#39;Valuations already hit 2000, 2008 lows; but sustainable recovery possible only if COVID cases peak globally first#39;

Sharp fall in oil prices is a significant help but generally such low levels of crude is negative for flows and global economic activity.

from Moneycontrol Market Outlook https://ift.tt/39AefDA

Most Nifty companies hit 52-week low in March amid COVID-19 fall; should you buy?

Positions in quality stocks can be made in a staggered manner keeping in view the risk profile of investor(s) in order to avoid opportunity loss, suggest experts.

from Moneycontrol Market Outlook https://ift.tt/33ZAku0

Zen Technologies to develop ventilator prototype for India to fight COVID-19

"As a part of the corporate social responsibility... Zen Technologies has dedicated a small research and development team to develop a prototype of a ventilator for India," the company said.

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Honda commits Rs 11cr for fight against COVID-19

As part of the initiative, Honda will immediately supply 2,000 units of high pressure backpack sprayers to various government agencies.

from Moneycontrol Business News https://ift.tt/3dLb7YM

SpiceJet says some employees will get salaries in 2 parts

According to a senior official in SpiceJet, there were some employees who had got just a few thousand rupees in their bank accounts from the company as salary till now.

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

Yes Bank raises Rs 3,500cr from sale of certificate of deposits to two PSU banks: Report

The process was completed within three working days

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Maruti Suzuki March sales at 83,792 units

The company ended FY 2019-20 with total sales of 15,63,297 units.

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

MG Motor sells 1,518 units in March

"Both MG Hector and MG ZS EV have made a mark in the Indian car market. Despite supply chain disruption globally, MG Motor continues to serve its customers.

from Moneycontrol Business News https://ift.tt/2w2ZTxG

Biocon#39;s insulin manufacturing facility in Malaysia gets EIR with VAI classification From USFDA

In a regulatory filing the company said, Biocon Sdn Bhd, a subsidiary of Biocon Ltd has received the EIR from the USFDA for the Pre-Approval Inspection (PAI) of its insulin manufacturing facility in Malaysia, for Insulin Glargine.

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Donald Trump warns Americans of a tough two weeks ahead in coronavirus fight

In perhaps his most somber news conference to date about the pandemic, Trump, who has faced criticism for playing down the threat of the outbreak in its initial phases, urged the population to heed guidance to limit groups to no more than 10 people, work from home and not dine in restaurants or bars.

from Economic Times https://ift.tt/2xHukd7

Investors lose over Rs 30 lakh cr in March; 43 stocks in BSE 500 fall over 50%

Stocks that shaved off more than half of their value include names like Dish Tv India and AU Small Finance Bank

from Moneycontrol Market Outlook https://ift.tt/2Uvy5eN

Coronavirus pandemic | Call charge waivers to hit telecom revenues by 1-1.5%

Telcos could each take a 1-1.5% one-time hit on revenue if they waive call charges for migrant labourer users.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-call-charge-waivers-to-hit-telecom-revenues-by-1-15_13632801.html

Coronavirus pandemic | Retailers begin bulk deliveries to RWAs in some cities: Report

During 21-day nationwide lockdown, retailers can sell only essential items identified by the government.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-retailers-begin-bulk-deliveries-to-rwassome-cities-report_13632701.html

Podcast: Market-moving stocks & news

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

from Economic Times https://ift.tt/3dKZjFW

Govt slashes interest on PPF, NSC and other small savings schemes - here are the new rates

Interest rates on PPFs for the first quarter of FY20-21 have been cut by 80 bps to 7.1 percent.

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

SC urges media not to disseminate unverified news that causes panic

"We do not intend to interfere with the free discussion about the pandemic, but direct the media refer to and publish the official version about the developments," the apex court order said.

from Moneycontrol Business News https://ift.tt/33YRCaw

Coronavirus pandemic | PFC pledges Rs 200 cr under PM-CARES Fund to fight COVID-19

PFC#39;s employees will voluntarily contribute a day#39;s salary to the fund to further strengthen the nation#39;s fight against the dreaded disease, a company statement said.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-pfc-pledges-rs-200-cr-under-pm-cares-fund-to-fight-covid-19_13630001.html

Coronavirus pandemic | Private sector should not cut jobs post-lockdown

"Besides pain for the employees, job and salary cuts would impede a quick recovery for businesses also," Rekha Sethi, Director- General, All India Management Association, told Moneycontrol.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-private-sector-should-not-cut-jobs-post-lockdown_13629921.html

Coronavirus pandemic | MakeMyTrip launches #39;Stays for Saviours#39; initiative to support healthcare providers

"This initiative has been rolled out in partnership with hotel chains and independent hotels that are pitching in to support our healthcare heroes across 26 states and 4 Union Territories", MakeMyTrip said in a statement.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-makemytrip-launches-39stays-for-saviours39-initiative-to-support-healthcare-providers_13629861.html

COVID-19 impact: Consumer durable sector face earnings downgrades

Edelweiss slashed earnings by 9–18 percent for stocks in their coverage. It remains positive on Amber Enterprises which was recently added to the model portfolio along with KEI Industries, and Voltas.

