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https://www.moneycontrol.com/news/business/markets/warning-signs-these-10-companies-march-quarter-profit-is-likely-to-fall-over-50-yoy-5176411.html | March quarter is likely to see a decline in the earnings growth for most of the sector amid COVID-19 outbreak, and the tremors are likely to be felt in the forthcoming quarters as well, fear experts.
Kotak Institutional Equities expects high double-digit YoY decline in net income for several sectors: (1) automobiles (... | analysts expect a decline in earnings growth for most of the sector. analysts expect a sharp decline in volumes for automobiles, construction materials. analysts expect a fall in net income for the upcoming quarters. analysts expect a fall in the number of stocks to report negative results. a fall in the number of stoc... | Negative |
https://www.livemint.com/companies/news/lufthansa-ceo-says-cheap-flights-are-irresponsible-11593848961570.html | Ultra low-cost tickets priced at less than 10 euros ($11.25) each are harming the aviation industry’s reputation, Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said in an interview with Swiss daily Neue Zuercher Zeitung.
“Tickets for 9.99 euros are ecologically and economically irresponsible," Spohr, 53,... | low-cost tickets priced at less than 10 euros each are harming aviation industry's reputation, says airline chief executive officer. "Tickets for 9.99 euros are ecologically and economically irresponsible," says 53-year-old carsten spohr. airline will seek capital markets financing to repay government loans it received... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/day-1-of-lockdown-more-and-more-factories-shut-shop-indias-count-now-562/articleshow/74811900.cms | On Day 1 of PM Modi's 21-day nation-wide shutdown, the number of new cases dropped to 26, with the country's total cases surpassing 600. With most businesses having to work from home or with minimal personnel, many have temporarily shut shop.The exercise to update the National Population Register (NPR) and the first ph... | pm modi's 21-day nation-wide shutdown has dropped the number of new cases to 26. the exercise to update the national population register and the first phase of the Census-2021 have also been deferred indefinitely due to the lockdown. the number of cases has risen to 116 in UP, with 3 new cases reported in Telangana. | Negative |
https://economictimes.indiatimes.com/news/international/world-news/explainer-what-we-dont-yet-know-about-the-coronavirus/articleshow/74862470.cms | It has been only three months since reports first emerged from China of an unknown virus causing unusual cases of pneumonia, and scientists and public health experts already know more about it and how it works than at the same point in earlier outbreaks.But there's still a lot they don't know.As the new coronavirus (Co... | more than 550,000 cases have been reported worldwide, of which more than 127,000 have recovered and more than 24,000 have died. older people with pre-existing conditions can still develop serious illness more often than others. the mortality rate in males appears to be twice that of women in every age group. there are ... | Negative |
https://economictimes.indiatimes.com/news/international/business/nations-debate-easing-virus-restrictions-as-economies-falter/articleshow/75218953.cms | Beijing: Governments around the world are wrestling with when and how to lift economically painful virus-control measures as unemployment rises and rent payments come due. Many places have mandated strict restrictions on movement to try to stop the spread of a new coronavirus that has infected more than 2.2 million peo... | a new coronavirus outbreak has killed more than 150,000 people worldwide. the outbreak has killed more than 150,000 people worldwide. the outbreak has killed more than 150,000 people worldwide. the outbreak has killed more than 150,000 people worldwide. a tally of 6,912 deaths in the united states has been linked to th... | Negative |
https://economictimes.indiatimes.com/markets/commodities/news/gold-heads-for-best-year-in-a-decade-with-dollar-on-the-ropes/articleshow/80038086.cms | Digital payments platform Razorpay plans to move its parent firm to India through a cross-country merger that may entail a tax payment of $250-300 million in the US, where it is currently domiciled, according to multiple people aware of discussions.
Indians have become the largest real estate investors in the Dubai pr... | the company is currently domiciled in the us and may be forced to pay $250-300 million in tax in the us. the Indian units of Apple, Google and Amazon are being investigated over possible non-payment of tax. the tax department is investigating the tech behemoths over possible non-payment of tax. the u.s. government is i... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/it-might-be-a-little-too-early-to-invest-in-fortis-healthcare/articleshow/75078105.cms |
ET Intelligence Group: By all indications, it may be a little too early to invest in Fortis Healthcare , the country’s second largest private hospital chain.In the last week of March, the company management revealed in an analysts’ call the extent of the impact of the Covid-19 virus outbreak on its operations. The ... | the country's second largest private hospital chain is struggling with the effects of the covid-19 virus outbreak. only seven analysts are tracking the stock, with a ‘buy’ recommendation and a target price that is 38% higher than current levels. the company has shown improved operational profitability after a change at... | Negative |
http://www.livemint.com/Companies/M8OpoQLST65B7WFTJUisnM/Britannia-Q3-profit-jumps-1960-to-Rs26365-crore.html | Bengaluru: Biscuit maker Britannia Industries Ltd reported a 19.60% jump in profit for the October-December quarter aided by strong domestic consumer demand.
Profit rose to Rs263.65 crore from Rs220.44 crore a year ago, Britannia said in a BSE filing. Total revenue grew 8.81% to Rs2,603.42 crore during the period.
“O... | profits rose to Rs263.65 crore from Rs220.44 crore a year ago. total revenue grew 8.81% to Rs2,603.42 crore during the period. international business continued to grow at a slower rate due to deteriorating geopolitical situation and currency fluctuations in markets like the Middle East and Africa. growth in the company... | Negative |
https://www.financialexpress.com/market/investors-lose-rs-1-42-lakh-crore-wealth-in-opening-trade-whats-dragging-sensex-nifty-today/1913207/ | Domestic equity market benchmarks Sensex and Nifty, plunged on Monday as the cases of the novel coronavirus increased over the weekend in India and elsewhere. In the opening trade on Monday, the 30-share index Sensex dropped 1,000 pts to 28,708, while the broader Nifty 50 index fell below 8,350 levels. All 30 constitue... | domestic equity benchmarks Sensex and Nifty, plunged on Monday. all 30 constituents of the S&P BSE Sensex were in deep sea of red. indusInd Bank down over 10 per cent in initial trade, followed by Bajaj Finance and M&M. fast-spreading coronavirus cases in india continued to dictate market movement. | Negative |
https://economictimes.indiatimes.com/news/defence/north-korea-fires-weapons-after-threatening-momentous-action/articleshow/74547673.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.livemint.com/opinion/columns/the-government-s-tight-fist-has-given-our-economy-a-body-blow-11591886098561.html | More bad news about the economy surfaced last month. During January-March 2020, gross domestic product (GDP) growth declined for the ninth consecutive quarter, plummeting to 3.1%, the lowest in 44 quarters since January-March 2009. For 2019-20, annual GDP growth at 4.2% was also the lowest in 11 years since the global ... | april is the month of bad news for the economy, with a 3.1% decline in January-March 2020. april is the month of a recession, with the economy in a downturn for the past three years. april is the month of a reversal, with the rupee stifling exports and high interest rates. | 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.businesstoday.in/magazine/money-today/cover-story/investing-in-times-of-coronavirus/story/398460.html | There has been a bloodbath in stock markets globally. Indian equity indices are no different. The trigger is the rapid spread of coronavirus that is leading to shutdown of businesses, lockdown of big industrial towns, even entire countries (such as Italy), apart from snapping of supply chains, across continents. A furt... | coronavirus is the immediate trigger, but it has come on top of other worries. stock indices have been rising, with the Sensex closing at a record high of 41,952. if the virus continues to spread, stock markets could face a sharper correction. a further spread will trigger an even sharper correction, say experts. | Negative |
https://www.moneycontrol.com/news/business/markets/indian-stocks-to-lag-rivals-as-stimulus-falls-short-5543471.html | Foreign investors have begun to price in a slower rebound for Indian stocks this year on concerns that the relatively meagre stimulus the government has delivered for businesses and consumers will leave the economy trailing its main rivals.
