StockMarket

Will clean chit to CEO in whistleblower case reverse Infosys stock's underperformance?
NEW DELHI: Infosys audit committee's clean chit to the top leadership, including CEO Salil Parekh, in the whistleblower case will likely give the company's shares a gap-up start on Monday.

Analysts said a 5-10 per cent upside in the stock in the near term cannot be ruled out.

The risk-reward looks favourable for Infosys, which trades at nearly 30

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Yes Bank seeks shareholder nod to raise Rs 10,000 crore
Mumbai: Yes Bank has sought shareholder approval to raise Rs 10,000 crore even as it rejected Canadian businessman Erwin Singh Braich’s offer to invest $1.2 billion. It will also consider a proposed $500 million investment by Citax Holdings in a fresh round of fundraising later.

In late November, the bank had said it plans to raise a total of $2

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Prestige Estate: Listing of REIT may lead to re-rating
After a successful listing of India’s first REIT IPO, Embassy Blackstone, another Bangalore based developer Prestige Estate seems to be gearing up for its REIT IPO. It recently issued preferential shares to GIC worth Rs 430 crore at the price of Rs 323 (current market price has gone below this price and is Rs 316) and has a REIT ready structure in
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By Swansy Afonso

Competition from an Indian state-run monopoly, which gets its coal mines free, may stymie Prime Minister Narendra Modi’s efforts to attract more investments into the sector.

India on Wednesday opened up coal mining to all companies, amending laws that had restricted it mainly to power and metals firms. Unlike Coal India Ltd., new

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ET INTELLIGENCE GROUP: The December quarter performance of Infosys was a mixed bag. While revenue and profit growth was broadly on expected lines, the operating margin was below the Street’s expectations and there was no visible revival in the major verticals of financial services and retail, which together contributed 47% to the total revenue in t
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CCI gives nod to ROC investment in Star Health

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JPMorgan sees ‘high anticipation& for CME Bitcoin options launch
By Joanna Ossinger

Institutional interest in Bitcoin-related contracts appears to be building and market measures indicate high anticipation of the launch of CME Group Inc. options on January 13, according to JPMorgan Chase - Co.

While a consortium known as Bakkt, which includes New York Stock Exchange parent Intercontinental Exchange Inc.,

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Snowman Logistics announces opening of open offer on stake buy by Adani Logistics
Mumbai: Snowman Logistics, which is being acquired by billionaire Gautam Adani's logistics arm Adani Logistics, on Friday announced the opening of the open offer from February 18.

The open offer for additional 26 per cent stake of over 4.34 crore equity shares at Rs 44 a share, will close on March 4, Snowman said in an exchange filing.

Last

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Want to know when Sensex will hit new high? Follow this stock
Private lender HDFC Bank, which is the most-valued Indian lender, can be a leading indicator to equity benchmarks’ future performance.

An analysis of price trends from the last two decades by Samco Securities has found that whenever HDFC Bank made new high, Sensex followed.

“HDFC Bank is a hidden indicator, which has reliably for an extended p

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By DK Aggarwal DK AggarwalCalendar year 2020 started with the intimidation by Great America, as prescribed by President Donald Trump after he took office at The Oval. With a strong military base across West Asia, especially in Iraq, Trump directed a drone strike and killed one of Iran's most powerful generals, raising fears of a major geopolitical flareup.

No

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Sterling and Wilson promoters must provide exit option to minority shareholders: InGovern
NEW DELHI: Shareholder proxy advisory firm InGovern has petitioned Sebi to force promoters of Sterling and Wilson Solar Ltd to provide an exit offer to minority shareholders alleging failure of promoters to keep the promise made in the IPO document.

Sterling and Wilson Solar Ltd got listed on the BSE and the NSE on August 20, 2019, after promoters

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Will market open for a Saturday Budget? BSE says it surely will
NEW DELHI: With the Union Budget likely to be tabled on a trading holiday (Saturday, February 1), stock exchanges are most likely going to work an extra day next month.

While BSE is on record saying it is looking to open for trading on the Budget day, NSE says it has nothing share on the subject as of now.

In 2015, when the then Finance Minister A

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Infosys audit panel gives clean chit to top leadership
Bengaluru: Infosys’ audit committee has issued a clean chit to the top leadership following a detailed probe into whistleblower allegations, company executives said. Also, the IT services firm said it would grow faster than anticipated in the current financial year. The double dose of good news for India’s second-largest software exporter comes aft
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10 firms to list commercial papers worth Rs 5,745 crore on BSE
New Delhi: Leading stock exchange BSE on Friday said 10 companies, including Larsen - Toubro Ltd, Sun Pharmaceutical Industries Ltd and BHEL, have filed applications with the bourse to list their commercial papers (CPs) for a total issue size of Rs 5,745 crore.

Larsen - Toubro Ltd, Manappuram Finance Ltd, ECL Finance Ltd, Sun

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What drove Infosys& Street-beating show in Dec quarter? Key takeaways
IT bellwether Infosys’ December quarter earnings on Friday was marked by Street-beating bottom lines, large deal wins and a higher revenue guidance.

“The company’s operating margins improved during the quarter driven by relentless cost optimisation and operating leverage,” said Nilanjan Roy, CFO at Infosys.

