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29Th Sept 2018
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Saturday 29 September 2018
Check,how dividend fund works to make 2.80 crore by investing only Rs.10 lac-The Total Investment & Insurance Solutions
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Friday 28 September 2018
Nifty, Sensex May Rise on Relief Rally – Weekly closing report-The Total Investment & Insurance Solutions
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28 September
2018
I had
mentioned in last week’s closing report that too many negatives had come
together for Nifty, Sensex. The major indices of the Indian stock markets were
range-bound during the week and closed with marginal losses over the previous
close. The trends of the major indices in the course of the week’s trading are
given in the table below:
The
major indices of the Indian stock markets suffered a further correction on
Monday. On the NSE, there were 273 advances, 1,526 declines and 276 unchanged.
Ramco
Systems won an order for Ramco Aviation Suite from multidisciplinary technology
services provider Advanced Global Resources, to track and manage inventory in
real-time, ensuring auditability and accountability for their asset management responsibilities
to the US Army.
L&T
Technology Services has won a 5-year Engineering Content Management (ECM) deal
worth US$ 40 million in Europe. LTI to provide AI & Virtual Reality based
ECM solutions in the Industrial Products space.
The
major indices of the Indian stock markets rallied on Tuesday and closed with
gains over Monday’s close. On the NSE, there were 691 advances, 1,059 declines
and 302 unchanged.
Software
major Infosys said on Tuesday that Australian Military Bank (AMB) in Sydney went
live digitally on the Finacle cloud platform of its subsidiary EdgeVerve
Systems. The bank has been processing about 40,000 mixed transactions per day,
with 22,000 card transactions and nearly 7,000 composite payments transactions
on average per day on the digital platform.
Budget
carrier SpiceJet will commence flight service on the Shirdi-Delhi-Shirdi sector
from October 1, said the airline on Monday. Besides, it will also launch a new
daily direct flight on the Mumbai-Kanpur route from October 8. The airline will
also operate first direct flight on the Mumbai-Jaisalmer route starting October
29 and a third direct flight on Mumbai-Kolkata sector from November 1.
Capcite
Infraprojects received contracts worth Rs674.75 crore. The company secured orders
worth Rs560.90 crore from Glider Buildcon Realtors, a Piramal Group company. It
also received an order worth Rs113.85 crore from Radius Group company.
The
major indices of the Indian stock markets were range-bound on Wednesday and
closed with losses. On the NSE, there were 844 advances, 903 declines and 312
unchanged.
Profit
booking ahead of the September Futures and Options (F&O) expiry subdued the
Indian equity markets on Wednesday. Accordingly, selling pressure was witnessed
in auto, IT (information technology) and FMCG (fast moving consumer goods)
counters.
HCL
Technologies signed a new 5-year infrastructure services contract with Anglo
American, a company headquartered in UK which runs mining operations across
Southern Africa, North and South America and Australia, with a workforce of
69,000 people worldwide.
Torrent
Power emerged as the winning bidder for capacity of 115 MW project in the
E-reverse auction process conducted by SECI for setting-up of 1,200 MW ISTS
connected wind power projects. The bid tariff for capacity addition is Rs2.76 /
kWh.
The
major indices of the Indian stock markets suffered a correction on Thursday and
closed with losses over Wednesday’s close. On the NSE, there were 473 advances,
1,282 declines and 303 unchanged.
The
S&P BSE Sensex closed 218 points down and the NSE's Nifty50 closed lower by
69 points as investors turned cautious ahead of the September futures and
options (F&O) contracts’ expiry. Almost all the sectors led by finance,
banking and capital goods stocks came under selling pressure on Thursday.
However, IT (information technology) stocks gained due to a weakening rupee.
Private
airline SpiceJet on Thursday announced a daily non-stop flight between Delhi
and Hong Kong starting from November 22. The airline would deploy Boeing 737
MAX on the route, SpiceJet said in a statement.
Tata
Power on Thursday said it has signed an MoU with state-run oil marketer
Hindustan Petroleum Corp (HPCL) for setting up electric vehicle (EV) charging
stations at HPCL's retail outlets and other locations across the country.
The
US Federal Reserve has raised its key interest rate by 0.25% for a third time
in 2018 bringing it to the 2-2.25% range. In a statement, following its two-day
meeting in Washington, the Federal Open Market Committee also dropped its
earlier "accommodative" stance on monetary policy. The majority of
Fed members also said they expect another hike in rates before the end of 2018.