Mumbai's equity indices have bounced about 43 percent since crashing to a four... | foreign investors are pulling out $2.75 billion in outflows from india this year. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end to the pandemic. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine wor... | Negative |
https://economictimes.indiatimes.com/news/international/world-news/china-uses-trade-as-weapon-to-silence-virus-criticism/articleshow/75757845.cms | Trying to silence criticism over the coronavirus pandemic China is deploying a well-used weapon - trade sanctions.Beijing has blocked some imports of Australian beef after Prime Minister Scott Morrison 's government, endorsed by Washington, called for a robust inquiry into the origins of the outbreak and rebuffed Chine... | china has blocked some imports of australian beef after calling for an inquiry. move is first time Beijing has used its huge markets as leverage in its campaign to deflect blame. australia is not backing down, says think tank expert. china has suspended beef imports from four slaughterhouses, but threatens huge tariffs... | Negative |
https://www.livemint.com/Companies/0uZR4zD1HSO6wta8oFd4BO/Sacked-ILFS-directors-face-questionson-diversion-of-funds.html | New Delhi: Sacked directors of Infrastructure Leasing and Financial Services Ltd (IL&FS) will have to face questions on negligence, diversion of funds, failed risk management and misrepresentation of facts that are viewed seriously under the Companies Act. They will also need to explain charges of mismanaging the infra... | 169 group companies of IL&FS are under probe. government took serious step of replacing board. as much as 40% of IL&FS is owned by life insurance corporation of india. if found guilty, directors could face imprisonment of up to 10 years. if found guilty, they could face fines of up to three times the amount involved. i... | Negative |
https://www.moneycontrol.com/news/business/markets/gold-recovers-from-3-slump-as-dollar-asian-equities-ease-5093951.html | Gold prices on Wednesday clawed back from a steep fall in the previous session, as the U.S. dollar eased following the Federal Reserve's latest stimulus boost and as Asian equities slipped with the coronavirus pandemic sharply slowing global growth.
FUNDAMENTALS
* Spot gold was up 0.4% at $1,577.83 per ounce, as of 0... | gold prices recover from a 3.1% fall in the previous session. the dollar is down 0.1% against key rivals. Asian shares face another leg lower as the coronavirus pandemic slows global growth. the u.s. consumer confidence dropped to a near three-year low in march. a gauge of world stocks posts its biggest quarterly decli... | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-to-recover-very-fast-aditya-puri/articleshow/76443232.cms | MUMBAI: HDFC Bank MD and CEO Aditya Puri has said Indian GDP will recover "very fast" and pointed out that it is essential to get the growth rate back to the pre-COVID levels. The largest lender in the private sector will emerge from the COVID-19 pandemic "way way stronger" than it ever was, Puri said in an e-mail to t... | the largest lender in the private sector will emerge from the COVID-19 pandemic "stronger" than it ever was, he said. the economy is widely expected to contract in FY21, with some analysts pegging the GDP to decline by 5%. the entire first quarter has been a washout due to the continuing lockdowns. the bank is schedule... | Negative |
https://www.businesstoday.in/current/corporate/coronavirus-impact-lt-board-members-take-up-to-53-pay-cut-naik-hopeful-of-2nd-half-of-year/story/410512.html | Larsen & Toubro Chairman AM Naik and other board members of the IT firm have taken up to a 53 per cent pay cut in the wake of coronavirus pandemic. Naik himself has taken a 24.2 per cent pay cut, while CEO and managing director N Subrahmanyam took a pay cut of 43.9 per cent. Chief Financial Officer R Shankar Raman saw ... | the pay cuts have been taken voluntarily by executive directors. the company is putting in enormous efforts to mitigate the impact of the pandemic. the overall impact of the pandemic on the company's revenues has been pegged at Rs 1,800 crore. the company is uncertain of the timelines for when these projects will take ... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-12-things-that-will-decide-stock-action-on-tuesday/articleshow/75255734.cms |
India lockdown: Don't chase price performance in stocks, warns this D-Street veteran As domestic stocks perished in the tsunami of selloff after COVID-19 outbreak and the resultant lockdown made the near future look uncertain, Chennai-based investor Shyam Sekhar stayed calm and defensive. Or, at least that's what he ... | india's equity market started the week on a lacklustre note as investors assessed the implications of the easing of lockdown measures. rising cases and deaths from the novel coronavirus kept investor sentiment muted. the sebi extended its stricter rules meant to curb market volatility in light of the coronavirus pandem... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-fallout-services-sector-contracted-sharply-in-june-for-4th-straight-month/story/408780.html | India's crippled services industry, the lifeblood of economic growth and jobs, contracted sharply in June as an extended lockdown imposed to stop the spread of the coronavirus stalled business activity, a private sector survey showed. Although the pace of decline moderated from May - the Nikkei/IHS Markit Services Purc... | india's crippled services industry contracted sharply in June as extended lockdown stalled business activity. private sector survey shows pace of decline moderated from may - but remains a long way from 50-mark separating growth from contraction. a Reuters poll said 5.2% of the country's economy shrank last quarter. a ... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/lockdown-day-31-only-the-first-wave-so-far/articleshow/75350992.cms | One death in Kerala
778 new cases in Maharashtra, total now 6,427.
184 new cases in Madhya Pradesh, total up to 1,771.
62 new cases in Andhra Pradesh, total reaches 955.
44 new cases in Rajasthan, total now up to 2,008.
18 new cases in Karnataka, state’s count now 463.
Six new cases in Bihar bring the total up to... | Sensex falls 536 points at close, NIFTY barely above 9,000. 3,000 deaths in Brazil. 3,000 deaths in the u.s.. 3,000 deaths in Brazil. 3,000 deaths in. Indonesia. 3,000 deaths in Brazil. 3,000 deaths in. Brazil.'monopoly fears triggered by the Jio-Facebook deal are too real to ignore' | Negative |
https://www.financialexpress.com/industry/qualcomm-says-apple-is-7-billion-behind-in-royalty-payments/1363180/ | Qualcomm Inc. says its fight with Apple Inc. over how much the chipmaker can charge for essential patented technology used in iPhones and iPads is getting pricey.
“They’re trying to destroy our business,” Qualcomm lawyer Evan Chesler said at a hearing Friday in federal court in San Diego. “They’re now $7 billion dolla... | Qualcomm is battling apple over how much the chipmaker can charge for patented technology used in iPhones and iPads. the chipmaker is $7 billion behind in royalties, Qualcomm lawyer says. the tech giants' showdown has escalated into 100 legal proceedings around the world. apple argues that Qualcomm is using its intelle... | Negative |
https://www.financialexpress.com/investing-abroad/featured-stories/tech-leads-u-s-stock-rally-sends-nasdaq-to-high/2015665/ | Bloomberg: U.S. stocks jumped, with gains in tech shares pushing the Nasdaq Composite to a record high. The dollar fell for a fifth day and Treasuries dipped.
The S&P 500 Index posted its fifth-straight increase, its longest winning streak since December, as Amazon.com Inc. shares rose past $3,000 for the first time. ... | the dollar falls for a fifth day as investors keep a wary eye on the coronavirus pandemic. the dollar slid to the weakest since June 10 as risk-on sentiment sapped demand for havens. the dollar slid to the weakest since June 10. the u.s. dollar slid to the weakest since july 10. | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/fiscal-position-to-worsen-ahead-of-polls-report/articleshow/65428546.cms | Calling for a tight monetary and fiscal policy amidst global uncertainties and upcoming general elections, a foreign brokerage today warned of worsening fiscal position due to poll-related spending spree before next May when the new Parliament has to be instituted.It has projected the consolidated fiscal deficit for FY... | a foreign brokerage says the consolidated fiscal deficit is 6.5% of GDP. the deficit is 10 bps lower than the budgeted 5.9% for FY18. the risk of the centre breaching its fiscal deficit target is 20 bps, it says. emerging markets are running twin deficits are likely to face volatility and downside risks. a new parliame... | Negative |
https://www.moneycontrol.com/news/business/markets/worst-october-in-9-years-investors-lost-rs-6-lakh-crore-in-bse-cos-18-stocks-fell-20-60-3114591.html | October - the jinx month!
After witnessing a fall of nearly 1,800 points, or 4.93 percent, on the Sensex and 544 points on the Nifty50, investors must have taken a sigh of relief as it turned out to be the worst October since 2009.
