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Equity and Commodity Advisory Services - F&O Tips, Intraday Tips, Commodity Tips, Stock Market Tips

PROFIT KRISHNA an ISO Certified equity and commodity advisory services is a dedicated website which provides research work for Equity, stock tips, intraday tips, Multibagger & Commodity markets of India. Our services are chiefly designed for Investors and Traders to provide most appropriate solution. We have a specialized team of stock market analysts and commodity investment experts who can provide profitable stock market tips including future & option trading tips, commodity trading tips, intraday trading tips, nifty tips, BSE NSE Tips and MCX NCDEX Tips. We keep on updating you with share market recommendations and accurate stock market tips through SMS, phone calls and online chatting on daily, weekly and monthly basis which can help you in earning unlimited profit out of your investment.
M&M, United Spirits, AU Small Finance Bank in limelight
Nov 27 2020 5:20PM IST

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M&M, United Spirits, AU Small Finance Bank in limelight

Nov 27 2020 5:20PM

Indian Intraday Stock Market Shares of Mahindra Holdings (MHL) a wholly owned subsidiary of the company, has agreed to sell its entire stake aggregating 100% of the paid-up equity share capital in Mahindra First Choice Services (MFCS) and its entire stake aggregating 100% of Optionally Convertible Redeemable Preference Shares in Auto Digitech (ADPL), wholly owned subsidiary of MFCS, to TVS Automobile Solutions (TASL). Following the sale, MHL's shareholding in MFCS and ADPL would come down to Nil, and MFCS and ADPL would cease
to be the subsidiaries of MHL and consequently of the company.
United Spirits This has reference to previous intimation dated 13th November 2020 in connection with the sale of all the shares held by the company in its subsidiary, Tern Distilleries (TDPL). Since the company has not received consideration from the prospective buyer, the company is rescinding the share purchase agreement entered on 14th October 2020. Consequently, TDPL will continue to be subsidiary of the company.
AU Small Finance Bank The bank has made strategic investment of Rs 7.70 crore in NPCI, wherein 61,320 equity shares at book value of Rs 1,256 per equity share are allocated to the bank constituting about 0.44% shareholding of NPCI.
Gillette India National Anti-Profiteering Authority (NAA) has uploaded an order dated November 23, 2020 on their official website on November 25, 2020. The order alleges that the company has profiteered to the tune of Rs 57, 99, 37,416/- and directs the company to deposit the profiteered amount with interest in Consumer Welfare Funds. It's the position of the Company that it has passed on the net benefit of the reduced GST rates to its recipients and has not profiteered from it. The company is reviewing the order and will take
appropriate steps in due course.
Ramkrishna Forgings the company has completed the trial run of Hollow Spindle Line on 25 November 2020 and started its commercial production on 26 November 2020

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Siemens, Shriram Transport Finance, Laurus Labs in limelight

Nov 26 2020 4:26PM

Indian Intraday Stock Market Shares of Siemens registered a revenue from continuing operations of Rs 3,422 crore in Q4 September 2020, a 9.2% decrease over the corresponding quarter of the previous year. Profit from operations from continuing operations improved from 10% to 11.4% of revenue for corresponding quarter. The net profit after tax from continuing operations decreased by 4.7% to Rs. 333 crore, compared to the same period of previous year. The profit was impacted due to expences incurred during the lockdown period amounting to Rs. 285 crore.
Shriram Transport Finance Company said that the Allotment Committee  - NCDs of the company approved and allotted senior secured rated,listed principal protected market linked redeemable Non-convertible debentures (NCD) of face value of Rs ten lakh each on private placement basis.
Laurus Labs has signed definitive agreements with the Sellers i.e. Eight Roads Ventures and VenturEast Proactive Fund and VenturEast Life Fund III, to acquire 72.55% stake in Richcore Lifesciences Private Limited ('Richcore'), a biotechnology company, by way of cash consideration of Rs. 246.67 crore.
Fine Organic Industries informed that new manufacturing facility situated at Additional MIDC Patalaganaga, Maharashtra, India has started its operation from 25 November 2020.
Texmaco Rail & Engineering has incorporated a wholly-owned subsidiary company "Texmaco Engineering Udyog Private Limited" (TexUdyog) on 24 November 2020 to provide additional oppurtunities in sectors to supplement the business of parent company.

