Yes Bank: YES Bank part-time chairman gets extension - The TheIndianSubcontinent

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The tenure of Dutt, whose appointment was approved in

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Share market update: Nifty Pharma index down; Biocon slips 3%
NEW DELHI: Pharma shares were trading lower in Thursday's morning session with their sectoral index trading lower.

Shares of Biocon (down 3.18 per cent) , Glenmark Pharmaceuticals (down 1.35 per cent) , Cadila Healthcare (down 1.21 per cent) and Cipla (down 0.96 per cent) were the top losers in the index.

Divi's Laboratories (down 0.44 per cent)

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DCM Shriram, Cochin Minerals among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 22.51 points up at 39,054.06 on account of buying in frontline bluechip counters.

Shares of Ind Renewable Energy (up 17 per cent), Gujarat Hy-Spin (up 16.07 per cent), Prakash Woollen (up 13.32 per cent), Swasti Vinayaka (up 13.18 per cent), Swasti Vinayaka (up 12.30 per cent),

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Sensex rises 100 points, Nifty tests 11,750 on easing crude prices, FPI inflows
NEW DELHI: Easing oil prices and a strengthening rupee favoured an upbeat start for the benchmark indices on Friday as domestic markets near an end to the truncated week.

Oil prices slipped, keeping the market in the green zone, extending a steep fall from the previous session on surging US output and an expected supply increase from producer club

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Yes Bank Share Price: YES Bank climbs 4% after Tuesday's 29% slide; analysts stay cautious - The TheIndianSubcontinent

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India’s demographic pyramid has traditionally meant that consumer staples would remain evergreen in any investment basket. That script now seems to be changing, and changing rather quickly. Business models that have largely been commoditised no longer offer the margin of safety they once did.

The cement sector is one such example, wherein

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dalal street: Global funds queue up on D-Street - The TheIndianSubcontinent

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Allocation by global emerging market funds was the highest at

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Reliance, SBI Mutual Fund write down NAVs of some plans
The net asset values (NAVs) of some schemes in the debt and hybrid categories of Reliance Mutual Fund and SBI Mutual Fund dipped by 0.88% to 3% on May 28, reflecting the mark down in securities of Reliance Home Finance and Reliance Commercial Finance after rating downgrades.

These fund houses have marked down their holdings in these securities by

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PUNE: Indian trade body Cotton Association of India (CAI) has strongly objected to the cotton production estimates issued by the United States Department of Agriculture (USDA) about India’s cotton production. USDA’s cotton production estimate for India for 2018-19 is 7.5 per cent higher than the estimate of CAI.

Atul Ganatra, president, CAI said,

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Investors in some of UTI’s debt mutual funds just took another battering, thanks to their exposure to a unit of Infrastructure Leasing - Financial Services (IL-FS), reflecting the continuing damage to India’s debt markets stemming from the financier’s default in September last year.

Worst hit was UTI Banking - PSU Debt Fund — its net a

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TVS Motor tanks 8% as Q4 results disappoint Street
NEW DELHI: Shares of TVS Motor tanked 8 per cent in Thursday’s trade following the company’s worse-than-expected March quarter results.

The two-wheeler maker reported 19.18 per cent YoY fall in March quarter at Rs 133.83 crore. Revenue from operations for this Chennai based company rose 9.4 per cent to Rs 4,384.04 crore. Following the weak

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Insurers run for cover after ratings cut of RCap co papers
reliance capital: Insurers run for cover after ratings cut of RCap co papers - The TheIndianSubcontinent

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Asian markets calm as investors await US jobs report
SYDNEY: Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a U.S. rate cut this year while oil prices loitered near one-month lows on oversupply fears.

Australia's benchmark index was last up 0.2 percent, New Zealand shares were off 0.5 percent while South

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Share market update: IT shares dip; Infosys down over 1%
NEW DELHI: IT shares were trading with losses in Thursday's morning session.

Shares of Tata Elxsi (down 1.48 per cent), Infosys (down 1.16 per cent), Tata Consultancy Services (down 1.01 per cent)and HCL Technologies (down 0.58 per cent) were the worst performers in the index.

Wipro (down 0.57 per cent), Oracle Financial Services Software (down

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What is free cashflow
Free cashflow (FCF) is the amount of cash left after a company pays for operating expenses and capital expenditure during a fiscal.

1. Why is it important to track FCF during a financial analysisFinancial parameters such as turnover and profit may suffer from manipulative accounting but, cash generated from operations has a lesser probability of

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Central banks ditching the dollar for gold
First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the US dollar.

Global gold reserves rose 145.5 tons in the first quarter, a 68 per cent increase from a year earlier, the World Gold Council said Thursday in a report. Russia remains the largest buyer

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Share market update: PSU Bank shares gain; PNB rises nearly 3%
NEW DELHI: Shares of PSU banks were trading with gains in Thursday's morning session.

Shares of Punjab National Bank (up 2.83 per cent), Bank of India (up 2.38 per cent), Union Bank of India (up 1.80 per cent) and Syndicate Bank (up 1.73 per cent) were the top gainers in the index.