The S&P BSE Sensex fell the most in 2008 when it dropped 25 percent in a single month,... | the Sensex fell 4.93 percent in October, the worst fall since 2009. the Sensex fell 25 percent in 2008, followed by 7.2 percent dip in 2009. a number of major sell-offs have occurred during the month. analysts advise investors not panic and use dips to accumulate quality stocks. a broader market is expected to recover ... | Negative |
http://www.moneycontrol.com/news/business/markets/indian-rupee-opens-higher-at-63-87-per-dollar-2509293.html | The Indian rupee opened marginally higher at 63.87 per dollar on Friday against previous close 63.91.
Bhaskar Panda of HDFC Bank said, "The dollar index suffered another fall soon after US CPI numbers which helped EM currencies gain."
"The USD-INR pair broke 64 on the downside yesterday and I expect the rupee appreci... | rupee opens marginally higher at 63.87 per dollar against previous close 63.91. dollar index suffered another fall soon after US CPI numbers. dollar weakened to trade near 3-year low levels due to rising treasury yields. u.s. dollar weakened to trade near 3-year low levels due to rising treasury yields. | Negative |
https://economictimes.indiatimes.com/news/economy/foreign-trade/rbis-announcement-for-exporter-welcome-but-problem-is-far-bigger-eepc/articleshow/75887752.cms | The RBI 's extension of time limit for pre and post-shipment export credit sanctioned by banks along with reduction of 40 basis points in the repo policy rate would ease exporters ' distress , but the problem is far greater, posing existential crisis for the export sector, said Engineering Export Promotion Council (EEP... | RBI has decided to increase maximum permissible period of pre and post-shipment export credit sanctioned by banks from one year to 15 months. this should ease pressure, but liquidity transmission along with reduction in interest rates should be effected swiftly by banks. the problem is far greater, posing existential c... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/chinas-traders-are-cashing-out-as-love-for-risky-assets-fades/articleshow/74944286.cms | Bloomberg
Investor credit at China ’s brokerages is disappearing at the fastest pace in 10 months as a bleak earnings outlook prompts the country’s investors to conserve cash.Borrowed money in stock accounts fell 3.5 per cent month-on-month in March to 1.1 trillion yuan ($148 billion), according to data compiled by... | stock turnover is down around 60 per cent from a February peak. some traders are switching to bonds and cash-like instruments instead. cracks in the market are appearing, with traders unconvinced that stimulus measures will be enough to boost domestic growth. yin Ming, vice president of Baptized Capital Co. in Shanghai... | Negative |
https://www.moneycontrol.com/news/technology/tiktok-to-take-donald-trump-government-to-court-for-not-following-due-process-before-ban-5743411.html | Chinese app TikTok is preparing to take the legal route against the Trump administration’s executive order prohibiting transactions with the popular short video app and its Chinese parent ByteDance.
US President Donald Trump signed an executive order on August 6 making it illegal for American companies to do any busin... | the short video app is preparing to take the legal route against the Trump administration’s executive order prohibiting transactions with the popular short video app. the move shows that byteDance is seeking to deploy all the legal ammunition at its disposal as it tries to prevent the TikTok deal negotiations from turn... | Negative |
https://economictimes.indiatimes.com/news/economy/policy/political-regulatory-pressure-on-corp-governance-impacting-risk-taking-by-firms-keki-mistry/articleshow/73153510.cms | MUMBAI: Company boards are operating under increased "political and regulatory" pressure to improve their governance standards, and the resultant risk averseness is a prime reason for the growth slowdown, HDFC's Chief Executive Keki Mistry said on Wednesday.The mortgage lender's executive said bankers are not taking le... | a u.s. bank executive says bankers are not taking lending decisions because of this risk averseness syndrome. he says this will hamper india's animal spirit unless there is a change. the government is allaying fears in the face of greater actions by agencies like cbi ed and SFIO. the CII will be leading a delegation to... | Negative |
https://economictimes.indiatimes.com/mf/analysis/mf-portfolio-doctor-singh-shouldnt-opt-for-dividend-plan-if-goal-is-long-term-wealth-creation/articleshow/76503215.cms | Investing in equity and hybrid funds for the past 10 years.
Has built sizeable corpus through disciplined investing.
Targets are ambitious but small hike in SIPs will help achieve all.
Holds too many funds. Needs to reduce the number.
Avoid buying thematic funds. Diversified funds are better.
Don’t go for dividend... | Investing in equity and hybrid funds for the past 10 years. Holds too many funds. Needs to reduce the number. Avoid investing in Ulips, including a child plan. SIPs will have to be hiked to reach goals. not many investors know whether they have invested in the right mutual funds. the Portfolio Doctor assesses the healt... | Negative |
https://economictimes.indiatimes.com/news/economy/finance/worlds-biggest-lockdown-may-have-cost-rs-7-8-lakh-crore-to-indian-economy/articleshow/75123004.cms | New Delhi: The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people,The world's biggest lockdown may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.With ... | lockdown may have cost the Indian economy Rs 7-8 lakh crore, analysts say. the lockdown will cost the country almost USD 4.64 billion every day. the country is expected to resume its normal operations on march 25. the lockdown is expected to cost the country about Rs 7-8 trillion. a total of 98 billion rupees will be l... | Negative |
https://www.businesstoday.in/current/world/global-factory-activity-plunges-as-coronavirus-shock-deepens/story/399878.html | Factories fell quiet across most of Europe and Asia in March as the coronavirus pandemic paralysed economic activity, with evidence mounting that the world is sliding into deep recession. Manufacturing activity has tumbled, purchasing managers' index (PMI) surveys showed on Wednesday, with sharp slowdowns in export pow... | manufacturing activity has tumbled across most of Europe and Asia in march. sharp slowdowns in export powerhouses like Germany and Japan overshadow modest improvement in china. the virus pandemic has infected more than 850,000 people around the globe. u.s. consumer confidence has dropped to a near three-year low. a rec... | Negative |
https://www.moneycontrol.com/news/trade-2/trade-how-the-deadlock-in-the-wto-appellate-body-affects-india-4733711.html | Arpita Mukherjee
India has been a major proponent of the multilateral trading system and has batted for the Doha Round to be a Development Round. However, with the slow progress of the Doha Round, countries are rolling back unilateral liberalisation and ignoring their own WTO commitments, resulting in a sudden surge i... | the US has been blocking the appointments and reappointments of the judges for over a year-and-a-half. the implication of the appellate body crisis is an immediate break-down of the two-tier dispute settlement mechanism. without a functioning appellate body, it will be difficult if not impossible to retain the sanctity... | Negative |
https://www.businesstoday.in/latest/trends/coronavirus-amitabh-kant-led-panel-meets-world-bank-un-adb-to-strategise-indias-response/story/399684.html | An empowered panel led by Niti Aayog Chief Executive Amitabh Kant met representatives of the World Bank, Asian Development Bank, UNICEF, United Nations Development Programme (UNDP) on Monday to strategise on India's response to the coronavirus spread. The panel met these organisations to look into ways they could best ... | the panel met with representatives of the world bank, Asian Development Bank, UNICEF and UNDP. the panel will adapt the strategy depending on how the spread unfolds in the coming days. on Monday, India reported the biggest spike in coronavirus cases. the coronavirus death toll in the country has reached 32. NGOs have b... | Negative |
https://www.financialexpress.com/market/share-market-live-updates-bse-sensex-today-nifty-yes-bank-crude-oil-g20-meet-tata-motors-jlr-rupee-vodafone-idea-ril-30-november-2018-friday/1398820/ | Share market LIVE today: Sensex and Nifty — the benchmark indices of the domestic equity markets — gave up their morning gains to end Friday’s trade marginally higher. The BSE Sensex, which surged over 200 points to a high of 36,389.22 points in the morning hours, closed trade 23.89 points or 0.07% higher at 36,194.30 ... | the broader markets outperformed the benchmark indices, with the BSE midcap index closing with 0.56% and the small index with 0.52% gains. Among stocks, Vodafone Idea shares slumped over 6% in trade today after ratings agency CRISIL downgraded the ratings of its debt instruments. meanwhile, a soaring gdp in the u.s. an... | Negative |
https://www.livemint.com/Money/1JFN1lpbcT7fzChpte414I/Threat-to-profit-margins-and-earnings-from-higher-crude-oil.html | Brent crude oil prices flirting with $80 a barrel cannot be taken lightly. Among other macro worries such as a rising import bill and higher inflation, there is a threat to operating profit margins of companies that use oil, oil-based derivatives or fuel as inputs.
