Saudi Aramco stock offering to launch November 17

Aramco is the world's most profitable company and last year posted USD 111.1 billion in net profit. In the first nine months of this year, Aramco's net profit dropped 18 per cent to USD 68.2 billion.

Saudi Aramco, stock offering, IPO, Aramco stock, market news

NHAI, NTPC, NHPC too hit by Moody’s cut; rating outlook cut on 7 sovereign-linked infra bond issuers

Moody’s on Friday affirmed the Baa2 issuer and foreign currency senior secured rating for NTPC and the (P)Baa2 senior secured medium term note (foreign) program rating, and revised the ratings outlo

Moody’s Investor Service, NHAI, NTPC, NHPC, masala bonds, GAIL, Power Grid Corporation News

Moody’s effect! Stock, bonds, rupee weak as sentiment worsens

Some economists chose to downplay the downgrade pointing out that concerns about slowing growth and a widening fiscal deficit were overdone.

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Maintain ‘buy’ on Sun Pharma, target price Rs 515

Emerging Markets (EM) sales were up 3% YoY at $201m (18% of sales).

Sun Pharma, Sun Pharma target price, Pola Pharma Japan, EBITDA, US market, Sun Pharma India sales News

Maintain ‘buy’ on UPL with price target of Rs 745

UPL mgmt is confident of achieving FY20e outlook at 8-10% sales, 16-20% EBITDA growth and debt reduction of Rs 3,150-3,500 crore.

UPL, UPL PPA, EBITDA, UPL mgmt, UPL consolidated gross, APAT News

Bank of Baroda posts Rs 737 crore profit on higher treasury income

The operating profit for the September quarter increased to Rs 5,336 crore, registering a growth of 23.2% Y-o-Y.

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Moody’s India ratings: Bond market gets nervous after change in outlook

Dealers indicated Friday’s news added to the negative sentiment in the bond market that is already reeling under fiscal deficit fears, excess supply of papers, and a lack of positive triggers.

Moody's India ratings, Bond market, Bond yields, RBI, global bond index News

Rupee hits a three-week low on Moody’s India ratings move

Manish Wadhawan, an independent fixed income and forex expert, indicated that the change in outlook by the ratings agency was partly responsible and acted as a catalyst to the decline in the rupee.

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Farm relief: Cotton output for 2019-20 estimated at 355 lakh bales

The annual balance sheet projected by the CAI has estimated total cotton supply till the end of the season at 403 lakh bales

Cotton output, CAI, Cotton output 2019-20, USDA, Imports of cotton, Cotton exports News

NSE CEO says investment in ETFs rises 50% in past one year

The share of equity ETFs in the passive funds stands at 95%.

NSE CEO, investment in ETF, Nifty50, NSE Indices, EPFO, Aditya Birla Sun Life AMC, Financial Market Summit News

Dr Reddy’s rating | Add — A muted performance in the quarter

FY20/21e EPS reduced by 17/8% owing to weak margin; TP revised to Rs 2,900; ‘Add’ maintained due to earnings outlook

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Escorts rating | Results were in line with estimates

FY21e EPS up ~5% due to higher tractor volumes; ‘Neutral’ retained with TP of Rs 700

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Sensex dives 330 points as Moody’s lowers India’s outlook to ‘negative’

Defensive stocks led the decline, with TCS, ITC, HUL and Infosys contributing more than half to the Sensex fall of 330 points.

Sensex, Moodys, BSE, Infosys, Nifty, economic growth, mutual funds, Indian equities, NSE, FMCG News

Sebi looking into the case of Infosys whistleblower: Chairman Ajay Tyagi

In my perception, the MF industry which has grown from Rs 11 lakh crore to Rs 25 lakh crore in five years because of trust, faith and self regulations by MFs.

Sebi, Infosys whistleblower, Chairman Ajay Tyagi, 10th Financial Markets Summit, Nandan Nilekani, SEC, MF industry News

PSU disinvestment could kick-start momentum in markets: Sebi chief

Sebi chairman Ajay Tyagi said at an event, “Around Rs 2-2.5 lakh crore has been raised in equity in the last two years. But it's largely through private placement, preferential allotment and some ri

PSU disinvestment, Sebi chief , IPO, Ajay Tyagi, IPO market, equity markets, capital markets News

Uday Kotak says passive funds biggest risk to expensive mutual funds

On the goal of India becoming a $5-trillion economy by 2024, Kotak said the country has moved a long way from the traditional banking model of “saver and borrower” to the market model of “issuer

Uday Kotak, Kotak Mahindra Bank, CII Financial Markets Summit, Mumbai, $5-trillion economy, passive funds, mutual funds News

RBI official says multiple regulators hurting bond market development

The need for a robust bond market has increased, thanks to the stressed balance-sheets of banks, M Rajeshwar Rao, an executive director at the central bank, said.

For long, the policymakers have been struggling to make corporate bonds a preferred fund-raising tool for India Inc but without much success. News

Sensex tanks 330 pts, Nifty below 12K as Moody’s cuts India credit outlook

Benchmark equity indices — Nifty and Sensex — ended the intraday trade on a negative note after the global rating agency Moody’s cut India’s credit rating outlook.

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Alibaba sets eyes on $15 billion Hong Kong listing, says report

The share sale by Asia's biggest company would also come as Hong Kong authorities battle months of sometimes violent protests that have dented the financial hub's economy and reputation.

alibaba, alibaba hong kong listing, hong kong, alibaba listing, jack ma News

MSCI adds IGL, Info Edge to its India Index; deletes Vodafone Idea, Yes Bank, BHEL

MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios.

MSCI, IGL, info edge, Vodafone india, yes bank, BHEL News

Oil slips on uncertainty over US-China trade deal, surging inventories

The trade war between the world's two biggest economies has slowed economic growth around the world and prompted analysts to lower forecasts for oil demand, raising concerns that a supply glut could d

Commodities News

Share Market Highlights: Sensex tanks over 300 points, Nifty settles near 11,900

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark equity indices -- Sensex and Nifty -- ended the intraday trade on a negative note.

sensex, bse, nse, share market live, nifty, moody's News

Stocks close in on record highs on US-China trade deal hopes

The pan-European STOXX 600 index has also pierced through its January 2018 peak to come within a striking distance of its record high set in April 2015.

Markets News

Bull run: Sensex scales yet another lifetime peak

The Sensex scaled yet another lifetime peak while the Nifty closed above the key 12,000-mark after five months as investors cheered the government's latest reforms push.

Bull run, Sensex, Nifty, US-China trade negotiations News

LIC invests Rs 2,500 crore in PNB Housing Finance via NCDs

The issuance of bonds having a tenure of 10 years is via private placement.

LIC, PNB Housing Finance, NCD, issuance of bonds, external commercial borrowings News

Stock corner: Maintain ‘buy’ on Infosys, target price at Rs 955

Nilekani said Infosys remains committed to practicing the highest level of corporate governance and its response to the recent whistleblower allegations adheres to the company’s policy.

Infosys, Nandan Nilekani, Salil Parekh, Infosys finance team, corporate governance, Infosys shares News

Stock corner: Upgrade Godrej Consumer to ‘add’, target price Rs 800

We believe that a potential turnaround here will require huge macro tailwinds and improvement in execution (just relaunched Darling brand and plans to introduce affordable products).

Stock corner, Godrej Consumer, Household Insecticides, EBITDA, India household Insecticides business News
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