Union Bank of India has sanctioned loans worth Rs 3,000-4,000 crore in the first phase of the government's credit outreach program. Indiabulls Housing Finance has filed a criminal complaint against certain individuals for allegedly spreading false news about the company. State-run Nalco said coal shortages have severely impacted its aluminium production, with three units of its power plant shut down and a fourth expected to shut down due to lack of coal.
This document provides a summary of the top 10 news stories of the day from 9 September 2019. The stories include:
1) RTI response revealing 2,480 fraud cases involving Rs. 32,000 crore impacted 18 public sector banks in the first quarter, with SBI the most impacted.
2) Flipkart signing an MOU to help artisans and craftsmen in Jharkhand set up online businesses.
3) PNB putting 11 NPA accounts up for sale to recover over Rs. 1,234 crore in dues.
4) SBI seeking issuance of 147 Look Out Circulars in the last 5 months for bank fraud cases.
5)
- Rana Kapoor's promoter firm Yes Capital offloaded shares in Yes Bank, leaving Kapoor with ownership of only 900 shares compared to his previous stake.
- Sebi issued directions on margins collection in the cash segment, requiring trading and clearing members to compulsorily collect certain margins from clients upfront.
- Anil Ambani's Reliance Capital said its shareholding in subsidiary Reliance General Insurance was transferred to IDBI Trustee Services upon invocation of pledge.
E-commerce companies in India are expected to see sales of up to $6 billion during the upcoming festive season, according to consulting firm RedSeer. In the first phase of festive sales, companies saw sales of close to $3 billion, up 30% from the previous year. A drug manufacturing facility of Bliss GVS Pharma in India cleared an inspection by the USFDA. The domestic steel industry has asked the government to continue imposing anti-dumping duties on certain steel products imported from China, Malaysia, and South Korea. Fintech startup Shubh Loans received a license from the RBI to set up a non-banking financial company.
The document summarizes the Asian Development Bank's revised outlook for the Indian economy in fiscal years 2019 and 2020. It reports that growth is now expected to be 6.5% in FY2019, down from the previous forecast of 7%, due to weaker growth in the first quarter. It also predicts growth of 7.2% in FY2020, unchanged from the previous forecast, expecting a recovery in domestic demand and investment.
This document provides stock picks and sector developments for the 4th week of December 2019. It recommends buying three stocks - Auro Pharma at 473, Cadila Healthcare at 260, and M&M at 540 - with potential target prices. It also includes sector news updates on banking, media, energy, IT, and pharma. Charts are provided analyzing the technical patterns for the recommended stock purchases. The document ends with a disclaimer about the information provided.
The document provides information on recent economic developments in India:
- Major Indian banks like SBI, IDBI and IndianBank will link floating rate loans for MSMEs, housing and retail to the repo rate starting October 1st, 2019.
- Bank credit to MSMEs has grown at 15% annually over the last decade, with services accounting for over 60% of total MSME credit. As of July 2019, outstanding MSME credit totalled Rs. 10.47 lakh crores.
- Incremental bank credit to MSMEs contracted by 1.8% from March to July 2019, an improvement from the 2.5% contraction in the same period last year.
- India cut corporate tax rates to 25% and introduced a new tax rate of 15% for new domestic manufacturing companies to boost manufacturing.
- Other tax reliefs announced include withdrawing the enhanced surcharge on capital gains tax for listed securities and mutual funds.
- The moves are aimed at making India a more competitive investment destination and taking advantage of the US-China trade war.
The document provides a summary of the top 10 things to know from November 7th, including:
1) Lupin plans to seek re-inspection of its Goa and Somerset plants by the USFDA by March 2020.
2) Indiabulls Housing Finance reported a 32% decline in Q2 net profit.
3) Moody's placed Yes Bank's ratings under review for a possible downgrade.
This document provides a summary of the top 10 news stories of the day from 9 September 2019. The stories include:
1) RTI response revealing 2,480 fraud cases involving Rs. 32,000 crore impacted 18 public sector banks in the first quarter, with SBI the most impacted.
2) Flipkart signing an MOU to help artisans and craftsmen in Jharkhand set up online businesses.
3) PNB putting 11 NPA accounts up for sale to recover over Rs. 1,234 crore in dues.
4) SBI seeking issuance of 147 Look Out Circulars in the last 5 months for bank fraud cases.
5)
- Rana Kapoor's promoter firm Yes Capital offloaded shares in Yes Bank, leaving Kapoor with ownership of only 900 shares compared to his previous stake.
- Sebi issued directions on margins collection in the cash segment, requiring trading and clearing members to compulsorily collect certain margins from clients upfront.
- Anil Ambani's Reliance Capital said its shareholding in subsidiary Reliance General Insurance was transferred to IDBI Trustee Services upon invocation of pledge.
E-commerce companies in India are expected to see sales of up to $6 billion during the upcoming festive season, according to consulting firm RedSeer. In the first phase of festive sales, companies saw sales of close to $3 billion, up 30% from the previous year. A drug manufacturing facility of Bliss GVS Pharma in India cleared an inspection by the USFDA. The domestic steel industry has asked the government to continue imposing anti-dumping duties on certain steel products imported from China, Malaysia, and South Korea. Fintech startup Shubh Loans received a license from the RBI to set up a non-banking financial company.
