday.in/markets/market-perspective/share-market-live-sensex-nifty-dalal-street-stock-outlook-news-on-march-23-yes-bank-aster-dm-healthcare-welspun-torrent-power/story/398926.html | Sensex, Nifty UPDATE: Sensex and Nifty logged their highest losses ever after rising number of coronavirus cases in India and the resultant lockdown in a majority of states took a heavy toll on the financial markets today. While Sensex lost 3,934 points to 25,981 , Nifty closed 1,135 points lower at 7,610. During the s... | Sensex and Nifty logged their highest losses ever after rising number of coronavirus cases. Sensex lost 3,934 points to 25,981 while Nifty closed 1,135 points lower at 7,610. all 19 sectoral indices ended in the red with banks and financial indices losing the most. Sensex has lost 15,188 points or 36.89% in last one mo... | Negative |
https://economictimes.indiatimes.com/markets/bonds/bonds-at-8-month-high-on-rbi-bond-purchase-hopes-inflation-comments/articleshow/66965974.cms | MUMBAI - Indian bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature.The 10-year benchmark bond yield fell to as low as 7.38 per cent,... | the 10-year benchmark bond yield fell to as low as 7.38 per cent. the rupee was weaker at 70.89 to the dollar tracking Asian peers. most Asian currencies fell on concerns over slowing global growth. the central bank kept interest rates unchanged on Wednesday. it took steps to persuade banks to lend more in order to sup... | Negative |
https://www.moneycontrol.com/news/business/stocks/a-close-above-11620-in-the-coming-week-will-lay-the-foundation-for-mount-12k-on-nifty-2880291.html | live bse live
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While the Indian market closed the truncated week on a positive note with gains of about 1%, but Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, feels that the vertical move needs to be corrected.
If Nifty closes above 11,6... | if Nifty closes above 11,620-levels we may head towards the zone of 11,800–12,000. a retest of recent low of 27,739 looks inevitable and a decisive close below 27,739 shall lead to the test of its 50-day EMA. a retest of recent low of 27,739 shall lead to the test of its 50-day EMA whose value is around 27,273 as on Fr... | Negative |
https://www.financialexpress.com/market/share-market-live-updates-sensex-nifty-rupee-vs-dollar-titan-maruti-suzuki-shares-july-8-2019-monday/1636159/ | Share market highlights: The Sensex and Nifty plunged on Monday, as Asian market sell-off, Budget announcements spooked the street. The Sensex ended 793 points down at 38,720.57, while the Nifty closed near the 11,550-mark. Bajaj Finance shares plunged more than 8.8% to hit the day’s low at Rs 3,392.04. Shares of India... | Sensex ended 793 points down at 38,720.57, while the Nifty closed near the 11,550-mark. Bajaj Finance shares plunged more than 8.8% to hit the day’s low at Rs 3,392.04. shares of india’s largest car-maker maruti Suzuki plunged more than 5.6% to Rs 6,007.70. yes Bank shares were among the biggest gainers, jumping 5% to ... | Negative |
https://www.moneycontrol.com/news/economy/policy/ease-equity-financing-by-empowering-minority-shareholders-5165271.html | Representative image
Harsh Maggon and Mahima Priyani
We are living in uncertain times. While the government doles out relief packages to save the economy, it must rethink certain regulatory frameworks to aid companies in fighting the unpredictable ill-effects of Black Swan 2020.
