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The skirmish between India and Pakistan seems to have strengthened the popularity of Indian Prime Minister Narendra Modi, said emerging markets veteran Mark Mobius. Modi-led BJP will return to power for a second term this May, when general elections will be conducted in India, said the founder of Mobius Capital Partners.

India conducted air strike

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The week in 10 stocks: Pain for Rain Ind, Jet; midcaps look up
Indo-Pak tensions kept domestic investors on the edge during the week gone by. However, some buying at lower levels on Friday helped benchmark Sensex and Nifty settle the week in the green. Sensex gained 192 points, or 0.54 per cent, for the week to end at 36,063, while Nifty added 71.85 points, or 0.67 per cent, to close at 10,863.

Overall, the

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Govt appoints former Finance Secy Hasmukh Adhia as chairman of Bank of Baroda
The government Friday appointed former Finance Secretary Hasmukh Adhia as chairman of state-owned Bank of Baroda (BoB).

Bank of Baroda is set to become the third largest lender of the country after amalgamation with Vijaya Bank and Dena Bank effective April 1.

"Shri #Hasmukh Adhia, former Finance Secretary appointed non-executive Chairman of Bank

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Equity, bond markets shut for Mahashivratri
NEW DELHI: India's stocks, bonds, commodities and forex markets will remain closed on Monday on account of Mahashivratri. Commodities markets will see trading in the evening session.

The domestic equity market heaved a sigh of relief on Friday, as stocks took comfort from signs of de-escalation of tensions between India and Pakistan. While BSE Sens

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The domestic equity market remained jittery all week with negative news on fears of escalation of the cross-border conflict and unfavourable global macros due to a dent in recent optimism on US-China relations and the breakdown of Trump-Kim Vietnam summit. A ripple effect was visible on the home front too.

Fewer derivative bets got rolled over to

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ABB India Q4 profit up 58% at Rs 129 crore
New Delhi: Engineering and power firm ABB India Friday posted 58 per cent jump in net profit at Rs 128.64 crore for the quarter ended December 31, 2018, mainly due to higher revenues.

The company's net profit in October-December 2017 stood at Rs 81.63 crore, it said in a BSE filing.

The profit in the latest quarter is excluding the power grid

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Mumbai: A new amendment to corporate insolvency regulation prescribing stringent punishment for successful resolution applicants who fail to make promised payments is likely to protect the new bankruptcy law from frivolous bidders, lawyers said. The amendment comes after recent cases of backtracking by winning bidders in taking over debtladen
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By Anjani TrivediHow the mighty have fallen.

The Tata Group is exploring options for its iconic Jaguar Land Rover Automotive Plc unit including a stake sale or finding a venture partner to jointly develop cars and lower costs, P R Sanjai, Ruth David, Tommaso Ebhardt and David Welch of Bloomberg News wrote Friday, citing people familiar with the

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Buy Coal India, target Rs 281: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on Coal India with a target price of Rs 281.

The current market price of Coal India is Rs 232.40.

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

Investment rationale by the brokerage:

Valuations at 50 per cent discount to its averages and dividend yield at

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Indo-Pak developments, trade talks among 7 factors that may guide market this week
NEW DELHI: Market witnessed bouts of volatility during the week gone by due to Indo-Pak tensions, the expiry of February F-O contracts and macroeconomic numbers.

However, signs of easing tensions between India and Pakistan and positive sentiment in Asian peers supported domestic market to log healthy gains on Friday, wrapping the week on a

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Blackstone CEO Schwarzman pockets at least $568 million in 2018: filing
NEW YORK: Blackstone Group LP Chief Executive Stephen Schwarzman pocketed at least $567.8 million in 2018 dividends and compensation, making him yet again the private equity industry’s highest earner, a regulatory filing showed on Friday.

The was below the roughly $786 million Schwarzman, 72, took home in 2017. His net worth is pegged by Forbes at

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After Market: Investors richer by Rs 1.4 lakh crore, Airtel slumps
NEW DELHI: Headline indices Sensex and Nifty reversed the losing run of three sessions on Friday, spurred by healthy gains in bank, financial, IT and auto stocks, as investors cheered de-escalation of tensions between India and Pakistan.

Speculators raised their bets across sectors on the first day of March futures and options contracts. A rally

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It was yet another week where the markets took no directional call and ended with modest gains. The Nifty continued to remain within a broad defined range all throughout the week and saw some gains towards the end which halted near the 200-DMA.

On the weekly charts, the index continued with its sideward move and ended above 50-Week Moving Average

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No open offer exemption without IBC: Sebi
Companies and investors looking to buy firms, whose debt restructuring exercise is not under the insolvency rules, will not get exemptions from open offer to public shareholders, a move that comes as a setback to Jet Airways’ revival plan. This, along with a raft of decisions such as allowing mutual funds in commodity derivatives, tightening
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Buy Vodafone Idea, target Rs 40: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on Vodafone Idea with a target price of Rs 40.

