Tuesday, August 31, 2021

Business badly hit, Sivakasi, home of fireworks, is losing its spark

The pandemic, muted festivals and pollution concerns may slash sales by half

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P2P lending is for those with a high risk appetite, say analysts

Limit lending amount and diversify among borrowers

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Hottest cryptocurrencies are alternatives to Bitcoin and Ether

Cardano has doubled this month, becoming the third-largest digital asset. Binance Coin is also up. A token named Avalanche has tripled in August

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30 kph max: Paris shrinks speed limit to protect climate

It's the latest initiative by a city trying to burnish its climate credentials and transform people's relationship to their vehicles

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Afghan crisis: Rockets target US troops as core diplomats fly out of Kabul

The last US troops are due to pull out of Kabul by Tuesday, after they and their allies mounted the biggest air evacuation in history, bringing out 114,000 of their own citizens and Afghans

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China tightens scrutiny on $9.3 trillion fund industry: Report

Fund managers should align their interests more closely with investors, and refrain from hyping their products, Yi Huiman, chairman of the China Securities Regulatory Commission said

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New South Korea law likely to test Apple, Google duopoly: Report

The Telecommunications Business Act would mandate giving users a free choice of app payment providers

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Tata, Adani plants may get to sell on power exchanges amid coal crisis

The ministry is pursuing these five states to allow the two units to sell in the spot market on the power exchanges

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Tariff hike only way; we won't shy away: Bharti Airtel's Sunil Mittal

The company stock reacted positively on Monday, ending 4.44 per cent up at Rs 620.35 on BSE

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NTPC plans to ramp up coal supply as shortage hits thermal units

NTPC said the company was augmenting its imported coal capacity of 2.7 million tonne, which was drawn from its earlier contracts

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Insurers receive 1.42-million Covid-related claims in FY22, shows data

According to General Insurance Council data, in FY22, as of August 27, they have received more than 1.42 million claims, worth Rs 15,956 crore

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Sticky, low consumer sentiments could spoil recovery

The persistence of poor consumer sentiments has ramifications on the sustainability of India's recovery from the sharp fall in 2020-21

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Upgrad doubles learners base in eight months, crosses 2-million mark

The pandemic-driven work-from-home and the resultant demand for upskilling/reskilling have helped higher education major Upgrad, which recently turned a unicorn with a valuation of USD 1.2 billion, double the learners base on its platform in just eight months, crossing the 2-million mark. During the first wave of the pandemic, the platform had doubled its customer base to 1 million in ten months (by January 2021) and had set a target of crossing the 2-million mark in 18 months since then, but it achieved the same in just eight months. By crossing 2 million learners base as of today, Upgrad has become the largest online higher education platform in the country, co-founder and chairman Ronnie Screwvala told PTI on Monday. The company, in which investors such as Temasek, the IFC and IIFL collectively own close to 30 per cent, said the faster growth has been propelled by its strategic merger and acquisitions (M&As) as well and includes international learners driven by the brand's ...

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Maruti Suzuki to hike prices across models from Sept; stock rises 2.9%

The hike could be steeper than last three rounds, pushed by an exponential increase in prices of raw materials such as steel and copper, analysts said

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Back to square one

Banning Chinese apps has proved to be ineffective

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Making NMP work

Dysfunctional govt-pvt sector relations must be repaired

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Pakistan's lines of control

The book encourages readers to consider how Pakistan's unilateral measures in PoK have always resulted in painful consequences for India

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Getting finance onside for climate

The climate crisis demands enormous economic and societal changes

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Key priorities for employment policy

Measures that generate income for the poor are more important than tweaking the applicability threshold for labour laws

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Why investors should be wary of the 'Unlock' trade: Let's look at the logic

Consumption growth could be disappointing and stock prices have run up fast

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Streamline investment for insurance, pension funds in InvITs: NITI Aayog

A staggered approach should be followed for streamlining of investment guidelines and limits to keep pace with the growth in the InvIT market, it suggested

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60-65 small- to mid-sized companies on I-T radar for TDS mismatch

These companies had reported healthy advance tax payments

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RBI issues direction on compensation of private banks' top officials

RBI said fair value of the share-linked incentives paid to officials by the private banks should be recognised as an expense during the relevant accounting period

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Monday, August 30, 2021

Rs 1.42-trillion tied grant to villages for water, sanitation: 15th FC

Tied grant 60% of total Rs 2.37 trn allocated to rural local bodies

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One stuck box of fertiliser shows the global supply chain crisis

From the US to Sudan to China, container boxes have been lying at ports, railyards and in warehouses as the pandemic rages on

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Uber wait annoys UK passengers after drivers quit in droves: Report

Customers have complained on social media about longer wait times and higher fares during peak hours as the lack of drivers triggers surge pricing

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US in final phase of evacuations from Kabul; Taliban seize 3 airport gates

"The whole airport is slowly coming under the control of the Taliban," Enhamullah Samangani, a member of the group's Cultural Commission, said by telephone

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Afghan crisis: US drone strikes vehicle with 'bombers' on way to airport

US President warns second Kabul airport terror attack likely in hours

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China's Sinopec posts $6 bn profit on rebounding oil prices, better demand

Revenue in the first six months rose 22.1% from last year's low base to 1.26 trillion yuan, following a recovery in global oil prices and robust demand for fuel and petrochemical products

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PayU aims to provide full-stack financial services to its customers

So far, the company has disbursed about $300 million in credit and it now wants to add new products

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Eye on India's IPO map: MapMyIndia plans to go public, raise Rs 1,200 crore

India's first home-grown mapping company is looking to list in the public market at a Rs 6,000-crore valuation

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Pre-pack resolution route needs incentives

Given that most MSMEs are informally organised, they may be averse to an insolvency resolution mechanism which displaces their founders

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Anjali Bansal named president of Bombay Chambers of Commerce

Bansal will take over from Sudhir Kapadia

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Time to bury Mudra 'loan mela'

The loan mela called Mudra was a populist and political move to give away money

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Expect a time-wise, as well as price correction: Jyotivardhan Jaipuria

The founder & managing director of Valentis Advisors says the firm expect a time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months

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A precarious pragmatism

Without the road map that an economic ideology provides, govt's search for practical ways out of specific problems has led it to appear erratic and inconsistent

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Preserve competition

Duopoly in telecom will hurt both consumers and govt

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No taper tantrum

India must address risks to financial stability

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Nippon India Money Market Fund: An outperformer with conservative style

The fund featured in the top 30 percentile of the money market funds category in CRISIL Mutual Fund Ranking (CMFR) for 10 consecutive quarters ended June 2021

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From Mindtree to Tech Mahindra, IT tops sectoral charts in August

Mindtree is the top performer among IT firms for the month with returns of 27.2 per cent, followed by Nelco and Tech Mahindra

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Street signs: Nifty eyes 17k-mark, poultry and aqua stocks may gain & more

The Nifty50 concluded the August expiry series with gains of 5.4 per cent; it has made higher highs and shallower lows for the last four weeks

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Covid-19 pandemic: First dose-seekers helped drive record vaccination

Business Standard looked at the top five states contributing the most to the record

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Domestic mutual funds remain strong buyers; FPI flows back in black

Domestic investors may lend support to markets in the event of any intermittent correction, say experts

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Gujarat job claims: It is Vijay Rupani's data vs Legislative Assembly data

Gujarat CM said the state government had provided more than 200,000 government jobs but responses given in the Legislative Assembly for the period of 2016-2020 say otherwise

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Repair, not replace, vehicle under warranty

The National Commission observed there was no evidence to establish an inherent manufacturing defect, so the State Commission was justified in not ordering a refund

