Nifty above 11,900-mark; Yes Bank, Dr Reddy's Lab in focus

Among sectoral front, buying seen in the pharma, IT, media and FMCG stocks on the NSE index.

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Asia’s leading business forum to celebrate India-UAE strategic partnership on November 6

Under the theme ‘Inclusive Leadership in an Interconnected World: Driving Progress and Sustainability through Tolerance’, the forum will be held under the patronage of Sheikh Nahayan Mabarak Al Nahayan, Cabinet Member and Minister of Tolerance, UAE, and in association with the UAE Ministry of Economy.

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Prakash Industries enhances its capacity in Steel Melting Shop

The enhanced capacity now stands at 1.176 million tonnes per annum.

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Broker Radar for November 1

Check out the stock commentaries and recommendations from brokerage houses.

from India Infoline News Service https://ift.tt/2BXmafQ

Rupee opens lower at 70.98/$

Higher crude prices and as well as USD demand from oil importers dragged the local unit.

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SRF to produce agrochemical intermediates at Rs166cr

There has been a cost overrun in the project due to change in the original design and installation of additional effluent treatment equipment, the company said.

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Money Market Operations as on October 31, 2019

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Asian markets trade lower amid trade deal worry; ahead of US economic data

All eyes will be on the US jobs report where a slowdown in the economy will be gauged as we head into November with US/China talks holding centre stage.

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Commodity Mantra: Gold price slips, oil and base metals trade higher

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/2C24yPU

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on October 31, 2019 is as under: Amount (Face Value in ₹ crore) Items Overnight Reverse Repo Auction 4.90% Fixed Rate 1. Bids received   (i) Number 63 (ii) Amount 23,141 2. Bids accepted   (i) Number 63 (ii) Amount 23,141 Ajit Prasad Director   Press Release: 2019-2020/1072

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Credit cards, EMI payments sparkle during Diwali sale

Sales increased towards the end as shoppers saved for the best deals. Sales also jumped in tier-II locations compared to the Diwali season last year, according to data shared by Innoviti Payments. The company saw a 64% jump in the number of transactions reported from such locations during Diwali, compared to last year.

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Banking

Sales increased towards the end as shoppers saved for the best deals. Sales also jumped in tier-II locations compared to the Diwali season last year, according to data shared by Innoviti Payments. The company saw a 64% jump in the number of transactions reported from such locations during Diwali, compared to last year.

from Banking/Finance-Industry-Economic Times https://ift.tt/36muKm5

Pompeo awarded Pepsico India for saving over 17 billion litres of water

Established in 1999, the ACE recognizes US companies that promote and uphold high standards as responsible members of their communities where they do business.

from The Hindu - Industry https://ift.tt/2C1vsax

Core sector output declines by 5.2% in September

Fertilizers production was up 5.4% yoy in September 2019.

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SGX Nifty indicates a flat opening for Indian markets

For today, expect new series to start on an optimistic note as the last 2 expiries have been the best in over a year.

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EPS-NPS switch shelved as trade unions object

Minutes of the meeting are yet to be issued, which will have to be approved by the secretary before the government’s stand becomes official. The government had in the Union Budget 2015-16 gave option to EPFO subscribers to opt for NPS. The move triggered massive protests from trade unions.

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Unconventional ways led to ‘punishment’ postings: SC Garg

Garg said he “tried to be a true civil servant” and took all decisions in the larger public interest. “I was able to take and implement bold and sometimes unconventional decisions throughout my career, which might not have kept my bosses in good humour sometimes,” he said in the note that also outlined his future plans.

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Core Sector puts up worst show in 14 years, shrinks 5.2% in September

Several experts pointed out that the weak core sector output may not bode well for the second-quarter GDP growth, the numbers for which will be published on November 29. The RBI in its October bimonthly policy review slashed the GDP growth for the entire fiscal to 6.1 per cent from 6.8 per cent earlier.

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After talks, RCEP now a political call

PM Modi is expected to take the political call on India joining RCEP as part of the country’s growing economic footprints in the Indo-Pacific region. Some prospective RCEP member states including G-20 economies from South East Asia and East Asia are keen on India's presence in RCEP amid apprehensions that its absence will enable China to dominate.

