Borosil announces COVID-19 relief for employees, their families

In the event of an employee losing life due to COVID-19, Borosil will take care of the education of his/her children till their graduation.

from Moneycontrol Business News https://ift.tt/3aU8x2S

DAILY VOICE | Seeing an elevated level of activity from retail investors; we are optimistic on equities with long-term horizon: Vinay Paharia of Union AMC

While we refrain from taking a short-term call on the market, we are optimistic about investing into Indian equities with a medium to long term time horizon.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-seeingelevated-levelactivityretail-investors-weoptimisticequitieslong-term-horizon-vinay-pahariaunion-amc_15051061.html

Barclays disperses $1.4 million of COVID medical supplies in India

"We are very focused on India right now, which is our second biggest employee location," Chief Executive Jes Staley told reporters after the bank#39;s first quarter results.

from Moneycontrol Business News https://ift.tt/3e3gHI4

HC directs authorities to take steps to release oxygen concentrators seized from black market

Senior advocate Sacchin Puri informed the bench about news reports that 170 oxygen concentrators have been seized by the Delhi Police from the black market and urged the court to pass direction for their release so that they could be used by patients.

from Economic Times https://ift.tt/2Ra6S2f

Adani Vidya Mandir school in Ahmedabad to be converted into COVID-19 Care Centre, says Gautam Adani

The centre will have oxygen support and other medical amenities

from Moneycontrol Business News https://ift.tt/3vze3zB

South Asia Union | Isla Glaister: Support emerging leaders, connect changemakers to build peace in Asia

Peacebuilder and CEO of UK nonprofit The Business Plan for Peace, Isla Glaister offers solutions for peace in South Asia using lessons learnt from her experiences in Myanmar.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/south-asia-union-|-isla-glaister-support-emerging-leaders-connect-changemakers-to-build-peaceasia_15048581.html

Interview | We could possibly see earnings downgrades after Q1FY22 results: Rusmik Oza of Kotak Securities

Indian markets may not be out of the woods yet as we could be still 30-45 days away from seeing the peak of COVID cases.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/interview-|-we-could-possibly-see-earnings-downgrades-after-q1fy22-results-rusmik-ozakotak-securities_15048421.html

FOMO is keeping markets volatile, use dips to add quality stocks in May series: Mohit Nigam of Hem Securities

For the NIfty, supports for the May series are placed at 14,200 13,500. If the Nifty breaches and closes above 15,000, it may touch an all-time high very soon, says Nigam.

from Moneycontrol Market Outlook https://ift.tt/3u86YWq

Cooling products see high demand due to pre-buying ahead of potential price hike

After the strong pre-buying in March, dealers are expecting the sales to moderate. Rising COVID-19 cases could further curtain the sentiments with consumers preferring to save more and opting for need-based purchases.

from Moneycontrol Business News https://ift.tt/3u89njU

COVID impact on May series! Traders should refrain from carrying long positions

We witnessed a good amount of long rollovers seen in Dr. Lal Path Lab, Navin Fluorine, Pfizer, Cadila Healthcare, Bajaj Finserv, SRF, National Aluminium, Glenmark, Tata Steel, Deepak Nitrate, Hindalco, Aarti Inds, etc., says Purohit.

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

Weekly Tactical Pick – HCL Tech

Technology tailwinds to help the HCL Tech gain market share

from Moneycontrol Business News https://www.moneycontrol.com/news/business/weekly-tactical-pick-–-hcl-tech_15048341.html

Hamara Rahul Bajaj: As he rides into the sunset, the man who gave us Chetak, Priya, Kawasaki and the ubiquitous auto, leaves behind a rich legacy

Credited with making brand Bajaj a household name through the launch of blockbuster models such as the Chetak and Priya in the 1970s, Rahul Bajaj successfully steered the company through The Emergency, License Raj and Economic Liberalisation that began in the 1990s to maintain its position as one of India’s top two and three-wheeler makers

from Moneycontrol Business News https://ift.tt/338bng9

Ford Motor to donate 50 lakh surgical masks, 1 lakh N95 masks to help fight COVID-19 in India

