The Dow Jones Industrial Average fell 603.41 points or 2.09% to 28,256.03, the S&P 500 lost 58.14 points or 1.77% to 3,225.52 and the Nasdaq Composite dropped 148 points or 1.59% to 9,150.94.
from India Infoline News Service https://ift.tt/2uTJx9A
Friday, January 31, 2020
Budget 2020 Live Updates: Nirmala Sitharaman to present her second Budget today
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uOJpZg
Economic Survey: Lavender and lucre but a bit lacklustre
The lavender refers to, as per chief economic adviser K Subramanian, “the new Rs 100 note with the old note, symbolising this synthesis of the old with the new”. The “synthesis”, though, is not immediately apparent.from Economy-News-Economic Times https://ift.tt/37Olqbd
via
Corporatise for aggressive disinvestment
The Economic Survey 2019-20 suggested corporatisation of divestment by forming a new entity where the government's stake in listed central public sector enterprises (CPSEs) can be transferred and sold overtime, making a strong pitch for privatisation.from Economy-News-Economic Times https://ift.tt/31cMyxY
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State interventions distort agricultural markets
“Government has emerged as the single largest procurer and hoarder of foodgrains,” the survey noted. Direct cash transfers would be far more effective than the current inefficient procurement system, it said. The waiver of farm debt by states is a bad idea, it said.from Economy-News-Economic Times https://ift.tt/2GKuvWq
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Licence raj still, focus on 'ease of doing business'
The Survey noted that increasing digitalization and seamlessly integrating multiple agencies onto a single digital platform can further reduce procedural inefficiencies in cross-border trade significantly and improve user experience substantially. Streamlining of logistics on Indian seaports needs close inter-ministerial coordination, it said.from Economy-News-Economic Times https://ift.tt/2OilWX2
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Economic Survey 2020: Optimistic prescriptions for difficult times
The survey has a distinct prescriptive flavour with many bold reforms to transition the economy to a more market-based economy. Thus, the survey has rightly highlighted that the vestiges of old Soviet model of economic growth need to be dismantled (notably in agriculture sector) to encourage rapid wealth creation on the back of entrepreneurship and growth.from Economy-News-Economic Times https://ift.tt/38Ri4Ei
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View: Survey fights outdated bogeymen and isn't much of a policy guide beyond free-marketism
The survey is not much of a policy guide beyond first-principles free-marketism.from Economy-News-Economic Times https://ift.tt/36RBHLj
via
Economic Survey, Sangh Parivar on different history pages
The survey’s Chapter 2 is a lengthy exposition on the importance of wealth creation, and it starts by noting that “for more than three-fourths of known economic history, India has been the dominant economic power globally”. This is consistent with respected economic history research.from Economy-News-Economic Times https://ift.tt/2RLIm5j
via
Top stocks in focus: HUL, Tech Mahindra, Vedanta, ITC, Divis Lab, Power Grid
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/2Ojeuej
from India Infoline News Service https://ift.tt/2Ojeuej
What not to miss today
Here is the important news to watch out for today.
from India Infoline News Service https://ift.tt/2UgkdW0
from India Infoline News Service https://ift.tt/2UgkdW0
Banking
New index for NBFCs may help predict stress in the system and allocation of optimum capital infusion during a crisis. The survey shows that except for 2011 and 2017, the ALM mismatch in the shorter tenures was negative for all the years coinciding with the years when the health score of the NBFC was low.from Banking/Finance-Industry-Economic Times https://ift.tt/31bKzKo
Banking
Public sector bank employees are paid fixed salaries, which, according to the survey, does not encourage risk-taking and innovation. Although PSBs control 70% of India’s banking market, they lag considerably in performance metrics when compared to their peers. The proposal comes when the Indian Banks’ Association and bank unions have been negotiating wage increases.from Banking/Finance-Industry-Economic Times https://ift.tt/31p3T7b
Banking
“Wilful defaults if unchecked would increase the cost of borrowing for everyone else, including genuine businesses with profitable investment opportunities before them,” said the survey. “In fact, at high enough credit spreads, adverse selection may force genuine borrowers to exit the market altogether, leaving only cronies in the market and resulting in a market failure that slows economic growth, employment and wealth creation capacity.”from Banking/Finance-Industry-Economic Times https://ift.tt/36LGNbF
Banking
With data and analytics taking the centre stage in almost all industries, state-run banks can pool all their data into one entity like in the case of GST Network, to improve their analytical capabilities that could provide them an edge over their private peers. Data sciences, machine learning and artificial intelligence could help the banks, which have more than 70% market share, to make a difference to the economy.from Banking/Finance-Industry-Economic Times https://ift.tt/3aZQy9r
Corp loan share in non-food credit slips: Wilful defaulters up funding costs
“Wilful defaults if unchecked would increase the cost of borrowing for everyone else, including genuine businesses with profitable investment opportunities before them,” said the survey. “In fact, at high enough credit spreads, adverse selection may force genuine borrowers to exit the market altogether, leaving only cronies in the market and resulting in a market failure that slows economic growth, employment and wealth creation capacity.”from Banking/Finance-Industry-Economic Times https://ift.tt/36LGNbF
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Economic Survey 2020: PSBs need a techtonic shift
With data and analytics taking the centre stage in almost all industries, state-run banks can pool all their data into one entity like in the case of GST Network, to improve their analytical capabilities that could provide them an edge over their private peers. Data sciences, machine learning and artificial intelligence could help the banks, which have more than 70% market share, to make a difference to the economy.from Banking/Finance-Industry-Economic Times https://ift.tt/3aZQy9r
via
SGX Nifty indicates a negative opening for Indian markets
Budget holds the key as some big ticket announcements can lift the boat in the Indian context with all eyes on the Finance Minister.