The document summarizes the Asian Development Bank's revised outlook for the Indian economy in fiscal years 2019 and 2020. It reports that growth is now expected to be 6.5% in FY2019, down from the previous forecast of 7%, due to weaker growth in the first quarter. It also predicts growth of 7.2% in FY2020, unchanged from the previous forecast, expecting a recovery in domestic demand and investment.
This document provides stock picks and sector developments for the 4th week of December 2019. It recommends buying three stocks - Auro Pharma at 473, Cadila Healthcare at 260, and M&M at 540 - with potential target prices. It also includes sector news updates on banking, media, energy, IT, and pharma. Charts are provided analyzing the technical patterns for the recommended stock purchases. The document ends with a disclaimer about the information provided.
The document provides information on recent economic developments in India:
- Major Indian banks like SBI, IDBI and IndianBank will link floating rate loans for MSMEs, housing and retail to the repo rate starting October 1st, 2019.
- Bank credit to MSMEs has grown at 15% annually over the last decade, with services accounting for over 60% of total MSME credit. As of July 2019, outstanding MSME credit totalled Rs. 10.47 lakh crores.
- Incremental bank credit to MSMEs contracted by 1.8% from March to July 2019, an improvement from the 2.5% contraction in the same period last year.
- India cut corporate tax rates to 25% and introduced a new tax rate of 15% for new domestic manufacturing companies to boost manufacturing.
- Other tax reliefs announced include withdrawing the enhanced surcharge on capital gains tax for listed securities and mutual funds.
- The moves are aimed at making India a more competitive investment destination and taking advantage of the US-China trade war.
The document provides a summary of the top 10 things to know from November 7th, including:
1) Lupin plans to seek re-inspection of its Goa and Somerset plants by the USFDA by March 2020.
2) Indiabulls Housing Finance reported a 32% decline in Q2 net profit.
3) Moody's placed Yes Bank's ratings under review for a possible downgrade.
The document provides an economic spotlight report for 12 September 2019. It summarizes developments in the Indian debt market for August 2019, including a rise in central government and corporate bond issuances and borrowings. Yields on government and corporate bonds declined further. Bank credit growth slowed while external commercial borrowings by corporations increased.
- Gold imports to India dipped 9% during April-October 2019, helping narrow the trade deficit.
- After Jet Airways shut down, Lufthansa plans to strengthen partnerships with Indian airlines like Vistara and Air India in 2020.
- A report recommends that Indian public sector enterprises bid for international projects as a consortium to enhance their global reach.
The document summarizes investment patterns of Indian mutual funds in October 2019. It notes that the largest share (47%) of debt assets under management (AUM) were invested in short-term instruments under 90 days. The second highest category was corporate debt papers at 27.4% of debt AUMs. It also analyzes fund deployment across various debt instruments like commercial papers, government securities, and exposures to sectors for equity AUMs.
Reliance Capital defaults on two NCD payments that were due on October 16th and 17th. CARE Ratings had downgraded Reliance Capital's entire debt to default rating on September 20th. The IMF and World Bank see a Brexit deal boosting global growth outlook. Oil prices fell on higher US crude stockpiles and weak economic figures, though lower fuel inventories helped offset the decline. Zee Entertainment reported a 2% growth in advertising revenue in Q2FY20, beating the industry trend of muted ad growth.
- In the first half of fiscal year 2020 (H1 FY20), automobile sales in India witnessed their sharpest decline in 5 years at 14.4% year-over-year due to factors like price hikes from new safety regulations, higher insurance costs, and high dealer inventories.
- Commercial vehicle sales declined the most at 24.8% year-over-year in H1 FY20 due to increased axle load capacity and reduced lending by non-banking financial companies.
- While September 2019 sales continued to decline year-over-year, they increased month-over-month for passenger vehicles, commercial vehicles, and three-wheelers, indicating a potential recovery.
The RBI approved trading of rupee derivatives with settlement in foreign currency at the International Financial Services Centre in GIFT City, Gujarat on October 4, 2019. This is expected to improve revenue prospects for onshore international exchanges located in GIFT-IFSC by attracting some offshore currency derivatives trading onshore. It also aims to make exchange rate management more effective and reduce disjointed price discovery. The decision was made in light of sharp growth in offshore rupee trading volumes exceeding onshore volumes, with around 50% of rupee derivatives traded offshore in exchanges like DGCX and SGX.
Boris Johnson sent an unsigned letter to the EU requesting a Brexit extension as required by law, though he wants to leave by the October 31 deadline.
Thomas Cook India's domestic leisure business is growing at 25% annually, outpacing its outbound segment, and it does not expect the collapse of UK's Thomas Cook to impact its operations.
Shree Cements' September 2019 net sales were up 5.22% year-over-year to Rs 3,004.45 crore, while net profit increased 414.1% to Rs 310.62 crore over the same period.
The document provides analysis of the Nifty 50, Bank Nifty, and Nifty IT indices for the week ending January 4th, 2020. It summarizes the weekly high, low, and close for each index. It also identifies resistance and support levels and provides a research report call to buy or sell each index based on breaks of those levels. For Nifty IT, it additionally provides the latest news and commentary on growth prospects for the Indian IT sector.
