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Showing posts from May, 2018

Andersen Global Announces Presence in India

Andersen Global Announces Presence in India from India Infoline News Service https://ift.tt/2LL6Ne8

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Sebi said besides collecting initial margin, trading members will have to collect exposure margin from Markets https://ift.tt/2J82Kqj

US consumer spending tops forecasts; inflation holds at 2%

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The numbers add to signs of solid economic growth that support the US Feds plan for gradual interest-rate hikes. from India Infoline News Service https://ift.tt/2LN5KdJ

Stocks decline, bonds rise as US imposes tariffs

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Commerce Secretary Wilbur Ross said the US will impose levies on steel (25%) and aluminum (10%) from the European Union, Mexico, and Canada. from India Infoline News Service https://ift.tt/2kEJYw4

US to impose steel, aluminium tariffs on EU, Canada, & Mexico from tomorrow: Comm Secy

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They will be placed under the 25% tariff on steel and 10% on aluminum with effect from June 1, 2018, Commerce Secretary Wilbur Ross has said. from India Infoline News Service https://ift.tt/2LOpmy6

India may overhaul export program to allay US concerns

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India is planning to scrap financial incentives aimed at boosting exports of certain products after the US complained to the WTO. from India Infoline News Service https://ift.tt/2xw7oNL

Lupin launches Solosec in US markets

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Solosec came in Lupin's portfolio with acquisition of Symbiomix Therapeutics in October 2017. from India Infoline News Service https://ift.tt/2smnl42

HDFC Bank Recognized for Best Practices in Payment Security at Visa Summit

HDFC Bank Recognized for Best Practices in Payment Security at Visa Summit from India Infoline News Service https://ift.tt/2xueSRr

Indias recovery strengthens as Q4 GDP rises to 7.7%

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The economy expanded at 6.7% in the fiscal year through March, the slowest pace since Prime Minister Narendra Modi took power in 2014. from India Infoline News Service https://ift.tt/2xwCXa6

European stocks edge up as Italy crisis fears wane, trade clouds hover

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The dollar fell while the euro climbed, and Italian bond yields declined. from India Infoline News Service https://ift.tt/2xwOgiA

Lupin launches Solosec

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Solosec came in Lupin's portfolio with acquisition of Symbiomix Therapeutics in October 2017. from India Infoline News Service https://ift.tt/2J48gu9

Silver hovers near important resistance zone

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Silver prices edged higher in todays session. from India Infoline News Service https://ift.tt/2LL9dJH

European stocks edge up as Italy, trade clouds hover

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The dollar fell while the euro climbed, and Italian bond yields declined. from India Infoline News Service https://ift.tt/2J3Ca1M

Short covering takes Nifty past 10,700

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Nifty Bank witnessed a phenomenal surge in the May series gaining 7.78% with buying witnessed in all the frontline private sector banks. from India Infoline News Service https://ift.tt/2H649fx

Nifty above 10,700 mark; Bank Nifty gains over 550 points

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Nifty above 10,700 mark led by Bank Nifty, Financial, Metal, FMCG and IT stocks. from India Infoline News Service https://ift.tt/2xtM3En

Coal India stock rises 1.5%; hits 3-month high

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The stock hit a three-month high in the morning trade on the BSE. from India Infoline News Service https://ift.tt/2LMlY6U

Sensex rallies 200 points; Tech Mahindra, HDFC Bank stocks lead

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BSE Sensex trading above 35,000 and Nifty above 10,650 mark led by Bank Nifty, Financial, Metal, FMCG and IT stocks. from India Infoline News Service https://ift.tt/2L7xOqS

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New EU guidelines on paying separately for research have already changed the way markets function elsewhere in the world from Markets https://ift.tt/2H661oB

Tata Motors signs MoU with Maharashtra Government for deployment of 1,000 EVs

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Will set up EV charging stations in Mumbai in partnership with Tata Power. from India Infoline News Service https://ift.tt/2srwaK3

ONGC stock soars 3% after Q4 PAT rises 36%

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Its revenue from operations increased by 10.4% yoy to Rs23,969.83cr against Rs21,714.02cr in Q4FY17. from India Infoline News Service https://ift.tt/2LLtxe6

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Jet Airways, Avanti Feeds, Atlanta, HCC, Waterbase, Rolta India and Dilip Buildcon were among 31 stocks from the S&P BSE Smallcap index falling more than 25% in the month of May from Markets https://ift.tt/2L8VBGV

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Despite such heavy weightage in overall corporate worth, these companies account for just a quarter of revenues and assets from Markets https://ift.tt/2Jfy8Xh

HDFC stock gains 3%

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On Wednesday, the SEBI has decided to open the window for institutional trading series (6 lakh series) just for a day on June 1, 2018. from India Infoline News Service https://ift.tt/2LIXrPY

