Stock in broader markets, after two years of underperformance, are now trading at attractive levels and have come on top of the buy lists of many investors and tradersfrom Moneycontrol Market Outlook https://ift.tt/2QImMx6
Monday, August 31, 2020
Small midcaps wipe out losses as over 30 stocks turn multibaggers in 2020
Stock in broader markets, after two years of underperformance, are now trading at attractive levels and have come on top of the buy lists of many investors and tradersfrom Moneycontrol Market Outlook https://ift.tt/2QImMx6
Premium bottled water firms turn to retail market as limited operations in aviation, hospitality sectors dent sales
Aava Natural Mineral Water sees volumes double after tie-up with Amazon. Customer preference for bottled water during COVID-19 helps firms. In fact, Hindustan Liquids, which sells the Perrier brand, says most companies now highly dependent on e-commerce platforms.from Moneycontrol Business News https://ift.tt/34SKfEm
Escorts Agri Machinery reports 80% jump in August sales
Escorts Agri Machinery said the market sentiment continues to be highly positive with good monsoons, better Kharif sowing, crop prices holding up well, and good supply of retail finance.from Moneycontrol Business News https://ift.tt/2GgMWVT
RIL says Brookfield Infrastructure’s Rs 25,215 investment in Tower Infrastructure Trust has been completed
This is the single largest foreign investment in an Indian infrastructure vehiclefrom Moneycontrol Business News https://www.moneycontrol.com/news/business/ril-says-brookfield-infrastructure’s-rs-25215-investmenttower-infrastructure-trust-has-been-completed_14234581.html
Bharat Forge moving towards ‘lights-out mode’ for unhindered production
Pune-based firm experiments with ‘lights-0ut manufacturing’ for unhindered production during COVID-19. In this process, facilities are fully automated and human hands do not touch the product during manufacturing. CMD says COVID-19 will see more firms following suit.from Moneycontrol Business News https://www.moneycontrol.com/news/business/bharat-forge-moving-towards-‘lights-out-mode’-for-unhindered-production_14234521.html
Failure to cut GST now will be counter-productive for the two-wheeler industry: Honda
The industry was hoping the GST Council’s August 27 meeting would announce a cut after Finance Minister Nirmala Sitharaman’s statement on August 25 that such a move was merited. However, the Council did not lower the rate and two-wheeler makers now fear buyers may postpone purchases till a GST cut is announcedfrom Moneycontrol Business News https://ift.tt/2YTX8dh
Thomson forays into fully-automatic washing machine segment in India
The company, which has reached exclusive partnership agreement with leading e-commerce major Flipkart, is aiming to have 15 per cent market share in online washing machine segment in the next three years, Thomson#39;s India brand licensee Super Plastronics said in a statement.from Moneycontrol Business News https://ift.tt/32HI7fV
Trade Spotlight: ICICI Bank, Sun Pharma, and Future Retail in focus
ICICI Bank fell more than 3 percent, Sun Pharma plunged more than 6 percent, and Future Retail was up 20 percent.from Moneycontrol Market Outlook https://ift.tt/34PjTmz
Bharti Infratel to proceed with Indus Tower merger, Vodafone to get Rs 4,000 crore for 11.15% holding
This is a basis cash consideration chosen by Vodafone Idea for its 11.15 percent shareholding in Indus, the company saidfrom Moneycontrol Business News https://ift.tt/32HVP2f
AGR Case LIVE Updates | Supreme Court verdict on telcos pleas expected at 11.30 am
AGR Case LIVE Updates | A Supreme Court bench led by Justice Arun Mishra will deliver the judgement on the repayment of adjusted gross revenue (AGR) dues by telecom companies.from Moneycontrol Business News https://www.moneycontrol.com/news/business/agr-case-live-updates-|-supreme-court-verdicttelcos-pleas-expected-at-1130-am_14233801.html
EU lending institution to invest 650 million euros in Kanpur metro rail construction
The EIB, in a statement, said the new metro rail system will reduce commuting hours and unlock new employment and education opportunities in Kanpur, the industrial capital of Uttar Pradesh.from Moneycontrol Business News https://ift.tt/2ETaKOG
Staying afloat: A pandemic financial guide for Millennials