from India Infoline News Service https://ift.tt/3b1B4lu
from India Infoline News Service https://ift.tt/3b1B4lu
Economic Survey: GDP no longer in a pickle on CEA’s special thali
Bet on rebound, but key would be recovery in global growth many suggested reforms may not be politically acceptablefrom Economy-News-Economic Times https://ift.tt/2GJUBZO
via
GST mop-up tops Rs 1.1 lakh crore on high filings, lower leakage
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uPKIac
Gita, Veda, Thirukkural, Adam Smith...survey of great thoughts
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Oh9yqm
Share of women in labour force continues to drop
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31evszE
RBI Bill among legislations lined up for Budget session
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Uq440z
Thursday, January 30, 2020
MCX net profit increased by 32% in Q3FY20
EBITDA also jumped 18% to Rs62.67cr on December 31, 2019, from Rs53.13cr over the corresponding quarter ended December 31, 2018.
from India Infoline News Service https://ift.tt/2RIlZ0u
from India Infoline News Service https://ift.tt/2RIlZ0u
Banking
The move comes after the government and RBI faced flak over their handling of the closure of PMC Bank.from Banking/Finance-Industry-Economic Times https://ift.tt/36HeR8X
Bank deposit cover may be doubled to Rs 2 lakh
The move comes after the government and RBI faced flak over their handling of the closure of PMC Bank.from Banking/Finance-Industry-Economic Times https://ift.tt/36HeR8X
via
Wipro CEO and MD Abidali Neemuchwala steps down
He will hold office till a new successor is appointed.
from India Infoline News Service https://ift.tt/2OdrC4G
from India Infoline News Service https://ift.tt/2OdrC4G
Persistent Systems' PAT dips 4.1% yoy in Q3FY20
The company had posted a net profit of Rs91.7cr in the year-ago period.
from India Infoline News Service https://ift.tt/317N1RY
from India Infoline News Service https://ift.tt/317N1RY
Employees of PSU banks to go on strike from today
In the meeting held on January 30, 2020, despite the revised offer of upto 19% hike including performance linked incentive made from IBA side, the Unions have unfortunately decided to go ahead with an all-India Bank strike on January 31, and February 1, 2020, to be followed by other agitational programmes.
from India Infoline News Service https://ift.tt/38UIIfI
from India Infoline News Service https://ift.tt/38UIIfI
Bharti Infratel reports net profit for Q3 at Rs799cr, up 23% yoy
The consolidated revenue for the quarter was Rs3,673cr up 1% yoy.
from India Infoline News Service https://ift.tt/2GFUvm0
from India Infoline News Service https://ift.tt/2GFUvm0
Commodity Mantra Morning Update: Gold lower; Oil, metals positive
Here is the global trend and our view on Commodities.
from India Infoline News Service https://ift.tt/37IW2DI
from India Infoline News Service https://ift.tt/37IW2DI
Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
|
The result of the RBI Fixed Rate Reverse Repo Operations held between 5:30 pm and 7:30 pm on January 30, 2020 is as under:
Ajit Prasad Press Release: 2019-2020/1833 |
||||||||||||||||||||||||
from PRESS RELEASES FROM RBI https://ift.tt/2S63TV8
via
Heritage Foods reports 25% yoy dip in PAT for Q3
Revenue from operations was Rs661cr in Q3FY20 vs. Rs610cr in the year-ago period.
