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 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.
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 the top 10 news stories from 22 October 2019. The key points are:
1) British PM Boris Johnson was denied a second vote on his Brexit deal in parliament ahead of the October 31 deadline.
2) NBFCs and HFCs raised Rs. 2.36 lakh crore over the past year through loan securitization and assignments.
3) AU Small Finance Bank reported an 89% rise in Q2 net profit to Rs. 172 crore due to lower costs.
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)
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. 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. 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 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.
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.
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 the top 10 news stories from 22 October 2019. The key points are:
1) British PM Boris Johnson was denied a second vote on his Brexit deal in parliament ahead of the October 31 deadline.
2) NBFCs and HFCs raised Rs. 2.36 lakh crore over the past year through loan securitization and assignments.
3) AU Small Finance Bank reported an 89% rise in Q2 net profit to Rs. 172 crore due to lower costs.
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)
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. 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. 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 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.
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.
Brigade Enterprises reported a 1% YoY increase in revenue to Rs7,087 crore in Q1FY20 due to a 10% YoY rise in real estate income, while hospitality and leasing revenue declined. EBITDA margin remained flat at 25.7% as employee expenses rose 26% YoY. Residential and commercial sales volumes increased 173% and 46% YoY respectively, with average realization rising 2% YoY. Net debt increased due to rises in residential, hospitality and leasing capex debt. Net cash flow after interest costs declined due to increased construction costs and interest expenses.
- 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.
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.
- 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 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 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.
- 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.
The document provides information on recent changes to foreign direct investment (FDI) norms in India. It discusses reforms that have helped improve India's ease of doing business ranking. It then outlines the government's decision to relax FDI rules for several sectors, including coal mining, retail, digital media, and contract manufacturing. The goal is to attract more foreign investment and boost sectors that require significant capital. The changes are expected to make FDI easier for foreign investors and retailers.
- 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.
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.
- 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.
BPCL reported a 4.1% increase in Q1FY20 revenue driven by higher volumes. However, profitability declined due to lower refining margins and higher inventory losses. While demand outlook remains subdued, the company is expected to benefit from its strong retail network and higher refinery utilization. It plans to set up 6000 new retail outlets over 3 years and capex of Rs. 87 billion in FY20. Analysts have cut FY20 earnings forecasts due to high inventory losses but maintained target price of Rs. 412 based on valuation of core business and investments.
- 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.
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.
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 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.
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.
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.
Brigade Enterprises reported a 1% YoY increase in revenue to Rs7,087 crore in Q1FY20 due to a 10% YoY rise in real estate income, while hospitality and leasing revenue declined. EBITDA margin remained flat at 25.7% as employee expenses rose 26% YoY. Residential and commercial sales volumes increased 173% and 46% YoY respectively, with average realization rising 2% YoY. Net debt increased due to rises in residential, hospitality and leasing capex debt. Net cash flow after interest costs declined due to increased construction costs and interest expenses.
- 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.
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.
- 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 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 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.
- 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.
The document provides information on recent changes to foreign direct investment (FDI) norms in India. It discusses reforms that have helped improve India's ease of doing business ranking. It then outlines the government's decision to relax FDI rules for several sectors, including coal mining, retail, digital media, and contract manufacturing. The goal is to attract more foreign investment and boost sectors that require significant capital. The changes are expected to make FDI easier for foreign investors and retailers.
- 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.
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.
- 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.
BPCL reported a 4.1% increase in Q1FY20 revenue driven by higher volumes. However, profitability declined due to lower refining margins and higher inventory losses. While demand outlook remains subdued, the company is expected to benefit from its strong retail network and higher refinery utilization. It plans to set up 6000 new retail outlets over 3 years and capex of Rs. 87 billion in FY20. Analysts have cut FY20 earnings forecasts due to high inventory losses but maintained target price of Rs. 412 based on valuation of core business and investments.
- 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.
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.
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 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.
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.
