• Rollover Analysis (September 22): Highest Put base at 11000 remains crucial support in settlement week... 22 Sep 2020 07:48 - Nifty rolls were near 25% vs. 3M average of 30% - Marketwide rolls were at 32% against the 3M average of 33% - Highest rollover was seen in IDFC First Bank, Glenmark Pharma, Havells, RBL Bank and PVR - Rollover activity was relatively low in Jindal Steel …
  • Decade of leadership in banking has come to an end and IT, pharma will pick up the baton 22 Sep 2020 07:18 One clear sectoral winner globally is technology and that is going to find representation in our markets and in the kind of leadership that we will see going ahead, says the Founder & CEO, Marathon Trends-PMS. Is the party over? Do you think we peaked …
  • Buy Shriram City Union Finance, target price Rs 1080: Edelweiss 22 Sep 2020 07:11 Edelweiss has given buy rating Shriram City Union Finance with a target price of Rs 1080. The share price moved down by 6.65 per cent from its previous close of Rs 894.20. The stock’s last traded price is Rs 834.75. Shriram City Union Finance Ltd., …
  • Sensex extends losses on Covid-19 worries, falls 440 points 22 Sep 2020 07:10 NEW DELHI: Domestic equity indices drifted lower in the opening trade on Tuesday as rising Covid-19 cases in Europe and an international report alleging moving illicit funds by banks kept equity indices under immense pressure. A surge in fresh coronavirus …
  • Personal bank loan for Unemployed 22 Sep 2020 06:58 Personal bank loan for Unemployed In terms of availing your own loan can be involved, a stable income source is not any question the main factor that is decisive. And, why don’t you, most likely, on the basis of the earnings, your personal bank loan …
  • 18 states opt for Centre’s borrowing plan 22 Sep 2020 06:07 Express News Service NEW DELHI: The government claims that eighteen states have agreed to go ahead with the option to use special dispensation from the Reserve Bank of India (RBI), for a sum of about Rs  97,000 crore shortfall, and it is planning to go …
  • Why migrant workers in Gulf countries are sending record amount of money home 22 Sep 2020 05:57 Remittance doomsayers see something else in the bigger-than-usual transfers: a coming crash, triggered by a bleak job market, particularly in the Middle East. As they see opportunity drying up along with demand for oil, workers are sending money home in …
  • Market Ahead, September 22: All you need to know before the opening bell 22 Sep 2020 05:13 The Indian markets witnessed a brutal sell-off in the final hour of yesterday's trade. The global markets, too, witnessed a similar trend. In overnight trade on the Wall Street, the Dow Jones fell 1.84 per cent, the S&P 500 lost 1.16 per cent, and …
  • Centre hikes up rabi MSP by 6.3%, assures farmers of no dilution of minimum support prices 22 Sep 2020 05:07 Meera Nair1 hour ago Minimum support has to be taken care of by the Government.Freedom to the farmers is a Welcome initative.State Bank of India has also introdeuced Micro Finance which will Rural indain to free themselves from the shackles of blood …
  • Lok Sabha passes IBC Amendment Bill 22 Sep 2020 04:28 A surge in the number of companies being dragged through insolvency proceedings after the suspension of the Insolvency and Bankruptcy Code (IBC) is lifted is unlikely, according to finance minister Nirmala Sitharman. Responding to a discussion on the IBC …
  • Stocks in the news: HDFC Bank, SBI, Route Mobile, Vodafone Idea, STFC and Muthoot Finance 22 Sep 2020 03:53 Nifty futures on the Singapore Exchange traded 58 points, or 0.52 per cent higher at 11,302, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today's trade: HDFC Bank: Largest …
  • Rajan, Viral call for a major overhaul of banking system 22 Sep 2020 03:04 Former Reserve Bank of India governor Raghuram Rajan and former deputy governor Viral Acharya have called for winding down of the department of financial services, privatization of state-owned banks and creation of a bad bank as part of the reforms for …
  • Day 01 Of The 3rd Session of 10th SLA 22 Sep 2020 02:58 Gangtok, 21 Sep (IPR) : The third session of the Tenth Assembly of Sikkim Legislative Assembly commenced today. The session was held for one day due to prevailing situation of COVID-19. Day 01 Of The 3rd Session of 10th SLA The session began with an …