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Draft scrappage policy to be out for feedback by Nov 15

​​​​The policy is expected to spell out disincentives for older vehicles, including manifold increase in re-registration fee. ​​​A draft notification from the transport ministry proposed that re-registration of internal combustion engine cars be increased to Rs 15,000.

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What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2NzfHwO

Top stocks in focus: Yes Bank, Ahluwalia Contracts, Bajaj Auto, TVS Motors

Check out the companies which will be in focus during trade today based on recent and latest news developments.

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Top stocks in focus: Aster DM Healthcare, Bajaj Auto, TVS Motors

Check out the companies which will be in focus during trade today based on recent and latest news developments.

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Twitter to ban political ads in apparent swipe at Facebook

Twitter Inc will ban political advertising on its platform next month, the company's chief executive said on Wednesday, as social media platforms face pressure to block attempts to steer elections with false information.

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JK Tyre spikes 11% as PAT more than triples over previous year in Q2

The company saw consolidated PAT of ~Rs46cr in Q2FY19.

from India Infoline News Service https://ift.tt/2qWW5uZ

Adani Transmission receives Letter of Intent from RECTPCL; stock up ~3%

The project, Lakadia Banaskantha Transco Limited, will comprise approximately 360 ckt kms of 765 kV D/C line along with 765 kV bays at Lakadia and Banaskantha Substations in Gujarat.

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Tata Global posts higher margins in Q2; Stock up ~3%

Net profit for the quarter fell 18.9% yoy to Rs137.7cr.

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Cognizant's comeback plans to result in job cuts up to 7,000

IT major Cognizant on Wednesday announced plans to continue job cuts at the organisation as part of its “2020 Fit for Growth” plan to streamline costs and get back to being a bellwether of the industry.

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Vodafone may exit India as losses mount: Report

The telecom regulatory world is abuzz with feverish talk that the imperilled telecom operator, Vodafone, is likely to exit India. An email questionnaire was sent by IANS to a Vodafone-Idea spokesperson in India. IANS, in turn was asked to direct the queries to Ben Padovan, Group Head of Corporate Communications, Vodafone Group Plc.

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Markets trade higher led by PSU bank, realty stocks

Indian benchmark indices made a firm start on Friday tracking the optimism in global markets.

from India Infoline News Service https://ift.tt/2MZP4lC

Bharti Airtel placed on rating watch negative by Fitch Rating; stock down 1%

The Supreme Court verdict asked telecom companies including Bharti Airtel to pay up Rs92,641cr dues to the DoT over the AGR dispute, with Airtel having unpaid dues of Rs41,507cr.

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TVS Motor partners with Cadisa to expand in Central America

As a part of this association, Cadisa will facilitate the opening of 15 flagship outlets for TVS MotorCompany in a phase-wise manner.

from India Infoline News Service https://ift.tt/34ejbf0

Quess Corp registers decline of 2% in PAT for Q2

Quess Corp also informed about the appointment of Mr Krishna Suraj Moraje as Executive Director of the company w.e.f. October 30, 2019.

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Money Market Operations as on October 30, 2019

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ICICI Lombard enters into a strategic tie up with Karur Vysya Bank

The association will provide the banks customers access to the insurers portfolio and make insurance more accessible to its customers across India.

from India Infoline News Service https://ift.tt/2PEMROa

Global stocks soar as Fed Reserve cuts rate by 25bps

The central bank cut its key overnight lending rate to a target range between 1.50 to 1.75%.

from India Infoline News Service https://ift.tt/34i84BW

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on October 30, 2019 is as under: Amount (Face Value in ₹ crore) Items Overnight Reverse Repo Auction 4.90% Fixed Rate 1. Bids received   (i) Number 70 (ii) Amount 35,523 2. Bids accepted   (i) Number 70 (ii) Amount 35,523 Ajit Prasad Director   Press Release: 2019-2020/1061

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RCEP is a call on China first, then ASEAN

India’s utilisation ratio of its current FTA with ASEAN is just about 6%. In contrast, ASEAN countries have a 36.3% utilisation. Also, unlike with Japan and Korea, the investment component is also not quite large.

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Losses due to GST in FY23 to be Rs 13K cr: UP to Finance Panel

Presenting its estimated expenditure plans for the next five years to the 15th Finance Commission recently, UP said its revenue in subsequent years too will be hit because of GST.

