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Yatheendradas C.k.

Yatheendradas C.k.

City: Bangalore

Joining Date: 11 Jul , 2009
Last Login: 08:09 AM - 22 Mar , 2019
IP Address of Last Login - 122.172.70.xxx
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New Thread: Thoughts for the Day March 22nd, 2019

Yatheendradas C.k. at 05:48 AM - Mar 22, 2019 ( )

22nd March, 2019


“Limitations live only in our minds. But if we use our imaginations, our possibilities become limitless.” – Jamie Paolinetti

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 10:26 PM - Mar 21, 2019 ( )

While debit card issuance skyrocketed in
the first 10 months of the current
financial year, the number of ATMs has
come down, creating a challenging
situation for banks and inconveniencing
customers. The number of ATMs in the
country has come down by 399 in the
first 10 months of the current financial
year at 2,21,848 ATMs as of Jan-end
2019. During this period, debit card
issuance soared by seven crore at 93
crore as of January-end 2019. -Business Line


SBI asked Jet Airways chairman Naresh
Goyal and 3 fellow directors to step
down from the board of the airline as it
edged closer to the brink with more
planes likely to be grounded due to lease
rental defaults, said people with
knowledge of the matter. -Economic Times


Nirav Modi, wanted in India on fraud
and money laundering charges
amounting to USD 2 billion, spent Holi
behind bars in one of England's most
overcrowded jails on Thursday, a day
after a UK judge rejected his bail
application. -Economic Times


Arguing against the extradition of Nirav
Modi his legal team pointed to a number
of factors to highlight Modi’s
commitment to the UK. -Business Line


General insurers should put in place a
robust system to register all requests of
individual crop-loss assessment, said the
IRDAI. “Where a request for individual
loss assessment is rejected, a written
rejection letter mentioning the reason
should be sent to the insured. For all
other cases, loss assessment survey
should be done as per the prescribed
norms,” said Yegnapriya Bharath, Chief
GM, in a communication to the general
insurers. -Business Line


ABG Shipyard Ltd, once India’s biggest
private shipbuilder, is headed for
liquidation after a lenders panel rejected
the resolution plan submitted by
London-based Liberty House for the
debt-laden shipbuilder. -Business Line


The US Federal Reserve on Wednesday,
kept its target fund rate range unchanged
at 2.25% to 2.5 %, as widely expected. -Business Line


The 'private lender' tag to IDBI Bank has
forced more than 60 assistant managers
of the bank to approach the High Court of
Kerala seeking direction for transfer to
other nationalised/ PSBs. The petitioners
submitted that they could be
transferred/ deployed to thousands of
vacancies in any of these banks. The
decision of the Centre, the first
respondent, to dilute its stake below 51%
in IDBI Bank goes against the undertaking
given by the then Finance Minister to
Parliament, they argued. -Business Line


USD/INR 68.81
Sense 38386.75 ({+23.28)
NIFTY50 11521.05(-11.35)

New Thread: GLOBAL MARKETS TREND

Yatheendradas C.k. at 03:38 AM - Mar 21, 2019 ( )

European shares retreated from near six-month highs on Wednesday, with German stocks leading losses as chemicals producer Bayer and carmaker BMW tumbled, and as the European Union resisted British Prime Minister Theresa May’s plea to delay Brexit. The pan-European STOXX 600 index fell 0.90%. The DAX is down 1.57% while France's CAC 40 is off 0.80% and London's FTSE 100 is lower by 0.45%.

03:37 IST

 


From: yatheendradas c.k. at 06:43 AM - Mar 21, 2019( )


U.S. stocks and Treasury yields fell Wednesday after the Federal Reserve left interest rates unchanged and a majority of officials signaled they might not raise them at all this year, raising fears about a slowdown in economic growth. Major indexes fell toward the end of the session after rising immediately following the Fed statement, a sign that volatility could be picking up in financial markets after weeks of quiet trading. Dow Jones ended the day down 141.71 points at or 0.55%  25,745.67. The W&P  closed  8.34 points or 0.29 lower at 2,824.23. TheNasdaq Comosite  e eked out a gain, closing 5.02 points or  0.07% higher at 7,728.97.

06:42  IST


From: yatheendradas c.k. at 06:52 AM - Mar 21, 2019( )


Oil prices rose on Wednesday, boosted by government data showing an unexpected decline in U.S. supplies. Light, sweet crude for April delivery rose 1.4% to $59.87 a barrel on the New York Mercantile Exchange, on track to close at a fresh four-month high. Brent Crude  , the global benchmark,  futures rose 89 cents, or 1.2%t, at $68.40 a barrel.

06:51  IST


 



From: yatheendradas c.k. at 10:00 PM - Mar 21, 2019( )


Asian markets ended generally high on Thursday after the U.S. Federal Reserve kept interest rates unchanged and indicated there would be no rate hikes for the rest of the year. Japan’s Nikkei wasn’t trading due to a holiday. Hong Kong’s Hang Seng finished down 0.85%. The Shanghai Composite which spent the morning swinging between small losses and gains, closed up 0.35%. The  South Korea’s Kospi rose 0.36%. The ASX 200  ended flat after see-sawing throughout the day, with amarginal gain of  0.03%.

21:59  IST


From: yatheendradas c.k. at 05:57 AM - Mar 22, 2019( )


European stock markets ended mixed on Thursday, weighed down by financial stocks. The pan-European STOXX 600 index ended just 0.04%.   The FTSE 100 gained 0.88%, while the DAX led the CAC 40 lower. They fell 0.46% and 0.07% respectively. 

05:56  IST


From: yatheendradas c.k. at 06:06 AM - Mar 22, 2019( )


Shares of technology companies led major U.S. indexes higher, as investors warmed up to riskier stocks following the Federal Reserve’s indication that it will hold interest rates steady this year. The gains pulled the Dow Jones Industrial Average and the S&P 500 higher for the first time in three trading sessions, recouping their losses from earlier in the week. The S&P 500  rose 20.65 points or  1.09% to end  at2,854.88. The Dow Jones Industrial Average advanced around 216.84 points or 0.84% to end at 25,962.51.The Nasdaq Composite climbed 109.99 points or 1.42% to finish at 7,839.96.

06:06  IST


From: yatheendradas c.k. at 06:17 AM - Mar 22, 2019( )


The U.S. oil market slipped on Thursday, after falling inventories and signals from the Federal Reserve earlier this week propelled prices to their highest levels of 2019. Futures for May delivery on West Texas Intermediate, the U.S. crude benchmark, fell 25 cents or  0.4% to $59.98 a barrel. Brent crude, the global price, sank 0.9% to $67.86. On Wednesday, WTI futures for April delivery reached their highest level since mid-November, as the contracts expired. May Brent crude  lost 64 cents, or 0.9%, to $67.86 a barrel on ICE Futures Group.

