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Showing posts from March, 2020

Fed to allow foreign central banks to swap US treasury for cash

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The global shutdown of businesses around the world has wreaked havoc on financial markets as companies rush to secure cash to remain afloat while their sales dry up. from Stocks-Markets-Economic Times https://ift.tt/2UVlnoR

Buy Just Dial, target price Rs 430: Jefferies

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The brokerage has cut target price to Rs 430 from Rs 500 as it has cut EPS estimates of FY20-FY21 period from Stocks-Markets-Economic Times https://ift.tt/2URe2qb

Payments stuck, exporters seek government’s support

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When a local manufacturer ships consignments to its overseas client, it is supposed to produce shipment related documents including invoice, and bill of lading to the local bank in India. This local bank in turn is supposed to send physical copies to the consignee’s bank account overseas that provides the letter of credit. from Stocks-Markets-Economic Times https://ift.tt/2WXXSOo

Buy M&M, target price Rs 500: HSBC

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There may not be major improvement in fundamentals in the near term but at this valuation, any gradual improvement is adequate to re-rate the stock, said HSBC. from Stocks-Markets-Economic Times https://ift.tt/3aAWWDs

Tatas object to Shapoorji Pallonji Group plan to pledge stake

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Pallonji Mistry and sons Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group, have tapped Canadian investor Brookfield for a mega $2-2.5 billion funding facility using part of its stake in Tata Sons as collateral. from Stocks-Markets-Economic Times https://ift.tt/2UQgCNc

Hold Voltas, target price Rs 469: ICICI Securities

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The stock has been de-rated sharply due to demand uncertainty, but the brokerage has upgraded it given benign valuation and assuming normalisation od demand from second half of FY21onwards. from Stocks-Markets-Economic Times https://ift.tt/2R1fzZQ

Shuttered buyers send force majeure notices to energy companies

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As nationwide demand plummets, oil and gas players flooded with such notices. from Stocks-Markets-Economic Times https://ift.tt/2UPLBZD

Popular Weather App Dark Sky is Now Owned by Apple, And That is Bad News For Android Users

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The Dark Sky app, apart from radar maps and hyperlocal weather forecasting, also has animated forecast maps, minute-by-minute predictions, Apple Watch app and a time machine feature that details weather changes at a location and predictions for the future. from Top Tech News- News18.com https://ift.tt/2QY0k3t

Foreign entities seek relief from furnishing hard copies for PAN

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​The move comes as several new PAN applications are stuck. Industry estimates suggest there are around 400-500 such applications pending. PAN card is mandatory for any foreign entity that seeks to do business in India. from Stocks-Markets-Economic Times https://ift.tt/3azaBuX

Heavy domestic buying key factor behind recent stocks rally: Will it sustain?

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Higher purchase figures by DIIs could have been on account of buying by mutual funds. from Stocks-Markets-Economic Times https://ift.tt/3dPXk3l

Green shoots of recovery wither due to Covid: CLSA

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Japanese brokerage firm Nomura also sees the lockdown impacting growth recovery. from Stocks-Markets-Economic Times https://ift.tt/2Uyy75O

Fearful FPIs march out of Indian markets, pull out a record $15.9 billion

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FPIs account for a fifth of the total market capitalisation of Indian equities. from Stocks-Markets-Economic Times https://ift.tt/2wQqlLi

ABB Power Products may be a good bet to gain from open offer

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As a part of the global deal, ABB India demerged its power grid business into a separate entity, called APPSIL. from Stocks-Markets-Economic Times https://ift.tt/2UTn5qy

Stocks under pressure after biggest quarterly drop since 2008

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Shares on Wall Street tumbled on Tuesday, with the Dow registering its biggest quarterly fall since 1987. from Stocks-Markets-Economic Times https://ift.tt/342qOGk

IndusInd falls 15% on worries over asset quality, growth numbers

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Investors grew edgy after the bank management laid out its strategy and the state of affairs at the lender which has seen a management change with long time chief executive Romesh Sobti making way for an insider, Sumant Kathpalia. from Stocks-Markets-Economic Times https://ift.tt/2R0tC1r

Analyst Calls: L&T, Voltas, M&M, Just Dial

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Kotak Institutional Equities has maintained buy rating on Petronet LNG and reduced target price to Rs 300 from Rs 325. from Stocks-Markets-Economic Times https://ift.tt/2UuZu0u

Automakers stare at a long, dark tunnel, sales in March seen down by 40-80% across segments

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Performance in March has eclipsed declines during events such as demonetisation in late 2016, implementation of the goods and services tax (GST) in 2017 and the global financial crisis of 2008, experts said. Passenger vehicle sales are seen at 145,000-150,000 units in March, halving from the year-ago month. Two-wheeler sales are expected to have slipped below a million units. from Stocks-Markets-Economic Times https://ift.tt/2WYhbqT

