Nifty likely to trade between 10,000 and 12,300 in 2019: Narnolia

Shabbir Kayyumi During 2018 calendar year, Nifty has received strong support from 10,000 levels twice once in March when initial period of sharp selling in mid and small cap stocks started and secondly during October when liquidity crisis in money market was at its peak.

Ideas for Profit | Leisurewear companies: Barring Page Industries, not much steam in the short term

Ideas for Profit | Leisurewear companies: Barring Page Industries, not much steam in the short term NULL

Shilpa Medicare gets USFDA nod for cancer treatment injection

Shilpa Medicare gets USFDA nod for cancer treatment injection The company has received US Food and Drug Administration (USFDA) approval for its ANDA Irinotecan HCL injection USP in the strengths 40 mg/2mL and 100 mg/5mL (20mg/mL) single dose vials, Shilpa Medicare said in a BSE filing.

New food standards to come into force from January 1: FSSAI

New food standards to come into force from January 1: FSSAI The Food Safety and Standards Authority of India on December 31 said food businesses are usually provided at least 6 months as transition period before new standards come into force and the date of effect of standards is either January 1 or July 1.

New food standards to come into force from January 1: FSSAI

New food standards to come into force from January 1: FSSAI The Food Safety and Standards Authority of India on December 31 said food businesses are usually provided at least 6 months as transition period before new standards come into force and the date of effect of standards is either January 1 or July 1.

Expect crude oil to be volatile in 2019: Anand Rathi

Ravindra Rao US crude-oil production may be further boosted in 2019 as infrastructure constraints in the Permian Basin could be resolved

Paytm Payments Bank back in business after RBI nod for account opening

Paytm Payments Bank back in business after RBI nod for account opening RBI had found slip-ups on Paytm#39;s part regarding statutory norms during a regulatory audit six months ago, and was barred from getting new customers

PSU share sale hits record high of Rs 77,417 cr in 2018; Air India sale next on agenda

PSU share sale hits record high of Rs 77,417 cr in 2018; Air India sale next on agenda The BJP-led NDA, which in its previous stint privatised the most number of PSUs ever, continues to shy away from the outright sale of bluechip state firms to the private sector in the present regime and is instead pursuing a newfound strategy of merging companies to meet its revenue targets.

Many instances of firecracker bursting violating SC order observed on New year#39;s eve: Officials

Many instances of firecracker bursting violating SC order observed on New year#39;s eve: Officials The Centre-run System of Air Quality and Weather Forecasting (SAFAR) on Monday warned that any new trigger, particularly due to "open fire and pyrotechnic display (firecrackers)", will make the air heavier and thicker which may lead to rapid deterioration in air quality to severe-plus range.

RBI vs Govt in 2018: A #39;husband-wife#39; relation that turned stormy

RBI vs Govt in 2018: A #39;husband-wife#39; relation that turned stormy Many blamed the pressure brought by the government on the central bank to ease lending restrictions and release more of its capital to bolster the economy for Patel#39;s resignation.

JSPL names Naushad Ansari as joint MD

JSPL names Naushad Ansari as joint MD "Nausad Akhter Ansari has been elevated as Joint Managing Director. Ansari, the current CEO of steel business will assume the role of Joint MD of the company with immediate effect," the company said in a statement.

Maruti Suzuki reports 1.3% decline in December sales at 1,28,338 units

Maruti Suzuki reports 1.3% decline in December sales at 1,28,338 units Domestic sales were up 1.8 percent at 1,21,479 units last month as against 1,19,286 units in the year-ago month, it added.

Maruti Suzuki December sales miss estimates, down 1.3% at 1.28 lakh units

Maruti Suzuki December sales miss estimates, down 1.3% at 1.28 lakh units Passenger cars sales at 83,729 units fell by 4.7 percent YoY as mini segment (Alto and WagonR) and compact car segment (Swift, Ignis, Dzire, Baleno etc) registered 14 percent and 3.8 percent degrowth YoY.

Tata Elxsi and Colgate among 5 stocks that could return 8-14%

Tata Elxsi and Colgate among 5 stocks that could return 8-14% The Nifty managed to hold above 10,850 on December 31, and if it breaks below this level then we expect the index to decline towards 10,760-10,740 where next supports are seen

Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal

Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal Finance Minister Arun Jaitley had in 2018-19 budget announced coming out with a debt ETF, following the success of equity ETFs like CPSE ETF and Bharat-22 ETF.