With diminishing cash flows and growt... | Listed companies are caught in a regulatory quagmire of'minority protective' rules. these rules threaten to derail any possible 'turnaround' equity capital. ironically, some of the minority protection rules have been operating against the interests of minority shareholders for a while now. a company in distress is seld... | Negative |
https://www.financialexpress.com/india-news/china-coronavirus-vijay-rupani-seeks-s-jaishankar-help-for-gujarat-students-in-china/1836785/ | Gujarat Chief Minister Vijay Rupani on Monday urged External Affairs Minister S Jaishankar to intervene after parents of students studying in Wuhan, the Chinese city in the grip of novel coronavirus, sought help from the BJP government here for their safe return. In a release issued here, the Gujarat government said as... | parents of students studying in Wuhan seek help from the BJP government. as many as 100 students from the state are stuck in china. coronavirus (officially described as 2019-nCoV) cases first reported from Wuhan. death toll due to virus rose to 56 on sunday. cases reached 1,975 and 324 of them were critical. | Negative |
https://www.financialexpress.com/industry/accs-consolidated-net-profit-for-march-quarter-declines-6-6/1935873/ | The impact of the coronavirus pandemic was visible in ACC’s financial performance in the March quarter. The company’s consolidated net profit for the quarter ended March 31, 2020 declined 6.6% on a year-on-year basis to Rs 323 crore, while the net sales for the period fell nearly 11% y-o-y to Rs 3,433 crore on the back... | ACC's net profit for the quarter ended March 31, 2020 declined 6.6% on a year-on-year basis to Rs 323 crore. net sales for the period fell nearly 11% y-o-y to Rs 3,433 crore on the back of a steep fall in volumes. the company's cement volumes during the three months of January to March came in at 6.56 million tonne, a ... | Negative |
https://www.financialexpress.com/opinion/p-chidambaram-opinion-fighting-covid-19-and-beyond/1905695/ | When you read this on Sunday, it will be clear if India is ahead or behind the curve in the battle against coronavirus (COVID-19). The government has been busy with video conferences; repatriating Indians from affected countries; and issuing advisories on hand washing, covering one’s nose and mouth, and wearing masks. ... | the number of people testing positive for coronavirus (COVID-19) is rising at an alarming rate. i am duty bound to support the PM and I shall do so. i am afraid that the virus is not like Clement Attlee imbued with high moral values. the beginning of the decline of the growth rate of GDP pre-dates COVID-19. | Negative |
https://www.financialexpress.com/entertainment/taapsee-pannu-huma-qureshi-and-other-stars-complain-of-insane-rise-in-electricity-bill/2007712/ | Actor Taapsee Pannu, Huma Qureshi and director Bijoy Nambiar are among several people from Bollywood to express concerns over the unexpected rise in their electricity bills during the lockdown.
Taking to Twitter, Taapsee shared screenshots of her electricity bill from April to June and tagged power supplier Adani Elec... | adani electricity has confirmed the meter reading of the actor is correct. actor Taapsee pannu shared screenshots of her electricity bills for three months. the 32-year-old actor said she received a bill of Rs 8,640 for an apartment which isn't in use. he said he is now worried if someone is actually using the apartmen... | Negative |
https://www.moneycontrol.com/news/business/stocks/hunting-for-value-these-10-expert-picks-are-a-buy-after-recent-fall-3071661.html | live bse live
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Just when we thought that things have started to stabalise, bears reinforced their dominance on D-Street, last week. The S&P BSE Sensex and Nifty50 were down by over 1 percent for the week ended October 19.
But, from the highs, benchmark indices have suffered a double-... | bears reinforced dominance on D-Street last week. benchmark indices have suffered a double-digit cut. the S&P Sensex is down a little over 10 percent from its record high of 38,989. experts say investors should use dips to get into high-quality stocks. experts say investors should wait for some more corrections to buil... | Negative |
https://www.moneycontrol.com/news/business/markets/technical-view-nifty-closes-below-9000-to-form-bearish-candle-8900-crucial-support-5140031.html | The Nifty50 after opening lower remained highly volatile with a negative bias throughout the session and closed a tad below the psychological 9,000 mark. Weak global cues and announcement of an extended lockdown in some states till the end of April dented trader sentiment.
The index fell after nearly 13 percent rally ... | the index closed a tad below the psychological 9,000 mark. the market will remain closed on April 14 for Dr Baba Saheb Ambedkar Jayanti. the bank nifty also formed a small bodied bearish candle on daily charts. the index closed at 8,993.85, down 118.05 points or 1.30 percent. | Negative |
https://economictimes.indiatimes.com/news/international/world-news/us-senator-unveils-18-point-plan-to-hold-china-accountable-for-coronavirus-outbreak/articleshow/75750561.cms | WASHINGTON: A top US senator has unveiled an 18-point plan, including enhancing military ties with India, to hold the Chinese government accountable for its "lies, deception, and cover-ups" that ultimately led to the global coronavirus pandemic.The prominent suggestions are moving manufacturing chain from China and dee... | u.s. senator proposes enhancing military-strategic ties with india, Vietnam and Taiwan. plan seeks to hold the Chinese government accountable for lying about COVID-19. it also calls for deepening military ties with regional allies and expanding equipment sales. the plan seeks restitution from the Chinese government and... | Negative |
https://www.businesstoday.in/current/world/coronavirus-effect-white-house-report-tears-into-china-for-malicious-activities/story/404483.html | Beyond its hard-hitting rhetoric against China over its handling of the coronavirus, the White House on Wednesday issued a broad-scale attack on Beijing's predatory economic policies, military buildup, disinformation campaigns and human rights violations.
