Bajaj Auto sees 10% increase in sales YoY in September, registers highest ever exports

Bajaj Auto exported 212,575 total units - largely driven by jump in exports of two-wheelers.

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Check interest rates of PPF, NSC other small savings schemes for Q3FY21

This was notified by the Finance Ministry on September 30

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Shriram Transport is a stock for the risk taker now

We could see a sharp trading rally in Shriram Transport if the health scare abates or the risk on trade makes a comeback. So, this is a stock for the risk taker and best avoided by a conservative investor

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What to buy in October? ICICIDirect picks over 20 bargain bets across 8 sectors

If investors are looking to invest in October, ICICIdirect handpicks over 20 stocks across 8 sectors that include names like Lupin, Natco Pharma, Abbott, HUL, CEAT, BEL, Bandhan Bank, and Rallis India etc. among others.

from Moneycontrol Market Outlook https://ift.tt/2G5lWJj

Trade Spotlight: Apollo Hospitals, Welspun Corp Advanced Enzyme in focus

Stocks like Apollo Hospitals hit a fresh 52-week high, Welspun Corp was locked at upper circuit and Advanced Enzyme rose nearly 13 percent.

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Exclusive: No single pension regulator; retirement, annuity plans will remain under IRDAI purview: Finance Ministry

In 2015, PFRDA had sought permission from the government to be the sole regulator for all pension products, including those sold by insurers. With this decision, pension products across the financial sector will continue to be overseen by various regulators

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Maharashtra Unlock 5.0 guidelines: What is allowed and what is not

Aiming to ease the flow of activities, the state government allowed hotels, food courts, restaurants and bars to operate from October 5 onwards, but only with 50 percent of their capacities

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DAILY VOICE | US elections, rising COVID cases and valuations to drive markets: Naveen Kulkarni of Axis Securities

October will be an interesting month marked by market volatility on account of upcoming US Presidential elections, earnings especially for the BFSI sector, and local political events like the Bihar elections.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-us-elections-rising-covid-casesvaluations-to-drive-markets-naveen-kulkarniaxis-securities_14325241.html

Oil holds steady on hopes for US stimulus agreement

But demand worries remain. Concerns are growing in New York, where COVID-19 infection rates continued to climb

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Wall Street surges on rekindled stimulus optimism

All three major indexes moved sharply higher after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both expressed hope for a breakthrough in partisan stimulus negotiations

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Asian shares set for bouncy session after Wall Street gains, weak dollar

Global investors spent the session digesting the rising number of COVID-19 cases and a chaotic U.S. presidential debate, while taking in better-than-expected U.S. private jobs data on the last day of a volatile quarter

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ETMarkets Morning Podcast: Market-moving news and stocks

Tune in! What's buzzing on Dalal Street this morning?

from Economic Times https://ift.tt/3n8fbXC

Lottery Sambad Result on October 1: #39;Dear Bangabhumi Bhagirathi#39; lottery winners to be announced at 4 pm

Lottery Sambad Result: The winner of the #39;Dear Bangabhumi Bhagirathi#39; lottery will take home Rs 50 lakh.

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Television prices set to rise as customs duty on open-cell panels is back to 5%

A one-year exemption on customs duty was given to TV makers by the CBIC for importing open-cell panels for manufacturing television sets.

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Amway India expects online delivery to double to 6 lakh per month by fiscal-end

Direct seller witnesses increase in online sales from 33.6 percent in February 2020 to over 70 percent in September 2020. Before lockdown in March, the company had executed 1 lakh deliveries, accounting for 40 percent of total sales count.

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Startups: Get, set...go IPO? Not so soon

After the government#39;s announcement to relax listing norms this month, it was encouraging to see several startup founders in India come out and speak to the press about their plans to go public.

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Stakeholders advised RBI against allowing foreign control of NPCI-like entity: Report

The RBI#39;s proposed umbrella entity for retail payments is "expected to interact and be interoperable, to the extent possible, with the systems operated by NPCI".

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Honda to launch CB350 Royal Enfield challenger in October at around Rs 1.9 lakh

Bookings for the CB350 have opened from today. Customers can book the vehicle for Rs 5,000.

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US Air Force F-35B fighter jet crashes after collision with aerial refueling tanker

The pilot of the F-35B jet ejected and was being treated, while the crew of the KC-130J refueling aircraft had landed safely, the 3rd Marine Aircraft Wing said. The crash occurred over Imperial County, California, ABC News reported.

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#39;Expect more IPOs if market conditions remain favourable; these 3 sectors better for investment#39;

The government has also stepped up its PSU strategic disinvestment drive, which had been announced last year to help deal with the sharp fall in revenue collections (as a result of the slowdown).