Oil refiners, airlines, paint makers, lubricants manu... | oil refiners, airlines, paint makers, lubricants manufacturers and firms that make tyres and fast-moving consumer goods (FMCG) are expected to bear the brunt of rising oil prices. main impact will be on packaging costs. some firms are better placed than others, as they enjoy better pricing power. a lag effect in rising... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-scare-foreign-tourist-arrivals-hit-record-low-in-february/story/399590.html | The devastating impact of coronavirus on tourism sector can be gauged with the foreign tourist arrivals data. In February 2020, 1.01 million foreign tourists arrived in India compared to 1.08 million in February 2019, registering a year-on-year (y-o-y) de-growth of -6.6 per cent. This was the sharpest decline since 201... | india recorded a year-on-year (y-o-y) de-growth of -6.6 per cent in February 2020. this was the sharpest decline since 2015 and also the first in the month of February. in January it grew 1.3 per cent on a y-o-y basis. in the month-on-month (m-o-m) basis, tourists' arrivals in February fell 9.2 per cent compared to 8.9... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/sgx-nifty-down-30-points-heres-what-changed-for-market-while-you-were-sleeping/articleshow/75881713.cms |
NEW DELHI: A scheduled RBI media briefing, quarterly earnings and global market jitters over US-China tensions over Beijing's plan to impose a national security law on Hong Kong will influence investor sentiment on Dalal Street on Friday.Here’s breaking down the pre-market actions.Nifty futures on the Singapore Exch... | nifty futures on the Singapore Exchange traded 34.20 points, or 0.38 per cent lower at 9,032. nifty50 reclaimed the 9,100 level, but formed a bearish candle on the daily chart that resembled a 'Shooting Star' pattern. nifty50 is facing strong resistance near 20- and 50-day moving averages. | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/market-now-over-30-stocks-buck-the-bearish-mood-of-market-hit-fresh-52-week-highs/articleshow/63906186.cms | NEW DELHI: Bucking the prevailing bearish trend in market, over 30 stocks including Cyient, Gravita India and Indiabulls Ventures hit fresh 52-week highs on NSE during the first half of trade on Wednesday.Jamna Auto Industries, Mahindra & Mahindra, Mindtree Orient Press , Teamlease Services, TVS Electronics and Zydus W... | over 30 stocks hit fresh 52-week highs on NSE during first half of trade. equity markets in the red following weakness in the global equities. the Nifty index was trading 22 points down at 10,593. the Sensex was down 57 points at 34,560 around 10:35 am (IST). ONGC, ONGC, NTPC, Cipla and Hindalco Industries were among t... | Negative |
https://www.financialexpress.com/industry/unilever-withdraws-2020-guidance-hindustan-unilever-may-get-hit-too/1938010/ | Unilever Plc on Thursday withdrew its full-year growth guidance for 2020 in the wake of Covid and subsequent lockdowns in China and India, signalling that Hindustan Unilever’s performance too may be impacted. Unilever, which announced results for January-March, said sales were flat because of the unprecedented impact o... | unilever has withdrawn its full-year growth guidance for 2020. the company said sales were flat because of the unprecedented impact of covid-19. the negative commentary hit HUL shares, which closed down 2.97% at Rs 2,315.85 on the BSE. the company has been doing well as the consumer staples sector is considered to be m... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/lockdown-extension-likely-to-trigger-selloff-in-indian-stocks-chris-wood/articleshow/75118014.cms | NEW DELHI: Market veteran Christopher Wood, best known for his weekly "Greed & Fear" newsletter, warned that any extension to the ongoing lockdown would trigger another round of selloff in domestic equity market.In an interview to ET NOW on Monday, Wood said, “India is ideally coming to an end of a three-week lockdown.... | there is a trade off between the healthcare and the economy', says market veteran. he says he would be surprised if equities do not retest recent lows again. he said any announcement on drug or vaccine will be a huge positive. domestic indices have fallen 25 per cent since February 1. he said he sees a strong buying op... | Negative |
https://economictimes.indiatimes.com/industry/banking/finance/economy-saw-growth-rebound-through-q2fy21-nomura/articleshow/78890605.cms | The Indian economy rebounded in the second quarter with gross domestic product likely to have shrunk 10.4% compared with a contraction of 23.9% in the previous quarter, according to Nomura.The Japanese brokerage firm retained its forecast for a 10.8% contraction in FY21. The Nomura Monthly Activity Indicator , which ta... | the economy rebounded in the second quarter with gross domestic product likely to have shrunk 10.4% compared with a contraction of 23.9% in the previous quarter. the Japanese brokerage firm retained its forecast for a 10.8% contraction in FY21. the pickup in indicators could signal a ‘faux recovery’ limited to festive ... | Negative |
https://www.financialexpress.com/market/share-market-today-live-updates-sensex-nifty-rupee-vs-dollar-msme-nbfc-nirmala-sitharaman-real-estate-power-discom-un-cuts-india-growth-rate-coronavirus-may-14-thursday/1958407/ | Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over 2.5 per cent lower on Thursday mainly dragged by financials and IT stocks. The 30-share Sensex plunged 885 points or 2.77 per cent to end at 31,123, while the broader Nifty 50 index decline... | Sensex plunges 885 points or 2.77 per cent to end at 31,123. broader Nifty 50 index declines 241 points or 2.57 per cent to close at 9,142. tech Mahindra and Infosys were the top Sensex laggards, down 5.26 per cent and 5.10 per cent. all the sectoral indices finished trade in deep sea of red. | Negative |
https://www.livemint.com/Money/ZgINuDSCgi5Mhadyi1YpqN/Govt-asks-RBI-to-ramp-up-efforts-to-soften-rupee-drop.html | Mumbai: The Indian government has asked the central bank to bolster efforts to support the rupee, Asia’s worst-performing currency of the past month, people familiar with the matter said.
Government officials communicated last week with the Reserve Bank of India (RBI) on the need to intervene more aggressively in the ... | rupee has sunk 11.6% so far this year versus the US dollar. it is set for its worst annual performance since 2011. rupee has hit fresh lows nearly every day this month. high crude prices raise concerns about the oil-importing nation's finances. the rupee hit another record on Monday after data showed that the south Asi... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/will-modis-bjp-remain-atal-in-ajay-bharat-fuel-protests-raise-doubt/articleshow/65753034.cms | NEW DELHI: The battle-lines have been drawn for the 2019 general elections.A day after Prime Minister Narendra Modi unveiled BJP’s slogan for 2019 ‘ Ajay Bharat Atal BJP ,’ some 20 opposition parties came together to support the Congress’ call for ‘ Bharat Bandh ’ over fuel price rise and a rupee crash.Within the oppos... | a spike in petrol and diesel prices has hit consumer pockets. a spike in job creation and slow job creation could hurt BJP. a soaring rupee could also hurt BJP's bid for a second term. a soaring rupee could also hurt a shaky election. a shaky election could also hurt a shaky election. | Negative |
https://www.moneycontrol.com/news/business/markets/market-headstart-coronavirus-fears-weigh-on-street-nifty-may-find-support-at-12088-4865441.html | Indian market is expected to trade lower on Tuesday tracking muted trend seen in other Asian markets. The Nifty50 after the gap-down opening on Monday broke below 12200, and 12149 levels and is likely to find support near 12088 levels which is the 50-days EMA.
Trends on SGX Nifty indicate a negative opening for the in... | the nifty50 is likely to find support near 12088 levels which is the 50-days EMA. trend on SGX Nifty indicate a negative opening for the index in india. the rupee declined by 10 paise to settle at 71.43 against the us dollar. as many as 65 companies on the BSE are expected to sell. | Negative |
https://www.moneycontrol.com/news/business/markets/wall-street-ends-higher-to-stem-coronavirus-selloff-5053041.html | US stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.