The company further said Ford Fund is also donating USD 200,000 (around Rs 1.5 crore) to support organisations providing essential COVID-19 relief in India and Brazil.

from Moneycontrol Business News https://ift.tt/3e5bGi9

Explainer: No ransomware silver bullet; task force recommends concerted diplomatic, legal and law enforcement

A public-private task force including Microsoft, Amazon, US National Governors Association, the FBI, Secret Service and Britain and Canada#39;s elite crime agencies on April 29 delivered to the White House an 81-page urgent action plan for an aggressive whole-of-government assault on ransomware.

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

Your wait for Maruti Suzuki car just got a bit longer

Nine-day production shutdown is set to hit delivery schedules; diversion of industrial oxygen by the plant for medical needs is partial trigger for closure

from Moneycontrol Business News https://ift.tt/3aQEl8y

Wipro revises revenue guidance for Q1 FY22 to $2,324-2,367 million

Wipro has also revised its growth guidance seen at 8-10 percent from the earlier 2-4 percent, the report added.

from Moneycontrol Business News https://ift.tt/330So7p

Top 13 things to know before the market opens

SGX Nifty indicating a negative start for the index in India.

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

Online fraud: SBI, ICICI Bank, Punjab National Bank caution customers

These days cyber criminals are using emails, QR code scanners and fake customer care callers as these are some major phishing tools and has advised customers to remain away from such things.

from Moneycontrol Business News https://ift.tt/3u1xi4C

Trade Spotlight: What should investors do with JSW Steel, SAIL Tata Steel?

Stocks that were in focus include JSW Steel which closed with gains of nearly 10 percent, SAIL that rose over 8 percent, and Tata Steel which touched a fresh 52-week high on Thursday.

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

Top 12 things to know before the market opens

SGX Nifty indicating a negative start for the index in India.

from Moneycontrol Market Outlook https://ift.tt/3xChY0E

DAILY VOICE | Use sharp fall in BFSI stocks to accumulate: Naveen Kulkarni of Axis Securities

Mid and small-caps have started outperforming and we can expect this trend to continue. So, buying growth at a reasonable price that combines both growth and value themes will perform very well in FY22, said Kulkarni.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-use-sharp-fallbfsi-stocks-to-accumulate-naveen-kulkarniaxis-securities_15047441.html

Hot Stocks: JK Paper, Axis Bank and Aegis Logistics top stocks to buy for May series

Looking at the benchmark index, Nifty, we can expect it to move in a broader range of 14,500-15,000, said Karan Pai of GEPL Capital

from Moneycontrol Market Outlook https://ift.tt/3vwe6MC

Cognizant to contribute $1.5 million towards fight against COVID-19 in India

Cognizant, which has about two lakh employees in India, is also providing an additional USD 2 million (about Rs 15 crore) in emergency funding to UNICEF in India to help address acute shortages in oxygen and deploying medical and testing supplies.

from Moneycontrol Business News https://ift.tt/3nxkoJ6

Veterans Unpacked | Gurcharan Das: #39;Make a life, not just a living#39;

#39;Have a purpose in life, and whether in Covid or normal times, retired or working, you’ll know what to do after breakfast each morning.#39;

from Moneycontrol Business News https://www.moneycontrol.com/news/business/veterans-unpacked-|-gurcharan-das-39makelife-not-justliving39_15047721.html

Stocks in news: RIL, YES Bank, Titan, IndusInd Bank, DRL and Ambuja Cements

DRL said it has launched generic Albendazole tablets, used in the treatment of a variety of parasitic worm infestations, in the US market.

from Economic Times https://ift.tt/3e4qiye

Ageas Federal Life FY21 profit dips 20% to Rs 119 crore, total premium up 6%

The insurer, in a statement, said the growth was driven by a 24 percent YoY rise in individual new business premium to Rs 504 crore and a 4 percent YoY rise in renewal premium to Rs 1,327 crore.

from Moneycontrol Business News https://ift.tt/32VSYDv

Salesforce CEO Marc Benioff to send medical supplies to India

The CEO said that the company will be loading Boeing 787 with medical supplies and will land it in India next week. The 787 Dreamliner is Boeing#39;s most fuel-efficient plane.

