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Future Retail board approves raising funds up to $ 500 million
New Delhi: Kishore Biyani-led Future Retail on Saturday said its board has approved raising of long-term funds up to USD 500 million (around Rs 3,588 crore) for the acquisition of certain in-store infrastructure retail assets.

"The board has reconsidered the various funding options for the acquisition of the retail infrastructure assets and found

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Wall Street slips from record highs after US kills top Iranian commander
Wall Street's major indexes fell from record highs on Friday after a U.S. air strike in Iraq killed a top Iranian commander, sharply escalating geopolitical tensions in the Middle East and sending investors scurrying to safe-haven assets.

Iran vowed revenge after Qassem Soleimani, head of its elite Quds Force, was killed in the air strike that was

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F O: Nifty needs to break out of consolidation range of last 12 days
Nifty50 opened with a marginal loss on Friday amid rising tension in West Asia and started correcting from the word go. The benchmark indices continued to make lower lows for most part of the session. However, due to some pullback towards the fag end, Nifty managed to trim some of the losses and formed a red-bodied candle with a lower shadow on
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Q3 earnings: IT biggies likely to report modest revenue growth, healthy deal wins
NEW DELHI: Domestic IT firms are likely to post up to 2 per cent sequential growth in December quarter revenue in constant currency (CC) terms for the seasonally weakest period of the year. Growth in verticals like retail and BFSI may remain tepid, but the companies many report a healthy rise in deal wins.

Management commentaries for Calendar 2020

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HDFC to raise up to Rs 5,000 crore next week
New Delhi: India's largest mortgage lender HDFC Ltd will raise up to Rs 5,000 crore by issuing bonds on a private placement basis to shore up its long-term capital needs.

The secured redeemable non-convertible debentures will bear coupon rate of 7.50 per cent per annum, HDFC said in a regulatory filing on Friday.

The issue size of the bond issue

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IT stocks gain on weak rupee
IT stocks gain on weak rupee - The TheIndianSubcontinent

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Fed policymakers broadly see eye to eye on 2020 outlook
SAN DIEGO/BALTIMORE: Federal Reserve policymakers who last year were frequently at odds over where to set US borrowing costs opened 2020 telegraphing confidence in the state of the economy and signaling broad agreement that monetary policy is right where it should be.

In their first remarks in the new year, heads of several regional Fed banks

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Nomura expects ICICI Bank, Axis Bank to get re-rated
Mumbai: Foreign brokerage Nomura said it sees more legs to the re-rating story of corporate private lenders Axis Bank and ICICI Bank even as these stocks are sharply up.

Raising target price on ICICI Bank by 8.5% to Rs 700 and on Axis Bank by 10.5% to Rs 1050, Nomura said both the lenders remain its top sector picks.

Shares of ICICI Bank ended

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Tech View: Nifty forms bearish candle, upside looks capped
The bears took charge of Dalal Street on Friday and pushed down the equity benchmarks after a US strike in Baghdad killed Qassem Soleimani, commander of Iran’s elite Quds force and architect of its growing military influence in West Asia, flaring tensions in the oil-producing belt.

Before closing 55 points, or 0.45 per cent, down at 12,226, Nifty

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China banking regulator eases market access for foreign lenders
SHANGHAI: China's banking and insurance regulator (CBIRC) has released new rules which make it easier for foreign lenders to enter the Chinese market.

The measures cancel the total asset requirements for foreign banks to set up businesses in China and relax limitations on shareholders of joint venture lenders, according to a notice posted on the

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Sebi tweaks rating withdrawal norms for CRAs
The Securities and Exchange Board of India (Sebi) on Friday said if companies are not cooperating with credit rating agencies (CRAs) on disclosure of loan defaults then CRAs should issue INC (Issuer not cooperating) ratings.

"If an issuer has all the outstanding ratings as non-cooperative for more than six months, then the CRA shall downgrade the

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China stocks up 5th week on stimulus, trade optimism
China stocks slipped on Friday, but finished the first week of a new decade higher with a five-week winning streak as Beijing eased monetary policy to shore up the economy even as investors cheered a thaw in Sino-US trade tensions.

The blue-chip CSI300 index fell 0.2 per cent to 4,144.96, while the Shanghai Composite Index slipped 0.1 per cent to

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The Indian stock market moved at snail’s pace this week, giving no clear sign on the way forward. FIIs and DIIs also signalled a confused state, as there was no aggressive buying. However, institutional investors have turned bullish on infrastructure, power, metals, realty and cement segments, probably in anticipation of the forthcoming Budget s
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BENGALURU: One of the co-founders of Indian airline IndiGo is seeking to modify rules on the sale and purchase of shares by its main shareholders amid a bitter spat with his founding partner in the country's largest carrier.

Rakesh Gangwal, who co-founded IndiGo with Rahul Bhatia, is seeking to delete certain rules in the company's articles of

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Share market update: Nifty CPSE index slips; Bharat Electronics drops 1%
NEW DELHI: The Nifty CPSE index was trading with loses in Friday's afternoon session.

Shares of Bharat Electronics (down 1.41 per cent), NTPC (down 1.11 per cent), Coal India (down 0.71 per cent), NBCC (India) (down 0.67 per cent), REC (down 0.38 per cent), Indian Oil Corporation (down 0.24 per cent) and Power Finance Corporation (down 0.17 per

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By DK Aggarwal

With so much uncertainty about India’s macroeconomic outlook, it is important to make sure your equity allocation is positioned to do well no matter what happens to the economy.

