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https://www.moneycontrol.com/news/business/stocks/d-street-buzz-bank-stocks-tumble-indusind-bank-sbi-icici-bank-rbl-bank-fall-3-5-5405481.html | The Indian stock market was down deep in the red amid rise in coronavirus cases and worries over a second wave of infections in China. Sensex is down 616.05 points or 1.82 percent at 33164.84, and the Nifty shed 172.10 points or 1.73 percent at 9800.80.
Among the sectors, banks were the worst hit with the banking inde... | Sensex is down 616.05 points or 1.82 percent at 33164.84, and the Nifty shed 172.10 points or 1.73 percent at 9800.80. Among the sectors, banks were the worst hit with the banking index down over 3 percent. Among the sectors, banks were the worst hit with the banking index down over 5 percent. | Negative |
https://www.financialexpress.com/economy/govt-sets-record-grains-production-target-for-crop-year-2020-21/1931027/ | The government has set a target to raise food grain production by an annual 2% for the 2020-21 crop year, starting July. It is confident of achieving the target after the India Meteorological Department (IMD) predicted a ‘normal’ monsoon.
Though the government is betting on a bumper harvest to increase the overall agr... | government is betting on bumper harvest to increase agriculture growth. but robust production in recent years did not translate into gains for farmers. agriculture commissioner SK Malhotra said the target for 2020-21 is set at a record 298.3 million tonne (MT) in 2019-20, production was 291.95 MT, against the target of... | Negative |
https://economictimes.indiatimes.com/news/international/business/covid-19-us-senators-introduce-legislation-in-congress-to-impose-sanctions-on-china/articleshow/75709096.cms | WASHINGTON: Nine influential US senators have introduced a legislation in Congress seeking to authorise President Donald Trump to impose sanctions on China if it fails to cooperate in providing a full accounting of the events leading up to the outbreak of the coronavirus.More than 250,000 people have died and over 4 mi... | more than 250,000 people have died and over 4 million have been infected due to the coronavirus pandemic globally. the us is the worst-hit country with more than 80,000 deaths and 1.4 million cases. the COVID-19 Accountability Act mandates the president to make a certification to congress within 60 days. it requires th... | Negative |
https://www.moneycontrol.com/news/business/personal-finance/is-gold-a-good-portfolio-hedge-in-volatile-markets-5075991.html | Gold is generally considered to be a good hedge against inflation. It is also considered to be a safe haven when equity markets go into a tailspin. The prices of the yellow metal rose for most of last year and even in recent months. But gold prices have been knocked back a bit, as equities continue to face the rout. Th... | gold is generally considered to be a good hedge against inflation. it is also considered to be a safe haven when equity markets go into a tailspin. but gold prices have been knocked back a bit as equities continue to face the rout. the need for cash when the stock markets went into tailspin was easy to sell what they w... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/jhunjhunwala-loses-biggest-shield-to-his-portfolio-as-planets-turn-unfavourable/articleshow/75820386.cms |
NEW DELHI: Big Bull Rakesh Jhunjhunwala 's portfolio is unique in the sense whenever a global crisis or uncertainty erupts, a shield automatically gets activated as uncertainty tends to push up gold prices which in turn end up the benefitting the ace investor’s biggest holding, Titan.For every 100 basis points rise i... | stocks of titan have fallen 30% since the start of the year. shares of the jewellery brand have fallen 30 per cent. many brokerages have cut their ratings for the stock to'sell'. 'planets' seem to have turned unfavourable for the stock. gold prices were enough to reduce jewellery demand. but the 'planets' are not favou... | Negative |
https://www.moneycontrol.com/news/business/markets/gold-fades-for-third-straight-week-on-economic-recovery-hopes-5362881.html | Gold eased ahead of a highly awaited U.S. jobs report on Friday as markets pinned hopes on an economic recovery, putting the safe-haven metal on track for a third consecutive weekly decline.
Spot gold was down 0.2% at $1,706.91 per ounce as of 0324 GMT. U.S. gold futures slid 0.7% to $1,714.50.
Bullion has declined a... | gold is down 0.2% ahead of a highly awaited jobs report on friday. gold futures are down 0.7%, with silver down 0.4%. gold is on track for a third consecutive weekly decline. the equities are poised for their biggest weekly rise in over eight years. a u.s. unemployment rate of 0.2 percent is expected to be released on ... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/covid-19-to-accentuate-growth-slowdown-impact-on-inflation-ambiguous-rbi/articleshow/75060578.cms |
Mumbai/New Delhi: The Reserve Bank of India RBI ) on Thursday said while the pandemic coronavirus would impact the economic activity directly and would accentuate the growth slowdown, its impact on inflation is ambiguous.“While efforts are being mounted on a war footing to arrest its spread, COVID-19 would impact econ... | RBI: COVID-19 would impact economic activity directly and would accentuate growth slowdown. inflation stayed above upper tolerance band of inflation target during December 2019-February 2020. RBI: demand conditions may weaken sharply as several major economies are in lockdown mode. 'the outlook for growth for FY21 was ... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/capitulation-over-well-heres-what-d-street-top-guns-advise-you-to-do-now/articleshow/74606891.cms |
With Friday’s intraday fall of more than 3,000 points, the 30-share index has lost 12,590 points since January 20. Likewise, the 50-share Nifty index has lost 3,806 points. Equity investors became poorer by Rs 46 lakh crore in 38 sessions on Dalal Street as market participants rushed to prune riskier bets amid coronav... | the 30-share index has lost 12,590 points since January 20. the 50-share Nifty index has lost 3,806 points. equity investors became poorer by Rs 46 lakh crore in 38 sessions on Dalal Street. unless uncertainty settles, investors should wait and watch and see how coronavirus evolves in india and around the world. a'sea-... | Negative |
https://economictimes.indiatimes.com/markets/forex/dollar-on-defensive-yen-swiss-franc-firm-on-saudi-brexit-tensions/articleshow/66231174.cms | LONDON: The dollar edged higher on Tuesday as firmer US Treasury yields encouraged investors to buy the greenback after a recent drop with investors growing more bullish about its short-term outlook, especially against emerging market currencies.While the dollar has struggled to extend gains against the euro and the st... | dollar gains against emerging market currencies. dollar has fallen 1.2% in last eight sessions to a three-week low. euro held near its lowest level in 1-1/2 years. yen weakened by 0.19 per cent. swiss franc weakened 0.17 per cent. u.s. yen weakened by 0.19 per cent. | Negative |
https://www.moneycontrol.com/news/business/uber-to-cut-3700-jobs-ceo-khosrowshahi-to-waive-base-salary-5232651.html | Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business.
The company said the layoffs included its customer support and r... | the company says it will cut about 3,700 full-time jobs and forgo his base salary. the layoffs include customer support and recruiting teams. the company expects to incur about $20 million in costs for severance and related charges. the pandemic is the first to affect more than a million people in the united states. a ... | Negative |
https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-wilful-defaulters-owe-more-than-rs-1-lakh-crore-to-banks/articleshow/63039394.cms | (This story originally appeared in on Feb 23, 2018)
NEW DELHI: As on September 30, 2017, more than Rs 1.1 lakh crore was owed to banks by people or companies characterised as “wilful defaulters”, that is those who are unwilling to pay despite having the capacity to do so. TOI analysed more than 9,000 such accounts for... | top 11 debtor groups owed over Rs 26,000 crore to banks. top 11 debtor groups owed more than Rs 1.1 lakh crore to banks. owe more than Rs 2,000 crore and are unwilling to pay despite having the means. a total of 9,000 such accounts were analysed by toi. the banks have filed lawsuits for recovery. | Negative |
https://www.financialexpress.com/opinion/industrial-conglomerates-owning-banks-is-a-bad-idea/2152868/ | By Abhiman Das & Ejaz Ghani
Reserve Bank of India (RBI) is exploring the possibility of allowing large industrial conglomerates to own banks. This will tantamount to RBI influencing credit allocation, and a central bank should shy away from this.