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Emami is the flagship company of the Emami Group and engaged

Nov 26 2020 12:49AM

Emami is seeking to cash in on Indian consumers slowly leaning towards homegrown brands following the government's 'Aatmanirbhar' campaign for its newly launched home hygiene products besides tapping on increased awareness due to Swachh Bharat initiative.
The company, which had recently forayed into the home hygiene category currently dominated by multinationals such as RB and Unilever's arm HUL, is looking to become a serious player in the segment with plans to introduce more products in future.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.

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Muthoot Finance in spotlight as RBI rejects plan to acquire IDBI MF

Nov 25 2020 11:02PM

Indian Intraday Stock Market Shares of Muthoot Finance: The gold loan NBFC on Tuesday said Reserve Bank of India (RBI) has rejected its proposal to acquire IDBI Asset Management on the grounds that “the activity of sponsoring a mutual fund or owning an asset managment company is not in consonance with the activity of an operating NBFC".
A share purchase agreement dated 22 November 2019 was entered into between Muthoot Finance, IDBI Bank, IDBI Capital Markets & Securities, DBI Asset Management and IDBI MF Trustee Company to purchase 100% equity shares of IDBI AMC subject to receipt of necessary regulatory approvals.
matrimony.com: SBI mutual fund purchased 7,44,279 shares,l or 3.27% equality, of the company at an average price of RS 643.90 on the NSE via bulk deal on tuesday ( 23 novenber 2020 ) . SBI mutual fund's stake in the company has increased to 5.46% from 2.19% earlier
Tata Chemicals: The Tata Group company has appointed N. Chandrasekaran as an additional director and chairman of the board of directors of the company effective 24 November 2020. Bhaskar Bhat has resigned as the director of the company, effective 24 November 2020.
Lasa Supergenerics: The API manufacturer has received further injunction from the Bombay High Court restraining its competitor from manufacturing albendazole in addition to other reliefs which is subject matter of patent infringement case, until disposal of suit issued by the company.
The receipt of this relief will restrain its competitor to manufacture and deal in one of the key product and enables the company to continue its leadership for its key products worldwide, the company said in a statement.
Hindustan Aeronautics: Workmen Unions at Bengaluru based Divisions and Koraput Division of the company have given notice of Nationwide General Strike on 26 November, 2020 against the Policies and  legislations of the Government.
TRF: The company is seeking shareholders' approval for sale of the entire stake held by Dutch Lanka Trailer Manufacturers (a step down wholly owned subsidiary of the company), in Tata International DLT, a 50:50 joint venture (JV) company of Tata International and Dutch Lanka Trailer Manufacturers, by way of postal ballot only through remote electronic voting process ('e-voting').
Ruby Mills: There was a fire at one of the sheds at Dhamni Factory near Khopoli on 24 November 2020. The fire was doused and a few looms/equipment were damaged. The company is yet to ascertain the quantum of damage. The estimated losses are adequately covered by insurance. The operations at the plant are not affected.
National General Industries: The board has recommended selling the steel casting unit of the company located in Alwar, Rajasthan. The company will seek shareholders' approval for the same.

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RIL, Coal India, Exide Industries in limelight

Nov 24 2020 11:56PM

Indian Intraday Stock Market Shares of Reliance Industries (RIL) will be watched. After receipt of all requisite approvals, Jio Platforms, a subsidary of the comapny, recieved teh subscription amount Rs. 33,737 crore from Google International LLC (a wholly owned subsidary of Google LLC). Jio platforms has alloted equity shares to Google International LLC following which Google International LLC hold 7.73% of the fully diluted equity share capital Jio platforms. Coal India's board approved to enhance the non-coking coal price by Rs. 10 per tonne for regulated and non-regulated sectors. This would come into froce from 1 December 2020. Exide Industries has further invested an amount aggregating to Rs 33.17 crore by way of subscription to the equity share capital of its subsidary, Exide Leclanche Energy Private Limited. With the above investment, the equity shareholding of Exide Industries in Exide Leclanche Energy Private Limited stands increased from 77.87% to 80.15% of the total paid-up share capital. Ingersoll-Rand (India) will be in focus. Ingersoll-Rand INC proposes to sell up to 1,425,798 equity shares (representing up to 4.52% of the total issued and paid-up equity share capital of the economy on November 24, 2020 and November 25,2020. The floor price for teh sale shall be Rs. 578.60 per equity share. Jubilant Industries has executed an 'Agreement to Sell' for transfer of portable liquir licinence of the comapny for manufacturing of India Made foriegn Liquir ('Licince') on November 23,2020. Consequent to the transfer of the Licence, the company shall no longer be manufacturing Indian Made Foriegn Liquor.