The nine-member committee voted unanimously for the hike. In continuing with
its policy of gradual rate rises, the latest one marks the Fed's eighth rate
hike since 2015, indicating its favourable assessment of the US economy. The
Fed statement said that growth and employment gains in the domestic economy
have been strong and inflation has remained near the US central bank's target
of 2%. "The committee expects that further gradual increases in the target
range for the federal funds rate will be consistent with sustained expansion of
economic activity, strong labour market conditions and inflation near the
committee's symmetric 2% objective," the statement said. America's GDP in
the second quarter of 2018 grew at over 4%, while the unemployment rate
continued to stay below 4%. According to Fed projections released after the
meeting, the US economy was expected grow by 3.1% in 2018.
The
key Indian equity indices closed in the red for the third consecutive session
on Friday as the S&P BSE Sensex dropping nearly 100 points. According to
market observers, selling pressure was witnessed in metal and auto stocks.
Take
Solutions's subsidiary Navitas, Inc (USA) has sold off its supply chain unit
namely 'TAKE Supply Chain' in Austin, USA to ESW Capital, LLC, USA for a
consideration of US$ 3.25 million (approx. Rs23.58 crore).
Cochin
Shipyard signed a Memorandum of Understanding with Andaman & Nicobar
Administration for ‘Operation & Maintenance of the Marine Dry-Dock” at Port
Blair. CSL would be assisting in setting up of Ship repair Eco-system,
Augmentation & Modernization of Marine Dockyard and Skill Development &
Training schemes.
Leel
Electricals bagged orders worth Rs7.3 crore from HAL for Design, Development,
manufacturing and Supply of Oil Cooling System including Heat Exchanger. Leel
has been uniquely positioned and is the only Indian company to be technically
qualified on this offering.
Eimco
Elecon entered into a Technology & License Agreement with CZM USA Corp, USA
for design, manufacture and sale of Drilling Rigs, for a term of 10 years, in
various countries except America. It will be benefitting by expanding a new
line of products in long term under this agreement.
Gayatri
Projects has been declared as the lowest bidder for three road projects worth
Rs405 crore, awarded by the Bihar State Road Development Corporation and funded
by Asian Development Bank (ADB).The Total
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Weekly Indices (The Total
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India's external debt declines 2.8 per cent $514.4 billion at end-June: RBI -The Total Investment & Insurance SolutionsDebt (The Total Investment & Insurance Solutions)
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28
September 2018
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Debt
(The Total Investment & Insurance Solutions)
India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday.
At end-June 2018, the external debt was placed at USD 514.4 billion, recording a decrease of USD 14.9 billion over its level at end-March 2018.
As per the RBI, the decrease in the magnitude of external debt was primarily due to valuation gains resulting from the appreciation of the US dollar against the Indian rupee and major currencies.
The external debt to GDP ratio stood at 20.4 per cent at end-June 2018, a shade lower than its level of 20.5 per cent at end-March 2018.
"Valuation gains due to the appreciation of the US dollar vis-a-vis the Indian rupee and major currencies (viz, Japanese yen, euro, SDR, and pound sterling) were placed at USD 13 billion.
"Excluding the valuation effect, the decrease in external debt would have been USD 1.9 billion instead of USD 14.9 billion at end-June 2018 over end-March 2018," RBI said.
Commercial borrowings
continued to be the largest component of external debt with a share of 37.8 per
cent, followed by NRI deposits (24.2 per cent) and short-term trade credit
(18.8 per cent).
At end-June 2018, long-term debt (with original maturity of above one year) was placed at USD 415.7 billion, recording a decline of USD 11.4 billion over its level at end-March 2018.
US dollar denominated debt continued to be the largest component of India's external debt with a share of 50.1 per cent at end-June 2018, followed by the Indian rupee (35.4 per cent), SDR (5.4 per cent), Japanese yen (4.7 per cent) and euro (3.3 per cent), RBI added. The Total Investment & Insurance Solutions
At end-June 2018, long-term debt (with original maturity of above one year) was placed at USD 415.7 billion, recording a decline of USD 11.4 billion over its level at end-March 2018.
US dollar denominated debt continued to be the largest component of India's external debt with a share of 50.1 per cent at end-June 2018, followed by the Indian rupee (35.4 per cent), SDR (5.4 per cent), Japanese yen (4.7 per cent) and euro (3.3 per cent), RBI added. The Total Investment & Insurance Solutions
WTO cuts global trade outlook to 3.7% in 2019 as trade tensions escalate -The Total Investment & Insurance Solutions
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28
September 2018
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WTO (The
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Escalating trade tensions
and tighter credit market conditions in important markets would moderate the
growth of global merchandise trade to 3.7% in 2019 from 3.9% in 2018, the World
Trade Organization (WTO) had said.
