These lucky 7 midcaps turned largecaps in the last one year; time to buy?

As many as 7 stocks are now trading with a market-cap of more than Rs 20,000 crore, including Abbott India, Adani Green, Ipca Lab and Tata Consumer

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

AGC Networks to acquire Fujisoft to enhance presence in MEA region

The proposed acquisition will also enhance the current solution portfolio of AGC and Black Box across cloud computing and virtualisation, cyber security, managed services, data centre and collaboration solutions, a statement said.

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

Hoteliers rush to raise funds to meet working capital needs

Lemon Tree Hotels and Indian Hotels Company, two of the biggest listed companies in the hotel space, will raise Rs 450 crore

from Moneycontrol Business News https://ift.tt/2MiFI3y

COVID-19 effect: DGCA extends deadline for IndiGo, GoAir to replace unmodified PW engines to August 31

The PW engine-powered A320 neo planes in IndiGo and GoAir fleets have been facing glitches both mid-air and on-ground since their induction way back in 2016.

from Moneycontrol Business News https://ift.tt/2Megm6R

Vodafone Idea shares slip 8%; should you buy on dips?

Vodafone Idea advanced nearly 35 per cent intraday on Friday after the news reports.

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

Story in a chart: Nifty Metal index may outperform Nifty going ahead

The Nifty Metal index is showing strong signs of multi-month outperformance compared to Nifty as well as the broader market going ahead.

from Moneycontrol Market Outlook https://ift.tt/2XlYg9q

NIIT Technologies – life beyond buyback

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from Moneycontrol Business News https://www.moneycontrol.com/news/business/niit-technologies-–-life-beyond-buyback_13842361.html

India’s Most Valuable Brands 2020: Five out of six auto firms record a fall in brand value due to COVID-19

Brand Maruti Suzuki is valued at $2.8 billion down from $3.8 billion recorded in 2019

from Moneycontrol Business News https://www.moneycontrol.com/news/business/india’s-most-valuable-brands-2020-five-outsix-auto-firms-recordfallbrand-value-due-to-covid-19_13842261.html

Coronavirus impact: Top Indian firms likely to lose $25 billion of brand value, says Brand Finance report

Among the companies, Tata Group retained the title of India’s most valuable brand, breaking the USD 20 billion brand value mark for first time and showing a 2.3 percent growth.

from Moneycontrol Business News https://ift.tt/3dmMnp1

India’s Most Valuable Brands 2020: Companies worldwide likely to lose $1 trillion due to COVID-19; aviation, hotels, retail among worst-affected

While aviation, airlines and airports are among the worst-affected, home delivery apps and online video conferencing platforms have seen a surge in demand due to the work-from-home revolution

from Moneycontrol Business News https://www.moneycontrol.com/news/business/india’s-most-valuable-brands-2020-companies-worldwide-likely-to-lose-361-trillion-due-to-covid-19-aviation-hotels-retail-among-worst-affected_13842281.html

India’s Most Valuable Brands 2020: Tata Steel is the most valued among metals and mining companies

Vedanta and JSW Steel come follow Tata Steel on the second and third spots respectively.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/india’s-most-valuable-brands-2020-tata-steel-ismost-valued-among-metalsmining-companies_13842181.html

India’s Most Valuable Brands 2020: Reliance Industries#39; grows by 25%, ranks third among top 10 most valued brands

Of the most 10 valuable Indian, RIL was the only company to have witnessed a value growth of more than 25 percent.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/india’s-most-valuable-brands-2020-reliance-industries39-grows-by-25-ranks-third-among-top-10-most-valued-brands_13842241.html

Pricey F&Os & things you must know to start your day

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

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

Amazon#39;s Jeff Bezos invests in UK digital freight forwarder Beacon

Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.

from Moneycontrol Business News https://ift.tt/3eDgnx4

Domestic cooking gas price hiked effective from June 1

The hike will not impact beneficiaries of Pradhan Mantri Ujjwala as they are covered by the Pradhan Mantri Garib Kalyan Yojana and are entitled to a free cylinder till June 30.

from Moneycontrol Business News https://ift.tt/2MjqJq2

#39;Do not expect markets to rally in June, revival package for most affected sectors likely#39;

I do not see any reason for the markets to rally, I believe Nifty50 should be range bound between 9,000-10,000.