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State Bank of India (SBI) has partnered with Luxury car manufacturer Mercedes-Benz

Nov 24 2020 11:07PM

State Bank of India (SBI) has partnered with Luxury car manufacturer Mercedes-Benz for car finance at 'attractive' interest rate besides many other benefits.  The collaboration will give Mercedes-Benz India access to the unparalleled market penetration of SBI's HNI customer base, while the bank's customers will enjoy exclusive benefits on booking its luxury cars.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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Intellect Design Arena, a global leader when it comes to applying true digital

Nov 24 2020 11:06PM

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena, has declared that Burgan Bank, a leading banking service provider to the Kuwaiti business community has successfully deployed superior customer-centric channel capabilities to augment and enhance its digital cash management services.
Powered with enhanced customer experience channel technology CBX, Burgan Bank is now positioned to strengthen its corporate customer footprint and expand its Kuwaiti portfolio significantly by enabling the corporate sector with the latest technology and well-designed products. Burgan Bank is now poised to offer a full range of streamlined and advanced transaction banking services to leading Kuwaiti corporations & SMEs across the trading, manufacturing, contracting, alternative energy and advanced technology sectors.
Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

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Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry

Nov 24 2020 11:05PM

Indian Overseas Bank (IOB) is expecting resolution of about Rs 18,000 crore of non-performing assets (NPAs) under the insolvency and bankruptcy process during the second half of the current fiscal, a move that will boost its bottomline. On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March.
During the second quarter, the bank registered a substantial improvement in asset quality as gross non-performing assets (NPAs) plunged to 13.04 per cent of gross advances from 20 per cent at the end of September 2019. In value terms, gross NPAs or bad loans fell to Rs 17,659.63 crore as against Rs 28,673.95 crore a year ago. Net NPAs reduced to 4.30 per cent (Rs 5,290.60 crore) from 9.84 per cent (Rs 12,507.97 crore) a year ago.
Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

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Datamatics Global Services provides intelligent solutions for data driven

Nov 24 2020 11:09PM

Datamatics Global Services has received an approval to dispose off the entire stake which is indirectly held by the Company in its Step Down and Material Foreign Subsidiary, namely CIGNEX Datamatics, Inc. (CIGNEX US), a corporation headquartered in the USA by way of divestment through stock redemption agreement entered into by and between Cignex US and Datamatics Global Technologies, Mauritius (DGTL), subject to approval of the shareholders and all concerned statutory and regulatory authorities, as may be necessary. With this transaction, the earlier deal with Relevance Lab stands terminated.
The Board of Directors of the company at its meeting held on November 24, 2020, has approved the same.
Datamatics Global Services provides intelligent solutions for data driven businesses to increase productivity and enhance the customer experience.

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Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Nov 23 2020 11:57PM

Bharti Airtel’s subsidiary -- Airtel Digital TV and Vedantu have entered into partnership to make quality education accessible to students across India by leveraging the deep reach of Airtel. Under the partnership, two dedicated DTH channels -Vedantu Materclasses - will be available exclusively to the 17 million Airtel Digital TV customers at the highly affordable price of Rs 4 per day.
The channels will cater to students from Classes 6 to 10 and Classes 11 to 12 respectively and will cover Maths and Science. The learning will be delivered by best-in-class faculty including graduates from IIT and AIIMS with proven track records in teaching. The medium of teaching will be a mix of English and Hindi with plans underway to add regional language content, where possible.

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Biocon is India’s largest and Asia’s leading Biotechnology Company

Nov 23 2020 11:56PM

Biocon has entered into an agreement for acquisition of 26% equity stake on a fully diluted basis in Hinduja Renewables Two (HRTPL), a special purpose vehicle formed for the purpose of power generation and developing a captive power plant as per Electricity laws. HRTPL was incorporated on September 25, 2020, which will engage in the business of power generation and will develop a 19.77 MW wind power plant (captive) at Raichur District of Karnataka.
Biocon is India’s largest and Asia’s leading Biotechnology Company with a strategic focus on biopharmaceuticals and research services. It is a fully integrated, innovation driven biopharma enterprise offering affordable solutions for chronic diseases to patient's worldwide.