Lockdown 21: Adorable girl blocks door, reminds father of PM Modi’s appeal to stay indoors

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Lockdown 21: Adorable girl blocks door, reminds father of PM Modi’s appeal to stay indoors from News - Videos - The Times of India https://ift.tt/2JwCGHr

Fifteen COVID-19 myths the MyGov app wants you to stop believing

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Fifteen COVID-19 myths the MyGov app wants you to stop believing from News - Videos - The Times of India https://ift.tt/2Uvl6d3

Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades

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Wall Street's three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic. from Stocks-Markets-Economic Times https://ift.tt/2US0cDV

Syria downs missiles fired by Israeli warplanes

State TV said the warplanes fired the missiles towards Homs while flying in Lebanese airspace. from Sydney Morning Herald - World https://ift.tt/3ayTOYJ

Boy aged 13 becomes Britain's youngest victim of coronavirus

The boy's family said that he was not known to have previous health conditions. from Sydney Morning Herald - World https://ift.tt/39zZdh3

Air pollution linked to increased dementia risk

Almost 3000 adults were studied for 11 years for the study that was published in the JAMA Neurology journal from The Hindu - Life & Style https://ift.tt/3bE1JUT

Trending stocks: Suzlon Energy shares up 3%

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Shares of Suzlon Energy Ltd. traded 2.63 per cent up in trade at 09:31AM on Tuesday . from Stocks-Markets-Economic Times https://ift.tt/2QXnwiu

Buzzing stocks: Vodafone Idea, YES Bank, HDFC, ICICI Bank

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The NSE Nifty index was trading 140.65 points up at 8421.75 . from Stocks-Markets-Economic Times https://ift.tt/39BvKDD

Buy Fortis Healthcare, target price Rs 174: ICICI Securities

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The brokerage expects business improvement to continue and estimate revenue, EBITDA and PAT CAGRs at 9.9 per cent, 17.5 per cent and 41 per cent respectively over FY20-FY22E. from Stocks-Markets-Economic Times https://ift.tt/3byVIZu

Airtel Prepaid Users Get Extended Validity And Additional Talktime; 80 Million Users Benefit

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Airtel says they will also credit Rs 10 to the accounts of each of these 80 million users so that they can make calls and send messages. They say these measures will particularly benefit migrant workers and daily wage earners who may have been impacted due to the nationwide lockdown to combat COVID-19 from Top Tech News- News18.com https://ift.tt/2JuUm60

Sell Bharat Forge, target price Rs 233: Dharmesh Shah

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The analyst suggested a stoploss at Rs 256 . from Stocks-Markets-Economic Times https://ift.tt/3dQWhjA

Buy Divi's Laboratories, target price Rs 1,975: Dharmesh Shah

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The analyst suggested a stoploss at Rs 1840 . from Stocks-Markets-Economic Times https://ift.tt/39vM3Se

COVID-19 lockdown: Over 200 tourists stranded in Manali

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COVID-19 lockdown: Over 200 tourists stranded in Manali from News - Videos - The Times of India https://ift.tt/39yLOps

PE major Bain Capital’s Axis Bank deal under margin pressure

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Freefall in Axis shares — pledged as collateral — leads to calls for more cash, global guarantees by PE’s lenders. from Stocks-Markets-Economic Times https://ift.tt/2xATkmB

Companies caught in disclosure dilemma

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Sebi’s regulations mandate companies to disclose any material development on a continuous basis. However, disclosing the same in the current scenario could lead to a sharp sell-off in their stocks. from Stocks-Markets-Economic Times https://ift.tt/3byRzVq

Buy Sun Pharma, target price Rs 440: Jefferies

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The brokerage believes the stock already factors in no improvement and values ex-India business at distress level. from Stocks-Markets-Economic Times https://ift.tt/3arqXWm

US can well afford trillions in relief debt: Bullard

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​The Fed has slashed interest rates to almost zero and pumped hundreds of billions of dollars into credit markets to ensure they continue to function and tide the economy over as it endures the pandemic. from Stocks-Markets-Economic Times https://ift.tt/3dJCimy

Deferring credit card, personal loan payments may cost more

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Industry experts have pointed out that the central bank relaxation guidelines only cover deferment of principal amounts and lenders may still opt to accrue compounded interest rates in this period, leaving customers under huge repayment burden when the moratorium ends. from Stocks-Markets-Economic Times https://ift.tt/3awGWCC

Buy Thermax, fair value Rs 870: Kotak Institutional Equities

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the brokerage takes comfort from the company's large cash position and commitment to prioritise cash over revenues. from Stocks-Markets-Economic Times https://ift.tt/2xxpXl9

What changed for D-Street while you were sleeping

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On the daily chart, the index formed a bearish candle with a lower wick. This suggests that the intraday recovery was sold into. from Stocks-Markets-Economic Times https://ift.tt/3awfTHE