The 20-page report does not signal a shift in US policy, accord... | the white house releases a 20-page report on china's economic policies. the report does not signal a shift in US policy, a senior administration official says. it expands on Trump's get-tough rhetoric about the current pandemic. the report also attacks the government's military buildup and human rights violations. a u.... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/cvs-pvs-tractors-or-2-wheelers-surprise-auto-rally-baffles-investors/articleshow/76192994.cms |
New Delhi: Auto stocks that were staring at a dismal future with little investor interest till early April, but they have suddenly come alive on Dalal Street.As the economy opens up amid a phase-wise relaxation under Unlock 1.0, auto companies have resumed operations at their plants, but production and sales remain te... | auto stocks that were staring at a dismal future with little investor interest till early April. but they have suddenly come alive on Dalal Street. after zero sales in April, may sales were just a fraction of the monthly sales. a sluggish economy and job losses could still keep auto stocks down. a sluggish economy coul... | Negative |
https://www.financialexpress.com/industry/venezuelas-state-run-pdvsa-ships-35-mln-oil-cargo-to-pay-dividends-to-ongc-report/1368627/ | Venezuela’s state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for overdue dividends from a joint venture, according to two people familiar with the matter.
The payment is based on an agreement signed in 2016 by PDVSA and ONGC Videsh, the overseas i... | Venezuela's state-run PDVSA shipped a crude cargo valued at $35 million. payment is based on an agreement signed in 2016 by ONGC Videsh. but the company had not transferred any money to ONGC Videsh in over a year. 500,000 barrels of Venezuelan crude left Venezuela's main oil port of Jose earlier in October. | Negative |
https://www.financialexpress.com/opinion/covid-19-may-double-poverty-in-india/1943736/ | In the second week of April 2020, UN’s International Labour Organization (ILO) claimed that about 400 million workers from India’s informal sector are likely to be pushed deeper into poverty due to Covid-19. There is no dispute that poverty in the country will worsen, but the question is, by how much? We try to answer ... | in 2011-12, india had about 270 million poor people, or about 21.9% of the population. if income shock of 25% is introduced, poverty will increase by about 5%. if income shock of 25% is introduced, poverty will increase by about 5%. if income shock of 25% is introduced, poverty will increase by about 5%. if income shoc... | Negative |
https://economictimes.indiatimes.com/mf/mf-news/brokers-body-seeks-sebi-finmin-intervention-as-franklin-closes-6-mf-schemes/articleshow/75352740.cms | Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance's intervention to protect investor interest.FTMF stunned all by deciding to shutter operations of ... | FTMF shutters six debt schemes with assets under management of more than Rs 25,000 crore. fund house says regulator Sebi was informed in advance about the decision. ANMI seeks government intervention to protect investor interest. FTMF says investors' confidence is at risk. a committee of mutual fund executives will be ... | Negative |
https://www.financialexpress.com/economy/world-bank-sees-cornavirus-outbreak-taking-a-big-toll-on-asias-economy/1914372/ | The World Bank is estimating that the cornavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pacific countries, throwing millions into poverty. Under a worse-case scenario, the region could suffer its sharpest downturn since a devastating currency crisis more than t... | the world bank is estimating that the cornavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pacific countries. the region's economy would contract 0.5 per cent under a worse-case scenario. that would represent the weakest performance for the region since the 1997-9... | Negative |
https://www.livemint.com/news/india/trade-bump-boosts-indian-economy-temporarily-1556529221811.html | For the second month in a row, positive developments on the external sector front led improvement in India’s overall economic performance, with the Mint Macro Tracker looking a shade greener in March.
The tracker, launched last October, provides a monthly state-of-the-economy report based on trends across 16 high-freq... | the rupee gained strength against the greenback and recorded a higher-than-average appreciation rate in March. already, the rupee has started losing strength against the US dollar. domestic air passenger traffic also grew below average in march. domestic air passenger traffic also grew below average from a year ago. do... | Negative |
https://www.moneycontrol.com/news/business/oil-firm-as-opec-russia-resist-calls-to-raise-output-as-iran-sanctions-loom-2982961.html | Saudi Arabia, the second largest producer of crude oil to world, faced an attack on its oil infrastructure facilities on September 14, which caused a sharp increase in fuel prices. Do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Note: Al... | oil prices are rising in the wake of looming sanctions against Iran. the united states will target Iran's oil exports with sanctions. OPEC and Russia have so far rebuffed such calls. the u.s. is putting pressure on governments and companies to cut purchases. a spokesman for OPEC says it is "very concerned" about the pr... | Negative |
https://www.moneycontrol.com/news/business/markets/market-in-bear-grip-since-2018-time-to-buy-is-when-nifty-falls-to-10100-9850-levels-5018581.html | Mazhar Mohammad
Global financial markets that looked invincible till March 9 are suddenly in the grip of fear as COVID–19 succeeded in creating pandemic across the world.