Policymakers are concerned about the slow pace of growth in credit volu... | RBI is exploring the possibility of allowing large industrial conglomerates to own banks. this will tantamount to RBI influencing credit allocation. the slow pace of credit growth is due to connected lending. this has resulted in large and less efficient firms to access more capital. allowing large corporations to own ... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/sun-pharma-labs-senior-exec-wife-settle-insider-trading-case-with-sebi/articleshow/68842504.cms | ET Bureau
The independent directors of Religare Enterprises Ltd (REL) have written to regulators such as RBI, Sebi and the insurance watchdog, levelling allegations of fraud and other breaches against the Burman family, which had made an open offer in September to acquire control of the company.
India has edged out M... | independent directors of Religare Enterprises Ltd (REL) have written to regulators such as RBI, Sebi and the insurance watchdog, levelling allegations of fraud and other breaches. india has edged out Mainland China to become the most represented country in the QS World University Rankings: Asia 2024 for the first time ... | Negative |
https://www.moneycontrol.com/news/business/commodities/gold-sentiment-likely-to-remain-positive-until-virus-outbreak-is-controlled-5476741.html | Ravindra Rao
After weeks of consolidation in the $1,680-1,750 range, gold finally got some momentum last week and tested the highest level since 2011. It, however, failed to test the key $1,800 per ounce level and we saw a follow through correction.
Gold rallied sharply on safe-haven buying as market players got worr... | gold finally tested the highest level since 2011 but failed to test the key $1,800 per ounce level. gold rallied in early march as virus spread quickly out of china to other countries. virus cases have been on a rise but fresh surge in infections in places like china, south Korea, Japan and the us. if cases continue to... | Negative |
https://www.moneycontrol.com/news/business/all-work-no-pay-cable-industrys-tough-fight-to-keep-head-above-water-5328201.html | Representative image
For more than 60 days, India’s cable TV industry has been doing some serious heavy-lifting. But excessive workouts without replenishment can have serious consequences for one’s fitness. Ditto for an industry that services 83 million connections even as collections fall more than 80 percent in the ... | collection of new set-top boxes has fallen 75 percent in the wake of the pandemic. 63 percent of cable operators surveyed claimed to have either maintained or increased their performance during the lockdown. a vaccine works by mimicking a natural infection. a vaccine not only induces immune response to protect people f... | Negative |
https://economictimes.indiatimes.com/news/economy/policy/central-banks-have-to-move-from-qe-to-re-to-ce-as-impact-fades-says-jpmorgan-exec/articleshow/78617167.cms | The impact of Covid-19 on economies has been varied, although it has almost affected every one. JPMorgan’s head of emerging economies’ research Jahangir Aziz tells ET’s MC Govardhana Rangan and Gayatri Nayak how the economies would react to government and central bank actions. Edited excerpts:Almost every economy is un... | covid-19 has almost affected every economy. research by jahangir aziz tells how economies would react to government and central bank actions. only in the us, only some of us are affected by the virus. aziz: 'covid is a virus that has a very strong impact on the economy'. he says the virus has 'no effect' on the rest of... | Negative |
https://www.financialexpress.com/industry/banking-finance/repayment-moratorium-to-postpone-asset-quality-stress-recognition-by-1-2-quarters-icra/1917463/ | Rating agency Icra on Thursday said that the three-month moratorium on repayments provided by the Reserve Bank of India (RBI) would postpone recognition of asset quality stress by 1-2 quarters. The agency said lenders with higher share of asset classes such as microfinance, commercial vehicles and MSMEs will be more vu... | Icra says the three-month moratorium on repayments by the RBI will postpone recognition of asset quality stress by 1-2 quarters. the rating agency expects the GDP growth to slow down to 2% during FY21. banks are expected to cut their one-year deposit rates by about 50-70 basis points (bps) during FY21. some private ban... | Negative |
https://www.moneycontrol.com/news/business/personal-finance/covid-impact-banks-in-no-hurry-to-open-their-vaults-to-home-loan-seekers-5437551.html | Falling real estate prices may offer some hope to those wanting to buy a house, but things may not be that easy.
Banks may turn cautious while disbursing home loans. Experts in the banking industry confirmed to Moneycontrol that loan disbursements can get stringent. This tightening can impact home and top-up loans. Tw... | banks may turn cautious while disbursing home loans. approval rates for home loans declined by 16% between 2008 and 2009. spreads on repo-linked loans may increase. move comes at a time when lending rates in the market have been heading south. borrowers may be forced to pay more for their home. a repeat is possible in ... | 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://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.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.livemint.com/Money/qAtA6y7zGmnUm65t1e04eJ/HUL-Q2-Rising-input-costs-face-off-against-healthy-demand-g.html | Indian consumers have been vocal critics of rising fuel prices. The government had to finally relent and lower excise duties , and even asked state-run petroleum firms to cut prices. Viewed in this backdrop, Hindustan Unilever Ltd’s (HUL’s) cautious approach to price hikes makes sense. A sharp increase in consumer prod... | a sharp increase in consumer product prices in the run-up to elections next year may attract unwanted attention. volume sales grew by 10% over a year ago but value sales rose by 12%. while HUL sales rose by 11.5%, its costs increased by 12.9% over a year ago. the company’s home care segment—that includes laundry and ho... | Negative |
https://www.financialexpress.com/industry/india-will-be-risking-economic-hara-kiri-if-lockdown-extended-for-much-longer-anand-mahindra/1955452/ | Leading industrialist Anand Mahindra on Monday said that if lockdown is extended for much longer duration then the country will be “risking economic hara-kiri”. The Mahindra Group chairman said that while the lockdown has been able to save lakhs of lives, its further extension could lead to severe difficulties for weak... | industrialist anand Mahindra said the lockdown has saved lakhs of lives. but if it is extended for much longer then the country will be "risking economic hara-kiri" he said that while the lockdown has been able to save lakhs of lives, its further extension could lead to severe difficulties for weaker sections of the so... | Negative |
https://www.moneycontrol.com/news/business/markets/market-headstart-nifty-likely-to-open-lower-3-stocks-that-could-return-9-11-3253781.html | The Nifty is likely to open lower on Wednesday, tracking the muted trend seen in other Asian markets. The index closed 14 points down at 10,869 on Tuesday.
Trends on SGX Nifty indicate that the index will open 0.46 percent or 50.50 points lower in India. Nifty futures were trading around 10,862 on the Singaporean exch... | the index closed 14 points down at 10,869 on the Singaporean exchange. trend indicates that the index will open 0.46 percent or 50.50 points lower in india. Asian stocks fell on Wednesday, tracking a fall on Wall Street. sharp declines in long-term US Treasury yields and resurgent trade concerns stoked investors' worri... | Negative |
https://www.financialexpress.com/brandwagon/coronavirus-impact-general-entertainment-channels-make-a-dash-for-ott-content/1962172/ | General entertainment channels (GECs) have had to rejig their programming strategy to keep audiences engaged during the lockdown, having run out of fresh content. Apart from reruns of old shows and longer edits of recent shows, broadcasters are now also tapping into the library of OTT platforms.
Zee TV replaced its to... | OTT originals have been dismal in the Hindi speaking markets in urban India. the 10-11 pm slot on star plus garnered 29.8 lakh impressions in January. the number of impressions for the 9-10 pm slot fell from 66 lakh to 8.37 lakh. OTT originals are now being aired on a limited number of channels. | Negative |
https://economictimes.indiatimes.com/news/economy/finance/crisil-cuts-fy21-growth-estimate-sharply-to-3-5-per-cent/articleshow/74834500.cms | The severe dent in the economic activity due to the coronavirus pandemic led rating agency Crisil to sharply cut its growth estimate for 2020-21 to 3.5 per cent, on Thursday. Earlier, the agency had predicted an economic growth of 5.2 per cent for the next financial year The agency welcomed the Rs 1.70-lakh crore packa... | the coronavirus pandemic has put india in a 21-day lockdown. the agency has cut its growth estimate for 2020-21 to 3.5%. the agency says the cost is not only limited to financial one like the 2008 crisis. it says the slump in growth will be concentrated in the first half of the next fiscal. the agency says the impact i... | Negative |
https://www.moneycontrol.com/news/business/earnings/ideas-for-profit-shares-of-this-monopoly-business-are-trading-at-near-6-year-lows-5076361.html | eye-on-india Ideas For Profit | Shares of this monopoly business are trading at near 6-year lows In today's video, Sakshi Batra delves deeper into a monopoly business that is trading at multi-year lows. | Sakshi Batra delves deeper into a monopoly business that is trading at multi-year lows. the video explains how the monopoly business is trading at near 6-year lows. the video also explains how the monopoly business is gaining ground. the monopoly business is trading at near 6-year lows. a monopoly business is trading a... | Negative |
https://www.moneycontrol.com/news/business/companies/how-prepared-is-sbi-to-counter-covid-19-impact-5365691.html | live bse live
nse live Volume Todays L/H More ×
Only about 23 percent of the term loans, by value, have availed the loan moratorium facility in State Bank of India (SBI), according to the numbers shared by the management on Friday while announcing the Q4 results.