Nasdaq outperformed other major indexes, ending 2.3% higher, fuelled by gains in Amazon.com , Microso... | the u.s. central bank has opened swap lines with nine new countries. the european central bank pledged to buy 750 billion euros in sovereign debt. the u.s. has a median 80% chance of a recession this year. the u.s. stock market is up 2.3% on the week. a Reuters poll gave a median 80% chance of a recession this year. | Negative |
https://www.financialexpress.com/market/pound-at-week-high-dollar-sinks-as-risk-on-mood-cautiously-holds/1696669/ | The British pound hovered around a one-week high on Thursday as another parliamentary defeat for Prime Minister Boris Johnson made investors optimistic that a no-deal Brexit could be avoided, while a broader risk-on mood held back the dollar.
The dollar fell against most major currencies, though gained on the safe-hav... | dollar falls against most major currencies, though gains on safe-haven yen. pound is at $1.2242, its best day against the dollar in more than five months. euro also climbed 0.6% to $1.1033, dollar hit a one-week low of 98.390. parliamentary vote to prevent Johnson from taking Britain out of the eu. | Negative |
https://www.businesstoday.in/current/economy-politics/india-amid-significant-economic-slowdown-urgent-policy-actions-needed-imf/story/392523.html | India is now in the midst of a significant economic slowdown, the International Monetary Fund has said, urging the government to take urgent policy actions to address the current prolonged downturn.
In its report released Monday, the IMF Directors noted that India's rapid economic expansion in recent years has lifted ... | india is now in the midst of a significant economic slowdown, the IMF says. the report says the slowdown is mostly cyclical, not structural. the report says the government should take urgent policy actions. the report says the slowdown is a result of a combination of factors. a new government is expected to take a toug... | Negative |
https://economictimes.indiatimes.com/markets/expert-view/another-10-15-downside-in-midcaps-cant-be-ruled-out-neeraj-dewan-quantum-securities/articleshow/64449494.cms | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Operations Officer Programme Visit IIM Kozhikode IIMK Chief Product Officer Programme Visit Indian School of Business ISB Chief Technology Officer Visit
, Director,explains to ET Now that in the good quality... | froth was building up in the midcaps and smallcaps in march. now, everyone is talking about running towards safety, running towards largecaps. a large portion of the midcaps are now selling, says advani khan. khan: "there is a lot of upside left in good quality midcap stocks" | 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.moneycontrol.com/news/business/real-estate/gurugram-mumbai-lead-in-new-housing-launches-in-q3-anarock-4552821.html | As voters in Maharashtra and Haryana head to the polls on October 21, here’s a look at how the property markets have fared of late in the two states.
Total sales
Of the total 17,180 units sold in the entire Mumbai Metropolitan Region (MMR) in the third quarter of 2019, Mumbai witnessed housing sales of 11,630 units, ... | Mumbai saw housing sales of 11,630 units, or over 68 percent share of units sold for the entire region. Mumbai witnessed new supply of 9,390 units, comprising 67 percent share, followed by Navi Mumbai, which saw the launch of 2,430 new units (17 percent share) and Thane, which saw 2,220 units launched during the period... | 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/india/fpis-remain-in-selloff-mode-pull-out-rs-15403-cr-in-april-5215981.html | Continuing their selling spree for the second straight month, foreign portfolio investors (FPIs) withdrew a net Rs 15,403 crore from the Indian capital markets in April amid the coronavirus crisis. As per the depositories data, FPIs pulled out a net sum of Rs 6,884 crore from equities and a net Rs 8,519 crore from the ... | foreign portfolio investors (FPIs) withdrew a net Rs 15,403 crore from the Indian capital markets. the net outflow was a record Rs 1.1 lakh crore on a net basis in march. investors are being cautious, keeping their reserves in the US dollar. the coronavirus crisis has prompted investors to sell their shares in the coun... | Negative |
https://www.moneycontrol.com/news/business/economy/bank-lending-targets-under-rs-20-lakh-crore-stimulus-unfeasible-former-rbi-deputy-governor-gandhi-5343891.html | Former RBI Deputy Governor R Gandhi has expressed doubt over the efficacy of the government's stimulus package, terming the aim of Rs 7.9 lakh crore-uptick in lending to small businesses, agriculture and power discoms as not "feasible".
On Monday, PTI erroneously reported that Gandhi was a former RBI Governor.
Speaki... | former RBI Deputy Governor R Gandhi has expressed doubt over the efficacy of the stimulus package. he said the aim of Rs 7.9 lakh crore-uptick in lending to small businesses, agriculture and power discoms is not "feasible" a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infectio... | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/indias-growth-in-next-2-quarters-wont-be-over-3-per-cent-pronab-sen/articleshow/74830382.cms | New Delhi: Former chief statistician Pronab Sen on Thursday said the country's growth in the next two quarters will not be more than 3 per cent due to the lockdown across the country. In an interview with , Sen further said that due to the ongoing 21-day shutdown, there may be a reduction of about Rs 5 lakh crore in gr... | ex-statistician pronab Sen says growth in next two quarters will not be more than 3%. he says there may be a reduction of about Rs 5 lakh crore in GDP over 21-day lockdown. he says fiscal stimulus is not going to help growth because problem is now a supply-side problem. the lockdown is expected to last until november 2... | Negative |
https://www.financialexpress.com/industry/banking-finance/axis-bank-q4-net-loss-at-rs-1388-crore/1942475/ | Axis Bank on Tuesday reported a standalone net loss of Rs 1,387.78 crore for March quarter of 2019-20 as provisioning for bad loans and contingencies soared. The private sector lender had reported a net profit of Rs? 1,505.06 crore in the same quarter of the previous financial year.
Income during the latest quarter st... | private sector lender had reported a net profit of Rs? 1,505.06 crore in the same quarter of the previous financial year. provisioning for bad loans and contingencies in the fourth quarter of the last fiscal were at Rs 7,730.02 crore. on consolidated basis also posted a net loss of Rs 1,250.09 crore during the quarter ... | 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/politics/mamata-banerjee-urges-centre-to-give-rs-10000-each-to-migrant-workers-5353061.html | West Bengal Chief Minister Mamata Banerjee on Wednesday appealed to the Centre to give one-time assistance of Rs 10,000 each to migrant workers amid the COVID-19 crisis.
In a tweet, she said financial aid should also be provided to those engaged in the unorganised sector to help them cope with the ongoing economic cri... | west Bengal chief minister urges the government to give one-time assistance of Rs 10,000 each. she suggests a portion of the prime minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES) could be used. the country's economy headed towards its first annual contraction in several decades. the gov... | Negative |
https://economictimes.indiatimes.com/markets/commodities/news/will-crudes-slump-end-heres-where-you-can-look-for-clues/articleshow/66623917.cms | Bloomberg
Bloomberg
Bloomberg
Bloomberg
Bloomberg
Oil’s record losing streak has plunged prices into a bear market and is reverberating around the globe, with the mayhem rattling everyone from bond traders to political leaders and fund managers.As they seek answers for what’s in store for prices, they may do well ... | oil's record losing streak has plunged prices into a bear market. the dollar rose this week to the strongest level in 18 months against a basket of foreign currencies. the probability of a December hike is hovering around 75 percent. the dollar could get even more support next month if the u.s. federal reserve raises i... | Negative |
https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/vc-funding-slips-to-2-2-billion-in-q1-as-investors-tread-warily/articleshow/75419328.cms | New Delhi: Venture capital investments in Indian startups plunged to $2.2 billion in the first quarter of calendar year 2020, hit hard by a combination of global macroeconomic uncertainty and the ongoing Covid-19 pandemic, according to the latest edition of KPMG ’s Venture Pulse report.This compares with the $6 billion... | VC investments in india plunged to $2.2 billion in the first quarter of 2020. this compares with the $6 billion pumped in by VC investors into Asia's third-largest economy in the October-November quarter of 2019. the previous calendar year saw a record-breaking $14.5 billion inflow into india, spread over 909 deals. in... | Negative |
https://economictimes.indiatimes.com/markets/stocks/earnings/united-breweries-q4-results-net-profit-declines-39-35-to-rs-41-19-crore/articleshow/76579978.cms | Bengaluru: United Breweries Ltd ( UBL ) on Wednesday reported net profit decline of 39.35% at Rs 41.19 crore for the quarter ended March, mainly due to Covid-19 led disruption intensified by overall consumption slowdown, policy changes in Andhra Pradesh and input cost increase.The maker of Kingfisher reported a 10.65% ... | Kingfisher reported a 10.65% drop in net sales in the second quarter. brewer said price increase in markets of Karnataka, Maharashtra, Rajasthan and goa helped offset increased input prices of barley and new glass bottles. in the fourth quarter, gross margin increased marginally due to higher sales of premium products ... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-crisis-hsbc-report-warns-54-drop-in-gva-fiscal-deficit-hitting-10/story/401804.html | HSBC Global Search in its latest report has said a month of lockdown could cost India 5.4 per cent of gross value added (GVA). GVA is value of the total output, excluding intermediate consumption. The report said 50 per cent of the economy would be impacted due to a partial lockdown in contrast to 65 per cent in case o... | HSBC Global Search says a month of lockdown could cost india 5.4% of gross value added. report: 50 per cent of the economy would be impacted due to partial lockdown. government could launch large open market operation purchases and corporate bonds. report: future stimulus could come in form of "more of what has already... | Negative |
https://www.moneycontrol.com/news/business/economy/lot-will-depend-on-how-india-exits-from-lockdown-kaushik-basu-5264001.html | India took the right call by announcing a prompt lockdown in March in the wake of the COVID-19 pandemic, but a lot will depend on how the country makes an exit from it as the landscape of the global economy will change by then, former chief economic advisor Kaushik Basu said on Wednesday.
