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RBI policy: Two dissenting voices, one on rate stance and other on liquidity
The Reserve Bank of India’s Monetary Policy Committee (MPC) have had two dissenting voices, for the first time in the last two years since it adopted a formal flexible inflation targeting policy to achieve its monetary policy objective. One for rates and the other for stance.

As for its stance on repo rate, for the first time, its external member

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Jet Airways tanks 7% as ICRA downgrades long-term loans
NEW DELHI: Shares of Jet Airways plunged 7 per cent in Friday’s trade after rating agency ICRA downgraded long-term loans of the company.

ICRA said it has downgraded long-term loans and non-convertible debentures of the company to ICRA B (negative outlook) from ICRA BB.

The stock fell 7.36 per cent to hit a low of Rs 182.60 on BSE.

The rating

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Buzzing stocks: IOC, HPCL, BPCL, ONGC, RIL
NEW DELHI: Indian Oil Corporation (IOC), with over 3.93 crore shares changing hands, was leading among most traded stocks on NSE in morning trade on Friday.

HPCL (number of shares traded: 3.64 crore), BPCL (2.28 crore) and ONGC (1.49 crore) were up next.

Reliance Communications (1.24 crore), IDBI Bank (1.05 crore), JP Associates (1.04 crore), GAIL

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Did RBI shrug off rupee fall Key highlights of October money policy
The Reserve Bank of India on Friday in its fourth bi-monthly policy decided to hold the key lending rate at 6.50 per cent even as it tweaked the policy stance to 'calibrated tightening' from 'neutral'. Here are the key takeaways from RBI's policy outcome:

Key Takeaways

- MPC keeps repo rate unchanged at 6.5 per cent

- MPC changes stance from

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Sun Pharma shares rally after USFDA reclassifies Halol Unit as 'No Action Initiated'
NEW DELHI: Shares of Sun Pharmaceutical witnessed a sudden spike after media reported that the USFDA has reclassified its Halol unit as "No Action Initiated". The scrip rallied over 2 per cent to Rs 616.65 in early trade.

USFDA no action initiated status means clearance for the unit.

The drug major’s Halol unit got six USFDA observations on A

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OMCs in trouble: Brokerages downgrade HPCL, IOC, BPCL; shares tank
Brokerage firms downgraded oil marketing companies (OMCs) as the government announced a Rs 2.50 per litre cut in petrol and diesel prices as it reduced excise duty by Rs 1.50 a litre and asked oil companies to absorb another Re 1.

Price cut in states like Gujarat and Maharashtra would be Rs 5 after they matched the announcement with a similar

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10 stocks that cracked most post RBI policy
NEW DELHI: Domestic equity market witnessed biggest weekly decline in two years as equity benchmarks Sensex and Nifty lurched lower sharply during Friday's session after the Reserve Bank of India maintained status quo in its fourth bi-monthly monetary policy meet.

The 30-share Sensex plunged 792 points, or 2.25 per cent, to 34,377, with 27 stocks

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Share market update: Nifty Pharma in the green; Sun Pharma, Cipla climb 1%
NEW DELHI: The Nifty Pharma index was trading 0.44 per cent up at 9,673 around 10:50 am on Friday, backed by gains in shares of Sun Pharmaceutical Industries (up 1.37 per cent), Cipla (up 1.19 per cent) and Divi's Laboratories (up 1.18 per cent).

Shares of Sun Pharma spurted after media reported that the USFDA has reclassified its Halol unit as

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IL FS makes a Rs 400-cr exit from Runwal Realty Project
MUMBAI: Bankrupt Infrastructure Leasing - Financial Services (IL-FS) has received a complete exit worth around Rs 400 crore from realty developer Runwal Group’s residential project Runwal Elegante at Lokhandwala in Andheri suburb of Mumbai, two persons with direct knowledge of the development said.

IL-FS, through its various overseas

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RBIstatus quo on rate risky Check out the key takeaways
Going against consensus estimates, the Reserve Bank of India (RBI) on Friday s urprised markets, by maintaining status quo on policy rate at the bimonthly policy review. The central bank cites benign outlook for price rise for its decision.

The Monetary Policy Committee (MPC) voted 5:1 in favour of a status quo, with only Chetan Ghate voting for

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Stock market update: Infosys, HCL Tech, TCS keep Nifty IT pack up
NEW DELHI: Shares of Infosys (up 1.17 per cent), HCL Technologies (up 1.08 per cent) and Tata Consultancy Services (TCS) (up 0.36 per cent) were trading with gains in Friday's session in an otherwise weak market.

Gains in these heavyweights lifted the sectoral index.

However, shares of Infibeam Avenues (down 5.64 per cent), NIIT Technologies

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Eicher Motors shares slip over 10% in two-session
Shares Eicher Motors extended their fall to second straight session, plunging more than 10 per cent to an intraday low of Rs 21,511.65 on Thursday from Rs 24838.70 on Monday.

The company on October 1 reported production loss of 10,000 motorcycles in September after a section of its workforce did not report to work since September 24 at its

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RBI proposes new route for FII investments in debt
Mumbai: Reserve Bank of India (RBI) has proposed an easier investment route for foreign institutional investors (FIIs) wanting to invest long term funds in the debt market. In a statement accompanying the monetary the central bank said that FIIs voluntarily committing to retain a minimum required percentage of their investments for a period of
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Titan jumps 4% on Q2 business update
NEW DELHI: Shares of Titan Company climbed 4 per cent in Friday’s trade after the company said it performed well across its business verticals in the second quarter.

