Oil prices had weakened even before coronavirus scare: Peter Cardillo, Spartan Capital
After Iran-US flare-up subsided, we saw oil prices fall and get technically weak. Oil prices are unlikely to breach 52-week lows. We will probably approach them but I doubt that we go much below that unless this virus situation becomes a reality for the global economy, says Peter Cardillo, Chief Market Economist, Spartan Capital Securities.
Sharad Pawar's security at his Delhi residence 'withdrawn' by Centre, NCP alleges
The NCP on Friday accused the central government of withdra...
Coffee Day to sell Way2Wealth Securities to Shriram Group
The transaction may fetch Coffee Day about Rs 30 crore, people briefed on the matter said.
Shaheen Bagh protests a threat to security: Vijay Goel
Goel also praised Delhi Police for containing the “threat to security” due to the protest at Shaheen Bagh. “What is happening in Shaheen Bagh is a very big threat to security. Who are they to tell whether an ambulance or a bus will pass through the road or not,” Goel said at a press conference.
No green shoots, FMCG demand failed to thaw in winter: Nitin Gupta, SBICAP Securities
Marico, HUL and other companies which have offered price sops are placed well in the market. Whatever steps the government has taken, have not manifested in growth as of now. While some of the pass throughs happened through tax rate cut where the government’s intention was to incentivise the companies to invest more.
Coffee Day hits 5% upper circuit limit as co sells Way2Wealth Securities
The transaction may fetch Coffee Day Enterprises about Rs 30 crore, people briefed on the matter said.
Gauhati High Court orders status quo with regard to Tarun Gogoi's security cover
Gogoi’s security cover recently was brought down from Z plus with CRPF cover category to Z. Gogoi had alleged that his security cover was downgraded as he is a vocal critic of the BJP-led government. Gogoi had moved the High Court. The court has ordered a status quo.
HSBC Securities maintains ‘Buy’ on L&T Finance Holdings, target price Rs 150
The brokerage said in the third quarter, L&T Finance delivered stable results despite an uncertain environment.
IIFL Securities maintains ‘Sell’ on Shree Cements, target price Rs 13,800
Cement prices are expected to decline in FY21in the key northern region.
Worse Off Half: Spouses of H-1B workers tensely await their fate to work in US
Trump wants to strike down a rule brought in by Obama that allowed H4 visa holders to work.
WEF unveils new internet security principles to help protect up to 1 bn users
While certain cyberattacks focus on specific organisations, the majority target the largest number of internet users possible. Such attacks are often relatively easy for cybercriminals to undertake and can cause serious harm.
Betting on Suven Life, FIEM Industries; Voltamp & Amber among midcaps: Sanjeev Zarbade, Kotak Securities
The small and midcap stocks have been fairly resilient and there is a lot of investor interest that has started showing and some of our large investors have been continuously buying in the small and midcap stocks. Going ahead, we believe we will see the underperformance that the small and midcap index showed in 2019 correcting in 2020.
Zensar trims retail portfolio, to focus better on core
The IT company decides to focus on three core areas-- high-tech manufacturing, infrastructure and financial services. Zensar reported a 32.6% drop in net profit for the December quarter, citing softness in the retail segment — with a revenue impact of about $5 million — as a key reason for the profit decline.
India plans to mandate cyber security measures for power grids
Grid operators and regulatory agencies will need to have a continuity plan handy in the event of a cyber attack, according to draft rules published by the Central Electricity Regulatory Commission. The move is part of a overhaul of the decade-old guidelines.
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