06:17  IST

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 03:29 AM - Mar 21, 2019 ( )

The AIBEA has urged the RBI to reconsider its decision to categorise IDBI Bank as a private sector bank. In a letter to the RBI Governor, the AIBEA General Secretary C H Venkatachalam has demanded that IDBI Bank's categorisation be reverted as "Other Public Sector Bank", which was the situation earlier. Although Govt's stake has come down below 51%, AIBEA has highlighted that LIC, which is the main shareholder now is 100% Govt owned and hence the re-categorisation was unwarranted and motivated against public interest.
-Business Line

RBI Governor Shaktikanta Das said there should be more consistency among various finance commissions.Das, who is also a member of the 15th finance commission, said his views were personal and did not represent his view in the commission.
-Business Standard

The NCLAT has accepted the RBI’s impleadment request as a “party respondent” in the appeal filed by the Centre against NCLT’s historic Feb 25 order in the IL&FS case. As the regulatory authority overseeing banks and NBFCs, the central bank had submitted to NCLAT that it was interested in the outcome of the appeal filed by the Centre in the IL&FS case.
-Business Line

Nirav Modi, the main accused in the USD 2 billion PNB scam case, has been arrested in London where a court today remanded him in custody till March 29, saying there substantial grounds to believe that he would fail to surrender if granted bail."Nirav Deepak Modi, 48, was arrested on behalf of the Indian Authorities on Tuesday in Holborn," the Metropolitan Police said in a statement.
-Economic Times

The SBI will auction NPAs amounting to Rs 6,169 Cr in the next 10 days to recover its dues from various defaulting business outfits.
-Economic Times

SBI Chairman Rajnish Kumar  today said the lenders of Jet Airways will make every effort to keep the embattled airline flying. Kumar met Finance Minister Arun Jaitley along with Aviation Secretary Pradip Singh Kharola and Nripendra Misra, Principal Secretary to PM.
-Economic Times

The RBI has turned down IDBI Bank's proposal to change its name following the transfer of controlling 51% stake to LIC  from the government of India.
-Business Line

The SBI said it has signed a pact with the Bank of China to boost business opportunities and enhance business synergies between both the banks, SBI said in a release.
-Business Line

South Indian Bank today said it will raise up to ₹250 crore by issuing Basel III compliant bonds.
-Business Line

The Enforcement Directorate will sell 173 paintings and 11 vehicles "beneficially owned" by Nirav Modi after it obtained permission from a special court in Mumbai, officials said.
-Economic Times

Shares of Bank of Baroda hit a 6-month high of Rs 127, up 2% on the BSE, outpacing the market by surging 23% in past one month. In comparison, the benchmark S&P BSE Sensex was up 7.5% during the same period.
-Business Standard

USD/INR 68.81
SENSEX 38386.75
NIFTY50 11521.05

New Thread: Thoughts for the Day March 21st, 2019

Yatheendradas C.k. at 03:26 AM - Mar 21, 2019 ( )

21st March, 2019


“I didn’t fail the test. I just found 100 ways to do it wrong.” – Benjamin Franklin

New Thread: PNB fraud case: Nirav Modi arrested in London

Yatheendradas C.k. at 03:25 PM - Mar 20, 2019 ( )

PNB fraud case: Nirav Modi arrested in London
20 Mar 2019, 03:22 PM IST Shaswati Das Live Mint

PNB fraud accused Nirav Modi will now be produced in a London court, before commencement of his extradition hearing
CBI had requested the UK authorities to detain Nirav Modi, with the UK confirming Modi’s presence on its soil

New Delhi: PNB fraud accused Nirav Modi was arrested in London on Wednesday, more than a year after he escaped from India after defrauding Punjab National Bank (PNB) of ₹14,356 crore. Senior officials familiar with the development said that Modi will now be produced in a London court, before the commencement of his extradition hearing.

In July, Interpol had issued a red corner notice against Nirav Modi, his brother Neeshal Modi and close aide Subhash Parab, who was an executive with the Nirav Modi group.

The Red Corner Notice allows security agencies in all Interpol member-countries to track down and arrest the suspect so that extradition proceedings can be started against them.

The move comes as a big boost for India’s agencies hunting Modi in connection with ₹14,356 crore PNB fraud case.

The Central Bureau of Investigation (CBI) had requested the UK authorities to detain Nirav Modi, with the UK confirming Modi’s presence on its soil.

New Thread: Sensex, Nifty may open lower

Yatheendradas C.k. at 09:03 AM - Mar 20, 2019 ( )

Share market LIVE: Sensex, Nifty may open lower; L&T, Mindtree, Axis Bank shares in focus
By: FE Online | Updated:Mar 20, 2019 8:54 am
The stock martet indicated by Sensex and Nifty are likely to open lower on Wednesday morning, tracking weak global cues. The SGX Nifty was trading 4.5 points or 0.04 per cent down at 11,571.50 indicating a weak opening for Nifty and Sensex.

Share market LIVE: The stock martet indicated by Sensex and Nifty are likely to open lower on Wednesday morning, tracking weak global cues. The SGX Nifty was trading 4.5 points or 0.04 per cent down at 11,571.50 indicating a weak opening for Nifty and Sensex.

Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked down 0.1 per cent from a six-month high touched the previous day. Japan’s Nikkei was also down 0.1 per cent, Reuters reported.

Back home, shares of infra major Larsen & Tuobro will assume focus amid buzz around Mindtree takeover. Mindtree shares will also be in focus even as the board meets to consider buyback, to block L&Ts hostile takeover attempt. Axis Bank shares will also be in focus, after global brokerages cheered management’s reiteration of meeting 18 per cent ROE target over three years. We bring to you LIVE updates.

New Thread: Stocks in the news today

Yatheendradas C.k. at 09:01 AM - Mar 20, 2019 ( )

Last Updated : Mar 20, 2019 08:20 AM IST | Source: Moneycontrol.com
Stocks in the news: DLF, Centrum Capital, Fortis, Newgen Software, Muthoot Capital
Centrum Capital | Avenue Supermarts | Fortis Healthcare | Newgen Software | DLF and Bodal Chemicals are stocks which are in the news today.
Moneycontrol News

Here are stocks that are in the news today:

Muthoot Capital Services: Company completed a securitization transaction of Rs 236.36 crore.

Future Enterprises: Brickwork Ratings India has re-affirmed AA (SO) rating on NCDs with stable outlook.

ONGC board meeting March 23 to consider interim dividend

Cox & Kings: Company owned Meininger opens hotel in Budapest, Hungary.

V-Mart Retail: Company opened a new store in the state of Assam.

Bodal Chemicals: Company starts production at Gujarat plant.

DLF: Company's joint venture with Hines to invest upto Rs 1,900 crore to develop 2.9 million square feet in Udyog Vihar, Gurugram, their second joint venture.

Jindal Saw's independent director Devi Dayal resigns with immediate effect due to personal reason

Tata Steel BSL allotted Non-Convertible Redeemable Preference Shares worth Rs 6500 crore to Tata steel

HCL Tech and Xerox expand Strategic Partnership to accelerate operational Transformation

Jet Airways: An additional six aircraft (include one aircraft of Jet Lite (India) Limited) have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements.

Himalaya Food International: Board meeting is scheduled on March 25 to discuss the status of OTS (one time settlement) proposal with consortium of Banks led by SBI.

Rallis India: Company announced suspension of operations at Ankleshwar unit due to flash fire during transfer operations.

Talwalkar Better Value's promoter acquired 0.70% stake from open market on March 18

IDBI Bank: Board approved rupee bond borrowing limit of Rs 4,000 crore to be borrowed in one or more tranches comprising of Basel III compliant Tier II Bonds and Senior Bonds (not more than Rs 1,000 crore) by way of private placement during FY 2019-20.