The current market price of Vodafone Idea is Rs 29.90.

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

Investment rationale by the brokerage:

Initiatives to drive synergy gains on track: Management cited

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IMF's Lagarde says messy Brexit could have 'significant consequences'
LISBON: A messy Brexit could have “significant consequences” and represents the biggest short-term risk to the British economy, although all Brexit outcomes imply costs, IMF chief Christine Lagarde told Portugal’s state council on Friday.

Lagarde was invited to participate in the state council, which is the Portuguese president’s highest c

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MUMBAI: India’s weight in the MSCI Emerging Market Index is likely to fall at least by a percentage point in the next one year, causing an expected outflow of as much as $2-3 billion investment by passive funds.

Events that are going to affect India’s weight in the index include an increase in the representation of Chinese mainland shares, a

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Buy Phoenix Mills, target Rs 708: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on Phoenix Mills with a target price of Rs 708.

The current market price of Phoenix Mills is Rs 619.65.

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

Investment rationale by the brokerage:On track to achieve 11-12msf operational retail portfolio target

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Huawei plans billions in dividends for staff despite row with US
HONG KONG: China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends that are worth billions of dollars, according to company sources and Reuters calculations - a move expected to boost morale as it battles a US-led drive against its telecom gear.

The payout also appears to indicate profit growth as well as

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External expert to review L T probe into Cognizant deal
CHENNAI: Larsen - Toubro said an external expert would review the findings of an internal probe the company carried out two years ago, after client Cognizant Technology Solutions disclosed that bribes were paid to get building permits for its campuses in India.

L-T, India’s largest engineering and construction firm that was the contractor

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Sebi seeks to make mutual funds' valuation process fairer
New Delhi: In a slew of reform measures, securities market regulator Sebi's board on Friday approved changes in its norms for open offer exemptions for corporates facing debt restructuring as also for debt instrument valuation by mutual funds to make these processes fairer.

The Sebi board, at the same time, approved easing of norms for raising of

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Reduce refinancing risk for NBFCs to boost securitisation
Events in India’s credit market over the last one year have once again shown that debt used well is a value creator, but excessive debt can lead to severe problems. The crucial point to keep in mind is that well-structured lending institutions in the credit space are much needed to aid a rapidly growing economy, and, therefore, strategies that
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By Craig TorresThe Federal Reserve’s top officials say the economy is in a good place and suggest further interest-rate increases will depend on incoming data easing concerns about risks to their outlook.

Comments in the last 72 hours by Chairman Jerome Powell and No. 2 Richard Clarida lay out clear lines of debate when the Federal Open Market

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Buy Castrol India, target Rs 215: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on Castrol India with a target price of Rs 215.

The current market price of Castrol India is Rs 160.50.

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

Investment rationale by the brokerage:

India’s lubricants market growth to exceed global average: I

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Take Five: U-turn if you want to! World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week, and the Reuters stories related to them.

U-turn if you want to

It was a bit of a U-turn by UK Prime Minister Theresa May when she signaled readiness to allow Brexit to be delayed a few months beyond the March 29 deadline to ensure Britain doesn’t c

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Baring, L T said to lead bidding for Mindtree stake
By Saritha Rai, Manuel Baigorri and Anto AntonyLarsen - Toubro Infotech Ltd. and Baring Private Equity Asia are the leading bidders for a major stake in Mindtree Ltd., as the Indian tech services and consulting firm’s largest shareholder seeks to sell his holding, according to people familiar with the matter.

Larsen - Toubro and Baring are

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Sebi to ease norms for investors willing to invest in startups
New Delhi: To provide a boost for startups seeking to get listed, capital markets regulator Sebi's board on Friday approved easing of norms for accreditation of investors willing to invest in such new-age entities.

At a meeting here, the Sebi board approved a framework for the process of accreditation of investors for Innovators Growth Platform,

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Why your Nifty is not reflecting state of the economy any more
By Saurabh MukherjeaOver the past decade, Nifty’s earnings have not only grown at a much slower pace than the Indian economy, they have also trailed the S-P500’s earnings growth by a country mile (although the Indian economy is growing much faster than the US economy).

This disturbing phenomenon has far reaching implications for Indian

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Union Bank of India aims to raise Rs 470 crore via ESPS
Kolkata: State-owned Union Bank of India has fixed the price band for its Employee Stock Purchase Scheme at Rs 58-59 per share, looking to raise Rs about Rs 470 crore, people familiar with the matter said. The issue is likely to be open on March 5.

ESPS helps banks in two ways. First, by expanding capital with employee participation, and second,

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Tech view: Nifty50 forms bullish candle, bias may turn positive
NEW DELHI: Nifty50 snapped a three-day losing streak on Friday to close almost at its 200-day moving average. But analysts say upside, if any, will be limited.

The bears lacked enough ammunition to do significant damage, which suggests the market was in for a minor consolidation, said Mazhar Mohammad of Chartviewindia.in.

“The index should r

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