The document provides a weekly stock picks report for the third week of February 2019. It recommends buying three stocks - Wipro at Rs. 245.50, Divis Labs at Rs. 1850, and Mindtree at Rs. 770. It estimates the potential portfolio return based on equal investment in each stock. The document also provides a weekly sector developments report, with news briefs on banking, media, energy, IT, and pharma sectors. It includes analysis and arguments for buying the three recommended stocks. The document ends with legal disclaimers around risks of investment decisions.
The document summarizes key points about the logistics sector in India:
1) The logistics sector is fundamental to India's economic development and is expected to reach $215 billion by 2020, driven by growth in manufacturing, retail, FMCG and e-commerce.
2) Transportation accounts for over 85% of the logistics sector currently, though development of infrastructure may improve efficiency over time.
3) The government has set a target to reduce India's high logistics costs from 14% to 9% of GDP by 2022 through coordinated efforts across various transportation ministries.
This document provides a weekly stock picks report for the third week of October 2019. It recommends buying three stocks - Biocon at Rs. 250, Bajaj Finance at Rs. 4020, and Voltas at Rs. 680. It estimates the potential portfolio return from these picks. The document also provides sector developments on banking, media, energy, IT, and pharma. It gives rationales for recommending the three stock picks and disclaims legal responsibility for any losses from trading.
The document discusses unclaimed insurance money in India. It states that as of March 2018, over Rs. 15,167 crores of policyholders' money was lying unclaimed with life insurers in India, with LIC accounting for Rs. 10,509 crores of this total. It provides details on the top private insurers with unclaimed amounts. Further, it outlines the steps policyholders can take to check for any unclaimed amounts on insurer websites and the new rules stipulating that unclaimed amounts will be transferred to the Senior Citizens Welfare Fund if unclaimed for 10 years.
The cement sector in India is the second largest in the world. Production capacity was 502 MTPA in 2018 and is expected to increase by 20 MTPA by 2021. Cement production is projected to grow 5-7% in 2020 due to demand from infrastructure projects. Exports of cement have increased at a CAGR of 10.54% between 2012-2019 while imports have risen 7.99% annually. Major strategies in the sector include expanding regional presence, partnerships for more efficient production, and mergers and acquisitions.
- Equity schemes make up the largest share (72%) of total mutual fund folios in India, followed by hybrid schemes (96 lakh folios) and debt schemes (68 lakh folios).
- Systematic investment plans (SIPs) are growing in popularity, with an average of 9.24 lakh new SIP accounts added per month and total SIP accounts of ~2.84 crore.
- The assets under management of the Indian mutual fund industry stood at Rs. 24.51 lakh crore in September 2019, a 3% increase from March 2019. However, assets fell by Rs. 0.97 lakh crore from August 2019.
The rupee fell 68 paise against the US dollar due to rising crude oil prices after drone attacks on Saudi oil facilities. NCLAT will hear probe agencies regarding JSW Steel's plea seeking immunity after acquiring Bhushan Power and Steel. Jet Airways lenders presented to Synergy Group, the potential sole buyer of the bankrupt airline. The government exempted cash payments over Rs. 1 crore via APMCs from a 2% TDS to provide relief to the farm sector.
The document provides technical analysis and charts for several stocks, including both bullish and bearish outlooks. Key points include:
- Just Dial Ltd. has formed a reverse head and shoulder pattern indicating a bullish outlook over the period from October 18th to December 6th.
- Tata Elxsi Ltd. formed bullish candlestick patterns and has broken out of the upper Bollinger band, suggesting further upside potential.
- Bharat Heavy Electricals Ltd. is in an oversold range and formed a bearish candlestick pattern, implying further downside risk.
- The document concludes with disclaimers about the nature of the analysis and recommendations provided.
- Bank of Maharashtra filed a police complaint against the spreading of fake news and rumours about its financial health on social media platforms and WhatsApp.
- Karnataka Bank's Q2 net profit fell 5.3% to Rs 105.91 crore as bad loans increased marginally.
- SEBI issued a new cybersecurity framework for KYC Registration Agencies in response to concerns over possible data breaches.
1. SEBI has permitted mutual funds to create segregated portfolios of unrated debt instruments subject to certain conditions.
2. DLF reported a 19% rise in Q2 profit to Rs. 445 crore and appointed Vivek Anand as group CFO.
3. Cipla expects to end the fiscal year with gross margins of 65-66% and EBITDA margins of 18-20% led by new launches in the second half.
The document provides an economic spotlight report for 12 September 2019. It summarizes developments in the Indian debt market for August 2019, including a rise in central government and corporate bond issuances and borrowings. Yields on government and corporate bonds declined further. Bank credit growth slowed while external commercial borrowings by corporations increased.
- Gold imports to India dipped 9% during April-October 2019, helping narrow the trade deficit.
- After Jet Airways shut down, Lufthansa plans to strengthen partnerships with Indian airlines like Vistara and Air India in 2020.
- A report recommends that Indian public sector enterprises bid for international projects as a consortium to enhance their global reach.
The document summarizes investment patterns of Indian mutual funds in October 2019. It notes that the largest share (47%) of debt assets under management (AUM) were invested in short-term instruments under 90 days. The second highest category was corporate debt papers at 27.4% of debt AUMs. It also analyzes fund deployment across various debt instruments like commercial papers, government securities, and exposures to sectors for equity AUMs.
