Thyrocare Technologies records a consolidated profit of Rs0.23cr in Q1FY21

Consolidated revenue declined by ~49% yoy in Q1FY21 to Rs56cr.

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Motilal Oswal Financial Services Q1FY21: consolidated profit rises by 29% yoy

Total Income grew by ~17% yoy to Rs727.47cr in Q1FY21

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Microsoft said to be in talks to buy TikTok in US

Microsoft is exploring an acquisition of TikTok’s operations in the US, according to a person familiar with the matter who asked not to be identified because the discussions are private. TikTok, the video-sharing app, is owned by China-based ByteDance, which has been evaluating changes to its business structure because of the US government’s national security concerns.

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Apple vendors, Samsung line up for mobile production

Companies that submitted their proposals by the deadline on Friday are promising fresh investments and jobs in the Indian electronics manufacturing space as the government looks to boost local production over the next few years. Chinese manufacturers are said to have refrained from joining the fray amid recent tension.

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Media scion James Murdoch quits News Corp board

Former 21st Century Fox chief executive James Murdoch, son of media tycoon Rupert Murdoch, has resigned from News Corp's board, according to a document released Friday by the US Securities and Exchange Commission (SEC).

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States should not be made to bear the burden of borrowing: Punjab FM Manpreet Badal

“States should not be made to bear the burden of borrowing, which in any case is likely to be higher than the rate at which the central government will be able to borrow,” Badal said in the letter dated July 3, a copy of which was seen by ET.

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From Rs 24/min calls to free talk time, cheapest data

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Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) – Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra

Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra was placed under directions vide directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018, from close of business on May 19, 2018. The validity of the directions was extended from time to time vide subsequent Directives, the last being vide Directive DOR.CO.AID/D-81/12.22.351/2019-20 dated May 21, 2020 and is valid up to July 31, 2020 subject to review. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DCBS.CO.BSD-I/D-6/12.22.351/2017-18 dated May 18, 2018, as modified from time to time, issued to the above bank, the validity of which was last extended up to July 31, 2020 shall continue to apply to the bank for a further period of three months from August 01, 2020 to October 31, 2020, vide Directive DOR.CO.AID/D- 5/12.22.351/2020-21 dated July 24, 2020 subject to review. 3. Other terms and conditions of the Directive under reference shall remain unchanged. A copy of the Directive DOR.CO.AID/D- 5/12.22.351/2020-21 dated July 24, 2020 notifying the above extension is displayed at the bank’s premises for the perusal of public. 4. The aforesaid extension and/or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank. (Yogesh Dayal)      Chief General Manager Press Release: 2020-2021/130

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SBI net jumps 81% to Rs 4,189 crore

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India reviews continuation of trade pact with Asean

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‘Talking to RBI on extending moratorium’

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TCS gains over 2% in trade today; its venture Digitate makes it to Top 100 Software Companies list

The recognition follows a year of a stellar performance by Digitates ignio SaaS Suite of closed-Loop Software for the autonomous enterprise.

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Sagar Cements displays de-growth in Q1 due to Covid-19 related lower sales volumes, stock slips ~2%

The company has opted to avail the RBI Covid relief package under which moratorium of three months towards servicing of interest and instalments on the working capital and term loan facilities.

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Sensex, Nifty open on a mixed note; RIL, SBI, Tata Motors, Sun Pharma in focus

Buying was seen in IT and pharma stocks with subdued performance in FMCG.

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Government licenses TV imports to support local production

In a move aimed at promoting domestic manufacturing, the government on Thursday decided to license the import of fully-built televisions sets by putting them on the “restricted” list.

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Reliance Jio records a whopping 183% yoy rise in Q1 PAT; customer base at 398.3M

In the quarter, RJio's customer base stood at 398.3M; ARPU was at Rs140.3 per subscriber per month.

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RIL surprises streets with a stellar Q1; PAT jumps 31% aided by telco, retail biz

Q1 PAT including exceptional items was at Rs13,248cr, up by 30.6% yoy despite lockdown.

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Covid-19 impacts MT Educare's Q1 profitability

Though the company faced challenges in its supply chain management during the lockdown period, it has streamlined the operation of supply chain.

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Vaibhav Global Q1FY21; consolidated profit rises by ~47% yoy

The company recorded a consolidated profit of ~Rs53cr in Q1FY21.

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Shutdown and slow recovery adversely impacts Sundaram-Claytons business

The company formed a Covid task force to handle the situation and a slew of measures were taken to ensure business continuity.

