Market News
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FY19 yields better returns for newly-listed PSUs than FY18
Bharadwaj Sharma | September 21, 2018 1:29 AMEven as the central government achieved its disinvestment target in financial year 2017-18, several public sector stocks which got listed in that year are currently trading below their issue prices.
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E-NAM starts logistical support for trading outside mandis
FE Bureau | September 21, 2018 12:27 AMThe government-promoted electronic-National Agriculture Market (e-NAM) has entered another phase with the launch of pilot project giving logistical support to trading outside mandis.
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Maharashtra mills seek mandatory raw sugar production
Nanda Kasabe | September 21, 2018 12:23 AMIn a representation to Subhash Deshmukh, Maharashtra minister for cooperation, BB Thombre, president, WISMA pointed out that during the last three years, prices of both whites and raws have been falling in the global market.
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Giving credit to one who cannot repay will create misery for all, says head of capital markets of Home Credit BV
Saikat Neogi | September 21, 2018 12:16 AMHome Credit India, a non-banking financial company, focuses on small-ticket loans for purchase of mobile phones, home appliances, etc., primarily to people with little or no credit history.
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‘Corporate bond issuances likely to shoot up after Sebi move’
FE Bureau | September 21, 2018 12:15 AMThe Sebi framework says large corporates have to raise 25% of their incremental borrowings for a year through corporate bonds.
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Sebi to levy Rs 1 lakh per exchange on turnover from agri-commodity derivatives
PTI | September 20, 2018 5:56 PMMarkets watchdog Sebi will levy a nominal regulatory fee of Rs 1 lakh per exchange on turnover arising from agricultural commodity derivatives, instead of levying charges based on turnover slab rates, a move that is expected to benefit farmers.
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SEBI’s fee cut impact: Mutual fund companies to feel the pain as inflows, revenue may shrink
FE Online | September 20, 2018 4:54 PMMutual funds: According to analysts, the revised tax expense ratio (TER) slab structure for mutual funds will slow down flows and also reduce earnings of AMCs by around 20%.
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Rupee likely to remain under pressure in near term, says Dun & Bradstreet
PTI | September 20, 2018 3:57 PMThe rupee has logged year-to-date losses of more than 13 per cent against the strengthening US dollar after trade concerns and firming up crude oil prices. It has dropped close to 6 per cent since August.
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Even as RBI curtails CEO Rana Kapoor’s term, Moody’s affirms Yes Bank’s ratings; outlook stable
PTI | September 20, 2018 2:52 PMMoody’s Investors Service Thursday affirmed the ratings of Yes Bank, a day after RBI curtailed term of the midsize private lender’s promoter chief executive Rana Kapoor.
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Fitch Ratings revises Tata Motors’ outlook to ‘negative’; here’s why
PTI | September 20, 2018 2:42 PMIn a statement, Fitch said it has affirmed its long-term issuer default rating of ‘BB+’ to Tata Motors.
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New FPI norms: What did panel recommend and why is SEBI keen to amend KYC norms
FE Online | September 20, 2018 1:29 PMThe move to amend the KYC norms for FPIs is primarily to curb money laundering and round tripping of funds, especially if the investment is routed through a high-risk jurisdiction – typically countries with a known history of funding terrorism activities or money laundering.
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Hotel Leela defaults on NCD interest payment to LIC; sale of hotels, equity infusion on cards
PTI | September 20, 2018 1:08 PMCash-strapped hospitality chain Hotel Leelaventure has defaulted in payment of quarterly interest of Rs 2.12 crore to Life Insurance Corporation of India (LIC).
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This Canadian stock doubles in just 3 days, and you won’t believe what it makes
FE Online | September 20, 2018 12:45 PMTilray share price: The stock soared nearly 90% intra-day, taking the market capitalisation of the company to as high as $28 billion.
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Indian stock, currency, and commodities markets closed today for Muharram
FE Online | September 20, 2018 10:22 AMTrading will resume in the Indian stock, currency, and commodities markets tomorrow, Friday.
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$60 million in virtual currency hacked in Japan
AFP | September 20, 2018 9:47 AMDigital currency worth around 6.7 billion yen (USD 60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday.
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Petrol prices hiked to fresh record highs to Rs 89.60 in Mumbai; check revised rates in metros
FE Online | September 20, 2018 9:45 AMAfter a pause yesterday, petrol prices were hiked to fresh record high levels in metros on Thursday. In financial capital Mumbai, one litre of petrol was hiked to Rs 89.60.
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Import curbs: Fresh push to gold schemes likely
Banikinkar Pattanayak | September 20, 2018 6:19 AMThe government is considering a multi-pronged approach to trim gold imports, which includes plans to make the monetisation scheme more attractive.
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Price support for pulses: Traders eye 40% windfall as govt sells in the depressed market
FE Bureau | September 20, 2018 6:23 AMNafed offloads old stocks of lentils at 15-20% losses, to purchase kharif 2018 crop shortly at much higher MSPs.
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RBI move: Easier ECB norms may boost capital inflows
FE Bureau | September 20, 2018 5:53 AMThe Reserve Bank on Wednesday relaxed external commercial borrowing (ECB) norms for a certain category of firms and allowed Indian banks to market rupee-denominated (masala) bonds.
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Dinesh Engineers planning to raise Rs 185 crore through IPO
FE Bureau | September 20, 2018 3:07 AMPassive communication infrastructure provider Dinesh Engineers is planning to raise around Rs 185 crore through an Initial Public Offering (IPO).
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AMCs shares sink up to 11% after MF fee cut
FE Bureau | September 20, 2018 2:17 AMShares of asset management companies (AMCs) ended with sharp losses of up to 11.3% on Wednesday after markets regulator Sebi decided to slash the charges levied on investors by mutual funds.
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Maharashtra may hike IMFL duty so as to cut taxes on petrol, diesel: Official
PTI | September 19, 2018 10:52 PMThe Maharashtra government is considering increasing excise duty on Indian-made foreign liquor (IMFL), so as to create some fiscal space for slashing the tax on petrol and diesel, an official said Wednesday.
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Rupee’s best single-day gain since March: Indian currency rebounds 61 paise to close at 72.37 vs dollar
PTI | September 19, 2018 7:34 PMThe rupee Wednesday rebounded by 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets.
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In 3 days, whopping Rs 3.62 lakh crore of investor wealth wiped out; BSE Sensex nears 2-month low
PTI | September 19, 2018 6:40 PMAs the market rout continued for the third straight session Wednesday, investor wealth eroded by Rs 3.62 lakh crore in three trading days.
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SBI to raise $500 million in maiden green bond sale
PTI | September 19, 2018 5:25 PMThe country’s largest lender State Bank is in the international bond market to raise nearly USD 500 million in green bonds, making it the maiden issuance for the lender.
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Fuel prices ‘very high’ and ‘hurting the public’, even Nitin Gadkari admits
FE Online | September 19, 2018 5:09 PMAs the petrol price is nearing the Rs 90 per litre-mark in Mumbai, Nitin Gadkari at an event said that high fuel prices are causing problems for people.
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This is the world’s most disappointing stock
Bloomberg | September 19, 2018 3:46 PMFor the most disappointing stock trade in the world this year, step forward Tencent Holdings Ltd.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