Sensex rallies 200 points; Tech Mahindra, ONGC stocks lead

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BSE Sensex trading above 35,000 and Nifty above 10,650 mark led by Bank Nifty, Financial, Metal, FMCG and IT stocks. from India Infoline News Service https://ift.tt/2LNXTwj

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The stock rallied 5% to Rs 303 in intra-day trade on Thursday, extending its Wednesday's 2.3% gain on the BSE from Markets https://ift.tt/2kDUpA0

Orient Cement stock rallies 9.5%

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The company announced the termination of an agreement with Jaypee Group companies to acquire Nigrie Cement Grinding Unit and Bhilai Jaypee Cements. from India Infoline News Service https://ift.tt/2ssCTT8

Oasis Proposals to Japan Asset Marketing Board of Directors

Oasis Proposals to Japan Asset Marketing Board of Directors from India Infoline News Service https://ift.tt/2JgCTQx

RCom stock rises as Ericsson settlement clears way to asset sale

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The settlement will help the Anil Ambani-controlled telco to exit bankruptcy proceedings and sell its assets to Reliance Jio Infocomm and Brookfield in order to repay lenders. from India Infoline News Service https://ift.tt/2J3BTvD

ICICI Bank stock drops over 1% as lender to probe complaints against boss Chanda Kochhar

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The inquiry will be conducted by an independent and credible person appointed by the bank, ICICI Bank said in a regulatory filing. from India Infoline News Service https://ift.tt/2xumJ13

HDFC Bank stock will be open for FII trading on June 01, 2018

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Since this is the final opportunity for FIIs to buy HDFC Bank stock, there can be huge quantum of buying from FIIs side on June 01, 2018 for one day. from India Infoline News Service https://ift.tt/2kzHSxy

US stocks advance, bonds slide as Italy concerns fade

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Investors have deemed the market reaction to Italys political turmoil overwrought; the dollar slipped and oil rose. from India Infoline News Service https://ift.tt/2Jey8qC

Block deals on Wednesday, May 30

Here are the block/bulk deals that took place on the BSE and the NSE on Wednesday, May 30. from India Infoline News Service https://ift.tt/2J4qyM5

Would love to be in India, but regulations challenging, tweets Tesla CEO

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Elon Musk said India's restrictive policy environment is proving to be a hurdle for local production. from India Infoline News Service https://ift.tt/2J4XKTi

Come July, China to cut tariffs on wide range of consumer goods

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The tariff cuts will apply to products including clothes, washing machines and makeup, the State Council said on Wednesday. from India Infoline News Service https://ift.tt/2J3a2f0

Price Waterhouse Chartered Accountants resigns as statutory auditors of Atlanta

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Earlier, on Monday, Dr Shankar Vishwanath, an independent director of the company, had resigned from his post. from India Infoline News Service https://ift.tt/2sjMmwM

US merchandise trade deficit shrinks to six-month-low in April

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Goods-trade gap shrank to $68.2bn (est. $71b) from $68.6bn in the prior month, according to US Commerce Department data released on Wednesday. from India Infoline News Service https://ift.tt/2IUQRYV

US Q1 growth revised down to 2.2% on inventories

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Tax cuts gave a significant boost to corporate profits, according to US Commerce Department data. from India Infoline News Service https://ift.tt/2sqtjzV

Poll shows market expects India's securitization market to stay flat this year: Moody's

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Like the majority of poll respondents, Moody's believes that future growth will be driven by capital market investors and demand for non-PSL targets. from India Infoline News Service https://ift.tt/2so93PF

KNR Constructions wins HAM projects worth Rs1,144.5cr

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The project has a concession period of nine years, including the construction period of two years from the appointed date. from India Infoline News Service https://ift.tt/2LJEBIH

Reliance Communications up 10% after NCLAT approves Ericsson settlement

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The settlement halts the insolvency proceedings against the company that was initiated two weeks ago. from India Infoline News Service https://ift.tt/2IUiUHO

Bharat Dynamics Ltds net profit for Q4FY18 jumps to Rs336.7cr vs Rs84.7cr in Q4FY17

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Strong revenue growth and sharp decrease in other expenses led to 121% yoy increase in EBITDA. from India Infoline News Service https://ift.tt/2IYkXXl

ICICI Bank to set up independent enquiry against boss Chanda Kochhar

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The bank's stock is likely to remain under pressure till the final outcome of the inquiry. from India Infoline News Service https://ift.tt/2LIpj6P

Syngene to partner with Zumutor Biologics for biotherapeutic antibody discovery services