Reliance Capital defaults on two NCD payments that were due on October 16th and 17th. CARE Ratings had downgraded Reliance Capital's entire debt to default rating on September 20th. The IMF and World Bank see a Brexit deal boosting global growth outlook. Oil prices fell on higher US crude stockpiles and weak economic figures, though lower fuel inventories helped offset the decline. Zee Entertainment reported a 2% growth in advertising revenue in Q2FY20, beating the industry trend of muted ad growth.
- In the first half of fiscal year 2020 (H1 FY20), automobile sales in India witnessed their sharpest decline in 5 years at 14.4% year-over-year due to factors like price hikes from new safety regulations, higher insurance costs, and high dealer inventories.
- Commercial vehicle sales declined the most at 24.8% year-over-year in H1 FY20 due to increased axle load capacity and reduced lending by non-banking financial companies.
- While September 2019 sales continued to decline year-over-year, they increased month-over-month for passenger vehicles, commercial vehicles, and three-wheelers, indicating a potential recovery.
The RBI approved trading of rupee derivatives with settlement in foreign currency at the International Financial Services Centre in GIFT City, Gujarat on October 4, 2019. This is expected to improve revenue prospects for onshore international exchanges located in GIFT-IFSC by attracting some offshore currency derivatives trading onshore. It also aims to make exchange rate management more effective and reduce disjointed price discovery. The decision was made in light of sharp growth in offshore rupee trading volumes exceeding onshore volumes, with around 50% of rupee derivatives traded offshore in exchanges like DGCX and SGX.
Boris Johnson sent an unsigned letter to the EU requesting a Brexit extension as required by law, though he wants to leave by the October 31 deadline.
Thomas Cook India's domestic leisure business is growing at 25% annually, outpacing its outbound segment, and it does not expect the collapse of UK's Thomas Cook to impact its operations.
Shree Cements' September 2019 net sales were up 5.22% year-over-year to Rs 3,004.45 crore, while net profit increased 414.1% to Rs 310.62 crore over the same period.
The document provides analysis of the Nifty 50, Bank Nifty, and Nifty IT indices for the week ending January 4th, 2020. It summarizes the weekly high, low, and close for each index. It also identifies resistance and support levels and provides a research report call to buy or sell each index based on breaks of those levels. For Nifty IT, it additionally provides the latest news and commentary on growth prospects for the Indian IT sector.
The document provides a weekly stock picks report for the third week of February 2019. It recommends buying three stocks - Wipro at Rs. 245.50, Divis Labs at Rs. 1850, and Mindtree at Rs. 770. It estimates the potential portfolio return based on equal investment in each stock. The document also provides a weekly sector developments report, with news briefs on banking, media, energy, IT, and pharma sectors. It includes analysis and arguments for buying the three recommended stocks. The document ends with legal disclaimers around risks of investment decisions.
The document summarizes key points about the logistics sector in India:
1) The logistics sector is fundamental to India's economic development and is expected to reach $215 billion by 2020, driven by growth in manufacturing, retail, FMCG and e-commerce.
2) Transportation accounts for over 85% of the logistics sector currently, though development of infrastructure may improve efficiency over time.
3) The government has set a target to reduce India's high logistics costs from 14% to 9% of GDP by 2022 through coordinated efforts across various transportation ministries.
This document provides a weekly stock picks report for the third week of October 2019. It recommends buying three stocks - Biocon at Rs. 250, Bajaj Finance at Rs. 4020, and Voltas at Rs. 680. It estimates the potential portfolio return from these picks. The document also provides sector developments on banking, media, energy, IT, and pharma. It gives rationales for recommending the three stock picks and disclaims legal responsibility for any losses from trading.
The document discusses unclaimed insurance money in India. It states that as of March 2018, over Rs. 15,167 crores of policyholders' money was lying unclaimed with life insurers in India, with LIC accounting for Rs. 10,509 crores of this total. It provides details on the top private insurers with unclaimed amounts. Further, it outlines the steps policyholders can take to check for any unclaimed amounts on insurer websites and the new rules stipulating that unclaimed amounts will be transferred to the Senior Citizens Welfare Fund if unclaimed for 10 years.
The cement sector in India is the second largest in the world. Production capacity was 502 MTPA in 2018 and is expected to increase by 20 MTPA by 2021. Cement production is projected to grow 5-7% in 2020 due to demand from infrastructure projects. Exports of cement have increased at a CAGR of 10.54% between 2012-2019 while imports have risen 7.99% annually. Major strategies in the sector include expanding regional presence, partnerships for more efficient production, and mergers and acquisitions.
- Equity schemes make up the largest share (72%) of total mutual fund folios in India, followed by hybrid schemes (96 lakh folios) and debt schemes (68 lakh folios).
- Systematic investment plans (SIPs) are growing in popularity, with an average of 9.24 lakh new SIP accounts added per month and total SIP accounts of ~2.84 crore.
- The assets under management of the Indian mutual fund industry stood at Rs. 24.51 lakh crore in September 2019, a 3% increase from March 2019. However, assets fell by Rs. 0.97 lakh crore from August 2019.
The rupee fell 68 paise against the US dollar due to rising crude oil prices after drone attacks on Saudi oil facilities. NCLAT will hear probe agencies regarding JSW Steel's plea seeking immunity after acquiring Bhushan Power and Steel. Jet Airways lenders presented to Synergy Group, the potential sole buyer of the bankrupt airline. The government exempted cash payments over Rs. 1 crore via APMCs from a 2% TDS to provide relief to the farm sector.