Viaan Industries: Company agreed to acquire equity stake in Avalance Technology Private Limited (a company proposed to be incorporated under the Companies Act, 2013) for a cash consideration. The said investment upon completion will translate into 50 percen equity stake in Avalance Technology Private Limited on a fully diluted basis.

Newgen Software: Company secured another patent for its invention- Integrated and Automatic Generation of Carbon Credits.

Datamatics Global Services: Company acquired additional 10 percent equity stake in Datamatics Digital Limited (earlier known as Techjini Solutions Private Limited), the subsidiary company.

Fortis Healthcare: Board approved the appointment of Dr Ashutosh Raghuvanshi as Managing Director designating him as MD & CEO of the company.

Adhunik Industries: Bikash Roy Chowdhury has resigned from the post of Chief Financial Officer (CFO) and key managerial personnel (KMP) due to some personal reasons.

Avenue Supermarts: Company has issued commercial paper of Rs 100 crore.

Rushil Decor: Company intimated fire accident at factory located at Chikmagalur, Karnataka.

Eris Lifesciences: Himanshu Shah, Executive Director of the company has resigned from the membership of the board.

Centrum Capital: Company sold its entire equity holding in its wholly-owned subsidiary company, Centrum Capital Holding LLC alongwith its subsidiary i.e Centrum Securities LLC (step-down subsidiary of CCL).

Bulk Deals on March 19

NSE

Agro Phos India: Ambe Securities Private Limited bought 1,45,000 shares of the company at Rs 72.78 per share.

CG Power & Industrial Solutions: Bharti SBM Holdings Private Limited purchased 56,64,181 shares of the company at Rs 46.11 per share.

Keerti Know & Skill: Mandeep Tradelink Private Limited sold 42,000 shares of the company at Rs 70.45 per share.

LEEL Electricals: Alpha Leon Enterprises LLP sold 2,40,000 shares of the company at Rs 21.31 per share.

M K Proteins: Bhavishya Investserve Private Limited purchased 24,000 shares of the company at Rs 77.09 per share.

Man Coat Metal: Palash Machineries Private sold 3,49,183 shares of the company at Rs 6 per share.

Noida Toll Bridge Company: Jaliyan Trading Private Limited bought 13,00,000 shares of the company at Rs 5.35 per share.

Ruchi Soya Industries: Disha Foundation sold 22,48,143 shares of the company at Rs 7.26 per share.

Shaival Reality: Wealth First Portfolio Managers Limited sold 1,08,000 shares of the company at Rs 26.7 per share.

BSE

Bharti Infratel: Promoter Bharti Airtel sold another 15 crore shares of the company to its subsidiary Nettle Infrastructure Investments Limited at Rs 332.25 per share.

Analyst or Board Meet/Briefings

OCL Iron and Steel: Board meeting is scheduled on March 22 to consider issue of equity and convertible/non convertible securities or other equity linked securities along with secured/unsecured loan.

KEI Industries: Company's officials will meet Motilal Oswal Financial Services on March 25.

NOCIL: Investor / Analysts will be visiting the company’s plant at Dahej on March 20.

Tata Steel: Company's officials will meet B&K Securities on March 20.

MT Educare: Company's officials will meet Khambatta Securities on March 20.

Coffee Day Enterprises: Board meeting is scheduled on March 22 to consider the issuance of unlisted, unrated, secured, redeemable, non-convertible debentures (NCDs) for an amount upto Rs 200 crore in one or more tranches. The issue of NCDs is for the purpose of re-financing the existing debt.

S Chand and Company: Company's officials will meet analysts/investors on March 25.

MIRC Electronics: Company's officials will meet analysts on March 20.

Mahindra Lifespace Developers: Company arranged conference call on April 23.

Atlanta Infrastructure and Finance: Board meeting is scheduled on March 27 to consider resignation of Managing Director & CFO Sailesh Mulraj Ved.

Colgate Palmolive (India): Board meeting will be held on March 29 to consider the declaration of dividend (if any).

Welspun Enterprises: Company will be attending Elara Morpheus Investor Conference on March 20.

New Thread: GLOBAL MARKETS TREND

Yatheendradas C.k. at 05:43 AM - Mar 20, 2019 ( )

European shares were on course for a fifth day of gains on Tuesday, powered by a strong rally in automakers and with investor enthusiasm driven by hopes over global trade. The the benchmark STOXX 600 climbed 0.57%.to 384.29. The U.K.’s FTSE 100 climbed 0.34% to 7,324.00 while France’s CAC 40 rose by 0.24% to 5,425.90. Germany’s climbed 1.13%  to 11,788.41. 

05:43  IST

 


From: yatheendradas c.k. at 05:57 AM - Mar 20, 2019( )


Wall Street gained ground on Tuesday morning, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting. However, earlier gains were pared following a Bloomberg report that China is pushing back against American demands in trade negotiations.

The S&P 500 slipped  fell 0.37 point, or 0.01%, to 2832.57, snapping two consecutive days of gains. The Dow Jones Industrial Average fell 26.72 points, or 0.10%, to 25887.38, after climbing nearly 200 points in early trading. Meanwhile, the technology-heavy Nasdaq Composite ticked up 9.47 points, or 0.12%, to 7723.95.

05:55 IST


From: yatheendradas c.k. at 06:09 AM - Mar 20, 2019( )


U.S. oil prices pulled back from a four-month high Tuesday over concerns about the progress of U.S.-China trade negotiations .West Texas Intermediate futures, the U.S. oil standard, ended 6 cents lower at $59.03 a barrel on the New York Mercantile Exchange, after hitting an intraday peak at $59.57, the highest level since Nov. 12. Brent Oil futures rose 7 cents at $67.61 per barrel. The international benchmark for oil prices rose to a four-month high at $68.20 earlier on Tuesday

06:09 IST


From: yatheendradas c.k. at 08:53 AM - Mar 20, 2019( )


Asian stocks are mixed today morning as investors adopted a cautious stance ahead of the Federal Reserve decision and further news on U.S.-China trade talks, where negotiators remain at odds.  The Shanghai Composite is up 0.32% while the Hang Seng is down  0.16%. The Nikkei 225 is up 0.08%. The Kospi has lost 0.88%. The ASX 200 is down0.12%. 

08:52 IST


From: yatheendradas c.k. at 08:56 AM - Mar 20, 2019( )


SGX Nifty Futures in Singapore Exchange is trading flat with a loss of 4.50 points or 0.04% at 11,571.50.

08:55  IST


From: yatheendradas c.k. at 08:58 AM - Mar 20, 2019( )


Our Markets are likely to open flat on today following muted trend seen in other Asian/Global markets.

08:58 IST


From: yatheendradas c.k. at 02:34 PM - Mar 20, 2019( )


Asian shares got off to a cautious start but finished mixed today, after holding close to six-month highs on hopes the U.S. Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year. he Nikkei 225 gained 0.20%, while the Hang Seng led the Shanghai Composite lower. They fell 0.49% and 0.01% respectively. The Kospi lost 0.02%. The ASX 200 is off 0.32%.

14:33 IST


From: yatheendradas c.k. at 02:53 PM - Mar 20, 2019( )


European shares retreated from near six-month highs and trading lower on today morning, with German stocks leading losses. The pan-European STOXX 600 index fell 0.27%. The FTSE 100 is off 0.03% while the CAC 40 lossed  0.6%. The DAX is off 0.87%.

