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Brave New World: Will China lose its manufacturing superpower status soon?

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Covid-19 impacts Avenue Supermarts; 50% of stores closed for operations
New Delhi: Market veteran Radhakishan Damani-led Avenue Supermarts took a hit with the outbreak of the coronavirus pandemic.

In its recent business update on Friday, the company said nearly 50 per cent of its stores remain closed for operations based on directive by the local authorities.

Footfalls are also significantly lower, Avenue Supermarts

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Coronavirus' impact on India's auto sector

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Wall Street looks to jumpstart junk-debt deals of riskier companies
Bankers who arrange debt sales for companies with less than stellar credit ratings are preparing to ramp up new offerings after the Federal Reserve threw an unprecedented lifeline to the market for risky borrowers.

The Fed’s plan to directly buy debt issued by companies recently downgraded to junk -- alongside some bond ETFs and top-rated tranches

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With $2.3 trillion injection, Fedplan far exceeds its 2008 rescue
By Jeanna Smialek and Peter EavisThe Federal Reserve said it could pump $2.3 trillion into the economy through new and expanded programs it announced on Thursday, ramping up its efforts to help companies and state and local governments suffering financial damage from the coronavirus.

The central bank rolled out its relief package just as the

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By Sam Potter and Anchalee WorrachateWhenever it gets wild on Wall Street, there’s a desire to explain the madness. Blame it on the algos, or a White House tweet, or maybe both. Surely the hedge funds had something to do with it.

Weeks like this offer an alternative lesson: In this fiendishly complex system it’s never one thing, and it can’t alw

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Nifty likely to trade in the 8,520-9,480 range next week
The Nifty could gyrate within a 1000-point range in the coming week, options for April 16 expiry showed at closing Thursday.

The closing price of the 9000 straddle — call and put at 9000– was Rs 480 a share (75 shares make one contract) that day. This means the straddle seller doesn’t expect the Nifty to expire below 8520 and above 9480 for the wee

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Zydus Cadila gets USFDA nod to market generic type 2 diabetes drug

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HSBC slashes target price on airline companies
Mumbai: HSBC has slashed target price on SpiceJet and InterGlobe Aviation, parent of IndiGo, as it believes the aviation industry is headed for a big loss in the ongoing financial year.

The brokerage has downgraded Spice-Jet to ‘hold’ and cut its target price by 50.5 per cent to Rs 44.5, against Rs 90 earlier, as it expects tight liquidity to wei

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Capital goods makers face a stiff task of emerging out of the downturn triggered by the disruption caused by coronavirus. But, the recent tumble in their share prices have made valuations of some of these companies cheap, said analysts. L-T, Siemens, KEC International, GE Power, Kalpataru Power, Cummins and AIA Engineering are among the top
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Muted 2G to 4G conversions due to Covid could limit data revenue growth for telcos in FY21: Analysts
Kolkata/New Delhi: With 2G to 4G conversions practically at a standstill owing to Covid 19 restrictions, overall growth in data usage and revenue for the likes of Bharti Airtel, Reliance Jio and Vodafone Idea may fall short of expectations in FY21, despite the current phase of higher mobile internet consumption, say analysts.

They added that

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Analyst Calls: Cummins India, Navin Fluorine, City Union Bank

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Realty woes continue, home prices moderate
Mumbai: The residential real estate sector continued to suffer from low demand and large inventory overhang last year, a Reserve Bank of India study has said.

With new launches of residential projects declining, reflecting the large inventory overhang, all India house price levels had moderated as of end-December, it said.

While Mumbai and the

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Small stocks hit hard in massive March sell-off, plummet up to 30%
New Delhi: The small- and mid-cap indices of the BSE plunged up to 30 per cent last month, underperforming the benchmark, as markets had a harrowing time due to the Covid-19 crisis.

March turned out be a nightmare for the domestic stock markets as worries related to the impact of Covid-19 badly hit investor sentiment. The coronavirus pandemic led

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By Christopher Condon, Rich Miller and Craig Torres

As fresh evidence of the economic toll from the coronavirus pandemic flood in, the Federal Reserve unleashed another round of emergency measures, including a pledge to provide support to risky corners of financial markets that have been some of the hardest hit.