The document provides technical analysis and charts for several stocks, including both bullish and bearish outlooks. Key points include:
- Just Dial Ltd. has formed a reverse head and shoulder pattern indicating a bullish outlook over the period from October 18th to December 6th.
- Tata Elxsi Ltd. formed bullish candlestick patterns and has broken out of the upper Bollinger band, suggesting further upside potential.
- Bharat Heavy Electricals Ltd. is in an oversold range and formed a bearish candlestick pattern, implying further downside risk.
- The document concludes with disclaimers about the nature of the analysis and recommendations provided.
- Bank of Maharashtra filed a police complaint against the spreading of fake news and rumours about its financial health on social media platforms and WhatsApp.
- Karnataka Bank's Q2 net profit fell 5.3% to Rs 105.91 crore as bad loans increased marginally.
- SEBI issued a new cybersecurity framework for KYC Registration Agencies in response to concerns over possible data breaches.
1. SEBI has permitted mutual funds to create segregated portfolios of unrated debt instruments subject to certain conditions.
2. DLF reported a 19% rise in Q2 profit to Rs. 445 crore and appointed Vivek Anand as group CFO.
3. Cipla expects to end the fiscal year with gross margins of 65-66% and EBITDA margins of 18-20% led by new launches in the second half.
The document provides a summary of the top 10 things to know from 06 November 2019. It includes the following key points:
1. The Finance Minister reiterated the government's commitment to reform cooperative banks in the wake of the PMC Bank crisis.
2. The Adani Group sought court approval to complete its purchase of a 13.5% stake in Mumbai airport from Bidvest before the deadline.
3. SEBI issued new guidelines for foreign portfolio investors and designated depository participants to facilitate the implementation of new FPI regulations.
- India will invest $100 billion in energy infrastructure to meet growing energy needs and invited Saudi investment.
- RBI imposed a penalty of Rs 1 crore on Bandhan Bank for failing to reduce a shareholder's stake to 40% within 3 years as required.
- The government formed an inter-ministry committee to explore a financial bailout package for struggling telecom companies.
- Wipro set up an engineering center in Virginia, US, creating 200 new jobs.
The document provides a summary of 10 news stories:
1) Hanung Toys promoter detained at airport due to unpaid debts of Rs 2,300 crore to banks led by PNB.
2) Real estate builders want consumer complaints heard by RERA before insolvency proceedings due to many bankruptcy cases against builders.
3) Yes Bank aims to raise $1.2 billion by December from new investors who may get board representation.
The document provides a summary of 10 news stories:
1. National Housing Bank has an exposure of Rs. 2,435 crore to DHFL as of March 2019.
2. Torrent Pharmaceuticals received a warning letter from the US FDA regarding its facility in Gujarat.
3. Motilal Oswal has adopted an NLG platform to generate customized multi-lingual portfolio reports.
4. A security flaw was detected on Just Dial that could allow hackers to access over 156 million user accounts.
The document provides a summary of 10 news stories:
1) Reliance Industries increases its stake in Future101 Design to 17.5%.
2) HDFC acquires a 9.89% stake in Bandhan Bank as part of a merger scheme.
3) Credit rating agency Care downgrades ratings for Vodafone Idea's bank facilities and bonds due to a recent court ruling on telecom dues.
The rupee rose to a two-week high against the US dollar on hopes of a partial US-China trade deal. Oil prices slipped on a US inventory build but were supported by possible OPEC cuts. Uday Kotak of Kotak Mahindra Bank said the economic slowdown is likely to push up credit costs for the private sector. Sebi issued rules for listing commercial paper to broaden investor participation. Demand for residential properties rose 15-30% this festive season in Tier 1 cities.
1. The USD/INR currency pair is expected to trade sideways with a positive bias around 70.8-71.47 in the coming weeks. On Friday, USD/INR showed a recovery from lower levels and ended with an upward "Hammer" candlestick pattern, suggesting a mild bounce is likely in the coming days.
2. India's Finance Minister said there are currently no plans to revise the country's fiscal deficit target, though experts believe it will widen due to corporate tax cuts.
3. Industry leaders expect the recent reduction in corporate tax rates to boost the economy and lead to a faster turnaround, though focus is now needed on spurring demand.
The document provides a summary of 10 news stories:
1. Oil prices dipped on concerns about weak demand outlook despite a surprise draw in US crude stocks.
2. The IMF forecasts India's GDP growth will rebound to around 7% in the next fiscal year, supported by monetary stimulus and tax cuts.
3. The Indian rupee rose slightly against the US dollar due to easing oil prices but foreign capital outflows limited gains.
The document provides a summary of the top 10 news stories from 11 November 2019. The summaries are:
1. The Finance Minister said a new book on global finance suggests solutions for challenges facing the world economy and Indian economy.
2. Infosys is looking to strengthen its investigation into whistleblower allegations against executives by appointing additional law firms.
