RIL SHARES TUMBLED TO 11 YEAR LOW

Highlights:

• TCS overtook RIL and became the number 1 m-cap.
• Crude oil prices were recorded as the lowest since February 2016.
• RIL shares tumble as crude oil prices slump by 31 percent.

Reliance Industrial Limited (RIL) sha...

MAXXIS TYRES BET ON INDIA TO ENTER THE LIST OF 5 GLOBAL TYRE MAKERS

Highlights:

• Maxxis tyres are investing $400 million on its first manufacturing plant at Gujarat, India.
• Maxxis tyres have set the target of acquiring 12 percent of the two-wheeler tyre market in India by 2023.
•   Maxxis is the worl...

COAL INDIA PRICE SHARE GAINS HAS SURGED BY 4%

Highlights:

• Coal India production has increased for the third consecutive month.
• Production for February is at 14.2 percent on-year basis.
• Coal India stocks are trading at a price of Rs. 173.6 during the trading day.

Coal ...

VODAFONE IDEA SHARES SURGED BY 48%

Highlights:

• Vodafone Idea share settled at Rs. 4.49 apiece on BSE after it surged by 48 percent.
• The government wants to retain at least three private players in the industry.
• Vodafone Idea paid Rs. 2,500 crores to the Department of Telecom...

IPO FOR BARBEQUE NATION WILL BE OUT SOON

Highlights:

• Barbeque Nations has filed fresh papers to SEBI for its IPO.
• According to the media reports, the Barbeque nation is planning to raise Rs. 1,000-1,200 crores through the IPO.
• The IPO will allow 50 percent to QIBs and 15 percent t...

SBI IS NOT AMONG TOP 10 MOST-VALUED FIRMS ON BSE

Highlights:

• SBI was overtaken by Bajaj Finance on the list.
• Bajaj Finance stands at the 10th position on the most valued companies list in terms of market cap.
• Bajaj Finance is trading at Rs. 4,768 per share.

India's l...

GAIL Q3 NET SLUMPS BY 25%

Highlights:

• The net profit in the Q3 2019 is lower than that recorded in 2018 for the same period.
• The petrochemical business posted a loss of Rs. 8.51 crores compared to a pre-tax profit of Rs. 29.71 crores in 2018.
• GAIL has declared an in...

EMAMI Q3 PROFIT IS AT RS. 144 CRORES

Highlights:

• The total income of the FMGC was at Rs. 828.22 crores, which is up by 1.02 percent.
• Total net profit of Rs. 137.54 crores in the October-December quarter in a year ago.
• It marked growth of 8 percent in the 65 percent of the port...

BANK OF INDIA GAINED PROFIT IN THIRD QUARTER

Highlights:

• Net profit accounts for Rs. 138.20 crores for December quarter 2019-20.
• Bad-loans has been reduced to Rs. 4,028.03 crores.
• Gross Non-performing Assets are at 16.30 percent in the same quarter.

On Friday, Bank o...

DABUR INDIA NET Q3 PROFIT SURGED

Highlights:

• Q3 net profit is up by 8.62 percent which accounts for Rs. 398.87 crores.
• Dabur’s domestic FMGC business has seen a growth of 5.6 percent during the quarter.
• Revenue from other segments has up by 1.16 percent for the compa...

BAJAJ FINANCE SHARES SURGED

Highlights:

• Bajaj Finance has gone up by 5.09% and traded at Rs. 4,427 during the trading day.
• Quarterly profits account for 52% until December 31.
• Assets under management (AUM) have seen a growth of 35% by 31st December 2019.

INDIA ASKS QATAR TO LOWER ITS LNG PRICES

Headlines:

• India asks Qatar to lower its price for gas supplies under a long-term contract.
• Qatar supplies a total of 8.5 million tones of liquified natural gas (LNG) annually to India.
• India is the third-largest importer of LNG buyers.

SBI TO LAUNCH ITS SBI CARDS IPO

Highlights:

• State Bank of India is planning to launch SBI Cards IPO in February 2020.
• It will raise Rs. 9,000 crores.
• The key risk to the SBI group card will include regulatory risk on MDR/interchange fees, Higher capital requirement, and i...

SHRIRAM FINANCE HOLDS THE PLAN TO MERGE WITH RBI

Highlights:

• Shriram finance holds the plan to merge with Reserve bank of India (RBI) after the Indian central bank has requested it to cut its stake in the insurance sector.
• The central bank initiated the request as the insurance sector is not the rem...

TCS TO LAUNCH ITS FIRST SOFTWARE PLATFORM FOR INDIAN MARKET

Highlights:

• Launching an India-specific software platform will allow the company to surge the growth in India.
• A total of 6 percent of TCS revenue comes from the Indian business, which accounts for billions of dollars annually.
• In the curre...

INDIA BECAME THE 4TH BEST MARKET FOR THE GLOBAL INVESTORS

Highlights:

• A survey on the perception of the CEOs released during the meeting of the World Economic Forum revealed that India is the 4th best Market for global companies who are looking for growth.
• The first 3 countries are the US, China, and Germany...

NEED OF INDIA IN CORPORATE BOND MARKET

There have been some rumors that the banks are forcing the government not to set up a new development financial institution (DFI). DFI will be set up to provide long-term capital for infrastructure projects.

The demand sounds reasonable. The banks with a large portfolio of short-term de...

SHRIRAM TRANSPORT FINANCE RAISED FUNDS VIA BOND

Today, non-banking lender Shriram Transport Finance (STFC) has raised a fund of USD 500 million (approximately, Rs. 3,556 crores) through dollar bonds. This is the first international public social bond issuance from India.

The money was raised through 144A/Reg S bonds which has a tenor...

Indian Economy fell in 2019 but seems promising in long term

Stoppage in the Indian economy presents difficulties for buyer solid organizations, however long haul basics of the market seem sound and promising, Marc Bitzer, worldwide CEO of the $21-billion American purchaser durables monster Whirlpool, has said. The organization, which has over 25-year-long...

Automobile slowdown & India economy

Slowdown in the given economy India is one of the countries which is developing at a very high rate but is also, on the other hand, pacing with depression in certain sectors and when it comes to the automobile sector there are certain segments in automobile market which are growing at a very high...