14:52 IST

New Thread: Thoughts for the Day March 20th, 2019

Yatheendradas C.k. at 05:31 AM - Mar 20, 2019 ( )

20th March, 2019
“I would rather die of passion than of boredom.” – Vincent van Gogh

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 10:10 PM - Mar 19, 2019 ( )

India's government has asked PSBs to
rescue privately held Jet Airways without
pushing it into bankruptcy, as PM
Modi seeks to avert thousands of job
losses weeks before a general election,
two people within the administration
told Reuters. The finance ministry has in
the past year sought regular updates
from the banks, led by SBI, on Jet's
financial health, the people said. In
recent months, the banks have provided
weekly updates about a revival plan and
also sought government advice, the
people added. -Economic Times


Finance minister Arun Jaitley today took
on 108 economists who had questioned
credibility of official data last week. He
said 70% of these so-called economists
are compulsive contrarians, a term he
had coined to thrash opponents of the
Central Government earlier. -Business Standard


Economists raised concerns over a sharp
slowdown in Indian economy and pitched
for a monetary policy boost to support
growth at a meeting with the nation's
central bank chief today, according to
participants. The RBI Governor
Shaktikanta Das met more than a dozen
economists to get their views on the
economy ahead of the Monetary Policy
Committee decision due on April 4. -Economic Times


The RBI has moved the NCLAT over the
order passed regarding classification of
debt of IL&FS group companies as NPA. The RBI is seeking modification of the
order passed by the tribunal which has
provided moratorium on repayment of
loans regarding the accounts of IL&FS
and its over 300 group companies. -Economic Times


The RBI is urging banks to closely monitor
the origins and end use of funds through
increased surveillance, according to
a report. The central bank's move is
aimed at checking evergreening and bad
loans. It will also prevent divergence of
funds by corporate borrowers. -Monrcontrol.com


SEBI today said it has inked pact with
Insolvency and Bankruptcy Board of India
to effectively implement securities laws,
and Insolvency and Bankruptcy Code
(IBC).The pact provides for sharing of
information with each other, subject to
the limitations imposed by the applicable
laws. -Moneycontrol.com


HDFC Bank has relaunched the upgraded
version of its mobile banking app, which
was pulled down weeks after its launch
in November -Business Line


Exim Bank of India has extended 3 lines
of credit (LOC) aggregating $83.11 million
to the Republic of Congo. -Business Line
SBI has revamped its credit-appraisal
process, digging deep into step-down
units at conglomerates to assess the
credit worthiness of individual companies
to which the bank is loaning funds,
MD Arijit Basu tells. -Economic Times


Karix Mobile has announced their
association with Yes Bank to power the
Bank’s recent app-less banking roll-out.
This platform allows Yes Bank to deliver a
suite of services to its customers over
the mobile browser using progressive
web-app technology. -Economic Times


Mastercard Inc. is concerned that India’s
strict data localization rules could
compromise its ability to detect frauds
and money laundering in the domestic
payments system, said Mastercard’s
Chief Product Officer Michael Miebach. -Economic Times


In a setback to Jet Airways revival plans,
Gulf airline Etihad Airways has proposed
the top lender of Jet Airways, SBI, to buy
its 24% stake in the airline. This has come
when there were reports that Etihad has
conveyed to SBI that it won’t make any
further investment in the troubled
airline. -Economic Times


NITI Aayog has suggested more than
threefold increase in the cap on
reimbursement of the cost of training
candidates under a revamped version of
the government’s National
Apprenticeship Promotion Scheme
(NAPS), a measure which will bring down
the liability of companies and give a fillip
to the programme which has not found
many takers so far. -Economic Times


The Directorate General of Civil
Aviation (DGCA) today said that Jet
Airways will be operating a scheduled
603 domestic flights and 382
international flights with a fleet of 41
aircraft, which is likely to continue for the
Summer Schedule that starts during
March-end. The airline till a couple of
months ago operated a fleet of 125
aircraft. Jet Airways Pilot union today
said that if there is no clarity on the
resolution process and salary payment by
March 31, then the pilots will stop flying
from April 1. -Economic Times


USD/INR 68.96
SENSEX 38363.47 (+268.40)
NIFTY50 11532.40 (+70.20)

New Thread: Sensex and Nifty are likely to open positive

Yatheendradas C.k. at 09:04 AM - Mar 19, 2019 ( )

Share market radar: Sensex, Nifty at 6-month high; HDFC, L&T, RCom to be in focus today; here’s why
By: Monika Yadav | Updated: March 19, 2019 8:45 AM t The Financial Express
The headline indices- Sensex and Nifty are likely to open positive tracking positive global cues and after their best performance in last six months. SGX Nifty was trading at 11,524.50 points, marginally up by 0.12%. HDFC, L&T, Reliance Communications are likely to be in focus today.

The headline indices- Sensex and Nifty are likely to open positive tracking positive global cues and after their best performance in last six months. SGX Nifty was trading at 11,524.50 points, marginally up by 0.12%. The Sensex closed at 38,095.07, 70.75 points higher than the previous close and Nifty 50 also closed higher at 11,462.20, higher than the previous close on Monday. We take a look at five stocks which will be in focus today.

Stocks to watch:

HDFC : HDFC to consider issuance of rupee denominated bonds under medium term note programme for an amount up to USD 2.8 billion to overseas investors on or after March 22, 2019.

Tata Motors: Tata Motors clarified to the exchanges about its wholly-owned arm Jaguar Land Rovers recalling 44000 cars in UK. It said JLR did voluntary recall of vehicles because of carbon dioxide emission issue and all affected vehicles will receive corrective repairs and software updates that have been agreed with the relevant authorities. The costs are not material.

Larsen & Toubro: L&T informed exchanged on Monday that it has entered into a share purchase agreement with VG Siddhartha, Coffee Day Trading and Coffee Day Enterprises for the acquisition of shares of software services company Mindtree for  Rs10,733 crore.

Canara Bank : Canara Bank said it will raise long-term foreign currency funds worth Rs $500 million under its medium-term notes program. They will meet investors between March 19-20 for this program.

Reliance Communications : Reliance Communications said it has terminated its sale agreement with Reliance Jio Infocomm because of lack of consent among lenders and permission from telecom department.  

New Thread: Stocks in the news today

Yatheendradas C.k. at 08:53 AM - Mar 19, 2019 ( )

Last Updated : Mar 19, 2019 08:24 AM IST | Source: Moneycontrol.com
Stocks in the news: RComm, Majesco, Orbit Exports, Hotel Leela, Canara Bank, L&T, Mindtree

DHFL | Pidilite Industries | FIEM Industries | Aarti Industries | Vakrangee | RattanIndia Infrastructure and Aegis Logistics are stocks which are in news today.
Moneycontrol News

Here are the stocks that are in news today:

Orbit Exports: Board approved the buy-back of fully paid up equity shares for an amount upto Rs 10 crore at a price upto Rs 130 per share.

Vakrangee: RBI renews the authorization issued to company for White Label ATMs

 Aegis Logistics: Board approved interim dividend of 50 paise on equity shares of face value of Re 1 each.

HCL Technologies entered into a shared services arrangement with Xerox Corporation

Reliance Communications: The agreements dated December 28, 2017 and August 11, 2018 entered into between company, RTL, RITL (RCOM Group) and Reliance Jio respectively for sale of certain specified telecom assets have been terminated today by mutual agreement.