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The liquidity conundrum

Only credit growth can help banks to get out of this liquidity drag. That can happen when growth is secured (and not through loan melas)

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Sunday, August 29, 2021

Saturday, August 28, 2021

Toyota halts self-driving e-Palette vehicles after Olympic village accident

In a YouTube video, Toyota Chief Executive Akio Toyoda apologized for the incident and said he offered to meet the person but was unable to do so

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Building blocks in place for L&T stock to outperform

Improving balance sheet, likely rise in order flows and attractive valuations are among key positives

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Samyukt Kisan Morcha calls for 'Bharat Bandh' on September 25

The SKM said the move is aimed at further strengthening and expanding the farmers' agitation which began in November last year

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Give me freedom or face consequences, says Navjot Singh Sidhu

Sidhu said he didn't want to remain just a "show horse"

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Ami Organics prices IPO at Rs 603-610 per share: Check details here

The IPO will open on September 1 and conclude on September 3

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Patchy rains impact sowing of kharif crops and reservoir levels

Erratic rains have impacted sowing of kharif crops and unless the monsoon revives quickly, it could have an impact on the final yields, particularly of the crops that were sown late

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Poor monsoon likely to hurt India oilseed, cotton output, says NCML

Oilseed and cotton will see a drop in production as weaker rains have reduced their sowing areas

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MCA is working to issue code of conduct for creditors under IBC: Verma

This comes a month after a Parliamentary panel flagged the "disproportionately large and unsustainable 'haircuts' taken by the financial creditors over the years"

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Hindustan Aeronautics may fly higher on GE deal, F&O inclusion

Rallies 29% in 7 days; analysts say firm well placed to execute order book

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'Told my leader everything,' says Chhattisgarh CM amid leadership tussle

Chhattisgarh Chief Minister Bhupesh Baghel on Friday had an over three-hour meeting with Rahul Gandhi at the latter's residence

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Sensex closes above 56,000 for the first time; Nifty scales 16,700

The broader NSE Nifty gained 68.30 points, or 0.41 per cent, to finish at a record 16,705.20

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Covid-19 pandemic: At 10 million, India administers most doses in a day

If this pace is maintained it could enable the vaccination of the entire adult population by the end of year

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FM promises Rs 1300 cr development package for Tripura tribal areas

Sitharaman said the Rs 1300-crore project with World Bank funding would ensure an all-round development in the Tribal areas

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The schizophrenic BJP government

The paradox is that BJP's economic policies have been the opposite of its non-economic policies.

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Choosing to remember

Memorialising in order to prevent history from repeating itself sounds like an honourable intention, but the nature of memory is fraught with chaos

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Cryptos: The only adult in the room

The OnlyFans saga has led to sex-workers looking at Rs currency as an alternative

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$1.2-bn arbitral award: US court sets timelines for Cairn-India lawsuit

A federal court in Washington has set timelines for responses to be filed to an Indian government petition seeking dismissal of a suit by Britain's Cairn Energy

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Reply to pleas by Facebook, WhatsApp against IT rules: HC to Centre

The pleas have challenged the new rules on the grounds that they violate the right to privacy and are unconstitutional

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Industry body Nasscom seeks govt help for super innovation units

Of the 500-600 companies present in the Indian ER&D space, 45-50% are engineering service providers, and 55-60% are MNCs and global contact centres

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Tea with BS: Anita Dongre puts sustainability at the core of her creations

Not one to be daunted, Dongre says she still went ahead and launched multiple col­lections that were in planning pre-Covid

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Breaking out of 'zenana' medicine

The author first gives a quick backgrounder about women doctors in other countries, who paved the way for the first women doctors from India

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India's foreign exchange reserves slide by over $2.47 billion

India's foreign exchange reserves fell by $2.470 billion, during the week ended August 20

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RBI holds talks with SFBs on enhanced board oversight, risk management

Analysts say while most SFBs set up robust networks the past 3-4 years, they were hit badly by Covid-19 pandemic, and will need time to ramp up CASA deposits and secured credit

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Friday, August 27, 2021

Afghanistan crisis: Situation critical, priority is evacuation, says govt

India was trying to evacuate as many people as possible from Afghanistan, the minister said

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At least 5 IPOs worth Rs 6,595 crore may hit Street in September

Vijaya Diagnostics, Arohan Financial Services, Penna Cement, Shri Bajrang Power and Ispat are the companies likely to come out with their IPOs in September

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Indian investment bankers tighten grip over the league table

ICICI Securities, Axis, Kotak among top 5 managers of equity issuances

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Unitech owners operating from Tihar, Supreme Court shifts them to Mumbai

Both Sanjay and Ajay, who are in jail since August 2017, are accused of siphoning off home buyers' money

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'Bumper-to-bumper' insurance should be mandatory, says Madras HC

In a significant order, the Madras High Court has ruled that "bumper-to-bumper" insurance should be mandatory whenever a new vehicle is sold, from September 1. This must be in addition to covering the driver, passengers and owner of the vehicle, for a period of five years. Thereafter, the owner of the vehicle must be cautious in safeguarding the interest of driver, passengers, third parties and himself/herself, so as to avoid unnecessary liability being foisted on the owner of the vehicle, as beyond five years, as on date there is no provision to extend the bumper to bumper policy, due to its non-availability, Justice S Vaidyanathan said in a recent order. The judge was allowing a writ petition from the New India Assurance Company Limited in Avalpoondurai, challenging the orders dated December 7, 2019 of the Motor Accidents Claims Tribunal, Special District Court in Erode. The Insurance company pointed out that the insurance policy in question was only an "Act Policy", which woul

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Uttar Pradesh govt adopts Indian wrestling till 2032 Olympics

WFI already extends a financial support to 60 junior (Rs 7500 per month stipend) and Cadet (Rs 5000 per month) wrestlers

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India, Japan, Australia, US kick off annual maritime Exercise Malabar

This is the 25th edition of Exercise Malabar, which began in 1992 as a bilateral exercise

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Celebrate festivals with caution, second Covid wave not yet over: Govt

The weekly positive rate has been less than 3 per cent for the eighth consecutive week

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Expense on R&D for Covid-19 drugs, vax, devices will count as CSR

The CSR FAQs provide details of what would qualify as administrative overheads

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Financing India's green future

'Green investments must therefore compete with brown (non-green) investments to find large markets and generate attractive returns', says the author

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Protecting consumers, the heart of finance

Competitive markets in financial services are the best bulwark against consumer fraud in the long run. In the medium term, omnibus and dedicated legislation could be the answer

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Blackstone to get access to ASK's pool of HNI clients, domestic debt market

Blackstone has bought 74 per cent in Advent International-backed ASK Group for about Rs 7,400 crore, reports said

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Former Sony India CEO bets on OTT, forms JV with Screenhits TV

ScreenHits TV tapped the former studio executives and founders of India's Vial Content Tech to oversee its expansion in the country

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Latest FDI rules force Yahoo to shut down news websites in India

Yahoo has shut down its news websites in India due the new foreign direct investment (FDI) rules that limit foreign ownership of media companies that operate and publish digital content in India

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Think like a CFO

What the authors do offer is the valuable experience of being in six different masterclasses

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Injecting certainty

India needs a coherent vaccination plan

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Loan mela mindset

Govt should not push PSBs to lend

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Talks over TAPI pipeline gather steam with Taliban at the helm

Target is to take a share of natural gas to 15% in India's energy mix

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MIAL raises Rs 7,200 cr via NCDs and foreign loans, refinances debt

The capital raise happened last month and around Rs 6,500 crore of loans owned to domestic lenders were repaid

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FM discusses key areas of cooperation to support recovery of BRICS nations