This is a tad surprising. Going by this, SBI's morato... | only about 23 percent of term loans availed loan moratorium facility. bank's moratorium book is much less in size than its peers. agri and sme portfolios have contributed most to the NPAs. agri NPAs remain tricky and form a big chunk. agri NPAs remain tricky and form a big chunk. | Negative |
https://www.moneycontrol.com/news/business/markets/market-live-sensex-down-over-150-points-nifty-around-10550-midcaps-crack-2582657.html | ITI has bagged one of the two packages of BharatNet Phase II Tender of Gujarat issued by Gujarat Fiber Grid Network.
The company has won Package A of the tender with a bid value of Rs 1612 crore. The work includes supply of optical fiber, HDPE duct, trenching and laying of fiber, extending broadband from state headqua... | ITI has won package A of the BharatNet Phase II Tender. the work includes supply of optical fiber, HDPE duct, trenching and laying of fiber. package B also includes setting up of a network management system at Ahmedabad to manage both Package A and Package B network elements. at 14:28 hrs ITI was quoting at Rs 75.00, d... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/nse-bse-bulk-deals-goldman-sachs-kuwait-invt-authority-lap-up-route-mobile/articleshow/78240833.cms | Mumbai: Route Mobile dominated the bulk deals on Monday as investors such as Goldman Sachs and Kuwait Investment Authority stocked up shares of the company at its debut.The Vanguard Group continued with its buying spree of Indian stocks, and shopped for Tata Motors DVR and Deepak Nitrite.There was bloodbath in the mark... | goldman satan and goldman satan invested in the company. the company rose as much as Rs 735 on its debut. the company closed at Rs 651.10. the benchmark Sensex dropped 2.1 per cent to close at 38,034. the nifty shed 2.2 per cent to close at 11,251. | 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://www.financialexpress.com/economy/rbi-finance-ministry-must-step-in-to-curb-rupee-depreciation-says-assocham/1226927/ | The Reserve Bank of India and the finance ministry should work together to ensure that the rupee does not depreciate further from the current levels, Assocham said today. The rupee recovered from its record low by rising 18 paise to 68.61 against the US dollar in early trade on Friday due to fresh selling of the Americ... | rupee rose 18 paise to 68.61 against the US dollar in early trade on friday. rupee recovered from record low due to fresh selling of the american currency. further depreciation in the value of the rupee coupled with rising crude oil prices could subject India to "imported inflation" RBI and finance ministry should step... | Negative |
https://www.moneycontrol.com/news/business/hugo-boss-expects-50-sales-drop-next-quarter-as-crisis-impact-worsens-5225351.html | Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17 percent, which knocked its shares.
Although Hugo Boss has begun reopening stores in Germany and Austria in recent weeks, its chi... | first quarter sales fell by 17 percent, knocking shares down. company expects second quarter sales to fall by at least 50 percent. online sales jumped 39 percent in the first quarter to account for 11 percent of total sales. company says it has no plans to seek state aid. a spokesman for the company says it is investig... | Negative |
https://www.moneycontrol.com/news/business/economy/macromoneycontrol-new-npa-rules-make-banks-more-accountable-2519167.html | The Reserve Bank of India recently overhauled the rules on bank loan defaults; scrapping outdated loan-restructuring mechanisms to push big defaulters to insolvency processes. The aim was to simplify the framework for resolution of stressed assets and help banks reduce the bad loans on their books.
Moneycontrol decode... | RBI overhauled rules on bank loan defaults. aim was to simplify framework for resolution of stressed assets. banks will have to refer large accounts to insolvency courts. total bad loans or gross non-performing assets (NPAs) in banking system are estimated at over Rs 8.5 lakh crore. RBI has asked banks to submit data o... | Negative |
https://www.businesstoday.in/latest/biz-eod/biz-eod-singh-brothers-and-bhasmasur-telecom-jobs-at-risk-steel-production-retracts/story/387373.html | Singh brothers accuse each other of large-scale fraud and corruption. The Indian telecom sector is staring at 40,000 job cuts. India's steel production growth rate slowed down to a 5-month low of 1.6 per cent in September this year due to the slump in key sectors like automobiles, consumer durables and a decline in spe... | india's steel production growth rate slowed down to a 5-month low of 1.6% in September. dispute is going to disrupt the finances of telcos like airtel and Vodafone Idea. slackened pace of growth comes on the back of a sharp decline in growth in consumption of steel. 'yes, there is economic slowdown, but it's temporary,... | Negative |
https://www.businesstoday.in/markets/global-markets/asian-indices-set-to-track-wall-street-fall-as-second-wave-of-virus-derails-economic-recovery-hopes/story/407965.html | Asian markets were set to follow a tumble in Wall Street stocks and oil prices on Thursday after surging U.S. coronavirus cases and the International Monetary Fund's downgrade to global economic projections shook confidence in a recovery.
"At the moment futures are looking at some pretty steep losses," said James Tao,... | oil prices tumble as much as 5%, or more than $2 a barrel, on the news. three states report record increases in new cases - florida, Oklahoma and south Carolina. the international monetary fund downgraded to global economic projections. a chinese government spokesman says the u.s. is "very concerned" | Negative |
https://www.businesstoday.in/current/economy-politics/farm-bills-undermine-food-security-msp-public-procurement-pds-chidambaram/story/416532.html | Former finance minister and senior Congress leader P Chidambaram has said the agricultural reforms bills, passed in the Lok Sabha this week, undermine the three pillars of the country's food security system - MSP (minimum support price), public procurement and PDS (public distribution system).
Chidambaram, who was the... | former finance minister says the BJP exploited the economy afflicted by shortages of goods and services. he accuses the BJP of distorting its 2019 Lok Sabha polls manifesto. the bills undermine the only regulated market available to the farmers, he says. he says the bills assume perversely that farmer and private purch... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/market-movers-indusind-on-a-roll-telcos-tank-sell-signal-in-70-stocks/articleshow/76321435.cms |
NEW DELHI: A market-wide selloff, triggered by profit booking and weak global cues, took domestic benchmark indices sharply lower on Thursday. Lack of relief for telcos in the Supreme Court also dampened the mood.Stock markets around the world retreated, as fears of a second wave of coronavirus infections and a gloomy... | domestic benchmark indices sharply lower on tuesday. a market-wide selloff triggered by profit booking and weak global cues. telcos in the supreme court also dampened the mood. despite an overall market slump, over 350 stocks are trading in red. despite a gloomy economic outlook, a gloomy outlook is expected. | Negative |
https://www.businesstoday.in/markets/market-perspective/sensex-nifty-shed-early-gains-it-stocks-slip-heres-what-led-to-last-hour-fall/story/405001.html | The benchmark market indices - Sensex and Nifty - gave up early gains by the afternoon session and ended Tuesday's trade lower amid increased volatility in the last hour. Extending decline for the second straight session, Sensex closed 63 points lower at 30,609, while the broader Nifty50 index ended 10 points down at 9... | Sensex and Nifty gave up early gains by the afternoon session. equity benchmarks closed lower despite strong global cues. weakness in SGX Nifty and selling pressure in IT and media stocks. metals, FMCG and consumer durables capped by downside pressure. 'no sign of slowing down' as chinese government eases sanctions. | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/india-suspends-release-of-headline-retail-inflation-data-for-lockdown-period/articleshow/76342074.cms | NEW DELHI:The government withheld the headline retail inflation figures for May, as it did for the prior month as well due to the lack of data owing to lockdown restrictions.However, retail food inflation saw a year-on-year rise to 9.28%, data released by the ministry of statistics and programme implementation (MOSPI) ... | food inflation rose to 9.28% in may, according to data released by the ministry of statistics and programme implementation (MOSPI) food inflation was at 9.69% in rural areas, while food inflation stood at 8.76% in march. data was not available for certain groups and sub-groups in the basket of items of the consumer pri... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-lockdown-gst-collections-may-see-a-sharp-drop-in-march-and-april/story/398580.html | Virtual lockdown and closure of offices across states will have impact on GST collections in March and April even as taxpayers demand extension of date of filing of returns from March 20 to some other date.
