Icra downgrades Edelweiss Financial Services’ long-term NCDs

Edelweiss Financial Services in an exchange filing said that the company does not have any outstanding amount against above rated debt instruments, hence, the ratings have been withdrawn.

icra, Edelweiss Financial Services News

Analyst Corner: Maintain ‘buy’ for IndusInd Bank

IndusInd Bank (IIB) has got the final approval to merge Bharat Financial Inclusion (BFIL) with itself effective 4th July 2019 and is also likely to get additional capital from the promoters.

inusind bank, stock markets News

Jubilant Foodworks: ‘Buy’ with target price of Rs 1,600

JUBI has introduced the new store for-mat at three stores in Bengaluru

jubilant food works, stock markets News

Around 20-25 lakh hectares likely to come under HT Bt cotton cultivation

Government data reveals that 15% of the crop in the last season was HT Bt variety.

India, cotton, cotton export, kharif crop, industry, Khandesh Cotton Gin, Press Owners Association president News

Maharashtra farmer producer companies form federation for seed sale and production

Farmer Producer Companies (FPCs) in Maharashtra have decided to come together under a common umbrella to loosely form a federation to exclusively deal in sale of seeds from this kharif. The federation

agriculture sector, agriculture industry News

IndiaMART IPO subscribed 36 times on final day of bidding; key things to know

The public issue of IndiaMART InterMESH was subscribed by nearly 36 times on the last day of bidding Wednesday.

IndiaMart IPO, इंडियामार्ट के आईपीओ, इंडियामार्ट के आईपीओ में निवेश करें या नहीं, Do Subscribe IndiaMart IPO, IPO Market, Invest In IPO, IndiaMart Business News

Bitcoin climbs to 18-month high as Facebook’s Libra reignites interest among cryptocurrency investors

In an encouraging signal for cryptocurrencies, Bitcoin on Wednesday climbed to an 18-month high level as analysts attribute the rise to the launch of Facebook’s Libra.

Bitcoin, cryptocurrency investment, KR1 Plc, Facebook Inc, Facebook Inc libra, blockchain technology, Bitstamp News

Will gold prices rally last? This is what may break Gold’s winning streak

The US-China trade conflict, geopolitical tensions in the Middle East, uncertainty around Brexit along with global growth concerns have been supporting the gold prices of late.

Gold prices, Middle East tensions, Asian trade, United States, Iran, US iran trade tension, global trade tensions, donal dtrump, G20 summit, beijing News

Govt can raise Rs 95,000 crore from infrastructure bonds to boost growth: BofA

Adjusted for savings on money flowing from the fixed deposit of the public to the SPV, the actual loss is just Rs 4,700 crore, which "can surely be fiscalised", they explained.

The funds raised thus can flow out of fixed deposit to the SPV if the public buys the bonds, it said, adding this will not have an impact on bank deposits or credit growth. (Representational image) News

As stock markets trade higher, this analyst tells investors what to do going ahead

Even as the markets are trading at record levels, the rally is being led by limited stocks, said a market analyst.

Sensex, Nifty slip, sensex highs, RBI monetary policy, sensex Selling pressure, Nifty, RBI, Monetary Policy Committee, Shaktikanta Das, rbi policy rate, Inflation, oil News

Petrol, Diesel prices remain unchanged for the second consecutive day; Check prices in Delhi

State-run oil marketing companies keep the petrol and diesel prices unchanged for the second consecutive day on Wednesday across major cities in India.

Commodities News

Share market HIGHLIGHTS: Sensex gains 157 points, Nifty ends at 11,847; Infosys major loser

The Indian headline indices- Sensex and Nifty ended higher after a lower start in the morning amid weak global cues. Infosys was the biggest loser.

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Gold off six-year peak as dollar rises after Fed comments

Spot gold was down 0.6% at $1,415.01 per ounce as of 0122 GMT, after hitting its highest since May, 2013 at $1,438.63 in the previous session.