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L&T Finance Holdings is a financial holding company offering a diverse range

Nov 20 2020 11:24PM

L&T Finance Holdings’ material subsidiary -- L&T Finance has invoked shares of three Essel Group companies -- Zee Media Corporation, Zee Learn and Siti Network -- and appropriated them against loan outstanding amount. The company invoked and appropriated against loan outstanding amount 1.24 crore shares constituting 2.65 per cent stake of Zee Media Corporation on November 18.
The company also invoked and appropriated against loan outstanding amount 96.02 lakh shares constituting 2.94 per cent stake of Zee Learn on November 18.  It has invoked and appropriated against loan outstanding amount 5.73 crore shares constituting 6.58 per cent stake of Siti Networks on November 18.
L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.

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Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Nov 20 2020 11:23PM

Hero MotoCorp has enhanced its marquee ‘collaborative’ platform - Hero CoLabs - into a crowd-sourcing platform. Following the roaring success of ‘Hero CoLabs - The Design Challenge’, launched in April this year, the platform will now roll out initiatives across the year, focusing on various aspects of business operations. These will be open to participants across Hero MotoCorp’s global markets, in addition to India.
Kicking-off the new journey is ‘The App Challenge’ which provides an ideal platform to budding programmers, developers, students, fans, and professionals to showcase their technical skills, creativity and designing ability.

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Tech Mahindra represents the connected world, offering innovative

Nov 19 2020 8:37PM

Tech Mahindra has launched Workspace NXT (Workplace as a Service) the latest version of its next-generation integrated digital workplace solution for enterprises globally. The digital workplace solution brings together VMware, Intel and Dell Technologies to enable secure and personalized remote working experiences.
Workspace NXT is designed to deliver the highest level of security using hybrid workspace delivery model that leverages virtualization, enterprise mobility and context aware security. As part of this collaboration, Tech Mahindra will leverage solutions including VMware Workspace One, Dell EMC VxRail and Horizon platform to enable remote work and drive seamless productivity, anytime on any device. Further, Intel Optane persistent memory will accelerate underlying infrastructure of enterprises resulting in superior performance, efficiencies and cost benefits.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

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Wipro is a leading global information technology, consulting and business process services company.

Nov 19 2020 8:36PM

Wipro has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) - 2020 for the eleventh year in succession. This year, 3429 companies were assessed from around the world, of which 323 made it to the final DJSI (World) index for 2020-2021. The IT Services sector saw 86 companies participating globally of which ten have been selected in the World Index. Wipro is also part of DJSI (Emerging Markets).
Wipro is a leading global information technology, consulting and business process services company.

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Tata Consultancy Services (TCS) has been recognized as a leader in the Everest Group

Nov 18 2020 11:37PM

Tata Consultancy Services (TCS) has been recognized as a leader in the Everest Group PEAK Matrix for Industry 4.0 Services. The company was positioned as a leader in all the Industry 4.0 service functions mentioned in the report – Consulting and Design, Development and Verification and Validation, Deployment and System Integration, and Managed Services and Support.
According to the report, the company has established credentials in the market as a leading partner in Industry 4.0 with deep domain knowledge and superior technical competency.
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

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Nippon India Mutual Fund (MF) has launched the Nippon India

Nov 4 2020 12:08AM

Nippon India Mutual Fund (MF) has launched the Nippon India ETF Nifty CPSE Bond Plus SDL-2024 Maturity, an open-ended Target Maturity Exchange Traded CPSE Bond Plus SDL Fund predominately investing in constituents of Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index. The NFO opens for subscription on November 03, 2020 and closes on November 09, 2020. No Exit load and Entry load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against its performance to Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index and its fund manager is Prashant Pimple.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index before expenses, subject to tracking errors.

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Kotak Mahindra Mutual Fund has filed offer document with SEBI

Oct 29 2020 10:49PM

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Kotak All Weather Debt FOF’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load for redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units, irrespective of the amount of investment will be 1%; for  redemptions / switch outs (including SIP/STP) after 1 year from the  date of allotment of units, irrespective of the amount of investment will be Nil. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY Composite Debt Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets.

