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Has the time come to do away with CRR funds with central bank
The cash reserve ratio (CRR) concept came into the RBI Act of 1934 and has remained since then. This reserve ratio was to be maintained by banks to ensure the solvency of the system. In case a bank failed, then there would be cash reserves available to make payments before help could arrive. Given the evolution of the system and the safeguards
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By Subhadip SircarCorporate treasury departments in India have become so concerned about credit risk they’re increasingly parking their cash in securities maturing overnight.

Assets with overnight funds soared to 123 billion rupees ($1.8 billion) last month, from 39 billion rupees in September, as companies chose safety over returns in the wake of

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Share market update: PSU Bank shares dip; OBC slips over 2%
NEW DELHI: PSU Bank shares were trading in the negative zone with the Nifty PSU Bank index down 0.68 per cent at 2924.05 on Tuesday.

Shares of Oriental Bank of Commerce (down 2.36 per cent), Bank of India (down 2.26 per cent), Union Bank of India (down 1.30 per cent) and Indian Bank (down 1.18 per cent) were the top losers in the index.

Punjab

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Buzzing stocks: YES Bank, RCom, HDFC, Sun Pharma, Bharat Forge
NEW DELHI: Reliance Communications with over 4.47 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of YES Bank (number of shares traded: 0.83 crore), Ashok Leyland (number of shares traded: 0.79 crore), Idea Cellular (number of shares traded: 0.50 crore), Sun Pharma (number of shares traded: 0.45

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European shares dip as doubts grow about US-China trade truce
LONDON: European shares opened in negative territory on Tuesday as investors started to question whether the truce agreed by the United States and China on their trade dispute would lead to long-term deal.

After enjoying a rally for its first day of trading in December, Germany's DAX - the most sensitive to China and trade war fears - was down 0.4

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Share market update: Auto shares mixed; M M down nearly 2%
New Delhi: Auto shares were trading mixed with the Nifty Auto index down 0.23 per cent at 9239.45 on Tuesday.

Shares of Bajaj Auto (up 1.74 per cent), Motherson Sumi Systems (up 1.36 per cent), Bharat Forge (up 1.18 per cent) and Tata Motors (DVR) (up 0.94 per cent) were the top performers in the index.

Mahindra - Mahindra (down 1.94 per

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Sensex drops 200 points, Nifty tests 10,800; Tata Motors falls 2%
NEW DELHI: Weak global sentiment, caution ahead of RBI policy decision and rupee's fall weighed on domestic equity market, dragging the benchmark Sensex over 200 points lower in opening trade.

Caution crept in the market ahead of RBI rate decision which morphed into bearish mood owing to weakness in Asian peers.

Asian stocks came under pressure,

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Australian, NZ shares drop on concerns over US-China truce
Australian shares closed lower on Tuesday, giving away some of the sharp gains made in the previous session on escalating concerns over whether the United States and China can resolve their deep trade differences before a 90-day deadline.

The fall was in line with Asian shares, which declined as a relief rally ran out of steam amid rising doubts

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Ambani Sr, Damani add billions to wealth after Sept-Oct bloodbath
NEW DELHI: At a time when 10 out of top 20 billionaires lost anywhere between $1 billion and $5 billion (Rs 7,000 crore- Rs 35,000 crore) in wealth in the first 11 months of this calendar, India’s richest man Mukesh Ambani and hypermarket chain D-Mart owner Radhakishan Damani added billions to their wealth.

Ambani, whose entire wealth addition of

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Cash better than stocks for first time in decade: JPMorgan
New York: Cash isn’t only a safe place to invest, it now offers a better risk-adjusted return than equities, according to JPMorgan Asset Management.

That was highlighted by the firm’s multi-asset strategy team, with $260 billion under management, which upgraded its recommendation on US cash to overweight for 2019. For the first time in a decade, i

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China stocks lose steam as worries over trade, economy resurface
SHANGHAI: China stocks closed slightly higher on Tuesday after a sharp rally in the previous session on the back of a truce in the Sino-US trade war, as investors come to terms with the fact that the relationship between the two countries remains tense, while China's economy continues to face downward pressure.

The blue-chip CSI300 index rose 0.2

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Foreign brokerage firm CLSA has projected Nifty earnings to grow by 25 per cent during FY20 compared to last eight-year average earnings growth of 6.5 per cent. This tall figure, CLSA says, is likely to be due to earnings improvement in eight stocks — ICICI Bank, State Bank of India, Bharti Airtel, the three oil-marketing companies, Tata Motors
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Bombay Dyeing to prepay some debt as cash flows improve
Mumbai: Bombay Dyeing and Manufacturing company has said that it is likely to start pre-payment of its debt from the current fiscal year as cash flows begin to kick in from the realty business, Vishu Peruvemba, chief financial officer said.

The firm was responding to a report in TheIndianSubcontinent on November 29, which said Bombay Dyeing

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Sebi panel proposes direct listing of Indian companies on foreign bourses
A high-level panel Tuesday recommended market regulator Sebi to allow direct listing of Indian companies on overseas bourses and of foreign firms on Indian exchanges.

Currently, Indian companies can list their shares through depository receipts abroad, while foreign companies need to go through the Indian Depository Receipt route for listing of

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Buzzing stocks: YES Bank, RCom, Infibeam Avenues, Sun Pharma, HUL
NEW DELHI: Reliance Communications with over 9.64 crore shares changing hands was leading among the most traded stocks on NSE on Tuesday.

