China’s pain is India’s gain: Chemical stocks surge as specialty chemicals makers woo investors

Value of India’s speciality chemicals sector is likely to rise almost two-and-a-half times to $87 billion by March 2025.

Markets News

Share market HIGHLIGHTS: Sensex ends flat, Nifty at 11,841; Tata Motors gains 2.6 per cent

The Indian headline indices- Sensex and Nifty ended flat on Thursday. The major gainers on BSE are M&M, Tata Motors, Axis Bank and ONGC, while the leading losers are Tech Mahindra, Reliance Industries

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Gold steady as investors await US-China trade talks

Spot gold was mostly unchanged at $1,408.92 per ounce as of 0107 GMT.

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Oil prices fall as market awaits G20 summit, OPEC

Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data showing a larger-than-expected drawdown in crude stocks as exports hit a record high an

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Global markets: Asian shares going nowhere as G20 summit looms large

Trump also raised the possibility that he may impose a lower, 10% duty on a $300 billion list of Chinese imports, instead of the proposed 25% rate.

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NBFC crisis: Icra cuts Piramal Cap’s long-term rating to AA

The agency cut ratings of non-convertible debentures, subordinated (Tier-II) bonds, long-term funds-based limits and long-term loans to AA from AA+,amounting to Rs 20,867 crore.

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New UPI category waives MDR for small merchants

Merchants with expected inward UPI transactions worth up to Rs 50,000 per month will be eligible for acquisition under the P2PM category.

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NBFC troubles far from over; loans fall 31% in Q4

The total credit disbursed by NBFCs for the quarter ended March 2019 fell by nearly 31% year-on-year (y-o-y) to Rs 1.96 lakh crore.

loan,nbfc, mutual fund News

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the company does not have any outstanding amount against above rated debt instruments, hence, the ratings have been withdrawn.

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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.

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

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

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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

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