Pages

Thursday, December 12, 2019

Today's Market News-12 December

1. Qatar Investment Authority has agreed to buy a 25.1% stake in Adani Electricity Mumbai for ₹3200 cr.

2. ADB cuts India's growth outlook to 5.1% for FY19 and 6.5% to FY20

3. Cabinet has approved a facility for the National Highway Authority of India(NHAI) to monetize publicly funded highway projects through the investment trusts(InvITs) route.

4. US imposed new sanctions on Iran.

5. Nissan India hikes price by upto 5% & Mercedes Benz India hikes prices by upto 3%

6. Piramal group and IIFL Wealth Management announced that they will invest in an Alternate Investment Fund(AIF) platform to fund select advance stage or last-mile real estate projects in Tire-1 cites.

7. Nippon Express acquired 22% stake in Future Group company Future Supply -Chain Solutions for over ₹700 cr.

8. NBFC growth hits decadal low of 6-8% in FY20-Crisil report

9. GST anti-profiteering authority slaps ₹90 cr penalty on Nestle.

Wednesday, December 11, 2019

Today's Market News-11 Dec

1. SBI said that it posted a net loss of ₹6968 Cr in FY19 and not a net profit of ₹862 Cr. RBI had spotted a large divergence of ₹11932 cr in its Gross Non-performing assets.Gross NPA stood at ₹1.84 cr(by RBI assessment) against bank's reported ₹1.72Cr.

2. Steel demand down 1.8% in Oct-Nov.

3. Bharati Airtel has sought share holders' approval for raising $2 billion in equity and $1 billion in debt to pay the statutory dues.

4. Direct tax collection for April-November grew just1.6% against required rate of 17.4% to achieve the budget estimate of ₹ 13.35 lakh crore for the current fiscal.

5. Aadhaar is mandatory for availing the benefits of PM-KISAN form. Aadhaar must be linked to the beneficiary bank account.

6. Hundai India is going to increase the prices from January.

7. Bharati Infratel declares second interm dividend pf ₹2.75 per share. December  20 is the record date.

8. Vishal Sikka joins Oracle's board of directors.

9. Tata Motors global sales down 15% in November.

10. IIT-M and Sterlite Tech join hands for 5G R&D.

11. Food Corporation Of India (FCI) raised ₹8000 cr through issur of bonds.

12. Bank Of Baroda lowers MCLR by upto 20 bps.

13. IDBI sell upto 49% stake in its subsidiaries IDBI Capital Markets& Securities (ICMS)  and IDBI Intech(IIL).

14. Domestic oil output down 6.1% Y-O-Y in November and Gas production falls 6.2 %.

15. Reliance Industries and Abu Dhabi National Oil Company (ADNOC) signed an agreement for development of chemical facility.

16. Rajasthan plans to impose cess on all the existing and future solar power projects in the state at the rate of ₹2.5 lakh and ₹5 lakh per megawatt (MW)

Tuesday, December 10, 2019

Today's market news-10 December

1. Equity mutual fund schemes have recorded ₹1311 cr  net inflows for this november,which is 78% less compared to preceding month. Asset Under Management (AUM) for the industry soared to a record high of ₹27 trillion which was due to ₹50000 cr of net inflows  un debt schemes.

2. Hero Motocorp is going to hike the price of its motorcycles ans scotters from January 1. The price of the product will be raised upto ₹2000.

3. State Bank of India(SBI) &Bank of India (BOI) have cut their Marginal cost of Fund-bases lending rate(MCLR) by 10 bps and 20 bps respectively,for loans with one year tenure effective Tuesday.

4. CGST collection fell short of the budget estimation by nearly 40% during the April-November period of 2019-20. Actual CGST collection was ₹3.28 trillion against estimated ₹5.26 trillion for the April-November.

5. India ranked 129 out of 189 countries on the 2019 Human Devet Index(HDI), released bu United Nations Development Programme. Norway holds the first position.

6. Jaguar and Land Rover's international retail sails declined 3.4 % YOY to 46542 unites in November.

7. Vistara signs codeshare pact with German airline Lufthansa .

8. Tata Sons infused ₹237.8 cr and AirAsia injected ₹228cr into AirAsia India.Tata sons has 51% stake and Malaysa based AirAsia Berhad holds 49% stake in AirAsia India.

9. Bank od Baroda board approves divestment of 10% in UTI AMC through IPO. SBI has already decided to divest around 8.25% stake in UTI AMC.

10. HDFC LIFE launches Sanchay Par Advantage,a non linked participating life insurance plan.

11. Govt further caps onion stock limit to 2 Tn to curb inflation.Last week Govt has reduced the atock holding limit for retailers 5 tns from 10 tns.