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Kotak Mahindra Mutual Fund has filed offer document with SEBI

Oct 26 2020 5:14PM

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Kotak IT ETF’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY IT Index TRI. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to replicate the composition of the NIFTY  IT  Index  and to generate  returns  that  are  commensurate  with  the performance of the NIFTY IT Index, subject to tracking errors.


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Mahindra Manulife Mutual Fund (MF) has launched the Mahindra Manulife

Oct 26 2020 5:13PM

Mahindra Manulife Mutual Fund (MF) has launched the Mahindra Manulife Focused Equity Yojana, an open-ended equity scheme investing in maximum 30 stocks across market caps (i.e Multi Cap). The NFO opens for subscription on October 26, 2020 and closes on November 09, 2020. No Entry load will be applicable for the scheme. The Exit load will be 1%, if units are redeemed / switched-out upto 1 year from the date of allotment and nil, if units are redeemed / switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against the performance to the NSE 500 TRI Index and its fund manager is Krishna Sanghavi
The investment objective of the scheme is to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalization.

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The scheme’s performance will be benchmarked against its performance

Oct 16 2020 11:47PM

Axis Mutual Fund (MF) has launched the Axis Banking ETF, an open-ended scheme replicating / tracking NIFTY Bank Index. The NFO opens for subscription on October 16, 2020, 2020 and closes on October 29, 2020. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against its performance to Nifty Bank TRI Index and its fund manager is Ashish Naik.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the NIFTY Bank Index subject to tracking errors.

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SBI Mutual Fund (MF) has launched the SBI Floating Rate Debt Fund

Oct 6 2020 5:29PM

SBI Mutual Fund (MF) has launched the SBI Floating Rate Debt Fund, an open-ended debt scheme investing predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/derivatives). The NFO opens for subscription on October 06, 2020 and closes on October 08, 2020. The Entry load will not be applicable for the scheme. The Exit load will 0.10%, for exit within 3 days from the date of allotment and nil, for exit on or after 3 days from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against its performance to CRISIL Ultra Short Term Debt Index and its fund managers are Rajeev Radhakrishnan and Mohit Jain.
The investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt instruments. The scheme may invest a portion of its net assets in fixed rate debt securities swapped for floating rate returns and money market instruments.

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Sundaram Mutual Fund (MF) has launched the Sundaram Bluechip Fund

Sep 18 2020 7:44PM

Sundaram Mutual Fund (MF) has launched the Sundaram Bluechip Fund, an open ended equity scheme predominantly investing in large cap stocks. The NFO opens for subscription on September 17, 2020 and closes on September 30, 2020. The Entry load is not applicable for the scheme. The Exit load will be 1%, for redemption within 12 months from the date of allotment and nil, for redemption on or after 12 months from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against its performance to the Nifty 100 TRI index and its fund managers are Rahul Baijal & S Krishnakumar (equity), Dwijendra Srivastava (Fixed Income) and Rohit Seksaria is the dedicated fund manager for investments in overseas securities.
The investment objective of the scheme is to generate capital appreciation by investing in large cap stocks.

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The investment objective of the scheme is to seek long term capital growth

Aug 25 2020 6:55PM

Baroda Mutual Fund (MF) has launched the Baroda Large and Mid Cap fund, an open ended equity scheme investing in both large cap and mid cap stocks. The NFO opens for subscription on August 17, 2020 and closes on August 31, 2020. The No Entry load will applicable for the scheme. The Exit load will be nil, if redeemed up to 10% of the Units, on or before 365 days from the date of allotment of Units. If Units are redeemed over and above the 10% limit, on or before 365 days from the date of allotment of Units, the Exit load will be 1% of the applicable Net Asset Value (NAV). If Units are redeemed after 365 days from the date of allotment of Units, the Exit load will be nil. The above Exit Load will be applicable on a FIFO (First-In-First-Out) basis, to all subscription transactions, excluding switch-ins. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against its performance to S&P BSE 250 Large MidCap 65:35TRI and its fund managers are Sanjay Chawla and Ashwani Kumar Agarwalla.
The investment objective of the scheme is to seek long term capital growth through investments in both large cap and mid cap stocks.

