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Economy / Goodreturns

TCS Receives IT Services Deal From Belgian Insurer AG

On Wednesday, Tata Consultancy Services (TCS) announced that it has been selected as a strategic partner for managed IT services by AG, a leading Belgian insurer, to help enhance the latter's digital channels and modernize its IT systems, leveraging TCS' Machine

28 Oct 2020 12:43 pm
Domestic Long Steel Sales Volume Seen Declining 12-15%

Secondary long-steel producers may sustain their credit profiles this fiscal despite facing up to 100 basis points decline in profitability because of two supportive factors: central government spending (on rural and urban housing, and infrastructure, including roads) and deleveraged balance sheets

28 Oct 2020 11:47 am
Bharti Airtel Jumps 10% After Impressive Q2 Performance

On Wednesday shares of Bharti Airtel rose over 10 percent to Rs 488 on NSE, a day after the company reported its financial results for the September-ended quarter. On Tuesday, the telecom operator reported a sharp improvement in its

28 Oct 2020 11:30 am
Hero Motocorp Climbs Above Rs 3,000 On Distribution Pact With Harley Davidson

On Wednesday, shares of Hero Motocorp climbed over 4 percent to Rs 3,035.00 ahead of its financial results for the September ended quarter and on announcing that it has entered into a distribution and licensing agreement with American motorcycle maker Harley

28 Oct 2020 10:55 am
Bharti Airtel Hits 10% Upper Circuit After Impressive Q2 Performance

On Wednesday shares of Bharti Airtel rose sharply to be locked in a 9.99 percent upper circuit at Rs 476.65 on NSE, a day after the company reported its financial results for the September-ended quarter. On Tuesday, the telecom

28 Oct 2020 9:46 am
Markets Trades Lower, Tata Motors Gains Post Results

Benchmark indices were trading marginally lower with the Nifty declining, even as select banking stocks fell. Global cues were quiet, with Asian markets trading mixed. The Nifty was trading with losses of 19 points, while the Sensex was down 30 points

28 Oct 2020 9:28 am
Bharti Airtel's Q2 Results Could Change The Dull Sentiment On The Stock

On Tuesday, Bharti Airtel reported a sharp improvement in its net loss at Rs 763 crore for the September ended quarter from Rs 23,405 crore in the same period last year. It also recorded its highest ever quarterly revenue of Rs

27 Oct 2020 9:27 pm
Tentative Record Date To Participate In TCS Buyback

This is the 3rd buyback announced by TCS in the last 4 years (2017, 2018 & 2020). Going by the past trends and historic data TCS has given record breaking compounded returns to every investor. Here in the current market scenario

27 Oct 2020 8:43 pm
Tata Motors Q2FY21 Net Loss At Rs. 307 Crore; Beats Street Estimates

Tata Motors on October 27, 2020 posted a consolidated net loss of Rs 307.3 crore in the September quarter in comparison to a loss of Rs. 187.7 crore in the year-ago period. Also, total revenue from operations of

27 Oct 2020 5:03 pm
Govt Paves Way For Any Indian Citizen To Buy Land In Jammu & Kashmir

The central government has paved way for all Indian citizens to purchase property in the union territory of Jammu and Kashmir. The Ministry of Home Affairs notified what it calls UT of Jammu and Kashmir Reorganisation (Adaptation of Central Laws) Third

27 Oct 2020 4:49 pm
MSCI to Tweak FOL In Indian Stocks; Huge Foreign Funds Expected

In an announcement made on October 26, 2020 for the MSCI Global Standard Indexes, MSCI or Morgan Stanley Capital Investment said that it will tweak FOL or foreign ownership limits in the MSCI Global Indexes comprising Indian securities coinciding with

27 Oct 2020 3:00 pm
China's Ant Group Set For The Biggest IPO Ever In The World

China's financial technology giant Ant Group is set to raise around $34 billion listing its shares in Hong Kong and Shanghai stock exchanges. Ant Group, the parent company of popular Alipay mobile payment app has priced its shares at $10.30 apiece

27 Oct 2020 12:57 pm
Paytm Money Launches ETFs Starting At Rs 44 For Gold, Rs 16 For Equity

Paytm said its wholly-owned subsidiary Paytm Money has launched Exchange-Traded Funds (ETFs) on its platform after approval from the Securities and Exchange Board of India (SEBI). ETFs are investment avenues that everyone should add to their portfolio to earn

27 Oct 2020 12:31 pm
Angel Broking Zooms 20% On Highest-Ever Profit In Q2FY21

Shares of Angel Broking which debuted recently on the Indian bourses zoomed up to 20% in intra-day trade on October 27, 2020 to Rs. 298.5 per share on the NSE. This is after the brokerage company posted the highest ever

