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BJPAmit Shah has diversified stock investment portfolio; Rahul Gandhi prefers mutual funds
NEW DELHI: BJP President Amit Shah, who was a stock broker by profession before jumping into active politics, owns hundreds of listed and unlisted stocks, key among them being RIL, TCS, Bajaj Auto, Colgate-Palmolive, Grasim, HUL, L-T Finance and UltraTech Cement, among others.

His affidavit, filed with the Election Commission of India (ECI)

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MUMBAI | NEW DELHI: Private equity players TPG, Indigo Partners and the government-anchored National Investment and Infrastructure Fund (NIIF) are teaming up to submit an expression of interest (EoI) for Jet Airways, said multiple sources, even as lenders explore an alternative by way of an operational turnaround if the bidding evokes lukewarm
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DHFL, PC Jeweller among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 154.80 points up at 38,839.52 on Friday on account of buying in frontline bluechip counters.

Shares of Agri-Tech (India) (up 19.98 per cent) , Womens Next Lounge (up 19.22 per cent) , Media Matrix (up 18.95 per cent) , Simplex Casting (up 16.58 per cent) , Polymech Mac (up 15.67 per

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The week that was: LVB, TaMo, RCom, Embassy REIT among top newsmakers
NEW DELHI: The domestic equity market extended its winning run into the first week of FY20, with BSE Sensex rising 0.5 per cent in five sessions to 38,862, and Nifty50 adding 0.36 per cent to 11,665.

Bouts of profit booking seen during the week could not deter the two indices from scaling record high levels and log seventh week of consecutive

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Goldman sees RBI pause on rate in rest of 2019, two hikes in 2020
Mumbai: While many analysts expect another rate cut in the June policy, Goldman Sachs Friday said the Reserve Bank is likely to wait to see the impact of the past two consecutive rate actions and assess the macroeconomic factors following general elections and a clearer picture on the monsoons to emerge.

The Wall Street brokerage goes one step

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Stocks jumps 200 pts as rupee recovers, Nifty tops 11,650; LVB jumps 5%
NEW DELHI: Benchmark indices jumped over half-a-per cent in Friday’s trade, as the rupee recovered some ground after Thursday’s sharp drop. An appreciating rupee draws foreign inflows.

At 9.25 am, the BSE Sensex was ruling at 38,904, up 219 points. The NSE barometer Nifty50 was up 60 points at 11,658. Indices gained even as most Asian markets

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The Indian equity market had a volatile week and ended on a flat note. In our previous weekly note, we had mentioned about the possibilities of the market stalling its upward move and showing some corrective tendencies. After remaining volatile all through the week, a bounce in the last hour of Friday’s trade helped the market end the week with m
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By Tara LachapelleWarren Buffett has started allowing his successor candidates a higher profile internally at Berkshire Hathaway Inc. Now, he needs to do so publicly.

One month from Saturday, a Coca-Cola-sipping Buffett will take the stage at Berkshire Hathaway’s annual shareholder meeting alongside his right-hand man, Charlie Munger, and a

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Buzzing stocks: R Power, Vodafone Idea, Tata Motors, DHFL, RIL
NEW DELHI: Vodafone Idea with over 1.68 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of Reliance Power (number of shares traded: 1.33 crore), Tata Motors (number of shares traded: 0.63 crore), DHFL (number of shares traded: 0.60 crore), Suzlon Energy (number of shares traded: 0.58 crore), GTL Infra

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The domestic equity market surprised many during the week gone by as it triggered profit booking and reversed the intermediate bull trend. Also, since the last two weeks, open interest in Nifty futures stood at 25 per cent below normal of the previous month, suggesting that fewer participants are convinced about the longevity of this rally.

Moreov

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NBFCs increasingly tapping retail investors
Mumbai: Non-banking finance companies (NBFC) Magma Fincorp, L-T Finance and Shriram City Union are tapping retail investors to raise funds as banks have tightened lending to the sector after the IL-FS default crisis and investors became wary about investing in NBFCs.

Magma Fincorp plans to raise up to Rs 500 crore by offering coupon at

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Mumbai: The Reserve Bank of India (RBI) cut the key interest rate by a quarter point for the second time this year as expected but kept markets guessing with a noncommittal outlook on the future course of action despite lowering inflation and economic growth forecasts.

Governor Shaktikanta Das signalled that liquidity measures may also be tempered

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As latest round of US-China talks end, 'significant work' remains
WASHINGTON: US and Chinese negotiators wrapped up their latest round of trade talks on Friday and were scheduled to resume discussions next week to try to secure a pact that would end a tit-for-tat tariff battle that has roiled global markets.

The two sides offered few details of the progress as Chinese Vice Premier Liu He concluded three days of

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Government sells Rs 1,150 crore worth enemy shares in Wipro
The government has sold enemy shares worth around Rs 1,150 crore in IT major Wipro to Life Insurance Corporation and two other state-owned insurers. The Custodian of Enemy Property for India offloaded more than 4.43 crore shares of the company at a price of Rs 258.90 apiece, according to block deal data available with stock exchange BSE.