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Minister of State for Food and Consumer Affairs has projected a fall in Indias sugar

Mar 4 2020 6:44PM

Minister of State for Food and Consumer Affairs has projected a fall in Indias sugar output by 18% Y-o-Y, at 27.3 million tonne (MT) for ongoing 2019-20 season compared to 33.13 in last sugar season 2018-19. According to the industry body Indian Sugar Mills Association (ISMA), the country has produced 19.48 MT of sugar till February of the marketing year 2019-20 (October-September).
Sharp dip in the yield of sugarcane in the major sugar-producing states of Maharashtra and Karnataka, due to drought in some parts and heavy rains and floods in some other parts of these states, has resulted in the overall dip in sugar output.
Even though, the carry-over stock of about 14.5 MT of the previous sugar season and estimated production of about 27.3 MT in the current sugar season, the availability of sugar will be sufficient to meet the domestic consumption of about 26 MT. While, the ISMA, stated that contracts for exports have been made for a quantity of over 3.5 MT. The government has given 6 MT of sugar export quota for mills in the current season.

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Crude steel output of India dips by 3.2% to 9.28 MT in January

Mar 3 2020 7:01PM

World Steel Association (worldsteel) in its latest report has stated that crude steel output of India has dipped by 3.26% to 9.288 million tonnes (MT) in January 2020 as compared to same month last year`s 9.591 MT. Meanwhile, the overall crude steel production from 64 countries reporting to the association was at 154.4 MT in January 2020, up by 2.1 % as against January 2019.
China, the world`s largest steel producing country, reported a rise in crude steel production in month of January 2020 by 7.2% at 84.3 MT as against last year same month. However, Japan has reported fall in its crude steel output during the period under consideration, by about 1.3% compared to last year same period. South Korea`s crude steel production was 5.8 MT in January 2020, a decrease of 8% from the corresponding period last year.
worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. As many as 64 major steel producing countries report data to the body which represents around 85% of global steel production.

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Indias coal imports increase by 8.6% in November

Feb 12 2020 6:23PM

Indias coal imports have increased by 8.6% to 21.83 million tonnes (MT) during the month of November 2019 from a year earlier, after previous three straight months of decline.
As per estimates of Coal Ministry, thermal coal, which is been used for electricity generation, imports peaked to 17.65 MT by about 12.3% increase as against previous year same month. While, shipping in of coking coal into the country fell by 5% to 4.18 MT as compared to last year same month.
During August to October, Indian thermal coal imports had marked declines, registering their longest losing streak in over two years. Mainly, the broader economic slowdown worries had weighed on the industrial investments.

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Indian gems and jewelry shipments slip 8.45% in January

Feb 12 2020 6:21PM

The Gem Jewellery Export Promotion Council (GJEPC) stated that Indias exports of gems and jewelry slipped 8.45% to Rs 21,146.59 crore in January 2020, as against previous year same month`s Rs 23,099.57 crore. The country`s exports during April 2019 to January 2020, witnessed a fall of 4.78% to Rs 2,16,076.06 crore as against previous year same period`s 2,26,933.91 crore.
Shipment of cut and polished diamonds (CPD) in the month of January also dropped by 4.92% to Rs 11,757.08 crore as against previous year same month`s Rs 12,365.89 crore. While for the first 10 months of FY20 the CPD slipped by 16.04% to Rs 1,14,982.97 crore as against previous year same period`s Rs 1,36,941.69 crore.
The overall gold exporting in January also dipped by 2.21% to Rs 6,337.12 crore as against previous year same month`s Rs 6,480.26 crore. Although, overall gold jewelry exporting during April 2019 to January 2020 has marked a gain of 5.33% to Rs 71,981.43 crore as against previous year same period`s Rs 68,340.74 crore.

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Indias potato production increases 51% to 52.5 MT in over a decade: Agriculture Minister

Jan 31 2020 10:14PM

Union Agriculture Minister Narendra Singh Tomar has said potato production of India increased 51% to 52.5 million tonnes (MT) in over a decade. Its production had stood at 34.7 MT in 2008. He pegged the potato output to grow about 3% annually till 2050. He added that the production of potato rose 34 times in seven decades while the area under cultivation grew by 9.3 times.
India is the second-largest producer of potato after China in the world. Together, both the countries contribute 38% to the world`s total potato production. Tomar further said the country also needs to increase the crop`s exports.
He expressed concerned over crop losses, saying the damage to the crop currently stands at 16 per cent that needs to be reduced. He also said that experts and researchers will have to find a way out to develop high-quality and disease-resistant variety of potato seed which would consume less water and meet the challenges of global warming.