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Commodity Mantra Morning Update: Gold, Oil higher; Base Metals trading mixed

Here is the global trend and our view on Commodities.

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Tata Communications Q1FY21; consolidated profit rises by ~235% yoy

The company recorded a consolidated profit of ~Rs258cr in Q1FY21.

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USCIS took steps to prevent abuse, fraud in employment-based visa programs, lawmakers told

The Trump administration has taken a series of steps to prevent abuse and fraud in the employment-based visa programs, including H-1B, a top official from the US Citizenship and Immigration Services (USCIS) told lawmakers on Thursday.

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HCL wins $600 million deal from Ericsson

HCL Technologies has won an over $600 million deal from Swedish telecommunications major Ericsson. The contract is for five years. The massive deal bundles infrastructure management, cloud and application services. TCS was the other strong contender for the deal, sources told TOI.

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Money Market Operations as on July 30, 2020

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The reason why big countries such as India are at a disadvantage in dealing with pandemics

The pressure to “reopen” in such countries is also greater. Large nations do well economically because they have big, interdependent and diverse internal markets. Consequently, they can ill afford to have those supply chains broken for long.

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Covid deepens Indian infra sector's troubles, flagship projects among casualties

“At present everything is in a state of pandemonium,” Hemant Kanoria, chairman of Srei Infrastructure Finance Ltd. in Kolkata, said, while seeking a one-time recast of loans for construction firms, clearance of dues owed by the government and faster resolution of disputes to ease cash flow. “Otherwise everyone is dead.”

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Top stocks in focus: RIL, SBI, Tata Motors, Sun Pharma, UPL

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

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

from India Infoline News Service https://ift.tt/3jU2a2l

SGX Nifty indicates a flat to positive opening for Indian markets

For today, expect some bounce in morning trade with selling in the later half seeing the index drift near 11000.

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Cognizant’s headcount drops by 10,500

Cognizant’s number of employees at the end of the second quarter dropped to levels last seen at the end of 2018 as the company embarked on a massive cost cutting programme leading to a firing of about 7,000 employees.

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Bezos unsure on seller data’suse, sparks concerns in India

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Government looks to expand small business loan coverage

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Nearly 82,816 MSMEs of Assam sanctioned credit of Rs 1,317 crore during pandemic

Around Rs 3.44 crore have been disbursed for the indigenous industries of the State in sectors like japi, terracotta, mask-making etc.

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Mindspace Business Parks REIT IPO subscribed 12.96 times on the last day

The issue opened for bidding on Monday, July 27, 2020, and it closed on July 29, 2020.

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Aviation stocks see mixed sentiments after Centre permits international air travel for passengers

The new guidelines will come into effect from August 01, 2020.

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Festive, wedding season can temporarily upswing gold imports in India from Sep 2020

On the domestic front, gold futures closed at Rs52,395 on the Multi Commodity Exchange (MCX) on July 27, for contract expiry on December 04, 2020.

from India Infoline News Service https://ift.tt/2Esw0dX

Kitex Garments stock slumps ~4% after estimates of adverse impact on FY21 profitability due to lockdown

The company is debt free entity with good market share in Infants wear segment and has a strong financial position.

from India Infoline News Service https://ift.tt/39C2fDc

US Fed keeps benchmark interest rate unchanged

The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.

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FCS Software faces insignificant impact of Covid-19 on business operations

After lockdown company's offices were completely shutdown and employees were given working from home as per directions of Government.

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Jet Airways tanks 5% ahead of creditors meet today

Discussion on shortlisted bidders can be expected in the meeting.

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Sensex up over 200 points; Bharti Airtel gains post Q1 numbers

The market breadth was in favour of the gainers on the NSE with 1,029 stocks are trading with gains and 393 trade with losses.

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Did glitch help Amazon escape early questions?

Amazon.com Inc's chief executive, Jeff Bezos, escaped questioning for about an hour in a high-profile US House of Representatives antitrust hearing here on Wednesday in what may have been the result of a tech glitch.

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Ex-RBI deputy governor Viral Acharya hints India risks Japanification as bad loans mounts ahead

RBI sees SCBs gross nonperforming assets (GNPA) ratio may increase from 8.5% in March 2020 to 12.5% (14.7% in a very severe stress scenario) by March 2021.