3. The Environment Ministry approved IOCL's plan to set up a Rs. 766 crore 2G ethanol plant in Panipat, Haryana.
The document provides a summary of 10 news stories:
1. DDA relaxed norms for household industrial units in Delhi and raised the limit for residential plot amalgamation.
2. SAIL reported a loss of Rs. 342.84 crore for the July-September quarter due to lower demand and prices.
3. Future Retail's net profit declined 6.92% to Rs. 165.08 crore for the second quarter despite higher revenues.
4. CCI approved Adani Properties' acquisition of a 23.5% stake in Mumbai International Airport.
The document provides a summary of the top 10 news stories from 18 November 2019. The stories include:
1) NBCC sweetening its bid to acquire Jaypee Infratech by offering more land and flats to lenders.
2) The Economic Offences Wing conducting a search at the residence of Rajneet Singh, who was arrested in connection with the PMC Bank scam.
3) The government considering re-introducing restrictions on royalty payments for technology transfers due to high outflows.
Tata Steel's crude steel production increased 4.65% to 4.5 million tonnes in Q2 2020 compared to Q2 2019. However, sales volumes declined as overall steel demand was impacted by weak economic activity and heavy rains. Suzuki lowered its sales estimates for the current fiscal year by 10.3% due to a slowdown in the Indian automobile market. The government has constituted a committee to suggest measures to augment declining GST revenues and expand the tax base.
HCL Technologies launches dedicated Google Cloud business unit to accelerate cloud adoption worldwide. India will appeal a WTO panel ruling that held its export incentive schemes are inconsistent with global trade norms. SEBI directs listed banks to disclose any bad loan provisioning divergence within 24 hours of receiving RBI's risk assessment report. Airtel slashes broadband plan prices by up to 10% and loads additional data.
The document is an economic spotlight report from September 4, 2019. It provides the following key information:
- The Services PMI for India dropped to 52.4 in August 2019 from 53.8 the previous month, indicating a slower but continued expansion in the services sector.
- Several major economic indicators point to an economic slowdown in India, with GDP growth at its lowest in 26 quarters, core sector growth at its lowest in 50 months, and the rupee trading below 72 against the dollar.
- The report says the services PMI highlights sustained increases in activity, sales and employment in August, though input cost inflation slowed and business sentiment was up to a one-year high.
Wipro has bagged a $300 million, 7-year contract from ICICI Bank to provide services through its artificial intelligence platform. The RBI has asked banks to link all new floating rate loans to external benchmarks like the repo rate for faster transmission of rate cuts. Despite policy changes, FPI flows into India are expected to remain subdued in the near to medium term according to a report. The auto industry faces a difficult rest of the year due to the transition to stricter BS-VI emission norms.
1. Several public sector banks like Canara Bank and Corporation Bank announced the launch of new repo rate linked loan products to comply with RBI's mandate and faster transmission of interest rate cuts.
2. SpiceJet will take four Boeing 737 MAX aircraft that were previously operated by now-defunct Jet Airways as the airline continues its expansion plans.
3. Ultra-clean BS-VI grade fuel supplies will be expanded to seven more districts in Haryana from October 1st to cover the entire National Capital Region as oil companies extend coverage nationwide in a phased manner ahead of the April 2020 deadline.
1. Three IL&FS group companies - Moradabad Bareilly Expressway, Jharkhand Road Projects Implementation Company, and West Gujarat Expressway - have moved from the amber list to the green list after signing term sheets with lenders to repay debts worth Rs. 5,071 crore.
2. The Cabinet will soon decide on the proposed vehicle scrapping policy, which the Road Transport and Highways Minister has cleared and received finance ministry approval for.
3. The RBI Governor expressed hope that the ongoing crisis in Saudi Arabia increasing crude oil prices will have a limited impact on inflation and fiscal numbers in India.
This document provides a summary of key economic data being released during the week of March 9-14, 2020. It lists the date, time, and country/region that the economic indicator is being released for, along with the specific indicator such as consumer confidence, GDP, manufacturing PMI, etc. There is also a disclaimer at the end related to the information provided and legal terms of using the website.
The document provides a report on gold and silver prices and analysis from the MCX (Multi Commodity Exchange) on March 21, 2020.
The 3 sentence summary is:
Gold prices on the MCX rose 0.75% to Rs. 40,129 per 10 grams as speculators created new positions amid a firm global trend, while silver prices soared Rs. 914 to Rs. 36,016 per kg as participants widened bets due to a firm global trend. The report provides technical analysis and recommendations to sell gold at Rs. 38,400 and silver at Rs. 33,047 based on support and resistance levels.
The document provides details of an option trading strategy for Ultratech Cement. It recommends buying 3400 call options of Ultratech Cement at Rs. 299 with a lot size of 200, maximum loss of Rs. 63,100, and unlimited profit potential. The strategy rationale is that Ultratech Cement has broken resistance and sustained above that level, indicating a high probability of the stock price rising further.
- The USD was higher against the INR on Friday after the Indian Prime Minister announced a nationwide curfew on Sunday to combat the spread of coronavirus.
- USD/INR was trading at 75.15, up 0.50% for the day. The research recommendation was to buy USD/INR at 75.24 with a target of 76.5 and stop loss of 74.2.
- The document provided a technical analysis of USD/INR along with a research recommendation for trading the currency pair.
The document provides analysis and recommendations on the Indian stock market and some specific stocks. It discusses key support and resistance levels for indexes like Nifty and Bank Nifty. It provides both short term and medium term buy recommendations for stocks like Reliance, Tata Steel, and Maruti among others. The document also summarizes global market conditions and movements in crude oil prices.
