The key Indian stock market indices slumped over 1% due to worries about the pace of the US economic recovery and a proposed hike in taxes on book profits in India. IT stocks fell sharply. Metals and oil & gas stocks showed some gains. Several mid- and small-cap stocks rose or fell over 3-11%. News items discussed corporate deals, a royalty dispute resolution, and upcoming company results.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
1. Market Outlook
India Research
August 30, 2010
Dealer’s Diary Domestic Indices Chg (%) (Pts) (Close)
The key benchmark indices slumped on worries over the pace of the US BSE Sensex -1.3% (227.9) 17,998
economy’s recovery. IT stocks fell after the Union Cabinet approved the new Nifty -1.3% (69.2) 5,409
Direct Taxes Code bill, wherein it proposed a hike in MAT on book profits to MID CAP -1.0% (73.2) 7,635
20% from the prevailing 18%. The market recovered from the lower level at the SMALL CAP -1.3% (126.8) 9,641
onset of the trading session. The intraday recovery gathered strength in morning BSE HC -0.8% (42.6) 5,536
trade as Asian stocks came off lows, led by recovery in Japanese shares. The
BSE PSU -0.3% (30.7) 9,695
market extended losses to hit fresh intraday lows in mid-afternoon trade as
BANKEX -2.1% (258.6) 12,216
European stocks extended initial losses and slumped in late trade. The Sensex
AUTO -0.8% (73.8) 8,710
and Nifty closed down 1.3% each, while the BSE mid-cap and small-cap indices
METAL -0.5% (80.5) 14,911
closed lower by 1% and 1.3%, respectively. Among the front liners, ONGC,
Tata Steel, RCOM and ACC gained 0–3%, while DLF, Hero Honda, ICICI Bank, OIL & GAS 0.4% 35.9 10,092
Tata Power and JP Associates lost 2–3%. Among mid caps, FDC, Ispat Ind., BSE IT -1.8% (101.1) 5,408
Eicher Motors, Havells and Escorts gained 3–11%, while J&K Bank, Jubilant Global Indices Chg (%) (Pts) (Close)
Food., Great Offshore, Puravankara and MVL declined 5–7%. Dow Jones 1.7% 164.8 10,151
NASDAQ 1.6% 34.9 2,154
Markets Today
FTSE 0.9% 45.7 5,202
The trend deciding level for the day is 18064 / 5432 levels. If NIFTY trades Nikkei 0.9% 84.6 8,991
above this level during the first half-an-hour of trade then we may witness a Hang Seng -0.1% (14.7) 20,597
further rally up to 18183 – 18368 / 5472 - 5535 levels. However, if NIFTY
Straits Times 0.4% 12.9 2,939
trades below 18064 / 5432 levels for the first half-an-hour of trade then it may
Shanghai Com 0.3% 7.3 2,611
correct up to 17879 – 17759/5369 - 5329 levels.
Indices S2 S1 R1 R2 Indian ADRs Chg (%) (Pts) (Close)
SENSEX 17,759 17,879 18,183 18,368 Infosys -0.5% (0.3) $58.0
Wipro 4.1% 0.5 $13.1
NIFTY 5,329 5,369 5,472 5,535
Satyam 0.0% - $4.5
News Analysis ICICI Bank 0.4% 0.1 $41.5
HDFC Bank 1.8% 2.8 $162.5
ABG Shipyard sells 4.7% stake in Great Offshore
Corus to sell Teesside plant to Thai company for US $500mn
Advances / Declines BSE NSE
Ranbaxy to launch generic version of Valcyte in March 2013
Advances 868 303
ONGC's royalty on Rajasthan field cut; possible obstacle to Vedanta-Cairn
deal removed Declines 2,122 1,071
Refer detailed news analysis on the following page. Unchanged 73 30
Net Inflows (August 26, 2010)
Rs cr Purch Sales Net MTD YTD Volumes (Rs cr)
FII 3,652 3,496 157 10,407 58,348 BSE 5,303
MFs 714 737 (23) (2,891) (15,514) NSE 13,142
FII Derivatives (August 27, 2010)
Open
Rs cr Purch Sales Net
Interest
Index Futures 3,652 3,496 157 11,447
Stock Futures 714 737 (23) (2,891)
Gainers / Losers
Gainers Losers
Price chg Price chg
Company Company
(Rs) (%) (Rs) (%)
Ispat Ind. 19 4.5 Great Offshore 372 (5.8)
Havells India 814 3.5 Bombay Dyeing 570 (4.1)
Cummins India 729 3.0 Mcleod Russel 234 (4.1)
ONGC 1,318 2.9 Jai Corp 258 (3.8) 1
GAIL 459 2.5 Hind Copper 408 (3.7)
Please refer to important disclosures at the end of this report Sebi Registration No: INB 010996539
2. Market Outlook | India Research
ABG Shipyard sells 4.7% stake in Great Offshore
ABG Shipyard (ABG) has sold a 4.66% stake in Great Offshore (GOF) at Rs371/share for
Rs64.5cr through an open market transaction. ABG has been gradually offloading the
15% stake in GOF acquired during the open offer at Rs520/share. So far, it has offloaded
around 14% stake in GOF at an average price of Rs421.7/share, thereby incurring loss of
~Rs53cr. However, we believe the stake sale will help the company to ease its liquidity and
net D:E (~3.0x as of FY2010) position going forward. At the CMP, ABG is trading at 6.1x
FY2012E earnings, 7.1x FY2012E EV/EBITDA and 1.1x FY2012E P/BV. We maintain an
Accumulate rating on the stock with a Target Price of Rs271.
