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Share market update: BSE Power index trades flat; KEC International down 1%
NEW DELHI: The S-P BSE Power index was trading 0.15 per cent down at 1962.66 around 12:48 pm on Thursday with most of its components trading on a mixed note.

Shares of Torrent Power (up 2.07 per cent), GMR Infrastructure (up 1.86 per cent), Tata Power Company (up 1.65 per cent) and ABB India (up 1.28 per cent) were trading with gains.

KEC

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Brace for a steeper market plunge, warn analysts
The year-end rout in financial markets may get worse as US stocks fell 1 per cent at 9:45 a.m. in New York Monday. Analysts and strategists say investor sentiment is weakening further amid the federal government shutdown, with no quick end in sight.

The S-P 500 Index has fallen more than 13% just in December, on pace for the steepest monthly

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As FAANG stocks falter, fund managers make bets on survivors
A bear market in the so-called FAANG stocks - Wall Street's most popular trade going into the year - is pushing fund managers into searching for the next big growth companies that can lead the overall market higher.

Shares of Facebook, Amazon.com, Apple, Netflix, and Google-parent Alphabet reached record highs in July.

Since then, problems ranging

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Outlook 2019: Men will get separated from the boys in NBFC space and grow stronger
By Nirmal JainIn the past few years, NBFCs have filled the void created by PSU banks, which have been crippled for capital. These so-called shadow bankers bring new borrowers into the ambit of formal finance by developing unique underwriting standards and inculcating financial discipline. Although NBFCs do not have access to RBI as lenders of last
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Revival in earnings to be key driver for markets: Kotak Institutional Equities
Kotak Institutional Equities sees earnings revival as the most important driver of the Indian equity market in 2019, despite expectations of several global and domestic events that could cause volatility in the first half of the year.

Steady earnings revival could face noise from India’s general elections in April-May, US-China trade negotiations a

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With no deal, US government shutdown likely to drag on past Christmas
A partial US government shutdown was almost certain to drag through the Christmas holiday after the Senate adjourned on Saturday without breaking an impasse over President Donald Trump's demand for more funds for a border wall.

With no deal in sight on a bill to fund the government, Senate Republican leader Mitch McConnell sent senators home until

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Share market update: Bank shares gain; YES Bank among top performers
NEW DELHI: The Nifty Bank index was trading 0.32 per cent at 27,074.20 around 12:35 pm on Thursday with most of its components trading in the green.

Shares of YES Bank (up 1.78 per cent), IndusInd Bank (up 1.69 per cent), RBL Bank (up 1.54 per cent) and ICICI Bank (up 0.72 per cent) were the top gainers in the index.

Bank of Baroda (up 0.47 per

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Fund managers see value in Asia debt for 2019 after bad year
The Asian dollar bond market is finishing its worst year since 2013. But strong fundamentals in many sectors and expectations for support from policy makers next year mean there are pockets of value, more investors are saying.

Debt buyers are closely watching for any additional credit easing in China, which could reduce funding pressures for some

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By Vildana Hajric and Elena PopinaNow it’s spiraling drama over Federal Reserve autonomy that frazzled investors must cope with as stocks lurch toward a bear market.

Word President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell was going down poorly Saturday on Wall Street, a place not known for its sympathy with Powell’s

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Nikkei rallies, buoyed by dramatic Wall St rebound
TOKYO: Japan's Nikkei share average rallied on Thursday, pulling away from a 20-month low, after Wall Street rebounded sharply from deep losses suffered earlier this week.

The Nikkei ended the day up 3.88 per cent at 20,077.62, posting its biggest one-day per centage gain since November 2016. The index, which had sunk into bear market territory

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Sebi bars Vinayak Homes, directors from raising funds
NEW DELHI: Markets regulator Sebi has barred Indore-based Vinayak Homes - Real Estate and its five directors from raising funds from public with immediate effect as the firm was indulged in illegal fund mobilisation activity.

Besides, the regulator has ordered the entities not to dispose of properties obtained directly or indirectly by

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Bloomberg|

Dec 23, 2018, 11.28 AM IST

Fed.AP“The law isn’t clear. Trump can probably de-designate a Fed Governor as Board Chair, but not fire the Governor," said Conti-Brown.
By Brendan Murray

President Donald Trump would create chaos in financial markets if he ousted Federal Reserve Chairman Jerome Powell, according to Peter Conti-Brown, a professor at the

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Weakness continued to persist in the domestic market on Monday as the benchmark Nifty50 index continued to decline for the second day and end with losses.

By now, the market has retreated nearly 50 per cent of its over 650-point pullback that it had seen during the week before.

Monday’s session saw the market open on a tepid note and move in a c

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NCLT helps recover Rs 80,000 crore in 2018; kitty may cross Rs 1-lakh crore in 2019
NEW DELHI: Tasked with a key job of helping recover unpaid corporate loans, the NCLT has helped resolve insolvency and bankruptcy proceedings involving more than Rs 80,000 crore in the year passing-by and the kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending.

Plans are afoot to further

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By Emily Barrett, David Goodman and Simon Kennedy

When it comes to reversing their crisis-era bond buying, central bankers are focused on the destination. Traders in risk assets care more about what could be a painful journey.

The contrasting views upset markets this week. Chairman Jerome Powell reiterated the notion that the Federal Reserve would

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Will not pledge Omaxe shares except in exigencies: Guild Builders to NCLT
NEW DELHI: Omaxe's holding company Guild Builders has submitted before the NCLT that it will not pledge shares of the realty firm for the time being except for exigencies like margin calls.

