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Nifty traders create fresh shorts in March futures
After trading at a premium in the first-half, the March Nifty futures contract closed at a discount to the current month contract, indicating that traders rolled over short positions to the next month, adding to the bearish tone of the market. The Corona virus outbreak to other parts of the world has roiled global markets.

The March futures

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Mumbai: Vodafone Idea has called on the government to allow it to pay adjusted gross revenue (AGR) dues over 15 years. The telecom company has also asked for a tax refund, cuts in licence fees and spectrum usage charges (SUC) and the establishment of a floor for tariffs among measures to help remain viable.

In a letter to the Department of

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Cipla shares end marginally lower after USFDA issues warning letter for Goa facility
Shares of drug firm Cipla on Wednesday tumbled nearly 6 per cent before closing marginally lower as the company announced receiving a warning letter from the US health regulator for its Goa manufacturing facility. Cipla plunged as much as 5.72 per cent to a low of Rs 401 per unit on the BSE in day trade. Later, the stock recovered most of its
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Board Meetings Today: JK Paper, IOB, Manappuram Finance, Relaxo Footwear

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India added 3 billionaires a month in 2019; Mukesh Ambani richest Indian
Mumbai: India added more than three dollar billionaires every month in 2019, taking the tally to 138 that has helped the country to feature at the third position globally, says a report.

China and the US occupied the first and second spot with 799 and 626 billionaires, respectively.

In total, India got 34 new billionaires to take the count to 138

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Sebi fines Muthoottu Mini Financiers for misleading advertisements

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Asian stocks extend losses as pandemic fears grow
SINGAPORE: Oil and Asian share markets slipped on Thursday, struggling to find a footing as the rapid global spread of the coronavirus left investors on edge and seeking safety in gold and bonds.

Most new virus cases are now being reported outside China - the origin of the outbreak - with South Korea, Italy and Iran emerging as new epicentres.

Braz

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Shriram Transport Finance raises Rs 500 crore via bonds
New Delhi: Shriram Transport Finance Company (STFC) has raised up to Rs 500 crore by issuing bonds on private placement basis.

"The Allotment Committee - NCDs of the company in its meeting held today approved and allotted rated, listed, secured, redeemable, non-convertible debentures (NCD) of face value of Rs 10 lakh each on private placement

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Market Movers: Shilpa Medicare, autos jolted; India Cements flies; 77 scrips give ‘sell& signal
India Cements got a Damani boost to surge 20 per cent on Wednesday, as Gopikishan Damani, brother of fabled investor Radhakishan Damani, bought a stake in the cement maker. Navin Fluorine extended its rally into second day, gaining a further 6 per cent.

Shilpa Medicare closed at 5 per cent lower circuit after getting Form 483 from the US drug

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Rakesh Jhunjhunwala’s RARE Equity, HDFC Life Insurance and ICICI Prudential Life Insurance have been shortlisted from amongst a list of suitors who have submitted proposals to acquire a significant stake in IDBI Federal Life Insurance, reviving a transaction that had been shelved two years ago due to uncertainty over the ownership of the life
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Global markets have 3 coronavirus scenarios to consider
By Aaron Brown

The coronavirus seems to be near the tipping point of becoming a global pandemic. The next few weeks may see infection rates peak for the virus that causes a lung illness dubbed Covid-19 and start to decline, aided by containment efforts and warmer weather in the Northern hemisphere. It seems just as likely that won’t happen, which m

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Tech View: Nifty50 forms bearish candle; bears to rule below 11,800
NEW DELHI: Nifty50 fell for the fourth straight day on Wednesday. As many as 44 of the 50 index stocks ended lower, as Nifty formed a bearish candle on the daily chart.

With a close below the 11,700 mark, the index filled the previous gap area between 11,750 and 11,783 levels formed on February 4. Analysts see higher chance of the index moving

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The stock market extended losses to the fourth day on Wednesday as foreign investors stepped up sale of Indian shares amid growing aversion to riskier assets in the wake of rapid global spread of the Covid-19 virus.

The Sensex closed below 40,000 for the first time since October, mirroring the panic in rest of Asia and Europe on worries that

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Trade setup: Nifty50 may stage a short covering-led pullback
In yet another disappointing session on Dalal Street, the domestic equity market drifted lower for a fourth straight day on Wednesday amid weak global cues. Nifty opened on a much weaker note, but recovered most of its losses in the afternoon session. However, the market slipped further in the last one hour, with NSE Nifty testing its 200-DMA. The
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Sensex slumps 1,434 points in 4 days; is it time for bottom fishing?
NEW DELHI: BSE benchmark Sensex has retreated 1,434 points in four trading sessions, as concerns over financial strain from the coronavirus outbreak continued to unnerve global markets, including the US and Europe. The 30-share index declined to 39,888.96 on February 26 from 41,323 on February 19.