Businesses across the board would operate at minimal level. Primarily, sectors such as travel, hotel and food wi... | lockdown and closure of offices across states will have impact on GST collections in March and April. industries such as travel, hotel and food will see a sharp fall in the business. trade, hotels, transport, communication and broadcasting were likely to generate Rs 33 lakh crore worth of value of services. the governm... | Negative |
https://www.moneycontrol.com/news/business/markets/expect-a-deep-covid-19-scar-on-june-quarter-gdp-prints-will-it-derail-niftys-rally-5763601.html | India’s April-June quarter GDP data, which will be released on August 31, is likely to show signs of deep stress and a broad-based decline, thanks to the unprecedented disruption caused by the COVID-19 pandemic.
The highest impact will be for segments like manufacturing, construction, hotels and transportation due to ... | india's April-June quarter GDP data is likely to show signs of deep stress. highest impact will be for manufacturing, construction, hotels and transportation. market is not expecting any positive surprise from the GDP numbers. but a better-than-expected GDP number will boost sentiment. a better-than-expected GDP number... | Negative |
https://www.businesstoday.in/latest/biz-eod/biz-eod-jio-race-for-5g-gdp-to-shrink-8pc-in-fy21-will-ajay-piramal-be-fourth-time-lucky/story/425266.html | It's believed that Wednesday's spectrum auctions are not for 5G, unless Reliance Jio decides to buy 700 MHz spectrum to launch 5G services next year. India's economy would shrink 7.8 per cent in the current financial year and just 1 per cent in third quarter of FY21, ICRA in its latest report said. Billionaire Ajay Pir... | india's economy would shrink 7.8% in the current financial year and just 1% in third quarter of FY21, says ICRA. billionaire Ajay Piramal is once again at a striking distance to clinch a deal in the financial services industry. 'you cannot instigate violence and cannot block a city like this,' says cjibde. | Negative |
https://www.financialexpress.com/market/commodities/oil-prices-fall-on-rising-output-escalating-china-us-trade-spat-brent-crude-stays-below-75-bbl/1211479/ | Oil prices fell on Tuesday on expectations that producer cartel OPEC and key ally Russia will gradually increase output after withholding supplies since 2017. The escalating trade dispute between the United States and China, in which both sides have threatened stiff tariffs on each others’ key export goods, also kept m... | OPEC and key ally Russia will gradually increase output after withholding supplies since 2017. escalating trade dispute between the united states and china also kept markets on edge. if implemented, china may react to tariffs by putting a 25 percent duty on U.S. crude oil imports. if implemented, china may put a 25 per... | Negative |
https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/lupin-cfo-quits-to-pursue-opportunities-outside-pharma/articleshow/66831991.cms | MUMBAI: Ramesh Swaminathan , Chief Financial Officer of Lupin Pharma, has quit the company to pursue opportunities outside of pharmaceutical industry , the company said in a statement to the exchanges. Swaminathan was part of Lupin for the last 12 years where he was also a whole time director.Lupin, one of India's lead... | Swaminathan was part of Lupin for the last 12 years where he was also a whole time director. Lupin has been on a turbulent times in recent years as it battled regulatory challenges from the US Food and Drug Administration. he was part of some of company's biggest mergers and acquisitions in the us and Japan. the compan... | Negative |
https://www.livemint.com/Money/82PajmuLHQTNrCsxYO6DLK/Indian-markets-closed-on-Tuesday-for-Christmas.html | Mumbai: Indian financial markets are closed on Tuesday for the Christmas holiday. Trading will resume on Wednesday.
The broader Nifty closed 0.84 percent lower at 10,663.50 on Monday, while the benchmark Sensex ended down 0.76 percent at 35,470.15. Both indexes posted their worst closing levels since Dec. 11.
The par... | the broader nifty closed 0.84 percent lower at 10,663.50 on Monday. the benchmark Sensex ended down 0.76 percent at 35,470.15. both indexes posted their worst closing levels since dec. 11. the partially convertible rupee closed unchanged at 70.14 per dollar. the benchmark 10-year bond yield ended at 8.29 percent, compa... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-12-things-that-will-decide-stock-action-on-friday/articleshow/75328204.cms |
NEW DELHI: Hopes of a new stimulus package and a rally in banks and IT stocks helped the domestic equity market rise for the second consecutive session on Thursday.Investors took cues from firm Asian trading. Also, there was hope of a stimulus package by the government. Sensex ended the session 483 points hight at 31,... | Sensex ended the session 483 points hight at 31,863, while Nifty gained 126 points to 9,313. investors are expected to remain cautious until there are signs of improvement in the Covid-19 situation. underlying sentiment remained bleak, with no fiscal stimulus. FTSE100 edged 0.80% higher by mid-afternoon. | Negative |
https://economictimes.indiatimes.com/markets/stocks/recos/buy-kec-international-target-rs-357-iifl/articleshow/68808870.cms | Young minds are often up-to-date with the latest trends and technologies, possess a strong understanding of digital tools, and can contribute effectively towards digital transformation initiatives,” said Dilip Pattanayak, chief human resources officer at JSW Group.
Manipal Education and Medical Group chairman Ranjan P... | india’s industrial growth dropped more than expected in September to 5.8% from a 14-month high of 10.3% in the preceding month. Excess rainfall in September also disrupted output, impacting growth. download the economic times news app to get daily market updates & live business news. Sensex today live - a'short-term' t... | Negative |
https://economictimes.indiatimes.com/markets/commodities/news/gold-gains-as-rising-us-china-tensions-dent-risk-sentiment/articleshow/75526029.cms | Gold prices climbed on Monday as risk sentiment was weakened by rising U.S.-China tensions over the coronavirus, while a firmer dollar capped gains.Spot gold rose 0.7% to $1,696.88 per ounce by 0109 GMT. U.S. gold futures were up 0.1% at $1,703.20 per ounce.The dollar rose, oil fell and stock markets were poised to sli... | gold prices climbed on monday as risk sentiment was weakened by rising tensions. the dollar rose, oil fell and stock markets were poised to slip. the dollar rose, oil fell and gold futures were up 0.1% at $1,703.20 per ounce. the dollar rose, oil fell and gold fell as investors sat back and watched the dollar fall. | Negative |
https://www.livemint.com/Politics/2vakX1bCLbDpFwkF5AQECK/From-airport-closure-to-IPOs-how-partial-shutdown-is-upsett.html | Washington: Delta Air Lines can’t get eight new aircraft in the air. Roughly a million government employees and contractors aren’t being paid. Some Americans who are trying to start small businesses face delays in obtaining the required tax identification number from the IRS.
As the partial government shutdown moves t... | the partial government shutdown is moving through its fourth week. economists foresee real damage if the shutdown drags into February or beyond. delta says shutdown is costing it $25 million a month in government travel. senate republicans have voted to extend the shutdown to a year. democrats say the shutdown is a sig... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/tamil-nadu-uttarakhand-emerging-as-hotspots-for-pangolin-trafficking-in-india-researchers-warn/articleshow/75060653.cms | NEW DELHI: As pangolins come under the scanner as potential intermediate hosts of the novel coronavirus transferred from bats to humans, Indian wildlife conservationists warn that the states of Tamil Nadu and Uttarakhand are emerging as the hotspots for the poaching of the endangered scaly anteater mammal.A recent stud... | conservationists warn that the states of Tamil Nadu and Uttarakhand are emerging as the hotspots for the poaching of pangolins. pangolins are a natural reservoir of coronaviruses similar to SARS-CoV-2. the scaly anteater mammal is the most-commonly trafficked mammal in the world. | Negative |
https://www.businesstoday.in/current/economy-politics/india-should-adopt-market-friendly-approach-to-survive-in-post-covid-world-alice-wells/story/404491.html | Underlining that India has not been able to crack trade deals, a senior US diplomat on Wednesday said it needs to bring economic reforms to grab the opportunity provided by the coronavirus crisis. Alice Wells, the outgoing Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, said the US wa... | a senior u.s. diplomat says India has not been able to crack trade deals. she says the country needs to bring economic reforms to grab the opportunity. wells says the u.s. wants to reduce tariff barriers to american products. she says the two countries are working on a trade deal for the past two years. a u.s. official... | Negative |
https://www.moneycontrol.com/news/business/indias-msmes-hit-hard-by-covid-19-what-lies-ahead-for-small-entrepreneurs-5466211.html | India’s micro, small and medium enterprises (MSMEs) are struggling to survive an unprecedented crisis. Experts are still debating at the end of the coronavirus pandemic how many of these small companies will stay afloat or remain as standard accounts on the books of banks.
