Archive for January, 2018
01/30/2018
Nearly 90 per cent people in India believe they and their colleagues at workplaces should be fully vaccinated against COVID-19, while 93 per cent agree they should wear mask when in public places or in proximity with others, a global WEF survey showed on Thursday. The percentage of Indian respondents agreeing to such measures is
01/30/2018
The initial public offer of Aditya Birla Sun Life AMC Limited received 56 per cent the subscription on the first day on Wednesday. The initial share sale received bids for 1,54,80,400 shares against 2,77,99,200 shares on offer, according to data available with the NSE. The Retail Individual Investors (RIIs) category was fully subscribed (1.09 times)
01/30/2018
On steady track: We hosted the management of Jindal Stainless (JSL). Management clarified the company Expansion from 1.9mtpa to 2.9mtpa stays on track. Existing capacity will lead to 15-20% volume growth in FY22. Management pointed at its continued focus on deleveraging and guided for start of dividend payout as merger between JSL and Jindal Stainless
01/30/2018
Domestic equity markets soared higher on Wednesday as both the headline indices touched new all-time highs. SP BSE Sensex zoomed 0.75% to end the day at 60,737 while the NSE Nifty 50 index closed 0.94% higher at 18,161. Broader markets, except select, smallcap indices closed with gains. Entering the day weekly Futures and Options trading
01/30/2018
World stocks paused near six-week highs on Monday as investors girded for the busiest week of third quarter earnings in the backdrop of slowing growth, with widening inflation risks from multi-year-high crude oil prices weighing on sentiment. Risky assets have staged a comeback in recent weeks after a torrid September as investors shunned bonds. Allocations
01/30/2018
Capital markets regulator Sebi is likely to allow foreign portfolio investors (FPIs) to participate in exchange-traded commodity derivatives. The move will deepen the commodities market further. Currently, eligible foreign entities (EFE) are allowed to participate in the commodity markets. Narinder Wadhwa, President at Commodity Participants Association of India (CPAI), on Wednesday said FPIs may be
01/30/2018
The situation at the China-India border is generally stable and both sides are maintaining dialogue and communication through diplomatic and military channels to ease the border situation following the standoff at eastern Ladakh, the Chinese Foreign Ministry said on Tuesday. Chinese Foreign Ministry spokesman Zhao Lijian made the remarks while responding to a question on
01/30/2018
By Shrikant Chouhan The benchmark indices witnessed a sharp pullback rally as the Nifty 50 ended 156 points higher while the BSE Sensex was up by 497 points. Among sectors, all major sectoral Indices traded in the green but the metal index gained the most, rallying over 3 per cent. Technically, on daily charts, the
01/23/2018
Prime Minister Narendra Modi said on Friday that as the worlds largest democracy, India stands ready to work with its partners to strengthen democratic values globally, including in multilateral fora. He tweeted the remarks a day after participating in the Summit for Democracy hosted by US President Joe Biden. Happy to have participated in the
01/23/2018
Cars are getting smarter by the day. A modern car can offer several tech features such as connectivity, entertainment, and at times, even a personal assistant. The MG Astor was the first vehicle to feature a PA, however, other carmakers are looking at possibilities. This has opened up a path for automotive component manufacturers to