  • Romanticizing industrialization 22 Sep 2020 01:58 An economic growth of 1.9 percent in FY19, a contraction of 0.4 percent in FY20 and estimates of a muted growth of 2 percent in FY21 for Pakistan would have any policymaker rethink the strategy at work. The urgency for a rethink becomes clearer when we …
  • No IBC proceedings against cos defaulting in 6-month period starting from March 25 22 Sep 2020 01:56 The bill seeks to replace an ordinance promulgated in this regard in June. (File)Parliament on Monday approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six …
  • FinCEN Files — Key agencies alerted on revelations, meeting soon: black money SIT head 22 Sep 2020 00:57 Written by Ritu Sarin | New Delhi | Updated: September 22, 2020 4:59:40 am The FinCEN Files contain a 20-page “intelligence assessment” on the mirror network and list 54 shell companies which, they say, moved billions of dollars annually from Russia …
  • The future of work 21 Sep 2020 23:49 Government policies and labour markets must sustainably manage the Fourth Industrial Revolution triggered “gale of creative destruction” in employment. (File)The future comes too soon and in the wrong order.” “It is our moral responsibility not to stop the …
  • PM Abiy Ahmed’s Project X(cellent) Thunderbolt 21 Sep 2020 23:00 … We have a big problem generating foreign exchange. I want to appeal to you now to bring the money [dollars, Euros] you have stashed away in Dubai. We are facing severe hard currency problems. We have the problem not as a government but as a country. We …
  • Apple’s New Online Store Meets Growing Demand in India 21 Sep 2020 21:48 Apple’s e-store is set to launch in India on Sept. 23 with its full range of products just in time for the country’s festive season. Apple CEO Tim Cook announced the launch on Twitter on Sept. 18. “We know how important it is for our customers to stay in …
  • Govt using Covid as a pretext to bring ordinances: Adhir in Lok Sabha debate 21 Sep 2020 21:27 Congress leader Adhir Ranjan Chowdhury.The Congress on Monday called the government “ordinance-savvy” and accused it of using the Covid-19 pandemic as a pretext to bring in ordinances “one after the other”. Speaking in Lok Sabha during a discussion on the …
  • RELEASE: Urgent investments in carbon dioxide removal offer big returns for climate, jobs and post-COVID-19 recovery, says Economist Intelligence Unit research synthesis 21 Sep 2020 21:12 HTML Editor - Full Version SAN FRANCISCO, CA – According to a new research synthesis developed by The Economist Intelligence Unit (EIU) and sponsored by ClimateWorks Foundation, investments are urgently needed to rapidly develop and scale up the carbon …
  • BB eases payment rules to boost onion import 21 Sep 2020 20:51 The central bank yesterday allowed onion importers to open letters of credit by using the 90-day deferred payment tool as part of efforts to help them import the kitchen staple easily. The deferred payment will be applicable under the buyer's and …
  • NSE-BSE bulk deals: Goldman Sachs, Kuwait Invt Authority lap up Route Mobile 21 Sep 2020 20:46 Mumbai: Route Mobile dominated the bulk deals on Monday as investors such as Goldman Sachs and Kuwait Investment Authority stocked up shares of the company at its debut. The Vanguard Group continued with its buying spree of Indian stocks, and shopped for …
  • ‘Privatise select PSU banks’ 21 Sep 2020 20:10 Former RBI Governor Raghuram Rajan on Monday suggested that the government should privatise select public sector banks, set up a bad bank to deal with NPAs and dilute the Department of Financial Services’ role. The reforms are necessary to ensure growth of …
  • Ramco Systems jumps 5 pc after pact with CHI Aviation 21 Sep 2020 20:03 Mumbai (Maharashtra) [India], September 21 (ANI): Shares of Ramco Systems moved up by 5 per cent on Monday around noon after the software major said it has signed an agreement with CHI Aviation for delivering the full suite of its aviation software. The …
  • HDFC Bank denies allegations, says will defend itself in US lawsuit 21 Sep 2020 20:02 Mumbai (Maharashtra) [India], Sep 21 (ANI): Private sector lender HDFC Bank said on Monday it will defend itself in the lawsuit filed by US-based Rosen Law Firm and expects its response to be due early next year. The bank said it is aware of a complaint …
