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.
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 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.
This document summarizes a study analyzing the impact of India's new corporate tax rate of 25.17% on companies' tax savings for the 2019 fiscal year. Key findings of the study include:
- 1,192 companies would see tax savings of Rs 41,555 crore from the new lower tax rate.
- Total tax paid by the 2,377 companies studied was Rs 2.37 lakh crore at an effective tax rate of 27.5%.
- The tax savings could increase banks' ability to lend by up to Rs 1.2 lakh crore if reserves increase due to lower taxes.
This document discusses several cases related to the status of guarantors under the Insolvency and Bankruptcy Code (IBC) 2016 in India. It summarizes key rulings that found corporate guarantees to be considered "financial debt", allowing guarantors to be treated as financial creditors. It also discusses cases around admitting CIRP applications for both borrowers and guarantors simultaneously, as well as cases related to personal guarantees and whether guarantors are subject to moratorium or eligible to submit resolution plans.
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.
Bloomberg Dec 10, 2009 Sensex Advances On Borrowing Rules Led By Bharti, Jaip...Jagannadham Thunuguntla
“This is good for the companies because they require heavy capital expenditure,” said Jagannadham Thunuguntla, chief strategist at SMC Capitals Ltd. in New Delhi. “It makes sense to allow such companies to borrow from abroad.”
The document summarizes key aspects of initiating a corporate insolvency resolution process (CIRP) by a financial creditor under the Insolvency and Bankruptcy Code, 2016 (IBC). It discusses how a financial creditor can file an application for CIRP with the Adjudicating Authority when a default occurs. It outlines the information and documents that must be provided along with the application. It also describes how the Authority will ascertain if a default has occurred and either admit or reject the application within 14 days, and the implications of each decision. Finally, it briefly mentions Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 regarding the required form and accompanying
Buzz on Corporate Laws: eNewsletter: December 2014 issuePrakash Pandya
Buzz on Corporate Laws, an eNewsletter of P. K. Pandya & Co.: December 2014 issue - covers legal updates. To subscribe http://newsletter.pkpandya.com/?p=subscribe&id=1
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 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.
This document summarizes a study analyzing the impact of India's new corporate tax rate of 25.17% on companies' tax savings for the 2019 fiscal year. Key findings of the study include:
- 1,192 companies would see tax savings of Rs 41,555 crore from the new lower tax rate.
- Total tax paid by the 2,377 companies studied was Rs 2.37 lakh crore at an effective tax rate of 27.5%.
- The tax savings could increase banks' ability to lend by up to Rs 1.2 lakh crore if reserves increase due to lower taxes.
This document discusses several cases related to the status of guarantors under the Insolvency and Bankruptcy Code (IBC) 2016 in India. It summarizes key rulings that found corporate guarantees to be considered "financial debt", allowing guarantors to be treated as financial creditors. It also discusses cases around admitting CIRP applications for both borrowers and guarantors simultaneously, as well as cases related to personal guarantees and whether guarantors are subject to moratorium or eligible to submit resolution plans.
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.
Bloomberg Dec 10, 2009 Sensex Advances On Borrowing Rules Led By Bharti, Jaip...Jagannadham Thunuguntla
“This is good for the companies because they require heavy capital expenditure,” said Jagannadham Thunuguntla, chief strategist at SMC Capitals Ltd. in New Delhi. “It makes sense to allow such companies to borrow from abroad.”