Apart

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Sell Reliance Infrastructure, target Rs 125: Dr CK Narayan
Dr CK Narayan of Chart Advise has a sell call on Reliance Infrastructure Ltd. with a target price of Rs 125. The current market price of Reliance Infrastructure Ltd. is Rs 133.8. Dr CK Narayan recommended to keep stoploss at Rs 136. Reliance Infrastructure Ltd., incorporated in 1929, is a midcap company with a market cap of Rs 3497.77 crore. Relia
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Boeing cuts 737 MAX output in wake of two deadly crashes
Boeing Co said on Friday it plans to cut its monthly 737 aircraft production by nearly 20 per cent in the wake of two deadly crashes, signalling it does not expect aviation authorities to allow the plane back in the air anytime soon.

Deliveries of Boeing's best-selling aircraft were frozen after a global grounding of the narrowbody model following

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Dalio sounds new alarm on capitalist flaws, warns of revolution
By Erik SchatzkerRay Dalio, the billionaire founder of the world’s biggest hedge fund, said he believes flaws in American capitalism have created destructive and self-reinforcing gaps in education, social mobility, assets and income -- and the result could be another revolution.

Writing in a new essay, the Bridgewater Associates co-chairman points

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Buy CESC, target Rs 742: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on CESC Ltd. with a target price of Rs 742. The current market price of CESC Ltd. is Rs 728.2. Time period given by the analyst is Intra Day when CESC Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 720. CESC Ltd., incorporated in 1978, is a midcap company with
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Alternative data can gauge creditworthiness, if law permits
MUMBAI: Indian credit bureaus are waiting for the final draft of the personal data protection law to understand whether they can use alternative data for generating scores, helping assess the creditworthiness of potential borrowers lacking loan records.

Alternative data for credit bureaus are data sets acquired from sources outside the core

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Share market update: Bank shares gain; YES Bank up nearly 2%
NEW DELHI: Bank shares were trading in the positive zone in Friday's morning session.

Shares of RBL Bank (up 1.93 per cent), YES Bank (up 1.77 per cent), Federal Bank (up 1.47 per cent) and IndusInd Bank (up 1.41 per cent) were the top performers in the index.

Kotak Mahindra Bank (up 0.76 per cent), Bank of Baroda (up 0.53 per cent), IDFC First

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Buy Eicher Motors, target Rs 21,500: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Eicher Motors Ltd. with a target price of Rs 21500. The current market price of Eicher Motors Ltd. is Rs 20722.6. Time period given by the analyst is Intra Day when Eicher Motors Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 20,000. Eicher Motors Ltd.,
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Mumbai: The Central government has raised Rs 1,150 crore by selling over 4.44 crore shares of information technology major Wipro.

The shares were offered by the Custodian of Enemy Properties for India, an agency under the Union home ministry. Market participants now expect the agency to sell shares it holds in ACC, Tata Steel, Tata Power, India

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Yes Bank Share Price: YES Bank shares climb 2% on fund raising buzz - The TheIndianSubcontinent

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DID YOU KNOWUnleash the power of SIP - Invest in Mutual funds

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Local maize prices correct after import duty cut
New Delhi: The domestic price of maize has started falling after the government reduced import duty on feed-grade maize to 15 per cent from 60 per cent. The move to reduce duty was aimed at improving domestic availability of the commodity in the wake of rising prices and concerns about a poor crop. On Thursday, the price of maize in Gulab Bagh
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MUMBAI: The Reserve Bank of India may face legal challenges to its rule on the age limit for bank CEOs, unless it is changed.

The RBI caps the age limit for banks at 70. But under the Companies Act, banks that are also registered companies can have chief executives who are over 70 years of age by passing a special resolution. IndusInd Bank and HDFC

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Maruti shares slip after reporting 21% production cut in March
NEW DELHI: Shares of Maruti Suzuki came off nearly 1 per cent in morning trade on Friday after it said it cut vehicle production by around 21 per cent across its factories in March due to subdued demand.

This is the company's third consecutive month with higher production cut, which indicates the slowdown will stay on longer, analysts said.

The

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Banks should pass on rate cut benefit: Ravi Sehgal, EEPC India
KOLKATA: Banks have not been passing on the lower cost of funds to borrowers even as the industry and exporters continue to bear the brunt, EEPC India Chairman Ravi Sehgal said today.

He hailed the RBI move to cut the interest rate by 25 basis points in its first policy review of 2019-20.

"Despite a 50 basis point reduction in the repo rate since

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Vodafone Idea, Airtel may post first mobile revenue growth in 3 years
KOLKATA: Vodafone Idea (VIL) and Bharti Airtel’s mobile service revenue in India likely grew sequentially for the first time in 11 quarters in the three months ended March, driven by minimum recharge plans and as more users opted for higher-priced voice and data packs, analysts Vodafone Idea, Bharti Airtel, Reliance Jio Infocomm, price war,
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RCom, Gyscoal Alloys among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 149.13 points up at 38,833.85 on Friday on account of buying in frontline bluechip counters.

Shares of MAC Hotels (down 12.24 per cent), Blue Chip Tex (down 11.52 per cent), Space Incubatrics Technologies (down 9.80 per cent), Gyscoal Alloys (down 9 per cent), Tayo Rolls (down 8.68

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Buy VIP Industries, target Rs 566: Edelweiss Securities
Edelweiss Securities has a buy call on VIP Industries with a target price of Rs 566.

The current market price of VIP Industries is Rs 475.35.

Time period given by the brokerage is one year when VIP Industries price can reach the defined target.

Investment rationale by the brokerage-Strong structural growth drivers in place: Management envisages

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