“Trade volume growth should slow to 3.7% in 2019 as global GDP growth dips to 2.9%,” the multilateral trade body said.
The new forecast for 2018 is below the WTO's April 12 estimate of 4.4% but falls within the 3.1-5.5% growth range indicated at that time. Trade growth in 2018 is now most likely to fall within a range from 3.4-4.4%, it said.
As per the WTO, North America had the fastest export growth and Asia had the strongest import growth in the first half of 2018 while resource-based economies still struggled.
While rising trade tensions pose the biggest risk to the forecast, monetary policy tightening and associated financial volatility could also destabilize trade and output.
As per the organisation, monetary policy tightening in developed economies has also contributed to volatility in exchange rates and may continue to do so in the coming months.
“Trade volume growth should slow to 3.7% in 2019 as global GDP growth dips to 2.9%,” the multilateral trade body said.
The new forecast for 2018 is below the WTO's April 12 estimate of 4.4% but falls within the 3.1-5.5% growth range indicated at that time. Trade growth in 2018 is now most likely to fall within a range from 3.4-4.4%, it said.
As per the WTO, North America had the fastest export growth and Asia had the strongest import growth in the first half of 2018 while resource-based economies still struggled.
While rising trade tensions pose the biggest risk to the forecast, monetary policy tightening and associated financial volatility could also destabilize trade and output.
As per the organisation, monetary policy tightening in developed economies has also contributed to volatility in exchange rates and may continue to do so in the coming months.
“Developing and emerging
economies could experience capital outflows and financial contagion as
developed countries raise interest rates, with negative consequences for
trade,” it said.
It noted that trade-related indicators have shown a loss of momentum, including global export orders and economic policy uncertainty. The Total Investment & Insurance Solutions
It noted that trade-related indicators have shown a loss of momentum, including global export orders and economic policy uncertainty. The Total Investment & Insurance Solutions
RBI allows Urban Co-operative Banks to Become Small Finance Banks-The Total Investment & Insurance Solutions
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28
September 2018
 |
RBI (The
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The Reserve
Bank of India (RBI) on Friday allowed voluntary transition of primary (urban)
co-operative banks (UCBs) into small finance banks (SFBs).
"In
keeping with the fast paced changes in the banking space and in order to
facilitate growth, a scheme for voluntary transition of UCBs into SFB will be a
step forward to provide full suite of products and services, sustain
competition, raise capital, etc. Accordingly, this scheme has been introduced
for voluntary transition of a UCB into SFB by way of transfer of assets and
liabilities," the central bank said in a notification.
As per
RBI, UCBs with a minimum net worth of Rs50 crore (Rs500 million) and
maintaining capital to risk (weighted) assets ratio of 9% and above are
eligible to apply for voluntary transition to SFB under this scheme.
The
promoters are required to be Indian residents, with 10 years of experience in
banking and finance. Promoter or promoter groups should conform to the
definition of the SEBI (Issue of Capital & Disclosure Requirements) Regulations,
2009 and RBI guidelines on ‘fit and proper’.
RBI
says it would assess the ‘fit and proper’ status of the applicants on the basis
of their past record of sound credentials and integrity; financial soundness
and successful track record of professional experience or of running their
businesses.
The
small finance banks are required to have minimum net worth of Rs100 crore (Rs1
billion) while starting the business. These banks are also required to maintain
a minimum capital adequacy ratio of 15% of its risk weighted assets (RWA) on a
continuous basis, and ensure availability of adequate capital. Promoters of the
SFB are needed to maintain at least 26% of the paid-up equity capital in the
Bank.The Total Investment &
Insurance Solutions
Stocks Turn Lower On Concern About Italy's Spending Plans-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
28 September 2018
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| financial markets (The Total Investment & Insurance Solutions) |
Global stocks turned lower on Friday amid concern that Italy's populist
government plans to spend heavily on policies that could add to the country's
already heavy debt load.
KEEPING SCORE: In Europe, Italy's FTSE MIB plunged 4.1 percent to 891
points, while France's CAC 40 lost 1 percent to 5,487. Germany's DAX dropped
1.5 percent to 12,243 and the FTSE 100 in Britain shed 0.8 percent to 7,488.
Wall Street was set for a weaker open, with Dow and S&P 500 futures both
down 0.3 percent.
