15
Jul

Market Live: Consolidation continues on D-Street as indices trade flat; Tata Group stocks gain

Market Live: Consolidation continues on D-Street as indices trade flat; Tata Group stocks gain

12: 45 Meet: BNP Paribas Mutual Fund has appointed Ritesh Jain as investment director with immediate effect, according to the statement from the fund house.

Jain will report directly to CEO and Deputy Director of Investments Anand Shah and will be in charge of running a professional investment team that manages a range of funds in different asset classes.

Prior to joining BNP Paribas, Jain was the mutual fund’s investment director at Tata.

12:25. Check Market: Consolidation continues on D Street Tuesday, with benchmark indices trading almost flat during the afternoon.

The Sensex rose 10.22 points to 31.321.79, while Nifty rose 4.20 points to 966.75. The market amplitude was negative with only 1,195 stocks advanced against a decrease of 1234 shares, while stocks of 147 remained unchanged.

Tata Motors, Tata Motors DVR and Tata Power won most of both indices while HDFC and Lupine lost most.

12 hours HPP on the cards? The Tata group may consider an initial public offering (IPO) for Jaguar and Land Rover, according to a Bloomberg report.

Jaguar Land Rover is a subsidiary of Tata Motors.

The report cited people familiar with the situation saying that Tata officials have held preliminary internal talks in the last month on the inclusion of the luxury automaker, bought there for almost a decade to 2.4 billion dollars in an international exchange. London and New York are considered as potential sites, the report added.

11:50 am stock buzz: Stocks of non-bank financial companies (NBFCs) rose by 2 to 4% intraday on Tuesday after events related to farm loan exemptions.

Satén Creditcare Bharat Financial Inclusion, Equitas Holdings, Mahindra and Mahindra Financial Services and Bajaj Finance have responded positively to the possibility of toppling Rs 1 lakh agricultural loan in Maharashtra and Rs 2 lakh in Punjab. The observations of the management of these companies show little or no success in their finances.

Bharat’s financial inclusion has also increased due to the merger of its merger. Its management to CNBC-TV18 that the announcement of the merger would likely occur in the coming months.

11.12h Checking benchmark indices continued to consolidate in the morning trade, with skilled trade in a range of 20 points due to the lack of global and domestic signals.

The BSE Sensex 30 shares rose 38.98 points to 31 350.55 and the NSE Nifty 50 shares gained 9.25 points 9,666.80.

HDFC, HDFC Bank, Kotak Mahindra Bank, Lupine and TCS were under pressure, while Infosys and Tata Motors continued to be the main contributors to Sensex earnings.

10:50 am View of the FII: Credit Suisse does not feel. “I am not suggesting that earnings will improve during the 3 to 4 quarters. The momentum is weak and the economy in general should take steam,” Neelkanth Mishra, MD equity strategist and India at Credit Suisse told CNBC-TV18. He added that the economy was undergoing structural transitions and this period could last longer.

However, Mishra said that market movements were largely motivated by the EP ratio. Any correction in that market would be that if there is a decline in global liquidity, he added.

10:17 am buzz: Tata Power shares have gained up to 4 percent in morning trading as the company is expected to dilute its stake in the India Energy Exchange through the initial public offering.

The company is one of the shareholders of Energy Exchange India has submitted a draft leaflet on the smoke curtain with the capital markets SEBI regulator to launch an initial public offering.

Existing shareholders, including Tata Power Company, private equity group Aditya Birla Group, Madison India capital and Renuka Ramnath lead multiple alternative asset management vendreont 60.65 lakh shares of the company through the IPO.

7
Jun

Donald Trump Jumps Into Worsening Dispute Between Qatar, Powerful Arab Bloc

Donald Trump Jumps Into Worsening Dispute Between Qatar, Powerful Arab Bloc

Administration officials said on Tuesday that the triumph president “did not take sides” in the conflict deepened among its main partners against terrorism in the Persian Gulf, despite a morning of Twitter presidential messages praising Saudi Arabia – and himself – for the dissemination of Qatar for the supposed financing of terrorism.

“During my recent trip to the Middle East, I said that there were radical ideology funds,” Trump tweeted. “The leaders emphasized Qatar – look”

“So it’s good to see that visit to Saudi Arabia with the king and the 50 country already pay,” he said. “They said they were going to adopt a hard line on the financing of extremism, and all the references indicated Qatar.”

On Monday, several Gulf neighbors Qatar – Saudi Arabia, UAE and Bahrain – joined Egypt and smaller nations in separating diplomatic relations with Qatar, ordering their diplomats and their citizens to leave and endanger trade and Deeply intertwined routes.

The eruption appear to be motivated by regional conflicts from year to year, rather than disagreement or recent action. Following a visit in late May in which Trump, calling on the Arab and Muslim world to unite against the terrorist threat, praised Saudi Arabia as a regional leader.

Secretary of State Rex Tillerson, New Zealand, called for dialogue between neighbors. In the state service, spokeswoman Heather Nauert said that “we recognize that Qatar continues its efforts to stop the financing of terrorist groups, including the search for suspicious freezing financial assets, introducing stricter controls on their banking system. However, we recognize that there is much work to be done. ”

“Let’s get this social media thing going,” Nauert said in many Trump tweets, “because there are many other important things we have to discuss.”

A senior government official said: “We do not take sides If we party, we have left unity and cooperation.” Against terrorism. The official spoke on condition of anonymity to discuss the sensitive diplomatic issue.