The document summarizes key aspects of initiating a corporate insolvency resolution process (CIRP) by a financial creditor under the Insolvency and Bankruptcy Code, 2016 (IBC). It discusses how a financial creditor can file an application for CIRP with the Adjudicating Authority when a default occurs. It outlines the information and documents that must be provided along with the application. It also describes how the Authority will ascertain if a default has occurred and either admit or reject the application within 14 days, and the implications of each decision. Finally, it briefly mentions Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 regarding the required form and accompanying
Buzz on Corporate Laws: eNewsletter: December 2014 issuePrakash Pandya
Buzz on Corporate Laws, an eNewsletter of P. K. Pandya & Co.: December 2014 issue - covers legal updates. To subscribe http://newsletter.pkpandya.com/?p=subscribe&id=1
The document provides an overview of the insurance sector in India. It discusses the origin and history of insurance in India, from the establishment of the first insurance companies in the 1800s to the nationalization of the industry and its recent liberalization. It also defines the concept of insurance, classifies the different types of insurance, and outlines some of the major players and trends in the Indian insurance market.
Price reduction for late delivery:
conflicting views on excise value
Background: Where excise duty is charged as a percentage of the value of the goods, there are two methods of determining the assessable value. For goods that are under MRP and notified for the purpose of MRP-based assessment under section 4A of the Central Excise Act, there is no difficulty in arriving at assessable value. For other goods, the ‘transaction value’ is the value for assessment, as provided in section 4 of the Central Excise Act. Transaction value means the price actually paid or payable for the goods.
The benchmark indices ended lower by off day's low as buying in metal and energy stocks helped Nifty to hold above 11,900. The Sensex closed down 215.76 points at 40,359.41 while the Nifty closed down 54 points at 11,914.40. On the sectoral front, selling was seen in IT, FMCG, banks while metal, auto and energy saw buying. Eicher Motors and Tata Steel were among the top gainers while Bharti Infratel and Infosys were among the major losers.
1) Gas: CCI cleared the first Form II (long form) merger in a record time of 26 days, approving Gujarat state firm GSPC's acquisition of BG Group's majority stake in Gujarat Gas Co Ltd for over 24.6 billion rupees.
2) Real Estate: CCI modified the apartment buyers agreement in DLF housing projects in Gurgaon following an investigation that found DLF abusing its dominant position.
3) Entertainment: CCI dismissed charges of cartelization and abuse of dominance by multiplex operators, brought by film producers, finding no evidence of anti-competitive practices after an investigation.
The complaint alleges economic offenses by several companies and individuals. It summarizes that public limited companies in India can raise public deposits with approval from the central government. The complaint alleges that several borrowing companies (Plethico Pharmaceuticals, Omnitech Infosolutions, Elder Pharmaceuticals, and Premier) have defaulted on paying back both interest and principal to depositors. It also alleges that the financial intermediary Bajaj Capital used unethical advertising tactics and made false claims to mislead depositors into investing with these companies. The complaint requests an investigation into Bajaj Capital, the borrowing companies, the registrar Linktime India, and the role of actor Anupam Kher in advertisements and government
The Insolvency And Bankruptcy Code, 2016Satish Mishra
This document is the Insolvency and Bankruptcy Code of India from 2016. It consolidates and amends laws relating to insolvency resolution and bankruptcy for corporate entities, partnerships and individuals. The key points are:
1) It establishes the Insolvency and Bankruptcy Board of India to regulate insolvency professionals and information utilities.
2) It lays out provisions for insolvency resolution and liquidation that apply to companies, limited liability partnerships, and other corporate entities.
3) It defines important terms related to insolvency including financial debtor, default, creditors, resolution professional, and adjudicating authority.
The market remained in favour of bulls throughout the session on December 27, though it was volatile amid expiry of December futures & options contracts. Positive global cues on easing tensions between the White House and Federal Reserve, and also the hope of settlement between world's largest economies, the US & China over trade lifted market sentiment
Insurance is a form of risk management where one party agrees to pay an agreed amount of money to another party in the event of a loss or damage. The key aspects of insurance include risk transfer through premium payments, hedging against contingent losses, and regulatory requirements to protect policyholders. Reforms since the 1990s have opened India's insurance sector to private companies and increased competition, leading to greater access and customer choice. Further reforms aim to strengthen regulation and increase insurance coverage, especially for health, life and small businesses. A developed insurance sector supports the economy through risk protection, long-term funding, and financial stability.