Corus to sell Teesside plant to Thai company for US $500mn
After months of negotiations, Corus has decided to sell its Teesside cast products (TCP)
plant to Thailand’s Sahaviriya Steel (SSI). Corus has signed an MoU with SSI to sell its TCP
business for US $500mn (GBP 320mn). The assets covered by the MoU include the Redcar
and South Bank coke ovens, TCP’s power generation facilities and sinter plant, the Redcar
blast furnace and the Lackenby steelmaking facilities. The sale agreement would also result
in Corus and SSI operating Redcar Wharf (TCP’s bulk terminal) as a joint venture, giving
Corus the flexibility to carry out its other steelmaking operations, while also meeting SSI’s
requirements. If the deal is successfully concluded, the company expects to restart
operations at the TCP plant in the first half of 2011.
We believe the deal is a positive development for Tata Steel as the operations at Teesside
were unviable after its four key clients walked away from a long-term contract in 2009
(about 80% of TCP’s business). Moreover, the decision to mothball the TCP plant had
sparked strong political and labour opposition as it had put risk on jobs of over 700
employees. At the CMP, Tata Steel is trading at 5.8x FY2011E and 5.1x FY2012E
EV/EBITDA. We maintain our Buy recommendation on Tata Steel with an SOTP-based
Target Price of Rs702.
Ranbaxy to launch generic version of Valcyte in March 2013
Ranbaxy will launch the generic version of Roche’s Valcyte drug in March 2013, two years
before the patent expiry as part of the settlement. The company expects to have 180-day
exclusivity of the product. Valcyte, the anti-viral drug, posted global sales of US $287mn
for the first half of 2010. We expect the product to contribute an NPV of Rs2.5 per share
(net sales of US $52mn and net profit of US $31mn) during the exclusivity period. We
recommend Neutral on the stock.
August 30, 2010 2
3. Market Outlook | India Research
ONGC's royalty on Rajasthan field cut; possible obstacle to Vedanta-Cairn
deal removed
ONGC is set to get permission from the Centre to pay only one-third of its total royalty
obligation to the Rajasthan government on the revenue earned from oil blocks owned by
Cairn India, removing a possible obstacle to the Vedanta-Cairn deal and saving the oil
explorer an annual outgo of US $350mn.
It is said that the Centre has acceded to ONGC’s plea that its share of the royalty outgo be
restricted to 30% of the total amount, mirroring its corresponding interest in the oil block.
The Centre will compensate the Rajasthan government for the remaining amount though
the modalities of the compensation have not yet been finalised. ONGC was upset that
while Cairn Energy was selling its stake in its Indian subsidiary to Vedanta for up to US
$8.5bn, it was making just US $2/bbl from the oil blocks because of its high royalty
payment.
The settlement on the royalty issue is likely to result in ONGC dropping its objections to the
transaction, even though it leaves the Centre with no option but to take care of a large part
of the royalty bill. Unhappy with its royalty outgo, which is estimated to be US $2bn over
the life of the asset, ONGC had written to Cairn about two months ago, expressing its
desire to give up its interest in the Rajasthan oil block. ONGC had also written to the
petroleum ministry that it was not commercially viable to remain invested as a licensee in
this block as its returns on the investments were negative. In fact, with every barrel increase
in production, the cost for ONGC went up further and led to higher losses.
While the option of ONGC exiting the oil blocks remains on the table, government officials
said it was unlikely that Cairn, Vedanta or any other company would absorb the PSU’s
large royalty obligations. The petroleum ministry said that the only way out is for the
government to step in, cap ONGC’s royalty burden and take the hit.
We believe restricting the royalty burden to 30% will come as a major relief to ONGC’s
shareholders and remove an overhang from the stock. We maintain an Accumulate rating
on ONGC with a Target Price of Rs1,256, and a Neutral rating on Cairn.
August 30, 2010 3
4. Market Outlook | India Research
Economic and Political News
Core infrastructure industries output up 3.9% in July 2010
Auto component industry to touch US $110bn by 2020: ACMA
Gujarat Government has earmarked Rs350cr for infra, tourism development
Corporate News
Jindal Power's Rs13,000cr project gets initial 'Green' nod
PFC to divest up to 20% through public issue: Government
TCS signs Rs130cr e-governance contract with Madhya Pradesh
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
Events for the day
Birla Power Dividends, Results
Ruchi Infra Dividends, Results
Usher Agro Results
August 30, 2010 4
5. Market Outlook | India Research
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