Shares of YES Bank (number of shares traded: 2.78 crore), Infibeam Avenues (number of shares traded: 1.08 crore), Sun Pharma (number of shares traded: 0.97 crore), Suzlon Energy (number of shares traded: 0.87

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Buy Bharat Forge, target Rs 610: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Bharat Forge Ltd. with a target price of Rs 610. The current market price of Bharat Forge Ltd. is Rs 581.05. Time period given by the analyst is Intra Day when Bharat Forge Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 565. Bharat Forge Ltd.,
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Trump-Xi trade truce stock rally lasted 24 hours; here's why
By Moxy Ying and Harry SuhartonoThe 90-day cease-fire in the U.S.-China trade war added about $520 billion of market value back to Asia’s equity markets on Monday. Now, it looks like the party is over.

Here is where we are: Asian took a breather Tuesday, with MSCI Asia Pacific Index coming off from a near two-month high. Japan’s Topix closed 2.4 p

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Welspun Enterprises rises 2% on inking pact with NHAI
NEW DELHI: Shares of Welspun Enterprises rose over 2 per cent in early trade on Tuesday after the company said it had inked a pact with the National Highways Authority of India (NHAI) for a Rs 2,005-crore highway project in Tamil Nadu.

"NHAI and Welspun Sattanathapuram Nagapattinam Road Private Limited (WSNRPL), a subsidiary of Welspun Enterprises

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Buy NBCC (India), target Rs 60: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on NBCC (India) Ltd. with a target price of Rs 60. The current market price of NBCC (India) Ltd. is Rs 55.75. Time period given by the analyst is Intra Day when NBCC (India) Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 53.5 NBCC (India) Ltd., incorporated
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Share market update: Realty shares trade mixed; DLF slips over 2%
NEW DELHI: Realty shares were trading mixed with the Nifty Realty index down 0.82 per cent at 235.65 on Tuesday.

Shares of Unitech (up 4.76 per cent), Sobha (up 1.41 per cent), Sunteck Realty (up 1.22 per cent) and Godrej Properties (up 0.60 per cent) were trading in the green.

DLF (down 2.47 per cent), Oberoi Realty (down 1.92 per cent),

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Uflex jumps 5% as its arm bags US Patent
NEW DELHI: Shares of Uflex jumped over 5 per cent in early trade on Tuesday as FlexFilms, the global film manufacturing arm of Uflex, was granted US patent covering entire categories of formable films that include one or more BOPET layers used in Alu Alu blister packaging.

The patent was issued to Flex Films (USA) Inc on November 20, 2018, for a

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Buy Aurobindo Pharma, target Rs 880: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Aurobindo Pharma Ltd. with a target price of Rs 880. The current market price of Aurobindo Pharma Ltd. is Rs 823.75. Time period given by the analyst is Intra Day when Aurobindo Pharma Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 790. Aurobindo Pharma
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Pabrai Investment Funds sells 3% stake in Repco Home Finance for Rs 60 crore
NEW DELHI: Indian-American businessman Mohnish Pabrai's fund has sold close to 3 per cent stake in Repco Home Finance through an open market transaction for an estimated sum of Rs 60 crore.

According to a regulatory filing, Pabrai Investment Funds II and persons acting in concert, which held 7.16 per cent stake in Repco Home Finance earlier, sold

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YES Bank climbs 2%, extends gains three days in a row
NEW DELHI: YES Bank shares continued to rise for the third consecutive session on Tuesday as the stock climbed over 2 per cent in morning trade.

The news of TS Vijayan's inclusion to its board of directors seems to have augured well for the company which was hit by a series of resignations.

The bank in a BSE filing on Monday said that the board of

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Big buyout firms in talks to pick stake in Edelweiss unit
MUMBAI: Top buyout firms such as Blackstone, TPG, KKR, Carlyle, Apax Partners among others are in talks to buy a substantial minority stake in Edelweiss’ franchise and advisory businesses, people close to the situation said. The business, which comprises wealth and asset management, asset reconstruction and credit funds, is being valued at Rs 1
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Share market update: Nifty Metal index trades flat; APL Apollo Tubes up 1%
NEW DELHI: The Nifty Metal index was trading 0.11 per cent up at 3231.35 on Tuesday with its components trading on a mixed note.

Shares of APL Apollo Tubes (up 1.30 per cent), Coal India (up 0.94 per cent), Vedanta (up 0.59 per cent) and MOIL (up 0.36 per cent) were the top performers in the index.

Jindal Steel - Power (down 3.06 per cent),

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Sun Pharma climbs 2% after company attempts to assuage investor concerns

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Nikkei tumbles, foreigners sell exporters and financials
TOKYO: Japan's Nikkei tumbled on Tuesday with foreign investors selling off exporters and financials, while profit-taking continued on cyclical stocks that rallied the day before.

The Nikkei share average ended 2.4 per cent lower at 22,036.05 points.

The index rose to a two-week high on Monday as investors took heart after the United States and

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Share market update: FMCG shares trade lower; Tata Global Beverages falls nearly 2%
NEW DELHI: FMCG shares were trading lower with the Nifty FMCG index down 0.43 per cent at 30,217.15 on Tuesday.

Shares of Tata Global Beverages (down 1.84 per cent), ColgatePalmolive (India) (down 1.82 per cent), United Spirits (down 1.34 per cent)and Procter - Gamble Hygiene - Healthcare (down 1.21 per cent) were the top losers in the

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RCom surges 4% as arm pays Rs 1,400 cr as corporate guarantee to DoT
Shares of Reliance Communications surged over 4 per cent in early trade on Tuesday as its arm Reliance Realty issued a Rs 1,400-crore corporate guarantee to the telecom department (DoT), in line with a Supreme Court order, paving the way for an early closure of the Anil Ambani-led telecom company's pending spectrum sale to Reliance Jio Infocomm.

La

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