The document provides an overview of the insurance industry in India. Some key points:
- India's overall insurance industry is expected to reach $280 billion by 2020, with life insurance premiums reaching $71.1 billion and non-life reaching $23.38 billion in FY18.
- Private sector participation is growing, with private players accounting for 30.3% of new business in life insurance and 51.07% of the non-life market.
- Segments like health, crop and motor insurance are expected to drive future growth, supported by government schemes promoting insurance coverage.
Indian insurance sector has seen significant growth post liberalization. There are now 52 insurance companies of which 45 are private. The sector is estimated to need $8 billion in capital to improve solvency and increase penetration. Life insurance premium grew 11.84% in 2015-16 while non-life premium grew 12%. Growing incomes and changing demographics present opportunities for growth. ICICI Prudential Life is the largest private life insurer in India with a 24.2% market share in the private sector.
Role of government in the insurance sectorAkhil Joshi
The Insurance Regulatory and Development Authority (IRDAI) monitors and supervises the development of India's insurance sector as established by parliament. IRDAI aims to promote growth, integrity, transparency, and consumer protection in the sector. The government has taken steps to accelerate expansion, including launching a pension scheme offering 8% returns over 10 years and redesigning IPO guidelines for insurance companies. The document advocates for increased public outreach and awareness efforts to support further growth in India's important and rapidly developing insurance industry.
Insurance regulatory and development authority of india pptPRASOON VERMA
The Insurance Regulatory and Development Authority of India (IRDAI) is the insurance regulatory body in India that was constituted by an act of Parliament in 1999. IRDAI operates from its headquarters in Hyderabad, Telangana and regulates and promotes the development of the insurance industry in India. It is led by a chairman and has 10 members, including whole-time and part-time members, who are appointed by the Government of India. IRDAI's mission is to protect policyholders' interests and ensure the orderly growth of the insurance sector for the benefit of Indian citizens.
L&t long term infrastructure bond tranche 2 application form 2012Prajna Capital
This document is an application form for individuals and Hindu Undivided Families to invest in long term infrastructure bonds issued by L&T Infrastructure Finance Company Limited. The application form provides details of the bond such as the issue dates, credit ratings, interest rates, maturity dates, and buyback terms. It requests information from applicants such as their name, address, bank details, and PAN number. Applicants must select the bond series they want to invest in and provide payment details in the form of a cheque or demand draft. Once completed, the form is to be submitted along with required documents to the bankers to the issue by the specified closing date.
The document provides a market snapshot of key Indian and global indices and sectors as of December 31, 2013. It also summarizes recent corporate news items, including ONGC and Shell exercising rights to purchase a Brazilian oil block stake from Petrobras, Apollo Tyre terminating its merger agreement with Cooper Tire, and regulatory actions against Akriti Realtech and Glenmark Pharmaceuticals. The newsletter is from Swastika Intelligence Group and includes disclaimers about the information presented.
RSM India Newsflash - Startup India: Launch of 'Portal & Mobile App' and 'FAQs'RSM India
The ‘Startup India’ initiative was launched by the Prime Minister of India, Shri Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi and as part of the event, a Startup India Action Plan was released. The Action Plan highlighted various initiatives envisaged by the Government to develop a conducive Startup ecosystem in the country, one of the integral part being the launching of ‘Startup India portal and mobile app.’ Accordingly, the portal and app have been launched.
Also, frequently asked questions (FAQs) have been issued recently by the Department of Industrial Policy and Promotion.
Our newsflash captures:
A. Key features of the portal and app
B. Recently released FAQs
Online gaming and gambling laws in IndiaVijay Dalmia
At present gambling in India is regulated amongst others, by the Public Gambling Act ("Gambling Act") constituted in the year 1867, which extends to the United Provinces, East Punjab, Delhi and the Central Provinces and specifically prohibits public gambling and running or being in charge of a common gaming house.
