Sunday, June 30, 2019

Maruti Suzuki June sales tank 14%; stock trades flat

Maruti Suzuki June sales tank 14%; stock trades flat In Apil-June period, Maruti said its total sales plummeted 17.9 percent to 4.02 lakh units compared to 4.9 lakh units sold in the same quarter last year

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India lowers tariff for KG Basin pipeline network by 64%

India lowers tariff for KG Basin pipeline network by 64% The new tariffs are applicable from July 1.

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#39;Buy LIC Housing Finance, UltraTech Cement and PNC Infra ahead of Budget 2019#39;

#39;Buy LIC Housing Finance, UltraTech Cement and PNC Infra ahead of Budget 2019#39; Forthcoming budget along with various measures that could be part of the 100-day agenda of Modi 2.0 is the most eagerly awaited events ahead, said Shailendra Kumar of Narnolia Financial Services

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Anil Ambani to sell or lease out Mumbai headquarters, in talks with Blackstone, US-based fund: Report

Anil Ambani to sell or lease out Mumbai headquarters, in talks with Blackstone, US-based fund: Report The company aims to monetise its real estate in order to generate cash to pay off its debt obligations following the ratings downgrade of its group companies

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India#39;s manufacturing sector growth moderates in June amid softer rise in orders: PMI

India#39;s manufacturing sector growth moderates in June amid softer rise in orders: PMI According to the survey, consumer goods was the key source of growth, where robust increases in sales, output and employment were registered.

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Morning Podcast: Market moving stocks and news

Tune in! Your daily digest of market news, views and cues.

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Revenue buoyancy in indirect taxes weak, need to cut centrally sponsored schemes, says N K Singh

Revenue buoyancy in indirect taxes weak, need to cut centrally sponsored schemes, says N K Singh He said the goods and services tax (GST) needs to be watched carefully in the years to come. Compliance needs to be raised and leakages minimised.

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Helo expects 100 million monthly users by 2019-end

Helo expects 100 million monthly users by 2019-end Helo has appointed grievance officer to meet requirement of Indian government and increasing partners with moderators to check fake information on it platform.

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Fintech, start-ups expect tax sops, funding access, digital push in upcoming Budget 2019

Fintech, start-ups expect tax sops, funding access, digital push in upcoming Budget 2019 It come at a time when the consumption demand is not growing fast enough, investment is tapering and exports are falling.

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Lenders of troubled DHFL to meet on July 1

Lenders of troubled DHFL to meet on July 1 The DHFL debt has been downgraded by multiple rating agencies as the stress kept building up, while the company has also deferred announcement of quarterly results last week.

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Fund transfer via RTGS, NEFT set to get cheaper from July 1

Fund transfer via RTGS, NEFT set to get cheaper from July 1 The country#39;s largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.

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Steel ministry to give formal view on RCEP after meeting with stakeholders

Steel ministry to give formal view on RCEP after meeting with stakeholders Views of the steel sector, which is already under stress due to high imports, assumes significance as the domestic players have raised serious concerns over significant reduction of customs duties under the proposed pact.

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Govt to introduce further reforms in GST on July 1 to mark two years of rollout

Govt to introduce further reforms in GST on July 1 to mark two years of rollout The ministry said it will introduce the new return system on a trial basis from July 1 and on mandatory basis from October 1.

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Time to implement GST 2.0: India Inc

Time to implement GST 2.0: India Inc Batting for a single registration process pan-India, CII said building on the milestones of the past two years, it is time to implement GST 2.0.

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Markets to be in #39;wait and watch#39; mode ahead of Budget: Analysts

Markets to be in #39;wait and watch#39; mode ahead of Budget: Analysts However, markets may see some upmove following the trade truce announced by the US and China at the G-20 summit over the weekend, they added.

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Mahanagar Gas to raise CNG, piped gas prices in Mumbai from July 1

Mahanagar Gas to raise CNG, piped gas prices in Mumbai from July 1 The price of CNG will be revised to Rs 51.99/kg in Mumbai and surrounding areas

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AAI spent Rs 4 crore in 2018-19 to maintain 26 non-operational airports

AAI spent Rs 4 crore in 2018-19 to maintain 26 non-operational airports In 2017-18, the Airport Authority of India had spent Rs 2.66 crore to maintain these 26 airports.

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ReNew Power raises $300 million via rights issue

ReNew Power raises $300 million via rights issue Goldman Sachs, Abu Dhabi Investment Authority and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, with each of the shareholders infusing $100 million.

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Bajaj Capital looks at fundraising to meet growth plan

Bajaj Capital looks at fundraising to meet growth plan After the transformation in the past two years, the company has witnessed phenomenal growth in both its topline and bottomline, Bajaj Capital Chief Executive Officer Rahul Parikh said.