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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Fund bankable projects without fear: PM to bankers

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Income tax return filing deadline extended

"In view of the constraints due to the Covid pandemic and to further ease compliances for taxpayers, CBDT extends the due date for filing of Income Tax Returns for FY 2018-19 (AY 2019-20) from July, 31, 2020 to September, 30, 2020," the income tax department said in a tweet.

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Yes Bank to take over HQ of Anil Ambani

Yes Bank, which faced a crisis in March this year on account of bad debts, has substantial loans due from the Anil Ambani group, to which it had an exposure of close to Rs 12,000 crore. In the last two decades, the Anil Ambani group expanded aggressively in new businesses raising high levels of debt.

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States face fresh pressure for GST rate rationalisation

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IndiGo reports highest loss by Indian airline

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Money Market Operations as on July 29, 2020

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Banking

Companies providing intermediary payments, banking and insurance services to rural customers have seen a sharp recovery in June and July, from the initial shock of the nationwide lockdown that brought supply chains and merchant commerce across the country to a standstill.

from Banking/Finance-Industry-Economic Times https://ift.tt/308XEVY

Rural-play fintech firms see revival as rural economy starts getting back on its feet

Companies providing intermediary payments, banking and insurance services to rural customers have seen a sharp recovery in June and July, from the initial shock of the nationwide lockdown that brought supply chains and merchant commerce across the country to a standstill.

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Commodity Mantra Morning Update: Gold, Oil steady; Base Metals trading with mixed bias

Here is the global trend and our view on Commodities.

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Jindal Stainless ties up with Maersk for logistics upgrade

As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha.

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Top stocks in focus: Bharti Airtel, Dabur, CEAT, HDFC, Reliance Industries

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

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SGX Nifty indicates a flat opening for Indian markets

For today, expect higher volatility as markets gear up for the highest expiry of derivative contracts in 5 months.

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Speciality Restaurants surges 9% despite estimates of Covid-19 impact on Q1 and Q2 performance

Dine-in has remained shut in most localities since March while food delivery and takeaway operations remained open in lockdown.

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Sensex, Nifty trade higher; Dr Reddys, Maruti stocks in focus

IndusInd Bank, UltraTech Cement, ICICI Bank, Axis Bank and L&T were the top gainers, while HCL Tech, Infosys, RIL, TCS, and Kotak Bank led the losses.

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Global air passenger traffic will not return to pre-COVID level until 2024; IATA revises forecasts

IATA believes that recovery in global passenger traffic (revenue passenger kilometres or RPKs) is not expected anytime soon.

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Sanofi appoints Rahul Bhatnagar and Marc-Antoine Lucchini as Additional Director to its Board

Marc Antoine Lucchini is presently the head of the International region at Sanofi, representing 68 countries with sales of 4.3 billion.

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11 states raise over Rs11,000cr in latest auction of SDLs

The latest auction was held on July 28, 2020.

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Nagreeka Capital fears long lasting Covid-19 impact on its business

The company is a Non-deposit taking Non-Banking Financial Company and Covid-19 pandemic may have adverse impact over a period of time.

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IDFC First Bank Q1FY21 results; profit rises by 115.2% yoy

Net interest income (NII) stood at Rs1,625.90cr which witnessed a growth of 38.4% yoy.

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ICRA appoints N Sivaraman Managing Director and Group CEO

Over his long and distinguished career, Sivaraman has had a rich experience of leading and transforming businesses, firmly putting those businesses on the path of growth and profitability.

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Mindspace Business Parks REIT IPO oversubscribed by 1.23 times on day 2

The price band of the IPO is fixed at Rs274-275.

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NPCI confirms WhatsApp Pay’s data localisation

A filing by the Reserve Bank of India (RBI) with the Supreme Court shows that the National Payments Corporation of India (NPCI) has told the banking regulator that Facebook-owned messaging application WhatsApp is now fully compliant with data-localisation norms.

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Trump admin won't accept new DACA applications

The Trump administration said Tuesday that it will reject new applications and shorten renewal periods for an Obama-era program that shields young people from deportation, taking a defiant stance after the US Supreme Court refused to let it be scrapped completely.

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Work in crisis-hit biz? You are in demand

If you have worked in sectors that have witnessed crisis situations — such as automobiles, aviation and hospitality — to name a few, your skills could be in demand. The tag of having worked in an industry that has seen huge disruptions now sits pretty on a CV.