Focus on largecaps in 2019, be selective as market liquidity problem continues: Emkay

Focus on largecaps in 2019, be selective as market liquidity problem continues: Emkay The focus in portfolio investments should be largely on large-caps and to some extent on the mid-caps, and one needs to be selective in the investments given the liquidity conditions in the market,

Gold, mutual funds, equity - where to invest in 2019?

Gold, mutual funds, equity - where to invest in 2019? Continue your asset allocation and ensure at least around 5-10% of your portfolio in gold.

India cuts tax on crude, refined palm oil imports from ASEAN countries

India cuts tax on crude, refined palm oil imports from ASEAN countries The duty on crude palm oil was lowered to 40 percent from 44 percent, while a tax on the refined variety was cut to 50 percent from 54 percent, the notification said.

WhatsApp will not work on these devices in 2019

WhatsApp will not work on these devices in 2019 Users will be able to use their existing WhatsApp accounts on these phones, but some features may soon stop functioning

Oil posts first year of losses since 2015

Oil posts first year of losses since 2015 The market had been on track for solid gains for the year until October, when the United States granted larger-than-expected waivers to importers of Iran#39;s oil, and as demand in emerging economies started to sag.

Govt infuses Rs 10,882cr in UCO Bank, Syndicate Bank, BoM and Central Bank

Govt infuses Rs 10,882cr in UCO Bank, Syndicate Bank, BoM and Central Bank The government pumped in Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

Govt monitoring economic conditions to ensure fiscal deficit remains within target: FinMin

Govt monitoring economic conditions to ensure fiscal deficit remains within target: FinMin The ministry further said the efforts were being made to achieve the target for non-debt receipts as well as tax receipts.

Here are steps to follow while claiming life insurance benefits

Here are steps to follow while claiming life insurance benefits The insurer is obligated to settle a claim within 30 days of receipt of all necessary documents

Govt infuses Rs 10,882 crore capital in four PSU banks

Govt infuses Rs 10,882 crore capital in four PSU banks The government pumped in Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

Online sellers body accuses Ekart of firing 300 people, Flipkart says they were temp staff

Online sellers body accuses Ekart of firing 300 people, Flipkart says they were temp staff Flipkart in a statement said it continues to work with many reputed local third-party vendors who support in temporary staffing solutions to cater to festive demands.

7 fuel-efficient cars to look forward to in 2019

7 fuel-efficient cars to look forward to in 2019 We will now have to wait to see which of these seven contenders claims the title of most fuel efficient of them all

AIOVA charges Ekart of firing 300 people, Flipkart says temp staff brought in for limited time

AIOVA charges Ekart of firing 300 people, Flipkart says temp staff brought in for limited time Flipkart in a statement said it continues to work with many reputed local third-party vendors who support in temporary staffing solutions to cater to festive demands.

More coordination among financial sector regulators needed: RBI

More coordination among financial sector regulators needed: RBI The comments come in the wake of the crisis at infra lender ILFS and also a few years after chit fund scams, which had exposed certain chinks.

23 goods and services to get cheaper from Jan 1 as reduced GST rates kick in

23 goods and services to get cheaper from Jan 1 as reduced GST rates kick in The GST Council on December 22 decided to cut tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks and exempted frozen and preserved vegetables from the levy.

HDFC raises lending rates by 0.1%

HDFC raises lending rates by 0.1% The new rates range from 8.90 to 9.15 percent on various slabs of loans.

India#39;s external debt declines 3.6% to $510.4 bn at Sept-end

India#39;s external debt declines 3.6% to $510.4 bn at Sept-end Valuation gains due to the appreciation of the dollar vis-à-vis the rupee and major currencies were placed at $25.4 billion.

NBFCs balance sheet grew 17.2% to Rs 26 tn as of Sep 2018: RBI

NBFCs balance sheet grew 17.2% to Rs 26 tn as of Sep 2018: RBI Gross non performing assets of the NBFC sector as a percentage of total advances rose to 6.1 percent in September 2018 from 5.8 percent in March 2018, the report said.

Banks#39; bilateral exposure to financial system at 46.5%: RBI

Banks#39; bilateral exposure to financial system at 46.5%: RBI It, however, said there is a decline in AMC-MFs share in the second quarter of FY19 as they have reduced their lending to NBFCs and HFCs.

