StockMarket

Quota in promotions: The jury is still out
Can a very senior bureaucrat’s grandson and great grandson be treated as “backward” for promotion, and that too in perpetuity The crucial observation from Supreme Court has once again thrown open the debate on the quota system in promotions.

A five-judge Bench constitution headed by chief Justice Dipak Misra has observed that there is no problem

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Govt to make it compulsory for unlisted cos to issue shares in demat form
The government will soon make it mandatory for unlisted companies to issue new shares only in the dematerialised form, senior officials said, amid intensified efforts to fight the black money menace.

Besides, the unlisted corporates would have to ensure that shares are transferred only in dematerialised (demat) or electronic form.

Initially, these

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Why is a rising market causing so much worry for investors: DK Aggarwal
Stock markets globally look cautious amid rising trade tensions, fears of slower GDP growth in China and a pricey dollar. There is a fear among market participants that escalating tariff battles could weigh on corporate profits.

However, the US stock markets are on the verge of recording their longest bull run in history. Robust corporate earnings

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Share market update: Private bank stocks rise up to 3%; ICICI Bank, YES Bank firm
NEW DELHI: Most private bank stocks were trading with decent gains in afternoon trade on Monday, keeping the sectoral index up.

The Nifty Private Bank index was trading 1.65 per cent up at 16,076 around 12:50 pm.

RBL Bank (up 3.19 per cent), ICICI Bank (up 3.07 per cent) and YES Bank (up 2.16 per cent) were the top gainers in the index.

IndusInd

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Friday’s session continued to see the market consolidating once again. After opening on a modestly positive note, the NSE benchmark Nifty pared its opening gains and drifted into the red. Though it remained in a capped range, it ended with a small loss of 25.65 points or 0.22 per cent.

On Monday, expect the market to make a flat to modestly

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Bankruptcy sword looms over 60 cos owing Rs 3.5L crore
HYDERABAD/MUMBAI: Banks will have to initiate bankruptcy proceedings against dozens of corporate defaulters next week as the six-month deadline set by the RBI on February 12 ends on Monday. The action will be required where the lenders have been unsuccessful in achieving resolution.

The total value of loans in these 60-odd accounts, which are

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Stock market update: Nifty PSU Bank index top sectoral gainer; SBI, BoB jump up to 3%
NEW DELHI: The PSU bank index was trading as the top sectoral gainer on NSE in afternoon trade on Monday.

Around 12:30 pm, the Nifty PSU Bank was trading 2.55 per cent up at 3,296.55 with all components in the green.

Shares of Canara Bank (up 3.58 per cent), Union Bank of India (up 2.94 per cent), State Bank of India (SBI) (up 2.76 per cent), Bank

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Now, FPIs need to fill only one form for registration, bank a/c, demat and PAN
The government has introduced a single application form for foreign investors to enter into the domestic capital market as part of the exercise to improve ease of doing business.

Earlier, foreign portfolio investors (FPIs) had to file a separate form to register themselves with the market regulator Sebi.

Besides, they had to approach bank for

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The market behaviour during the week gone by was on the expected lines. While the Nifty continued to mark gradual highs, there was no meaningful upward move. Nifty spent the truncated week marking marginal highs and continued to consolidate at higher levels. The benchmark index ended the week 86.35 points, or 0.75 per cent, higher.

As we approach

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RCom gains traction on asset sale to Jio
NEW DELHI: Shares of Reliance Communications were up and running on Monday as the telecom major completed sale of its fibre and related infrastructure assets worth of Rs 3,000 crore to Reliance Jio.

The Anil Ambani-controlled RCom though has faced many hurdles on its path for asset sale.

With successful completion of the monetisation

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Are emerging markets headed for a crisis
By Satyajit DasOver the past decade, a lot of capital has flowed into emerging markets thanks in part to excessive liquidity in advanced economies. This money has often found its way into risky or suspect investment structures. Should a crisis strike — say, contagion from Turkey — investors in these markets will be exposed to risks that they s
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The market was relatively flat during the week gone by and it looked like Nifty exhaust its upward move and could be ready for a downward drift soon.

Generally, the market takes support of an external event to begin a correction. However, there is a stark divergence in the smallcap and frontline indices. In the last 10 days, the smallcap and

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NEW YORK: US stocks are vaulting back to all-time highs. But the smart money isn’t celebrating.

Instead, they’re nursing pain. Hedge funds have seen returns dwindling even as the S-P 500 Index marches forward in what has become, by some measures, the longest bull market ever. An index tracking the performance of funds focusing on equities has f

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Fed's Bullard warns of recession risk in raising rates
JACKSON HOLE: St. Louis Federal Reserve Bank President James Bullard on Friday raised new alarm bells over the U.S. central bank’s plan to keep raising interest rates, warning that even one more rate hike could set the stage for recession.

Bullard, who spoke to Reuters on the sidelines of a conference here for global central bankers and

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Tesla to remain public at request of shareholders, Musk says
By Dana HullElon Musk scrapped his plan for taking Tesla Inc. private, more than two weeks after blindsiding employees and investors with the idea via a bombshell tweet.

In a blog post published late Friday, the company’s chairman, CEO and largest shareholder said he had met with Tesla’s board of directors and “let them know that I believe the bett

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Punj Lloyd stock goes up 5% on insolvency settlement
Shares of Punj Lloyd added over 5 per cent on reports that ICICI Bank settled the insolvency case involving the company.