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BMW registers non-profit company for corporate citizenship projects in India

"The foundation will go beyond the current programs to generate greater awareness and promote the causes through various partnerships and associations,” BMW Group India said in a statement.

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Mandarin Oriental Hotel Group and Oberoi Group announce strategic alliance

The collaboration will include joint efforts across on innovation, sustainability, and colleague learning and development

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$215 million in BP oil spill money to restore Louisiana marshes

The money is from BP’s $8.8 billion settlement for natural resources damage caused by the blowout that killed 11 men and spewed more than 100 million gallons (380 million liters) of oil into the Gulf of Mexico in 2010, leaving long-lasting effects.

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Twitter says Dataminr monitoring service does not violate surveillance ban

Dataminr is a social media-monitoring service that uses artificial intelligence to comb platforms such as Twitter for user-determined keywords.

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SJVN bags 100 MW solar project in Gujarat

SJVN said the tentative cost of construction/development of this project is Rs 490 crore.

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Maldives thanks India for $250 million support amid COVID-19 pandemic

The financial assistance was announced first during a virtual meeting with External Affairs Minister S Jaishankar and provided through a Treasury Bond sale to the State Bank of India (SBI), Male which has a tenure of 10 years for repayment, the statement said.

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Coronavirus Mumbai update | Maharashtra considers opening local trains for private sector employees, but conditions apply

Maharashtra allows for 30 percent strength in private offices, but employees faced difficulties due to limited options and expensive travel

from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-mumbai-update-|-maharashtra-considers-opening-local-trains-for-private-sector-employeesconditions-apply_14321881.html

Uber considering acquisition of Daimler-BMW’s Free Now ride service: Report

Uber expressed interest after Free Now invited additional investors to tide over impact from the COVID-19 pandemic, but it is also likely that other bidders may come forward

from Moneycontrol Business News https://www.moneycontrol.com/news/business/uber-considering-acquisitiondaimler-bmw’s-free-now-ride-service-report_14321821.html

Of all the EV startups, why is Ather Energy#39;s valuation down?

Fresh round of fund-raisings by startup automobile companies, backed by big brands, indicate a surge in their valuations though profitability remains a distant possibility. Here’s a look at such companies.

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Not just money: Here’s what employment exchanges and career centres in India need

Remodelling employment exchanges and MCCs to make them more IT ready and interlinking them with vacancies across the country could be the way forward. Millions of Indians had already been rendered jobless by the economic slowdown when the Covid pandemic broke, exacerbating the situation

from Moneycontrol Business News https://www.moneycontrol.com/news/business/not-just-money-here’semployment-exchangescareer-centresindia-need_14321601.html

General Atlantic-Reliance Retail deal | All you need to know about the PE firm

General Atlantic has approximately $34 billion in assets under management as of March 31, 2020

from Moneycontrol Business News https://www.moneycontrol.com/news/business/general-atlantic-reliance-retail-deal-|-all-you-need-to-know-aboutpe-firm_14321401.html

Brookfield Asset Management files documents with SEBI for India’s third REIT IPO; looking to raise Rs 4,000-4,500 crore

The plan is to launch the IPO by end 2020 or early 2021. It will be a combination of fresh issue and offer for sale

from Moneycontrol Business News https://www.moneycontrol.com/news/business/brookfield-asset-management-files-documentssebi-for-india’s-third-reit-ipo-looking-to-raise-rs-4000-4500-crore_14321361.html

Trade Spotlight: InfoEdge, Hero MotoCorp Balkrishna Industries in focus

Stocks like Info Edge, Hero MotoCorp, and Balkrishna Industries hit a 52-week high in a volatile session on Tuesday.

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DAILY VOICE | Quality companies with low debt will shine in medium term: R Venkataraman of IIFL Securities

Companies like Ashok Leyland, Kaveri Seeds, Deepak Nitrite, Sudarshan Chemical, etc. have strong fundamentals could benefit disproportionately if the MFs were to reallocate funds to mid and small-caps.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-quality-companieslow-debt-will-shinemedium-term-r-venkataramaniifl-securities_14320901.html

Brookfield Asset Management files documents with SEBI for India’s third REIT IPO; looking to raise between Rs 4,000-4,500 crore

The plan is to launch the IPO by end 2020 or early 2021. It will be a combination of fresh issue and offer for sale

from Moneycontrol Business News https://www.moneycontrol.com/news/business/brookfield-asset-management-files-documentssebi-for-india’s-third-reit-ipo-looking-to-raise-between-rs-4000-4500-crore_14321361.html

DoT to oppose Aircel, RCom spectrum sale unless AGR dues paid: Report

The Supreme Court on September 25 allowed the NCLAT to decide on the issue of spectrum sale in the case of Aircel.