  • Mid and small-caps roar in market rally 21 Sep 2020 19:39 Despite the Covid-19 led challenges in the economy, the Indian stock market has rallied sharply since its March low this year. Buoyed by robust liquidity in the market, the Nifty 50 has gained 51 per cent between March and September, while the Nifty Mid- …
  • GST compensation row: Have not picked either option, says Puducherry CM 21 Sep 2020 19:29 Intensifying the Centre-state tussle, Puducherry Chief Minister V Narayanasamy denied picking either of the two borrowing options proposed by the Centre to meet the shortfall in goods and services tax (GST) compensation, contrary to claims made by finance …
  • JP Morgan decides against including India's govt bonds in EM index 21 Sep 2020 19:10 JP Morgan has opted not to include India's government bonds in one of its flagship emerging market indexes after investors cited ongoing problems with capital controls, custody and settlement and other operational snags. India has one of the largest …
  • Maharashtra: Farmer union to show support for new farm laws 21 Sep 2020 18:59 On Sunday, the Rajya Sabha passed three ordinances announced by Finance Minister Nirmala Sitharaman in June.Even as farmers in Punjab and Haryana are taking to the streets to protest the passage of three farm reform laws, some of their counterparts in …
  • All companies important for India, need solutions: Sitharaman 21 Sep 2020 18:14 New Delhi, Sep 21 (IANS) Finance Minister Nirmala Sitharaman on Monday said that any company, whether it is big, medium small, micro or nano, is important for the country. Saying that “my friends are the companies”, she said under the Companies Act, even …
  • India’s Maharashtra mulls legal online gambling to boost gov’t revenue 21 Sep 2020 17:34 Legal online sports betting could be coming to the Indian state of Maharashtra as the local government mulls ways of topping up its depleted treasury. Last Friday, the Times of India quoted an unidentified National Congress Party minister in the state of …
  • F&O: Nifty forming lower top and bottom, spike in VIX bad news for bulls 21 Sep 2020 16:31 By Chandan Taparia Nifty opened flattish on Monday, but failed to hold the 11,500 level and fell sharply in the second half of the session towards the 11,200 zone. It broke key supports at 11,450 and 11,333 levels, and then closed the session with a deep …
  • Market Movers: Route Mobile shines on listing, telcos worst hit; 417 stocks hit lower circuit 21 Sep 2020 16:30 Mumbai: Route Mobile managed to log a stellar debut amid bloodbath in the markets on Monday, with benchmark equity indices logging steep losses. The session saw Nifty closing below its 20-day and 50-day moving averages and formed a large bearish candle on …
  • Reliance Capital begins asset monetisation process 21 Sep 2020 16:30 New Delhi: Anil Ambani-led Reliance Capital, which recently defaulted on repayments to its debenture holders and other creditors, has begun the process for monetisation of its assets, market sources said. The key assets of Reliance Capital include Reliance …
  • Failing the sanitation worker again 21 Sep 2020 16:22 New Delhi | Updated: September 21, 2020 7:23:38 pm The 74th Amendment Act and consequent codification of municipal governance is another landmark in sanitation policy in India. (Representational)Written by Pragya Akhilesh The Prohibition of Employment as …
  • Business activity may not touch pre-Covid-19 levels before March: Survey 21 Sep 2020 16:19 Business activity is unlikely to touch pre-Covid-19 levels before March 2021, and there is a need for the government to step in and give a "push" to the economy as it has not done enough till now, a multi-sector survey conducted by a rating …
  • Parliament Session Day 8: Centre hikes MSP for wheat; eight Rajya Sabha MPs suspended 21 Sep 2020 16:06 View of the Lok Sabha during ongoing Monsoon Session of Parliament, New Delhi, Monday, Sept. 21, 2020. (LSTV/PTI Photo)The Lok Sabha on Monday passed two bills amending the Insolvency and Bankruptcy Code and the Foreign Contribution (Regulation) Act …
  • Vicat: A Cheap Cement Producer With Exposure To Frontier Markets 21 Sep 2020 15:54 Vicat (VCT:PA, OTC:SDCVF, OTC:VVCTY) is a French small-cap cement producer majority-owned by the eponymous family. Over the years, it has increased its global footprint, with a focus on emerging and frontier markets like India, Brazil, West Africa, and …