27 Oct 2020 11:36 am
RBI Directs Banks On Payment Of Interest On Interest During Moratorium

On Tuesday, the Reserve Bank of India (RBI) issued a direction to banks and other lending institutions to take necessary actions within stipulated timelines on ex-gratia payment of the difference between compound interest and simple interest for the moratorium period, as

27 Oct 2020 11:34 am
Kotak Mahindra Bank Overtakes ICICI Bank In Market Value After Q2 Results

Kotak Mahindra Bank Ltd has overtaken ICICI Bank Ltd in market value after the former reported strong performance in the September-ended quarter. As per BSE's data on the top 100 companies by market capitalisation as per closing prices of 26 October,

27 Oct 2020 9:58 am
RIL, Future Group Stocks Fall Sharply In Trade On October 26, 2020: Here's Why

The shares of heavyweight stock Reliance Industries (RIL) in trade on October 26, 2020 cracked a huge 4% to Rs. 2028.7 apiece on the BSE as against previous closing price of Rs. 2112.55. The conglomerate's stock price came under pressure after

26 Oct 2020 5:04 pm
Covid Back To Haunt Markets, Sensex Slumps 540 Points

Benchmark indices slumped sharply in trade, as rising Covid cases from the US and Europe came back to haunt global markets. Dow Jones Futures pointed to cuts of nearly 1 per cent, while Europe was down more than 2 per cent

26 Oct 2020 3:34 pm
Reliance Retail To Enforce Rights To Complete Future Group Deal

Reliance Retail Ventures has said that it would enforce its rights and complete the future group deal. Reliance Retail Ventures Limited (RRVL) is informed of an interim order passed by the Emergency Arbitrator in the arbitration proceedings invoked by Amazon under

26 Oct 2020 9:30 am
Reliance Says It Intends To Complete Future Group Deal \Without Any Delay\

Late on Sunday, Reliance Industries Limited (RIL) issued a statement with regard to the arbitration proceedings initiated by Amazon. It said that its subsidiary Reliance Retail has entered into the said agreement to buy retail, wholesale and logistics businesses of the

25 Oct 2020 11:57 pm
RIL Withdraws Salary Cuts; Performance Bonus To Be Given Out

The oil to telecom conglomerate Reliance Industries (RIL) has rolled back salary cuts which it announced in the backdrop of Covid 19 lockdown in April-May this year. The move suggests that RIL is optimistic about future growth prospects and is

25 Oct 2020 11:24 pm
India's First Seaplane Service To Take Off From Sabarmati To Statue Of Unity

India's first seaplane service is likely to take off from Sabarmati riverfront to the Statue of Unity on 31 October, if all goes as per plans, said Union Minister Mansukh Mandaviya, as per a PTI report. No-frills carrier SpiceJet is in

25 Oct 2020 10:58 pm
Future Group-Reliance Deal Put On Hold On Amazon Arbitration Verdict: Report

The Singapore International Arbitration Centre (SIAC) passed an interim order asking Future Group to hold its plans to sell its retail and wholesale businesses to the Reliance Group and wait for the final judgment on the plea filed by Amazon Inc,

25 Oct 2020 9:47 pm
41% Surge In 5 Months: Should You Buy, Sell Or Hold Asian Paints?

On 22 October, Asian Paints reported a better than expected performance for the September-ended quarter. Its consolidated net profit rose by 1.2 percent year-on-year to Rs 851.9 crore due to higher tax cost. Its revenue for the quarter under review rose

25 Oct 2020 8:50 pm
FPIs Infuse Rs. 17,749 Crore In October So Far; Remain Net Buyers In Indian Markets

For the October month till date, FPIs have been net buyers in Indian markets and infused a sum of Rs 17,749 crore as there have been a host of positives to cheer investors including expansion in industrial and commercial activities, easing

25 Oct 2020 4:52 pm
HUL: Growth Prospects Remain Optimistic

Growth prospects for FMCG major Hindustan Unilever remain optimistic, brokerage firm Geojit has said in its latest report. The broking firm has set a target of Rs 2440 on the stock. As the virus related uncertainties fade& people start stepping

25 Oct 2020 3:24 pm
LIC's IPO May Be Postponed To Next Fiscal

Life Insurance Corporation (LIC's) mega initial public offer is likely to be launched in the next fiscal as the centre would first have a glance on the independent actuarial valuation of LIC, a top official is quoted as saying in

25 Oct 2020 12:56 pm
After Failed Delisting, Vedanta Board Approves Interim Dividend

On Saturday, Vedanta Limited said in a stock exchange filing that its board has approved its first interim dividend of Rs 9.50 per equity share, that is 950% on the face value of one rupee per share, for the financial year

24 Oct 2020 9:29 pm
PM Modi Inaugurates Kisan Suryoday Yojana In Gujarat

On Saturday, Prime Minister Narendra Modi inaugurated three projects in Gujarat via video conferencing. Modi inaugurated the 'Kisan Suryodaya Yojana' for providing 16 hours of power supply to farmers. He also inaugurated the Paediatric Heart Hospital attached with UN