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SGX Nifty indicates a positive opening for Indian markets

Expect further short covering today in auto and select PSU banks as Nifty heads to its highest expiry of derivative contracts in the last 5 months.

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Gold edges higher on Fed rate cut; oil prices decline

Here are the key commodity trends globally and our view on commodities.

from India Infoline News Service https://ift.tt/2PwlxSo

What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2JBQSiO

Banking

The city police will soon seek court approval to hand over the assets to the RBI. The planned auction will be carried out under provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MZzKpa

Relief for PMC Bank depositors as RBI moves to sell attached assets

The city police will soon seek court approval to hand over the assets to the RBI. The planned auction will be carried out under provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MZzKpa
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Top stocks in focus: RIL, Bharti Airtel, TVS Motor, Intellect Design Arena

Check out the companies which will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/36iwa13

Revenue concerns for the government make immediate tax cuts tough

Removing equity-related taxes may burn a Rs 80,000 crore hole in government kitty. More sops will mean raising tax on super-rich which has already been done in the budget or cutting welfare spend, both of which may not be feasible.

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WhatsApp sues Israeli firm over cyberespionage

WhatsApp on Tuesday sued Israeli technology firm NSO Group, accusing it of using the Facebook-owned messaging service to conduct cyberespionage on journalists, human rights activists and others.

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Amazon pumps in more than 45 billion rupees into India units

Amazon.com Inc has invested around ₹45 billion into its Indian subsidiaries as the Seattle-based e-commerce giant ramps up operations in one of its f

from The Hindu - Industry https://ift.tt/2Wr2om4

Petronet profit nearly doubles on lower tax

Petronet LNG Ltd. on Tuesday reported a near doubling of net profit in September quarter as it derived benefit of lower corporate tax rate. Net profi

from The Hindu - Industry https://ift.tt/2Nl1d3O

Bharti Airtel trades 2% higher post Q2 operating performance

The telecom major reported an ARPU of Rs128 in the September quarter, down from Rs129 in the June quarter.

from India Infoline News Service https://ift.tt/2qVWMou

MX Player raises $110 million from Tencent, Times Internet

MX Player, popular video OTT (over-the-top) platform, said on Wednesday that it has received $110 million (Rs 775 crore) in fresh funding from Chinese technology giant Tencent and Times Internet (TIL). The deal marks Tencent’s second investment into a TIL asset, after it invested in Gaana, the music streaming platform, in 2018.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/331Jdlm

View: A struggling India needs more trade, not less

India’s immediate question is whether to join the RCEP, which if completed would represent the world’s biggest free-trade agreement. 15 other nations appear ready to conclude nearly 30 rounds of negotiations. India is the main holdout.

from Economy-News-Economic Times https://ift.tt/2WqOVen
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Off-duty pilot, staffer get sack for in-flight PDA

An off-duty pilot and a flight attendant who spiced up their flight with inflight nuzzling lost their jobs after a passenger complained to the airline about their public display of affection last month on a SpiceJet Delhi-Kolkata flight. To send a stern message to its crew, SpiceJet recently put out a flight safety case study, titled ‘Unprofessional behaviour at workplace".

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Rupee slips 9 paise to 70.93/USD

The rupee opened lower against the US Dollar on Wednesday amid some buying in the greenback ahead of the US Fed policy outcome later in the day.

from India Infoline News Service https://ift.tt/32YZuHW

Markets trade higher; telecom stocks gain

Sectorally, all indices except Nifty Auto and Metal traded in the green, with Nifty Media leading gains.

from India Infoline News Service https://ift.tt/2BQsDJs

Government virtually rules out any cut in income tax rates

The government has virtually ruled out a reduction in personal income tax, including in the forthcoming Budget, with well-placed sources citing examples of higher rates in several countries such as China, the US and the UK, apart from the lack of fiscal space to reduce the levy. Speculation had started since govt’s decision to slash corporation tax rate to 15%.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/36gdMWH

Banking

Though jewellery spending was flat, banks like Axis Bank saw an increase in the total value of purchases in electronics and travel during the festive season. Axis saw a 100 per cent increase in electronics purchases.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PBePe1

‘Consumers spent more on travel and food this Diwali’

