Archive for September, 2020
09/29/2020
By It appears as if these empires were erected on a plinth of quicksand and the burden of borrowing became too heavy. Many of these groups have not been under the scanner of non compliance of the legislative and regulatory framework; it would appear that governance was duly observed, albeit in A cursory glance at
09/29/2020
Key takeaways: The recent DHFL deal helps Piramal rebalance its portfolio and offer a strong growth platform in housing. Favourable property cycle, strong growth in retail and recoveries from DHFLs marked down book should drive 14% profit CAGR in lending business over FY22-24e. In Pharma, CDMO projects hospital generics recovery should drive 29% Ebitda CAGR
09/29/2020
Tesla Chief Elon Musk has said that he will pay over $11 billion in taxes this year, out of his entire net worth of $245 billion. Elon Musk on Sunday tweeted, The unusually high levy comes after Musk exercised nearly 15 million options and sold millions of shares to cover the taxes on gains of
09/29/2020
South Africa captain Dean Elgar feels the Indian pace attack has improved immensely, especially in overseas, and Jasprit Bumrah is best placed to exploit the spicy conditions in the rainbow nation. India, who lost the series 1-2 back in 2018, are primed for their maiden Test series win in South Africa. The home team also
09/22/2020
Delhi on Thursday recorded zero death due to COVID-19 and 55 fresh cases with a positivity rate of 0.09 per cent, according to data shared by the city health department. The number of cumulative cases stood at 14,41,569. According to the health department, more than 14.16 lakh patients have recovered from the infection. The death
09/22/2020
Even as the MPC revised its inflation and growth forecasts lower, it sounded cautious on upside risks to inflation. However, the policy action seemed to be hinged on economic growth concerns. There is still some room for the RBI to cut repo rate in 1HFY20, possibly in August rather than June as the MPC watches
09/22/2020
Asian shares rallied on Thursday, taking heart from a late recovery on Wall Street after U.S. politicans appeared near to a temporary deal to avert a federal debt default and as Russia reassured Europe on gas supplies, calming volatile markets. Oil prices also dropped back from multi-year highs hit a day earlier, having been a
09/22/2020
The Securities and Exchange Board of India (Sebi) on Tuesday took a slew of decisions easing the criteria for superior voting rights (SR), amending rules on related party transactions as also on the delisting framework. Sebi decided to relax the eligibility requirements related to SR Shares framework. An SR shareholder, as an individual, should not
This Post Office scheme lets you double your money – Check interest rate, features, withdrawal rules
09/22/2020
The post office offers various types of deposit schemes, which are quite popular among investors. It is mostly because they are guaranteed – backed up by the government. Some of these schemes, also come with tax benefits under section 80C of the Income-tax Act, hence, many investors prefer having these schemes in their portfolio. The
09/22/2020
There was slight respite from cold wave in Kashmir but the minimum temperature settled several degrees below the freezing point across the valley, officials said on Tuesday. Srinagar recorded a low of minus 2.6 degrees Celsius on Monday night, up by nearly one degree from the previous nights minus 3.5 degrees Celsius. Gulmarg resort in