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

#39;Present situation and stress can open up more MA discussions than usual, these 4 sectors can benefit#39;

Investors should be disciplined during this period as the overall weak phase might continue given the nature of the uncertainty, both global and domestic.

from Moneycontrol Market Outlook https://ift.tt/2QZb4yF

Vodafone Idea offers prepaid validity extension for low-income feature phone subscribers

Telecom operator Bharti Airtel on Monday had announced an extension in the validity period of more than 8 crore pre-paid connections until April 17 as well as credited talk time of Rs 10 in these accounts.

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

Coronavirus pandemic | Top food companies to not raise product prices despite jump in costs: Report

Companies are facing supply chain disruptions due to the nationwide lockdown.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-top-food-companies-to-not-raise-product-prices-despite-jumpcosts-report_13629601.html

Coronavirus pandemic | Govt appeals to top companies for contributions to PM-CARES fund

The corporate affairs ministry, which is implementing the Companies Act, has already clarified that contributions to the fund will qualify as CSR expenditure.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-govt-appeals-to-top-companies-for-contributions-to-pm-cares-fund_13629501.html

SBI-led consortium approves Suzlon Energy’s Rs 14,000-cr debt restructuring plan

The company is working on finalising various definitive agreements with the lenders, it told BSE

from Moneycontrol Business News https://www.moneycontrol.com/news/business/sbi-led-consortium-approves-suzlon-energy’s-rs-14000-cr-debt-restructuring-plan_13629401.html

Coronavirus impact: Companies launch hand sanitiser sachets for as low as Re 1

The sachets are launched with an aim to make it easily affordable and accessible largely in kirana stores.

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

Coronavirus pandemic | JSPL announces Rs 25 cr contribution to PM-CARES Fund

JSPL Foundation is providing food and other essential supplies to the local communities in the vicinity of its manufacturing locations.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-jspl-announces-rs-25-cr-contribution-to-pm-cares-fund_13629341.html

HDFC Bank, ITC among 10 stocks that could benefit from stimulus package

Experts feel that the coming few months are expected to be difficult as all financial markets have witnessed a swift meltdown thereby opening up opportunities for long term investors to dip in.

from Moneycontrol Market Outlook https://ift.tt/3awtKxE

Coronavirus pandemic | Now you may be allowed to defer date of journey beyond April 30 in your travel insurance

While IRDAI has asked insurers to provide this option, policy holders should check with their respective companies for the facility.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-now-you-may-be-allowed-to-defer-datejourney-beyond-april-30your-travel-insurance_13629261.html

Coronavirus pandemic | Bharti Enterprises pledges over Rs 100 crore to support India#39;s fight against COVID-19

Pointing to the "extremely challenging times" and "biggest healthcare crisis of modern era in the form of COVID-19 epidemic", the company said that the immediate priority is to collectively support the efforts of the government to mitigate the impact of this crisis.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-bharti-enterprises-pledges-over-rs-100-crore-to-support-india39s-fight-against-covid-19_13629221.html

HDFC Bank, ITC among 10 stock that could benefit from stimulus package

Experts feel that the coming few months are expected to be difficult as all financial markets have witnessed a swift meltdown thereby opening up opportunities for long term investors to dip in.

from Moneycontrol Market Outlook https://ift.tt/3dAkuua

#39;Market still in bear grip; short-covering rally may take Nifty towards 8,960#39;

A sustained trade below 8260 could drag the Index lower to levels of 8080 and 7800. On the flip side a trade beyond 8450 can activate short covering rallies taking Nifty higher to levels of 8740 and 8960.

from Moneycontrol Market Outlook https://ift.tt/3axdZqf

COVID-19: How investors can put the market’s deep correction and the occasional bear market rally to good use

Investors should get out of weak positions taking advantage of a bear market rally and redeploy the cash in strong businesses that are likely to survive and grow once normalcy returns.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-how-investors-can-putmarket’s-deep-correctionthe-occasional-bear-market-rally-to-good-use_13628161.html

Podcast: Let's talk business & markets

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

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BS6 Switchover | Last chance to avail hefty discounts on cars, SUVs and bikes

BS4 stocks are to become obsolete from April 1 onwards as India adopts BS6, the most advanced emission norm in the world

from Moneycontrol Business News https://www.moneycontrol.com/news/business/bs6-switchover-|-last-chance-to-avail-hefty-discountscars-suvsbikes_13628421.html

Shapoorji Pallonji Group looking to pledge 18.4% stake in Tata Sons for $1 billion: Report

Talks are in early stages, but the Tata Sons stake is their biggest asset and the Shapoorji Group needs to infuse significant capital into their businesses.