Though jewellery spending was flat, banks like Axis Bank saw an increase in the total value of purchases in electronics and travel during the festive season. Axis saw a 100 per cent increase in electronics purchases.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PBePe1
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Money Market Operations as on October 29, 2019

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Standard Life plans to divest stake in HDFC Life Insurance: Media reports

The shares will be offered in the range of Rs562 and Rs575, media reports added.

from India Infoline News Service https://ift.tt/2JuLEVN

Broker Radar for October 30

Check out the stock commentaries and recommendations from brokerage houses.

from India Infoline News Service https://ift.tt/2Pvk26M

Gold steady; oil & base metals trade lower

Here are the key commodity trends globally and our view on commodities.

from India Infoline News Service https://ift.tt/2oxTMxK

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on October 29, 2019 is as under: Amount (Face Value in ₹ crore) Items Overnight Reverse Repo Auction 4.90% Fixed Rate 1. Bids received   (i) Number 70 (ii) Amount 47,574 2. Bids accepted   (i) Number 70 (ii) Amount 47,574 Ajit Prasad Director   Press Release: 2019-2020/1052

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Top stocks in focus: BEML, HDFC Life Insurance, Bharti Airtel, IndiGo

Check out the companies which will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/2MWYnCO

SGX Nifty indicates a flat opening for Indian markets

For today, expect some more consolidation with the broader market also seeing more traction as valuation comfort sees smart money buy stocks.

from India Infoline News Service https://ift.tt/2JuD2yA

Asian stocks trade flat ahead of Fed rate decision

The Nikkei 225 slipped marginally in morning trade, while the Topix index was just fractionally higher.

from India Infoline News Service https://ift.tt/32ZQqT3

Baby steps before leap: Global banks, now sense a new vista — regional trade

With Regional Comprehensive Economic Partnership & trade deals, banks realise the future lies in the region and are preparing to grab opportunities. India is looking to reduce its dependence on traditional trading partners to diversify markets.

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Banking

With Regional Comprehensive Economic Partnership & trade deals, banks realise the future lies in the region and are preparing to grab opportunities. India is looking to reduce its dependence on traditional trading partners to diversify markets.

from Banking/Finance-Industry-Economic Times https://ift.tt/2qTmJox

What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2Pyjj4T

Facebook employees sign letter opposing political ads policy

Hundreds of Facebook employees have signed a letter to CEO Mark Zuckerberg and other executives saying they oppose the social network’s policy of let

from The Hindu - Industry https://ift.tt/36fx8LF

The trick to creating millions of jobs: Go green

Adoption of green technologies by the industries will result in easy and fast approval by the government and millions of new jobs can be created by switching from the high-carbon economy to low-carbon.

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Bharti Airtel slips 3% after company defers Q2 result till November 14

Meanwhile, the brokerage firms expect the September quarter numbers of the company to show signs of stress even though the Africa business may show sustained growth.

from India Infoline News Service https://ift.tt/2BQ4sLh

Adani group to partner with U.S.-based Digital Realty to build data centres in India

The two companies will jointly evaluate developing and operating data centres, data centre parks and cultivating undersea cable provider communities of interest across India.

from The Hindu - Industry https://ift.tt/2Wk5QPF

Replace 16 Neo engines in 15 days: DGCA to IndiGo

India’s aviation regulator Directorate General of Civil Aviation (DGCA) on Monday directed IndiGo to replace an engine each on at least 16 of its Airbus A320 Neos within a fortnight. The direction came after last week saw as many as four IndiGo Neos safely returning to where they took off from after their Pratt & Whitney (PW) engines stalled and experienced high vibration.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BQHiEl

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on October 25, 2019 is as under: Amount (Face Value in ₹ crore) Items 4 day Reverse Repo Auction 4.90% Fixed Rate 1. Bids received   (i) Number 79 (ii) Amount 37,055 2. Bids accepted   (i) Number 79 (ii) Amount 37,055 Ajit Prasad Director   Press Release: 2019-2020/1041

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Tata Motors stock jumps after Q2FY20 net loss narrows

Reacting to the Q2 numbers, some brokerages raised their target price on Tata Motors after its subsidiary Jaguar Land Rover posted a sharp improvement in operational performance in the September quarter.