Reliance Communications: Company made payment of Rs 458 crore to Ericsson as per Supreme Court orders - CNBC-TV18.

Tata Motors clarified that Jaguar Land Rover is conducting a voluntary recall following the identification of C02 performance variability with certain 2016-2019 MY Jaguar and Land Rover vehicles fitted with 2. OL diesel or petrol engines.

Aarti Industries: Board approved raising of funds by way of issue of equity shares, through, a QIP.

Coffee Day Trading subsidiary of Coffee Day Enterprises and Mr. V.G. Siddhartha (Promoter of the Company) have signed a definitive agreement to sell their entire stake in Mindtree

Amines & Plasticizers: ICRA assigned long term rating at BBB+ and outlook positive to company's bank loan facilities.

Majesco: Company acquired insurance software business in India issued by Majesco, USA, subsidiary company.

IL&FS Transportation Networks: Company defaulted in payment of principal and interest due on non-convertible debentures.

Hotel Leela Venture: Company to sell its hospitality & hotel operations business on slump sale basis to Brookfield.

ISGEC Heavy Engineering fixed March 29 as record date for sub division of equity shares

RattanIndia Infrastructure: Vikas Adukia is appointed as the Chief Financial Officer of the company.

Adani Ports: Board approved the buyback of 14,000 non-convertible debentures (NCDs) aggregating to Rs 1,400 crore from the existing debenture holders in one or more tranche through negotiated deals.

FIEM Industries: Company declares interim dividend of Rs 8 per share for the financial year 2018-19.

Pidilite Industries: Chief financial officer P Ganesh resigned.

Voltas introduces, industry''s first, Adjustable Inverter AC range, with the unique value proposition of Flexible Air Conditioning

Canara Bank: Bank plans to raise long term foreign currency funds by issuing Senior Unsecured Bonds in the international markets to the extent of $500 million.

Emami: SAT quashes SEBI order against company - CNBC-TV18.

L&T, Mindtree: L&T signs deal to buy VG Siddhartha’s entire stake in Mindtree for Rs 981 per share: CNBC-TV18 sources.

Talwalkars Better Value promoter entity sold 0.23% stake in market on March 15

Bulk Deals on March 18

NSE

DHFL: PGGM World Equity BV bought 25,16,898 shares of the company at Rs 136.55 per share

Mindpool Technologies: Keyur Bipinkumar Shah purchased 24,000 shares of the company at Rs 16.5 per share

Reliance Communications: IndusInd Bank Client A/C sold 2,76,05,034 shares of the company at Rs 4.04 per share.

Reliance Infrastructure: PGGM World Equity BV bought 14,60,946 shares of the company at Rs 135.93 per share.

Suumaya Lifestyle: Newedge Vinimay Private Limited sold 3,20,000 shares of the company at Rs 29.9 per share.

BSE

Bharti Infratel: Bharti Airtel subsidiary Nettle Infrastructure Investments Limited bought 16 crore shares of the company at Rs 316.80 from Bharti Airtel.

Analyst or Board Meet/Briefings

The New India Assurance Company: Board meeting is scheduled on March 27 to consider general matters of the company.

BEML: Board meeting is scheduled on March 21 to consider the interim dividend for the financial year 2018-19 on equity shares.

Aster DM Healthcare: Company is participating in the Kotak India Investment Forum being held at Singapore on March 19, where meetings shall be held with various investors/analysts.

PI Industries: Meeting with investor namely Canara HSBC Life Insurance is scheduled to be held on March 19.

Tata Chemicals: Company's officials will meet NVS Brokerage Pvt. Ltd. on March 19.

Allahabad Bank: Board meeting is scheduled on March 26 to consider capital raising plan.

Mahindra Logistics: Group Meeting (warehouse site visit) with various Institutional Investors is scheduled to be held on March 19.

Emmbi Industries: Company's officials will meet TrustLine Holdings on March 19 in Mumbai.

Aarti Industries: Board meeting is scheduled on March 22 to consider the issue price for equity shares to be allotted to the qualified institutional buyers in the proposed Issue, including a discount, if any.

New Thread: GLOBAL MARKETS TREND

Yatheendradas C.k. at 06:50 AM - Mar 19, 2019 ( )

European markets were modestly higher Monday, helped by a jump in shares in German lenders Deutsche Bank and Commerzbank after they confirmed over the weekend that they were in talks to merge. The pan-European STOXX 600 index was up 0.27%. The FTSE 100 gained 0.98% and the CAC 40 rose 0.14%. The DAX lost 0.25%.

06:49 IST 


From: yatheendradas c.k. at 07:00 AM - Mar 19, 2019( )


U.S Stocks closed on a positive note on Monday to extend last week's broad-based rally even as Boeing's travails dragged on the blue-chip Dow. The S&P 500 rose 10.46 points or  0.37% to end at 2,832.94. The Dow Jones Industrial Average advanced 65.23 points, or 0.25%, to finish at 25,914.20.. The Nasdaq Composite rose 25.95 points or 0.34% to end at 7,714.48.

06:59  IST


From: yatheendradas c.k. at 07:11 AM - Mar 19, 2019( )


Oil prices rose on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs and signs of inventory declines at the delivery point for U.S. crude futures. U.S. West Texas Intermediate crude settled Monday’s session 57 cents higher at $59.09, rising 1 percent to the best closing price since Nov. 12. Brent Crude  the global benchmark, rose 7 cents, or about 0.10%, to $67.61 on Monday. It reached a 2019 intraday high of $68.14 last week.

07:11 IST


From: yatheendradas c.k. at 08:49 AM - Mar 19, 2019( )


Shares in Asia slipped today morning, ahead of a closely watched meeting by the U.S. Federal Reserve set to kick off later in the day stateside. The Shanghai Composite is off 0.20% while the Hang Seng is down 0.12%. The Nikkei 225 is down 0.26%. The Kospi has lost 0.17%. The ASX 200 is a,los down 0.10%.

08:49 IST


From: yatheendradas c.k. at 08:56 AM - Mar 19, 2019( )


SGX Nifty Futures in Singapore Exchange is trading 10.00 points or 0.09% up at 11,521.00 

 

08:56  IST

From: yatheendradas c.k. at 09:01 AM - Mar 19, 2019( )


Our Markets are  likely to open today tracking positive global cues. 

09:01 IST

New Thread: Thoughts for the Day March 19th, 2019

Yatheendradas C.k. at 06:40 AM - Mar 19, 2019 ( )

19th March, 2019
 
“Build your own dreams, or someone else will hire you to build theirs.” – Farrah Gray

New Thread: Mukesh Ambani rescues brother Anil,

Yatheendradas C.k. at 10:40 PM - Mar 18, 2019 ( )

Mukesh Ambani rescues Anil, ensures he doesn’t go to jail
Rajesh Kurup  Mumbai | Updated on March 18, 2019  Published on March 18, 2019 BUSINESS LINE

Ericsson had dragged Ambani to the court after RCom failed to clear its dues, and won the suit
Mukesh Ambani stepped in to save his younger brother Anil from going to jail by giving money to be paid to Swedish equipment major Ericsson. Beleaguered telecom operator Reliance Communications (RCom) has paid ₹458.77-crore to Ericsson, avoiding a potential three-month jail term for its Chairman Anil Ambani.