How bad is the situation in the MSME sector?
... | experts are still debating at the end of the coronavirus pandemic how many of these small companies will stay afloat or remain as standard accounts on the books of banks. the demand on the ground has slowed to a trickle. a good number of skilled workforce has moved back to their home states complicating the matter furt... | Negative |
https://www.moneycontrol.com/news/world/tokyo-december-core-consumer-prices-fall-at-fastest-pace-in-over-10-years-6269301.html | Rank 3 | Japan | 2020 brand value: $ billion | Fall in brand value: 6 percent (Image: Reuters)
Tokyo consumer prices fell the fastest in more than a decade, while Japan's jobs market and retail sales remained subdued, data showed on Friday, raising the risks of a return to deflation as the COVID-19 pandemic hammers de... | consumer prices fell the fastest in more than a decade in the three months to september. the core consumer price index fell 0.9% in December from a year earlier. the drop was the steepest downturn since September 2010, when prices slumped 1.0%. the pandemic remained a drag on consumer spending with a renewed spike in i... | Negative |
https://www.livemint.com/Opinion/8gSNEm0z9ff1cqKizCA3wN/Striking-a-fine-regulatory-balance-in-banking.html | The Punjab National Bank (PNB) scandal has stunned the nation. The sudden admission that the bank had detected fraudulent transactions worth a staggering amount—$1.7 billion or roughly a third of the bank’s market capitalization—sent tremors through the entire Indian financial system. As we now understand, the cause of... | the Punjab National Bank (PNB) scandal has stunned the nation. the sudden admission that the bank had detected fraudulent transactions sent tremors through the entire Indian financial system. the cause of this loss was PNB’s continual rolling-over of bank guarantees. the bank reportedly never entered these transactions... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/madras-high-court-issues-notices-to-franklin-templeton-mf-sebi/articleshow/76091456.cms |
New Delhi: Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement.The investors' group, ... | a petition has been filed by an investors group to safeguard nearly Rs 28,000 crore. the money is stuck in six schemes shut down by the fund house. the high court has issued notices to the fund house and sebi. the funds' management has said the recovery of money will be in the range of 5-81 per cent. the fund house has... | Negative |
https://www.moneycontrol.com/news/business/economy/data-is-deity-for-new-rbi-governor-as-inflation-projections-pca-action-questioned-3500101.html | Serial entrepreneur Andy Dunn once said, "Passion provides purpose, but data drives decisions." Reserve Bank of India (RBI) Governor Shaktikanta Das seems to strictly abide by these words. Be it inflation, prompt corrective action (PCA) framework or future rate cuts, Das was prompt in his answer, ‘It will be data-drive... | RBI governor says any future rate cuts will be based on 'numbers' and not 'discretion'. he also said that RBI goes by whatever numbers they get wrong. he also said that if food is a bigger proportion of the basket, these are the central banks that tend to make larger errors. RBI has revised consumer price index inflati... | Negative |
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/real-estate-investment-drops-58-in-januarymarch-2020-report/articleshow/75248985.cms | Institutional investment into India’s real estate sector declined sharply in the January–March 2020 period, dropping 58% year-on-year, a report by real estate consultancy firm JLL showed.Total investments in FY 2019-20 fell to its lowest in four years, declining by 13% to $4,261 million over previous year levels of $4,... | institutional investment in india's real estate sector dropped 58% year-on-year. the recent Covid-19 outbreak was one of the biggest reasons for the decline. the real estate sector has been facing a liquidity crunch following defaults by IL&FS Group in 2018. the state of residential real estate in india is the baromete... | Negative |
https://www.livemint.com/Companies/6S7d0Wcr1RxPnPFcHslGbO/ILFS-plans-to-raise-authorized-share-capital.html | Mumbai: Infrastructure Leasing and Financial Services Ltd (IL&FS) is planning to boost its authorized share capital by ₹ 4,000-5,000 crore to enable the cash-strapped group to raise money from its shareholders. The move is aimed at meeting the group’s immediate repayment obligations and avoiding further debt rating dow... | IL&FS's board will consider raising authorized capital from 1,500 crore. move aims at meeting group's immediate repayment obligations. shareholders will vote to approve the proposal at the company's annual general meeting. IL&FS has defaulted on several payments in the past two months. it is taking steps to raise mone... | Negative |
https://www.businesstoday.in/current/economy-politics/mood-of-the-nation-survey-42-believe-india-can-become-5-trillion-economy-by-2025/story/394510.html | Less than half - 42 per cent - of respondents in the Mood of the Nation survey believe that India can become a $5 trillion economy by 2025. The survey conducted by India Today and Karvy Insights surveyed 12,141 people from across the country.
A majority - 58 per cent - are either not hopeful or are doubtful of the tar... | a majority of respondents in the Mood of the Nation survey are either not hopeful or are doubtful of the target. out of the 58 per cent, around 34 per cent believe that India won't reach the $5 trillion target by 2025. when it comes to the state of the economy, a whopping 60 per cent believe that it is either growing s... | Negative |
https://economictimes.indiatimes.com/markets/forex/rbi-sells-dollars-to-stem-rupees-drop/articleshow/64069140.cms | India’s central bank reportedly intervened in the currency markets on Monday to prevent a further slide in the local unit, which breached the 67 mark to a dollar for the first time in 15 months amid a widening trade gap and runaway import bills fuelled by high crude-oil prices.Some state-owned banks were seen selling d... | rupee is the worst performing among a dozen Asian monetary units in the past three months. it lost 4.25 per cent to the dollar during the period, show data from Bloomberg. RBI is said to have sold about $800 million collectively on the spot and exchange traded futures markets. the rupee closed at 67.14, down 0.40 per c... | Negative |
https://www.financialexpress.com/investing-abroad/featured-stories/u-s-stocks-rebound-as-dip-buying-offsets-virus-concern/1990323/ | Bloomberg: U.S. stocks rebounded from the biggest rout in 12 weeks as dip-buyers emerged for companies that bore the brunt of Thursday’s selling. Treasuries fell, while the dollar rose.
Real-estate, financial and energy companies led gains in the S&P 500. Cruise operators and airlines that were among the hardest-hit d... | the world health organization says the risk of a second wave of coronavirus is present for any country exiting lockdowns. all three major equity gauges fell for the week on concern over the pace of recovery. the S&P 500 advanced 1.3% as of 4 p.m. new york time. the euro decreased 0.4% to $1.1256. | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-update-global-covid-19-cases-fatalities-and-economic-impact/story/403322.html | More than 3.9 million people have been reported to be infected by the coronavirus globally and 271,030 have died, according to a Reuters tally, as of 1704 GMT on Friday.
EUROPE
Euro zone governments gave their final approval on Friday to the first part of a 540 billion-euro rescue plan for states hit hard by the coro... | more than 3.9 million people have been reported to be infected by the coronavirus. 271,030 have died, according to a Reuters tally, as of 1704 GMT on friday. the european union executive backs keeping curbs on travel to the continent in place. a cat belonging to a family in the spanish region of Catalonia tested positi... | Negative |
https://www.moneycontrol.com/news/world/us-expected-to-report-slowest-job-growth-in-six-months-6188611.html | U.S. employers likely hired the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession.