from India Infoline News Service https://ift.tt/37IO914
from India Infoline News Service https://ift.tt/37IO914
Top stocks in focus: Kotak Mahindra Bank, HUL, ITC, Motherson Sumi, SBI, Vedanta
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/2tW5tkF
from India Infoline News Service https://ift.tt/2tW5tkF
Asian markets up after China manufacturing data announcement
The WHO to issue emergency epidemic for Coronavirus which could see US business gain from the unfortunate event as business relocate out of China.
from India Infoline News Service https://ift.tt/2OdrCS2
from India Infoline News Service https://ift.tt/2OdrCS2
What not to miss today
Here is the important news to watch out for today.
from India Infoline News Service https://ift.tt/2vBDBmd
from India Infoline News Service https://ift.tt/2vBDBmd
Banking
FB looks to roll out payments in many countries even as licence application remains stuck in its biggest market India.from Banking/Finance-Industry-Economic Times https://ift.tt/37KB0V9
Banking
The government has held several meetings with the insurance regulator, insurers and consultants on higher FDI in the sector. Many global insurers, such as Metlife and Generali, have not raised their stakes in Indian operations due to the clause that was introduced in 2015.from Banking/Finance-Industry-Economic Times https://ift.tt/2tha9RG
Mark Zuckerberg says WhatsApp Pay in 6 months
FB looks to roll out payments in many countries even as licence application remains stuck in its biggest market India.from Banking/Finance-Industry-Economic Times https://ift.tt/37KB0V9
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Indian control clause for insurance may go
The government has held several meetings with the insurance regulator, insurers and consultants on higher FDI in the sector. Many global insurers, such as Metlife and Generali, have not raised their stakes in Indian operations due to the clause that was introduced in 2015.from Banking/Finance-Industry-Economic Times https://ift.tt/2tha9RG
via
SGX Nifty indicates a positive opening for Indian markets
Expect a strong start to the February series with Union Budget slated for tomorrow, which could see stocks recover today.
from India Infoline News Service https://ift.tt/2tbZhV1
from India Infoline News Service https://ift.tt/2tbZhV1
Gold demand at 8-year low in October-December: WGC
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uJnWkr
After 50 years, ‘Hamara Bajaj’ patriarch to hang up his boots
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/38TUl6t
Budget-like moves that were not part of Budget
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31dP6vY
Uday Kotak gets reprieve from RBI, can hold 26% in bank
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/38TWpeC
BS-VI costs: Oil companies to raise rates by rupee 1 at one go in April
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2GFijq8
Wednesday, January 29, 2020
Rupee opens lower by 16 paise at 71.41/$
The local unit on Wednesday settled 7 paise higher at 71.25 against the US dollar amid gains in the domestic equity market.
from India Infoline News Service https://ift.tt/2S1Nq4d
from India Infoline News Service https://ift.tt/2S1Nq4d
Important results today: Tata Motors, Bajaj Auto, Infratel, Indian Oil
Tata Motors, Bajaj Auto, Bharti Infratel, Indian Oil Corporation, Andhra Bank, LIC Housing Finance will release their December quarter numbers today.
from India Infoline News Service https://ift.tt/317l1OE
from India Infoline News Service https://ift.tt/317l1OE
Bajaj Finserv posts Q3 PAT at Rs1,614cr, up 52% yoy
Total income for Q3FY20 increased by 41% yoy to Rs7,026cr vs. Rs4,992cr in Q3FY19.
from India Infoline News Service https://ift.tt/2RDJIPq
from India Infoline News Service https://ift.tt/2RDJIPq
Broker Radar for January 30
Check out the stock commentaries and recommendations from brokerage houses.
from India Infoline News Service https://ift.tt/38TERQ6
from India Infoline News Service https://ift.tt/38TERQ6
BSE Equity Derivatives registers turnover of Rs4,031cr
The equity derivatives segment is gaining momentum after the interoperability implementation.
from India Infoline News Service https://ift.tt/2uNcILq
from India Infoline News Service https://ift.tt/2uNcILq
Asian markets drop after death toll in China rises
Markets in China remain closed on Thursday for a holiday.