The payment comes a day before the deadline set the Supreme Court expires on Tuesday. The group paid the amount to the court on Monday, sources close to the development said.

When contacted, an Ericsson spokesperson confirmed the developments.

Read More: SC to Anil Ambani, two RCom directors: Pay Ericsson ₹453 cr or face jail

Anil D Ambani, Chairman, RCom, said “My sincere and heartfelt thanks to my respected elder brother, Mukesh, and Nita, for standing by me during these trying times, and demonstrating the importance of staying true to their strong family values by extending this timely support. I and my family are grateful and deeply touched with their gesture.”

Earlier in January, debt-laden RCom deposited ₹118 crore with Supreme Court Registry as partial payment of dues it owes to Ericsson. The Indian firm has now paid a total of ₹579.77 crore to Ericsson. The Swedish company had moved a bankruptcy court in 2017, accusing RCom of not paying ₹1,500 crore in dues for a seven-year contract to manage and operate its network. The deal, signed by an Indian unit of Ericsson, was signed in 2013.

Ericsson had dragged Ambani to the court after RCom failed to clear its dues, and won the suit. On October 23, the court had asked RCom to pay ₹550 crore by December 15, and warned that any delay would result in a 12 per cent interest. The ₹550-crore dues were also personally guaranteed by Ambani.

Later, Ericsson had moved the apex court seeking initiation of contempt proceedings against Ambani for allegedly not complying with its order to clear dues of ₹550 crore (plus interest).

On February 20, the Supreme Court had held Anil Ambani and two directors of the group guilty of contempt of court and asked them to pay the amount within four weeks. Failure to comply with the order will invite a three-month jail term, the court had warned.

The apex court had also directed RCom, RTL and Reliance Infratel to deposit ₹1 crore as penalty.
 
Published on March 18, 2019

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 10:36 PM - Mar 18, 2019 ( )

The finance ministry has asked banks to give preference to Indian manufacturers under the ‘Make in India’ initiative when purchasing ATMs. A finance ministry official said the directions are in accordance with the guidelines issued in 2017 by the then  Dept of Industrial Policy and Promotion.
-Economic Times

Senior officials from the RBI met about 2 dozen bankers today for feedback on the RBI's new cash infusion tool, according to bankers who attended the meeting. While the meeting was aimed at ironing out any procedural issues for implementing the central bank's debut move, it also indicated the RBI's willingness to smoothen tight cash conditions in the banking system, the bankers said.
-Moneycontrol.com

The RBI will conduct a forward dollar/rupee buy-sell swap auction worth $5 billion on March 26, its first such move to infuse rupee liquidity into cash-strapped banks. Under this arrangement, the RBI will buy dollars from banks for 3 years promising a specified premium for selling back the same at maturity.
-Moneycontrol.com

An RBI-appointed panel today sought suggestions from the public on long-term solutions for economic and financial sustainability of MSME sector, including ways to improve credit rating mechanism to help them raise funds at competitive rates. The panel is undertaking a comprehensive review of the sector to identify causes and propose long-term solutions for its development, the RBI said in a statement.
-Moneycontrol.com

Central Bank of India will raise up to Rs 270 crore by issuing shares to its staff under the employee share purchase scheme (ESPS). The bank’s board today approved a proposal to raise equity capital by issuance and allotment of up to 10 crore shares at the issue price of Rs 27 per share, Central Bank of India said in a regulatory filing.
-Business Line

SBI, one of the lead lenders to Vijay Mallya’s businesses, has moved the  Karnataka High Court to seek rights over a 2.8% stake, worth Rs 1,025 crore, in United Breweries Ltd held by a court-appointed liquidator.
-Economic Times

ICICI Lombard  and Mobikwik  today announced a partnership to offer cyber-insurance cover of Rs 50,000 to protect against online frauds.
-Economic Times

RCom has completed paying Ericsson nearly Rs 580 crore, thereby ensuring the telco’s chairman  Anil Ambani does not go to jail. With today’s payment of Rs462 crore, the debt-laden telco ends its 18-month long battle with Ericsson which had claimed dues for its maintenance services.
-Economic Times

Deutsche Bank AG is setting up a unit in India to buy and reorganize soured debt as it seeks to profit from an unprecedented bad-loan clean up in the nation with one of the world’s worst NPA ratios, people familiar with the matter said.
-Economic Times

USD/INR 68.54
SENSEX 38095.07
NIFTY50 11462.20

New Thread: Stocks in the news today

Yatheendradas C.k. at 09:06 AM - Mar 18, 2019 ( )

Last Updated : Mar 18, 2019 08:51 AM IST | Source: Moneycontrol.com
Stocks in the news: Oil India, Bandhan Bank, Lumax Auto, Mindtree, Majesco, HDFC, DHFL
Oil India | Vodafone Idea | HUDCO | NHPC| REC| HDFC and DHFL are stocks, which are in news today.
Moneycontrol News

Here are stocks that are in the news today:

Lumax Auto Technologies: Company decided for discontinuation of the PCB manufacturing w.e.f. April 1, 2019. In addition, the board has also approved the disposal of plant and machinery to Lumax Industries relating to PCB Business on arm’s length basis and not below its book value.

Jaiprakash Associates: Board approved the re-appointment of Manoj Gaur, Executive Chairman & CEO and Sunil Kumar Sharma, Executive Vice Chairman for a further term of three years.

 
Future Consumer: Company announced redemption of non-convertible debentures.

 
Oil India -Joint Venture Partners of Mozambique Rovuma Offshore Area 1, concludes over 9.5 MMTPAof LNG Sale and Purchase Agreements

Mindtree to consider proposal of buyback on March 20

Karnataka Bank: The bank partners with Karvy DigKonnect for contact centre services.

Grasim Industries received an order issued by the DCIT raising a demand of Rs. 5,872.13 crore on account of dividend distribution tax

Kesoram Industries: The company's rating pertaining to that portion of its long term/short term banking facilities as been assigned to CARE Ratings Limited for rating has been revised to BB+/ A4+ (under credit watch with developing implications).

Majesco: Board approved to sell, transfer and dispose of, as a going concern and on a slump sale basis, the company's India Insurance Products & Services Business to Majesco Software and Solutions India Private Limited, a step-down subsidiary of the company, for a lump sum consideration of Rs 24.4 crore.

Kotak Mahindra Bank approved re-appointment of Prakash Apte and Uday Shankar as an independent directors of the bank
The Bank approves dividend on 100 crore preference shares

Mishra Dhatu Nigam: Board declared payment of Rs 1.68 per share as the first interim dividend on equity shares for the financial year 2018-19 and fixed March 26 as the record date for dividend payment.

SAIL: CARE has assigned AA- outlook stable to company's long term fund based facility (term loan).

Bandhan Bank/Gruh Finance received No Objection from the RBI for the amalgamation of GRUH Finance into and with Bandhan Bank

HDFC- RBI has granted in-principle approval to the company for acquisition of 9.9% or less of the paid up voting equity capital of Bandhan upon the effective date of the scheme

Indostar Capital approved NCD worth Rs 15 crore on private placement basis

Indo Amines: 'No observation' letter has been received from BSE for proposed amalgamation amongst Core Chemical (Mumbai) Private Limited and Key Organics Private Limited with Indo Amines Limited, so as to enable the company to file the scheme with NCLT.

DHFL: Special Committee of the board of directors accorded approval to disinvest to Olive Vine Investment Limited an affiliate of the Warburg Pincus Group.