The Labor Department's closely watched employment report on Friday will onl... | nonfarm payrolls likely increased by 469,000 jobs last month. that would be the smallest gain since the jobs recovery started in may. the united states is in the midst of a fresh wave of COVID-19 infections. a lack of more government relief money could result in the economy contracting. a spokesman for the labor depart... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-spectre-hangs-over-india-future-says-rbi/story/400601.html | The global macroeconomic outlook is overcast with extreme volatility in financial markets and massive dislocations in global production, supply chains, trade and tourism, says the Reserve Bank of India's (RBI) Monetary Policy Report. The RBI said that even India has not been spared from the exponential spread of corona... | RBI: global macroeconomic outlook overcast with extreme volatility in financial markets. COVID-19 would hit domestic economic activity directly through nationwide lockdown. inflation tentatively projected to ease to 4.8% in Q1FY21. RBI: "the tentative outlook is benign relative to recent history". a'sea of uncertainty'... | Negative |
https://www.financialexpress.com/industry/banking-finance/rbi-annual-report-nearly-all-junked-notes-returned/1296984/ | As much as 99.3% of the demonetised high-value notes returned to the banking system, the Reserve Bank of India’s annual report for 2017-18 said on Wednesday, a long-awaited revelation that triggered a political slugfest over the efficacy or lack of it of the unprecedented move, which was aimed primarily at curbing the ... | demonetised notes were referred to as specified bank notes (SBNs). the ban was aimed primarily at curbing black money menace. but the government has claimed they will not return. a political slugfest over the efficacy of the move. a former finance minister said the note ban was an exercise in futility. | 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 |
http://www.livemint.com/Opinion/UNPG0gU0IXOBaiLoUm9vQK/Setting-the-table-by-reharmonizing-innovation-industrial-an.html | It has been hectic over the last couple of weeks in New Delhi after the 2018 budget was presented following up on the Economic Survey.
While the former didn’t seem to pay too much attention to it, it was heartening to see a novel dimension in economic surveys with a discussion on the abysmal rates of R&D (research and... | efforts to use innovation and R&D to spur agricultural productivity have been few and far between. despite a realization of distortionary effects of cross-subsidization in Delhi policy circles for some time now, efforts to use innovation and R&D to spur agricultural productivity have been few and far between. despite a... | Negative |
https://www.businesstoday.in/current/economy-politics/economists-pitch-for-second-round-of-stimulus-worth-2-of-gdp/story/414563.html | Key Highlights:
Top economists pitch for another round of fiscal stimulus worth 2% of GDP to put the economy on growth path and protect jobs.
Additional borrowing to fund stimulus and front-loading of expenditure in infrastructure, especially small-ticket projects involving local companies, among key suggestions.
Th... | experts argue that fiscal stimulus package is less than 2% of the GDP. government will wait for pandemic to subside before offering further financial support. pronab Sen, country director of the international growth centre, calls for continued direct transfer of food and cash for some more time. he says delay in stimul... | Negative |
https://economictimes.indiatimes.com/tech/technology/uber-to-expand-in-india-despite-weak-demand/articleshow/78830815.cms | I-T Lens on Google, Amazon & Apple for likely ₹5kcr Demand The Income Tax (I-T) Department is investigating the Indian units of Apple, Google and Amazon over possible non-payment of tax. In connection with a probe that began in 2021, the authorities have sought detailed explanations from the tech behemoths on their tra... | the income tax (I-T) department is investigating the Indian units of Apple, Amazon and Amazon over possible non-payment of tax. the authorities have sought detailed explanations from the tech behemoths on their transfer pricing (TP) practices. in connection with a probe that began in 2021, the authorities have sought d... | Negative |
https://www.financialexpress.com/money/office-real-estate-in-india-5-significant-trends-that-are-emerging-amid-covid-19-crisis/1975878/ | The Indian office real estate looked promising in 2019, with a fresh supply of over 50 million sq. ft. and a net absorption that hovered north of 45 million sq. ft – primarily driven by IT/ ITeS, BFSI, consulting & co-working spaces. In the upcoming markets such as Bangalore, Chennai & Pune, total vacancy was in single... | the corporate world was betting big on India’s long-term growth potential. however, the bullish run could not last long. due to uncertainty & paranoia, larger organizations are deferring key leasing decisions. despite realtors trying out the digital way, aggregate sales & leasing activities have plunged. despite the lo... | Negative |
https://www.moneycontrol.com/news/business/economy/s-expects-growth-to-recover-to-7-5-in-fy22-5161581.html | S&P Global Ratings on Friday slashed India growth forecast for the current fiscal to 1.8 percent, from 3.5 percent estimated earlier, on account of the lockdown to contain COVID-19 pandemic. The US-based rating agency expects growth to significantly recover to 7.5 percent in 2021-22 fiscal.
S&P had in March cut India ... | india growth forecast slashed to 1.8 percent, from 3.5 percent forecast earlier. agency expects growth to recover to 7.5 percent in 2021-22 fiscal. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by boo... | Negative |
https://www.financialexpress.com/infrastructure/railways/thiruvananthapuram-to-kasaragod-in-just-4-hours-kerala-to-get-200-kmph-semi-high-speed-railway-corridor-details-here/1797413/ | Kerala semi-high speed rail project: Transport and infra sectors in Kerala to get a major boost! The Modi government has given its in-principle nod to Kerala’s semi-high speed rail (SHSR) project, which will run between Thiruvananthapuram and Kasaragod. The project will reduce travel time between these two places from ... | the project will run between Thiruvananthapuram and Kasaragod. it will reduce travel time between these two places from 12 hours to just four hours. the project is estimated to cost Rs 56,443 crore. but by the time of its completion, the project cost can go up to Rs 66,079 crore. 50,000 jobs are likely to be generated ... | Negative |
https://www.moneycontrol.com/news/world/nearly-500-new-coronavirus-cases-send-south-korea-total-past-4000-4990761.html | South Korea reported nearly 500 new coronavirus cases Monday, sending the largest national total in the world outside China past 4,000. Four more people had died, the Korea Centers for Disease Control and Prevention said, taking the toll to 22.
Infection numbers have surged in the world's 12th-largest economy in recen... | nearly 500 new cases reported in south Korea, the largest in the world outside China. four more people have died, the Korea center for disease control and prevention says. the outbreak will hit consumption and exports, the country's central bank warns. more than 260,000 people associated with the Shincheonji church of ... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/star-fund-manager-let-down-by-his-own-creation/articleshow/75369055.cms | As investor ire rains down on Franklin Templeton over its decision to scrap six bond schemes and halt redemption indefinitely, the spotlight is on Santosh Kamath , the firm’s high-profile chief investment officer (CIO) in charge of debt assets. Known as the pioneer of an investing style that involves bets on low-rated ... | he was the pioneer of an investing style that involves bets on low-rated papers. but his strategy has ended up being some kind of a Frankenstein's monster. he managed to escape unscathed in the 2008-09 global financial crisis. he managed to generate extraordinary returns for the firm's debt schemes. but he was unable t... | Negative |
https://www.businesstoday.in/current/corporate/will-microfinance-survive-coronavirus-crisis-a-lot-depends-on-how-funds-flow-to-borrowers/story/404824.html | As we near May 31, all eyes are on how wheels of the economy start to turn. One of the sectors hit hard by coronavirus lockdown has been the micro-loan lending sector. The microfinance institution (MFI) is an important component of this. The available data shows how the sector has suffered in the past few weeks and is ... | micro-loan lending sector hit hard by coronavirus lockdown. some of the micro-finance institutions say banks have started cautious lending activity. report based on data gathered between April 12 - April 30, 2020. a total of 4,000 micro-loans have been issued in the last year. a total of 4,000 micro-loans have been iss... | Negative |
https://www.moneycontrol.com/news/business/economy/revenue-contraction-of-8-may-hurt-govts-spending-plans-5603071.html | The central government's expenditure plans for sectors such as roads, railways, and export logistics are expected to take a hit as the Finance Ministry's internal estimate pegs revenue contraction for FY 2020-21 at around 8 percent.
"We have to keep in mind the revenue position before planning expenditure. And no opti... | internal estimate pegs revenue contraction for FY 2020-21 at around 8 percent. government pegged gross tax revenues at Rs 24.23 lakh crore, a 12 per cent increase. a vaccine works by mimicking a natural infection. a vaccine also helps quickly build herd immunity to put an end to the pandemic. a vaccine works by mimicki... | Negative |
https://www.moneycontrol.com/news/business/eu-presses-china-over-trade-warns-on-hong-kong-law-5440971.html | The European Union told China on Monday to make good on a promise to open up its economy and warned of "very negative consequences" if Beijing goes ahead with a new security law on Hong Kong that the West says will curtail basic rights.