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

Zomato IPO: Take a look at how much company#39;s top executives earned in FY2021

Food delivery platform Zomato is set to raise Rs 8,250 crore through an initial share sale. Take a look at the salaries of top employees in FY2021.

from Moneycontrol Business News https://ift.tt/3vkOEK6

SBI earmarks Rs 30 crore to set up makeshift hospitals for COVID patients

The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) and hospital management for setting up medical facilities on an emergency basis for the treatment of COVID-19 patients, SBI Chairman Dinesh Kumar Khara told PTI.

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

Natural gas futures slide nearly 1% to Rs 218.80 per mmBtu on warmer weather

The commodity has been trading higher than 5, 20, 50, 100 and 200 days#39; moving averages on the daily chart. The momentum indicator Relative Strength Index is at 66.49 which indicates bullish movement in the prices.

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

The Exxon of Green Power: A Spanish company and its boss set sky-high goals

Iberdrola is now the world leader in combined wind and solar power outside China, according to Bernstein, a market research firm.

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

Byju’s in talks to acquire Great Learning, Gradeup for $400 million: Report

Conversations with both the companies have reached the post-term sheet stage and the deals could be closed by May, Entracker has said.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/byju’stalks-to-acquire-great-learning-gradeup-for-36400-million-report_15045961.html

JSW Steel to supply 1,000 tons of liquid medical oxygen per day from April 30

Responding to the surge in demand for LMO,the company has ramped up production and would commence supply of 1,000 tons per day from April 30, it said in a statement on Thursday.

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

Rakesh Jhunjhunwala raises stake in these 5 companies in March quarter

Stocks in which he raised stake include Fortis Healthcare, TV18 Broadcast, Jubilant Pharmova, Agro Tech Foods, as well as MCX, shareholding data shows.

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

Vedanta pledges Rs 150 crore to help India fight against COVID-19

"Anil Agarwal...has pledged Rs 150 crore to help the country in its fight against the rapidly spreading second wave of COVID-19," Vedanta said.

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

No child left behind: Come 2023, schools will no longer rank students merely on marks scored in exams

The Education Ministry wants schools to promote multi-disciplinary education by having a 50-50 balance of academics with other activities such as sports, literature, martial arts, music and dance. Students will be assessed on aspects such as their participation in extra-curricular activities, inter-school competitions, sporting prowess and basic etiquette. Classroom interactions will also be closely monitored.

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

Panchayats bar sale of soft drinks, ice-creams in villages over COVID-19 fear: Report

Panchayats have also curtailed opening hours of shops in many villages and barred the entry of outsiders.

from Moneycontrol Business News https://ift.tt/32Z8pe4

IIT Bombay pilots technology to convert nitrogen into oxygen

This is being done by fine-tuning the existing Nitrogen Plant setup and changing the molecular sieves from Carbon to Zeolite.

from Moneycontrol Business News https://ift.tt/3vz2Orf

Steel Strips Wheels bags orders worth Rs 25 crore from US, Europe

The export orders of over 170,000 wheels for US and EU are for caravan trailer market, US mobile home and US Truck trailer markets, SSWL said in a regulatory filing.

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

Goldman Sachs commits additional $10 million to support COVID relief efforts in India

The US-headquartered firm will provide support for frontline health facilities in cities such as Bengaluru, Hyderabad, Mumbai and New Delhi, including ongoing vaccination efforts through the help, an official statement said.

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

Sit tight, Nifty may see record highs in May but 15,000 will act as a hurdle, say experts

Technically, the index may find resistance at around 14,950, which is a 61.8 percent retracement level of its prior trend. Hence, the monthly expiry is expected between 14,800 and 14,860 levels, say experts.