Santosh Sharma (currently the CFO) will assume a new role as the Head - Corporate Strategy.

India Ratings & Research revised rating on long term bank loans of Religare Enterprises to IND B+/RWN from IND BB/RWN, while on short term bank loan rating revised from IND A4+/RWN to IND A4/RWN

J&K Bank executed share purchase agreement with Oman India Joint Investment Fund II for sale by the Bank 4,11,11,111 crore equity shares of PNB MetLife India Insurance Company at a total consideration of Rs 185 crore

Lupin: Subsidiary Novel Laboratories Inc. has received a letter from the USFDA classifying the inspection conducted at its Somerset (New Jersey) facility in December 2018 as Official Action Indicated (OAI). The US FDA has stated that this facility may be subject to regulatory or administrative action and that it may withhold approval of any pending applications or supplements in which this facility is listed.

NHPC approved raising of fund through External Commercial Borrowing (ECB) in JPY equivalent to USD 100 Million from MUFG Bank

REC board meet on March 20, 2019, to consider a proposal relating to market borrowing programme for the financial year 2019-20

Prakash Industries - National Law Company Law Tribunal sanctioned the demerger scheme of company's business of PVC Pipes & Fittings and Flexible Packaging into Prakash Pipes

Cadila Healthcare: Zydus receives final approval from the USFDA for Valsartan and Hydrochlorothiazide tablets.

Mirc Electronics: Vishal Barot has resigned as Chief Financial Officer (CFO) of the company due to personal reasons.

Punjab & Sind Bank reviewed MCLR w.e.f. March 16, 2019

Zuari Global: Company has acquired around 48.98 percent shares of Forte Furniture Products India Private Limited (FFPL) from Indian Furniture Products Limited (IFPL), subsidiary of the company.

HUDCO further raised funds of Rs 5320 crore through Issue of Government of India Fully Serviced, Unsecured, Taxable HUDCO Bonds Series V-2018

Vodafone Idea board meet on March 20 to consider, discuss and decide, various matters in connection with the rights issueIndia rating & research downgrades rating on NCD to IND A+ with rating watch negative (RWN)

Jubilant Foodworks - Domino’s Pizza officially launched in Bangladesh

Out of F&O Ban: BEML, Reliance Power.

Bulk Deals on March 15

Analyst or Board Meet/Briefings

EID Parry India: Board meeting will be held on March 22 to consider the second interim dividend on equity shares, if any, for the financial year 2018-19.

Finolex Industries: Company's officials will meet investors/analysts on March 18.

PSP Projects: Company's officials will meet analyst/institutional investors on March 18 and 25.

Emmbi Industries: Company's officials will meet Moneybee Investment Advisors on March 18.

Deep Industries: Officials of the company will be meeting investors and analysts on March 19.

Jindal Steel & Power: Analysts and Investors visit to Angul plant is scheduled on March 18.

South Indian Bank: Officials of the bank will be meeting a group of institutional investors organised by SBI Caps Securities on March 19.
First Published on Mar 18, 2019 07:43 am

New Thread: Five bluechip stocks to watch out today

Yatheendradas C.k. at 09:03 AM - Mar 18, 2019 ( )

From Maruti Suzuki to Bandhan Bank; here are five bluechip stocks to watch out today
By: Monika Yadav | Updated: March 18, 2019 8:58 AM The Financil Express
The headline indices- Sensex and Nifty are likely to open positive tracking positive global cues and after their best performance in last four months last week. SGX Nifty was trading at 11,513.50 points, marginally up by 0.34%. The Sensex closed at 38,024.32, 269.43 points higher than the previous close and Nifty 50 also closed higher at 38,024.32, higher than the previous close on Friday. We take a look at five stocks which will be in focus today.

The headline indices- Sensex and Nifty are likely to open positive tracking positive global cues and after their best performance in last six months last week. SGX Nifty was trading at 11,513.50 points, marginally up by 0.34%. The Sensex closed at 38,024.32, 269.43 points higher than the previous close and Nifty 50 also closed higher at 38,024.32, higher than the previous close on Friday. We take a look at five stocks which will be in focus today.

Stocks to watch:

Maruti Suzuki: Shares of automaker Maruti Suzuki will be in focus today after media reports doing the rounds that it would cut down its production by 26% because of slowdown in production.

Jet Airways: Debt-ridden Jet Airways will be in focus for cancelling its flights to Abu Dhabi.

Bharti Airtel : Department of Telecom has rejected Bharti Airtel’s claim on fine.

IL&FS:  According to media reports, cash-strapped IL&FS will receive its first set bids under asset monetization as part of its resolution process.

Bandhan Bank: Bandhan Bank will assume focus, after the firm received RBI approval for merger with Gruh Finance.

 

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 06:09 AM - Mar 18, 2019 ( )

The IDBI Bank's proposal for changing its name has not found any favour from the RBI, sources said. The board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank, following its takeover by LIC. According to the sources, the RBI is not in favour of changing the name of IDBI Bank
-Economic Times

The RBI Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and steps to boost economic activities, said sources.
-Business Line

The RBI yesterday maintained that there is no dilution in its stand with regard to Feb12 circular on stressed assets recognition and resolution. “It is reiterated that the RBI maintains its stand on all aspects of the Framework as has been consistently articulated in its communications, including the clarification given during the post-monetary policy press conference on Feb 7, 2019,” the central bank said in a statement. 
-Business Line

Jammu and Kashmir Bank today said it proposes to sell its stake in PNB Metlife India to private equity player Oman India Joint Investment Fund II for Rs 185 crore, Jammu and Kashmir Bank said in a regulatory filing.
-Economic Times

Lakshmi Vilas Bank has raised Rs 460 crore in a share sale from multiple investors helping it improve the finances which is battling to avoid getting into the Prompt Corrective Action of RBI.
-Economic Times

Deutsche Bank was set on Sunday to confirm merger talks with Commerzbank , according to a person with knowledge of the matter, an indication that efforts to combine Germany's two largest lenders are gaining pace. The management boards of both banks were meeting separately on Sunday ahead of the expected announcement, the person said.
-Business Line

Former Supreme Court judge Justice Pinaki Chandra Ghose was today recommended to be the first  Lokpal or anti-corruption ombudsman of India. His name was finalised and recommended by the Selection Committee comprising Prime Minister, Chief Justice, Lok Sabha Speaker and eminent jurist Mukul Rohatgi.
-Economic Times

BSNL will approach National Company Law Tribunal this week to recover dues of about Rs 700 Cr from Reliance Communications, according to official sources. Earlier, debt-ridden RCom in its plea before the NCLAT said that it wants to voluntarily go back into the insolvency process, as it will help selling its assets in a time bound manner.
-Economic Times

More investments with strict riders have been planned to make  Air India  financially attractive before starting any new round of divestment, Union Minister Suresh Prabhu has said.
-Economic Times

Reply for: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 06:10 AM - Mar 04, 2019 ( )

Our Markets are closed today on account of Maha Sivarathri.