Silver, gold and crude oil futures prices rose on Friday according to the commodity snapshot document. Natural gas markets fluctuated after rising on Thursday. Nickel futures also gained on Friday due to rising demand. The aluminum industry may see reduced production and loads due to the automotive sector slowing down as a result of the coronavirus crisis in Germany and Europe. Rubber prices declined as tyre makers and domestic stockists were not interested in increasing commitments.
- The document provides a sector-wise breakdown of the movement in the Indian stock market on March 21, 2020. Most sectors saw gains ranging from 3.4% to 10.1%.
- It also lists support and resistance levels for the Nifty and Bank Nifty indexes. Foreign and domestic institutional investor activity is shown for the past few days.
- The indexes saw gains on March 20 on hopes of a government stimulus and positive global cues, breaking a four-day losing streak. However, the market remains sell-on-rally due to coronavirus pessimism.
JSW Steel is an Indian steel company and one of the fastest growing in India. It has a footprint in over 140 countries. JSW Steel is India's second largest private sector steel company with an installed capacity of 18 MTPA. The document provides a rating of "Buy" for JSW Steel with a target price of INR 250 and discusses the company's financial performance, growth, capacity expansion plans, and valuation compared to peers.
- The stock market indices in India ended lower for the fourth consecutive session on March 19 due to concerns over the COVID-19 pandemic and its economic impact. The Sensex closed down 581 points and Nifty fell 205 points.
- The economic impact of the COVID-19 pandemic is being felt globally via supply chain disruptions and a slowdown in demand as more countries implement lockdowns and social distancing measures. This will likely weaken the global economy in the first half of 2020.
- The effects of the pandemic are expected to be prolonged, with supply chain disruptions in China gradually easing by mid-April but the impact on travel and tourism likely lasting until June. Weak demand from lockdowns
- Gold futures rose on Friday due to safe haven demand amid the accelerated spread of COVID-19, lower US equities, and a weaker US dollar.
- The Dow Jones fell 0.8% and the US Dollar Index fell 0.25%, both lending support to gold prices.
- Silver markets also rallied, piercing the $13 level and looking to build a base as the market has been oversold, though industrial demand for silver will be negatively impacted by the pandemic.
Sector weekly perfomance 21 st mar - 2020stockquint
This document provides a weekly sector performance report covering several industries in India. It discusses how the continued spread of COVID-19 is negatively impacting the automobile sector through supply chain disruptions from China and potential declines in demand. It also notes challenges for the banking sector from the pandemic's economic effects. The FMCG sector continues to see a slowdown, especially in rural areas. The pharmaceutical industry may need to reduce dependence on China for active pharmaceutical ingredients. The NBFC, oil and gas, and stressed asset management sectors are also addressed.
Derivative weekly report 21 st mar - 2020stockquint
The document provides analysis of the Indian stock market and recommends buying Hindustan Unilever Limited futures. It analyzes technical indicators for the Nifty 50 index and Bank Nifty index, noting support and resistance levels. It also discusses currency movements between the Indian rupee and US dollar. Open interest data for various securities is presented.
- Several key sectors saw declines last week, with the BSE PSU index falling -133.2 points and the BSE Bankex index declining -236.68 points.
- The Nifty index failed to break above previous highs and closed the week down 32.6 points at 12,080.85. Technical indicators suggest the potential for further declines in the short term.
- Mobile carriers including Vodafone Idea were ordered to pay thousands of crores in dues following a Supreme Court ruling. Official macroeconomic data will be monitored for signs of economic revival.
This document provides a weekly sector analysis and stock picks for the third week of February 2020. It includes:
- A performance summary of various sectors for the week.
- Potential stock picks to buy or sell for the week, including entry prices and targets.
- A discussion of developments in sectors such as banking, auto, energy, and telecom.
This document provides a summary of key economic data being released for the week of February 24, 2020 to February 29, 2020 from various countries including New Zealand, Eurozone, Australia, Canada, China, and the United States. It also includes disclaimers about investment risks and responsibilities for the information provided.
- The weekly market report provides an overview of the performance of key indices like Nifty and Bank Nifty for the week ending February 20, 2020. Nifty ended the week lower by 32 points at 12,080 levels while Bank Nifty closed lower by 287 points at 30,942 levels.
- Most sectors ended in red for the week with auto, metal and PSU banking indices falling the most. IT was the only sector in green, gaining over 1%. Foreign institutional investors were net sellers in the cash market during the week.
- Going forward, analysts will monitor official economic data for signs of recovery in the slowing Indian economy. The report provides technical levels for the indices along with details of sector performances.
1. The Sensex closed up 428 points and the Nifty closed up 133 points, with both indices breaking a four-day losing streak.
2. On the Nifty, gainers included Bharti Infratel, Grasim Industries, Coal India, HUL and Zee Entertainment. Losers included Tata Motors, JSW Steel, Sun Pharma, TCS and Bharti Airtel.
3. The short term resistance for the Nifty is expected at 12,250 with support at 12,000, while the RSI showed a rise reaching 51 levels.
1) Bajaj Finance beat analyst estimates with its Q3 profit rising 52.2% YoY to Rs. 1,614 crore and net interest income increasing 41.4% YoY. Provisions increased sharply by 83% YoY and 40% QoQ.