The Indian insurance sector has experienced significant growth and reforms over the past few decades. It provides an overview of the history and development of both life and general insurance in India. Key milestones include the nationalization of life insurance in 1956 and general insurance in 1972. Today the life insurance industry is the fifth largest globally, growing at over 30% annually, while general insurance has over 20 registered companies and grew nearly 10% in 2009-2010. The sector continues expanding with reforms like increased foreign investment limits.
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)
- Yes Bank filed a complaint with Mumbai Police against fake news on social media about the bank's financial health, which has seen its stock price decline recently.
- A former chairman of the PMC Bank that collapsed due to an alleged fraud of Rs 4,355 crore was remanded in police custody until October 9.
- JSW Steel remains cautiously optimistic about demand improving due to recent government measures and the festive season, though the sector has struggled with a slowdown.
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.
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 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.
The document provides an overview of the insurance sector in India. It discusses the origin and history of insurance in India, from the establishment of the first insurance companies in the 1800s to the nationalization of the industry and its recent liberalization. It also defines the concept of insurance, classifies the different types of insurance, and outlines some of the major players and trends in the Indian insurance market.
Price reduction for late delivery:
conflicting views on excise value
Background: Where excise duty is charged as a percentage of the value of the goods, there are two methods of determining the assessable value. For goods that are under MRP and notified for the purpose of MRP-based assessment under section 4A of the Central Excise Act, there is no difficulty in arriving at assessable value. For other goods, the ‘transaction value’ is the value for assessment, as provided in section 4 of the Central Excise Act. Transaction value means the price actually paid or payable for the goods.
The benchmark indices ended lower by off day's low as buying in metal and energy stocks helped Nifty to hold above 11,900. The Sensex closed down 215.76 points at 40,359.41 while the Nifty closed down 54 points at 11,914.40. On the sectoral front, selling was seen in IT, FMCG, banks while metal, auto and energy saw buying. Eicher Motors and Tata Steel were among the top gainers while Bharti Infratel and Infosys were among the major losers.
1) Gas: CCI cleared the first Form II (long form) merger in a record time of 26 days, approving Gujarat state firm GSPC's acquisition of BG Group's majority stake in Gujarat Gas Co Ltd for over 24.6 billion rupees.
2) Real Estate: CCI modified the apartment buyers agreement in DLF housing projects in Gurgaon following an investigation that found DLF abusing its dominant position.
3) Entertainment: CCI dismissed charges of cartelization and abuse of dominance by multiplex operators, brought by film producers, finding no evidence of anti-competitive practices after an investigation.
The complaint alleges economic offenses by several companies and individuals. It summarizes that public limited companies in India can raise public deposits with approval from the central government. The complaint alleges that several borrowing companies (Plethico Pharmaceuticals, Omnitech Infosolutions, Elder Pharmaceuticals, and Premier) have defaulted on paying back both interest and principal to depositors. It also alleges that the financial intermediary Bajaj Capital used unethical advertising tactics and made false claims to mislead depositors into investing with these companies. The complaint requests an investigation into Bajaj Capital, the borrowing companies, the registrar Linktime India, and the role of actor Anupam Kher in advertisements and government
The Insolvency And Bankruptcy Code, 2016Satish Mishra
This document is the Insolvency and Bankruptcy Code of India from 2016. It consolidates and amends laws relating to insolvency resolution and bankruptcy for corporate entities, partnerships and individuals. The key points are:
1) It establishes the Insolvency and Bankruptcy Board of India to regulate insolvency professionals and information utilities.
2) It lays out provisions for insolvency resolution and liquidation that apply to companies, limited liability partnerships, and other corporate entities.
3) It defines important terms related to insolvency including financial debtor, default, creditors, resolution professional, and adjudicating authority.