Jammu - Kashmir Bank (up 1.65 per cent), Canara Bank (up 1.42

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MUMBAI: Edelweiss has downgraded Bank of Baroda to ‘reduce’ from ‘buy’ and lowered target price to Rs 113 from Rs 155 on the likelihood of weaker earnings amid merger with Vijaya Bank and Dena Bank.

We believe the proposed merger entails costs and other challenges, and will take time to be consummated. The corporate cycle is looking up, but the

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NEW DELHI: NSE barometer Nifty50 has been consolidating in a broad range between 11,550 and 11,850 since March-end. The lower end of this range has offered strong support on multiple occasions, but there has been lack of confidence at higher levels

Analysts say the index could soon attempt to break above the range. This may bode well for stocks

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Jet Airways dives 20% as bidders show no expressions of interest
NEW DELHI: Shares of Jet Airways plunged over 20 per cent in Thursday’s trade as bidders for the debt-ridden airline showed no interest following up on their expressions of interest, dashing hopes of an early revival of the airline.

Three of the four qualified bidders — Etihad Airways, Indigo Partners and TPG Capital — have not signed n

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Stocks, commodities, forex, bond markets shut
NEW DELHI: India's stock exchanges, forex and bond markets are closed on Wednesday on account of Maharashtra Day. Commodity exchanges will remain shut in the morning session but will resume trade in the evening.

Globally, stock markets across Japan, China, South Korea, Singapore, Spain, Italy, France, Hong Kong, among others, are shut for the day

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Share market update: 18 stocks hit 52-week highs on NSE
NEW DELHI: Around 18 stocks rose to touch their 52-week highs on NSE in Thursday's session.

Among the stocks that touched their 52-week highs were ABB India, Bajaj Finance, Balaxi Ventures, Balrampur Chini Mills and Dr. Reddy's Lab.

Fine Organic Industries, HDFC Bank, PVR, Reliance Industries, SRF and Tech Mahindra also featured among the stocks

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Share market update: Auto shares mixed; TVS Motor slips 3%
NEW DELHI: Auto shares were trading on a mixed note in Thursday's morning session after many auto companies announced muted April auto sales numbers.

Shares of Hero MotoCorp (up 1.76 per cent), Mahindra - Mahindra (up 1.49 per cent), MRF (up 1.47 per cent) and Ashok Leyland (up 1.21 per cent) were the top gainers in the index.

TVS Motor

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MUMBAI: Shares of Yes Bank plunged 29% on Tuesday after reporting its first ever quarterly loss, leading to an erosion of Rs 16,000 crore in market capitalisation. Institutional investors lost nearly Rs 10,000 crore in value of their holdings. The fall in the stock was its biggest-ever one-day decline.

On a closing basis, the stock ended at the

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Share market update: Realty shares up; DLF rises over 1%
NEW DELHI: Realty shares were trading in the positive zone in Thursday's morning session.

Shares of Brigade Enterprises (up 1.78 per cent), DLF (up 1.04 per cent), Godrej Properties (up 0.80 per cent) and Sobha (up 0.72 per cent) were the top performers in the index.

Sunteck Realty (up 0.42 per cent), Oberoi Realty (up 0.35 per cent) and Mahindra

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NEW DELHI: Domestic markets recouped losses after witnessing a gap-down start. Investors shrugged off weak cues from US markets, which fell over half-a-per cent in overnight trade, as the US Federal Reserve stayed status quo on the policy rate. Fed Chairman Jerome Powell's comments dashed hopes of a rate cut later in the year. But the domestic

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KKR, GIC to invest Rs 2,000 cr in Sterlite Power Trust
MUMBAI: Sterlite Power Transmission and US private equity giant KKR have agreed to be cosponsors and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector.

India Grid Trust (IndiGrid) is aiming to raise

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Smallcaps that earned Anil Goel a Rs 150 crore bonanza in 4 months
Anil Kumar Goel, one of Dalal Street’s leading individual investors known for his love for smallcaps and microcaps, has already made more than Rs 150 crore so far this calendar.

Data available with corporate database Ace Equity showed the worth of his portfolio increased to nearly Rs 970 crore as of April 25 from Rs 815 crore at the beginning of

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Jet Airways, McLeod Russel among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 15.43 points down at 39,016.12 on Thursday on account of selling in frontline bluechip counters.

Shares of Zenith Exports (down 19.92 per cent), Golden Goenka (down 17.72 per cent), Jet Airways (down 17.71 per cent), McLeod Russel (down 13.41 per cent), Polymech Mac (down 12.90 per

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Corp FDs, NCDs draw investors wary of debt MFs
MUMBAI: The prevailing stress in debt mutual funds is prompting investors to put incremental money into fixed deposits and non-convertible debentures (NCDs). Investment advisors say fixed deposits and NCDs of top-rated NBFCs are seeing higher inflows these days than last year with returns from various debt mutual funds taking a knock due to

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