The global equity asset class - which was moving higher and higher under the leadership of Dow Jones by climbing all the walls of worries - develop... | global equity asset class developed some sort of bubble with Dow entering into its 11th year with 357 percent appreciation from 2009 lows of 6,470 levels. emerging markets like india simply imitated rally without any fundamental justifications, thereby creating frothy valuations in equity asset class. global indices ar... | Negative |
https://www.financialexpress.com/economy/new-worry-for-modi-government-merchandise-exports-from-job-intensive-sectors-contract-in-q1/1285788/ | Merchandise exports may have risen 14.5% in the first quarter of this fiscal, against 8.5% a year earlier, but the headline numbers mask a disturbing fact: Supplies from labour-intensive sectors dropped 1.6% between April and June to $31.4 billion. In fact, in the two years through FY18, growth in exports from employme... | supplies from labour-intensive sectors dropped 1.6% between April and June. the fall presents a new worry for policy-makers grappling with options to contain trade war. weak rupee is expected to offer some cushion, but depreciation of rupee will help. a further depreciation of rupee will help only if currencies of comp... | Negative |
https://www.financialexpress.com/opinion/3-the-rupee-conundrum-exports-may-go-up-but-oil-imports-set-to-surge-inflation-deficit-could-worsen/1364749/ | The rupee weakened to a record low of 74.72 against the dollar on October 10, 2018 and has been hovering around that rate ever since. Over the past few months, it has shown itself to be among Asia’s more volatile currencies. Despite this, RBI has maintained the staunch policy stance of not intervening to prop up the cu... | rupee weakened to a record low of 74.72 against the dollar on October 10, 2018. rupee has continued on downward trend in mostly unrestricted manner. rupee is commonly held to be overvalued due in part to high volume of capital flows to India in response to accommodative monetary policy in advanced economies. india's gr... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/market-movers-sensex-loses-half-of-april-gains-breweries-come-to-party-77-stocks-flash-sell/articleshow/75539625.cms |
NEW DELHI: The blame game between US and China over the origin of coronavirus eroded Rs 5.8 lakh crore worth of investor wealth on Monday.Investors dumped banks and financials, while alcohol stocks caught attention as local wine shops opened across India. Broader market indices were also hit badly, snapping a four-da... | broader market indices outperform their headline peers. Sensex loses nearly half of its gains in the first session of may. alcohol stocks are also a major gainer. a rally in auto stocks fizzles out after companies report zero sales. a soaring interest rate on a chinese airline sparked a panic. | Negative |
https://www.moneycontrol.com/news/world/federal-reserve-holds-rate-may-go-for-cuts-later-this-year-4117291.html | The US Federal Reserve held interest rates steady on June 19 but signalled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
The US central bank said it "will act as appropriate to sustain" the e... | the central bank says it will act as appropriate to sustain economic expansion. inflation is down from the 1.8 percent projected in march. only one policymaker continues to see a rate hike as likely in 2019. the drop in inflation is a blow for a central bank hoping to reach its target. a spokesman for the fed says the ... | Negative |
https://economictimes.indiatimes.com/markets/expert-view/not-enough-ammunition-in-the-market-sameer-narayan/articleshow/74925561.cms | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Executive Officer Programme Visit IIM Lucknow IIML Chief Operations Officer Programme Visit IIM Lucknow IIML Chief Marketing Officer Programme Visit
The prices were absolutely unimaginable a month or two b... | a range of CXO courses are available to students at a range of institutions. the prices have numbed up quite a lot of investors. the problem is that asset quality is worsening at the margin. the fbi is a major player in the NBFC space. the fbi is a major player in the NBFC space. | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/sgx-nifty-down-45-points-heres-what-changed-for-market-while-you-were-sleeping/articleshow/76455922.cms |
Q4 Earnings: OIL I PNB I Novartis I Ramco Systems I Zuari I LIC Housing
Japan May Inflation Print (05.00 am)
BoJ Money Policy Meeting Minutes (05.20 am)
RBI Forex Reserve as of June 12 (05.00 pm)
India Bank Loan/Deposit Growth (05.00 pm)
India Q1 Current Account Deficit (05.30 pm)
Fed Chair Powell Speech (10.30 ... | nifty50 closed near day's high after trading 44.95 points lower at 10,029.80. japan's Nikkei 225 index was up 0.68 percent, or 152.52 points, at 22,507.98. hongkong's Hang Seng eased 0.37 per cent, or 91.58 points, to 24,373.36. | Negative |
https://www.businesstoday.in/sectors/banks/coronavirus-impact-kotak-mahindra-bank-to-cut-10-percent-salary-of-employees-earning-over-rs-25-lakh-per-annum/story/403124.html | Kotak Mahindra Bank has announced that it will cut 10 per cent of CTC for employees earning above Rs 25 lakh per annum. The bank said in an internal mail that the cut will be effective from May and that employees earning less than Rs 25 lakh per annum will not be impacted.