from India Infoline News Service https://ift.tt/2Oa1gQS
from India Infoline News Service https://ift.tt/2Oa1gQS
Commodity Mantra Morning Update: Gold higher;Oil and metal pack remain negative
Here is the global trend and our view on Commodities.
from India Infoline News Service https://ift.tt/36ChU24
from India Infoline News Service https://ift.tt/36ChU24
Asia markets drop after death toll in China to rise
Markets in China remain closed on Thursday for a holiday.
from India Infoline News Service https://ift.tt/2t9vBYN
from India Infoline News Service https://ift.tt/2t9vBYN
Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
|
The result of the RBI Fixed Rate Reverse Repo Operations held between 5:30 pm and 7:30 pm on January 29, 2020 is as under:
Ajit Prasad Press Release: 2019-2020/1822 |
||||||||||||||||||||||||
from PRESS RELEASES FROM RBI https://ift.tt/2RAW4aZ
via
Pidilite Industries reports 58% yoy growth in PAT at Rs346cr in Q3FY20
Net sales came in at Rs1,916cr, a rise of 4% over the same quarter last year.
from India Infoline News Service https://ift.tt/36CTPrV
from India Infoline News Service https://ift.tt/36CTPrV
Quess Corp posts 15% yoy growth in PAT at Rs75cr for Q3FY20
The de-merger of TCIL was completed during the quarter.
from India Infoline News Service https://ift.tt/36GCm1Q
from India Infoline News Service https://ift.tt/36GCm1Q
SGX Nifty indicates a flat opening for Indian markets
For today, expect mid-caps to see more ascent on rollovers as markets brace for the most important event of the year-the Union Budget on Saturday.
from India Infoline News Service https://ift.tt/2t7Vqs3
from India Infoline News Service https://ift.tt/2t7Vqs3
Top stocks in focus: Tata Motors, Bajaj Auto, Infratel, 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/3171Ap1
from India Infoline News Service https://ift.tt/3171Ap1
What not to miss today
Here is the important news to watch out for today.
from India Infoline News Service https://ift.tt/3aXz1iu
from India Infoline News Service https://ift.tt/3aXz1iu
Banking
The agency, probing arrested promoter of the embattled home financier Kapil Wadhawan, told a Prevention of Money laundering Act (PMLA) court that the Wadhawans had allegedly used a part of these funds to pay the late drug lord Iqbal Memon, alias Iqbal Mirchi. The agency arrested Kapil Wadhawan on Monday. His brother, Dheeraj, is out on bail.from Banking/Finance-Industry-Economic Times https://ift.tt/2S1qm5J
DHFL siphoned off Rs 13K cr through 1 lakh fake borrowers: ED
The agency, probing arrested promoter of the embattled home financier Kapil Wadhawan, told a Prevention of Money laundering Act (PMLA) court that the Wadhawans had allegedly used a part of these funds to pay the late drug lord Iqbal Memon, alias Iqbal Mirchi. The agency arrested Kapil Wadhawan on Monday. His brother, Dheeraj, is out on bail.from Banking/Finance-Industry-Economic Times https://ift.tt/2S1qm5J
via
Budget: PM-KISAN fund allocation may be trimmed by 20%
Agriculture ministry has sought Rs 60,000 crore for the Pradhan Mantri Kisan Samman Nidhi Yojana for the next fiscal while the government had allocated Rs 75,000 crore for this year, an official said. This is because the government has been able to disburse only Rs 44,000 crore so far this fiscal under the scheme, the official added.from Economy-News-Economic Times https://ift.tt/2td2vrw
via
India shines again for Apple, grows in double-digits
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/36DJXhI
'AdWise' workplace counselling: No induction, yet boss expects me to hit the ground running’
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/312IPDc
RBI penalises HDFC Bank Rs 1 crore for failing KYC
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2vydWLc
Coronavirus likely to hit business in India
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2t8RSWx
IndiGo EGM junks Gangwal’s plan
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2t7J3fC
Coffee Day posts Rs 190 crore loss in Q2
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3aTXlla
Tuesday, January 28, 2020
Commodity Mantra Morning Update: Gold lower; Oil, base metals higher
Here is the global trend and our view on Commodities.
from India Infoline News Service https://ift.tt/2O7YZWs
from India Infoline News Service https://ift.tt/2O7YZWs
ITI FPO's closing date extended to January 31
Its price band for its ongoing follow-on public offer to Rs71-77 per share from Rs72-77.