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TaMo appoints former Renault chief JLR CEO

Tata Motors has named former Renault chief Thierry Bollore as the new CEO of its UK auto arm Jaguar Land Rover (JLR). The move indicates chairman N Chandrasekaran’s preference for an external candidate to steer the unit, which is an important flagship within the Tata Group.

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Money Market Operations as on July 28, 2020

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Commodity Mantra Morning Update: Gold weak, Oil steady; Base Metals trading lower

Here is the global trend and our view on Commodities.

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Top stocks in focus: Dr. Reddy's, Bharti Airtel, Maruti, Interglobe Aviation, IndusInd Bank

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

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SGX Nifty indicates a flat opening for Indian markets

For today, expect consolidation as global cues see caution even as foreign flows see further upside with IT, Reliance & autos leading from the front.

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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PM to meet top bankers today, discuss credit flow

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TikTok to government: Ready to store data locally

TikTok, the blocked Chinese app controlled by internet giant ByteDance, is understood to have told the government that the company is ready to set up data centres in India to store user information locally even as it denied any breach of user privacy and integrity, emphasising that its operations always adhered to local laws and regulations.

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PM Modi to meet top bankers, discuss credit flow

Worried over the flow of credit to the corporate sector and small businesses, Prime Minister Narendra Modi will brainstorm with the country’s top bankers on Wednesday.

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Wall Street falls as pandemic hurts consumer confidence and earnings; stimulus plan underwhelms

Data released in the morning showed U.S. consumer confidence ebbed in July as coronavirus infections flared up across the country. The Dow Jones Industrial Average fell 205.49 points, or 0.77%, to 26,379.28

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ICRA appoints N. Sivaraman as MD and Group CEO

During his 34-year career at L&T, he held senior positions including as President & Wholetime Director of L&T Finance Holdings.

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Market pulse at 10:30 AM today

Here is the stock market performance at 10:30 AM today.

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BSE Equity Derivatives records new high turnover of Rs40,717cr on the Weekly Expiry Day

On its Monday Expiry, BSE Equity Derivatives turnover reached a new high of Rs40,717cr, reflecting the acceptance of the unique concept of Monday Expiry for Weekly contracts by market participants.

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Global liquidity glut, Covid cloud push up metal prices

An unprecedented amount of funds being infused by central banks around the world is driving metal prices up. Gold is now at an all-time peak, silver’s price has more than doubled since its March low, and copper is up more than 40%. And if analysts and reports by industry experts are to be believed, the rally is far from over.

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Manappuram Finance stock gains as board approves plan to raise fund via debt issue

The company will retain the oversubscription option up to Rs350cr, the company added.

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United Spirits subscribes CCPS in Hip Bar for a price of Rs1.95cr, stock slips ~2%

Hip Bars platform should provide growth opportunities for the United Spirits on-line and e-commerce route to market.

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Yes Bank tumbles 10% after SBI's shareholding drops to 30% post FPO issue

Yes Bank's FPO was subscribed by 95% of the total issue size.

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Nifty above 11,200-mark; Tech Mahindra stock jumps 5% post Q1 numbers

The market breadth opened in favour of the gainers with 946 stocks are advancing while 491 are declining on the NSE.

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Eye on China, quality curbs on 370 items

There will be a curb on the import of sub-standard items. The commerce ministry had identified these items last year. Officials said the process has been expedited to meet the requirement under the Atmanirbhar Bharat initiative to reduce imports and increase exports.

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Pre-pack plan for insolvency to be tested with MSMEs

Under a pre-packaged insolvency plan, debtors and creditors agree upon the restructuring plan in advance, helping speed up the process.

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Pfizer's quarterly PAT rises more than 10% yoy; stock opens in green

The companys quarterly revenue however declined yoy from Rs544cr to Rs515cr.

from India Infoline News Service https://ift.tt/3jJ0Cbj

MF garners Rs1.24 lakh cr inflow during Q1 as investors appetite rise in liquid, arbitrage funds

The performance was swayed by strong investments made in liquid, banking and PSU, arbitrage and corporate bond funds.

from India Infoline News Service https://ift.tt/39ASZ1S

Total and Indian Oil form joint company in India to offer high-quality Bitumen Derivatives

The new JV will combine the R&D and marketing strengths of both Indian Oil and Total to manufacture and market innovative bitumen formulations and superior quality products.

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Mindspace Business Parks REIT IPO subscribed 38% on the first day

The reserved portion of institutional investors was subscribed 37% and that of non-institutional investors 40%.

