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Realty companies, NBFCs get leeway on commercial project loans
Mumbai: The Reserve Bank of India (RBI) on Friday threw a lifeline to non-bank lenders and real estate firms by allowing the former to restructure commercial realty project loans for a year. These finance companies will now be able to restructure such loans without those being classified as restructured assets, and give fresh funding to developers.
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Sebi slaps Rs 5 lakh fine on two individuals for delay in making open offer

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F O: Below 8,800, Nifty may fall towards 8,555 level
NSE Nifty opened on a negative note, but started moving higher from initial trades. The index rose more than 200 points from the opening levels and concluded around the 9,000 level. It formed a small green body candle on the daily chart.

The market breadth remained in favour of the advancing counters for a fourth consecutive session, which is a

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Wall Street gains on Boeing surge and coronavirus drug hopes
U.S. stocks rose on the day Friday and also posted gains for the week, boosted by a surge in Boeing shares, President Donald Trump's plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.

The Nasdaq added 6.1% for the week and registered its biggest two-week percentage gain since 2001.

Boeing

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RBI concludes final tranche of Rs 1 lakh crore TLTRO, infuses Rs 25,000 crore
Mumbai: The Reserve Bank on Friday conducted the fourth and the final tranche of the Rs 1 lakh crore targeted long term repo operation (TLTRO) by infusing Rs 25,000 crore into the system.

While the TLTRO was announced on March 27, the LTRO was introduced at the February 6 monetary policy review when it announced Rs 1-lakh crore infusion through

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Mumbai: Smallcap companies such as Maximus International, Relicab Cable and Valencia Nutrition saw bulk deals in Thursday’s trade.

For the day, Sensex rose 0.73 per cent or 222.80 points to close at 30,602.61, while Nifty climbed 0.76 per cent or 67.50 points to close at 8,992.80.

Here’s who bought what in some of the key bulk deals of the day:

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Small currency exchange companies stuck to excess fx for the previous one month adhering to travel restrictions want RBI to guide State Bank of India (SBI) as well as other PSU banks to buy money from them as they expect a 6-8 month time-out in worldwide traveling following the Covid-19 pandemic. The larger, arranged AD2 RBI permit holders stated they
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Mumbai: Smallcap business controlled the bulk deals once more in Friday's trade. For the day, the 30-share Sensex shut 3.22 percent or 968.11 factors greater at 31,588.72, while the 50-share Nifty progressed 3.05 percent or 273.95 factors to close at 9,266.75. Virtually Rs 3 lakh crore were contributed to the marketplace capitalization of BSE-listed firms. Below's
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S P 500, Dow slip on grim earnings, coronavirus worries
The S-P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the coronavirus pandemic offset better-than-expected weekly jobless claims numbers.

A 4.7% fall for Boeing Co drove the blue-chip Dow Jones Industrials down more than 1%, as European rival Airbus

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RBI to conduct first auction under TLTRO 2.0 for Rs 25,000 crore on April 23
Mumbai: The Reserve Bank on Friday said it will conduct the first auction under the Targeted Long-Term Repo Operations 2.0 (TLTRO) for an amount of Rs 25,000 crore on April 23.

It is aimed at providing liquidity to small and mid-sized corporates, including non-banking financial companies (NBFCs) and micro finance institutions (MFIs) impacted by

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Dow Jones rallies on Boeing bump, Trump's restart plan
Wall Street bounced on Friday as Boeing said it would resume production of commercial jets next week, with investors also cheering President Donald Trump's plan to reopen the economy and on hopes of a potential drug to treat COVID-19.

The US planemaker's shares soared 11.7 per cent on plans to resume commercial aircraft production in Washington

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TCS misses projections: Key Q4 takeaways
MUMBAI: India’s top software exporter Tata Consultancy Services (TCS) on Thursday missed analysts’ forecasts and reported a 0.94 per cent year-on-year decline in profit, and warned that the coronavirus pandemic had completely reversed the positive momentum it saw in the first half of the quarter.

TCS reported Rs 8,049 crore profit for the fourth

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SC dismisses UBS& plea in Future Retail pledge share sale matter
MUMBAI: In a major relief for the promoters of the Future Group, the Supreme Court on Friday dismissed a Special Leave Petition (SPL) filed by the UBS AG London Branch challenging the Bombay High Court ruling, that restrained IDBI Trusteeship and others from selling pledged shares of shares in Future Retail.

On Friday, the division bench of the

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S P revises outlook for Shriram Transport Finance, four other NBFCs to negative
Mumbai: International rating agency S-P Global Ratings on Friday lowered the rating on Shriram Transport Finance Company (STFC) to BB from BB+ and revised its and four other NBFCs' outlook to negative.

The rating agency has revised the outlook on Bajaj Finance (BFL), Manappuram Finance, Muthoot Finance and Power Finance Corpration (PFC) to

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TCS declares Rs 6 dividend; promoters to get Rs 1,622 crore
NEW DELHI: Tata Consultancy Services (TCS), India's largest IT company, has announced 600 per cent dividend even as the management accepted that “a difficult and uncertain period” lies ahead.