Reliance Capital will sell shares in Reliance Nippon Life Asset Management to raise over Rs 505 crore. Oil prices rose after Saudi Arabia's new energy minister confirmed commitment to output cuts. India has reservations about joining the RCEP trade agreement due to its large trade deficit with China. OYO has expanded its presence to over 500 cities across India. DSP Mutual Fund recovered its entire Rs 150 crore dues from DHFL. A private contractor was arrested for allegedly conspiring to kill the chairman of SAIL.
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.
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.
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.
Kotak Mahindra Bank reported strong financial results for the quarter ended June 2019. Net profit increased 23% to Rs. 1932 crore due to 22% growth in net interest income and 27% rise in non-interest income. Various subsidiaries also reported increased profits. Kotak Prime reported 10% growth in net income and profit. Kotak Mahindra Life Insurance saw 42% rise in gross premiums and 15% increase in profit. The bank maintained stable asset quality while improving net interest margins to 4.49%.
- The document provides a summary of the top 10 things to know from various markets and news sources on August 28, 2019.
- US markets slipped on recession worries from an inverted Treasury yield curve and uncertainty in US-China trade talks. Asian shares saw minor gains on higher US futures.
- The Indian rupee had its biggest single-day gain in over 5 months boosted by the RBI's transfer of funds to the government. The mutual fund industry aims to increase assets under management four-fold over the next decade.
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.
1. MTNL sets a December 3 deadline for employees to opt for a voluntary retirement scheme based on the Gujarat model.
2. The ED is investigating DHFL and has called Kapil Wadhawan for clarification, and summoned Dheeraj Kundra again this week regarding late drug trafficker Iqbal Mirchi's properties.
3. SEBI issued clarifications stating that listed Indian firms' employee trades of ADRs and GDRs, including those of foreign nationals, must follow insider trading regulations.
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.
- Yields on long-term and short-term government securities as well as corporate bonds declined in October 2019, with the fall being larger for corporate bonds and commercial papers.
- The central government's borrowings in October 2019 were 48% lower than in the previous month, though borrowings for April-October 2019 were 48% higher than the previous year.
- Both issuances and yields declined for government securities and corporate debt in the primary and secondary markets in October 2019, while bank credit growth also contracted.
The document provides an overview of the FMCG (Fast Moving Consumer Goods) sector in India:
- The FMCG market in India is large and growing rapidly, expected to reach $103.7 billion by 2020, up from $68.38 billion in 2018.
- Key drivers of growth are favorable demographics, rising incomes, and increasing consumption, especially in rural areas.
- The sector is adopting strategies like new product launches, promotions, expansion, and use of analytics to boost growth.
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.
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 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.
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.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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."
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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.
2. 1
21 October 2019
TOP 10 THINGS TO KNOW
New Brexit turmoil as Boris Johnson sends unsigned extension
letter to EU
British Prime Minister Boris Johnson was on October 20 branded a “spoilt brat” by
the Opposition after he sent an unsigned letter seeking a three-month extension
to the October 31 deadline from the European Union (EU). The UK PM was bound
by law to issue a letter seeking a delay to Brexit after MPs voted in a historic
Super Saturday Parliament session to delay voting on his motion on a new Brexit
deal. Johnson has previously said he would rather be “dead in a ditch” than miss
the October 31 deadline and had triggered speculation soon after the House of
Commons vote by declaring that he would not negotiate an extension.
Thomas Cook India's domestic leisure business growing at 25%
Travel major Thomas Cook India Ltd (TCIL) has said that its domestic leisure
business is growing at a CAGR of 25 percent, exceeding the rate of growth of its
outbound travel segment. The company does not foresee any major hurdle in
maintaining the growth momentum as it expects that the financial collapse of the
iconic British firm, Thomas Cook PLC will not have any impact on its operation,TCIL
Sr VP (leisure) Romil Pant said.