ITALIAN SPENDING: Italy's new government announced a sharp increase in
spending that will push the budget deficit to 2.4 percent of gross domestic
product next year, a significant jump from the 2018 target of 1.6 percent set
by the former government. While still within the 3-percent ceiling set by the
EU, it is likely to set up a clash with EU executives who want Italy to bring
down its debt level, the second highest in the EU after Greece. A clash could
further erode popular confidence in the EU and euro at a time of heightened
uncertainty, from Brexit to diplomatic clashes with governments in Eastern
Europe.
ANALYST'S TAKE: Economists note that Italy's public borrowing costs are
still low by historical standards, so there is no imminent financial crisis.
But if the government takes a hard line with the EU and continues to overspend,
investor confidence could erode. A drop in the value of Italy's debts could
shake the banks, which are among the biggest holders of Italian bonds, testing
the country's financial stability. "There are concerns over how the EU
will respond to the Italian budget that showed less fiscal rectitude than
expected," says Chang Wei Liang, analyst at Mizuho Bank.
ASIA'S DAY: Markets rebounded on Friday as strong U.S. economic data
supported the Federal Reserve's decision to raise interest rates. Hong Kong's
Hang Seng index added 0.3 percent to 27,788.52. The Shanghai Composite Index
rallied 1.1 percent to 2,821.35. Australia's S&P ASX 200 was 0.4 percent
higher at 6,207.60. South Korea's Kospi bucked the regional trend, losing 0.5
percent to 2,343.07. Shares fell in Taiwan and the Philippines but rose in
Singapore and Indonesia.
JAPAN-US-TRADE: Japan's Nikkei 225 jumped 1.4 percent to 24,120.04 after
the country agreed to open negotiations on a bilateral trade agreement with the
United States. The move won Japan relief from the immediate threat of punitive
tariffs on its auto exports to the U.S. The yen rose sharply against the dollar
overnight.
U.S. ECONOMY GROWS: The U.S. economy grew at a robust annual rate of 4.2
percent in the second quarter, its best performance in nearly four years, the
government reported Thursday. "We're doing much better than anybody
thought possible," President Donald Trump said at a news conference. But
economists believe growth has slowed in the current quarter partly because of a
drag from trade.
ENERGY: Benchmark U.S. crude rose 7 cents to $72.19 per barrel in
electronic trading on the New York Mercantile Exchange. The contract gained 0.8
percent on Thursday to close at $72.12. Brent crude, used to price
international oils, added 52 cents to $82.24. It settled at $81.38 per barrel
in London.
CURRENCIES: The dollar edged down to 113.36 yen from 113.42 yen. The
euro weakened to $1.1579 from $1.1658.The
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Thursday 27 September 2018
Nifty, Sensex Still under Selling Pressure – Thursday closing report-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27 September 2018
I had
mentioned in Wednesday’s closing report that Nifty, Sensex might rise if
today’s low holds. The major indices of the Indian stock markets suffered a
correction on Thursday and closed with losses over Wednesday’s close. On the
NSE, there were 473 advances, 1,282 declines and 303 unchanged. The trends of
the major indices in the course of Thursday’s trading are given in the table
below:
The
S&P BSE Sensex closed 218 points down and the NSE's Nifty50 closed lower by
69 points as investors turned cautious ahead of the September futures and
options (F&O) contracts’ expiry. Almost all the sectors led by finance,
banking and capital goods stocks came under selling pressure on Thursday.
However, IT (information technology) stocks gained due to a weakening rupee.
Private
airline SpiceJet on Thursday announced a daily non-stop flight between Delhi
and Hong Kong starting from November 22. The airline would deploy Boeing 737
MAX on the route, SpiceJet said in a statement. Spicejet shares closed at
Rs68.05, down 1.95% on the BSE.
Tata
Power on Thursday said it has signed an MoU with state-run oil marketer
Hindustan Petroleum Corp (HPCL) for setting up electric vehicle (EV) charging
stations at HPCL's retail outlets and other locations across the country. Tata
Power Co shares closed at Rs68.90, down 1.99% on the BSE.
The
US Federal Reserve has raised its key interest rate by 0.25% for a third time
in 2018 bringing it to the 2-2.25% range. In a statement on Wednesday,
following its two-day meeting in Washington, the Federal Open Market Committee
also dropped its earlier "accommodative" stance on monetary policy.
The majority of Fed members also said they expect another hike in rates before
the end of 2018. The nine-member committee voted unanimously for the hike. In
continuing with its policy of gradual rate rises, the latest one marks the
Fed's eighth rate hike since 2015, indicating its favourable assessment of the
US economy. The Fed statement said that growth and employment gains in the
domestic economy have been strong and inflation has remained near the US
central bank's target of 2%. "The committee expects that further gradual
increases in the target range for the federal funds rate will be consistent
with sustained expansion of economic activity, strong labour market conditions
and inflation near the committee's symmetric 2% objective," the statement
said. America's GDP in the second quarter of 2018 grew at over 4%, while the
unemployment rate continued to stay below 4%. According to Fed projections
released after the meeting, the US economy was expected grow by 3.1% in 2018.