Speaking after video calls with Chinese Premier Li Keqiang and President Xi Jinpin... | european union warns of "very negative consequences" if china implements new security law. china's parliament protests against the security law. the west says the law will curtail basic rights. the eu says it is in touch with the chinese government. a new security law is expected to be introduced in the coming months. ... | Negative |
https://www.moneycontrol.com/news/world/critical-us-china-trade-talks-enter-second-day-in-beijing-2562661.html | Representative image
Senior Chinese and US officials met in Beijing today for a second day of high-stakes trade talks aimed at forestalling the growing momentum towards a trade war that would trigger billions of dollars of trade tariffs. The discussions mark a potential off ramp for the trade conflict that could dent ... | the talks are aimed at forestalling the growing momentum towards a trade war. the talks are being held at the diaoyutai state guest house. vice premier in charge of the economy is leading the discussions for china. the talks are expected to last until april 30. a new round of tariffs is expected to be imposed on all u.... | Negative |
https://www.financialexpress.com/industry/banking-finance/covid-19-impact-asset-quality-could-come-under-stress-says-indusind-bank-ceo/1941581/ | IndusInd Bank could see asset quality deteriorate as a result of the disruption to the economy after the Covid-19 outbreak, MD and CEO Sumant Kathpalia said on Monday. Speaking to the media in his first post-results interaction, Kathpalia indicated the private sector lender’s credit costs could go up to as much as 180 ... | indusind bank's credit costs could go up to 180 basis points (bps) in a business-as-usual scenario, the lender's credit cost would have ranged around 120-130 bps. the projections are based on an internal analysis of the risks posed by the pandemic. the lender’s gross NPAs stood at 2.45% of gross advances as on March 31... | Negative |
https://www.moneycontrol.com/news/business/stocks/hold-orient-cement-target-of-rs-150-centrum-2570301.html | live bse live
nse live Volume Todays L/H More ×
Centrum's research report on Orient Cement
Orient Cement (ORCMNT) posted flattish EBITDA YoY in Q4FY18, as increased competition drove volume decline YoY, and aggressive pricing led to weak NSR QoQ. Lower opex QoQ moderated YoY cost inflation. The JPA’s assets acquisit... | Orient Cement (ORCMNT) posted flattish EBITDA YoY in Q4FY18. increased competition drove volume decline YoY, and aggressive pricing led to weak NSR QoQ. lower opex QoQ moderated YoY cost inflation. the JPA’s assets acquisition is getting delayed owing to pending approvals. | Negative |
https://www.businesstoday.in/markets/commodities/rupee-vs-dollar-rupee-falls-22-paise-to-7595-amid-weak-equity-market-strong-dollar/story/403540.html | The rupee depreciated 22 paise to 75.95 against the US dollar in opening trade on Tuesday amid strengthening American currency overseas and weak opening in domestic equities.
Forex traders said the local unit opened weak against the greenback tracking gains in the US dollar. Moreover, selloff in domestic equities and ... | rupee depreciates 22 paise to 75.95 against the US dollar in opening trade. the local unit opened weak against the greenback tracking gains in the us dollar. the dollar index is trading 0.04 per cent higher at 100.27. in india, the death toll due to COVID-19 rose to 2,293. a slew of coronavirus cases have been reported... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/coronavirus-scare-fpis-pull-out-rs-1-12-lakh-crore-in-march-so-far/articleshow/74870657.cms |
New Delhi: As the coronavirus pandemic is triggering fears of a global recession, foreign investors have started rowing back from the Indian capital markets by withdrawing a massive over Rs 1 lakh crore in March after remaining net buyers for six consecutive months.In order to contain the spread of coronavirus, lockdo... | foreign investors have started rowing back from the Indian capital markets. over Rs 1 lakh crore was pulled out of equities and Rs 52,811 crore was withdrawn from the debt segment. this is the highest withdrawal ever since the depositories data was made available. the lockdowns have become a norm world over and have le... | Negative |
https://www.livemint.com/Companies/WQaMmpJ1oiviizStZt05tL/Qualcommforecast-falls-short-as-it-takes-a-hit-from-loss-of.html | San Franiscio: Qualcomm Inc forecast sales revenue for the holiday shopping quarter below analysts’ estimates on Wednesday as it took a hit from the loss of chip sales to Apple Inc., sending its shares down 3.4%.
The San Diego chipmaker also forecast its fiscal 2019 first-quarter profit above analysts’ estimates, but ... | the chipmaker forecast its fiscal 2019 first-quarter profit above analysts’ estimates. the better-than-expected outlook was largely due to a one-time tax benefit of about 45 cents per share. the company has been battered by a slowdown in the industry and the loss of major customer apple. apple is suing Qualcomm over it... | Negative |
https://www.financialexpress.com/industry/sme/msme-eodb-hotels-restaurants-tell-finmin-banks-not-cooperating-in-loan-restructuring-may-succumb-by-year-end/2076393/ | Ease of Doing Business for MSMEs: Indian hotels and restaurants are likely to “succumb” by the end of the year due to the lockdown impact if immediate action is not taken by the government, Federation of Hotel & Restaurant Associations of India (FHRAI), which represents 5 lakh restaurants and 55,000 hotels, told Financ... | industry contributes about 10 per cent GDP to the country's economy. weekend lockdown or partial lockdown, which was imposed in 15 states and union territories, hit the overall retail sector. if government does not act, industry could lose Rs 1.6 lakh crore. 'all kinds of retailers see around 45 per cent of their busin... | Negative |
https://www.moneycontrol.com/news/economy/policy/nbfcs-will-play-a-pivot-for-growth-revival-let-more-liquidity-flow-5185571.html | Rupa Rege Nitsure
The coronavirus pandemic will not just cost many lives, but also institutions, if there are recognition and response lags in economic policies. While policymakers’ immediate focus is on controlling the disruptions from the pandemic, the eventual goal of putting the economy back on its feet once the p... | coronavirus pandemic will cost many lives, but also institutions. banks and NBFCs will play a critical role when India kick-start production. the crisis brought about by the pandemic is not a financial crisis. it has impacted demand and supply, disrupted value chains, increased unemployment and reduced income levels ac... | Negative |
https://www.businesstoday.in/sectors/it/h1b-visa-ban-indian-it-industry-criticises-donald-trump-temporary-work-visa-freeze-wipro-infosys/story/407730.html | US President Donald Trump's decision to temporarily freeze the entry of H-1B visa holders in the country has drawn wide criticism from India's tech lobby.
Issuing a presidential proclamation, the Trump administration has restricted those entering the United States on H-1B visas, L visas, J visas, and H-2B seasonal wor... | the suspension will come into effect on June 24 and will expire on December 31, 2020. the move is part of the us government's efforts to curb immigration. the move is part of the effort to boost local employment in the country. the move is a protest against the u.s. government's decision to freeze visas. a spokesman fo... | Negative |
https://www.moneycontrol.com/news/business/commodities/crude-price-check-potential-production-cut-by-opec-could-push-brent-to-55bbl-4992831.html | Navneet Damani
China's shutdown puts OPEC and allies nations in an awkward position. Markets keep on assuming the virus clears up pretty quickly, but as the spread of the virus to Italy and Korea accelerate, the crisis could continue to grow worse. OPEC is worried about the slump in Chinese oil demand pressuring oil p... | OPEC and allies nations in awkward position as china shutdown threatens oil prices. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine can be used to prevent a pandemic or to prevent a disease. | Negative |
https://www.financialexpress.com/industry/banking-finance/banks-asset-quality-ratios-may-worsen-up-to-600-bps-fitch/1974286/ | Asset quality of Indian banks may be severely hit over the next two years as a result of the Covid crisis and their impairment ratios could rise by 200-600 basis points (bps), depending on the severity of stress and banks’ individual risk exposures, rating agency Fitch said on Thursday.