Here are some tips to help you manage your financesfrom Moneycontrol Business News https://ift.tt/2YMn0rG
Mumbai International airport under his belt, Gautam Adani set to duel with GMR for top operator slot
With the latest deal, Adani is closing in on GMR and for now, the entrepreneur from Ahmedabad is the favorite to win the race.from Moneycontrol Business News https://ift.tt/3hL55sz
Huawei quits oldest sports sponsorship deal after 9 years
Australia has barred the world#39;s largest maker of switching gear and a major smartphone brand from involvement in crucial national communication infrastructure in recent years, while China has ratcheted up pressure for an Australian policy reversal.from Moneycontrol Business News https://ift.tt/31Gph9p
Nestle to buy Aimmune Therapeutics, valuing allergy treatment maker at $2.6 billion
The offer values the California-based biopharmaceutical company at $2.6 billion, including the $473 million that Nestle had already invested in Aimmune, Nestle said in a statement.from Moneycontrol Business News https://ift.tt/2QEFiGF
Honda continues search for a bike to challenge Royal Enfield domination
The Japanese company does not have a single product in its global portfolio that can match Royal Enfield#39;s niche range. Honda is looking to change that now as it seeks to revitalise its motorcycle businessfrom Moneycontrol Business News https://ift.tt/34McnZF
Centre keen to fill key posts in RBI, SBI and TRAI amid economic crisis
having these top positions filled would ensure that benefits of financial regulation and the bankruptcy framework is passed to borrowers,from Moneycontrol Business News https://ift.tt/3bblyUq
Cyient to acquire Australian consulting firm IG Partners
The rationale for the acquisition is gaining access to decision makers with global mining majors, acceleration in Cyient#39;s mining strategy and positioning Cyient as a digital transformation leader in the market, a company statement said.from Moneycontrol Business News https://ift.tt/2YJwdRt
Sunday, August 30, 2020
Bikayi has raised $2 million from a clutch of international investors
The startup helps small merchants set up stores online and provides tools for ecommerce on WhatsAppfrom Moneycontrol Business News https://ift.tt/2YQXrWa
EXCLUSIVE: IRDAI to permit video-based KYC system for insurance companies
Industry insiders believe a fully digitised insurance selling process will increase direct sales of insurance products. Both life and general insurance companies can implement system. Average cost of KYC process to come down significantly.from Moneycontrol Business News https://ift.tt/34LEBUb
Sovereign gold bonds open for subscription today; all you need to know
On a year-to-date basis, the prices of the yellow metal have surged over 27 percent.from Moneycontrol Business News https://ift.tt/2ELwmga
Upgrad expects over 8-fold growth in revenue to Rs 10,000 crore by 2025
The company expects to grow by 300 percent in the current fiscal driven by demand created for online education due to the COVID-19 pandemic, Upgrad co-founder and chairman Ronnie Screwvala told PTI.from Moneycontrol Business News https://ift.tt/2QFuJmQ
Top 10 short-term buy sell ideas for September series that could give 4-16% return
Experts advise investors to book profits if they are already holding long positionsfrom Moneycontrol Market Outlook https://ift.tt/3ly1b8V
AC Muthiah a #39;wilful defaulter#39; says IDBI Bank
In a public note, the bank said First Leasing Company of India, promoted by the Muthiah and Farouk Irani, is in default of over Rs 508 crore as on August 27.from Moneycontrol Business News https://ift.tt/3baoP6B
Govt plans national toy fair, toy labs to promote domestic manufacturing: Report
In his latest #39;Mann Ki Baat#39; radio address, Prime Minister Narendra Modi said India has the "talent and ability" to become a toy-manufacturing hub.from Moneycontrol Business News https://ift.tt/3jrw9xB
India GDP Data LIVE Updates | GDP Q1 data expected at 5.30 pm today
India GDP Data Live Updates: Q1 GDP figures would put in perspective what impact the set of measures announced by the government to rebuild the economy in light of the economic slowdown and COVID-19 pandemicfrom Moneycontrol Business News https://www.moneycontrol.com/news/business/india-gdp-data-live-updates-|-gdp-q1-data-expected-at-530-pm-today_14229361.html