2) The stock recommendation is to buy Bajaj Finance at Rs. 4780 with price targets of Rs. 5000 within 15 days as the price is trading above the 50 and 200 day moving averages and MACD is showing a bullish crossover.
3) The company added 182 new locations in Q3FY20 taking its total geographic presence to 2,179 locations in India as of December 31, 2019.
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.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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2. 1
17 October 2019
TOP 10 THINGS TO KNOW
Union Bank of India sanctions loans of Rs 3,000-4,000 crore
since “loan mela” kick off
State-run lender, Union Bank of India has sanctioned loans worth Rs 3,000-4,000
crore in the first phase of government’s credit outreach programme, Managing
Director Rajkiran Rai G said, adding that the numbers are expected to go up going
forward. “We are expecting the numbers to pick up as we are getting into the
busy season. October onwards our credit pick up is always better,” Rai said.
Indiabulls Housing Finance files criminal complaint against alleged
miscreants spreading fake news
Indiabulls Housing Finance has filed a criminal complaint with the Mumbai police
against certain people who have allegedly been spreading false news to harm the
company. According to a release filed with the exchanges, the accused persons,
“have hatched a pre-planned criminal conspiracy with intent to cause wrongful
loss to Indiabulls Housing Finance Limited, its shareholders and investors.”
Coal shortage has impacted aluminium production: Nalco
State-run Nalco on Wednesday said coal shortages have severely impacted its
aluminium production. "Short supply of coal has severely impacted Aluminium
production of NALCO and also the cost of power, as the power purchased from
the grid is costly as compared to the power produced by NALCO at its CPP," the
PSU said in a statement. Presently, three units of Nalco's Captive Power Plant
(CPP), each of 120 MW capacity, are under shutdown and further one more unit
will be shut due to coal shortage, it said.
Growth in Mindtree healthy, but digital revenues need to pick up:
Analyst
Mindtree is growing at a healthy pace but it needs to step up its digital growth,
which grew close to 19 percent in the quarter ended September 2019. Digital
offerings has been growing at a much faster pace, between 25-40 percent, for IT
firms. For a company where digital accounts for about 50 percent of the overall
revenue, the growth of 18.8 percent is worrying, said experts.
3. 2
Hong Kong nerves keep Wall Street on edge
Wall Street inched lower on October 16 as a congressional bill related to the
Hong Kong protests stoked fears of more friction with China, even as another
batch of positive earnings reports underscored a solid start to third quarter
results. Bank of America, the second-largest U.S. bank by assets, rose 2.3% in
premarket trading after beating Wall Street estimates for third-quarter profit
as it earned more in advisory fees and grew its loan book.
Reliance Industries can become 1st Indian firm to hit $200 bn m-
cap in 24 months
Reliance Industries in 24 months can become the first Indian company to
reach $200 billion market cap on the back of its new commerce venture and
fixed broadband business, Bank of America Merrill Lynch said on October 16.
In a report, the brokerage said the key drivers necessary for Reliance to
breach $200 billion market cap in 24 months from current $122 billion
market cap are new commerce initiative of empowering Kiranas in
unorganised retail market by offering MPoS (mobile point-of-sale), entry into
SME enterprise space with Microsoft, Jio's fiber broadband business and
digital initiatives like advertising.
DB Corp Q2 net profit up 63.6% at Rs 75 cr
Media group DB Corp on Wednesday reported a 63.6 per cent increase in
consolidated net profit at Rs 75.57 crore in the second quarter ended on
September 30, 2019. The company had reported a net profit of Rs 46.19 crore
in the July-September quarter a year ago. However, revenue from operations
during the quarter under review was down 8.70 per cent at Rs 531.39 crore as
against Rs 582.09 crore in second quarter of 2018-19.
17 October 2019
Mindtree Q2 net profit up 46% QoQ on better operating income
Mindtree's Q2 FY20 consolidated net profit rose 45.6 percent quarter-on-quarter
to Rs 135 crore on the back better operating income. Revenue increased 4.4
percent to Rs 1,914.3 crore, while dollar revenue rose 2.6 percent to $271
million. EBIT for the quarter stood at Rs 177.5 crore, up 51.5 percent, while EBIT
margin saw a 290 bps increase to 9.3 percent..
4. 3
Hathway Cable Q2 net loss at Rs 2.42 cr
Hathway Cable and Datacom October 16 reported narrowing down of
its consolidated net loss to Rs 2.42 crore for the second quarter ended
September 30. The company had reported a consolidated net loss of
Rs 84.70 crore in the July-September quarter a year ago, Hathway
Cable and Datacom said in a regulatory filing. Its total income was up
28.87 per cent to Rs 510.77 crore during the period under review as
against Rs 396.33 crore in the same quarter previous fiscal.
RBI board questions Governor Shaktikanta Das on financial scams
since 2018: Report
Two external directors on the board of Reserve Bank of India (RBI)
questioned Governor Shaktikanta Das about scams that have been
unearthed in the banking sector since 2018, according to an Economic
Times report. The directors questioned Das over the Punjab National
Bank (PNB) scam involving fugitive economic offender Nirav Modi and
his uncle Mehul Chowksi, irregularities detected following the
IL&FS scam that surfaced in September 2018, and the recent Punjab
and Maharashtra Co-operative Bank (PMC) Bank scam. A few
members of the board voiced their concerns over the the supervision
performed by RBI officials.
17 October 2019
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