The Fed said Thursday it will invest

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Covid-19 fallout: Rate transmission a far cry despite liquidity overhang
Mumbai: Surplus cash in the banking system has surged to as much as Rs 4.74 lakh crore, surpassing liquidity levels seen four years ago during the demonetisation period.

But, the liquidity glut is not bringing interest rates down, as risk-averse banks stay off from fresh loans amid an alarming Covid-19 scene.

“The entire liquidity could ignite c

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How bad is the impact of coronavirus on India's airlines?

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MUMBAI: Companies such as Mangalam Cement, Multi Commodity Exchange and Reliance Capital saw bulk deals in Thursday’s trade.

For the day, Sensex closed 4.23 per cent or 1,265.66 points higher at 31,159.62, while the Nifty closed 4 per cent or 354 points higher at 9,102.75.

During the holiday-shortened week, the indices rallied 10.24 per cent and

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Mumbai: India's airline company companies are estimated to be holding about 6,000 crore from payment for bookings made prior to all travel was suspended to curb the spread of Covid-19, according to aviation specialists and senior market executives. These funds, together with some short-term loans, are assisting airlines survive, they stated. IndiGo is the
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BSE cautions market intermediaries against cyber attacks amid COVID-19 outbreak
New Delhi: Leading stock exchange BSE has cautioned market intermediaries against malicious cyber attacks amid increased usage of mobile phones and tabs in the wake of lockdown to contain the COVID-19 pandemic.

Many organisations have switched to work-from-home, due to outbreak of the pandemic, with employees using mobile phones, tabs and personal

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Stock, forex, bond, commodity markets closed for Good Friday
NEW DELHI: Equity, currency, commodity and bond markets is closed today for trading on Friday, April 10, on account of Good Friday. The bourses will reopen for trading on April 13, Monday.

Benchmark indices Nifty and Sensex snapped a seven-week losing streak, jumping about 13 per cent in three sessions to Thursday. The indices recorded their best

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TCS to announce FY20 results on April 16
New Delhi: India's largest software services firm Tata Consultancy Services (TCS) on Friday said it will announce its fourth-quarter and FY20 results on April 16.

"a meeting of the Board of Directors of TCS Ltd is scheduled to be held on Thursday, April 16, 2020, inter alia to approvethe audited financial results of the company under Indian

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Market bottom? Easing VIX, multi-year-low advance-decline ratio show we may have found one
NEW DELHI: An advance-decline which has largely been skewed towards the latter over the past few days and an easing of India VIX from recent highs suggest the market has become oversold position and that it may have found a bottom.

NSE benchmark Nifty50 has had its second-worst quarter ever during the January-March period, recording a 23 per cent

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BSE's clearing corp to waive warehouse storage, assaying charges for commodities

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Indian govt had $5.26 bn in outstanding loans from RBI in week to April 3

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NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection: Crisil
Mumbai: Non-banking finance companies are likely to face liquidity challenges due to lack of clarity on the applicability of the Reserve Bank's moratorium on their bank loans and poor collection due to the nationwide lockdown, says a report.

According to a report by rating agency Crisil, Non-banking finance companies (NBFCs) face a double whammy

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Wall Street firm dangled up to 175% returns to investors using US aid programs
BOSTON: A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using US government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters.

Following questions posed by Reuters, Arcadia Investment Partners L

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Foreign exchange reserves decline by $902 mn to $474.66 bn
Mumbai: The country's foreign exchange reserves declined by USD 902 million to USD 474.66 billion in the week to April 3 due to a fall in foreign currency assets, according to the latest data from the Reserve Bank of India.

In the previous week, the reserves had surged by USD 5.65 billion to USD 475.56 billion.

The reserves had touched a life-time

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Millennials break the rule, emerge smartest breed of stock investors
Never has it been the case when the stock market has fallen 40% and brokerages have seen rapid customer acquisition in the country. In a comparable scenario, after the January 2008 market crash, the acquisition rate had dropped and stagnated for a good 10-12 months. It was only after 2009 elections that retail investors started opening accounts.

Th

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Dow Jones rises on Fed's $2.3 trillion backstop
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while oil prices gained on expectations of a drastic cut in output.

In what is likely to be its largest rescue effort ever, the Fed said it would work with banks to offer

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