The company said it gained in market share across verticals on the back of well laid out strategies for each of its businesses. While the watch business carried on its good run from

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By Anirban NagA crisis at one of India’s biggest infrastructure financiers is the latest example of how the end of an easy money era is causing strain in the world’s fastest-growing economy.

Rising borrowing costs are putting pressure on lenders like Infrastructure Leasing - Financial Services Ltd. -- whose recent debt defaults rocked

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Let the market decide where the rupee goes: Urjit Patel
NEW DELHI: RBI Governor Urjit Patel on Friday said global economic activity, which has hold up so far, is becoming asynchronous.

In a press conference, Patel said the decade-long accommodation by central banks globally is tapering off and emerging markets are facing headwinds from rising crude oil prices.

Patel said RBI’s forex reserves at p

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These stocks defy bearish market mood, jump up to 20%
NEW DELHI: Even as domestic equity market was radiating bearish sentiment during Friday's session, shares of Morarjee Textiles (up 19.91 per cent) and SKP Securities (up 17.95 per cent) jumped up to 20 per cent on BSE.

Shares of UTI Nifty ETF (up 15.16 per cent), Dynamic Cables (up 13.10 per cent), Conart Engineers (up 12.77 per cent) and Blue

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US services sector activity hits 21-year high; hiring accelerates
WASHINGTON: US services sector activity raced to a 21-year high in September and companies boosted hiring, signs of enduring strength in the economy at the end of the third quarter.

The upbeat reports on Wednesday likely keep the Federal Reserve on track to raise interest rates again in December. The US central bank increased rates last week for

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RBI move risky, inflation focus narrow-minded: D-Street experts
The Reserve Bank of India on Friday surprised markets and went against consensus to hold policy rate but turned its policy stance hawkish. The central bank said it would from here on opt for calibrated tigh tening.

While domestic equity indices tanked in response to the money policy, market experts had mixed reaction.

Abheek Barua, Chief

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Brokerages upbeat on ICICI Bank after Kochhar's exit
Global brokerage firms, including UBS and Macquarie, have maintained ‘Buy’ on ICICI Bank after its MD and CEO Chanda Kochhar bowed out, six months before her current tenure was to end.

UBS said Kochhar’s exit is a positive for the bank as stakeholders will focus on core banking business. It raised target price for ICICI Bank to Rs 440 from Rs 410 e

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Fed bets next crisis will begin like the last one
BOSTON : The Federal Reserve painted a picture of the US economy that was almost too good to be true at its last meeting, with inflation seen contained in the near future despite the lowest unemployment rate in 20 years.

The Fed's forecasts were labeled "out of this world" by one economist at the annual National Association for Business Economics

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The Reserve Bank of India in an unexpected move decided to hold the repo rate at 6.50%. The MPC voted 5:1 and RBI committee shifted to 'calibrated tightening stance'. Here is RBI policy decision's full text:

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC)

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These 9 stocks plunged over 10% on BSE
NEW DELHI: Equity market benchmarks Sensex and Nifty extended their losing streak to the third consecutive session amid rupee's continuous fall against the US dollar and surging global crude oil prices.

The rupee on Friday opened 6 paise down at 73.64 against the greenback. Sustained capital outflows amid surging US Treasury yields and firm crude

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Stock market update: Midcaps, smallcaps fall in sync with Sensex
NEW DELHI: In line with the benchmark Sensex, the BSE Midcap and Smallcap indices too were suffering losses in Thursday's session.

However, in terms of percentage loss, they were slightly better off than the equity benchmark.

Around 11 am, the midcap index was trading 1.34 per cent down at 14,480, while the smallcap index was 1.41 per cent down

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Domestic equity market witnessed a sudden selling pressure after the Reserve Bank of India kept rate unchanged at 6.50 per cent.

The 30-share index settled the day 792.17 points, or 2.25 per cent, lower at 34,376.99. Its NSE counterpart Nifty ended at 10,316.45, down 282.80 points, or 2.67 per cent.

The rupee also breached the 74-mark against

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The appeal of Churchillian democracy to private sector
One significant, but unfortunate, fallout of the cleaning up of the banking sector mess and disciplining the crony capitalists is that after four years almost all forms of institutional structures stand discredited.

Government ownership of corporations is blamed for pampering the favourites and breeding inefficiencies, private sector is accused of

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‘Lower GST mop-up to upset Indiafiscal math&
MUMBAI: After the lower than expected Good and Services Tax (GST) collections in August over the previous month, analysts said lower collections will negatively impact India’s fiscal situation.

Investors are nervous about the lower-than-expected GST collections. The shortfall in GST collection will put pressure on government finances, according to

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Lost money in this crash These same old mistakes cost you dear
It is painful to see a long-term investment portfolio fall like ninepins. The latest selloff since August-end has eroded around Rs 17 lakh crore of equity investor wealth.

The Market is one of the best teachers. It teaches investors how to rein in the seven deadly sins, including greed and envy.

According to ace investor Vijay Kedia the biggest

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Nifty 50 companies are likely to report 11.4 per cent year-on-year growth in net profit for the September 2018 quarter. At 7.4 per cent, profit growth in the previous quarter had fallen below 10 per cent after three consecutive quarters of double digit growth. Revenue is expected to grow by 11.6 per cent in the September quarter, which would be
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RCom rallies 6% as operator allowed to sell spectrum to RJio
NEW DELHI: Shares of Reliance Communications (RCom) climbed nearly 6 per cent in Thursday’s trade after the telecom tribunal allowed the operator to sell its spectrum to Reliance Jio Infocomm, with some riders, in a big relief for the Anil Ambani-owned company that plans to use the proceeds of Rs 975 crore to settle some ongoing disputes.

The

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