from India Infoline News Service https://ift.tt/313EW0T
from India Infoline News Service https://ift.tt/313EW0T
Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
|
The result of the RBI Fixed Rate Reverse Repo Operations held between 5:30 pm and 7:30 pm on January 28, 2020 is as under:
Ajit Prasad Press Release: 2019-2020/1812 |
||||||||||||||||||||||||
from PRESS RELEASES FROM RBI https://ift.tt/2tPD9QV
via
States asked to set up PSFs to combat price volatility
The Centre has asked states to set up their own state-level price stabilisation funds (PSFs) to deal with price volatility of important agri-horticultural commodities such as onion, potato and pulses.from Economy-News-Economic Times https://ift.tt/38Ktdqs
via
NHAI moves IRDA proposing insurance of road projects
The National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible project developers and mitigate construction period risks.from Economy-News-Economic Times https://ift.tt/37CmsHd
via
Sword of Damocles: Fiscal Deficit and Sovereign Rating
India's fiscal deficit is at the centre of debate after many years of calm. Finance minister Nirmala Sitharaman has little room to manoeuvre. More than printed numbers, it is the details that will matter with doubts over budget numbers.from Economy-News-Economic Times https://ift.tt/310R82p
via
AI’s network seen as biggest strength in flight to selloff
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3aMWiDr
Deepak Parekh holds just 0.07% in HDFC that he helped build
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/37w4VjP
NHAI bars 8 developers from bids
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/36vJWMB
Top stocks in focus: Bajaj Finance, Bajaj Finserv, Maruti, Escorts, Manapurram Finance
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/2U54XLN
from India Infoline News Service https://ift.tt/2U54XLN
Asian markets trade higher; Hang Seng stocks slump 2.5%
Markets in China remain closed on Wednesday for a holiday.
from India Infoline News Service https://ift.tt/2Gx2Ubg
from India Infoline News Service https://ift.tt/2Gx2Ubg
Manapurram Finance reports 63% yoy rise in PAT in Q3FY20
Total consolidated operating income during the quarter stood at Rs1,399.02cr, a growth of 29.40% over Rs1,081.20cr reported in the year-ago quarter.
from India Infoline News Service https://ift.tt/2RUYQqF
from India Infoline News Service https://ift.tt/2RUYQqF
SGX Nifty indicates a positive opening for Indian markets
For today, expect some pullback as with derivative contracts expiry tomorrow, short covering could see Nifty pull back from 12000 levels.
from India Infoline News Service https://ift.tt/30ZHlJS
from India Infoline News Service https://ift.tt/30ZHlJS
What not to miss today
Here is the important news to watch out for today.
from India Infoline News Service https://ift.tt/2O3AsSs
from India Infoline News Service https://ift.tt/2O3AsSs
GM Trade War back on front burner as Trump comes to India
US companies which lead the global market on GM-based animal feed — mainly distillers dried grain with solubles have made a beeline for the Indian market. But they have not got the green signal from the government. Demand on Indian front is rising with increase in livestock population after the push on cow protection and new shelters for stray cattle.from Economy-News-Economic Times https://ift.tt/2RWdrCe
via
Survey to map Himalayan springs soon
As a part of the government’s plan to revive natural sources of water in the hilly region, drones would be deployed to map all the springs in the Himalayan region. Destinations such as Shimla, Mussorie, Nainital and even Gangtok often face acute water crisis.from Economy-News-Economic Times https://ift.tt/2tMQRE5
via
China taps india for masks, exporters unsure
Chinese exporters said there is a need for around two million masks and the Indian mission in Hong Kong has sought a list of manufacturers in India who can provide these masks. However, exporters are unsure about India meeting this demand because India itself is a huge importer of surgical masks from China, Malaysia and Thailand.from Economy-News-Economic Times https://ift.tt/2U3LPxF
via
Cracking the whip: E-comm policy to deal with online counterfeits
The Department for Promotion of Industry and Internal Trade (DPIIT) is set to roll out a detailed plan of action for consumers and companies through which counterfeit products sold on e-marketplaces can be curbed. The new US strategy which is examined, looks to shift the liability for counterfeit goods from third parties to e-commerce platforms.from Economy-News-Economic Times https://ift.tt/2u26B6b
via
Banking
Finance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘three Cs’ refer to the CBI, Comptroller and Auditor General of India and the CVC. Sitharaman also assured bankers that a distinction would be made between genuine commercial failure and deliberate wrongdoing.from Banking/Finance-Industry-Economic Times https://ift.tt/3aOgAwp
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