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

Covid-19: Apollo teams up with OYO, Lemon Tree, Ginger Hotels to create 5,000 isolation rooms

Joining hands with partners including HUL, SBI and OYO, Apollo Hospitals plans to scale this capacity to up to 5,000 rooms where patients can stay in isolation.

from Moneycontrol Business News https://ift.tt/3dBeYHT

COVID-19: How investors can put to good use the market’s deep correction and the occasional bear market rally

Investors should get out of weak positions taking advantage of a bear market rally and redeploy the cash in strong businesses that are likely to survive and grow once normalcy returns.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-how-investors-can-put-to-good-usemarket’s-deep-correctionthe-occasional-bear-market-rally_13628161.html

BSNL, MTNL release over Rs 10,000cr for VRS employees

A total of 78,569 employees of BSNL and 14,387 staffers of MTNL have opted for the voluntary retirement scheme (VRS) which closed on December 3, 2019.

from Moneycontrol Business News https://ift.tt/33XkjEL

Coronavirus impact | Lockdown could have $1 bn impact on ecommerce gross sales: Report

India is currently is a lockdown till April 14, during which e-tailers are permitted to sell only essential items.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-impact-|-lockdown-could-have-361-bn-impactecommerce-gross-sales-report_13625741.html

Coronavirus impact | Should the government come to the aid of airlines?

There is a case to help them. And there is one, not to.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-impact-|-shouldgovernment-come-toaidairlines_13625721.html

Tata Power starts commercial operations of Georgia hydro plant

Adjaristsqali Georgia - a joint venture between Tata Power, Norway#39;s Clean Energy Invest (CEI) and International Financial Corporation- is setting up a 187 MW of hydro project at a cost of around USD 500 million. It has now commissioned 178 MW of the total capacity.

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

In Pics | Here#39;s how corporate India is joining the fight against COVID-19

India#39;s corporate world has committed or donated more than Rs 2700 crore in direct and indirect aid to help fight the novel coronavirus (Covid-19). Here#39;s a look at all such major contributions

from Moneycontrol Business News https://www.moneycontrol.com/news/business/in-pics-|-here39s-how-corporate-india-is-joiningfight-against-covid-19_13624641.html

Market sustainability will depend on the behaviour of the COVID-19 curve: Naveen Kulkarni

Rebalancing in ETFs and pension fund buying support helped the markets rally. The RBI announced an out-of-turn rate cut and measures to improve liquidity in the system.

from Moneycontrol Market Outlook https://ift.tt/3avTSZp

High-dividend stocks seem safe bet in times of uncertainty; which one should you buy?

Most of these high dividend-paying companies have healthy cash reserves which could be utilized for paying dividends in difficult times as well when the core businesses get impacted.

from Moneycontrol Market Outlook https://ift.tt/39qsNWk

USFDA classifies Sun Pharma#39;s Halol manufacturing site for official action, may put all new approvals on hold

The OAI status implies that the USFDA may put all new approvals from the Halol facility on hold till the outstanding corrective actions are completed.

from Moneycontrol Business News https://ift.tt/3artekw

Coronavirus pandemic | Worried about pink slips, execs now ready to move jobs with pay-cut

Candidates are ready to take lower pay hikes or even cuts due to the looming threat of job losses

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-worried-about-pink-slips-execs-now-ready-to-move-jobspay-cut_13625421.html

Bank of Baroda cuts personal, retail loan rates by 75 bps to 7.25%

The BRLLR linked to RBI Repo Rate is revised downwards in line with the reduction on Reserve Bank of India Repo Rate from 5.15 percent to 4.40 percent, it said.

from Moneycontrol Business News https://ift.tt/2wOJIo1

Lupin gets EIR from USFDA for Florida-based inhalation research centre

The facility was inspected by the US Food and Drug Administration (USFDA), between February 19, 2020, and February 26, 2020, on behalf of the UK Medicines and Healthcare Products Regulatory Agency (UKMHRA) for company#39;s application for generic Fostair.

from Moneycontrol Business News https://ift.tt/2QXj1V7

Coronavirus pandemic | Mother Dairy mulls tie-up with e-commerce players to maintain milk supply: Report

Supply of milk is permitted during the nationwide lockdown, since it is one of the essential items identified by the Centre.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-mother-dairy-mulls-tie-upe-commerce-players-to-maintain-milk-supply-report_13625221.html

Top 10 high-dividend stocks to look at in times of uncertainty

Most of these high dividend-paying companies have healthy cash reserves which could be utilized for paying dividends in difficult times as well when the core businesses get impacted.

from Moneycontrol Market Outlook https://ift.tt/2vWUB6P

Maruti Suzuki announces service, warranty extensions to support customers

"For customer vehicles, whose free service, warranty and extended warranty are scheduled to end in the period from March 15, 2020 to April 30, 2020 are now being extended up to June 30, 2020," MSI said in a statement.

from Moneycontrol Business News https://ift.tt/3bzKNPl

LT announces Rs 150cr donation to PM-CARES Fund to fight COVID-19

LT joins a list of other corporates including Tata Group and Reliance Industries who have come forward to offer their support to fight this unprecedented crisis.

from Moneycontrol Business News https://ift.tt/3bMto6n