DAILY VOICE | Risk-reward may not be favourable right now, investors should be cautious: Amit Jain of Ashika Wealth Advisors
Global diversification is the theme nowadays, as almost all ultra HNI investors are looking to have a pandemic-proof portfolio with the right proportional mix across major stock markets of the world.from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-risk-reward-may-not-be-favourable-right-now-investors-should-be-cautious-amit-jainashika-wealth-advisors_14229341.html
India GDP Data LIVE Updates | GDP Q1 data expected today
India GDP Data Live Updates: Q1 GDP figures would put in perspective what impact the set of measures announced by the government to rebuild the economy in light of the economic slowdown and COVID-19 pandemicfrom Moneycontrol Business News https://www.moneycontrol.com/news/business/india-gdp-data-live-updates-|-gdp-q1-data-expected-today_14229361.html
MC Insider: The infra baron who wants it all, IPO whispers, deal alert, stock manoeuvres and more
Hush-hush tales from the world of stock markets, banking, corporate world and corridors of powerfrom Moneycontrol Business News https://ift.tt/3hJcysl
Pharma sector needs global collaboration: Industry leaders, govt officials
Ahead of the 14th edition of the annual BioPharma and Healthcare Summit, that bring stakeholders from India and the United States on one platform, officials and industry leaders said the global health crisis requires a global solution, which can be achieved through global collaboration.from Moneycontrol Business News https://ift.tt/3hDDMAx
Big Oil is in trouble. Its plan: flood Africa with plastic
Faced with plunging profits and a climate crisis that threatens fossil fuels, the industry is demanding a trade deal that weakens Kenya’s rules on plastics and on imports of American trash.from Moneycontrol Business News https://ift.tt/2DiETqw
Finished steel exports jump over two-fold in April-July, imports shrink 42%: JPC
During April-June, the country#39;s total exports of finished steel stood at 4.641 million tonnes (MT) as against 1.933 MT in the year ago period, the Joint Plant Committee (JPC) said.from Moneycontrol Business News https://ift.tt/3jnmAQa
Refund charges collected since January 1 on UPI, RuPay transactions: Tax department to banks
The Central Board of Direct Taxes (CBDT), in a circular on #39;imposition of charge on the prescribed electronic modes under section 269SU of I-T Act#39;, also advised banks not to impose any charges on any future transactions carried out through these modes.from Moneycontrol Business News https://ift.tt/34M3D5D
SBM Bank India wants to be an Amazon of banking
The state-owned Mauritian lender got the licence to operate full-banking services from the Reserve Bank in December 2018 and began operations the next year. Singaporean DBS Bank is the only other foreign bank to operate a fully-owned subsidiary here after operating on a branch model for long, while lenders from Oman and Korea are awaiting licences from the regulator.from Moneycontrol Business News https://ift.tt/3jrHZI4
Fiscal deficit to touch 7% in FY21, says Brickwork Ratings as tax collection hit by lockdown
On the other hand, there is a sharp increase in expenditure (by 13.1 percent) due to additional spending incurred to save lives and livelihoods and to provide stimulus under the #39;Aatmanirbhar Bharat#39; programme.from Moneycontrol Business News https://ift.tt/32IkiVj
COVID-19 impact: Uniform, stationery stores struggle to survive as schools remain shut
As uniform and stationery stores hope for schools to restart soon to boost their sales, most are looking to diversify or operate in online mode to survivefrom Moneycontrol Business News https://ift.tt/31Jak6N
World’s most expensive sheep Double Diamond sells for Rs 3.5 crore
The six-month-old lamb named Double Diamond is native to Texel in the Netherlands. This breed is known for its lean meat and good quality of wool that is used to make hosiery yarnsfrom Moneycontrol Business News https://www.moneycontrol.com/news/business/world’s-most-expensive-sheep-double-diamond-sells-for-rs-35-crore_14228761.html
FPIs invest Rs 47,334 crore in Indian capital markets in August so far