The impaired loan ratio will tr... | impairment ratios of Indian banks could rise by 200-600 basis points (bps) impact will be spread over the course of FY21 and FY22. private banks have better asset quality and/or loan-loss cover than state-run banks. but remain exposed due to large retail books, notably in unsecured personal loans and credit cards which... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/trade-setup-shorts-building-up-in-nifty-futures-any-pullback-to-remain-capped/articleshow/76326254.cms | ET CONTRIBUTORS
The domestic equity market took a sharp corrective move on Thursday as the weekly options expired, and ended the session with a sizable cut. The US Fed ’s projection of a long road ahead for repairing the economic damage from Covid-19 was not received positively by Asian markets this next morning. Ind... | domestic equity market took a sharp corrective move on Thursday as the weekly options expired. ended the session with a sizable cut. Nifty gave up the psychologically important 10,000 level and went on to close at 9,902 with a net loss of 214.15 points, or 2.12 per cent. india Volatility Index, INDIA VIX, went up by 0.... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/trade-setup-nifty-pushed-into-a-broad-phase-of-consolidation/articleshow/77857763.cms | ET CONTRIBUTORS
In a terribly volatile session Nifty made a strong corrective move on Monday, as it opened high but ended with a deep cut. The market opened on a positive note and got stronger as the session progressed. After testing a high of 11,794, the index witnessed a massive correction and came off over 468 po... | Nifty made a strong corrective move on Monday, as it opened high but ended with a deep cut. the market came down heavily, even volatility spiked. the market may see a shaky start to Tuesday’s session and the 11,450 and 11,530 levels will act as key resistance. the daily MACD has seen a negative crossover and is now bea... | Negative |
https://economictimes.indiatimes.com/industry/auto/cars-uvs/honda-cars-sales-up-23-to-18261-units-in-january/articleshow/67794833.cms | Industrial Growth Slows to 3-month Low in Sept India’s industrial growth dropped more than expected in September to 5.8% from a 14-month high of 10.3% in the preceding month, hit by an unfavorable base effect magnified by a shift in the festival calendar. Excess rainfall in September also disrupted output, impacting gr... | industrial growth dropped more than expected in sept. it was 10.3% lower than 14 months earlier. rainfall disrupted output, impacting growth. manipal education and medical group chairman Ranjan Pai has invested Rs 1,400 crore (around $168 million) in a subsidiary of troubled edtech major byju’s. he has also invested Rs... | Negative |
https://economictimes.indiatimes.com/markets/stocks/etmarkets-podcast/etmarkets-evening-podcast-what-may-guide-your-market-next-week/podcast/74851670.cms | Transcript
Hi there! From ETMarkets.com, this is Abhinav Kaul with Your Evening Briefing.
LET’S START WITH THE TOP HEADLINES AT THIS HOUR
>> Sensex gives up 1,300-pt gains despite RBI’s $50b bazooka
>> Reserve Bank cuts repo rate to lowest ever at 4.4%
>> Moody's slashes India’s GDP growth for 2020 to 2.5%
>>... | Sensex closed 131.18 points lower at 29,815.59, while Nifty rose 18.80 points to close at 8,660.25. yes bank pared gains to close 0.94 per cent down after the lender approved a proposal to raise Rs 5,000 crore. yes slid 0.94 per cent down after the lender approved a proposal to raise Rs 5,000 crore. | Negative |
https://www.moneycontrol.com/news/business/commodities/soybean-may-show-moderate-recovery-towards-rs-3820-3840-rm-seed-may-see-sharp-correction-5306661.html | Ajitesh Mullick
IMD's report of monsoon arrival delayed by five days supported market sentiments for the week. The recent announcements by the Centre to provide funds for agri infrastructure, warehousing and provide more e-markets for farmers and making changes to the Essential Commodities Act, were all factors that c... | monsoon arrival delayed by five days supports market sentiments for the week. record foodgrain production reports proved to be dampener for rising prices. lack of demand on the export front has adversely affected trading aspects for jeera. guarseed prices likely to find immediate support at Rs 3,200-5,000 mark. ajitesh... | Negative |
https://www.businesstoday.in/current/economy-politics/oronavirus-update-1684-new-cases-reported-in-last-24-hours-recovery-rate-improves-to-2057/story/401929.html | India reported sharp rise in coronavirus positive cases with 1,752 new patients in the last 24 hours, according to the latest Ministry of Health and Family Welfare data. The total number of cases jumped to 23,452, while death toll spiked to 723, the data showed. The confirmed coronavirus cases include 17,915 active cas... | india reports a sharp rise in coronavirus positive cases with 1,752 new patients. the confirmed cases include 17,915 active cases (77 foreign nationals) and 723 deaths. Maharashtra remains the worst-hit state with 6,430 registered COVID-19 cases and 283 deaths. meanwhile, india is under complete lockdown, which has bee... | Negative |
https://www.financialexpress.com/market/investors-pull-out-rs-5000-crore-from-credit-risk-funds-after-templeton-move/1942616/ | Since April 24, a day after Franklin Templeton MF decided to wind up its six debt schemes, investors have pulled out around Rs 4,500-5,000 crore from credit risk funds, market participants say. The total assets under management (AUM) of credit risk funds were around Rs 45,000 crore in mid-April.
The CEO of a top fund ... | investors have pulled out around Rs 4,500-5,000 crore from credit risk funds. the total assets under management (AUM) of credit risk funds were around Rs 45,000 crore in mid-April. investors fear their investments are in danger post Franklin Templeton MF's closure of six schemes. out of 20 credit risk funds, 11 funds h... | Negative |
https://www.businesstoday.in/current/economy-politics/credit-flow-declines-a-whopping-88-to-rs-90995-crore-in-h1fy20/story/383499.html | Reflecting the severe slowdown in the economy , the total flow of funds from banks and non-banks that include public issues, commercial papers (CPs), external commercial borrowings (ECBs) and foreign direct investments (FDIs) has crashed by 87.63 per cent to Rs 90,995 crore over the first six months (April-September) o... | the total flow of funds from banks and non-banks has crashed by 87.63 per cent. the falling credit flow shows the subdued activity in the economy. the gross domestic product (GDP) had already fallen to a low of 5 per cent. the RBI has also revised downwards its GDP forecast from 6.9 per cent to 6.1 per cent. | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/buy-or-sell-ideas-from-experts-for-friday-19-october-2018/articleshow/66280218.cms | NEW DELHI: Domestic equity markets are likely to open on a negative note on Friday, tracking tepid trading in Nifty futures on the Singapore Exchange. ET Now spoke to various experts and here's what they have to recommend for today's trade:DLF is a 'Sell' call with a target price of Rs 135 and a stop loss of Rs 150.Baj... | domestic equity markets are likely to open on a negative note on Friday. tepid trading in Nifty futures on the Singapore Exchange is likely to be a factor. analysts have a range of options to choose from. 'Sell' call with a target price of Rs 135 and a stop loss of Rs 150. 'Buy' call with a target price of Rs 1,240 and... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/lockdown-day-77-delhi-drowning/articleshow/76283448.cms | 187 new cases in Jharkhand, totaly cases now 1,330.
117 new cases in Bihar, total cases now 5,202.
77 new cases in Uttarakhand; tally rises to 1,488.
45 new cases in Indore, taking tally to 3,830.
33 new cases in Assam, cases go up to 2,776.
Six new cases in Sikkim; total now 13.
Daman records first two cases.
J... | 187 new cases in jharkhand, totaly cases now 1,330. 117 new cases in Bihar, total cases now 5,202. 77 new cases in Uttarakhand; tally rises to 1,488. 45 new cases in Indore, taking tally to 3,830. 33 new cases in Assam, cases go up to 2,776. | Negative |
https://economictimes.indiatimes.com/wealth/invest/stock-pick-of-the-week-maricos-valuation-has-become-reasonable-after-recent-correction/articleshow/74523269.cms | Buy: 21
Hold: 15
Sell: 14
With a 2% y-o-y fall in consolidated revenue growth, Marico reported a lacklustre third quarter of 2019-20. The consolidated revenue fall would have been higher had the 5% y-o-y fall in domestic revenues not been partially compensated by 8% revenue growth in the international markets. The r... | marico reported a lacklustre third quarter of 2019-20. consolidated revenue fell 2% y-o-y but value added hair oil volume fell 7%. analysts are getting bullish on the counter now. the stock market has already reacted negatively to the growth challenges faced by Marico during the last six months. despite this, the compa... | Negative |
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