Markets

Corporate borrowing costs fall despite rise in spreads

In addition, top rated non-banking financial companies (NBFCs) are also able to raise money cheaper even as spreads for the 10-year paper issued by these shadow banks have widened to 136 basis points

non banking financial company, NBFC, money cheaper, shadow bank, banking news, MCLR, RBI, Reserve Bank of India, market news

Tata Chemicals: India business delivered revenue growth

Tata Chemicals Magadi (TCML) revenue was down 4% to $73.8 million on account of a 15% decline in volume, partly offset by a 13% improvement in realisation.

Tata Chemical, India, business, revenue growth, Tata Chemicals Magadi, TCML, market news, Tata Chemicals North America, TCNA News

Federal Bank: Maintain ‘buy’ with increased TP of Rs 134

Core performance is largely steady, but volatility in asset quality remains a key concern. Besides, SA accretion (sub-10% y-o-y) is soft and improvement thereof is key.

Federal Bank, Federal Bank Q1, Federal Bank total income, Federal Bank share, Federal Bank nse, Federal Bank results, Federal Bank stock, Federal Bank news

Number of stocks with Mcap of Rs 1,000 crore or above slips to lowest since March 2017

About 72% of Nifty50 stocks are trading in the red since the announcement of the Union Budget for FY20, with stocks such as Titan, ONGC and NTPC losing anywhere between 10% and 14%

Number of stock, Mcap, market capitalisation, BSE Oil & Gas, BSE Telecom, BSE Energy, market news

Maharashtra grape growers to form federation of farmer producer companies for marketing

It is a fact that Maharashtra’s Nashik district recorded an all-time high export of 1.43 lakh tonne of grapes during the just concluded grape season. More than 1.50 lakh hectare in the district alon

Maharashtra, grape, grape grower, federation of farmer, grape production,Nashik,Sahyadri  News

Maharashtra: Tomato prices spike as supplies dry up

Maharashtra has been receiving supplies for the past month from Gujarat and Karnataka. The situation is similar in other states as well, he said, adding Uttar Pradesh and Bihar have received heavy rai

Maharashtra, Tomato prices hike, Tomato, prices hike, APMC, Nashik Agriculture Produce Market Committee News

ICAR prepares a 5-year road map to raise oilseeds productivity

Outlining the likely initiatives, ICAR’s director-general Trilochan Mohapatra said there were about 12-million hectare rice fallow which kept vacant after paddy harvest and 3-4 million hectare of th

ICAR, road map, oilseeds productivity, oilseeds sector, Indian Council of Agricultural Research, market news, commodity  News

Govt to launch sixth tranche of CPSE ETF on Jul 18; key things to know

In a bid to meet its disinvestment target, the government is planning to raise Rs 8,000 crore through the sixth tranche of CPSE ETF on Jul 18.

SIP,  SIP installment, KYC, Aadhaar number, education loan, loan, personal loan, savings News

India could tap London’s capital market when it raises first-ever international sovereign bond

The day-long event in the historic Mansion House in the heart of London's financial district included keynote addresses and a range of panel discussions around subjects of green infrastructure financi

According to official DIT data, India-UK bilateral trade is valued at more than 20.5 billion pound per year and grew at 14 per cent last year. (Representational Image) News

DHFL share price rise doesn’t outweigh fundamental risks; should you buy or sell the stock now?

DHFL shares have risen in the last two trading sessions, reversing a large part of the loss on Monday following the company’s weak quarterly results and dismal business outlook.

 DHFL, debt recast plan, Dewan Housing Finance Company, industry news, short term finance,DHFL share, DHFL news, DHFL stock price, DHFL nse, DHFL bse News

As govt bond yields fall, corporate debt remains unaffected; what’s holding up private bond yields?

Even as yields on 10-year government bonds fell to the lowest level since demonetisation in 2016, the corporate bonds have remained largely unaffected.

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

Government may cap overseas borrowing at $5 billion this year, says DBS report

The report further said even though there is speculation of the government raising up to USD 10 billion in the second half through this route, it feels the quantum is likely to be a smaller at USD 3-5

There can be a "strong" global demand for government paper in the current environment where negative yielding debt has expanded to USD 13-14 trillion (File photo) News

US-China trade war, monetary policy among biggest concerns of fund managers, reveals BofAML survey

Even as we continue to see major developments centering around the US-China dispute, concerns about a full blown trade war and and monetary policy impotence are among the biggest worries of fund manag

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

Federal Bank’s Apr-Jun profit grows 46% YoY; Should you buy or sell stock?

The shares of Federal Bank are trading lower on Wednesday after it reported 46.25% growth in its Apr-Jun profits on a yearly basis.