As a result, the market capitalisation of the

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Following banks& lead, cos cut deposit rates by up to 45 bps
Mumbai: Investors who are big savers in corporate fixed deposits are in for some disappointment. Various companies have slashed their deposit rates by 20-45 basis points following the cut in rates by the country’s largest lender State Bank of India. While Bajaj Finance will reduce its rates by 25-40 basis points (bps) in the first week of March, M
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Wall Street gains ground after virus-driven selloff
Wall Street's main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.

Investors were cautious as the U.S. Centers for Disease Control and Prevention urged Americans to prepare for the virus to spread in the United

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By Abhishek Vishnoi, Ishika Mookerjee and Nupur Acharya

India’s $2.1 trillion stock market is drawing increasing foreign investment as the country remains relatively unscathed from the coronavirus outbreak threatening lives and economies around the world.

Fund management firms including Eastspring Investments and Northcape Capital are flagging the

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Companies are rushing to pay dividends to shareholders before the new budget proposal, which makes dividend income taxable up to 43 per cent in the hands of the recipient, takes effect from April.

So far, 204 companies have announced dividends since February 1, compared with 90 during the similar period in 2019 and 98 in 2018. The boards of 32

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IndiGo says have responded to all Sebi queries on related party transactions
New Delhi: IndiGo on Wednesday said it has responded to all queries from markets regulator Sebi regarding related party transactions and asserted that they were entered into in the best interests of the company.

InterGlobe Aviation, parent of the country's largest airline IndiGo, also said it has strong processes for ensuring arm's length dealings

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Crisil completes acquisition of Greenwich Associates
Global analytical company Crisil said on Wednesday it has completed the acquisition of 100 per cent stake in Greenwich Associates LLC.

Greenwich is a leading provider of proprietary benchmarking data, analytics, and qualitative insights to financial services firms worldwide.

Based at Stamford in Connecticut, it serves over 300 clients across top

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Stocks in the news: SBI, Bharti Airtel, Vodafone Idea, HUL, Apollo Tyres, IDBI Bank
NEW DELHI: Nifty futures on the Singapore Exchange traded 93 points, or 0.79 per cent, lower at 11,725, indicating a negative start for Dalal Street. Here are a few stocks that may buzz during the day:

SBI: Morgan Stanley has raised its price target on State Bank of India by 14 per cent to Rs 375 citing better performances of its subsidiaries — m

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Govt closely monitoring coronavirus impact on economy: FM Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said the government is keeping a close watch on the impact of the coronavirus outbreak on the Indian economy. The minister also said that the process of merger of public sector banks was underway as per the schedule. The government has announced to merge 10 sector state-run banks to create four
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Stock market update: Realty stocks collapse; Sunteck Realty slides 3%
NEW DELHI: Shares of realty firms were in the red in Wednesday's morning trade.

Shares of Sunteck Realty (down 2.84 per cent), Indiabulls Real Estate (down 2.13 per cent), Sobha (down 1.89 per cent), Prestige Estates Projects (down 1.85 per cent) and Godrej Properties (down 1.57 per cent) too were among the losers.

Mahindra Lifespace Developers

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Deepak and I on same page on successor: Aditya Puri
Mumbai: HDFC Bank managing director Aditya Puri said his vision for the successor at the most successful lender in the country is aligned with that of HDFC group companies’ elder statesman Deepak Parekh, squelching speculation that they had differences over the succession process.

“In all fairness, Deepak and I have no differences,” Aditya Puri tol

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Sebi allows investors to directly transact in mutual fund units on bourses
MUMBAI: The Securities and Exchange Board of India (Sebi) on Thursday said it has allowed investors to directly access stock exchange infrastructure to purchase and redeem mutual fund units.

The markets regulator pointed out that it had earlier allowed mutual fund distributors and registered investment advisors to use the platform for purchase and

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Tata Motors' board approved committee gives nod to raise Rs 500 crore

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Bharti Infratel awaits SC verdict for Indus decision
New Delhi: Bharti Infratel is said to be hesitant about going ahead with a plan involving a merger with Indus Towers and a buyout of 7 per cent equity stake from Vodafone Idea in the resultant entity. While almost all clearances have been obtained, the company has sought to extend the process by another two months.

People with knowledge of the

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Sebi directs Orion Industries, officials to refund illegally collected amount
Regulator Sebi on Wednesday directed Orion Industries Ltd and its senior officials to refund the illegally collected amount of Rs 5 crore to investors along with 15 per cent interest. The senior officials are-- Md Mahfuz Alam, Parwez Alam, Md Kamal Koshar, Mohammad Salimuddin Ansari, Manzur Alam and Punam Bharati.

The directions came after the

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InterGlobe Aviation shares fall nearly 2%
Shares of InterGlobe Aviation on Wednesday fell nearly 2 per cent amid reports that Sebi has found violations in corporate governance and listing disclosure norms of the company. However, InterGlobe Aviation, the parent company of low-cost airline IndiGo, has denied the allegations and termed the reports as "factually incorrect".

The company has

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