Finance Minister Nirmala Sitharaman on Thursday discussed with her BRICS counterparts the key areas of cooperation that would be crucial in supporting recovery of the grouping's economies

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SAIL aims to bring down borrowings to Rs 20,000 crore

During FY21, net debt had decreased by Rs 16,131 crore to Rs 35,350 crore

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Megha Engineering hands over indigenously built oil rigs to ONGC

This is part of a Rs 6,000 crore tender bagged by MEIL in 2019 to supply 47 rigs to ONGC

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ED cracks whip on NBFCs, fintechs over high-cost micro loans, shady deals

Attaches amount of Rs 106 crore of non-banking company PC Financial under FEMA

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Thursday, August 26, 2021

Covid-19 pandemic: India needs to focus on vaccinating more, says Guleria

He said that there was not enough evidence that a booster dose would be beneficial

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R C Bhargava, Venu Srinivasan face off with govt on auto GST rate

Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years

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Sebi slaps Rs 6 lakh fine on Capital First for disclosure lapses

Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 6 lakh on Capital First Ltd for not disclosing encumbrance on shares of Deccan Chronicle Holdings Ltd (DCHL)

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NPAs in retail and MSMEs rise to 7.3% for public sector banks in Q1

The incidence of bad loans was lower for private banks with GNPAs at 3.32 per cent in June, up from 2.01 per cent year ago, according to CARE Ratings

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Working with RBI to ensure customers don't have to key in card number: PCI

The RBI's new rules are supposed to kick in from January 2022

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As electronic transactions surge, it's boom time for tech fraud fighters

Pandemic pushes companies to police e-transactions; financial services firms and e-commerce companies are among the major drivers of demand

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Taliban takeover: All Afghans must travel to India on e-visa, says govt

Officials said since Indian missions in Afghanistan are shut, the applications will be examined and processed in New Delhi

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On the right track

India has done well to ratify the Montreal accord amendment

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Jindal Steel plans $2.4-billion spend in six years, double output

The steelmaker plans to raise total crude steel capacity to 15.9 million tons by March 2025 from 8.6 million tons, the New Delhi-based company said in an investor presentation on Tuesday

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Caste politics

A census of this kind isn't good for the country

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Country now comes before profit for tech giants in Xi Jinping's China

President Xi Jinping has increasingly emphasized the idea of "common prosperity" as the Communist Party tries to address the country's wealth gap

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Time to reassess monetary policy positions

Although the pandemic is unlikely to end immediately, its impact on economic activity would slowly wane

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Indian treasures at home and abroad

Historically significant sites, artefacts and papers in India and the UK should be made accessible to wider audiences

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SEC chief Gary Gensler warns 'clock is ticking' on delisting Chinese stocks

Securities and Exchange Commission Chair Gary Gensler has a warning for hundreds of Chinese companies that have raised billions of dollars in US markets

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A fresh perspective on reform

The author has perfected the delicate art of combining storytelling and autobiography with the larger canvas of policy-making

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Putin, Xi Jinping agree to step up efforts to combat Afghanistan threats

The two leaders said it was important to prevent instability spilling into neighbouring countries from Afghanistan, the Kremlin said in a readout of the call

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Taliban agrees to let Afghans leave after August 31 deadline: Report

Britain on Wednesday warned the Taliban against attempts to coercively seal off Afghanistan from the rest of the world and urged the militant group to keep its borders open

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US Senate's company tax plan boosts penalty on sending profit abroad

The proposal is one legislative piece of a $3.5 trillion tax and spending package that Democrats are now crafting to implement the bulk of President Joe Biden's longer-term economic plans

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Molbio Diagnostics developing more tests for Truenat platform

Molbio is preparing test kits for zika, cholera, nipah, sickle cell anaemia, ch­olera, influenza, mumps, syp­hillis, yellow fever, HIV2 etc

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NCLAT agrees to hear Jet staff's plea against Kalrock-Jalan resolution plan

NCLAT issues notice, seeks response on concerns raised by Jet Airways employees

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DGCA to make drug test a must for pilots, air traffic controllers

Draft proposal: Violation to invite three years of suspension to permanent cancellation of licence

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Future Retail appoints Sadashiv Nayak as CEO effective August 25

Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday.

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'India must develop disruptive tech to meet decarbonisation goal by 2050'

Clean energy supply would rise 120 to 140 times, and this increase has to come primarily through solar, wind, and nuclear. Share of electricity would go up primarily for e-mobility, said Kakodkar

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Wednesday, August 25, 2021

Five out of the eight companies list below issue price in August

Aptus Value Housing Finance, Chemplast Sanmar latest to make tepid debuts

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Taliban starts govt formation; appoints FM and intelligence chief

It said Gul Agha would be the finance minister and Sadr Ibrahim would be the acting interior minister

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El Salvador readies Bitcoin rollout with 200 ATMs for conversion

The government will install 200 of the teller machines to initially accompany its digital wallet called Chivo, a local slang term for 'cool,' President Nayib Bukele said on Twitter

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REITs, InvITs to be part of Nifty indices from September 30: NSE

The changes shall become effective from September 30

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Titan case: Sebi penalises 6 people for violating insider trading rules

Sebi had received a letter from Titan, intimating the regulator about contravention of insider trading norms

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Have no faith in chief minister Amarinder Singh: Punjab ministers

Four ministers said they would seek time to meet Congress chief Sonia Gandhi and apprise her of the political situation in the state

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Airbnb promises free housing for 20,000 Afghan refugees globally

Over the past weekend, Airbnb.org worked with partners to place 165 refugees in safe housing shortly after touching down in the US

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A new mission

Explore unconventional sources of edible oil

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The e-governance mess

Govt's digital push founders on complex, buggy portals

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The tech soothsayer

What makes the book one of its kind is the weaving of 10 stories of the world in 2041 across multiple continents and cultures

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The growth path India must take

'The need of the hour is the building up of macro-financial, fiscal, and external buffers', said the authors

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Health portfolio continues to drive premium growth of non-life insurers

In the April-July period of FY22, the health portfolio has grown 34.2 per cent, which is significantly higher than the 9.9 per cent growth seen in the same period last year

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Not by stealth, but through subtle signals

Redefining Make in India and the public sector policy are signs of a new approach to reforms

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Work cohesively to create India's own equity capital: FM to India Inc

Govt exploring insurance bonds as alternative to bank guarantees

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There is no room for a reinsurer to pass on the risk: Munich Re India CEO

'A reinsurer is the last end of the chain in the insurance business', said Hitesh Kotak

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Centrum to merge Micro credit, SME biz with small fin bank for Rs 426 cr

The transfer, via a slump sale is subject to shareholders, statutory and regulatory approvals. Centrum has indicated the transaction would be completed in two months

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Check Nidhi firms' antecedents before investing money, says govt

At least 348 entities have failed to meet the criteria to be declared as Nidhi companies

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'Operation Devi Shakti': India evacuates over 800 from Afghanistan

India's complex mission to evacuate its citizens and Afghan partners from Kabul after its swift takeover by the Taliban last week has been named as "Operation Devi Shakti"

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Visa repositions its brand to shed cards entity image

It wants to be known as a payments network and player in the digital payments arena

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Lockheed Martin gets $329-million contract to maintain C-130J fleet

The arrangement, announced on Tuesday, is called a "Follow On Support-II" (FOS-II) contract

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RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO

The shareholders at the annual general meeting held on August 9, 2019, had already approved the appointment of Bakhshi for a period effective from October 15, 2018, upto October 3, 2023

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Govt eases norms for import of 1.2 million tonne GM soya cake

The government on Tuesday relaxed norms for import of 12 lakh tonne of genetically modified crushed and de-oiled soya cake, used as livestock feed.