Shree Cements Consolidated September 2019 Net Sales at Rs 3,004.45
crore, up 5.22% Y-o-Y
Net Sales at Rs 3,004.45 crore in September 2019 up 5.22% from Rs. 2,855.39
crore in September 2018. Quarterly Net Profit at Rs. 310.62 crore in September
2019 up 414.1% from Rs. 60.42 crore in September 2018. EBITDA stands at Rs.
933.89 crore in September 2019 up 53.05% from Rs. 610.17 crore in September
2018. Shree Cements EPS has increased to Rs. 89.16 in September 2019 from Rs.
17.34 in September 2018.
SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore
The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on
November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised
policy on sale of financial assets, in line with the regulatory guidelines, the bank
will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction
notice.
3. 2
HDFC Bank Standalone September 2019 Net Interest Income (NII) at
Rs 13,515.04 crore, up 14.89% Y-o-Y
Net Interest Income (NII) at Rs 13,515.04 crore in September 2019 up 14.89%
from Rs. 11763.41 crore in September 2018. Quarterly Net Profit at Rs.
6,344.99 crore in September 2019 up 26.75% from Rs. 5,005.73 crore in
September 2018. Operating Profit stands at Rs. 11,698.08 crore in September
2019 up 23.4% from Rs. 9,479.95 crore in September 2018.
DCB Bank Standalone September 2019 Net Interest Income (NII) at
Rs 313.36 crore, up 11.18% Y-o-Y
Net Interest Income (NII) at Rs 313.36 crore in September 2019 up 11.18%
from Rs. 281.84 crore in September 2018. Quarterly Net Profit at Rs. 91.41
crore in September 2019 up 24.47% from Rs. 73.44 crore in September 2018.
Operating Profit stands at Rs. 184.53 crore in September 2019 up 26.29%
from Rs. 146.12 crore in September 2018.
Avanti Feeds Standalone September 2019 Net Sales at Rs 832.91
crore, up 50.44% Y-o-Y
Net Sales at Rs 832.91 crore in September 2019 up 50.44% from Rs. 553.65
crore in September 2018. Quarterly Net Profit at Rs. 105.21 crore in
September 2019 up 223.08% from Rs. 32.56 crore in September 2018. EBITDA
stands at Rs. 121.99 crore in September 2019 up 126.45% from Rs. 53.87 crore
in September 2018. Avanti Feeds EPS has increased to Rs. 7.72 in September
2019 from Rs. 2.39 in September 2018.
21 October 2019
Rays Power Infra to invest Rs 1,700cr to set up 450 MW renewable
projects
Solar power developer Rays Power Infra will invest Rs 1,700 crore to set up 450
MW of green energy projects in four major states of the country, a top company
official has said. The company will be selling the energy generated to private and
industrial consumers in the states of Uttar Pradesh, Haryana, Karnataka and
Andhra Pradesh, Rays Power Infra Managing Director Ketan Mehta said.
4. 3
Reliance Industries says on track to produce gas from newer fields by
mid-2020
Reliance Industries Ltd has said that it is on track to start production
from a new gas field in the flagging KG-D6 block in the Bay of Bengal
from mid-2020 even as output from its existing fields continued to fall.
Reliance and its partner BP Plc of the UK had in June 2017 announced
an investment of Rs 40,000 crore in the three sets of discoveries to
reverse the flagging production in KG-D6 block. These finds were
expected to bring a total 30-35 million cubic metres (1 billion cubic
feet) of gas a day onstream, phased over 2020-22.
Two-wheeler exports rise 4% in April-September; Bajaj Auto leads
the pack
Two-wheeler exports rose by over 4 percent in the April-September
period of the current fiscal, with Bajaj Auto leading the segment by
shipping over 9 lakh units to various markets, including Africa and
Latin America, as per latest data by industry body SIAM. Two-wheeler
dispatches, including motorcycles, scooters and mopeds, stood at
17,93,957 units in the first half of the current fiscal, as compared to
17,23,280 units in the same period of 2018-19
21 October 2019
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