The basic issues at present a... | a quick lockdown was called for in march after the pandemic. but a lot will depend on how the country exits from the lockdown, he says. extending tax benefits might not be enough as the poor need direct support. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end ... | Negative |
https://www.financialexpress.com/market/rupee-drops-28p-to-69-71-on-heavy-fpi-outflows/1572733/ | By Shashank Nayar
The rupee on Wednesday closed at 69.71 against the US dollar, a fall of 28 paise, or 0.41%, over the previous close of 69.43 on Thursday. The currency closed at the lowest levels against the greenback since April 26 – nearly a two-week low after hitting an intra-day low of 69.73. It was not clear whe... | rupee closed at 69.71 against the dollar, a fall of 28 paise, or 0.41%, over the previous close of 69.43 on Thursday. it was not clear whether the Reserve Bank of India (RBI) had intervened in the market. dealers attributed the fall primarily to heavy outflows by foreign portfolio investors (FPIs) from the debt market. | Negative |
https://www.businesstoday.in/current/economy-politics/home-minister-amit-shah-to-meet-farmers-at-7pm-for-another-round-of-talks/story/424246.html | Home Minister Amit Shah has called protesting farmers for yet another round of talks this evening. The invite was extended during the nationwide Bharat bandh called by farmers in protest against the three new farm laws. Road and rail traffic have been impacted due to the nationwide strike that led to blocking of highwa... | invite extended during nationwide Bharat bandh called by farmers in protest against three new farm laws. road and rail traffic have been impacted due to nationwide strike that led to blocking of highways and shutting of markets. farmer leader says he received a phone call from Amit Shah who called the meeting. he says ... | Negative |
https://www.moneycontrol.com/news/business/markets/bse-nse-put-in-place-additional-surveillance-measures-for-stocks-2631691.html | Leading stock exchanges BSE and NSE have put in place a new framework to shortlist and review stocks under enhanced surveillance measures. Under the new guidelines, public sector enterprises and public sector banks will be excluded from the process of shortlisting of securities under additional surveillance measures (A... | leading stock exchanges have put in place a new framework to shortlist and review stocks. public sector enterprises and public sector banks will be excluded from the process. move comes within a month of markets regulator sebi initiating a probe into alleged leaks. the 37 companies to be included in additional surveill... | Negative |
https://www.moneycontrol.com/news/business/indian-state-refiners-reduce-oil-processing-runs-as-demand-tumbles-5069011.html | live bse live
nse live Volume Todays L/H More ×
India's state oil refiners are reducing crude processing as local fuel demand has tumbled due to lockdowns in much of the country that are aimed at halting the spread of coronavirus, industry and company officials said.
Asia's third largest economy with 1.4 billion peo... | india's state oil refiners are reducing crude processing as local fuel demand tumbles. the lockdowns are aimed at halting the spread of coronavirus. the government has halted domestic flights and most train and metro services. declining consumption is forcing refiners to reduce the amount of crude they process. if cons... | Negative |
https://www.moneycontrol.com/news/business/economy/sp-cuts-india-gdp-growth-forecast-for-fy21-to-5-2-per-cent-5061911.html | S&P Global Ratings on Monday cut its estimate for India's GDP growth in the fiscal starting April 1 to 5.2 percent from its earlier estimate of 6.5 percent, as it saw the outbreak of coronavirus costing economies around the globe.
It put "the total and permanent income loss for Asia-Pacific from COVID-19 at approximat... | S&P Global Ratings cuts its estimate for India's GDP growth to 5.2 percent. it puts the total and permanent income loss for Asia-Pacific from COVID-19 at approximately USD 620 billion. the agency estimates a 5.2 percent growth in 2020-21 (April 2020 to March 2021) it projects a 6.9 percent growth in the following year. | Negative |
https://www.financialexpress.com/market/italian-political-crisis-dents-currency-euro-dives-to-10-month-low-vs-us-dollar-italy-fears-euro-exit/1186256/ | The euro was buried near multi-month lows against major rivals on Wednesday as Italy’s political crisis deepened, raising the likelihood of an early election that some market players fear could lead to a eurosceptic government in Rome. Sources close to some of Italy’s main parties said there was now a chance that Presi... | euro buried near multi-month lows against major rivals as political crisis deepens. euro slipped to a 10-month low of $1.1510, on Tuesday, and last stood at $1.1542. it has fallen 4.5 percent so far this month. the 10-year italian government bond yield jumped to 3.19 percent as bond prices fell. | Negative |
https://www.moneycontrol.com/news/economy/policy/yes-bank-crisis-fm-nirmala-sitharaman-assures-depositors-5010101.html | live bse live
nse live Volume Todays L/H More ×
Finance Minister Nirmala Sitharaman on March 6 assured YES Bank customers about the safety of their deposits.
"I am constantly in contact with the RBI (Reserve Bank of India) and the steps being taken are in the interest of depositors, bank and the economy," she said.
... | yes bank customers assured about the safety of their deposits. RBI on march 5 superseding the board of troubled private sector lender. withdrawals from the bank have been capped at Rs 50,000 per depositor. yes bank has been grappling with mounting bad loans and has been struggling to raise fresh capital. a moratorium o... | Negative |
https://economictimes.indiatimes.com/news/international/business/australia-heading-for-recession-after-economy-contracts/articleshow/76170186.cms | Sydney: Australia is heading for its first recession in nearly three decades after the economy shrunk in the January-March quarter, with a "far more severe" reading expected in the next three months as the effects of the virus shutdown bite.The 0.3 percent contraction was the first quarterly drop since 2009 during the ... | the economy shrunk by 0.3 percent in the first quarter of the year. the contraction is the first since 2009 during the global financial crisis. the economic impact will be severe, with a "far more severe" reading expected. the government has urged rent deferrals and wage cuts to help restore the economy. the government... | Negative |
https://www.businesstoday.in/current/economy-politics/oecd-warns-indian-economy-can-contract-73-in-fy21-if-theres-second-wave-of-coronavirus/story/406541.html | The Organisation for Economic Co-operation and Development (OECD) has said that India's economy may contract by as much as 7.3 per cent in FY21 in case of a second coronavirus outbreak by year end. Otherwise, the economy is expected to shrink at 3.7 per cent, the intergovernmental economic organisation said in its late... | OECD says india's economy may contract by 7.3% in case of second coronavirus outbreak. otherwise, the economy is expected to shrink at 3.7%, the intergovernmental economic organisation said. OECD had projected the GDP to grow at 5.1% earlier in march. the government's fiscal deficit is likely to stand between 8.2% and ... | Negative |
https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/indian-hotels-lost-rs-8000-crore-in-revenues-between-march-to-june-str-horwath-htl-report/articleshow/78143037.cms | NEW DELHI: Indian chain affiliated hotels lost a staggering Rs 8,000 crore in revenues between March to June this year and these losses could increase by 180% to 200% if independent hotels are included, as per STR Horwath HTL's H1 2020 India Hotel Market Review report.As per the report, the revenue loss estimates are b... | a total of 8,000 crore in revenues were lost between march and June this year. the losses could increase by 180% to 200% if independent hotels are included. occupancies were at 38.3% in H1 2020, compared to 66.4% in H1 2019. a total of 89,000 rooms per day were sold in march and April 2019. | Negative |
https://www.financialexpress.com/money/best-investment-options-in-a-crashing-stock-market/1906402/ | The growth of the Indian economy has slowed down over the last two years. The Sino-American trade war, a slowdown in the global economy, falling rupee, some economic and monetary policy decisions have had a direct bearing on the Indian economy and markets. The government and the Reserve Bank of India (RBI) have taken s... | the growth of the Indian economy has slowed down over the last two years. the latest pandemic has caused the Indian benchmark indices to collapse record levels. a sanjay gupta: the current market condition is temporary. gupta: if the pandemic is contained, the markets will pick up in the coming days. | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/gdp-contraction-in-q2-likely-to-have-slowed-to-12-recovery-will-be-patchy-say-economists/articleshow/78356230.cms | NEW DELHI: India's economy may have contracted at a slower pace in the September quarter compared with the preceding three-month period, said economists surveyed by ET, pegging it a median 11.95%. They warned that the recovery will be patchy and uncertain though the worst may be over.They called for a strong fiscal pac... | india's economy may have contracted at a slower pace in the September quarter. economists warn that the recovery will be patchy and uncertain. high Covid-19 cases and localised lockdowns are dampening demand. the country is on course for the first full-year contraction of GDP in over four decades. a catch-up in industr... | Negative |
https://www.businesstoday.in/sectors/energy/coronavirus-impact-oil-demand-to-fall-in-2020-first-time-since-2009/story/397901.html | The outbreak of Coronavirus in China and the subsequent spread across the world is likely to result in a fall in demand for global oil consumption this year, the International Energy Agency said on Monday. This would be the first time since 2009 that oil consumption would have declined in a year.