Buy Hero MotoCorp, target price Rs 2,200: Investec Securities

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Hero MotoCorp with its high rural exposure, should benefit from the prospect of relatively strong rural demand. from Stocks-Markets-Economic Times https://ift.tt/3bCr1mh

Liquidity push trims CD interest rates

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Axis Bank’s CDs traded as high as 7.75 per cent before RBI announced an unscheduled bi-monthly policy last Friday. These instruments are now trading in the range of 3.90-5.90 per cent across maturities running up to nine months. from Stocks-Markets-Economic Times https://ift.tt/2Ut9irG

Long unwinding sends open interest of index futures to five-year low

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The futures OI slipped to 199,434 contracts on the NSE, the lowest since November 2015. from Stocks-Markets-Economic Times https://ift.tt/2UQMP6P

Why are sugar stocks rallying in a weak market

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Ethanol is an active ingredient in the production of hand sanitisers and is manufactured by sugar mills in India. from Stocks-Markets-Economic Times https://ift.tt/3ax8pnN

Asia shares edge up, China factories show flicker of life

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Japan's Nikkei firmed 1.0% after a jittery start, while South Korea added 2%. from Stocks-Markets-Economic Times https://ift.tt/39szw20

Covid-19 in India: Banks wary of liquidity crunch

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Some lenders, particularly private sector institutions, fear that if a large number of borrowers refuse to service loans, Reserve Bank of India’s measures to soften the blow from Covid-19 could fall short of requirement. In such a situation the moratorium on interest and loan repayment will more than offset the benefits of extra liquidity. from Stocks-Markets-Economic Times https://ift.tt/3avfCVt

Eicher Motors' Royal Enfield invokes force majeure clause to select vendors

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The move reflects the acute distress the industry is going through after a nationwide lockdown forced by the Covid-19 virus outbreak resulted in shuttering of manufacturing facilities and dealerships for automobile companies. from Stocks-Markets-Economic Times https://ift.tt/39uB6jJ

Stocks in the news: Future Retail, HDFC Bank, SpiceJet, Thyrocare, Suzlon and Eicher Motors

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The maker of Royal Enfield motorcycles has suspended payments to a few of its suppliers. from Stocks-Markets-Economic Times https://ift.tt/3axamQZ

China reports new confirmed coronavirus cases

China reversed four days of declines, due to an uptick in infections involving travellers arriving from overseas. from Sydney Morning Herald - World https://ift.tt/341xKnd

Indians, WhatsApp is Limiting Status to 15 Seconds Because Videos Are Slowing The Internet

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Netflix, Amazon Video, YouTube and Facebook have had to cut down on the quality of video streams to save the internet lines as millions are sitting at home and relying on the world wide web for their work and entertainment needs due to the Coronavirus lockdown. from Top Tech News- News18.com https://ift.tt/2QW8XM1

Excessive alcohol consumption may increase risk of COVID-19: WHO

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Excessive alcohol consumption may increase risk of COVID-19: WHO from News - Videos - The Times of India https://ift.tt/3bBI4Fi

Ireland Has An App That Alerts Users if They Have Been in Contact With Someone Who Has COVID

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A number of countries are developing mobile-phone based technologies to help track the virus, prompting criticism from data privacy activists. The HSE said it was working with the Irish data protection agency to approve the app. from Top Tech News- News18.com https://ift.tt/2UMAeS9

Who else is listening to your ZOOM video conference call?

The news that British PM Boris Johnson hosted a Cabinet meeting via Zoom has sparked concerns about the app's security levels. from Sydney Morning Herald - World https://ift.tt/33TkoJI

Banks win extra year for basel capital rule

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According to the latest estimate by the European Banking Authority, banks would need about 125 billion euros ($138 billion) to comply with the standards as agreed by the Basel Committee in 2017. from Stocks-Markets-Economic Times https://ift.tt/2xvctpU

Spike in delivery-based trades hints at a possible recession

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Markets have lost more than half a trillion dollars in market capitalisation since Covid-19. from Stocks-Markets-Economic Times https://ift.tt/2Jp5ktT

IndiaNivesh closes down PMS business

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The assets under custody of IndiaNivesh Small Cap (Sprout) have declined from Rs 90 crore to Rs 60 crore in the past one month, according to sources. from Stocks-Markets-Economic Times https://ift.tt/3dDRodt

Banking, fin services, energy & it see massive FPI offloading

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FPI outflow from energy stocks was Rs 4,400 crore while from NBFCs was Rs 3,900 crore. from Stocks-Markets-Economic Times https://ift.tt/33TKLiN

What changed for D-Street while you were sleeping

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Analysts said the index needs to breach the 8,900-9,000 range in the near term, before instilling confidence among market participants. from Stocks-Markets-Economic Times https://ift.tt/39nHucA