Suresh Kotha at 05:15 AM - Mar 04, 2019 ( )

TODAY ANY HOlIDAY FOR STOCK MARKET ON A/C OF MAHA SIVA RATHRI

Reply for: Untimely demise of my mother

Yatheendradas C.k. at 09:04 AM - Jan 08, 2019 ( )

Heart felt condolances , Dear Alex. I pray for the departed soul to rest in peace

Reply for: MARKET OUTLOOK

Yatheendradas C.k. at 01:30 PM - Jan 05, 2019 ( )

Negative news will normally cause individuals to sell stocks, will translate to selling pressure and a decrease in stock price. or a positive news will normally cause individuals buy stocks  translate into buying pressure and an increase in stock price. I am afaraid, U.S markets are more  sensitive and impulsive to the news as the memories are short !!!! Unfornunatly, as you dobuted U.S. influence the Global Markets. Eg. Many markets were not effcted with Apple contraversy but repercucssions were felt in the markets all over the world. The so called developed nations have a hidden agenda to control markets of developing/third world countries.

 

Rakesh Padhi at 09:45 AM - Jan 05, 2019 ( )

US market does not move with any fundamentals. US market need a news everynight. For them yesterday economy was bad and today economy imporvide just because job report and some one from FED gave a statement. Not sure what on card next but we idiot indian follow there news based move is very disappointing. Is US market/new driving global market !!

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 10:18 PM - Dec 18, 2018 ( )

V r different !!!

 

Parsuvanath Jain at 03:19 PM - Dec 18, 2018 ( )

But Indian MKT is showing Streghth +++++

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:14 AM - Oct 17, 2018 ( )

Trends on SGX Nifty indicate a gap-up opening fof pur Markets furher the asian/globel nmarkets re alos higher a gain of 72.25 points or 0.69% percent. Nifty futures were trading around 10,584.75 level on the Singaporean Exchange.  Furher the asian/globel nmarkets re alos higher 

09:12 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:18 AM - Oct 01, 2018 ( )

Sorry ,Market regulator Sebi deferred the October 1 deadline for the extension of trading hours 

 

Sanjeev Kumar at 09:08 AM - Oct 01, 2018 ( )

Sir kindly put some light on market timing as it has changed from today to onward

 

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:13 AM - Oct 01, 2018 ( )

 

Good news for equity derivatives traders, market regulator Securities and Exchange Board of India (Sebi) has allowed stock exchanges to extend timing of equity derivatives trading till 11:55 pm with effect from October 1, 2018.

Sanjeev Kumar at 09:08 AM - Oct 01, 2018 ( )

Sir kindly put some light on market timing as it has changed from today to onward

 

Markets can re-test Friday’s low  given liquidity and asset-liability mismatch concerns.  Derivatives and technical analysts feel the market could re-test lows of Friday.  Traders and investors wanting to hedge their risk from a falling market could do a bear put spread on  options expiring on September 27. Lets wait and watch the situation. 

 

 

 

 

 

Frequent negative news appearing about the air line !!!!!

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:05 AM - Aug 27, 2018 ( )

Our Markets are likely to open with a gap on Monday following positive trend seen in other Asian marketsand Global Marke Trends on SGX Nifty indicate a positive opening for the indexes in India

09:05 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:01 AM - Aug 27, 2018 ( )

SGX NIFTY Nifty futures were trading around 11,617- level UP 46.50 POINTS OR 40% on the Singaporean Exchange

08:59 IST

Reply for: Hexaware Technologies crashes 19%

Yatheendradas C.k. at 08:17 AM - Aug 27, 2018 ( )

Thaku Sri. Sudararajan

 

Reply for: Hexaware Technologies crashes 19%

Yatheendradas C.k. at 10:45 PM - Aug 25, 2018 ( )

I can not predict anything in this mattter. I have placed the information available in public domin for information on one and all

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 03:20 PM - Aug 23, 2018 ( )

Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States.At Present, the pan-European  Stoxx 600 is marginally higher by 0.16%. The CAC 40 is up 0.18% while Germany's DAX is up 0.02% and London's FTSE 100 is up 0.02%.

15:19 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 08:52 AM - Aug 17, 2018 ( )

Asia markets advanced on Friday, following a strong lead in from Wall Street and positive news on the U.S.-China trade front. Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.08% while the Hang Seng is up 0.53%. The Nikkei 225 is trading up by 0.52%.  In South Korea, the Kospi rose by 0.29%. In Australia  the  ASX 200 remained largely flat to edge around 0.14%.

08:51 IST

Threads by Yatheendradas C.k.
TitleDate
Thoughts for the Day March 22nd, 2019 [1 ] General Discussion 22 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 21 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 21 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 21 Mar, 2019
Thoughts for the Day March 21st, 2019 [1 ] General Discussion 21 Mar, 2019
PNB fraud case: Nirav Modi arrested in London [1 ] General Discussion 20 Mar, 2019
Sensex, Nifty may open lower [1 ] Market Outlook 20 Mar, 2019
Stocks in the news today [1 ] Market Outlook 20 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 20 Mar, 2019
Thoughts for the Day March 20th, 2019 [1 ] General Discussion 20 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 19 Mar, 2019
Sensex and Nifty are likely to open positive [1 ] Market Outlook 19 Mar, 2019
Stocks in the news today [1 ] Market Outlook 19 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 19 Mar, 2019
Thoughts for the Day March 19th, 2019 [1 ] General Discussion 19 Mar, 2019
Mukesh Ambani rescues brother Anil, [1 ] General Discussion 18 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 18 Mar, 2019
Stocks in the news today [1 ] Market Outlook 18 Mar, 2019
Five bluechip stocks to watch out today [1 ] Market Outlook 18 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 18 Mar, 2019
Thoughts for the Day March 18th, 2019 [1 ] General Discussion 18 Mar, 2019
Nifty may move towards 11,550-11,600 [1 ] Market Outlook 17 Mar, 2019
Index Outlook: Key indices test vital resistance [1 ] Market Outlook 17 Mar, 2019
Home remedies for anaemia [1 ] General Discussion 17 Mar, 2019
Top Ten Facts About Diabetes [1 ] General Discussion 17 Mar, 2019
Thoughts for the Day March 17th, 2019 [1 ] General Discussion 17 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 16 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 16 Mar, 2019
Thoughts for the Day March 16th, 2019 [1 ] General Discussion 16 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 15 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 15 Mar, 2019
Thoughts for the Day March 15th, 2019 [1 ] General Discussion 15 Mar, 2019
Stocks in the news today [1 ] Market Outlook 14 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 14 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 14 Mar, 2019
Thoughts for the Day March 14th, 2019 [1 ] General Discussion 14 Mar, 2019
Stocks in the news today [1 ] Market Outlook 13 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 13 Mar, 2019
Thoughts for the Day March 13th, 2019 [1 ] General Discussion 13 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 12 Mar, 2019
Lok Sabha polls and stock market [1 ] General Discussion 12 Mar, 2019
Industrial growth slows to 1.7% in January 2019 [1 ] General Discussion 12 Mar, 2019
Retail inflation rises to 4-month high of 2.57% in Feb [1 ] General Discussion 12 Mar, 2019
Sensex, Nifty may open higher [1 ] General Discussion 12 Mar, 2019
Stocks in the news today [1 ] Market Outlook 12 Mar, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 12 Mar, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 12 Mar, 2019
Thoughts for the Day March,12th, 2019 [1 ] General Discussion 12 Mar, 2019
SBI’s move to link S B Deposit Repo deposit [1 ] General Discussion 11 Mar, 2019
Sensex, Nifty may open lower [1 ] Market Outlook 11 Mar, 2019
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