The submission was made in a case where Omaxe and its Chairman Rohtas Goel have been dragged to the National Company Law Tribunal (NCLT) by his younger brother

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Gold ETFs lose sheen, investors withdraw Rs 280 crore in Apr-Nov; AUM down 11%
NEW DELHI: Gold exchange-traded funds (ETFs) continue to lose steam, with investors pulling out Rs 280 crore during the April-November period of the current fiscal, preferring to invest in equities despite volatile markets.

In comparison, 14 gold-linked ETFs had witnessed a withdrawal of Rs 511 crore in the first eight months of 2017-18, the

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FPIs infuse Rs 4,000 crore in 3 weeks on strengthening rupee, easing crude prices
NEW DELHI: Foreign investors have pumped in close to Rs 4,000 crore in the Indian capital markets this month so far on strengthening rupee and easing global crude oil prices.

This comes following a 10-month high net inflow of over Rs 12,266 crore in the capital markets (equity and debt) by Foreign Portfolio Investors (FPIs) in November.

According

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Oil, populist leaders dollar: Guide to EM risks in 2019
Emerging markets are tentatively picking themselves up from the floor after a rout that’s wiped about $5 trillion off the value of stocks since January. But the reprieve may not last long.

Rising rates in the US, a stronger dollar, Beijing and Washington’s trade war, lower oil prices and the emergence of populist leaders in Latin America’s two big

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By Mangesh BhadangCalendar 2019 is going to be a paradoxical year for the infrastructure sector, thanks mainly to the general elections scheduled to be held in the middle of the year. On one hand, contractors and politicians would like to complete ongoing projects at the earliest and on the other, election code of conduct is likely to slow down
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Six of top 10 valued companies lose Rs 89,531 crore in m-cap
NEW DELHI: Six of the 10 most-valued Indian companies suffered a combined erosion of Rs 89,531.31 crore from their market valuation last week, with Tata Consultancy Services (TCS) alone accounting for over Rs 34,000 crore.

Reliance Industries (RIL), HUL, Infosys, Kotak Mahindra Bank and Maruti Suzuki were also among the losers, while HDFC Bank,

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Dow Jones ETF loses $1 bn in worst week since 2008
With the stock market in free fall, exchange-traded fund investors are running for the exits.

Investors pulled $1 billion from the SPDR Dow Jones Industrial Average ETF Trust, ticker DIA, last week -- the second largest outflow this year and the most in nine months. That was as the Dow fell 6.9 per cent, marking its worst week in a decade.

“Investo

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Nikkei hits 20-month low after Wall Street slides on US political worries
Japan's Nikkei retreated to a 20-month low on Tuesday after a slide on Wall Street deepened with a series of unnerving US political developments.

The Nikkei share average ended the day down 5.01 per cent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017.

The broader Topix closed 4.88 per cent lower at 1,415.55 after touching

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Mnuchin assures markets that Trump won't oust Fed chief Powell
By Jennifer Epstein, Erik Wasson and Billy House

Treasury Secretary Steven Mnuchin moved to reassure financial markets that Federal Reserve Chairman Jerome Powell wouldn’t be ousted, after a report said President Donald Trump has repeatedly discussed firing the central bank chief in recent days.

Mnuchin said in a pair of tweets Saturday evening

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Itbear markets galore as year to forget for bulls rounds out
The depth and breadth of the market sell-off is claiming new victims, with US tech stocks and Japanese equities among the latest to hit the less than gratifying milestone: a bear market.

Typically defined as a tumble of 20 percent or more from a high, bear markets arrived for Japan’s Topix index and the Nasdaq Composite last week.

Here’s a look at

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Govt names P V Bharathi Corp Bank MD
NEW DELHI: P V Bharathi has been appointed Managing Director of Corporation Bank from February 1, 2019, according to an order issued by the personnel ministry on Monday.

Bharathi is Executive Director of Canara Bank.

She will take over the charge on or after February 1, 2019 and remain in the post till March 31, 2020 - the date of her

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F O expiry, cues from US among 6 factors that will steer D-Street this week
NEW DELHI: Yearend blues, a holiday-truncated expiry week, shutdown in the US government and rumours about US President Donald Trump’s bid to throw out the Fed Chair threaten to deny Dalal Street any excitement in the final week of the year.

Cues from the US, rupee movement and domestic developments steered Dalal Street all through the week gone

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64% of Maharashtra cane mills yet to pay farmers
PUNE: Two months after the sugarcane crushing season commenced in Maharashtra, 64 per cent of the sugar mills from the state haven’t paid a penny to the farmers, while the total sugarcane price arrears stand at Rs 3,557 crore, which is 71 per cent of the total dues.

According the Sugar Commissionerate of Maharashtra, millers have paid only 29 per

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India Inc garners Rs 6 lakh crore from equity, debt markets in 2018; Kitty down 30%
NEW DELHI: Indian companies have raised nearly Rs 6 lakh crore from equity and debt instruments in 2018, but volatile market conditions brought down the kitty by 30 per cent and political uncertainties ahead of the 2019 general elections may again cast a shadow on fund-raising activities in first half of the new year.

Experts, however, are hopeful

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GST rate cut bonanza: D-Street not sure if it&ll lift market mood
As widely expected, the GST Council on Saturday slashed rates on a host of commonly used products, handing relief to the common man.

Apart from reducing rates for 22 items, the Council rationalised the 28 per cent slab — which is seen as an eye sore by many -- by removing six items from the highest tax bracket. This leaves only 28 items in the t

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