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India Inc's CSR spends over 1 trillion since mandatory law in FY15: Crisil

Majority of money spent in last three years; In Covid-dominated FY21, the amount is likely to have crossed Rs 22,000 cr

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Tuesday, August 24, 2021

Afghanistan central banker sees currency drop, capital controls

The Afghani, as the tender is known, likely will see renewed weakness after it reached a record low last week, Ajmal Ahmady, governor of Da Afghanistan Bank, known as DAB, said in an interview

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Kabul airport curbs blocking medical, food supplies to Afghanistan: WHO

Aid agencies say it is critical that medical and food supplies reach some 300,000 people displaced in Afghanistan over the past two months amid advances by Islamist Taliban insurgents

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Afghanistan crisis: Centre calls all-party meeting on Thursday

West Bengal Chief Minister Mamata Banerjee said that representatives of her party, the Trinamool Congress, will attend the meeting

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Afghan crisis: Western forces must leave by Aug 31 deadline, says Taliban

'There will be consequences in case of delay in withdrawing troops'

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Industry seeks RoDTEP-like scheme for service exports: Check details here

The scheme - Duty Remission of Export of Services Scheme or DRESS - will reimburse the un-refunded taxes and duties embedded in services exports

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CCI slaps fine of Rs 200 crore on Maruti Suzuki over dealer discount policy

During the probe, Maruti - which has more than 50 per cent share of India's car market - told the regulator that it imposed no such policy and that the dealers were free to offer any discounts

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Women need a better deal

The literature, say the authors, has focused on supply-side constraints that prevent women from entering the labour markets

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Maintain credibility

MPC should not ignore inflation risks

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A new road map

Execution key to making asset monetisation pipeline work

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Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22

Around two-thirds of overall IPO clients have been onboarded from three states - Gujarat, Rajasthan and Maharashtra

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Cement maker Nuvoco Vistas lists at a steep discount to issue price

Post listing, the company commands a market capitalisation of Rs 18,975 crore

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From Davos, without love

Ms Kaur talks at length about nationalism and its facets

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A johnny-come-lately in the sky

Many businesses are set up in downturns and often the best deals are struck in troubled times

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Zomato share price falls 8% as lock-in period for anchor investors end

The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher

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Exchanges warn investors against unregulated derivatives products

The NSE and BSE said they had noticed some unregulated platforms and websites offering trading in unregulated derivative products called CFD/Binary Options

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Telcos need three more bold decisions

Users and service providers are swimming against the tide even after the abolition of retro tax

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New margin rules result in unwarranted penalties on trading members: Anmi

Anmi favours a model that may predict peak margins to be complied with by trading member so that on any given day upfront compliance may be considered based on margins for T-1 day

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Returns of most debt fund categories plummet below 5%, shows data

'Extraordinary scenario' say experts as both, short and long-duration funds give low returns

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Govt to monetise 25 airports over four years, to fetch Rs 20,782 crore

The government holds 26 per cent stake each in Mumbai and Delhi airports and 13 per cent stake in Hyderabad and Bengaluru airports

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Sebi puts Gemini Edibles & Fats India's Rs 2,500-crore IPO in 'abeyance'

Without disclosing the reason, Sebi said "issuance of observations kept in abeyance" with regard to the IPO of Gemini Edibles & Fats India according to an update on the Sebi's website as of August 20

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Work on non-Covid vaccines gives pharma firms an injection of hope

Approach drug regulator, seeking permission to conduct clinical trials

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Indian Hotels to raise Rs 3,000 cr via rights issue for capex, pruning debt

Tata Group's hospitality arm has been using rights issues for fund raising regularly. It raised Rs 1,500 cr in April 2017, Rs 1,000 cr in January 2016 and Rs 844 crore in Feb 2008

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Skymet dilutes southwest monsoon forecast for 2021 to 'below-normal'

Drought possible in Gujarat and West Rajasthan, says private weather forecaster

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Monday, August 23, 2021

Punjab Congress dispute runs deep ahead of the Assembly elections

There is an element of creative tension in all this that was missing in the party so far

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IT services major Capgemini is driving more value from India unit

For Ashwin Yardi, CEO India, Capgemini, the focus is to make sure that the India unit is aligned with global plans of repositioning company as a hub of engineering R&D, operational technology, and IT

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RoDTEP scheme is different from MEIS

Exporters of chemicals, pharmaceuticals, steel etc. are unhappy that their products have been left out of the RoDTEP scheme

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Delay in equity raising may affect PNB HFC's growth: Rating agencies

India Ratings said capital infusion was critical in providing adequate buffers for growth and mitigate any possible asset-side stress

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One man's quest to get an AI machine a patent gathers momentum

South Africa and Australia's decision that an AI machine can be listed as inventor on a patent is putting pressure on the US, Europe to resolve the issue

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Afghanistan crisis: Austria says no refugees, Swiss plans summit

The ruling People's Party has taken a hard line on immigration amid international calls to help Afghans at risk of persecution after the US troop withdrawal

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Soaring cost of food is forcing families to scrimp at the dinner table

Food prices in July were up 31 per cent from the same month last year, according to an index compiled by the United Nations' Food and Agriculture Organization

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Algo rhythm: Investors take a shine to India's tech startup, says report

Six unicorns have filed for IPOs, of which Zomato got listed

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Afghan crisis: Seven dead at Kabul airport, Taliban blames US for chaos

The deaths come as a new, perceived threat from the Islamic State group affiliate in Afghanistan has seen US military planes do rapid, diving combat landings at the airport surrounded by Taliban fight

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A sprinkling of artificial intelligence flavours

The skills of chefs are being complemented by foodtech solutions that are coming up with new experiments to pander to our palate. Tastes have been created by using AI models

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Michael Burry's pretty big short hinges on treasuries sinking

Michael Burry, whose huge, wildly profitable bets against the housing bubble were made famous in "The Big Short," is wagering that long-term US Treasuries will fall.

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The rumble over CEO pay

Eicher Motors board must resolve the crisis quickly

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Enabling exports

Taxes paid by exporters should be refunded swiftly

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Good show by private banks, better by PSBs

Whether it is net profit, fee income or bad loans, public sector banks have put up a better show in the June quarter than their private peers

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Making a case for goat farming

'The country is fortunate to have a rich diversity of goat breeds', says the author

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Why is the IPO process so baroque?

The listing process in India is unfair to the people who are building new firms

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The Apple watch from 1995 is a weird collectible with wacky design

It won't pair with your iPhone, but it's weird and fun and quite possibly the wackiest design ever released by the house of Apple

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Story in numbers: Crime rate falls, but women still at risk, shows data

As per NCRB data, UP saw a steady decline in robbery, dacoity and murder cases between 2017 and 2019

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Retail participation in markets here to stay: BNP Paribas' Amit Shah

Amit Shah says BNP is getting incrementally selective among small- and mid-cap stocks, and higher impetus is now being given to quality companies as valuations appear rich

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Interest rate hike worries weigh on banking and PSU debt funds

Since the start of the current financial year till July, banking and PSU debt funds have seen outflows of Rs 1,247.44 crore

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Long-only alternative investment funds outperform long-short peers in July

Of the 32 long-only funds, all except one managed to beat the Nifty50 returns of 0.3 per cent during the month

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Street signs: MFs bet on easier compensation rules, India VIX surges & more

Officials in the industry believe that the market regulator might give some concessions on the aspect of key employees of the fund houses

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Advance-decline ratio hits a 17-month low in August, shows data

Indicates that number of declining stocks far exceeds those advancing, and may be a bearish signal

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Sunday, August 22, 2021

Use only 'mad money' to invest in fads

Investors with a compulsive need to participate in any ongoing action should do so by having a 'mad money' allocation-money they can afford to lose

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Saturday, August 21, 2021

GMR group unveils plans to modernise Nagpur Airport after HC ruling

Infrastructure major GMR group on Friday unveiled its plans to modernise and develop Nagpur Airport following a ruling by the Nagpur Bench of Bombay High Court.