from India Infoline News Service https://ift.tt/36eB4fy

Airtel postpones Q2 results, seeks clarity on Supreme Court ruling

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the Indian wireless operator sought clarity on the Supreme Court ruling asking telecom firms to cough up overdue payments to the government. Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3% in early trade.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31WdvVi

TB drugs to get cheaper as desi company inks licence deal

In a move which will make treatment of tuberculosis simpler, accessible and affordable, global non-profit drug developer, TB Alliance has tied up with domestic company, Macleods Pharmaceuticals to develop and commercialise 'breakthrough’ therapy, Pretomanid in a majority of high-burden countries, including India.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MVlvlb

Flipkart's key commerce units loss up 69% to Rs 5,459 crore

Flipkart India, the wholesale arm of the e-tailer, has recorded 86% jump in its net loss to Rs 3,835 crore at the end of March 2019, as per the latest regulatory documents. This means the combined loss of two main commerce units of Walmart-owned retailer in India - Flipkart Internet and Flipkart India - has swelled by 69% to Rs 5,459 crore as of March 2019.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Wm4pjt

Rupee opens close to 1-month high

The rupee gained by 14 paise at 70.74/$ in opening trade vs. Friday's close of 70.88/$.

from India Infoline News Service https://ift.tt/2q5GNUb

Markets open higher mirroring global stocks

Sectorally, most indices traded in the green with Nifty Auto leading the gainers. Nifty FMCG and Media lost the most, down 0.5% each.

from India Infoline News Service https://ift.tt/2Nj140M

Money Market Operations as on October 25, 2019

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Broker Radar for October 29

Check out the stock commentaries and recommendations from brokerage houses.

from India Infoline News Service https://ift.tt/2JughLf

Asian stocks jump as US,China near signing of trade deal

As per media reports, the Office of the US Trade Representative said that Washington will consider extending certain tariff exclusions on $34bn worth of imports from China.

from India Infoline News Service https://ift.tt/32UQpzZ

Gold, oil prices slide; base metals remain mixed

Here is the latest global commodity trend and our view on commodities.

from India Infoline News Service https://ift.tt/2NiYsju

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on October 28, 2019 is as under: Amount (Face Value in ₹ crore) Items Overnight Reverse Repo Auction 4.90% Fixed Rate 1. Bids received   (i) Number 29 (ii) Amount 24,917 2. Bids accepted   (i) Number 29 (ii) Amount 24,917 Ajit Prasad Director   Press Release: 2019-2020/1039

from PRESS RELEASES FROM RBI https://ift.tt/36gi2oU
via

Gold, oil slip lower; base metals remain mixed

Here is the latest global commodity trend and our view on commodities.

from India Infoline News Service https://ift.tt/2MXXr1j

SGX Nifty indicates a positive opening for Indian markets

Expect the broader market also to participate in the rally from here on as the valuation discount to largecaps narrows.

from India Infoline News Service https://ift.tt/2MRU3ot

Top stocks in focus: Reliance Industries, Dr Reddy's, Airtel

Check out the companies which will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/2Py1Mdj

What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2pcc8EX

WTO to decide on India’s retaliatory tariffs

This comes after India had on September 30 blocked a US request to set up a panel to settle its disagreement over the issue of retaliatory import tariffs on 28 US products.

from Economy-News-Economic Times https://ift.tt/2PrRNpR
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SC order: Mittal knocks on govt. doors

Telecom firms owe billions of dollars in statutory dues that they have not fully provisioned for

from The Hindu - Industry https://ift.tt/2MVaT5W

RBI imposes Rs 35 lakh fine on this bank

The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnad Mercantile Bank for violating norms on frauds classification and notification. The central bank imposed the fine via an order dated October 24, 2019.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/349uQvK

UPI hits 1 billion transactions in October, plans to go global

Three years after its launch, Unified Payments Interface (UPI) hit a landmark of one billion transactions in September, also becoming the fastest adoption of any payments system in the world. GooglePay, Paytm and PhonePe dominate UPI market with their aggressive enrolling of small merchants. UPI waiving merchant fees for payments up to Rs 100 helped enabled faster adoption.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PuFhWi