The market remained in favour of bulls throughout the session on December 27, though it was volatile amid expiry of December futures & options contracts. Positive global cues on easing tensions between the White House and Federal Reserve, and also the hope of settlement between world's largest economies, the US & China over trade lifted market sentiment
Insurance is a form of risk management where one party agrees to pay an agreed amount of money to another party in the event of a loss or damage. The key aspects of insurance include risk transfer through premium payments, hedging against contingent losses, and regulatory requirements to protect policyholders. Reforms since the 1990s have opened India's insurance sector to private companies and increased competition, leading to greater access and customer choice. Further reforms aim to strengthen regulation and increase insurance coverage, especially for health, life and small businesses. A developed insurance sector supports the economy through risk protection, long-term funding, and financial stability.
The document provides an overview of the insurance industry in India. Some key points:
- India's overall insurance industry is expected to reach $280 billion by 2020, with life insurance premiums reaching $71.1 billion and non-life reaching $23.38 billion in FY18.
- Private sector participation is growing, with private players accounting for 30.3% of new business in life insurance and 51.07% of the non-life market.
- Segments like health, crop and motor insurance are expected to drive future growth, supported by government schemes promoting insurance coverage.
Indian insurance sector has seen significant growth post liberalization. There are now 52 insurance companies of which 45 are private. The sector is estimated to need $8 billion in capital to improve solvency and increase penetration. Life insurance premium grew 11.84% in 2015-16 while non-life premium grew 12%. Growing incomes and changing demographics present opportunities for growth. ICICI Prudential Life is the largest private life insurer in India with a 24.2% market share in the private sector.
Role of government in the insurance sectorAkhil Joshi
The Insurance Regulatory and Development Authority (IRDAI) monitors and supervises the development of India's insurance sector as established by parliament. IRDAI aims to promote growth, integrity, transparency, and consumer protection in the sector. The government has taken steps to accelerate expansion, including launching a pension scheme offering 8% returns over 10 years and redesigning IPO guidelines for insurance companies. The document advocates for increased public outreach and awareness efforts to support further growth in India's important and rapidly developing insurance industry.
Insurance regulatory and development authority of india pptPRASOON VERMA
The Insurance Regulatory and Development Authority of India (IRDAI) is the insurance regulatory body in India that was constituted by an act of Parliament in 1999. IRDAI operates from its headquarters in Hyderabad, Telangana and regulates and promotes the development of the insurance industry in India. It is led by a chairman and has 10 members, including whole-time and part-time members, who are appointed by the Government of India. IRDAI's mission is to protect policyholders' interests and ensure the orderly growth of the insurance sector for the benefit of Indian citizens.
L&t long term infrastructure bond tranche 2 application form 2012Prajna Capital
This document is an application form for individuals and Hindu Undivided Families to invest in long term infrastructure bonds issued by L&T Infrastructure Finance Company Limited. The application form provides details of the bond such as the issue dates, credit ratings, interest rates, maturity dates, and buyback terms. It requests information from applicants such as their name, address, bank details, and PAN number. Applicants must select the bond series they want to invest in and provide payment details in the form of a cheque or demand draft. Once completed, the form is to be submitted along with required documents to the bankers to the issue by the specified closing date.
The document provides a market snapshot of key Indian and global indices and sectors as of December 31, 2013. It also summarizes recent corporate news items, including ONGC and Shell exercising rights to purchase a Brazilian oil block stake from Petrobras, Apollo Tyre terminating its merger agreement with Cooper Tire, and regulatory actions against Akriti Realtech and Glenmark Pharmaceuticals. The newsletter is from Swastika Intelligence Group and includes disclaimers about the information presented.
RSM India Newsflash - Startup India: Launch of 'Portal & Mobile App' and 'FAQs'RSM India
The ‘Startup India’ initiative was launched by the Prime Minister of India, Shri Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi and as part of the event, a Startup India Action Plan was released. The Action Plan highlighted various initiatives envisaged by the Government to develop a conducive Startup ecosystem in the country, one of the integral part being the launching of ‘Startup India portal and mobile app.’ Accordingly, the portal and app have been launched.