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Grofers targets to convert 200 brick-and-mortar stores into its branded outlets

Grofers targets to convert 200 brick-and-mortar stores into its branded outlets The SoftBank-backed company has been working on the business model for the past few months and has already converted about 100 such #39;kirana#39; outlets.

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ILFS board sets up sub-committee to oversee disinvestment process

ILFS board sets up sub-committee to oversee disinvestment process During the meeting, ILFS board reviewed the progress on divestment of all domestic and foreign assets outlined in its resolution framework.

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Not all shadow bankers are in stress; HDFC, Bajaj Finance top bets

Not all shadow bankers are in stress; HDFC, Bajaj Finance top bets Apart from the Union Budget, the market would also keep an eye on the recommendation of the Bimal Jalan Committee on the central bank#39;s economic capital framework

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Budget 2019: #39;Job creation will be top priority along with addressing rural distress#39;

Budget 2019: #39;Job creation will be top priority along with addressing rural distress#39; Hopes and expectations for the economy and markets are obviously high as the mandate for the government has been very strong, says Devang Mehta, Head - Equity Advisory, Centrum Wealth Management

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Saturday, June 29, 2019

Reliance MF extends repayment date on Reliance Home Finance NCDs

Reliance MF extends repayment date on Reliance Home Finance NCDs Four schemes of Reliance Mutual Fund--Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund Reliance Strategic Debt Fund--had investment in NCDs of Reliance Home Finance.

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Trump relents on Huawei in China truce, reviving stalled talks

Huawei reacted positively to the news on its verified Twitter account.

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Reliance Home Finance misses payment on NCD to Reliance MF

Reliance Home Finance misses payment on NCD to Reliance MF Four schemes of Reliance Mutual Fund--Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund Reliance Strategic Debt Fund--had investment in NCDs of Reliance Home Finance.

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India pushes for tobacco exports to China

India pushes for tobacco exports to China Earlier this year, China extended protocol, which has remained dormant, on the export of Indian tobacco leaves during the visit of Commerce Secretary Anup Wadhawan to China in January.

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JSW Steel bid for Asian Colour Coated Ispat gets lenders nod

JSW Steel bid for Asian Colour Coated Ispat gets lenders nod JSW Steel has offered to pay Rs 1,525 crore, and Rs 25 crore to operations creditors.

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This week in Auto: Demand for GST cut exposes rift in industry; Tata Motors needs transformation says Chairman

This week in Auto: Demand for GST cut exposes rift in industry; Tata Motors needs transformation says Chairman Here is the list of all the major news that made headlines during the week

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MF Wrap | SEBI becomes impact player in risk management of debt mutual funds

Himadri Buch In risk management concerns of debt segments, SEBI and the RBI look to be on same page.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mf-wrap-|-sebi-becomes-impact-playerrisk-managementdebt-mutual-funds_12697381.html

Japan's Shinzo Abe says G20 leaders confirm need for free, fair trade

"The global economy continues to face downside risks as trade tensions persist," Abe told a news conference.

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Should DU conduct aptitude tests rather than setting 98% cut-offs?

M Saraswathy Students scoring below 97-98 percent do not stand a chance to pursue a career of their choice

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The Moneycontrol Show รข”‚ Budget Expectations, GST, Market Strategies

The Moneycontrol Show รข”‚ Budget Expectations, GST, Market Strategies Santosh Nair, Editor รข€“ Moneycontrol, wraps the stock market action of the week for us and also shares what are market expectations from the upcoming Union Budget.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-moneycontrol-show-รข”‚-budget-expectations-gst-market-strategies_12697161.html

Friday, June 28, 2019

BS-VI transition may lead to dumping of old stock: Bajaj Auto

BS-VI transition may lead to dumping of old stock: Bajaj Auto The company told its shareholders that a large part of its strength lies in its success in exports, where the markets are not only diverse but also less prone to acute competitive pressures as the domestic market.

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Budget 2019 could be a populist one; Nifty unlikely to breakout soon

Budget 2019 could be a populist one; Nifty unlikely to breakout soon Despite the Union Budget being an important event to watch, the mood of the street is not positive.

from Moneycontrol Market Outlook https://ift.tt/2JiXr8O

#39;Smart money is moving towards value small midcaps; invest in these stocks ahead of Budget 2019#39;

VK Sharma We have realistic expectations from Nirmala Sitharamanรข€™s maiden budget and the first in the Modi 2.0 version.

from Moneycontrol Market Outlook https://ift.tt/2YkoJlJ

The Moneycontrol Show รข”‚Budget Expectations, GST, Market Strategies

The Moneycontrol Show รข”‚Budget Expectations, GST, Market Strategies Santosh Nair, Editor รข€“ Moneycontrol, wraps the stock market action of the week for us and also shares what are market expectations from the upcoming Union Budget.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-moneycontrol-show-รข”‚budget-expectations-gst-market-strategies_12697161.html

Odisha government presents Rs 1.39 lakh crore budget for FY20

Odisha government presents Rs 1.39 lakh crore budget for FY20 The outlay of the state budget, tabled by Finance Minister Niranjan Pujari in the assembly, is about 15.8 percent more than that of 2018-19.