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Afghanistan GDP may slump 20%, currency may slide further: Fitch Solutions

"It is likely that the economy will contract sharply this year," Anwita Basu, head of Asia Country Risk at Fitch Solutions

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Zetwerk joins unicorn club after raising $150-million in Series E funding

The round has mo­re than doubled the valuation of Zet­werk to about $600 million

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Biggest sovereign wealth fund puts oil stocks on notice

Norway is now taking another look at the mandate handed to its wealth fund, the world's biggest

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The cost of saving global economy: $834 million an hour for 18 months

"Stimulus has caused immense inflation of Wall Street assets," wrote strategists led by Michael Hartnett

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The cost of saving global economy: $834 million an hour for 18 months

"Stimulus has caused immense inflation of Wall Street assets," wrote strategists led by Michael Hartnett

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Banks recast loans worth Rs 35,000 crore under RBI's second scheme

Retail and loans to micro, small and medium enterprises have the largest share in the two schemes combined

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ED suspects FEMA violations, seeks details of fund source, assets

The ED sought information under Section 37 of the Foreign Exchange Management Act (FEMA), which is typically invoked to obtain primary details for initiating a probe

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China approves three-child policy with sops to prevent dip in birth rates

The revised Population and Family Planning Law, which allows Chinese couples to have three children

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Zydus Cadila's Covid vaccine for children above 12 years gets EUA in India

Zydus Cadila's three-dose ZyCoV-D will be administered through needle free injection system

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Joaquin Duato set to replace Alex Gorsky as Johnson & Johnson's CEO

Duato, 59, currently serves as vice chairman of J&J's executive committee

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Partners Group sells Rs 837 cr worth of shares of Aavas Financiers

The stock slid 3.7 per cent on the BSE Sensex to end at Rs 2,385 on Friday and is down 10.1 per cent since August 17

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CarTrade Tech makes tepid market debut; tumbles 7% at close of trade

CarTrade Tech's initial public offering (IPO) was subscribed 20.29 times

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Gas distribution sector stocks could fire up amid likely volume recovery

Some analysts are targeting price gains of 20-25 per cent across the sector in the next 12 months

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Metal stocks come under pressure, FMCG gains as investors book profits

BSE Metal falls 6.9%, NSE Metal 6.4% as benchmarks retreat for 2nd day

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Coffee with BS: Rakeysh Omprakash Mehra on storytelling, India's OTT scene

With his latest him, Toofan, launched on OTT, Mehra says that the platform has given filmmakers and audiences a diverse range of viewing options but some movies are simply made for the big screen

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Independence from stereotypes and symbolism

'Stereotypes can be changed in many ways', says the author

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Fuel of the future*

So, what is the world waiting for? Hydrogen as fuel is a win-win. It's an energy elixir, it's the panacea

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The rising star of the east

In the Congress, Ms Dev enjoyed the indulgence of the Gandhi family

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Rise above compulsions for 2024 LS polls: Sonia Gandhi to Opposition

Gandhi said the "ultimate goal" is the 2024 Lok Sabha elections. She called upon all Opposition parties to begin planning systematically

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Elon Musk unveils life-like humanoid robot to take over 'boring' work

Musk has a long history of unveiling products that are merely prototypes, essentially selling a vision before it exists in reality

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India's kings and queens of chess

India is quickly becoming a legitimate global chess superpower, leading the United States and China on key metrics, and running neck and neck with Russia, the historically dominant chess power

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Marks & Spencer profit surges as clothing stores reopen post lockdown

The shares rose nearly 10% to 156.8 pence in London on Friday morning

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Friday, August 20, 2021

Indices in for rough ride, but correction could spur more buying: Experts

Analysts said equity markets across the globe are under pressure after the minutes of the recent US Federal Reserve meeting

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Q1 results: Second wave of Covid-19 pandemic, higher costs take a toll

Here's an insight into the June quarter performance of some of India's key sectors and companies therein

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External affairs minister Jaishankar slams China for terror stand at UNSC

Jaishankar also said terror groups like the LeT and JeM continue to operate with both impunity and encouragement

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Chairman of Karvy Stock Broking arrested for defaulting on bank loan

C Parthasarathy was arrested for defaulting on a loan taken from the IndusIndbank in 2019 and diverting the fund to other bank accounts

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Silver lining for FMCG companies as sector posts robust 37% growth in Q1

Hopes of demand recovery and plateauing of input costs coupled with stock underperformance are triggers

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Growth in currency in circulation halves to 10% post-second wave

It is too early to say if people have overcome their fears leading to cash hoarding, but the trend, if it sustains, is encouraging

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Housing market to cross pre-note ban level in 2023, says report

Starting 2021, the market is set to witness a healthy double-digit growth rate over the next three years

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Bharti Airtel moves Supreme Court with review petition in AGR case

The company has sought correction of arithmetical errors in calculations linked to AGR

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Amazon plans to open large physical retail stores in US: Report

The first stores are expected to be located in Ohio and California and will be about 30,000 square feet in size, which would be smaller than the typical department store

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China expands power in cyberspace with new rules on digital platforms

TSMC overtakes Tencent to become Asia's most valuable company; Alibaba at record low in HK

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Pfizer and Astra vaccines less effective after 90 days, says study

The Oxford University study found that 90 days after a second shot of the Pfizer or Astra vaccine, their efficacy in preventing infections had slipped to 75 per cent and 61 per cent, respectively

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These are the shadowy Taliban leaders now running Afghanistan

The Taliban's senior leadership includes many Mujahideen fighters who were once trained by the US during the Cold War to battle against the invading Soviet Union forces in the 1980s

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Joe Biden says chaos couldn't have been avoided in Afghanistan

Biden's comments point to a looming question of whether the U.S. will recognize the Taliban as Afghanistan's government after they swiftly took control of the country, including the capital city

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Taliban takeover: IMF curbs funds, US halts arms sales to Afghanistan

While Afghanistan will still receive the assets, it won't be able to use them because the new regime lacks international recognition, the IMF said

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Afghan crisis: Scores dead after Taliban firing, stampede at I-Day rally

In Asadabad, capital of the eastern province of Kunar, several people were killed during a rally, but it was not clear if casualties resulted from Taliban firing or from a stampede that it triggered

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N K Singh succeeds Manmohan as president of IEG

Singh has been the chairman of the Fiscal Responsibility and Budget Management review committee and also served as member of the Rajya Sabha (2008 -2014)

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Explained: Why millions of white-collar employees want to switch jobs

Millions of white-collar employees want to switch jobs, call the shots as job markets recover

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The space race is getting harder

A vast technological gap is opening up as humans race to colonise the solar system

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Focus on vaccine supply

Pace has increased but supply constraints remain

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Welcome rethink on FTAs

Exports can enable sustainable economic growth

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China's digital yuan gives banks an edge in payments, says Moody's

The effort to develop a digital yuan "reflects the authorities' concerns about data concentration among technology companies", the Moody's analysts said

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DoT to serve show-cause notice on Vodafone Idea over licence fee delay

Telco claims dues paid for first quarter

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Vacancy levels at 3 REITs rise to 16% amid continued work from home

Work from home, second wave have deferred leasing decisions by occupiers

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Thursday, August 19, 2021

After $610 million crypto heist, hacker has job offer from his victim

PolyNetwork was hit by $600-million heist last week

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US freezes nearly $9.5 billion Afghanistan central bank assets: Report