Also, frequently asked questions (FAQs) have been issued recently by the Department of Industrial Policy and Promotion.
Our newsflash captures:
A. Key features of the portal and app
B. Recently released FAQs
Online gaming and gambling laws in IndiaVijay Dalmia
At present gambling in India is regulated amongst others, by the Public Gambling Act ("Gambling Act") constituted in the year 1867, which extends to the United Provinces, East Punjab, Delhi and the Central Provinces and specifically prohibits public gambling and running or being in charge of a common gaming house.
The Indian insurance sector has experienced significant growth and reforms over the past few decades. It provides an overview of the history and development of both life and general insurance in India. Key milestones include the nationalization of life insurance in 1956 and general insurance in 1972. Today the life insurance industry is the fifth largest globally, growing at over 30% annually, while general insurance has over 20 registered companies and grew nearly 10% in 2009-2010. The sector continues expanding with reforms like increased foreign investment limits.
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)
- Yes Bank filed a complaint with Mumbai Police against fake news on social media about the bank's financial health, which has seen its stock price decline recently.
- A former chairman of the PMC Bank that collapsed due to an alleged fraud of Rs 4,355 crore was remanded in police custody until October 9.
- JSW Steel remains cautiously optimistic about demand improving due to recent government measures and the festive season, though the sector has struggled with a slowdown.
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.
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 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.
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.
- 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.
- 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.
The document provides a summary of the top 10 news stories from 15 October 2019. The key points are:
1) Russia and Saudi Arabia signed deals to bolster cooperation between their oil giants as Putin visited Saudi Arabia.
2) Countries negotiating the RCEP trade agreement have identified 14 outstanding issues to resolve by October 22 to conclude talks.
3) Indiabulls Housing Finance is considering a share buyback pending regulatory approval.
4) The Reserve Bank of India has asked banks to have board-approved policies for investing in infrastructure investment trusts.
The document provides a summary of the top 10 things to know from 30 September 2019. It includes the following key points:
1. JSPL aims to reduce its net debt by over Rs. 10,000 crore to below Rs. 30,000 crore in the next two years.
2. The RBI had reportedly recommended removing the chairman of PMC Bank in 2018 for sanctioning irregular loans to HDIL.
3. The IPO of IRCTC will open for subscription on September 30.
4. Coal unions will meet on September 30 to review the impact of recent strikes and decide the next steps.
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.
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.
- 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.
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.
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.
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.
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 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.
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 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.
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. 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.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"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.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
2. 1
18 November 2019
TOP 10 THINGS TO KNOW
Jaypee Infra insolvency: NBCC sweetens bid by offering more land &
benami flats to lenders
State-owned NBCC Ltd on Sunday sweetened its bid to acquire bankruptcy-
bound Jaypee Infratech, by offering lenders 1,426-acre land instead of 950 acres
earlier and also providing half of 3,000 benami flats to them, sources said. The
company, which submitted its resolution plan on Sunday, is also believed to have
offered 75 percent of 858 acres land which is expected to be transferred back to
Jaypee Infratech from the parent company Jaiprakash Associates, they added.
PMC Bank scam: EOW conducts search at Rajneet Singh's flat
A day after Rajneet Singh, son of former BJP MLA Sardar Tara Singh, was arrested
in connection with the Punjab and Maharashtra Cooperative (PMC) Bank scam, the
Economic Offences Wing (EOW) of the city police on Sunday conducted a search at
his residence here, an official said. Before the search, Rajneet Singh, who is a
director of the scam-hit bank, was produced before a court here, which remanded
him in police custody till November 25.