Small stocks lose sheen, tumbles nearly 24% in 2018

Small stocks lose sheen, tumbles nearly 24% in 2018 In 2018, the BSE Smallcap index tumbled 23.52 percent or 4,524.03 points while the Midcap index shed 13.37 percent or 2,383.95 points, according to an analysis.

PCA framework helped reduce contagion losses: RBI report

PCA framework helped reduce contagion losses: RBI report The report said the true or the underlying systemic footprint can only be estimated if the implicit sovereign guarantees enjoyed by the PCA banks is done away with.

Govt sets up council to boost local manufacturing, export of medical devices

Govt sets up council to boost local manufacturing, export of medical devices The Council will be headed by Secretary, DIPP of the Ministry of Commerce and Industry

Investors become poorer by Rs 7.25 lakh cr in 2018

Investors become poorer by Rs 7.25 lakh cr in 2018 The market capitalisation (m-cap) of the BSE-listed companies slumped to Rs 1,44,48,465.69 crore this year.

3 Point Analysis | FDI in e-com: Will the government be able to play good cop bad cop ahead of elections?

3 Point Analysis | FDI in e-com: Will the government be able to play good cop bad cop ahead of elections? Priyanka Sahay does a three-point analysis of how FDI in e-commerce will affect the online market.

Lupin gets USFDA nod for Clobazam Oral Suspension

Lupin gets USFDA nod for Clobazam Oral Suspension The drug is indicated for treatment of seizures associated with Lennox-Gastaut Syndrome (LGS) in patients of two years of age or older.

2018 in numbers: Startups raised $10.5 billion this year across 924 deals

2018 in numbers: Startups raised $10.5 billion this year across 924 deals The consumer sector continued to remain the most favourite of investors, seeing investments worth $6.57 billion across 350 funding rounds.

Banking sector on course to recovery as NPAs recede: RBI

Banking sector on course to recovery as NPAs recede: RBI The weaker ones among the public sector banks need to be supported through recapitalisation, the Governor said in his foreword to RBI#39;s half-yearly financial stability report

ILFS effect: RBI to relook at fin conglomerates#39; oversight

ILFS effect: RBI to relook at fin conglomerates#39; oversight In its half-yearly Financial Stability Report, the RBI said FCs pose "clear risks" as intra-group transactions "create opportunities for regulatory arbitrage" through bypassing regulations related to exposure norms.

Sebi lays framework to make physical settlement mandatory

Sebi lays framework to make physical settlement mandatory According to the regulator, stocks that are being cash-settled shall be ranked in descending order based on daily market capitalisation averaged for December 2018.

Bank GNPAs improved to 10.8%; net NPAs to 5.3% in September: RBI

Bank GNPAs improved to 10.8%; net NPAs to 5.3% in September: RBI The net NPAs ratio also witnessed a fall at 5.3 percent in September 2018 as against 6.2 percent in March 2018, RBI said in its Financial Stability Report.

Tyre sector may grow 7-9% in 5 years buoyed by demand,lower crude: ICRA

Tyre sector may grow 7-9% in 5 years buoyed by demand,lower crude: ICRA ICRA, in the note also forecast the industry to see a capital expenditure of around Rs 20,000 crore during this period.

Govt not seeking RBI reserves to meet fiscal deficit: Arun Jaitley

Govt not seeking RBI reserves to meet fiscal deficit: Arun Jaitley Replying to a debate on the second batch of supplementary demands for grants in the Lok Sabha, the Minister said that the Modi government has the best track record of keeping fiscal deficit under check.

Fortis Healthcare appoints Shirish Moreshwar Apte as vice-chairman

Fortis Healthcare appoints Shirish Moreshwar Apte as vice-chairman Apte was appointed to the board of IHH Healthcare Berhad in September 2014, Fortis Healthcare said.

Realme to expand offline presence to 150 cities across India in 2019

Realme to expand offline presence to 150 cities across India in 2019 In a statement on December 31, Realme said it would start with top cities of the country, gradually moving towards 150 cities phase by phase.

IIM-Bangalore to implement revamped tea e-auction system

IIM-Bangalore to implement revamped tea e-auction system A tea industry source said that the Tea Board has formed a special committee and put the process on fast track mode.

ILFS puts commercial, residential properties up for sale

ILFS puts commercial, residential properties up for sale Properties on sale include a 1,376 square feet residential property located at upscale Malabar Hill besides three commercial properties in Mumbai and one commercial space in Kolkata.