US sanctions on the Taliban mean that they cannot access any funds

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Taliban takeover: UK to take 5,000 Afghan refugees, 5K evacuated & more

The British govt says it will take in 5,000 Afghan refugees this year, primarily women and children

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India on track to meet Paris Agreement goals, says FM Sitharaman

COP26's Alok Sharma warms up to India's climate action; hopes India commits to a net-zero target by 2050

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Afghanistan turmoil: Taliban meets Karzai in talks to form govt

The Haqqani Network is an important faction of the Taliban, who captured the capital, Kabul, on Sunday

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Exporters want steel, pharmaceuticals sectors under RoDTEP scheme

The RoDTEP guidelines do not include sectors such as steel, organic & inorganic chemicals, and pharma under the scheme

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Taliban rings airport; protests turn violent in Afghanistan, three dead

Sharp objects, sticks used to beat women and children, who were desperately trying to enter Kabul airport

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Samajwadi MP booked for sedition after remarks defending Taliban

An FIR has been filed against Samajwadi Party MP Shafiqur Rahman Barq and two others in Uttar Pradesh's Sambhal district for their controversial remarks over the Taliban's takeover of Afghanistan

from Today's Paper https://ift.tt/2W343ST
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Afghanistan crisis: France evacuates 21 Indians from its Embassy in Kabul

The first evacuation flight by France from Kabul included 21 Indian nationals deployed for providing security at the French embassy in the Afghan capital. External Affairs Minister S Jaishankar had on Tuesday thanked his French counterpart Jean-Yves Le Drian for evacuating the Indian nationals from Kabul to Paris, in the backdrop of the Taliban capturing power in the Afghan city. "The first French evacuation flight from #Kabul yesterday included 21 Indian nationals: the elite Gurkhas who were ensuring the security of the French Embassy," French Ambassador to India Emmanuel Lenain tweeted on Wednesday. He said France has been actively coordinating with India on developments relating to Afghanistan. "As discussed in call between Min @JY_LeDrian & Min@DrSJaishankar, France coordinates actively with India on #Afghanistan, especially at #UNSC," Lenain said. After his telephonic conversation with Le Drian, Jaishankar said the evolving situation in Afghanistan was discussed. "Discussed

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India at BRICS meet: Aatmanirbhar Bharat a global initiative, says Goyal

Minister bats for widening the scope of NDB to strengthen social infra

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Railways may scrap first private train operations tender over viability

Rethink driven by poor response to the initiative, with only two bidders

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RBI relaxes norms on foreign sovereign bond investment

The RBI has allowed the banks to keep sovereign bonds away from the 10 per cent limit

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Mandaviya launches Arogya Dhara 2.0 to increase reach of Ayushman Bharat

The minister launched three initiatives - Adhikar Patra, Abhinandan Patra, and Ayushman Mitra

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India's exports rise nearly 40% in second week of August, shows data

Engineering goods witnessed the maximum increase during the week, owing to higher demand from US and Italy

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Women can take NDA exam, says Supreme Court; slams army mindset

It's a policy decision, counters government; a case of gender discrimination, says top court

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Flaws in farm insurance

Response to PMFBY remains underwhelming

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Beyond bank accounts

Protect investor confidence to increase financial inclusion

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Future shocks in global politics

What millions of years of climate change have done to the environment have been accelerated by human agency

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CoCs need best practices code

'The delay in insolvency case resolution is another problem area where CoCs need to play a more proactive role', says the author

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Where have all the statesmen gone?

The national interest may not be popular. The international interest may be even less so. It's what the world needs now

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Charaiveti: An academic's journey-3

'In general, in popular culture all around me canniness was implicitly or explicitly highly valued', says the author

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After a subdued Q1, hotels seeing sharp month-on-month recovery

But that's only when one takes into account the year-on-year performance. The first quarter of last year was a washout for the sector due to the nationwide lockdown

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Honda to launch made-in-India SUV by 2023, size and pricing not disclosed

Despite Amaze's popularity, Honda feels customer preference has shifted to SUVs

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Wednesday, August 18, 2021

For each one, lose one

'To have sensible regulations, the agency must put itself in the regulated entities' shoes', says the author

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SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore

It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money

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Searching for the Indian right

Mr Modi's supporters are eager to call themselves right-wing, but what do they stand for really?

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Domestic LPG price hiked by Rs 25 a cylinder, to cost Rs 859 in Delhi NCR

This is the second consecutive month that oil companies have hiked domestic cooking gas prices

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MedPlus Health Services files Rs 1,639 cr IPO papers with Sebi

Pharmacy retail chain MedPlus Health Services has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,639 crore through an initial share-sale

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HDFC Bank can start issuing credit cards again as RBI eases curbs

Ban on Digital 2.0 programme continues; bank ready with aggressive plan

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80% fee cut for recognised institutes applying for patents: Piyush Goyal

Total fee - filing, publication, and renewal - for an institute, which is around Rs 4.24 lakh now, will be reduced to Rs 84,900

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HAL inks Rs 5,375-cr contract for supply of engines for Tejas aircraft

Since it first flew in January 2001, the Tejas LCA has been powered by a single General Electric (GE) F404-IN20 engine.

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Inflation has peaked and is likely to stabilise going forward: RBI

For a one percentage point reduction in inflation, 1.5-2 percentage points of GDP have to be foregone

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'Markets on fire': 2021 may turn out to be India's year of IPO, says RBI

The successful Initial Public Offerings (IPOs) by new age companies in the recent months are a reflection of bullishness about Indian technology, it said.

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Limit credit fund exposure to 10%-15% of portfolio, advise experts

Go with a fund manager who negotiated the past 5 years without default or downgrade

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Transparent pricing

Govt should explain the fuel tax rationale

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A mega ride

Ola's e-scooter plans can disrupt the two-wheeler market

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BHP Group bets on lower-carbon world with petroleum exit; shares up 9.8%

The company also approved $5.7 billion of spending to build a massive new fertiliser mine in Canada

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Russia fines google for not deleting banned content, says report

Russia has routinely fined social media giants for failing to remove prohibited content and is seeking to compel foreign technology companies to open offices in the country

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Jeff Bezos's Blue Origin sues the US government over Nasa's decision

Blue Origin said its lawsuit filed in the US Court of Federal Claims on Friday is "an attempt to remedy the flaws in the acquisition process found in NASA's Human Landing System

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Afghanistan crisis: Facebook bans Taliban, Johnson plans G7 meet, and more

Germany is ending development aid to Afghanistan in light of the Taliban's takeover

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The longest war: Cost of the Afghanistan war, in lives and dollars

Here's a look at the US-led war in Afghanistan, by the numbers

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President Joe Biden says he stands by US withdrawal from Afghanistan

At the White House, Biden on Monday called the anguish of trapped Afghan civilians "gut-wrenching"

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Afghanistan's currency falls to record low; central bank chief flees Kabul

Ahmady boarded a military plane at Kabul airport, where thousands sought to leave as the Taliban's rapid territorial advance led to the collapse of the governme­nt

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Afghanistan crisis: Taliban announces 'amnesty', urges women to join govt

A starkly different image played out on Tolo News, an Afghan television station: a female presenter interviewing a Taliban official

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Covid-19 pandemic: Record daily vax at 8.8 mn, rural India takes the lead

According to the health ministry, the average daily vaccination has so far been the highest this month, with almost 5 million jabs administered per day

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ReNew Power to list on Nasdaq this month, RMG investors approve merger

ReNew is looking to be fully funded for its equity requirements till fiscal year 2025 through this listing

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Tuesday, August 17, 2021

No room to cut excise duty on petrol and diesel, says FM Sitharaman

On inflation, FM said she expected the retail price inflation rate to remain in the range mandated by the Monetary Policy Committee