The IEA, which releas... | IEA predicts global oil demand will fall by 99.9 million barrels a day in 2020. this is down around 90,000 barrels a day from the forecast made last month. the 'coronavirus crisis' is affecting a wide range of energy markets. the virus is spreading to other parts of the world. if global measures fail to contain the vir... | Negative |
https://www.financialexpress.com/market/commodities/a-barrel-of-crude-oil-cheaper-than-a-bottle-of-coke-but-india-has-nothing-to-cheer/1934908/ | The coronavirus pandemic has acted as a catalyst for jaw-dropping movements in global financial markets, however, nothing can be compared with the mammoth fall in the WTI crude oil price on Monday. The West Texas Intermediate (WTI) Crude, produced by the United States, on Monday saw its futures contracts for May tank w... | the west Texas Intermediate (WTI) Crude, produced by the United States, on Monday saw its futures contracts for may tank way below zero to negative $40.32 a barrel. the fall trumped the previous low witnessed in 1946, just after world war ii. the price of Brent crude is influenced by the decisions taken by the oil cart... | Negative |
https://www.financialexpress.com/auto/industry/negative-china-sentiment-fdi-rules-hit-chinese-auto-companies-plans-for-india-great-wall-motors-changan-automobile-tata-motors-hero-motocorp/1982482/ | As the sentiment against Chinese companies and products continues to grow in India and around the world due to the Coronavirus pandemic we explain the newfound challenges being faced by Chinese auto companies in India. In addition, we explain why moving the supply chain from China to India is far tougher than it sounds... | the world is furious with china over the COVID-19 pandemic. but for India, it's not just the pandemic. border tensions between India and China have escalated in ladakh. many countries including the likes of Japan, India and the us have undertaken a slew of anti-China measures. the latest to go back to the drawing board... | Negative |
https://economictimes.indiatimes.com/news/international/business/uk-borrowing-exceeds-forecasts-debt-highest-since-1960/articleshow/78783809.cms | MORE STORIES FOR YOU ✕ Brexit brinkmanship: UK tells EU door still open for deal Pandemic speeds labour shift from humans to robots, WEF survey finds « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT
LONDON: Britain’s gove... | public sector net borrowing totalled 36.101 billion pounds last month. figure above 33.550 billion pounds forecast in a Reuters poll. consumer price inflation in September rose to 0.5% from 0.2% in august. borrowing is on course to reach a record 372 billion pounds this financial year. uk's debt rose further above the ... | Negative |
https://www.businesstoday.in/latest/trends/coronavirus-impact-indias-fuel-demand-to-shrink-115-in-2020-says-fitch/story/416526.html | Fitch Solutions has revised downward its forecast for fuel demand contraction in India to 11.5 per cent in 2020 in line with further deterioration in the country's economic outlook.
Its economists forecast India's real GDP to contract by 8.6 per cent in the fiscal year 2020-21 (April 2020 to March 2021), down from -4.... | Fitch Solutions has revised downward its fuel demand forecast for 2020. it forecasts a 5 per cent year-on-year growth in 2021 and 2022. domestic COVID-19 outbreak shows no signs of abating. a nationwide lockdown lifted on may 31 dragged domestic demand down. a u.s. government shutdown has slowed demand for fuels. | 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/stocks/q3-earnings-mixed-so-far-brokerages-maintain-buy-on-10-stocks-with-9-23-upside-4856001.html | live bse live
nse live Volume Todays L/H More ×
After hitting new records, profit booking dragged benchmark indices from the highs. But buying in the last couple of sessions, helped recover some of the week's losses.
Mixed set of earnings from India Inc. and selling seen in the international markets on outbreak of t... | Sensex and nifty hit new all-time highs last week. Sensex lost 332.18 points (-0.79 percent) to end at 41,613.19. nifty shed 104.05 points (-0.80 percent) to end at 12,248.3. Sensex topped all-time high of 42,273.87, while nifty hit record high of 12,430.50. | Negative |
https://www.financialexpress.com/defence/beyond-trade-chinas-growing-intimacy-with-latin-america-the-caribbean/1925751/ | By Syed Ali
China has emerged as the biggest investor and the second-biggest trading partner in the Latin American and Caribbean (LAC) region. China’s bilateral trade with LAC in 2018 was US$ 308 billionwith a high growth rate of 18.9 percent. Compared to this, the US trade with LAC in 2018 was more than double of Chi... | trade between the LAC and China has raised concerns in the US. more worrying for the US is China’s growing ‘soft power’ influence in the LAC region. major Chinese imports from the region in 2018 were primarily natural resources. major exports to the region include electrical machinery and equipment. 90 percent of this ... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/sensex-tumbles-886-pts-as-fms-stimulus-round-i-disappoints-powells-comments-weigh/articleshow/75737053.cms |
The 30-share Sensex closed 2.77 per cent or 886 points lower at 31,123, while the 50-share Nifty declined 2.57 per cent or 241 points to close at 9,143.
The bears returned to Street after Wednesday's rally, with declining shares outnumbering advancing ones in the ratio of 1.4:1 on the BSE.