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Bank sanctions Rs89,810cr to over 1.1cr Kisan Credit Card (KCC) holders

Backed by the government, KCC scheme aims for enabling farmers to avail affordable credit from banks and pay interest rates to as low as 2%.

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Aarti Drugs revenue rises 34.34% yoy to Rs544.67cr in Q1

API segment contributed approximately 85% and formulation around 15% of the total consolidated revenues.

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Money Market Operations as on July 27, 2020

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Pandemic forces revamp of world’s biggest food stamps programme

Under the program, people are now allowed to take their quota of foodgrains from a “fair-price shop” anywhere in India by giving their ration card number and providing biometric authentication. Until now Indians could only receive the rations in their hometowns, which could discourage some from moving away in search of work.

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Brickwork Ratings expects RBI to hold repo rate at 4% in upcoming MPC

Overall, inflation conditions demand the RBI to pause the rate cut cycle at the current juncture.

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Commodity Mantra Morning Update: All commodities trade higher

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/3jM6alu

Top stocks in focus: Nestle, Bharti Infratel, Interglobe Aviation, NBCC, IOC, Adani Enterprises

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

from India Infoline News Service https://ift.tt/39yWKFa

SGX Nifty indicates a positive opening for Indian markets

For today, expect a positive start with intra day volatility seen ahead of the Thursday expiry for derivative contracts.

from India Infoline News Service https://ift.tt/32X0VJL

Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

from India Infoline News Service https://ift.tt/3jHjUy1

RBI governor remains non-committal on moratorium

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/39A7JhJ

RBI expects bank's gross NPA at 12.5% by FY21; banking stocks in a bloodbath

According to RBI, bank credit growth moderated across constituent bank groups during the second half of 2019-20.

from India Infoline News Service https://ift.tt/3f4tesa

Markets extend losses; Bank Nifty index underperforms

The Bank Nifty index dropped over 550 points in the morning trade at 22,100 levels.

from India Infoline News Service https://ift.tt/2BwM1hW

As prices of gold reach new heights, some see a golden chance to settle their loans

According to RBI regulations, up to 75% of the value of the gold can be lent. Rising gold prices have meant that loan-to-value (LTV) is higher by Rs 500 per gram on the same jewellery.

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Nagarjuna Fertilisers surges 3% after restarting Urea production at Kakinada Plant-1

The Plant was temporarily shut down on July 1 but now the company has executed amendment to the escrow agreement with the lenders and gas supplier.

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Ambuja Cements soars 2.5% despite adverse impact on volumes and sales revenue in lockdown

The pandemic has resulted in overall slowdown in the economic activities.

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HPL Electric slumps 3.5% after Covid-19 disruptions put its revenues for Q1FY21 under pressure

The company has been sanctioned additional credit facilities (as per guidelines of RBI) including moratorium of interest payment upto August 31, 2020.

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Indices open higher with minor gains; RIL, ICICI Bank stocks lead

Among sectoral front, Nifty Realty, Nifty FMCG and Nifty Metal index gained in the opening trade.

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Former RBI deputy governor Viral Acharya warns India against deficit financing

Acharya spoke in detailed over RBI's monetizing process and Indian economy, in its soon-to-be-released book titled Quest for Restoring Financial Stability in India.'

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Premier Limited foresees minimal Covid-19 impact for short term

The company's operations were already temporarily suspended prior to Covid-19 lockdown.

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Rakesh Jhunjhunwala raises stake in Karur Vysya Bank but offloads some shares of Escorts

Jhunjhunwala who manages the assets firm Rare Enterprises.

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Mahanagar Gas increases CNG prices by Rs1 to Rs 48.95/Kg

Accordingly, revised selling price inclusive of all taxes of CNG in and around Mumbai will be Rs48.95/Kg.

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Gati appoints Shashi Kiran Shetty as Chairman

The express logistics industry is expected to reach Rs48,000cr by 2023, holding out opportunities for Allcargo to increase its topline via its acquisition of Gati.

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BSE's India INX daily turnover volume crosses an all-time high of USD 4.92 bn on July 24

Nirmala Sitharaman inaugurated Rupee Dollar Derivatives which has seen a cumulative turnover of USD 8,626.07 mn (Rs64,583cr) till Jul 24, 2020, and market share of 85% in GIFT IFSC.

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MCX Q1FY21 results; consolidated net profit rises by ~29% yoy

Multi Commodity Exchange of India recorded a consolidated profit of Rs56.43cr in Q1FY21.