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The Economic Survey 2019-20 has showed that India produced 64.3 million tonne

Jan 31 2020 10:12PM


The Economic Survey 2019-20 has showed that India produced 64.3 million tonne (MT) of crude steel and 59.73 MT of finished steel during April-October, 2019-20. The Survey also noted that the steel sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period.
As per the survey, India produced 109.2 MT of crude steel during 2018-19 and in the current financial year (FY) till October 2019, crude steel production was 64.3 MT, displaying a growth of 1.5 per cent over corresponding period of last year with utilization capacity of 77.4 per cent. Similarly, it noted that production of finished steel was 137.2 MT in 2018-19 and 59.73 MT during April-October 2019.
The Survey further said as per RBI studies on corporate performance, demand conditions for the manufacturing sector weakened in second quarter of 2019-20, with a contraction year-on-year in nominal sales. It added that petroleum products, iron and steel, motor vehicles and other transport equipment companies were the major contributors to slowdown.

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Indias gold imports has dipped by 6.77% to $23 billion during April-December 2019

Jan 27 2020 6:34PM

Indias gold imports has dipped by 6.77% to $23 billion during April-December 2019 as against last year same period`s $24.73 billion. This has contributed to trim the countrys current account deficit (CAD) to $118 billion during the period, compared to last year`s $148.23 billion.
India, the largest importer of gold, imports about 800-900 tonne of gold annually in volume terms. The government had increased import duty on the metal to 12.5% from 10%, to mitigate the negative impact of gold imports on trade deficit and CAD.
Meanwhile, gems and jewelry exports declined 6.4% to $27.9 billion in April-December this fiscal. The country`s imports in terms of value dipped by 3% to $32.8 billion in 2018-19. According to RBI data, the CAD narrowed to 0.9% of gross domestic product or $6.3 billion in July-September 2019 from 2.9% or $19 billion in corresponding period previous year.

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The government is considering lifting ban on exports of onion as fresh arrival of the commodity

Jan 24 2020 1:27PM


The government is considering lifting ban on exports of onion as fresh arrival of the commodity has started softening its prices in the domestic market. Arrival of fresh onion will further soften the prices in the domestic market so there is a need to lift the export ban. Onion prices have come down to around Rs 60-70 per kg depending upon quality and locality from the peak of Rs 160 per kg last month.
Fresh onion is available from January to May. In September 2019, the government had banned the export of onion to increase availability of the commodity in the domestic market and contain rising prices. The government had also imposed stock limits on traders.
Retail onion prices had skyrocketed in Delhi and other parts of the country due to supply disruption from flood-affected growing states like Maharashtra. Onion production is estimated to have declined by around 25% in the Kharif and late Kharif seasons of 2019-20 crop year compared to the previous year due to late monsoon and then excess rains in the major producing states.

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Post-Session :Asian markets ended mostly lower on Wednesday.