24 Oct 2020 4:49 pm
Franklin Templeton Debt MF Wind Up Needs Unit Holder Consent: HC

The Karnataka High Court has ruled that Franklin Templeton India's decision to wind down its suite of six debt schemes cannot be taken till without obtaining the consent of investors of the said schemes. Franklin Templeton Mutual Fund shut down six

24 Oct 2020 3:31 pm
Finance Ministry Issues Guidelines On Moratorium Period Interest Waiver

This week, the Finance Ministry approved guidelines for a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for the 6-month moratorium period, on loans up to Rs 2 crore. These guidelines come in the

24 Oct 2020 9:19 am
Inflation Projected At 6.8% for Q2:2020-21: MPC Minutes

The Minutes of the Monetary Policy Committee (MPC) has projected CPI Inflation at 6.8 per cent for Q2:2020-21, at 5.4-4.5 per cent for H2:2020-21 and 4.3 per cent for Q1:2021-22, with risks broadly balanced. The Minutes of the MPC meet which

24 Oct 2020 9:10 am
Central Govt Offers Buffer Onion Stock To States To Keep Prices In Check

The central government has stepped up its efforts to bring down retail prices of onion, that have risen Rs 75-100/kg in some cities, by offering its buffer stock to states and union territories for retail intervention. As per data

23 Oct 2020 5:09 pm
SBI Launches Contactless 'Delhi Metro SBI Card' With Multipurpose Use

On Friday, SBI Cards & Payment Services, the payments arm of the State Bank of India (SBI), launched a contactless multi-purpose card in partnership with Delhi Metro that can function as a credit card as well as a metro smart card.

23 Oct 2020 4:55 pm
Burger King Raises IPO size To Rs 542 Crore

Burger King India, the Indian arm of US-based fast food giant, has modified its IPO offering and raised the size of the public issue to Rs. 542 crore In the initial filing with the SEBI in November 2019, the company

23 Oct 2020 3:05 pm
Onion Prices Surge To Rs 100/kg Ahead Of Festivities

Onion prices have soared to Rs 80-100 per kg across cities in India due to shortage in supply caused by unseasonal rains that have damaged crops. It is expected that rates will cross Rs 100 per kg in the coming days

23 Oct 2020 1:17 pm
Flipkart To Purchase 7.8% Stake In Aditya Birla Fashion & Retail

On Friday, Aditya Birla Fashion and Retail Limited, in a BSE filing, said that its board has approved the issuance of equity shares on a preferential basis to Flipkart Investments Private Limited, a foreign portfolio investor, aggregating to Rs 1,500 Crore.

23 Oct 2020 12:00 pm
Should You Buy Or Hold L&T Infotech (LTI) After Its Q2 Results?

Earlier this week, L&T Infotech (LTI) reported a 26.7 percent increase in consolidated net profit of Rs 456.8 crore for the September ended quarter against the net profit of Rs 360.4 crore in the same period a year ago.

23 Oct 2020 11:29 am
SBI Cards Falls 10% On Asset Quality Deterioration

Shares of SBI Cards And Payments Services slumped over 10% in intra-day trade on Friday (October 23, 2020) to day's low price of Rs. 762.7 per share on the BSE. This is after the credit card company on Thursday in its

23 Oct 2020 11:28 am
Technical Outlook: Nifty Support Zone At 11,810-11,740 Points

Here is a quick look at the various support and resistance from a technical point of view as provided by Mr. Ravi Singhal, Vice Chairman, GCL Securities Limited. Nifty support zone: 11,810-11,740 points Nifty resistance zone: 11,988-12077 points Bank Nifty support

23 Oct 2020 9:00 am
WhatsApp To Enable In-App Purchases For Business Chats

On Thursday, Facebook said that its messaging app WhatsApp would be offering in-app purchases and hosting services. This will allow its WhatsApp Business users to sell their products via Facebook Shops to customers over chat. Facebook Shops is an online store

22 Oct 2020 7:08 pm
Aurobindo Shares Slump On US FDA Warning For Subsidiary

Shares in Aurobindo Pharma slumped following a warning letter to its subsidiary. Further to our letter dated June 4, 2020, we would like to inform that the AuroLife Pharma LLC, a wholly owned stepdown subsidiary of the Company, has received a

22 Oct 2020 1:18 pm
Top 20 Jobs To Be In Demand Post Pandemic, Automation

If automation wasn't already a threat to existing jobs, the COVID-19 outbreak accelerated the decline in demand for certain front-end jobs. In its the Future of Jobs Report 2020, the World Economic Forum studied the effects of pandemic related disruptions and

22 Oct 2020 12:53 pm