  • Reliance Capital’s debenture holders set to start asset sale process 21 Sep 2020 15:35 Appoint SBI Caps, JM Financial to sell assets The committee of debenture holders of Reliance Capital (RCap) is likely to begin the asset monetisation plan in a bid to recover debt owed by the company. Reliance Capital’s secured debt is about ₹15,000 crore …
  • HDFC Bank denies charges by US law firm; to defend vigorously in lawsuit 21 Sep 2020 14:40 MUMBAI: Largest private sector lender HDFC Bank on Monday denied the allegations of misleading claims levelled by a US-based law firm to seek damages in a class action suit. The bank vowed to defend itself “vigorously” in the lawsuit and added that the …
  • AUM of funds linked to SIP at record high despite moderating inflows 21 Sep 2020 14:38 Though the monthly inflow in the systematic investment plans (SIP) has moderated, it has not deterred the growth in the size of the funds linked to the SIP investment. The assets under management (AUM) of the mutual funds linked to the SIP plans reached to …
  • SBI opens online window for restructuring retail loans: Here's how to use it 21 Sep 2020 14:37 The State Bank of India (SBI) announced today that it has launched an online portal for smooth and hassle-free implementation of restructuring of retail loans such as home loans, auto loans etc. According to a press release issued by the bank, retail …
  • DDoS attacks are on the rise in India, says cyber security firm Radware 21 Sep 2020 14:35 New Delhi: The frequency of DDoS attacks in India saw a steady increase from January until June this year, followed by a drop in July. But the attacks were up again in August, said a report With Covid 19 and Work From Home (WFH) companies have had little …
  • Sensex's 811-point fall hits grey market premiums of three IPOs 21 Sep 2020 14:35 NEW DELHI: The BSE benchmark Sensex's 900-point plunge on Monday has sent grey market premiums of CAMS, Chemcon Speciality Chemicals and Angel Broking falling, giving investors a deja vu of SBI Card IPO, whose grey market premium had plunged on …
  • Bigger money will be made in top 4 private banks over next 12 months 21 Sep 2020 14:15 We continue to be positive on the market and these corrections in our view would be bought into by people who are on the sidelines, says the Fund Manager, MOAMC. How do you see things building up particularly as it is also the expiry week? We have been …
  • It Hardly Rains, It Pours By Alex Otti 21 Sep 2020 14:04 “In the US, after the Great Depression, they invested heavily in infrastructure to create a lot of employment. In Germany, after the war, there was the Marshall plan for roads, rail, housing, energy, water and so on. That created massive employment after …
  • Business Subsistence Package: Relevance, Adequacy and Impact 21 Sep 2020 14:02 WhatsApp Facebook Twitter Email 9Shares There is no denying the fact that the size of the loss incurred by J&K in last 13 months i.e. approximately Rs. 41,000 Crore and the meager volume of the financial response i.e. Rs. 1353 Crore, is beyond …
  • SIDBI and CRIF India collaborate to introduce sector-based insight reports 'Industry Spotlight' 21 Sep 2020 13:27 Small Industries Development Bank of India (SIDBI), the nation's apex financial institution for Micro, Small and Medium Enterprises (MSMEs) has partnered with CRIF High Mark, a leading Indian credit bureau owned by CRIF, for the launch of sector-based …
  • Amit Shah wants Assam govt to engage legal experts to examine the clause 6 panel’s recommendations 21 Sep 2020 13:24 GUWAHATI: Assam finance minister Himanta Biswa Sarma said Union home minister Amit Shah has asked the state government to engage legal experts and constitutional experts to examine the clause 6 panel’s recommendations. Sarma told media persons that since …
  • Kate Forbes: Assuming a £43 billion responsibility at the shortest of notice 21 Sep 2020 13:23 Usually you have time to prepare for the biggest challenge of your career – especially if it will be broadcast live to millions. Kate Forbes, MSP for Skye, Lochaber and Badenoch, did not have that luxury. The 30-year-old, from Dingwall, became a household …
  • Panaesha Capital B2B Model Has Received a Huge Acceptance in the Financial Market 21 Sep 2020 13:20 Sep 21, 2020 (IssueWire via COMTEX) -- New Delhi, Sep 21, 2020 (Issuewire.com) - India's first fintech company that has introduced the B2B model in the cryptocurrency industry, recently Panaesha Capital celebrated the 3rd Foundation Day on 17th …