"We have decided on a 10 per cent reduction i... | the bank says it will cut 10 per cent of CTC for employees earning above Rs 25 lakh per annum. employees earning less than Rs 25 lakh per annum will not be impacted. the bank said that coronavirus is wreaking havoc on the economy, in turn impacting financial firms. it said that what seemed to be 2-3 months' phenomenon ... | Negative |
https://www.businesstoday.in/latest/trends/mind-your-own-business-say-netizens-as-pakistan-pm-imran-khan-offers-to-help-india-fight-coronavirus/story/406725.html | Pakistan Prime Minister Imran Khan faced the wrath of netizens after he offered to help India fight coronavirus. He said he was willing to share with India their "successful cash transfer programme" that has been widely appreciated in the international community. "I am ready to offer help and share our successful cash ... | pm said he was willing to share with India their "successful cash transfer programme". he said his government successfully transferred Rs 12,000 crore in nine weeks. he was flooded with a sea of responses, trolling him for his offer. a twitter user reminded him of the debts that Pakistan has taken from the imf. | Negative |
https://www.moneycontrol.com/news/business/economy/covid-19-pandemic-the-impact-of-the-virus-on-indias-gdp-5041121.html | Badri Narayanan Gopalakrishnan and Somya Mathur
The March 14 ICMR declaration, of India being in stage 2 of the coronavirus outbreak and a 30-day window to halt the beginning to community transmission, has led to an increase in economic anxiety all over the country. With the number of Covid-19 cases in India growing, ... | the number of cases of covid-19 in india has grown. the domestic benchmark indices were hit by over 8 percent low. the tremors of the pandemic-shaken economy have been felt across multiple sectors. a vaccine works by mimicking a natural infection. it also helps quickly build herd immunity to put an end to the pandemic. | Negative |
https://www.financialexpress.com/lifestyle/travel-tourism/vistaras-first-787-9-aircraft-operates-its-maiden-commercial-flight-on-delhi-kolkata-route/1973392/ | Vistara said its first 787-9 Dreamliner aircraft, which was delivered to it by Boeing in February this year, operated its maiden commercial flight from Delhi to Kolkata on Thursday morning.
While domestic passenger flights resumed across India from Monday, they restarted in Andhra Pradesh from Tuesday and in West Beng... | domestic passenger flights resumed across India from Monday. they restarted in Andhra Pradesh from Tuesday and in west Bengal from Thursday. airports at Kolkata and Bagdogra permitted to handle 20 daily flights each. all scheduled commercial passenger flights have been suspended in india. a lockdown was imposed on marc... | Negative |
https://www.businesstoday.in/current/economy-politics/covid19-driven-tax-reliefs-to-cost-govt-2-3-of-gdp/story/399253.html | Taxation experts have welcomed the measures announced by the government, saying these steps will add up to 2-3 per cent of GDP but will go a long way in addressing the issue of liquidity and deferment of payment obligations.
The government on Tuesday came out with a slew of relaxation in tax and payment compliances by... | tax experts welcome government's tax and payment compliance measures. measures include extension of tax filing/returns and interest rates have been reduced. many analysts have said the lockdowns will shave off as much as?9 lakh crore of the GDP. the government has also announced a slew of measures to help the public an... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/economic-emergency-in-country-due-to-rising-fuel-prices-inflation-sachin-pilot/articleshow/66031312.cms | JAIPUR: Rajasthan Congress chief Sachin Pilot Monday said people were suffering from an "economic emergency" due to rising fuel and LPG prices . He also claimed that the purchasing power of the people had been affected due to unprecedented inflation The government has failed to provide relief to the people from rising ... | BJP government is favouring capitalists and has failed to put a bridle on fugitives, says pilot. he demands that the government implement the 15th salary agreement related to cooperative banks. he also claims that the purchasing power of the people has been affected due to unprecedented inflation. BJP government is ins... | Negative |
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