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Apollo Hospitals is a healthy option for long-term investors. Here's why

Expansion potential in digital platform, steady growth in traditional business and value unlocking in pharmacy segment are key positives

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KFC operator makes strong market debut; four stocks list on the same day

The four IPOs cumulatively generated bids worth Rs 1.7 trillion and attracted over 10 million retail applications

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National start-up council meet: Translation system, maps on agenda

The proposal is to allow apps with over 20 million users to be able to use this system for their user base

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Despite banks' record Q1 net profit, Bank Nifty on a slippery slope

It is up 15% since the start of CY21 against 19% in Nifty50; this despite banks' record Q1 profit

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Ruchi Soya gets Sebi's approval for Rs 4,300 crore FPO, say reports

According to its draft documents, the issue's net proceeds will be utilised to repay its borrowings and fund incremental working capital requirements

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Zupee's valuation crosses $500 million, raises $30 million funding

This round comes within 6 months after its Series A round at a $100 million valuation, which is more than 5x increase in the company's valuation

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Charting growth: Acute therapy drugs make a comeback in July, shows data

But a fall in doctor visits hit acute therapy drugs. July saw a major turnaround

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Lupin bets big on inhalation segment, plans to enter Chinese market

Lupin's portfolio and pipeline addresses 70 per cent of the entire market

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EV shift a near-term threat to valuation of 2-wheeler firms: Brokerages

Brokerages say TVS, Hero and Bajaj are at a greater risk than Eicher Motors

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Adani Group to acquire MBCPNL portfolio from Sadbhav Infra for Rs 1,680 cr

The deal is subject to customary regulatory and lender approvals and is expected to close in the third quarter of 2021-22

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Income below exemption limit? File tax return, nonetheless, say experts

Offsetting losses against future income or receiving tax refund is only possible when you do so

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Sentiments recovery lags in middle-income households

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

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US-India flights to take longer after Afghanistan's airspace shuts

AI stops commercial flights; MEA waits for services to resume to begin repatriation

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Afghanistan crisis: Embassy staff among 200 Indians stuck in Kabul

India on Monday said it was constantly monitoring the situation

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Real national interest

E-commerce spat reveals deeper faultlines

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Taliban 2.0 & its discontents

India should not be rushed into a response

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Bad loans: Prevention is better than cure

In managing the bad loan problem, IBC should be the last resort for banks

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Reserves: The RARE model in India

'The fiscal situation in India is quite weak, which is why the international ratings of the Indian sovereign are consistently very low', says the author

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Two queens and a rebellion

The book opens with the observation, "In 1857, the resistance of common people made leaders of obscure royals"

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Explained: What will it take to stop delta variant of coronavirus

Delta is both more infectious and more capable of evading immunity generated by either vaccination or a previous natural infection

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HDFC launches 'green and sustainable' deposits programme for retail clients

HDFC Ltd said individuals can earn interest at 6.55 per cent on their deposits, whose period can range from 3-10 years

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Citibank becomes first US bank to set up unit in IFSC at GIFT City

License issued today by IFSCA

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Monday, August 16, 2021

Vehicle scrappage policy: Circular economy faces recycling scale hurdle

Tata Motors, Mahindra and Mahindra (M&M) and Maruti Suzuki have partnerships for scrapping vehicles

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Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc

Indian industry would import even if it helped them save just 10 paise in the finished cost of goods, and then lobby to avoid the levy of anti-dumping duties on such imports, Goyal said

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Air India flight with 129 passengers from Kabul lands in Delhi

The situation in Afghanistan worsened further on Sunday, as Kabul has been reportedly taken over by Taliban

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Taliban takes over Kabul, president Ashraf Ghani flees the country

US Secretary of State Antony Blinken said "it is simply not in our interest" to remain in Afghanistan

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Taliban triumphs: History turns full-circle in Afghanistan

It remains to be seen whether the Taliban forces today, which control all Kabul's exits and entrances, will restrain themselves any better

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Centre asks Kerala govt to revisit 'failed' Covid-19 pandemic plan

Out of the total 45 districts in the country that have a test positivity ratio of over 10 per cent, 13 are in Kerala

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We have come a long way since Independence

'The Finance Minister devoted a lot of time to explaining the difficult balance of payments position and rapid depletion of foreign exchange reserves', says the author

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Meghalaya ex-rebel encounter: Home minister Rymbui quits over violence

Rymbui told PTI that his United Democratic Party also backed the decision to step down

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49% women started mobile gaming during Covid-19 pandemic: InMobi report

53 mins/day average time spent by Indian women on gaming apps

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Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi

Bajaj Finance has told Sebi that the blockage of funds would adversely impact its ability to repay and may result in a default

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No material impact on card issuers: Nomura on RBI restrictions

The RBI had earlier restricted American Express and Diners Club

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On the cusp of a new growth phase

'The 16-odd months gone by did have an impact on industry practices, customer preferences, and the overall working cultures of companies', says the author

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The unfairness of real estate bankruptcy resolution

'Real estate bankruptcy laws ought to be completely overhauled to right this egregious wrong', said the author

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The Fed's state of exception

It appears that the Fed is deviating from monetary-policy rules. But history tells us that it cannot continue indefinitely

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On top of the scrap heap

The eco-system is critical for policy on scrapping

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Of Covid deaths, bank deposits and bad loans

Districts with higher death rates during the pandemic have shown outflow of bank deposits, rise in home loan NPAs and rush to raise gold loans

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Rhetoric and reality

PM's emphasis on less govt interference is the way to go

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With boom in equity markets, aggressive hybrid funds gain currency

Over the past year, the aggressive hybrid category has given average returns of 41%

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Mutual funds went big on IPOs: Here're the top buys and sells in July

Among the prominent buys in the mid-cap space were Indraprastha Gas (Rs 942 crore), Aditya Birla Fashion (Rs 272 crore) and Emami (Rs 227 crore)

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Women work in jobs of poorer quality with wide income variability

Women tend to be concentrated in manufacturing of apparels and textiles and in services like education and health, while men are concentrated in the trade and hotels sector

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As lockdown dents Q1 show, Page Industries needs faster growth at the core

The company underperformed peers in the June quarter

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Street signs: Buy the dips, sell rallies, HNIs look to break even & more

A fall below 16,320 could drag the market to 16,150-16,000 levels

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Time to reduce weight in mid-, small-cap stocks: Helios Capital founder

'I see the second half of 2021 as more of a consolidation period at the index level', said Samir Arora

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Sunday, August 15, 2021

Insurer must pay declared value for total loss

The National Commission agreed with the State Commission's view that neither party had managed to prove that the price mentioned by them was the last market price

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Saturday, August 14, 2021

Seize the initiative on climate change, Mr Modi

'This is the Indian government's duty not just to its own people but to its own notion of developing-world leadership', says the author

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Favourable commodity cycle should keep Tata Steel stock in demand

Most analysts remain bullish on the stock

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Scrappage policy to help in removing unfit vehicles from roads: PM Modi

The move, however, doesn't bring an immediate cheer to the pandemic-bruised auto industry

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Near term upsides for Aurobindo Pharma stock capped on weak US outlook

The company has been making small acquisitions to bridge the growth gap

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Kharif acreage almost at last year's level; monsoon to become active again

Monsoon to become active again after August 15

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Sedition law and the art of dissent

From the late 19th century onwards, nationalists were regularly falling foul of the Sedition law

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Midnight's septuagenarians

Saleem, nearly thirty-one-years old, puts on display the many personal artefacts and feelings and notions and nicknames and omens that are his inheritance

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M K Stalin, Uddhav Thackeray, Sharad Pawar may attend Sonia's Oppn meet