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

Sustainable rally in banking looks tough, but revival can be expected in near term: Gaurav Garg

The June series has started on a positive note but ongoing US-China diplomatic issues, ending of lockdown 4.0, and the India-China border tension may keep the market volatile, CapitalVia Global Research#39;s Gaurav Garg told Moneycontrol.

from Moneycontrol Market Outlook https://ift.tt/36MvVfd

Institutes can pass final-year college students on aggregate marks, says Maharashtra CM Uddhav Thackeray

Maharashtra will be among the first states in India enabling final year students to complete their course without giving examinations.

from Moneycontrol Business News https://ift.tt/2XF1weE

Emirates sacks 180 pilots in a bid to save cost, more layoffs likely

Reports had earlier said that Dubai-based airline plans to cut 30,000 jobs

from Moneycontrol Business News https://ift.tt/36LCBKI

COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.

from Moneycontrol Business News https://ift.tt/3eBU0br

Citigroup CFO Mark Mason joins efforts to seek justice to George Floyd; here#39;s the full text from his blog

The death of George Floyd, a black man from Minneapolis who died after being pinned by the neck under a white police officer#39;s knee, has sparked riots across major the United States.

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

What is a sero-survey and will it help in the fight against COVID-19?

ICMR had earlier claimed that the test kit has an impressive 100 percent specificity and 98 percent sensitivity.

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

China#39;s May factory activity cools as weak demand curbs output

China#39;s factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened

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

May Preview: PV, CV, two-wheeler sales may see significant fall, but tractors may do better

Retail sales in 2Ws, PVs and CVs are also expected to see massive fall on year-on-year basis, but tractor sales could be better than others, brokerages feel.

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

Read the full text of Jeff Weiner’s parting note on his last day as LinkedIn CEO

Weiner also shared a video of his team members performing "Sweet Caroline".

from Moneycontrol Business News https://www.moneycontrol.com/news/business/readfull-textjeff-weiner’s-parting-notehis-last-day-as-linkedin-ceo_13840861.html

Reliance diverts Alok Industries into making PPE; cuts down cost to one-third

The company has redeployed Alok Industries#39; manufacturing facilities in Silvassa, Gujarat for exclusively manufacturing personal protective equipment

from Moneycontrol Business News https://ift.tt/2TViDb0

This week in Auto: Industry in urgent bailout need; companies bring down capex dramatically

Here are all the stories that made headlines during the week in the auto space

from Moneycontrol Business News https://ift.tt/3diV4Rp

COVID-19 impact: As AGMs go virtual, shareholders worry about management controls

Infosys and TCS to have their AGM June 27 and June 11 respectively, others like Wipro and HCL are expected to follow suit

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

DPIIT, revenue dept weigh options for more tax relaxations to startups: Official

Talking about the host of measures on which they are working, he said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme. It has provided over Rs 1,000 crore last year.

from Moneycontrol Business News https://ift.tt/2Xf9MmD

Monuments run by Rajasthan govt to be open from June 1: Official

The monuments, except for the ones falling in containment zones and curfew areas, will be opened four days a week (Tuesday, Thursday, Saturday and Sunday) for the first two weeks with social distancing protocols to be properly followed, Director of the archaeology and museum department, Prakash Chandra Sharma, said.

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

Maruti Suzuki India extends warranty, service timelines till June end

The company has decided to offer free service, warranty and extended warranty to the customers till June end, whose validity is expiring in May, MSI said in a statement.

from Moneycontrol Business News https://ift.tt/2zAEr59

Chinese firm Sinovac 99% sure COVID-19 vaccine will work: Report

The company published results of the vaccine named CoronaVac in the academic journal Science last month that protected monkeys from infection by the coronavirus.

from Moneycontrol Business News https://ift.tt/2ZSxN4O

Delhi-Moscow Air India flight returns after pilot found COVID-19 positive

"When the A320 plane, which did not have any passengers as it was heading to Moscow to bring back stranded Indians under Vande Bharat Mission, had reached Uzbekistan#39;s airspace, our team on ground realised that one of the pilots had tested COVID-positive," senior Air India officials said.

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

Coronavirus crisis | Why we can’t foresee the pandemic’s long-term effects

Episodes as far-reaching as this one are scarce, widely spaced in time, and so different in circumstances that statisticians cannot easily compare them systematically. The best we can do is examine some case studies

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-crisis-|-why-we-can’t-foreseepandemic’s-long-term-effects_13839781.html

Hyundai Motor India exports over 5,000 units in May

The company has reinforced its commitment to support the government#39;s #39;Make in India#39; vision with more than 5,000 export units for May, the automaker said in a statement.

from Moneycontrol Business News https://ift.tt/2XIPf95

India needs intelligent lockdown exit strategy: SBI report

India#39;s economic growth slipped to an 11-year low of 4.2 percent in 2019-20 and to 3.1 percent in January-March, the lowest in the last 40 quarters.