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

Indian markets dangerously resist virus resurgence

Fund managers have turned net sellers of local equities after six months of inflows. The benchmark Nifty 50 just had its best day in almost a month, however, and the MSCI India Index is up over the period too.

from Moneycontrol Business News https://ift.tt/32Zn3Ss

Gold Price Today: Yellow metal trades higher post Fed meet; Silver May futures rally over 1%

We suggest buying in gold around 47000 with a stop loss of 46780 for the target of 47480 and in silver around 67500 with a stop loss of 67100 for the target of 68500, suggest experts.

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

Axis Bank board approves re-appointment of Amitabh Chaudhry as MD CEO

"The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing Director and CEO of the bank, for a further period of 3 years, with effect from January 1, 2022 up to December 31, 2024," Axis Bank said in a regulatory filing.

from Moneycontrol Business News https://ift.tt/3nuXu5f

DAILY VOICE | DIY approach to investing is risky, will fade away when the market falls: Arun Malhotra of CapGrow Capital

We feel that sectors like IT, Banking, Healthcare, Chemicals have strong structural tailwinds and should post mid to high double-digit earnings growth in the future, says Malhotra.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-diy-approach-to-investing-is-risky-will-fade-away-whenmarket-falls-arun-malhotracapgrow-capital_15043101.html

Trade Spotlight: What should investors do with Bajaj Finance, TVS Motor?

Stocks that were in focus include Bajaj Finance which closed with gains of over 8 percent and was the top Nifty gainer, TVS Motors which hit a fresh 52-week high post Q4 results on Wednesday.

from Moneycontrol Market Outlook https://ift.tt/2PxEir3

Hot Stocks: Jubilant FoodWorks, Tata Coffee, Escorts top bets for May series

If the index sustains above 15,100, it may head higher above 15,250. The key support levels to watch out for in the short term are 14550 followed by 14,400 levels.

from Moneycontrol Market Outlook https://ift.tt/3t3Wwhv

Stocks in news: Reliance Inds, Hindustan Unilever, Titan, Bajaj Auto and Ambuja Cements

Hindustan Unilever, Titan and Bajaj Auto, Ambuja Cements, Motherson Sumi, Bajaj Holdings, Shriram Transport, AU SFB, IndiaMart InterMesh and Laurus Labs are among companies scheduled to announce quarterly results today.

from Economic Times https://ift.tt/3xADK4H

FinMin relaxes COVID-relief material import norms for Indian Red Cross

In instruction to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said in the wake of the extraordinary situation arising out of the COVID pandemic, the issue of providing seamless clearance to such relief material received from foreign governments and imported by the Indian Red Cross Society was discussed in a meeting chaired by the Cabinet Secretary on April 27.

from Moneycontrol Business News https://ift.tt/3tZXWL7

Retailers Association of India urges govt to extend ECLGS benefits to retailers

Putting forward a series of demands, RAI said around 80 percent of the retail stores are closed due to various restrictions across states and almost Rs 75,000 crore could turn NPA if urgent measures to ease the working capital challenges are not taken by the Reserve Bank and the Centre.

from Moneycontrol Business News https://ift.tt/3nBbhY8

After The Bell: Nifty back above 50-SMA; what should investors do on Thursday?

Nifty50 has to continue to hold above 14800 zones to witness an up move towards 15000 and 15150 zones, while on the downside, support exists at 14650 and 14500 zones, said experts.

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

Future Wise | Crash testing jobs are up for grabs, but do you have the skills?

In this episode of Future Wise, Moneycontrol#39;s M Saraswathy talks to Surya P, Co-founder CEO, Skill-Lync to find out details about the specialised course that the edtech firm has launched on #39;Crashworthiness#39;. Listen in for more.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/future-wise-|-crash-testing-jobsup-for-grabsdo-you-haveskills_15042201.html

Maruti Suzuki shuts Haryana plants to divert oxygen for medical need

Production at all the Suzuki factories will remain suspended for nine days starting May 1

from Moneycontrol Business News https://ift.tt/3dVSu6C