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Kotak MF: List of FMPs exposure to Essel Group and IL&FS maturing in April and May

According to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days.

ETMarkets.com|

Apr 11, 2019, 07.23 PM IST

Getty Images

The financial crisis at

Essel Group

Subhash Chandra-promoted Zee group’s has already affected debt investors of Kotak Mutual Fund, as the money manager has delayed the full redemption of its FMPs. Now, HDFC Mutual Fund has decided to rollover one of…

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Motherson Sumi Systems slips as HSBC cuts price target

Last Updated : Apr 12, 2019 03:22 PM IST | Source: Moneycontrol.com

According to HSBC, Q4 could be another slow quarter for the auto ancillary company but FY20/21 would be strong.

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oil: Oil slips from 5-month highs as economic worries counter tight market

SINGAPORE:

Oil

prices eased on Tuesday, slipping away from 5-month highs reached earlier in the session as a sluggish economic outlook countered an otherwise tight market.

International benchmark Brent futures touched their strongest level since last November at $71.34 per barrel on Tuesday, before losing ground to $70.96 per barrel by 0158 GMT, down 14 cents, or 0.2 per cent, from their last…

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Movers & Shakers: Mahindra Lifespace tops the charts, ITC's 5-day average volume jumps 300%

Movers & Shakers: Mahindra Lifespace tops the charts, ITC’s 5-day average volume jumps 300%

Last Updated : Apr 12, 2019 03:36 PM IST | Source: Moneycontrol.com

ITC was trading with volumes of 4,447,821 shares, compared to its five day average of 940,191 shares, an increase of 373.08 percent. The stock saw spurt in volume by more than 6.64 times.

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US stocks: S&P 500 flat ahead of Fed minutes

Investors were also assessing a U.S. Labor Department report that showed consumer prices increased by the most in 14 months in March, although underlying inflation remained benign.

The tame inflation environment and moderating economic activity support the Federal Reserve’s decision last month to suspend its three-year campaign to raise interest rates.

“Amid increasing concern that our economy…

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iron ore: As Goldman backs off, Citi says chase iron ore rally to $100

Global iron ore prices have powered to multi-year highs this year.

Bloomberg|

Apr 09, 2019, 08.05 AM IST

Reuters

Iron ore is not a demand story, it’s a supply story.Iron ore

is poised to hit $100 a tonne, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand. That view follows advice from

Goldman

Sachs Group that…

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tyre industry: Tyre demand to grow 7-9% during FY19-FY23: Icra

The market would also continue to witness investments over the period of next three years, Icra added.

PTI|

Apr 11, 2019, 07.34 PM IST

Reuters

The revenue growth for tyre industry is pegged at 14-15 per cent for 2018-19

New Delhi: The domestic tyre demand is expected to grow in the range of 7-9 per cent over the five year period between 2018-19 to 2022-23, rating agency

Icra

said Thursday.

The…

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Gold: Gold holds near one-week high on subdued dollar, equities

Gold

inched higher on Tuesday, trading just below a more than one-week peak hit in the previous session, as Asian equities eased and the dollar weakened following sombre US economic data.

FUNDAMENTALS

Spot gold was up 0.2 per cent at $1,299.34 per ounce as of 0101 GMT, after touching its highest since March 28 at $1,303.61 in the previous session.

US gold futures gained 0.1 per cent to…

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Adani Power jumps 5% after CERC approves higher tariff for Mundra unit

Last Updated : Apr 12, 2019 04:00 PM IST | Source: Moneycontrol.com

CERC also approved reviewing ceiling price every 5 years as per recommendations by High Powered Committee.

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sebi: Sun Pharma's senior exec, wife settle insider trading case with Sebi

sebi: Sun Pharma’s senior exec, wife settle insider trading case with Sebi

Mumbai:

Sun Pharmaceutical

Laboratories’s former chief executive Abhay Gandhi and his wife Kiran have settled

insider trading

case with market regulator

Sebi

by paying a total of Rs 70 lakh as settlement charges. Sun Pharma Laboratories is a wholly-owned subsidiary of Sun Pharma. Currently, Gandhi is CEO of Sun Pharma’s North America business.

Sun Pharma in an email response to ET said…

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Trade setup for Thursday: Trade setup: Nifty50 has limited upside, likely to remain sluggish

The domestic stock market witnessed unwinding and underwent classical correction on Wednesday, as NSE

Nifty

fell over 110 points from the day’s high to end 0.75 per cent lower.

We expect a flat to negative start on Thursday, and the session may remain volatile due to weekly index options expiry. However, compared with the past several days, volatility may come down a bit. Moreover, India VIX…

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mutual fund: Sebi comes up with system audit framework for AMCs/MFs, asks to form technology committee

The guidelines come after “considering the importance of system audit in technology driven asset management activity and to enhance and standardise the system audit”.

PTI|

Apr 11, 2019, 07.38 PM IST

BCCL

The regulator has asked MFs and AMCs to conduct system audit on an annual basis by an eligible independent auditor.

New Delhi: Markets regulator

Sebi

Thursday came out with revised guidelines…

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RBI: Impact of RBI rate cuts to remain muted

Kolkata: The half a dozen banks which had lowered marginal cost based lending rate (MCLR) in March are likely to abstain from further rate action despite Reserve Bank of India’s signal for easier financing cost.

The rest including the bigger ones State Bank of India and HDFC Bank have taken the plunge with 5-10 basis points reduction in benchmark rate following RBI’s second successive repo rate…

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Last Updated : Apr 10, 2019 08:31 AM IST | Source: PTI According to the Maru/Matchbox poll, 52 percent of Americans and 48 percent of Canadians said they fi…

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AI in BFSI market to grow at more than 40%: Report

According to Global Market Insights report, artificial intelligence in BFSI Market for Machine learning technology is estimated to witness lucrative growth from 2018 to 2024. The integration of the intelligent algorithms for risk mitigation and compliance, anti-money laundering, and fraud detection applications is the primary factor that augments the demand for the technology.

Natural…

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JSW Steel: JSW Steel raises $500 million via offshore bonds

The company received subscriptions worth $1.75 billion, about four times the quantum of bonds on offer, two people with direct knowledge of the sale told ET.

Apr 10, 2019, 11.20 PM IST

Agencies

On April 4, ET reported that JSW Steel was set to raise $500 million through overseas bonds.

MUMBAI:

JSW Steel

, India’s biggest maker of the alloy, Wednesday completed raising $500 million by selling…

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U.S. suspends talks with Sudan after military ousts Bashir

The building of Embassy of the Republic of the Sudan is seen in Washington, U.S., April 11, 2019. REUTERS/Jeenah Moon

WASHINGTON (Reuters) – The United States on Thursday suspended discussions with Sudan on normalizing relations between the two countries after the military ousted President Omar al-Bashir and said it would run the country for two years.

The State Department, while declining to…

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