“Cash generation was extremely strong w

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RBI nod to UPI transactions for recurring payments
Mumbai:The Reserve Bank of India (RBI) will now allow consumers to give an e-mandate for recurring payments made through Unified Payments Interface (UPI), a move that is expected to ease small digital payments made at grocery shops and local stores.

This functionality will allow UPI users to bypass additional factor authentication (AFA) every time

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Dow surpasses 29,000 level for the first time
The Dow Jones Industrial Average on Friday crossed the 29,000 mark for the first time, as gains in technology and healthcare stocks offset concerns from a report showing slower-than-expected U.S. jobs growth in December.

The main U.S. indexes opened at a record high despite futures initially wobbling after government data showed U.S. jobs

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F O: Nifty trading range shifts to 12,000-12,400 zone; VIX rises
By Chandan Taparia

Nifty opened positive and extended its gains to make a new lifetime high of 12,311 on Friday. However, it witnessed some profit booking at higher levels and formed a long-legged candle on the daily scale, as it traded in a wide range of 100 points.

While it formed a Bullish Candle on the weekly scale and managed to close above

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The barometer of Mr Market’s greed and fear moved dramatically this week on the back of war rhetorics, which later receded quickly. Nonetheless, traders and investors became jittery, and even the FPIs took a pause on their buying for the week. However, the magic of SIP investing kept the inflow tap on for retail investors, who thereby kept on b
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Sebi levies Rs 1.83 cr fine on 29 entities for fraudulent trading in Dhanleela
New Delhi: Markets regulator Sebi has slapped a total fine of Rs 1.83 crore on 29 individuals for indulging in fraudulent trading in scrip of Dhanleela Investments and Trading Company Ltd.

The regulator has imposed fine in the range of Rs 5 to Rs 15 lakh each on the individuals for violating provisions of Prohibition of Fraudulent and Unfair Trade

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Market Movers: TaMo gains, YES Bank dives, Edelweiss hit; 10 stocks oversold
Tata Motors gained over 2 per cent in late trade on Friday after its flagship subsidiary Jaguar Land Rover showed signs of improving sales. December sales for the luxury carmaker increased 1.3 per cent.

YES Bank dived 5 per cent following the resignation of an independent director. Edelweiss Financial hit its 10 per cent lower circuit limit after

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Yes Bank audit panel chief quits board
Mumbai: Yes Bank independent director and chairman of the bank’s audit committee Uttam Prakash Agarwal resigned from the board amid a potential probe by the bank on whether he met the ‘fit and proper’ criteria set out by the Reserve Bank of India.

“The Bank was reviewing the ‘fit and proper’ status of Mr. Agarwal as directed by the Reserve Bank of

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IIP turns positive: Don&t interpret this as green shoots in economy, say experts
After contracting for three consecutive months, Index of Industrial Production (IIP) grew at 1.8 per cent in November on the back of improving manufacturing sector. The IIP growth in November 2018 was at 0.2 per cent.

According to the National Statistical Office (NSO) data, the growth in the manufacturing sector was 2.7 per cent as against a

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Retail, housing loans post strong growth in 2019

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IL FS plans equitable distribution of sale proceeds to creditors
Mumbai: In a relief to operational, unsecured creditors and provident funds, the IL-FS board has decided to revise the distribution framework for group resolution.

The new board proposed to release 55 companies out of moratorium. Some of these companies are under corporate insolvency process or facing liquidation and a few entities have

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Bondholders drag Reliance Home Finance to NCLT
Mumbai: A trustee to Reliance Home Finance’s bondholders has approached the National Company Law Tribunal (NCLT), seeking to recover Rs 3,500 crore of investment after the Reliance Capital unit missed repayments.

IDBI Trusteeship Services filed the application under the Companies Act, since this doesn’t require it to first seek the Reserve Bank of

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Culturally, Indian society sees debt as something that should be generally avoided. Last year, at a time when a number of companies struggled with debts, this sentiment was all pervading among stock investors, who shunned leveraged businesses to bet on debt-free ones. That resulted in an asymmetric rise of pockets of stocks.

Stocks of a majority

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NSE under another Sebi probe, this time for document leaks
MUMBAI: India’s largest bourse National Stock Exchange (NSE) is facing a fresh regulatory probe.

The Securities and Exchange Board of India (Sebi) is investigating an alleged leak of the exchange’s internal documents to brokers and market players, said three people privy to the development.

The capital markets regulator has issued a show-cause

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OMCs, upstream firms may see re-rating in 2020: UBS
Mumbai: Oil marketing companies and upstream companies are likely to re-rate in 2020 as privatization theme picks up and there is sustained strength in marketing business performance, said foreign brokerage UBS.

Moreover, refining margins are likely to recover due to International Maritime Organisation norms 2020 and Bharat Stage VI norms, it

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Bharti Airtel gains on robust response to QIP, FCCB
NEW DELHI: Shares of Bharti Airtel advanced in Friday’s session after the telecom operator’s $3 billion fundraising exercise received three times subscription, garnering pledges of $9-10 billion.

In a BSE filing, Airtel said a special committee of directors would be meeting on January 14 to consider the QIP issue price. This will include any

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