Banerjee, too, had made a pitch for Opposition unity last month

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ONGC net profit rises nearly seven-fold in Q1 to Rs 6,846 crore

Consolidated total income rose to Rs 1,09,301.82 crore, up from Rs 63,694.14 crore last year

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Hero ready to use its cash balance to take on Ola's e-two-wheeler foray

The company will launch its first electric scooter in March 2022

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Bharti Airtel, Reliance Jio close Rs 1,004-crore spectrum trading deal

This was the first such deal between the two competitors

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Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements

It has already seen an increase in disbursement to level of Rs 360 crore in July, on par with disbursement in April-June 2021

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Not a right time to implement next stage of emission norms: Maruti Suzuki

"I don't think it is the right time (to implement) the new stage of CAFE (Corporate Average Fuel Efficiency) norms," MSI Chairman R C Bhargava told PTI

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Bharat Biotech's nasal Covid-19 vaccine advances into next stage of trials

Early stage trials of the vaccine candidate, BBV154, has been completed in subjects aged 18 to 60 years, and the doses were found to be well tolerated

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China's education crackdown pushes costly tutors underground

A sweeping overhaul announced last month bans private companies from teaching the school syllabus during weekends and vacations and from making a profit, along with a laundry list of other restriction

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US Fed's reverse-repo facility usage up to record $1.08 trillion

The amount of cash investors are parking at a major Federal Reserve facility surged above $1 trillion once again amid an overabundance of US dollars

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Adidas sells Reebok to US firm Authentic Brands Group in $2.5 billion deal

The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said Thursday in a statement

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Covid-19 pandemic: US okays third jab for those with low immunity

The amended emergency use authorization paves the way for people who have had an organ transplant, or those with a similar level of weakened immune system, to get an extra dose

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Too soon to predict economic spillover of crisis to Pakistan: IMF 

Taliban insurgents tightened their grip on Afghanistan on Friday, wresting control of its second and third biggest cities

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Taliban gains control of south Afghanistan; four more cities fall

Taliban has captured over two-thirds of nation; US, Britain to evacuate embassies

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Richard Branson sells $300-million stake in Virgin Galactic Holdings

The billionaire offloaded almost 10.5 million shares -- about 4% of the space-travel company -- through a company he controls, leaving him with an 18% stake, according to a regulatory filing

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Single-use plastic items to be prohibited from July 2022: Centre

The ministry has also notified an increase in the thickness of plastic bags, aiming to reduce littering of plastic

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INS Vikrant is 12 years late and 13 times the budgeted cost

A saga of shortfalls and ineptitude - in planning, obtaining sanctions, designing, construction and financing - has caused a delay of 12 years in building and shot up its cost 13 times

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Friday, August 13, 2021

Piyush Goyal asks industry to lead the Covid-19 vaccination drive

The minister's comment comes a week after the Centre indicated that with lower utilisation of Covid vaccines by the private sector, its 25 per cent quota may not be necessary.

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Covid-19 pandemic: Bharat Biotech's Covaxin ready for dispatch at new plant

The doses are ready to be dispatched to the Central Drugs Laboratory in Kasauli for quality and sterility inspection this month

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FMCG market in India expands 37% in April-June quarter: Nielsen

Data shows, the modern trade channel recovered to 83 per cent of the pre-Covid levels in June

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India can't become world's next factory by copying China: Amitabh Kant

Kant calls on industry to focus on digitisation and green tech

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Passenger vehicle wholesales jump 45% to 264,000 units in July, says Siam

Though there was a recovery in the passenger vehicles segment sales

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Caste in stone

States should not misuse the power vested in the 127th Amendment

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India's industrial production grows 13.6% in June on low base effect

Growth in IIP was led mainly by the manufacturing sector, which grew 13%

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The Rs 6-trillion challenge

Aggressive asset monetisation can help push growth

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After rape - a search for solutions

Each of the five women profiled in the book have a dedicated chapter

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Of political cycles and four-wheel drive

'Cyclists are especially insulting to the "Billionaire Raj" (citing The Economist) over which Mr Modi presides', says the author

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The climate emergency is real for India

With a rise in earth's temperature inevitable now, India needs to empower and make every district climate-change ready in order to mitigate its impact on the poorest populations

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NHAI income per FASTag declines 8% as compliance rises, shows data

The number of vehicles, which was rising since the start of the year, dipped to 116.48 million in May when a majority of the states imposed lockdowns to curb the spread of coronavirus

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ISRO's GSLV fails to place earth observation satellite into orbit

Indian Space Research Organisation's second mission of the year to place an earth observation satellite by a GSLV rocket faced a setback as the mission could not be accomplished fully due to performance anomaly in the cryogenic stage of the rocket, the space agency said on Thursday. The 51.70-metre tall rocket GSLV-F10/EOS-03 successfully lifted off from the second launch pad at the spaceport as planned at 05.43 hrs soon after the 26-hour countdown concluded. Ahead of the lift-off, the Launch Authorisation Board cleared the decks for a normal lift-off as planned. The performance of the rocket in the first and second stages of the rocket was normal, scientists at the Mission Control Centre said. However, minutes later the scientists were seen in discussion and it was announced in the Mission Control Centre by the Range Operations Director "mission could not be accomplished fully due to performance anomaly". "Performance anomaly observed in the cryogenic stage. The mission could not

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Forex reserves a hedge against exchange rate volatility, say analysts

Carry liability and not 'free' resource for funding

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Sensex, Nifty soar to fresh lifetime highs; power, IT stocks spurt

The Sensex and Nifty darted up to fresh all-time highs on Thursday as investors lapped up power, IT and banking stocks amid mixed global cues. A strengthening rupee, which surged 19 paise against the US dollar, further lifted sentiments, traders said. The 30-share BSE Sensex climbed 318.05 points or 0.58 per cent to close at its fresh record of 54,843.98. Intra-day, it scaled al all-time high of 54,874.10. Similarly, the broader NSE Nifty advanced 82.15 points or 0.26 per cent to its lifetime peak of 16,325.15. PowerGrid was the top gainer in the Sensex pack, rallying 6.22 per cent, followed by Tech Mahindra, HCL Tech, Titan, L&T, NTPC and ICICI Bank. On the other hand, Dr Reddy's, IndusInd Bank, Axis Bank, M&M, Reliance Industries and SBI were among the laggards, dipping up to 0.67 per cent. Market breadth was positive, with 21 Sensex stocks closing in the green, while 9 suffered losses. "Market breadth continued to be skewed in favour of the bulls amidst mixed global cues ...

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YES Bank's shares hit 52-week low intraday to Rs 11.89

In the June quarter of financial year 2021-22 (Q1FY22), the lender posted a profit of Rs 210 crore due to lower provisions

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Decoded: Understanding the debate over coronavirus booster shots

US Centers for Disease Control and Prevention recommends that ad­ults receive boosters of the tetanus vaccine every dec­a­de

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Delhi-Mumbai expressway model to replace BOT mode in some projects

It is learnt that the replacement is being done after several considerations, including keeping the financial aspect of the project in mind

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Tata Steel Q1 consolidated PAT at Rs 8,907 cr vs loss of Rs 4,416 cr YoY

Led by strong steel prices, top line or total revenue from operations in the period under review stood at Rs 53,372 crore, up 108 per cent from the same period last year

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Ex-director seeks to stall $2-bn Paytm IPO, company calls it harassment

Saxena denied harassment and said Paytm had a high profile position that meant a private individual like him was not in a position to harass the company

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India's low score on GVC a starting point for recovery from pandemic: AIIB

India rated 7.4 percentage points below the average global value chain participation rate for emerging economies from Today's Paper ht...