“The directors have recommended a final dividend of Rs 6 per equity share of Re 1 each of the company, which shall be paid/dispatched on the fourth day from t

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RBI norms may put a Rs 35,000 crore hole in banks& profits
Mumbai: The Reserve Bank of India’s mandate to set aside 10 per cent provisioning on standstill accounts could hit bank books by as much as Rs 35,000 crore estimates Brickwork Ratings.

The rating agency has said that these new norms could severely pinch banking sector profitability for fiscals 2020 and 2021 and flagged that banks ability to manage

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Sebi extends reduced cut-off time for MFs subscription, redemption
New Delhi: Markets regulator Sebi has decided to extend the reduced cut-off time for subscription and redemption of mutual funds, including liquid and overnight schemes, till April 30 amid the ongoing nationwide lockdown to deal with coronavirus pandemic.

Earlier, the revised timings were applicable from April 7-17. The move comes after the

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Sebi eases compliance rules for processing of demat request, KYC application
NEW DELHI: Markets regulator Sebi on Thursday relaxed compliance norms for depository participants, stock brokers and share transfer agents with regard to processing of demat request and KYC application amid the coronavirus pandemic.

The relaxation has been given till May 3, the Securities and Exchange Board of India (Sebi) said in a circular.

The

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Goldman predicts 36% drop in iPhone shipment, says time to sell Apple shares
Goldman Sachs said on Friday it expects iPhone shipment to drop 36 per cent during the current quarter due to coronavirus-related lockdowns around the world and downgraded Apple Inc stock to "sell".

Apple shares fell 1.6 per cent to $282.13 on Friday morning, bucking a 1.5 per cent rise for the benchmark S-P 500.

The Goldman analysts also

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RBI prescription on 10% additional provisions expected to raise banks& credit costs
Kolkata: Reserve Bank of India's prescription on 10% additional provisions against accounts which are standstill on asset classification is expected to raise banks’ credit costs significantly, with several top corporates showing willingness to get the benefit of moratorium on their loans.

Rating company ICRA suggested that the addition provision

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India's current account deficit could end in a surplus in FY21: Report
Even as the jury is not out on the exact impact of the coronavirus on the economy this year, there could be a positive news on the external sector. India's current account deficit could turn positive this fiscal with crude prices set to fall below $20 a barrel. This could help rupee get some cushion from volatile portfolio flows during the year,
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Business confidence plummets to lowest level since 1998
A quarterly business confidence index put out by economic think tank National Council for Applied Economic Research -- N-BCI -- dropped by over 30% in the last quarter of the previous fiscal year, it said on Friday.

The N-BCI fell to 77.3 from 111.2 in the third quarter, and the lowest since 1998 when business sentiment was low due to the Asian

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Sebi eases rules for cos on intimation to exchanges about board meetings
New Delhi: Markets regulator Sebi on Friday eased compliance rules for listed companies with regard to prior intimation to stock exchanges about board meetings amid the extended nationwide lockdown to tackle coronavirus pandemic

The regulator has also relaxed rules pertaining to intimation to stock exchanges for loss of share certificates as well

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Tata Consultancy Providers, India's most significant IT company, on Thursday reported 0.94 percent year-on-year (YoY) fall in revenue (attributable to investors) at Rs 8,049 crore for the 4th quarter ended March 31. Experts in an ET NOW survey had actually predicted the figure at Rs 8,216 crore. The board of the business likewise advised a last dividend of Rs
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By Anirban NagIndia's reserve bank guv laid the ground for even more interest rate cuts as he took a number of actions to boost liquidity as well as assistance lending institutions amid an across the country lockdown that's brought the economic climate to an online standstill. Guv Shaktikanta Das kept the benchmark repurchase price unmodified at 4.4 percent on Friday, yet signaled that
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TCS sees coronavirus hit in Q1, expects recovery in Q3
MUMBAI: India’s top IT services provider, Tata Consultancy Services, said disruption in its business will peak in the quarter to June following the Covid-19 virus outbreak that has roiled companies worldwide, with several key IT clients, especially in the travel and hospitality sectors, severely impacted over the last two months.

The $22-billion

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Oberoi Realty repays NCDs worth Rs 125 crore

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KKR looking to sell stake in Indian waste collection firm
By Baiju Kalesh and Anto Antony

KKR - Co. is considering a sale of its controlling stake in Ramky Enviro Engineers Ltd. a year after it completed the purchase of the Indian environmental services provider, according to people familiar with the matter.

The buyout firm has held initial talks with prospective suitors including a Chinese company,

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If you are an investor with patience, will make good money in equity funds
By Prasanna PathakAs the global economy witnesses some of the sharpest downfalls in history amid the coronavirus pandemic, it is hard to believe that this may be a good time to invest in the stock market.

March was unprecedented. Sensex and Nifty were down 23 per cent in the backdrop of the spread of Covid-19 cases across almost 198 countries,

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The domestic equity market on Thursday traded on expected lines as weekly options expiry dominated the trade. The 9,000 level, which had the maximum Call open interest, prevented Nifty from going beyond this point. After witnessing a negative start, the market recovered from the morning lows, but did not see any runaway rally. While continuing to
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