  • TN's economy to revive to pre-Covid-19 period in two months: C Rangarajan 21 Sep 2020 13:04 Tamil Nadu's economy will rebound to the pre-COVID-19 period in two months, former Reserve Bank of India (RBI) Governor C Rangarajan said on Monday. There is likely to be a contraction due to the pandemic, Rangarajan, heading a high-level committee to …
  • Personal care brand mCaffeine raises Rs 42 crore in third round of funding 21 Sep 2020 12:51 BENGALURU: Pep Technologies, that owns digital-first personal care brand mCaffeine, has raised Rs 42 crore in a Series B funding round from a consortium of investors led by Amicus Capital along with RPSG Ventures and existing investors, Telama Investments …
  • India: Baby dies after man 'cuts pregnant wife's belly' 21 Sep 2020 12:46 Published duration 19 minutes ago Police in India say a pregnant woman whose belly was allegedly cut open with a sickle by her husband has given birth to a stillborn boy. The woman's family has alleged that the man attacked her because he wanted to …
  • State Bank of India kicks off restructuring of retail loans 21 Sep 2020 12:14 MUMBAI: State Bank of India (SBI), the country's largest bank has kicked off its due diligence for restructuring of retail loans by announcing a two step process to which includes allowing customers to check their eligibility for restructuring through …
  • Byju’s aims to be one of the largest education providers in the world: Gokulnath 21 Sep 2020 12:03 New Delhi: The pandemic has helped online learning firm Byju’s become a decacorn and it is now looking to expand in overseas markets. In India, it plans to introduce more subjects in multiple vernacular languages, along with a new mentoring programme to …
  • Stock market update: BSE SmallCap index dips over 3%; Indiabulls Housing Fin nosedives 13% 21 Sep 2020 11:45 NEW DELHI: S&P BSE SmallCap index was trading lower at 02:17PM (IST) on Monday. Shares of Indiabulls Housing Finance Ltd (down 13.05 per cent), Vikas Wsp (down 9.96 per cent), Suven Life Sciences (down 9.74 per cent), Hikal (down 9.41 per cent) and ITD …
  • Monday Mayhem! Investors lose Rs 4.58 lakh crore; top factors behind Sensex's 812-point crash 21 Sep 2020 11:45 NEW DELHI: Surging virus cases in countries that seemingly had controlled the outbreak hit the market sentiments on Dalal Street with domestic equity indices racing to their third close in the red in as many days on Monday. Meanwhile, a selloff in global …
  • External debt increases almost 3% to $559 billion at March-end 21 Sep 2020 11:32 Private sector debt rises 4.2% to $457.7 bn, four times sovereign debt of $100.9 bn India’s total external debt increased by 2.8% to $558.5 billion at the end of March mainly on account of a rise in commercial borrowings, a Finance Ministry report showed. …
  • HDFC Bank clarifies on US lawsuit, denies allegations 21 Sep 2020 10:11 HDFC Bank expects its response to the lawsuit to be due in early 2021. "We wish to inform you that the Bank is aware of a complaint that was recently filed against the Bank and its three employees in the United States. The lawsuit, which was filed by …
  • A new bright picture of Saudi Arabia (On the occasion of 90th National Day of Kingdom of Saudi Arabia) 21 Sep 2020 09:36 This September 23 marks the 90th anniversary of the unification of the Kingdom of Saudi Arabia by the founder King Abdul Aziz bin Abdul Rahman Al Saud. Nine decades of continued growth and nation building transformed the kingdom into a global economic …
  • Know your mutual fund adviser: Here's how you can judge a distributor or adviser 21 Sep 2020 09:01 By Dhirendra Kumar In the entire chain of mutual fund investing, from the asset management company which creates and runs the fund to the saver who uses that fund to invest savings, nothing is more central and yet more in flux than the entities who sell …
  • Rural agricultural households and their search for steady income 21 Sep 2020 09:01 By Uma Shashikant We met this young couple who migrated to the city leaving behind the family in the village. They live with the guilt of not being near their parents. They bear the burden of being blamed as chasers of money and material. But their side of …