Federal Bank, Federal Bank Q1, Federal Bank total income, Federal Bank share, Federal Bank nse, Federal Bank results, Federal Bank stock, Federal Bank news

After Raghuram Rajan slammed Modi’s foreign bond plan, CEA Subramanian says will consider his points

Days after former RBI Governor Raghuram Rajan raised doubts over the government’s recently-proposed overseas debt plan, Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the points ra

Govt to take into account risks associated with sovereign bonds: CEA News

HDFC AMC shares hit fresh record high after strong Q1 results; should you buy or sell stock?

Shares of India's largest asset management firm HDFC AMC surged to fresh record high on Wednesday morning, after the firm reported robust earnings for the April-June quarter.

HDFC snaps up Apollo Munich Health for Rs 1,347 cr News

DCB Bank shares hit week’s low after its Q1FY20 earnings fell QoQ; Should you buy or sell stock?

After DCB Bank reported Apr-Jun results on Tuesday, the stocks of private lender bank fell significantly in the early trade on Wednesday.

Markets News

Share market highlights: Sensex ends 85 points up, Nifty near 11,700; Maruti Suzuki, Yes Bank among top losers

Share market highlights: The headline indices Sensex and Nifty closed higher on Wednesday afternoon, aided by a rally in tech and financial heavyweights. The Sensex ended 85 points up to 39,215.64.

Sensex, Sensex today, Sensex share, Sensex news, Tata Steel, NTPC , Bajaj Auto, HDFC Bank, Axis Bank, Hero MotoCorp, PowerGrid, Tata Motors, SBI, Yes Bank, Bharti Airtel, Maruti, HCL Tech, HUL, RIL News

Gold inches down as strong US retail sales lift dollar

Spot gold was down 0.1% at $1,405.26 per ounce, as of 0104 GMT.

Gold prices, US retail sales,  Spot gold, dollar, US gold futures News

Oil prices steady after falling to more than one-week lows

Iran denied it was willing to negotiate over its ballistic missile program, contradicting a claim by U.S. Secretary of State Mike Pompeo, and appearing to undercut Trump's statement that Washington ha

Oil price, US crude, Brent crude futures, oil futures, US iran tensions, global oil price News

Global markets: Asia shares slip, dollar gains as sterling slides

A surprisingly strong reading on U.S. retail sales released overnight had outweighed weakness in industrial production for the June quarter and boosted the dollar.

Global markets, Asian shares, Wall Street, oil prices, Asia Pacific shares, US retail sales, Nasdaq, Donald Trump News

Suzlon defaults on bond payments worth $172 million

In April, CARE Ratings had downgraded Suzlon Energy’s long- and short-term bank facilities worth a total Rs 16,185.46 crore to ‘D’ from ‘BB’, with a negative outlook on the borrowings.

Corporate bond, Corporate bond fund, Corporate bond market, Corporate bond fund sbi, Corporate bond market in india, PSU, PSB, banks, CARE Ratings, State Bank of India, Power Fin Corp, REC, HDFC, LIC Housing Finance,  News

Bajaj Consumer: Retain ‘buy’ with TP unchanged at Rs 400

Wholesale channel witnessed a sharper sequential slowdown. BaCo did no business in the Canteen Stores Department due to procedural issues in the channel.

Bajaj Consumer, bajaj consumer care, bajaj consumer share, bajaj consumer products, bajaj consumer care ltd, buy  News

ICICI Prudential Life: Maintain ‘buy’ with TP of Rs 475

During FY19, ULIP APE fell 2.7% y-o-y v/s an average 18% growth over FY17-19. Protection business, though, has grown at 62% y-o-y and its share in the total APE improved to 9.3%.

ICICI Prudential Life, buy, Markets, Markets news, IPru Life, APE growth, share market news

HDFC AMC profit jumps 4% in June quarter

The fee and commission expense for Q1 of this fiscal stood at Rs 11.36 crore, a drop of 86.5%, taking the total expenses to Rs 122.83 crore against Rs 206.55 crore in the corresponding previous quarte

HDFC, HDFC AMC, HDFC AMC profit,HDFC amc q1, June quarter, Asset Management Company, market news, share market, HDFC Mutual Fund, fmp News

Nomura raises Nifty target to 12,900 by March 2020

The fall of both the Sensex and Nifty indexes over the last one month has been majorly due to concerns over corporate earnings, general slowdown in economic growth, exports and also in consumption.

Nomura, Nifty target, Nift, share market, share market india, market news, NBFC, NBFC crisis News

Mindtree shareholders approve Rs 20 per share special dividend

At the end of June 2019, L&T had 60.06 per cent stake, while founders held about 13.3 per cent stake.

mindtree,l&t News
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