Lender
Punjab National Bank's Board will consider a proposal for capital infusion of
Rs5,431 crore from the central government by way of preferential issue of
equity share. According to a BSE filing made on Wednesday, PNB's Board of
Directors will meet on September 27 "for considering infusion of Rs5,431
crore by Government of India by way of preferential issue of equity
share". Punjab National Bank shares closed at Rs62.85, down 6.40% on the
BSE.
Budget
carrier IndiGo will operate its daily non-stop flights between Kuala
Lumpur-Bengaluru and Kuala Lumpur-Delhi from November 15. InterGlobe shares
closed at Rs842.00, down 1.27% on the BSE.
Cochin
Shipyard signs MoU with Andaman & Nicobar Administration for ‘Operation
& Maintenance of the Marine Dry-Dock” at Port Blair. CSL will be assisting
in the setting up of Ship repair Eco-system, Augmentation & Modernization
of Marine Dockyard and Skill Development & Training schemes. Cochin
Shipyard shares closed at Rs399.45, down 0.15% on the NSE.
Amara
Raja Batteries has entered into an agreement with Johnson Controls Technology
Company, USA for acquiring the license for manufacturing advanced stamped grid
plate making technology. Also, it entered into a technology collaboration to
manufacture advanced lead acid batteries. Amara Raja Batteries shares closed at
Rs771.45, down 1.91% on the NSE.
The
top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions
 |
Major Indices (The Total
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Boost to food processing sector! Government to relax FDI regulations-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27 September 2018
 |
| FDI
(The Total Investment & Insurance Solutions) |
The government will relax foreign direct
investment (FDI) regulations to give a boost to the food processing sector,
which has attracted USD 8.7 billion of investment, a senior government official
said here. “We have already received USD 8.7 billion of FDI in food processing
industry and we are in the process of removing bottlenecks as we see huge FDI
investment potential in the sector. The government will relax FDI regulations
to give a boost to the sector,” ministry of commerce and industry DIPP joint
secretary Rajiv Aggarwal told PTI on the sidelines of World of Food India
conference organized by FICCI.
MNCs and investors were facing some hurdles, which has now been removed
in terms of modifications, harmonisation. They hope to provide ease of doing
business in the sector, he added. At present, 100 per cent FDI in food
processing sector is allowed in setting up of manufacturing unit. There is no
permission required for wholesale business in the sector too, he said.
The government is expected to announce a new industrial policy soon. The
proposed policy will encompass the use of new technologies such as artificial
intelligence and IoT which will open new avenues for investments in India. “We
need technology and investment in supply chain mechanism to boost the
industry,” Aggarwal said, adding that the industry faces huge wastages from
farm to table.
“We only process 7 per cent of perishable goods as compared to 65 per
cent in US, 23 per cent in China and 78 per cent in Phillipines,” he said. The
three-day conference, is being attended by buyers and sellers from 30 countries
with 297 exhibitors showcasing the latest technologies and trends in the food
and beverage industry and 7,000 scheduled B2B meetings are to be held.The Total Investment & Insurance
Solutions
RBI to ease SLR norms from October to induce liquidity-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27 September 2018
 |
Statutory Liquidity Ratio (The Total Investment & Insurance
Solutions)
The
Reserve Bank of India will ease the Statutory Liquidity Ratio (SLR) norms from
October to induce liquidity into the financial system, amid concerns of a
credit crunch.
SLR
is a reserve requirement that commercial banks must maintain.
According
to the RBI, "the increase in 'Facility to Avail Liquidity for Liquidity
Coverage Ratio' (FALLCR), announced today (Thursday) for effect from October 1,
2018, from the existing 11 per cent to 13 per cent will take the carve out from
SLR available to banks to 15 per cent of their NDTLA(Net Demand and Time
Liabilities)".
The
development comes days after the apex bank had assured that it will take steps
to ensure adequate liquidity is available in the financial system.
"This
should supplement the ability of individual banks to avail of liquidity, if
required, from the repo markets against high-quality collateral," the RBI
said in a statement on Thursday.
"This,
in turn, will help improve the distribution of liquidity in the financial
system as a whole."
In
addition, the apex bank said that it will use various available instruments to
meet the durable liquidity requirements of the financial system.The Total Investment & Insurance Solutions
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