Govt considering to reintroduce restrictions on royalty payments
The government is considering to re-introduce restrictions on royalty payments
for technology transfer in view of excessive outflow of such funds to overseas
companies, sources said. A proposal in this regard will soon be circulated by the
Department for Promotion of Industry and Internal Trade (DPIIT) for inter-
ministerial consultation, sources said. According to the proposal, limits could be
imposed on royalty payments in case of technology transfer or collaboration
involving foreign entities either directly or indirectly through any firm in India.
Signature Global to invest Rs 400 cr in 2 affordable housing projects in
Gurugram
Realty firm Signature Global on November 17 said the company will invest Rs 400
crore to develop two affordable housing projects in Gurugram under a Haryana
government scheme. The Centre has reduced GST on affordable housing to 1 per
cent only and is providing an additional deduction of 1.5 lakh on interest paid on
home loans under Income Tax law for flats priced up to Rs 45 lakh, as part of its
efforts to boost property demand.
3. 2
Bank of India, IOB report NPA divergences; losses widen for FY19
State-owned Bank of India and Indian Overseas Bank have reported
divergences in their bad loans for the fiscal ended March 2019, resulting into
widening of net losses for the year. Chennai-headquartered Indian Overseas
Bank has reported a net non-performing asset (NPA) divergence of Rs 358
crore for 2018-19, due to which the divergence in provisioning came in at Rs
2,208 crore, according to a regulatory filing by the bank.
NCLAT rejects PepsiCo plea for release of machinery from Oceanic
Tropical
The National Company Law Appellate Tribunal (NCLAT) has rejected the plea
of beverages giant Pepsico India Holdings seeking release its machinery from
Oceanic Tropical Fruits, which is under the insolvency process. The beverages
major had moved the NCLAT against the order passed on May 28, 2019, by
the Chennai bench of National Company Law Tribunal (NCLT) denying
permission to PepsiCo to take back its machinery that was lying at Oceanic
Tropical Fruits.
Odisha govt approves investment proposals worth Rs 1,753.82 cr
The Odisha government has approved six investment proposals worth Rs
1,753.82 crore in different sectors, which would create employment
opportunities for 5,566 people, official sources said. The six projects in textile,
food processing, plastics, tourism, steel and downstream sectors were
approved on Saturday at the State Level Single Window Clearance Authority
(SLSWCA) meeting, chaired by Chief Secretary A K Tripathy.
18 November 2019
PSUs must be subjected to governance norms on par with pvt firms:
CII
State-owned firms should be subjected to governance standards on par with
private players to ensure a level-playing field as "excessive scrutiny" by the CVC,
CAG and the threat of a CBI probe often leads to stalled or over-cautious
decision-making in PSUs, according to industry body CII. The suggestion is part of
the Competitiveness Model developed by CII Research comprising six key
elements to enable central public sector enterprises (CPSEs) to compete
successfully in the global marketplace.
4. 3
Lenders cheer SC ruling in Essar Steel case; Indian banks add bad
loans of Rs 1 lakh cr in H1FY20
After a long wait, lenders to Essar Steel heaved a sigh of relief as the
Supreme Court of India (SC) ruled in their favour, giving the
Committee of Creditors an upper hand over distribution of settlement
claims. The landmark ruling paves way for other cases as well. Essar
Steel’s lenders, who have been counting on recovery of dues from the
troubled company for the last several quarters, can finally breathe
easy as the apex court ruled in the favour of Committee of Creditors
(CoC) in a landmark judgement on November 15.
Telecom industry to consolidate further in 'no relief' scenario: Kotak
Institutional Equities
The Indian mobile industry will consolidate further if the government
does not offer a material relief on AGR liabilities, regulatory levies and
potentially a floor on pricing, according to Kotak Institutional Equities.
A 'no material relief' scenario would be an industry-structure-altering
one, it added. "We believe that the Indian wireless industry would
consolidate further in case the government does not offer a material
relief on...the AGR (adjusted gross revenue) case liabilities...other
aspects like recurring regulatory levies, deferred spectrum payments
and ...potentially a floor on pricing," Kotak said in a recent report.
18 November 2019
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