The fall was less steep fo... | the 30-share Sensex closed 2.77 per cent or 886 points lower at 31,123. the 50-share Nifty declined 2.57 per cent or 241 points to close at 9,143. the fall was less steep for the broader market. tech Mahindra and Infosys were top losers in the pack. ICICI bank and reliance industries were also among the biggest losers. | Negative |
https://economictimes.indiatimes.com/news/international/business/china-still-has-a-treasure-chest-of-overseas-real-estate-to-sell/articleshow/67225578.cms | WhatsAppening? Telcos Call Out Tech Cos over Biz SMSes An industry grouping representing India’s top three telcos has accused global consumer-technology majors, such as Microsoft and Amazon, of “presumably circumventing and bypassing the legal telecom route” by using WhatsApp and other unregulated platforms to send ent... | telcos accuse tech giants of using unregulated platforms to send messages. government asks apple to join probe into alleged state-sponsored hacking bid. government asks apple to join probe into alleged hacking bids. telcos say they are causing 3,000-crore annual revenue loss. telcos say they are 'circumventing and bypa... | Negative |
https://www.moneycontrol.com/news/business/real-estate/no-real-respite-for-real-estate-in-budget-2020-4958911.html | Representative image
Shishir Baijal
The residential real estate segment has been in the midst of a downturn since 2012 when unaffordable prices and endemic credibility issues of developers caused a steady decline in demand. The Union Budget of 2020 was expected to introduce significant measures to boost homebuyer dem... | the residential real estate segment has been in the midst of a downturn since 2012. the budget falls short of industry expectations, with no major announcement for accelerating growth. lowering of income tax rates with removal of exemptions, may provide limited boost to consumption. the government spoke about enhancing... | Negative |
https://www.financialexpress.com/industry/banking-finance/yes-bank-shares-nosedive-7-after-rbi-defers-three-year-term-extension-for-rana-kapoor-as-ceo/1298425/ | Shares of India’s Yes Bank Ltd. plunged after the central bank deferred approving another three-year term for Chief Executive Officer Rana Kapoor, while allowing him helm the bank for the time being. Kapoor has received the Reserve Bank of India’s approval to continue as managing director and CEO of the Mumbai-based le... | shares of yes bank plunge as much as 7.1 percent after the central bank deferred approving a three-year term for CEO Rana Kapoor. the 14-year-old bank had courted controversy for its bad-loan divergence. the bank has argued that the impact of the divergence on the bank’s results has been small. | Negative |
https://www.financialexpress.com/market/sensex-nifty-fail-to-hold-intraday-recovery-amid-volatility-check-what-dragged-the-markets-today/1994639/ | BSE Sensex and Nifty 50 failed to hold intraday recovery amid India-China border tensions in Wednesday’s volatile session. Sensex plunged 430 points from day’s high to end at 33,508, while the Nifty 50 index gave up the crucial 9,900-mark and settled at 9,881. Apart from this, a sharp spike in coronavirus cases in Indi... | Sensex plunged 430 points from day's high to end at 33,508. the Nifty 50 index gave up the crucial 9,900-mark and settled at 9,881. a sharp spike in coronavirus cases in india also swayed investor sentiment. FIIs have also been net sellers in equity this week which have impacted the markets. | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/investors-likely-to-roll-over-50-of-nbfc-papers/articleshow/66505549.cms | Even as Rs 1 lakh crore worth of commercial papers (CPs) sold by non-banking finance companies (NBFCs) will see redemption this month, mutual funds and investors are willing to roll nearly half of these securities over amid tentative signs of stability returning to the money market. With easing regulatory measures, the... | NBFCs face a liquidity squeeze of late. a month ago, IL&FS defaulted on repayments. NBFCs and housing finance companies own 42% of CPs. a spokesman for NBFCs says it is a "very positive" move. a spokesman for NBFCs says it is a "very positive move" | Negative |
https://www.moneycontrol.com/news/business/economy/fed-likely-to-renew-pledge-to-use-all-tools-to-brace-economy-5204351.html | The Federal Reserve, which has pumped trillions in emergency funding into US financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday to reiterate its promise to do whatever it takes to support the world's largest economy.
The US central bank may also signal how long, and by what be... | the economy contracted in the first quarter at its sharpest pace since the Great Recession. the economy had grown at a 2.1% pace in the final three months of 2019. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. the good news is that the virus has been fairly stable, ... | Negative |
https://www.moneycontrol.com/news/business/markets/market-cap-to-gdp-ratio-lowest-in-10-years-time-to-buy-or-turn-cautious-5444751.html | The ratio, which is also known as Warren Buffett indicator, compares the value of all stocks at an aggregate level to the value of the country's total output. A value above 100% indicates that the market is overvalued while a number close to 50% indicates that it is undervalued.
The market-cap-to-GDP ratio has decline... | market-cap-to-GDP ratio has declined swiftly from 79 percent as of FY19 to 56 percent (FY20 GDP) ratio is used to determine whether the overall market is undervalued or overvalued. lowest in the last two decades was 42 percent in FY04. experts suggest that the ratio does not reflect the true picture of the economy. | Negative |
https://www.moneycontrol.com/news/business/markets/domestic-equity-inflows-in-march-could-be-similar-to-those-in-feb-nilesh-shah-5097001.html | Amid the carnage and high volatility in the market due to coronavirus outbreak and its economic implications, many experts have a mixed view on what investors should be doing at this stage.
One such key voice, Nilesh Shah, Managing Director of Kotak Mahindra Asset Management advised investors to discipline their asset... | many experts have a mixed view on what investors should be doing at this stage. equity inflows and SIP in March will remain strong. investors should discipline their asset allocation vis-a-vis most challenging times. a coronavirus outbreak has left many companies in limbo. a chinese government has declared a partial or... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/is-rupee-rise-a-theme-to-play-in-stocks-hedge-your-bets-right/articleshow/76877592.cms |
NEW DELHI: The recent appreciation in the rupee has a few sure beneficiaries on Dalal Street , especially the ones that rely on imported components and companies that have overseas debt. Analysts, however, feel one must do due diligence while identifying such stocks, as gains from currency appreciation is difficult ... | rupee appreciation has benefited many companies, especially those that import components. a 5% appreciation in the rupee can impact their bottom lines by up to Rs 1,020 crore. a 5% appreciation in the rupee could impact their profits by up to Rs 1,020 crore. rupee is expected to strengthen further, possibly to around 7... | Negative |
https://www.financialexpress.com/auto/industry/covid-19-crisis-clean-air-oil-age-india-electric-cars-evs-tata-nexon-ev-hyundai-kona-ev-mg-zs-ev/1978780/ | The most significant contributor to air pollution in India are vehicles running on petrol or diesel. Urban Emissions found PM 2.5 levels in Delhi during lockdown at 20 micrograms per cubic meter with a 20-day average of 35.
India is under lockdown since 25 March – over 60 days now. For a country of 1.3 billion and wit... | the deadliest particle in Delhi’s foul air is the tiny but fatal PM 2.5. it increases the likelihood of respiratory and cardiovascular diseases. the average AQI (air quality index) of Delhi was 360 in December 2018; in 2017, it was 450. between 2017 and 2019, the monthly percentage of PM 2.5 in the capital was up to fo... | Negative |
https://www.livemint.com/Politics/144kmvZXyDiM40UxY66DYJ/Targeted-cash-transfer-schemes-can-do-more-harm-than-good.html | Trying to alleviate poverty by distributing cash to poor households can harm the excluded households in the area, shows a World Bank paper by Deon Filmer, lead economist in the Development Research Group of the Bank, and others. The authors find that a cash transfer scheme in the Philippines led to greater demand by th... | a cash transfer scheme in the Philippines led to greater demand by the beneficiary households for protein-rich perishable food items. but this pushed up their local prices by 6-8%. this pushed up the price of cereals and stunted children's height-for-age. the authors’ calculations suggest that the negative effect on th... | Negative |
https://www.financialexpress.com/economy/covid-19-pandemic-indian-american-ceo-supports-donald-trump-says-phased-opening-of-us-economy-right-thing-to-do/1964785/ | The Indian-American CEO of a leading restaurant chain in the US has supported President Donald Trump’s move to open the American economy in a phased manner amidst the COVID-19 pandemic, saying that it is the “right thing to do”.
The US has started opening up after two months of lockdown amid the raging coronavirus pan... | the restaurant industry is one of the worst affected with millions of Americans being laid off or furloughed in the last two-three months. the restaurant industry is one of the worst affected with millions of Americans being laid off or furloughed in the last two-three months. the US has started opening up after two mo... | Negative |
https://www.moneycontrol.com/news/business/commodities/gold-prices-hover-near-lifetime-high-ahead-of-akshay-tritiya-5186841.html | The rate of 10 gram 22-carat gold in Mumbai was Rs 47,640 plus 3 percent GST, while 24-carat 10 gram was Rs 52,009 plus GST
Gold prices climbed for the third successive day on April 24 by Rs 71 to Rs 46,607 per 10 gram in the Mumbai bullion market on rupee depreciation two days ahead of Akshay Tritiya.
The yellow met... | gold prices climbed for the third successive day on April 24 by Rs 71 to Rs 46,607 per 10 gram in the Mumbai bullion market. the yellow metal is Rs 321 or 0.69 percent away from the lifetime high of Rs 46,928 it hit on April 16. major gold-trading centres have remained shut in the country due to the lockdown announced ... | Negative |
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