A report by the TheIndianSubcontinent on June 15 said ICICI Bank approached the dedicated bankruptcy resolution court to recover Rs 830 crore of outstanding loans to Punj Lloyd, a New Delhi-based engineering and project

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Powell Doctrine emerges as Fed chief debuts at Jackson Hole
By Craig TorresJerome Powell laid out a doctrine of basing monetary policy as much on how the economy performs in reality as on the prescriptions of academic models as his Federal Reserve tries to extend a nearly decade-long expansion.

In his first speech as Fed chief at an annual conference in Jackson Hole, Wyoming, Powell defended his gradualist

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Too much worry over MFs is a bad thing, Sebi
Sebi chairman Ajay Tyagi is a worried man. Of late, Tyagi has taken to public worrying about the poor, vulnerable, small investor. He worries a tad too much. He worries about concentration in the mutual fund (MF) industry.

He should worry, more usefully, on why the Tier II account of the National Pension System, which offers the general public

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Central Banks hear warnings on global trade, low trust
by Jackson Hole

A discussion of competition and “superstar” firms at an exclusive economic policy conference in Jackson Hole, Wyoming, threw up a spirited defense of global trade, while central bankers were also warned of the low level of trust they enjoy among the public.

“We should think twice about undermining the discipline of openness” and the

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FPIs stay bullish on India, invest Rs 6,700 crore in Aug
New Delhi: Foreign investors have pumped in a little over Rs 6,700 crore into the Indian capital markets so far this month on improvement on the macro front, better corporate earnings and correction in the mid and small-cap space.

The latest inflow comes following a net infusion of over Rs 2,300 crore in the capital markets -- both equity and debt

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China removes foreign-stake limits in banks
BEIJING: China removed limits on foreign ownership of its banks and bad-debt managers, pushing ahead with a previously announced plan to open its financial system despite rising trade tensions with the US. Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in
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Share market update: Over 40 stocks defy positive market mood, hit 52-week lows
NEW DELHI: Despite positive market sentiment, over 40 stocks, including Bafna Pharmaceuticals, Alchemist, AYM Syntex, Bombay Rayon Fashions and D B Realty, hit 52-week lows on NSE in Monday's session.

Energy Development Company, IL-FS Transportation Networks, Jaiprakash Associates, Jaypee Infratech, Metalyst Forgings, Nesco, SPML Infra, TD

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Sebi plans to deploy technology to beef up surveillance activities
New Delhi: Eyeing a major technological leap in its surveillance and investigation functions, markets watchdog Sebi plans to build a private data storage cloud, automate its inspection of brokers and make greater use of data analytics.

Besides, the regulator is looking to put in place new and advanced software tools to help in its monitoring of

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Indiabulls arm to raise Rs 2,000 crore
MUMBAI: Indiabulls Commercial Credit, a subsidiary of Indiabulls Housing Finance that gives retail loans other than those for buying homes, is for the first time tapping the capital market to raise about Rupee2,000 crore in a local public bond sale.

The bonds may offer rates in the range of 8.80-9.10per cent across threefive and 10-year

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NEW DELHI: Dalal Street analysts are divided on the prospects of the Bandhan Bank stock after news reports surfaced that the newly-listed lender is looking to acquire PNB Housing Finance.

Some feel the acquisition could lead to several integration risks for the fledgling bank, which could impact the company’s return on equity (RoE) and erode p

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Tweet Buster: Value investing tips, PE insights and ‘All is well& chants
The week gone by was one of new highs for Indian equities. Global disruptions could do little to dampen investors’ spirit, as the indices logged gains for the fifth straight week. Sensex gained 303 points, or 0.80 per cent, for the week and Nifty 86 points, or 0.75 per cent.

But D-Street mavens were not as euphoric on Twitter. Instead, they

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We will have capex but don-t require the kind of cash reserves we have: L T CEO
MUMBAI: Larsen - Toubro’s decision to buy back Rs 9,000-crore worth of stock from shareholders reflects the engineering behemoth’s strategy to be assetlight and execute projects that do not require significant cash expenses.

“We will have capex but the jobs we have on hand don’t require the kind of cash reserves we have; so, we have decided to

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Stock market update: Over 50 stocks hit 52-week highs on NSE
NEW DELHI: Over 50 stocks, including Reliance Industries, Axis Bank, Aditya Birla Fashion and Retail, AstraZeneca Pharma India, Bajaj Finance and Birla Cable, touched 52-week highs on SNE in Monday's positive market.

Dabur India, Divi's Laboratories, Glenmark Pharmaceuticals, GlaxoSmithKline Pharmaceuticals, Havells India, JSW Steel, Merck, Page

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NEW DELHI: Last week, a truncated one, saw domestic equity benchmarks Sensex and Nifty rise for the fifth consecutive week, despite headwinds in the form of weak global cues, trade war worries, a falling rupee and firming crude oil prices.

Falling for the first time in five sessions, the indices took a breather on Friday, as profit booking

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MUMBAI: CLSA has raised red flag on Colgate-Palmolive Asia Pacific’s stake purchase in Bombay Shaving Company as it believes the move does not bode well for the Indian subsidiary’s shareholders. Shares of Colgate-Palmolive (India) came under pressure on Friday, ending down 1.8% at ₹1,168.95 on the BSE.

Colgate-Palmolive NSE Asia Pacific Ltd, a

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