Nov 26 2020 12:48AM

Wednesday turned out to be a dismal day of trade for Indian equity benchmarks, where key gauges went home with a cut of over one and half percent each, breaching their crucial 43,850 (Sensex) and 12,900 (Nifty) levels, as investors booked profit across-the-board. Both indices had scaled fresh record highs in the opening session, as sentiments got a boost after Nilesh Shah, a part-time member of the economic advisory council to the Prime Minister, said the GDP contraction will improve to higher single digits in the September quarter, and the economy will be back to positive growth by the March quarter. Some support also came with CII National Committee on Retail Chairman Shashwat Goenka’s statement that a cohesive national retail policy would go a long way in reviving the sector and help generate up to 30 lakh additional jobs in the country by 2024, He said a thorough national retail policy would help the sector bounce back and grow exponentially in the years to come.
However, benchmark indices erased all gains and slipped into the red in late morning deals, as the sentiments turned pessimistic with S&P Global Ratings’ statement that non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months. Some cautiousness also came after a senior finance ministry official said that India's score on protection of minority investors compiled by the World Bank as part of the Ease of Doing Business rankings has slipped recently and there is a need for stakeholders to improve on this aspect. Traders remain concerned even after Union Commerce and Industry Minister Piyush Goyal has said that the results of the second quarter of major companies show that profitability of most of them has gone up, indicating that the Indian industry has utilized the Covid period to do the belt-tightening, improve the product-mix, and focus on quality and productivity.
On the global front, Asian markets ended mostly in red, while European markets were trading mostly in red, despite optimism that progress in the development of coronavirus vaccines would hasten the pace of economic recovery and as the formal start of U.S. President-elect Joe Biden's transition to the White House eased some of the political uncertainty. Back home, on the sectoral front, aviation industry stocks were in focus with ICRA’s report that the Maharashtra government’s decision to make coronavirus negative report mandatory for those entering the state from four certain states is expected to impact the domestic travel demand further. There was be some buzz in automobile industry stocks with Ind-Ra’s report that India's two-wheeler exports will see sustained growth in the second half of next fiscal after witnessing temporary hurdles in the first half this year due to COVID-19 and weakened crude oil prices, hurting the economies of key exporting destinations.
Finally, the BSE Sensex fell 694.92 points or 1.56% to 43,828.10, while the CNX Nifty was down by 196.75 points or 1.51% to 12,858.40.
The BSE Sensex touched high and low of 44,825.37 and 43,757.97, respectively and there were 3 stocks advancing against 27 stocks declining on the index.
The broader indices ended in red; the BSE Mid cap index fell 1.76%, while Small cap index was down by 1.13%.
The only gaining sectoral index on the BSE was Oil & Gas up by 0.08%, while Telecom down by 2.20%, Realty down by 2.19%, Bankex down by 2.00%, Healthcare down by 1.89% and Auto down by 1.74% were the top losing indices on BSE.
The top gainers on the Sensex were ONGC up by 6.25%, Power Grid up by 0.33% and Indusind Bank up by 0.10%. On the flip side, Kotak Mahindra Bank down by 3.22%, Axis Bank down by 3.16%, Sun Pharma down by 2.61%, HDFC Bank down by 2.50% and Bajaj Finance down by 2.49% were the top losers.
Meanwhile, CII National Committee on Retail Chairman Shashwat Goenka has said that a cohesive national retail policy would go a long way in reviving the sector and help generate up to 30 lakh additional jobs in the country by 2024, He said a thorough national retail policy would help the sector bounce back and grow exponentially in the years to come.
Goenka has noted that as per industry estimates, around 5 crore people are employed in the organised retail sector in India. He also said moving forward as the industry revives from its slump, new and emerging models need to be deliberated in order to accelerate the recovery process. He stated that the industry is still hampered by the loss in the demand therefore proactive steps need to be taken in order to revive consumer confidence as well.
To address these challenges and bottlenecks faced by the sector across formats, he believed that the government should come up with a cohesive model retail policy. He also said today more than ever it is imperative to create a necessary environment for conducive growth with the national retail policy. He added that by implementing a cohesive retail policy the government can fuel the sector's growth which can generate up to 30 lakh additional jobs by 2024, apart from creating indirect job opportunities in allied sectors.
The CNX Nifty traded in a range of 13,145.85 and 12,833.65 and there were 7 stocks advancing against 43 stocks declining on the index.
The top gainers on Nifty were ONGC up by 5.91%, GAIL India up by 1.65%, Adani Ports & SEZ up by 1.44%, SBI Life Insurance up by 1.32% and Coal India up by 0.49%. On the flip side, Eicher Motors down by 3.72%, Axis Bank down by 3.44%, Kotak Mahindra Bank down by 2.97%, Sun Pharma down by 2.53% and Bajaj Finance down by 2.43% were the top losers.
European markets were trading mostly in red; UK’s FTSE 100 decreased 23.21 points or 0.36% to 6,408.96 and Germany’s DAX fell 25.71 points or 0.19% to 13,266.73, while France’s CAC was up by 2.30 points or 0.04% to 5,560.72.
Asian markets ended mostly lower on Wednesday. However, Japanese shares climbed with vaccine optimism and fading US election uncertainty, despite news that the Tokyo Metropolitan Government plans to ask restaurants that serve alcohol to shorten operating hours for three weeks amid a surge in corona virus cases. The formal start of US president-elect Joe Biden’s transition to the White House eased some of the political uncertainty.

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LME Inventory

Apr 12 2017 1:51PM

       COPPER: -850 MT

       ZINC: -1850 MT

       LEAD: -1025 MT

       NICKLE: -1194 MT

       ALUMINIUM: -13575 MT

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]