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Reliance Industries overtakes Exxon to become world’s No. 2 energy company

Reliance Industries Ltd toppled ExxonMobil Corp to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which manages the biggest refinery complex, gained 4.3% on Friday adding $8 billion to take its market value to $189 billion while Exxon Mobil erased $1 billion.

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Benched staff at Wipro stare at pay cuts

Wipro has introduced an "extended bench period" where identified employees will be on loss of pay for three months. These employees will continue to receive their insurance coverage, but nothing else.

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Money Market Operations as on July 24, 2020

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Covid hit tourism, MSME, aviation worst: RBI survey

The central bank conducted a systemic risk survey to capture the participants of experts on the major risks faced by the financial system, which is published in its financial stability report.

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Commodity Mantra Morning Update: Gold higher, Oil lower; Base Metals trading higher

Here is the global trend and our view on Commodities.

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Top stocks in focus: Kotak Mahindra Bank, JSW Steel, ICICI Bank, ZEEL, Adani Power, ITC

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

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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SGX Nifty indicates a positive opening for Indian markets

For today, expect more volatility even as expiry of derivative contracts sees both side movements as markets gear up for the highest expiry of the last 5 months this Thursday.

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Aditya Puri sells HDFC Bank shares worth Rs 843 crore

Aditya Puri, HDFC Bank’s managing director who’s slotted to retire in about three months, last week sold about 74 lakh shares of the bank worth about Rs 843 crore, exchange disclosures showed. This is the second instance of Puri selling HDFC Bank shares this year.

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Scandalising as contempt: On proceedings against Prashant Bhushan

Time to revisit the idea of ‘scandalising’ in contempt law, usher in judicial accountability

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A Governor’s test: On convening Rajasthan Assembly

Governors should not act at the behest of the party ruling at the Centre

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India Inc seeks a boost in public infrastructure funding to tide over the pandemic

A combination of borrowings from central public sector enterprises (CPSEs) and central government could be considered to finance the stimulus, which in turn could be channelled into relevant projects, said the industry body. The suggestions came on the back of findings from an industry-wide survey which showed that businesses fear negative top-line growth and economic impact due to the Covid-19 pandemic to extend to the next three quarters or more.

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With renewed focus on US, EU and UK, India looks to reset FTAs, exit fruitless deals

“All options are on the table… There is a view that if any trade agreement has not worked out as expected, we should also look at exiting such a deal,” one official said, adding that a final call on the future strategy for such arrangements would be taken at the highest level.

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Ask us for investments

Q. I am 30 years old and a permanent employee of a PSU. I have been investing ₹15,000 a month for two years now for a long-term goal. I invest ₹10,000

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Free from vagaries of inflows and outflows

Investment mainly via New Fund Offers

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Ask us for investments

Q. I am 30 years old and a permanent employee of a PSU. I have been investing ₹15,000 a month for two years now for a long-term goal. I invest ₹10,000

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Fixed deposits offer cash flow stability

A low interest rate on such investment is a trade off for the stability an FD provides

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More cover against misfortune

Optional riders and add-ons are important to ensure you derive the full benefit of an insurance policy.

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Action against risky exporters who attempted to claim Rs 2,020 cr IGST refunds: FinMin officials

The number of untraceable risky exporters has gone up to 1474 as on date, which includes 7-star exporters, the officials said, adding that IGST refund in the cases have been suspended.

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Aditya Puri raises Rs 842 crore by selling HDFC Bank shares, holding down to 0.01%

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Banking

Demand from mass housing statement has started picking up post relaxations in coronavirus-induced lockdowns and gradual reopening of economy, he said.

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PNB Housing Finance expects to disburse Rs 13,000 crore loan this fiscal: MD and CEO Neeraj Vyas

Demand from mass housing statement has started picking up post relaxations in coronavirus-induced lockdowns and gradual reopening of economy, he said.

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RBI may go in for further 25 bps rate cut, feel experts

The Reserve Bank is likely to go in for a minimum 25 basis points cut in key lending rate in the forthcoming monetary policy review as the need to revive the coronavirus-hit economy is pressing notwithstanding marginal uptick in inflation, feel experts.

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India hikes exposure to US government securities by nearly USD 13 billion in May

The country was the 12th largest holder of the American government securities while Japan had the maximum exposure at USD 1.260 trillion at the end of May. At the second spot was China with holdings worth USD 1.083 trillion, followed by the United Kingdom at the third place with an exposure of USD 393.5 billion.

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