FPIs have turned their focus towards emerging markets like India also because these markets have been performing well and offer a good potential to generate better returns.from Moneycontrol Business News https://ift.tt/3b9COtn
Here are Warren Buffett#39;s top stocks and deals
Having bought his first stock in 1941 at the age of 11, Warren Buffett has grown his portfolio massively since thenfrom Moneycontrol Business News https://ift.tt/2YKlSo7
EY partner and former ICICI Securities senior executive Charanjit Attra likely to join SBI as new CFO
Former deputy managing director and CFO Prashant Kumar had earlier moved to YES Bank as part of the Reserve Bank of India’s rescue plan led by SBIfrom Moneycontrol Business News https://ift.tt/31IjYpW
Tech, Tesla stocks help women fund managers outperform male counterparts in 2020: Report
The woman-managed funds benefitted from their liking towards tech shares which are on an upswing since the outbreak of COVID-19, with the SP 500 IT index gaining 58 percent so far in 2020from Moneycontrol Business News https://ift.tt/2DbXGUe
GST council needs to work out mid-way solution for settling revenue shortfall issue: Sushil Modi
The Centre has given two options to the states to borrow either from a special window facilitated by the RBI or from market and has also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022.from Moneycontrol Business News https://ift.tt/3hIQiyK
Continuing with certain provisions of MMDR Act to cause loss to state exchequer: Govt
The ministry said it proposes to amend provisions related to grant of prospecting licence and mining leases, and allocate such mineral blocks through transparent method of auction.from Moneycontrol Business News https://ift.tt/2QDAmBY
CBDT asks banks to refund charges collected after Jan 1 on e-transactions
The move comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPIfrom Moneycontrol Business News https://ift.tt/2QFxVia
India to start bidding process by October to procure 6 submarines costing Rs 55,000 crore
The defence ministry has already shortlisted two Indian shipyards and five foreign defence majors for the project, being billed as one of biggest "Make in India" ventures.from Moneycontrol Business News https://ift.tt/2EPMxZC
India#39;s market size: A tool to be used to advantage
India#39;s large domestic market presents a unique advantage to the country in the post-COVID-19 world where multilateralism has taken a backseat, and beneficial bilateral ties are the order of the dayfrom Moneycontrol Business News https://ift.tt/2QQJpjf
COVID-19 Impact | Companies rethink leave policy as employees take fewer leaves during work-from-home
Provision of fixed leave quantum is mandated — per state government requirements — under the Shops and Establishment Act, 1961; while leave encashment is notfrom Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-impact-|-companies-rethink-leave-policy-as-employees-take-fewer-leaves-during-work-from-home_14228321.html
Why #39;agile#39; does not mean laying people off, and other myths
Bain Company’s Darrell Rigby and Sarah Elk discuss their book #39;Doing Agile Right#39;, and highlight common mistakes companies make when trying to understand the concept of being #39;agile#39;—and why that#39;s harmfulfrom Moneycontrol Business News https://ift.tt/3gCneHO
Meet the #39;Gabbar#39; of premium cookies
How Britannia#39;s Good Day has continued its thumping domination in the premium cookies segment over the past decadefrom Moneycontrol Business News https://ift.tt/32BFbkM
DAILY VOICE | Sun Pharma, Blue Dart and Relaxo buy ideas for coming week: Sacchitanand Uttekar
Since upside looks limited as of now it is ideal for investors to ramp up their exposures into defensives while post the sharp upward movement traders should avoid leverage, and focus on stock-specific longs.from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-sun-pharma-blue-dartrelaxo-buy-ideas-for-coming-week-sacchitanand-uttekar_14227621.html
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Huawei faces international scrutiny over its ties with the Chinese government and suspicion that Beijing could use Huawei#39;s technology f...
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The EUA will facilitate broader use of remdesivir to treat hospitalized patients with severe COVID-19 disease, enabling access to remdesivi...