Nauert and the senior official said the United States had been informed of Saudi Arabia’s intention to break ties shortly before Monday. However, “I do not think the US government has perfect clarity in what triggered this,” the official said. “We know there have been problems between them.”

The Pentagon, whose Middle East air operations are based at a massive air base in Qatar, where at least 10,000 members of US services are stationed, have opted for balance and reassurance.

“We recognize that there are different opinions in the area that allowed us to reach this point,” he said in a statement. “The United States and the coalition are grateful to Qatar for their continued support of our presence and continued commitment to regional security. We have no intention of changing our position in Qatar.”

According to the statement, the restrictions that Gulf neighbors Qatar impose on qatriais movements inside and outside the region “have no impact on our air operations”, including missions in Iraq, Syria and Afghanistan.

Senator Bob Corker (R-Tenn.), Chair of the Senate Foreign Relations Committee, nodded in a Capitol corridor when he showed Trump’s Tweets on a journalist’s cell phone. “Each of these countries are important people for our country,” he said. “Our policy while the United States has been working with all of them.”
“We have a base on which we work is very important,” he said in Qatar.

During the visit last month in Saudi Arabia, where he delivered a speech to the leaders of the Muslim majority countries gathered for the occasion, Trump has personally met with Qatari emir Sheikh Tamim Bin Hamad al-Thani. “We are friends, now we have been friends for a long time … Our relationship is very good,” Trump said at the beginning of the meeting behind closed doors. “One of the things we are going to discuss is the purchase [Qatar] of many beautiful military teams.”

7
Jun

After Maharashtra, farmer unrest rocks MP: 6 killed in firing, government ready for talks

After Maharashtra, farmer unrest rocks MP: 6 killed in firing, government ready for talks

As Maharashtra moved to contain an ongoing protest by farmers with a loan exemption, a similar protest in neighboring Madhya Pradesh took a violent turn Tuesday when at least six peasants were killed and eight others injured in two separate incidents In Mandsaur. Farmers have been looking for better prices for their products and exemption from lending. After demonstrators alleged that police shot them, Madhya Pradesh Interior Minister Bhupendra Singh, who had previously denied the allegation, later admitted that police may have fired in self-defense at one place. A judicial inquiry has been ordered and curfew imposed on Mandsaur.

Prime Minister Shivraj Singh Chouhan announced a compensation of Rs 1 crore and a work to the close relatives of each dead and Rs five lakh and free treatment to the injured. An official said that of the six dead, five were killed when farmers attempted to raid Pipalia Mandi police station and resorted to fires. This attack followed the death of a farmer in the village of Bahi, not far from Pipalia Mandi. Madhya Pradesh The head of Patidar Samaj, Mahendra Patidar, said that the bodies of five killed in Pipalia Mandi will not be cremated until the Prime Minister arrives there. He identified the dead as Kanhaiyalal Patidar, Babloo Patidar, Chainram Patidar, Abhishek Patidar and Nathulal Patidar.

In Mandsaur and neighboring Neemuch district, protesters have set ablaze vehicles, blocked traffic and mistreated police officers while sporadic incidents have occurred in other parts of the state since June 1 when the Union Bharatiya Kisan (BKU) announced the agitation. During the last three days, protests intensified in the districts of Mandsaur, Neemuch, Ratlam and Indore. Demonstrators set fire to about a dozen vehicles and attacked the railroad tracks near Mandsaur on Monday night. On Tuesday, a group of peasants blocked traffic near Pipalia Mandi and threw stones at police and CRPF personnel. Security agencies launched tear gas shells to disperse the crowd. It was unclear who ordered the shot.

Calling it “a conspiracy,” Prime Minister Chouhan accused the Opposition Congress of instigating farmers. “I was sad, the administration had been told not to order the firing, but to talk to the farmers, but some criminal elements went into the protest,” he said. Chouhan appealed to farmers to remain calm. He said his government was ready for the talks. “Madhya Pradesh has been an island of peace,” he said. The Rashtriya Kisan Mazdoor Sangh (RKMS), a group formed by a former RSS worker, and Congress have asked for a bandh on Wednesday. The RKMS was formed by Shivkumar Sharma, who used to be a bearer of Bharatiya Kisan Sangh (BKS) affiliated with RSS, until he led a violent upheaval in 2012 in which a farmer died while firing in the Raisen district. Launched out of RSS and BKS, Sharma floated the RKMS.

The BKS and RKMS entered the ongoing protest only after it was extended. On Sunday, the Chief Minister called the BKS for talks in Ujjain. BKS officials announced that since Chouhan had assured them they would buy onions at 8 rupees per kilo and make half the cash payment to mandis, they were regaining agitation. The agitation of the farmers now observed is basically along two belts: Nashik-Ahmadnagar-Pune extending to Satara-Sangli-Kolhapur in Maharashtra, and Ratlam-Mandsaur-Neemuch in Madhya Pradesh. What is common to both belts – apart from being in the western part of the two states – is that they are home to relatively prosperous farmers, unlike their counterparts in the predominantly dry regions of Vidarbha / Marathwada or Bundelkhand.

The farmers of Ratlam-Mandsaur-Neemuch cultivate not only the common soybeans, wheat and chana cultivated in the rest of Madhya Pradesh, but also a range of spices of seeds and medicinal plants of meti (fenugreek), dhaniya (cilantro), Jeera Comino) and ajwain (caraway) to garlic, isabgol (psyllium), white musli and ashwagandha. The same is true of Western Maharashtra farmers who have grown grapes, onions and pomegranates, as well as marketing dairy products by investing in high-yield dairy holstein-fries cows.

15
May

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