Markets
Flipkart has potential to launch IPO: Walmart
Walmart officials, who were in New Delhi in November last year to attend a company event, had said the firm would continue to invest in its India businesses and build on its growth in India, the ‘most important’ market for it.
Nashik onion growers seek relief of Rs 5/kg for 45-day period
According to traders, at present nearly 70-80% of the onion crop is export-worthy, but stock-holding limits make exports difficult.
Rain may affect cumin seed crop
This season, sowing of cumin has been increased in Gujarat from last season's 3.47 lakh hector to 4.88 lakh hector.
Icra and Moody’s downgrade various Yes Bank instruments
According to ICRA, the ratings downgrade factors in the moratorium placed on the bank by the government.
Debt mutual funds have exposure of Rs 2,783.02 crore to papers issued by Yes Bank
Nippon India MF has limited fresh inflows in the scheme to Rs 2 lakh per day per scheme per investor, till further notice.
CAI retains cotton estimates at 354.50 lakh bales for February
Exports from October 1, 2019, to February 29, which have already been shipped, are estimated at 27.50 lakh bales while the balance of 14.50 lakh bales are expected to be shipped from March 1 to Septem
Wheat crop yield unaffected despite unseasonable rainfall
The government's second advance estimates released last month have pegged wheat output at 106.21 million tonne for 2019-20 crop year (July-June), up by 2.5% from a year earlier.
Bank Nifty posts biggest fall in four years on Yes Bank moratorium
With the Yes Bank stock losing more than half of its value in a single day, the gauge for bank stocks declined 3.52%, or 1,013.90 points, to close at 27,801.45.
Analyst Corner: Upgrade Eicher Motors to ‘add’, FV revised to Rs 19,500
The company has smoothly transitioned to the BS-VI regime.
Analyst Corner: Maintain ‘buy’ on SBI, target price unchanged at Rs 405
Yes Bank has a high level of stressed assets (net NPA of 4.4% and sub-investment grade standard loans at c14% of loans) and a weak capital position (CET1 of just 8.7%).
Benchmark yield closes at 11-year low of 6.18%
With the rapid spread of the Covid-19 across the world, global investors have gone into a risk-off mode with a flight-to-safety approach being adopted.
Kerala pumps Rs 18 crore to whip fizz to its coconut toddy business
When launched, in 2014, coconut toddy Neera was ambitiously touted to fetch Rs 50,000 crore annual turnover to Kerala, through 29 private companies.
Moody’s downgrades Yes Bank; ratings remain under review
The downgrade "is a result of an event of default triggered by the Reserve Bank of India's (RBI) 30-day moratorium, which prevents Yes Bank from making a full and timely payment to its senior creditor
Gold reserves jump 12% in two months; foreign exchange reserves at new all-time high
Rally in the foreign reserves has now continued for many weeks and it has surged more than 5% in the last two months.
Investment via P-notes rises marginally to Rs 67,281 crore at January-end
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly.
Nippon India Mutual Fund marks down its investment in Yes Bank to zero
The fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.
Investors poorer by Rs 3.85 lakh cr in market selloff
Shares of Yes Bank came under intense selling pressure as the session progressed on Friday and plunged nearly 85 per cent after the lender was placed under a 30-day moratorium.
Yes Bank moratorium: AMCs swing into action to safeguard investors
The Reserve Bank's action came after the Rana Kapoor-promoted bank failed to raise capital to address potential loan losses.
Moody’s says RBI’s Moratorium on Yes Bank credit negative
For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of State Bank of India (SBI).
Investors lose over Rs 4 lakh crore on market opening today, as Sensex tanks 1,435 points
The market capitalisation of BSE-listed firm at the end of trading stood at Rs Rs 147 lakh crore, however, when the markets opened on Friday morning the market capitalisation tanked in a matter of sec
Yes Bank Highlights: RBI unveils draft plan to save Yes Bank, SBI to infuse capital; Shares cut losses
Sensex, Nifty, Share Prices Highlights: Domestic markets ended the day deep in the red on Friday even though the shrug-off some losses. RBI unveils plan to save Yes Bank.
Equities eke out gains as investors assess virus impact
The Sensex, which was off to a positive start, had climbed 478 points intra-day, but lost momentum towards the end.
Union Bank, PNB release swap ratio ahead of merger
The other two anchor banks — Canara Bank and Indian Bank — are yet to disclose share swap ratio till the time of filing this copy.
Insurers prepare to launch virus products
Go Digit has already launched such a product two days ago, which is being offered under the regulator's sandbox product approval guidelines.
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Budget 2020
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
- Economic Survey 2020: Fudging food and fertiliser subsidy
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