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This collaboration further enhances Syngenes market-leading capabilities in discovery biology, providing its scientists with additional tools to help solve complex biology problems in biotherapeutic drug discovery. from India Infoline News Service https://ift.tt/2shTSbh

Max Bupa GoActive Health Insurance Plan Recognized as the Most Innovative and Diversified Product in Asia Pacific

Max Bupa GoActive Health Insurance Plan Recognized as the Most Innovative and Diversified Product in Asia Pacific from India Infoline News Service https://ift.tt/2Jj6B7i

Top mutual funds for FY19

The equity market has been volatile so far in April-May 2018 due to rising crude oil prices and bond yields, uncovering of governance issues in banks and the possibility of four rate hikes in 2018 in the US. Therefore, investors should use the current volatility as an opportunity to create wealth in long-term. from India Infoline News Service https://ift.tt/2wUUusb

RPP Infra bags order worth Rs31.8cr

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The company said work would be completed within 9 months. from India Infoline News Service https://ift.tt/2L7sjIG

MSCI weighs capping India, Brazil weights over investor access

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MSCI will now consult its clients and announce the results by December 31. from India Infoline News Service https://ift.tt/2IWdvjN

Aviation stocks gain; SpiceJet stock rises 2%

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The GST Council to take up Aviation Ministrys proposal to tax ATF at 12%, as per media reports. from India Infoline News Service https://ift.tt/2snSGmb

Nifty ends a volatile session marginally in the red

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Nifty Bank outperformed, ending the session 0.28% higher led by gains in PSU Bank stocks. from India Infoline News Service https://ift.tt/2skBcaa

Moody's cuts India's GDP growth forecast to 7.3% from 7.5%

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The rating agency retained the GDP growth forecast for 2019 at 7.5%, reports said. from India Infoline News Service https://ift.tt/2H1EMva

Eveready Industries stock slips 3% after Q4 net loss

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The companys revenue from operations has increased to Rs349.7cr in Q4FY18 over Rs317cr in the Q4FY17. from India Infoline News Service https://ift.tt/2xplobX

Svandis and Cindicator Enter Strategic Partnership For Cryptocurrency Trading Analytics

Svandis and Cindicator Enter Strategic Partnership For Cryptocurrency Trading Analytics from India Infoline News Service https://ift.tt/2LH9fSE

Nifty hovers around 10,600 mark; Tech Mahindra stock up 2%

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The stock market recovery was led by HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank and Reliance Industries. from India Infoline News Service https://ift.tt/2sgPv0q

Manpasand Beverages stock down for third day

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The stock has been on a downtrend for the sixth consecutive session and has fallen as much as 42.25% since May 22, 2018. from India Infoline News Service https://ift.tt/2J3scgA

Sensex, Nifty off days low; PSU Bank, IT stocks gain

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The stock market recovery was led by HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank and Reliance Industries. from India Infoline News Service https://ift.tt/2sp2EDQ

Treasuries drop as Italy panic eases; Euro climbs

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Italian bonds rebounded, with the 10-year yield falling as much as 19bps. from India Infoline News Service https://ift.tt/2IXsm9l

Rupee rebounds against the US dollar; Q4 GDP growth data awaited

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The India rupee rebounded against the US dollar on Wednesday after snapping a 3-day gaining streak on Tuesday. The rupee was trading at 67.62/$1, up by 24paise against the US dollar. The home currency opened flat at 67.78/$1 compared to Tuesdays closing price of 67.87/$1. from India Infoline News Service https://ift.tt/2sj5Kdi

Does a step-up SIP work better than a normal SIP?

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Your income is moving up over time and therefore your static SIP does not provide for your additional saving capacity. The answer to this challenge can be a step-up SIP. from India Infoline News Service https://ift.tt/2xn4lY5

Fund Review SBI BlueChip Fund

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SBI BlueChip Fund has the second largest AUM of Rs. 19,088 cr as on April 30, 2018, among large cap equity mutual funds. The fund started its journey on February 14, 2006. Since September 2010, Ms. Sohini Andani has been managing the scheme. from India Infoline News Service https://ift.tt/2sj3iTU

Nifty trades below 10,600 mark; RCom, Bhel stocks gain

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Benchmark indices were trading lower led by ICICI Bank, HDFC, ITC, Axis Bank and L&T. from India Infoline News Service https://ift.tt/2IVISLl

US stocks drop as Italian woes trigger selloff

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The flight from risk began in Italys bonds, with its 10-year yield spiking, leading the euro to slide against the dollar. from India Infoline News Service https://ift.tt/2H09V22

Singapore Exchange delays new India Futures after lawsuit

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The products are designed as a replacement for the popular Nifty50 Index contracts that are due to end in August. from India Infoline News Service https://ift.tt/2IWH6VX