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Measures that Modi government took for India#39;s health in previous budgets

Measures that Modi government took for India#39;s health in previous budgets Arun Jaitley announced the start of National Health Protection Scheme in the Budget 2018

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RBI tweaks conditions for sale of asset by an ARC to another

RBI tweaks conditions for sale of asset by an ARC to another The selling ARC will utilise the proceeds so received for the redemption of underlying security receipts, it said.

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RBI Governor Shaktikanta Das cautions against cherry-picking of data by experts

RBI Governor Shaktikanta Das cautions against cherry-picking of data by experts Speaking at the RBI#39;s 13th Annual Conference, on the eve of #39;Statistics Day#39;, Das said in recent times there have been animated discussions on the precision of statistical methods.

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#39;Smart money is moving towards value small midcaps; invest in these stock ahead of Budget 2019#39;

VK Sharma We have realistic expectations from Nirmala Sitharamanรข€™s maiden budget and the first in the Modi 2.0 version.

from Moneycontrol Market Outlook https://ift.tt/2ZU6rYJ

Fashion retailer Zara FY#39;19 profit dips 13.4% in India

Fashion retailer Zara FY#39;19 profit dips 13.4% in India Besides Zara and Massimo Dutti, Spanish fashion firm Inditex also owns fashion brands such as Bershka, Oysho, Pull and Bear, Stradivarius and Uterqรƒ¼e.

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Russian President Vladimir Putin brings own mug to G20 summit

Russian President Vladimir Putin brings own mug to G20 summit Videos showed Putin, in power for almost twenty years, drinking from a white thermos mug while other leaders drank from regular wine glasses.

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Windacre Partnership buys Power Finance Corporation shares worth Rs 755 crore

Windacre Partnership buys Power Finance Corporation shares worth Rs 755 crore Windacre Partnership bought the shares for Rs 135 per scrip, translating to a Rs 755.10 crore deal, as per NSE#39;s bulk deal data.

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Oh-saka: Fist-bumps, gags and love-ins for US President Donald Trump at G20

Oh-saka: Fist-bumps, gags and love-ins for US President Donald Trump at G20 As leaders gathered for a group photo, Trump chatted warmly with Russian President Vladimir Putin, patting him gently on the back as they parted ways.

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Why revolving door at USFDA raises ethical concerns?

Why revolving door at USFDA raises ethical concerns? A revolving door is a practice where people in highly influential positions in the government move to jobs in the private sector and vice-versa.

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3 Point Analysis | Budget 2019: Eye capital goods space

3 Point Analysis | Budget 2019: Eye capital goods space Moneycontrol#39;s Sakshi Batra does a 3 Point Analysis of what measures the government can announce in next week#39;s Union Budget

from Moneycontrol Business News https://www.moneycontrol.com/news/business/3-point-analysis-|-budget-2019-eye-capital-goods-space_12695281.html

Jet Airways NCLT update: Employee consortium joins hands with AdiGro Aviation to bid for 75% stake

Jet Airways NCLT update: Employee consortium joins hands with AdiGro Aviation to bid for 75% stake The next NCLT hearing is on July 5

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Ola invests in Avail Finance, to build financial solutions for driver-partners

Ola invests in Avail Finance, to build financial solutions for driver-partners "Avail Finance has entered into a strategic partnership with Ola to build financial solutions for its base of 1.5 million driver-partners. As part of this partnership, Ola will be making a strategic investment in Avail Finance in its series A round of funding," Avail said in a statement on Friday.

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Bharti Airtel shuts 3G service in Kolkata

Bharti Airtel shuts 3G service in Kolkata "This is in line with our stated strategy of focusing on serving quality customers with best-in-class service experience. Going forward, we plan to refarm all of our 3G spectrum across India and deploy it for 4G in a phased manner," Randeep Sekhon, CTO รข€“ Bharti Airtel said in a statement.

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Govt working on finalising fresh divestment plan for Air India: Report

Govt working on finalising fresh divestment plan for Air India: Report A Preliminary Information Memorandum (PIM) is likely to be floated in July as the divestment is part of a 100-day agenda.

from Moneycontrol Business News https://ift.tt/2YjJayX

Govt working on finalising fresh divestment plan for Air India

Govt working on finalising fresh divestment plan for Air India A Preliminary Information Memorandum (PIM) is likely to be floated in July as the divestment is part of a 100-day agenda.

from Moneycontrol Business News https://ift.tt/2Xe9cY3

Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group

Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is...