Weekly recap: Markets witness a muted weekly closing

India Infoline News Service Sep-20-2020

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

Chemcon Speciality Chemicals set to open IPO on September 21

India Infoline News Service Sep-18-2020

Its IPO will be opening its initial public offering for subscription on September 21, 2020, and will close on September 23, 2020, with a price band of Rs338Rs340 per Equity Share.

FinMin: Automakers should cut royalty payments to parent companies abroad, instead of seeking GST cut

India Infoline News Service Sep-18-2020

Further, the ministry sources told in the PTI report that India's tax policy regarding the automobile sector has been quite consistent for the last three decades now in the form of allowing foreign investment and incentivising domestic manufacturing.

Sebi modifies trading norms in Mutual Funds with effect from Jan 2021

India Infoline News Service Sep-18-2020

The regulatory has modified guidelines right from Net Asset Value (NAV) across various schemes, trade execution by AMCs to pool orders.

RITES fixes September 30 as record date for Buyback

India Infoline News Service Sep-18-2020

The Buyback offer price is payable in cash for an aggregate consideration not exceeding Rs257cr.

EIH stock ends higher on fixing rights issue terms

India Infoline News Service Sep-18-2020

The company further said the rights entitlement ratio has been fixed at 8 equity shares for every 85 equity shares held by eligible equity shareholders of the company as on the record date, which has been fixed as September 23, 2020.

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.

Equity mutual fund outflow at Rs4,000cr in August: AMFI

India Infoline News Service Sep-09-2020

"Overall Mutual Fund Industry continues to see a steady rise, on a month-on-month and year-on-year AUMs on a consolidated basis, Venkatesh said.

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.

Asian markets end lower ahead of BoE meeting; European indices open lower

India Infoline News Service Sep-17-2020

The Federal Reserve on Wednesday vowed to keep interest rates near zero until inflation is on track to overshoot the US central banks 2% target.

Asian markets trade flat ahead of Fed meeting; Japan exports decline in August

India Infoline News Service Sep-16-2020

In Japan, the Nikkei 225 was 0.09% higher in afternoon trade while the Topix index advanced 0.26%.

Asian stock markets mostly trade higher after China's August economic data

India Infoline News Service Sep-15-2020

Chinas retail sales rise rose 0.5% in August for the first time this year, according to the National Bureau of Statistics.

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.

Open Credit Enablement Network (OCEN) will Revolutionise Micro Lending: Nandan Nilekani

India Infoline News Service Jul-23-2020

Nandan Nilekani - Co-founder and Non-Executive Chairman of the Board, Infosys stated that democratising credit in India is the need of the hour as he captured the remarkable journey of the Indian fintech industry which had now become a global hot bed for innovation.

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%.

RBI announces Open Market Operations (OMO) Purchase of Government of India Securities

India Infoline News Service Sep-17-2020

The result of the auction will be announced on the same day and successful participants should ensure availability of the requisite amount of securities in their SGL account by 12 noon on September 25, 2020.

Exports limp back in Aug-20 but trade deficit widens

India Infoline News Service Sep-17-2020

In the last 2 months, the trade deficit has widened once again as exports failed to keep pace and the incremental benefits of low oil prices were waning.

CPI Inflation may ease in Sept, owing to good Kharif harvest; Room for another 'status quo' in RBI policy

India Infoline News Service Sep-16-2020

The inflation remains elevated for the fifth consecutive month against RBI's target of 4%.

India's trade deficit narrows to $6.77 bn in August; Exports decline by 13%

India Infoline News Service Sep-16-2020

Firstly, the recovery in merchandise imports lost steam in August 2020, with only a mild narrowing in the pace of contraction to 26% from 28.4% in July 2020, which benefited from the spike in gold imports.

Food Inflation: Centre takes various measures to stabilize prices

India Infoline News Service Sep-16-2020

Food inflation captures the year-on-year increase in the indices of food items in the consumption basket.