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Rosneft, Saudi Aramco unlikely to bid for BPCL stake: Sources

Russia#39;s Rosneft had expressed an interest in buying the federal government#39;s 53.29% stake in Bharat Petroleum (BPCL) when its chief executive Igor Sechin visited New Delhi in February, while India#39;s trade minister has said that Saudi oil giant Aramco was enthusiastic about the stake sale.

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Exclusive: PharmEasy changes internal legal structure, consolidates units for better valuation

The change in legal structure means that API Holdings will also own Ascent Health and Wellness Solutions Pvt.Ltd - a separate pharma supply chain and credit platform, which also acts as a business-to-business (B2B) distribution entity for PharmEasy.

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This Indian startup is helping the army keep the borders safe from Chinese incursions

Tonbo Imaging, based in Bengaluru, develops surveillance systems to help soldiers defend against enemy incursions and airforce carry out covert reconnaissance missions.

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Hindustan Zinc raises Rs 3,520 crore via NCDs

"The issuer today…approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis (’Issue’) by Hindustan Zinc,” the company said in a filing to BSE.

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Japanese phone giant Nippon Telegraph Telephone plans to take over, delist Docomo

NTT’s reported plan dovetails with newly installed Prime Minister Yoshihide Suga’s push for lower telecoms rates.

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Punjab National Bank introduces special debit card benefits for customers

Under the #39;addon card#39; facility, three debit cards can be taken on one bank account, according to PNB. This facility is introduced keeping in mind the convenience of bank#39;s customers. Simultaneously, under the addon facility, three accounts can be linked to one debit card.

from Moneycontrol Business News https://ift.tt/2GnQ16n

Punjab National Bank introduces special debit card benefits for customers

Under the #39;addon card#39; facility, three debit cards can be taken on one bank account, according to PNB. This facility is introduced keeping in mind the convenience of bank#39;s customers. Simultaneously, under the addon facility, three accounts can be linked to one debit card.

from Moneycontrol Business News https://ift.tt/2GnQ16n

Sugar mills can submit ethanol proposals in new window till October 15: Govt

As part of an incentive scheme announced in June 2018, the Centre had approved soft loans for mills to set up new distilleries or upgrade existing ones, expand capacity, and encourage them to divert sugarcane to ethanol making.

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Female workforce participation increased to 37% in July end from 30% in April, shows LinkedIn data

The LinkedIn report suggested the hiring of women in many developed countries followed a U-shaped trajectory in 2020, dipping in April before recovering in June and July. However, India bucked the trend.

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Malaysia#39;s AirAsia looks to lay off staff: Report

Affected staff will be informed within 72 hours, and AirAsia Malaysia will provide them assistance such as medical benefits and flight coupon redemptions year-end.

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RBI may select CEO for Lakshmi Vilas Bank from bank’s provided candidate list: Report

CEO S Sunder, at present holds interim charge and was suggested to fill the post fully – a decision that was rejected by shareholders through vote at the AGM last week.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/rbi-may-select-ceo-for-lakshmi-vilas-bankbank’s-provided-candidate-list-report_14318161.html

GE TD gets shareholders#39; nod to double borrowing limit to Rs 1,000 crore

As per the notice for the company#39;s 64th AGM held on Monday, a special resolution was proposed to borrow up to Rs 1,000 crore over and above the aggregate of the paid-up share capital, securities premium and free reserves of the company.

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Bajaj Auto can#39;t engage with Harley-Davidson due to tie-up with KTM: Rajiv Bajaj

Rajiv Bajaj, MD of Bajaj Auto, said COVID-induced lockdown and restrictions have hurt suppliers in Tier 1 and Tier 2 cities.

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Maruti Suzuki shortlists 5 new startups under its MAIL programme

The five new startups chosen in Cohort 3 are Clean Slate, Peer Robotics, Vicara, Hyper Reality, and URJA. With the addition of these five startups, Maruti Suzuki is now engaged with 14 startups under the MAIL programme in the last 18 months, the company said in a statement.

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Jet Airways insolvency: A day after lenders allow FSTC consortium to revise bid, #39;disappointed#39; Kalrock-Jalan hints at exiting the race

The consortium has shot off a letter to the CoC, alleging that FSTC#39;s revision is a #39;total disregard to the timelines#39;

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Unlock 5.0 restaurant reopening: Here#39;s what Mumbai can learn from Delhi

Unlock 5.0 restaurant reopening: Allowing open-air dining, 50 percent seating and physical distancing could be some of Delhi#39;s measures Mumbai could adopt.

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