13 airline, airport employees found tipsy in a month

If you wonder what may be behind the spate of accidents on airside at airports, the aviation regulator’s recent move to subject personnel other than pilots and cabin crew to breath analyser (BA) test to see if they are sober or not may hold the key.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Wm1qb6

RBI imposes Rs 35 lakh fine on Tamilnad Mercantile Bank

The bank has been penalised for non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting.

from Banking/Finance-Industry-Economic Times https://ift.tt/365Lmi5
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Banking

The bank has been penalised for non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting.

from Banking/Finance-Industry-Economic Times https://ift.tt/365Lmi5

RBI imposes ₹35 lakh fine on Tamilnad Mercantile Bank

The Reserve Bank has imposed a penalty of ₹35 lakh on Tamilnad Mercantile Bank for violating norms on frauds classification and notification. The cen

from The Hindu - Economy https://ift.tt/31Twujx
via

13 employees of airlines, airports suspended for failing alcohol test: DGCA official

Thirteen employees of airlines and airports have failed breath analyser tests since September 16 and they have been suspended for three months, a DGC

from The Hindu - Industry https://ift.tt/2NguHzC

Retirement planning: Your money and you at the age of 40

A friend called to complain that he was being badgered to buy retirement planning products. He will soon turn 40. How should 40-year olds look at their financial position? What should concern or comfort them?

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/36gxfGT

Is your financial sherpa misleading you?

The equity markets have displayed acute volatility in the past two years, forcing many investors to reconsider their decision. You can’t blame them for feeling nervous. After several years of good returns, they have suddenly seen the gains getting wiped out.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MQapht

Flipkart unit’s losses rise 40% to Rs 1,624 crore

Flipkart Internet, the unit which runs the online platform, reported a 40% increase in losses to Rs 1,624 crore for the year ending March 31, 2019 after it was able to cut them by close to 30% in the previous financial year. This signals that the company has started investing for expansion under new owner Walmart.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JoY4i4

China studying blockchain, AI for forex: Regulator

China is studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management, and will further liberalise its capital markets, a senior foreign exchange regulator said on Sunday.

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'Hong Kong economy may shrink this year'

Hong Kong may report negative growth this year as the economy reels from more than four months of social unrest, financial secretary Paul Chan wrote in a blog post on Sunday.

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GVK gets Rs 7,614cr to block Adanis in MIAL

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Banking

The recruitment process for Laxmi Vilas Bank's top executives is currently underway as the entity stays headless and grappled by mounting losses. Senior executives from leading private sector banks have applied for the posts.

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Close to 70 senior bankers in fray for LVB top-post

The recruitment process for Laxmi Vilas Bank's top executives is currently underway as the entity stays headless and grappled by mounting losses. Senior executives from leading private sector banks have applied for the posts.

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Why gold is losing its lustre in India

Gold sales on the most auspicious day in India to buy the metal tumbled this year as high prices and concerns about an economic slowdown saw customers limit purchases.

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Unemployment, slow economic growth fuels unrest in Arab states, says IMF

Violent protests have broken out in several Arab countries since early 2010 and turned into bloody civil wars in Syria, Yemen and Libya

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Unemployment, slow economic growth fuel unrest in Arab countries: IMF

Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund said on Monday.

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Louis Vuitton maker looking to buy Tiffany

LVMH is exploring an acquisition of US jeweller Tiffany & Co in what would be the biggest purchase by the French owner of Louis Vuitton, according to people familiar with the matter.

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UPI hits 1 billion transactions in October, plans to go global

The UPI platform, which was launched before demonetisation in 2016, enables users to send money from their account to any account without entering bank details by using an email-like handle or scanning a QR code.

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Banking

The UPI platform, which was launched before demonetisation in 2016, enables users to send money from their account to any account without entering bank details by using an email-like handle or scanning a QR code.

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Markets remain closed today on account of Diwali Balipratipada

On Sunday, equity benchmark indices ended the Muhurat Trading session higher. The Sensex ended at 39,250, higher by more than 190 points. Nifty ended above 11,600.

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CX Partners, IFC, ADB may buy 80% in Indian School Finance

Private equity firm CX Partners, the ADB and the World Bank arm IFC are in the process of acquiring about 80% of Indian School Finance Co Pvt Ltd (ISFC), one of the leading non-banking financial companies in the education sector.

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