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

Keep these three things in mind as uncertainty looms large on D-Street

Treat this crisis as an opportunity to invest in fundamentally strong stocks at lower valuations. I have seen markets handsomely rewarding those with patience and foresight to stay invested in trying times.

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

Modi 2.0: Five stocks more than doubled while 20 rose over 50% in first year of Modi#39;s second stint

There are 20 stocks that rallied more than 50 percent since May 30, 2019 in the SP BSE 500 index that include names like Dhanuka Agritech, Granules India, AstraZeneca Pharma, etc. among others.

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

#39;See Brent crude at $50 a barrel in 2021 only if there#39;s no mass second wave of COVID-19#39;

The OPEC alliance is now considering extending output cut levels of 9.7 million bpd for May and June into July and beyond, expanding the cuts from the planned 7.7 million bpd set for July to December.

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

Coronavirus pandemic | Axis Securities rolls out 2/3/5-days work-from-home model

"Depending on the intensity or the necessity, we have categorised people on the 2D/3D/5D model. We have also taken some filters like if the person has old age people at home or small children he/she is not called to office. We have worked on all the combinations and we are ready on that," Axis Securities MD and CEO B Gopkumar said.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-axis-securities-rolls-out-235-days-work-from-home-model_13839621.html

Fed#39;s Jerome Powell fears second coronavirus wave, reiterates crisis-fighting pledge

The Fed has gone all out to steady financial markets since March, lowering borrowing costs and creating credit backstops for companies and local governments reeling from the economic fallout of lockdowns to stop the spread of the novel coronavirus.

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

GoAir revises pay of senior pilots, some may see a salary cut of 65 percent

Much of the salary now depends on the flying hours

from Moneycontrol Business News https://ift.tt/2TS0gUK

SEBI extends power of attorney norms implementation date to Aug 1

Besides, title transfer of securities to the client collateral demat account of the TM/ CM for margin purposes will not be permitted.

from Moneycontrol Business News https://ift.tt/36PoqUX

‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’

Now a decisive break of the range of 9,900-10,000 still looks difficult and another round of equity sell-off cannot be ruled out unless we surpass this range.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/‘gdp-numberslargely-discounted-by-d-st-nifty-could-makeattempt-to-touch-10k’_13839141.html

Online exams are welcome, but what about students without laptops, internet access?

While institutes have begun conducting examinations online amidst the Coronavirus-led lockdown, not all students have access to high-end internet connection or personal devices like computers, laptops or even smartphones.

from Moneycontrol Business News https://ift.tt/3ew1nkx

Small mid-caps underperform Nifty, but over 100 stocks rose 10-30% in a week

The Nifty50 registered a bullish candle on a weekly basis tracking positive global cues. Sectorally, all major indices ended the week in the green lead by financials, metal, and auto.

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

India unlikely to see #39;revenge shopping#39; when lockdown opens: Atul Bhole

Some of the agrochemical/ fertiliser companies may come out less impacted as they were categorised as essentials and the rural areas were also less impacted due to lock-down.

from Moneycontrol Market Outlook https://ift.tt/3dt1gq9

COVID-19 uncertainty: How business leaders can manage risk

Coronavirus has added to the already existing substantial political, economic and social risks. Thus, overhauling of RMS is the need of the hour.

from Moneycontrol Business News https://ift.tt/2TVpu4y

COVID-19 impact | Banks fear major spike in NPAs from cab aggregator loans

With no visibility of revival and change in consumer behaviour with respect to shared transport modes, cab aggregators fear prolonged difficulties ahead.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-impact-|-banks-fear-major-spikenpascab-aggregator-loans_13838861.html

Recovery fund to reverse euro's fortunes: BofA

The news triggered a rally in the euro, in European equities and in southern European bonds.

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

Decision to open shops in malls soon after taking into account health ministry#39;s guidelines

Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.

from Moneycontrol Business News https://ift.tt/3caCZU5

SpiceJet#39;s cargo arm receives DGCA approval for drone trials

Post trials and approvals, the airline plans to use drones in delivery of essential supplies to remote areas, the company said in a release.

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

Coronavirus India LIVE News updates | COVID-19 tally rises to 17,386 in Delhi with 1,106 new cases, 398 die

Total confirmed cases of Coronavirus in India have risen to 1,65,799. Follow this blog to track live updates.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-india-live-news-updates-|-covid-19-tally-rises-to-17386delhi1106-new-cases-398-die_13833341.html