Weekly recap: Markets end lower amid a volatile week

India Infoline News Service Sep-27-2020

Let us take a glimpse into what happened in markets over this week.

Asian Granito eyes robust sales growth from 'Bharat' markets; to increase retail touchpoints to 10k in next 2 years

India Infoline News Service Sep-26-2020

In FY20, rural, semi-urban, Tier II & Ill towns contributed over 70% of company sales.

Canara Bank proposes to raise whopping Rs2,000cr through QIP

India Infoline News Service Sep-25-2020

The issue will be part of the lender's capital raising plan of Rs5,000cr for financial year FY21.

Equitas Small Finance Bank revises IPO offer with fresh issue now worth Rs280cr; reduces shares offered for sale

India Infoline News Service Sep-25-2020

In the IPO, now the size of the fresh issue has been reduced to Rs280cr from the previous Rs550cr.

Draft regulation for network tariff determination is a good beginning, but challenges for open access in CGD will still remain: ICRA

India Infoline News Service Sep-25-2020

In terms of the real threat of open access, assuming that the regulation is actually implemented, still, there will be a significant entry barrier for new players as network tariff constitutes significant proportion of gross margins.

NCL Industries terminates agreement with Chinese company

India Infoline News Service Sep-25-2020

The companys agreement with Qingdao Xinguangzheng Steel Structure to establish JV stands terminated due to ongoing tension between the two countries.

CRISIL: Sebi's move to usher uniformity in multi-cap funds categorisation, augurs well for investors

India Infoline News Service Sep-17-2020

Multi-cap funds are diversified form of investment in stocks of companies with different market capitalisation.

What mutual funds bought and sold in August 2020?

India Infoline News Service Sep-17-2020

Mutual funds pumped in close to $1 billion across 8 major front line stocks, most of which were financials.

AMFI to Sebi: Multi Cap funds should be reclassified as 'Flexi cap' funds

India Infoline News Service Sep-16-2020

AMFI reportedly said, 'Flexi cap' funds would carry the requirement of minimum 65% in equity assets.

AMFI welcomes SEBI clarification on asset allocation to multicap schemes

India Infoline News Service Sep-14-2020

AMFI welcomes SEBIs clarification, which is extremely important for the orderly functioning of the market, as the street had started anticipating huge flows in small and mid-cap stocks over next couple of months from the multi-cap schemes.

BSE StAR MF records positive net equity inflow in August 2020

India Infoline News Service Sep-10-2020

BSE StAR MF continues to maintain the investors trust amidst market volatility contributing Net Equity Inflow of Rs.667 Cr as compared to industrys total of Rs.-4,000 Cr in Aug20.

Mutual funds see overall net selling in Aug-20

India Infoline News Service Sep-10-2020

Here is how various categories of mutual funds fared in terms of flows and redemptions.

Asian markets decline as coronavirus concerns return; Kospi index drops over 2.5%

India Infoline News Service Sep-22-2020

The Hang Seng index in Hong Kong slipped 0.61% with HSBC stock drop 2.56% and Standard Chartered slipped over 2%.

Asian markets trade lower; Hang Seng index slips over 1.5%

India Infoline News Service Sep-21-2020

South Koreas Kospi slipped 0.95% and the S&P/ASX 200 shed 0.73%.

Asian markets trade flat; Nikkei 225 index marginally higher

India Infoline News Service Sep-18-2020

Hong Kong-listed shares of Chinese tech giant Tencent dropped 2.47% while Xiaomi jumped 2.82%.

Fed hints at zero level rates for the next three years

India Infoline News Service Sep-18-2020

It must be remembered that earlier in August, the US Fed had also brought out its Long Term Policy paper, which had already given an indication that rates status quo would be maintained, irrespective of temporary spikes in retail inflation.

Bank of England maintains interest rates at 0.1%

India Infoline News Service Sep-18-2020

The MPCs central projections in the August Monetary Policy Report assumed that the direct impact of Covid-19 on the economy would dissipate gradually.

Bank of Japan holds steady on monetary policy

India Infoline News Service Sep-17-2020

It is expected to turn positive and then increase gradually, as downward pressure on prices is projected to wane gradually along with economic improvement and the effects of the decline in crude oil prices are likely to dissipate, Bank of Japan added.

US Firms optimistic approach towards investment in India & are looking at India as an engine for growth post-pandemic era

India Infoline News Service Aug-13-2020

We have steadily grown our trade relations with each other and working towards making India's vision to become a USD 5 Trillion economy in the near future.

Airtel and AWS join hands to accelerate digital transformation of businesses in India

India Infoline News Service Aug-05-2020

This collaboration brings AWS, the worlds leading cloud platform, together with Airtels deep reach and proven expertise in handling network, data centers, security, and cloud as an intergrated solution.

Sasken appoints Edwin Moses as President and COO

India Infoline News Service Aug-03-2020

I am excited to be back at Sasken, a company I regard as my alma mater and I look forward to leveraging the engineering DNA of Sasken and realize its potential to the fullest, Edwin Moses says.

PMKY 3.0 designed to be more industry friendly & will serve the growing demand of Skilled Workforce: NSDC

India Infoline News Service Jul-27-2020

We need to reskill and up skill our workforce to suit the need of Industry 4.0 and train them on the new skill sets such as AI, Internet of Things, Big Data etc. The industry needs to promote the Recognition of Prior Learning (RPL) in a big way as this would help us to solve the problem of skill workforce requirement.

Covid-19-led disruptions continue to hound MFIs: ICRA

India Infoline News Service Jul-23-2020

The presence of undrawn sanctioned lines and ramp-up in collections boost the liquidity cover for most of the MFIs, in the absence of which majority would have faced liquidity shortfall. The MFIs ability to maintain/further improve the momentum in the collection efficiency and manage the collections from portfolio under moratorium would determine the ultimate credit costs.

HKTDC organises online Summer Sourcing Week

India Infoline News Service Jul-23-2020

Our aim is to explore global opportunities for Indian companies and provide them a platform to grow businesses.

UNCTAD: India's economy to contract by 5.9% in 2020

India Infoline News Service Sep-24-2020

UNCTAD estimates India's economic growth at 3.9% in 2021.

BFSI experts on Covid-19: Widen Risk Governance, Deepen Structural Reforms and Re-Skill across the enterprises to overcome the crisis

India Infoline News Service Sep-24-2020

The humanitarian and economic dislocations resulting from the Pandemic have affected life, societies and economies across the world.

Brickwork Ratings expects economy to contract by 9.5% in 2020-21

India Infoline News Service Sep-23-2020

It is evident that the impact of Covid-19 on both the industry and services sectors is the most severe in Q1.

Current account balance to swing to surplus of US$30 billion in FY2021: ICRA

India Infoline News Service Sep-22-2020

ICRA expects Indias current account balance to swing into a sizeable, albeit temporary, surplus of US$30 billion or around 1.2% of GDP in FY2021, from the deficit of US$24.6 billion or 0.9% of GDP in FY2020, amid the Covid-19 pandemic.

SIDBI joins hands with Govt. of Uttar Pradesh for the development of MSME ecosystem in the State

India Infoline News Service Sep-18-2020

The PMU will support the GoUP in making necessary interventions for enhancing efficacy of MSMEs in the state.

US Fed keeps rate unchanged; A status quo also on cards in upcoming RBI policy

India Infoline News Service Sep-18-2020

Currently, RBI policy repo rate stands at 4% and that of reverse repo rate stays at 3.35%.