Daily Market Analysis – 18th Jan 2021
Bharti Airtel is planning to raise a billion dollars with an offer of perpetual bonds (Securities with no maturity). This would be Bharti’s second perpetual bond float. Reliance Industries and Bharti Airtel are among the few companies that have tapped the international money market with such bonds. The company may use the fund for business expansion and refinance more expensive debt raised a...
Daily Market Analysis – 15th Jan 2021
The chief investment officer of SBI Funds Management Navneet Munot has resigned from the organization and is set to join HDFC Mutual fund as MD & CEO. HDFC Mutual Fund has announced that its board of directors had given their final nod to the appointment of Navneet Munot as its next managing director and chief executive officer. He will be succeeding the present managing director Milind...
Daily Market Analysis – 14th Jan 2021
President Trump becomes the first president to be impeached twice. Trump was charged with “incitement of insurrection”, in a swift and stunning collapse in his final days at the White House. At least five people died in the violence that ensued as pro-Trump protestors breached barricades and advanced into the halls of the Capitol building, smashing windows and brawling with police officers....
Daily Market Analysis – 13th Jan 2021
A significant shortage of steel supplies and a higher price of the key raw material has led to a sharp revision in the production schedules for the fourth quarter at leading carmakers. The production schedules for the ongoing fiscal Q4 are being revised downward by 15-20%, which could potentially mean a loss of over 1.5 lakh units in the January to March quarter for the industry. India’s...
Daily Market Analysis – 12th Jan 2021
Government’s consideration in increasing FDI limit to 74% in Insurance sector The government is considering increasing the limit of foreign investment in the insurance and pension sectors, which is currently pegged at 49% of paid-up equity capital, to a higher limit of 74%, at par with that for private banks. In recent years, the Insurance sector has shown promising potential for growth, a...
Daily Market Analysis – 11th Jan 2021
Due to the recent changes in the privacy policy of WhatsApp, where Facebook, the parent company can have deeper and granular access to the users’ data, users have shifted to the rival messaging app, Telegram, last week. Some very senior investors, deep-pocketing players in the pipeline, heads of large companies, etc. have also shifted their allegiance to Telegram and Signal for the...
Daily Market Analysis – 08th Jan 2021
MG India to invest another Rs 500 crore, hire 1,000 MG Motors India is planning to invest an additional Rs.500 crore into its operations to increase localization of critical components. This comes close on the heels of its announcement 4 week ago of an additional Rs.1000 crore investment to ramp up capacity at its Halol Plant. The fresh investment will be followed by some aggressive...
Daily Market Analysis – 07th Jan 2021
Bad Banks plan back on the table to tackle NPA’s as covid assistance businesses come to an end, The government is considering the idea of bad banks. A bad bank is an entity that purchases non-performing asset (NPA) from banks at market price, clearing the balance sheet, and improving fundraising capabilities. The government is examining the entity-based model – in which acquiring NPA of the...
Daily Market Analysis – 06th Jan 2021
Union Budget 2021-22 to be presented on February 1 The Union Budget for 2021-2022 will be presented on February 1. According to PTI, the Cabinet Committee on Parliamentary Affairs (CCPA) has said the Budget will be presented on February 1 and President Ram Nath Kovind will address a joint sitting of both the Houses of Parliament on January 29. Telecommunication Sector: Telecom dept...