Over the years, domestic institutional investors have come to acquire substantial clout in the equity market, which once used to rest with the foreign

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Adani Ports to acquire 75% stake in Krishnapatnam Port Company
MUMBAI: Adani Ports and Special Economic Zone on Friday announced its decision to acquire a controlling stake in Krishnapatnam Port Company Limited (KPCL) in what would be the largest acquisition in the port sector in India.

The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise value of Rs 13,572 crore after prolonged talks to

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Share market update: Nifty Commodities index down; JSW Steel loses 1%
NEW DELHI: The Nifty Commodities index was trading in negative zone in Friday's afternoon session.

Shares of HPCL (down 1.76 per cent), National Mineral Development Corp (down 1.49 per cent), ACC (down 1.39 per cent), Hindalco Industries (down 1.29 per cent), JSW Steel (down 1.18 per cent), NTPC (down 1.07 per cent), UltraTech Cement (down 1.03

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Insurance startups get $183 million in 2019
Mumbai: India’s nascent ‘Insurtech’ sector seems to be coming of age attracting investments worth $183 million in 2019, the highest ever in a calendar year, even though investment rounds were fewer last year.

Investments nearly doubled from $89.2 million in 2018, with investment rounds reducing to 11 from 18 a year ago, data sourced by ET from

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Mumbai: AMFI on Friday reclassified Adani Transmission, Info Edge, Kansai Nerolac Paints, Muthoot Finance and REC as largecap stocks. On the other hand, Cadila Healthcare, Indiabulls Housing Finance, New India Assurance, Vodafone Idea and YES Bank were moved to the midcap list.

AMFI on a half yearly basis releases a list, as mandated by Sebi,

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Qassem Soleimani death stalls rally on D-Street: Why is it such a bad news?
A sudden spurt in geopolitical tension in West Asia after a US airstrike killed top Iranian military personnel, Qassem Soleimani, made Dalal Street sit up and take note on Friday morning.

For, it threatens to not only derail India’s bull market, but also disturb the government’s fiscal arithmetic, should it lead to a spike in crude oil prices as is

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Budget may introduce tax dispute settlement scheme
MUMBAI: The government is considering a litigation settlement scheme in the upcoming budget that will allow companies to put an end to legacy tax disputes by paying a portion of the money demanded by the revenue department, said four people with knowledge of the matter.

This could help bridge the fiscal deficit gap and monetise a part of the

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Sebi issues new framework for core settlement guarantee fund, non-defaulting members
Markets regulator Sebi on Friday came out with a new framework for core settlement guarantee fund and liability of non-defaulting members of clearing corporations.

The move has been taken following deliberations made by Sebi's risk management review committee and various stakeholders.

A core Settlement Guarantee Fund (SGF) is a corpus used for

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Share market update: Private bank shares slip; RBL Bank dips 3%
NEW DELHI: Most of the private banks were trading with losses in Friday's afternoon session.

Shares of RBL BANK (down 2.88 per cent) , HDFC Bank (down 1.68 per cent) , Axis Bank (down 1.4 per cent) , Federal Bank (down 1.3 per cent) , IDFC BANK (down 0.98 per cent) , City Union Bank (down 0.6 per cent) , ICICI Bank (down 0.57 per cent) , Kotak

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Fed minutes: Policymakers see rates on hold amid downside risks to US economy
By Craig TorresFederal Reserve officials said their monetarypolicy was likely to remain appropriate “for a time” even amid what they saw as persistent downside risks.

“Participants regarded the current stance of monetary policy as likely to remain appropriate” as long as incoming reports affirmed their outlook, minutes of the Dec. 10-11 Federal Ope

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BSE equity derivatives volume scales past Rs 3,000 crore
BSE: BSE equity derivatives volume scales past Rs 3,000 crore - The TheIndianSubcontinent

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Share market update: PSU shares trade lower; HPCL falls 2%
NEW DELHI: Shares of PSU were trading in the green in Friday's afternoon session.

Shares of HPCL (down 1.78 per cent) , National Mineral Development Corp (down 1.52 per cent) , Bharat Heavy Electricals (down 1.32 per cent) , Bharat Electronics (down 1.31 per cent) , NTPC (down 1.19 per cent) , Power Grid Corporation of India (down 1.15 per cent)

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ICRA maintains negative outlook on passenger vehicles, CVs
MUMBAI: Rating agency ICRA on Friday maintained a "negative" outlook on the passenger vehicle (PV) and commercial vehicle (CV) segments while maintaining a "stable" outlook on the two-wheeler OEMs and tractor segments.

The negative outlook on the PV sector was due to the slowing economic growth, the sharp decline in wholesale despatches to destock

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After Market: IIFL Sec, IndiGo, DMart IT names fly high; 223 hit upper circuits
Shares of IIFL Securities hit the 5 per cent upper circuit limit for the second day in a row and stayed there throughout Friday. This followed some share buying by Big Bull Rakesh Jhunjhunwala on the counter.

Shares of InterGlobe Aviation got a boost after the company announced an extraordinary general meeting in January-end to discuss the

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Share market update: Infra stocks fall; RInfra down 3%
NEW DELHI: Shares of infrastructure companies were trading with losses in Friday's afternoon session.

Shares of Reliance Infrastructure (down 2.78 per cent) , CESC (down 1.7 per cent) , Bharat Heavy Electricals (down 1.54 per cent) , Reliance Power (down 1.41 per cent) , Siemens (down 1.25 per cent) , Adani Power (down 1.09 per cent) , Power Grid

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