Gold prices, US gold futures, Jerome Powell, Spot gold, Donald Trump, Xi Jinping, SPDR Gold Trust News

Oil prices climb amid fall in US stockpiles, Middle East worries

Analysts said the moves were mainly driven by American Petroleum Institute (API) data showing a fall in U.S. crude inventories.

China, US sanction, Iranian oil exports, oil import, Tehran,  Xi Jinping, Donald Trump, Russia, china us trade war, economy news

Global markets: Asia stocks slip after Fed tempers aggressive rate cut expectations

Separately, St. Louis Fed President James Bullard told Bloomberg Television he does not think the U.S. economy is dire enough to warrant a 50-basis-point cut in July, even though he pushed to lower ra

Global markets, Asian stocks, Jerome Powell, Federal Reserve, Wall Street shares, MSCI, Nikkei, G20 summit, Asia-Pacific shares News

Banks’ gross NPAs to shrink to 8% by March 2020

Reduction in fresh accretions to NPAs, higher recoveries from existing stressed assets under IBC and pick-up in credit growth should help.

npa, insolvency and bankruptcy code News

DHFL fails to make payment of commercial paper dues worth Rs 225 crore

Fixed income mutual funds holding in commercial papers (CPs) of DHFL worth over Rs 140 crore will mature on Tuesday.

cricil, care, dhfl News

Tata Steel: ‘Sell’ with target price of Rs 411 per share

Tata Steel has entered into a long-term build-own-operate (BOO) agreement with Aarti Green Tech Limited.

Markets News

LPC debt could rise on JB Chemicals acquisition

The prominent deals include Torrent Pharma’s acquisition of Unichem and Elder Pharma brands in India, acquisition of UCB’s brands by Dr Reddy’s and acquisition of Stride Pharma’s brand by Eris

lp News

Bitter Pill: Sugar yield likely to fall next season over drought fears

The domestic sugar output in SY2020 is likely to decline from 32.9 mt in SY2019, says Icra report.

sugar, sugar industry News

Maharashtra orange farmers in grip of drought as nearly 40-60% crop dries up

Nearly 40-60% of the orange orchards in the Vidarbha region have gone completely dry.

orange, irange farmers News

Maharashtra govt begins crackdown on farmers planting HT Bt cotton

The cases have been filed under IPC sections that deal with cheating and dishonesty, being a member of an unlawful assembly, obstructing a public servant from discharging public function and disobedie

agriculture sector, agriculture industry, maharashtra, maharashtra government News

Bring paper on negative list, local mills urge Nirmala Sitharaman

Although India has sufficient paper production capacities, imports of paper and paperboard into India are leapfrogging in recent years.

Nirmala Sitharaman, finance minister nirmala sitharman, paper industry News

ZEE Entertainment stock ends in green after related-party disclosure

Shares of Zee Entertainment Enterprises on Tuesday ended with marginal gains after witnessing a volatile trading session. On Monday, the company had announced disclosures of related party transactions

zee, zee shares News

IndiaMART IPO fully subscribed on day 2; all you need to know

The public issue of IndiaMART InterMESH was fully subscribed on the second day of bidding Tuesday.

IPO, Primary market, IPO 2019, IPO Market, Blockbuster IPO, Hit IPO, RVNL, Polycab India, Choose Good IPO News

Hero to Zero stocks: 9 popular stocks which lost up to 99% value

Even as the benchmark equity indices currently trade around record highs, there are plenty of stocks which caught investor fancy in their heyday, but have since fallen to almost a tenth of their peak

sensex, bse, nse, equities, BSE Sensex, share trade, foreign fund inflow, stock market News

Gold prices in India at all time high, should you buy or is yellow metal headed for correction?

Gold prices in India hit an all-time high today amid geopolitical tensions in the Middle East and trade conflict between the US and China.

Gold prices, Middle East tensions, Asian trade, United States, Iran, US iran trade tension, global trade tensions, donal dtrump, G20 summit, beijing News
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