Daily Market Analysis – 22nd Jan 2021
On day one of office, Joe Biden signs 15 executive orders mainly reversing Donald Trump’s Key policies. Such as joining the Paris agreement on climate change, halting America’s withdrawal from the World Health Organisation. His first order was launching a 100-day mask challenge for Americans’ to control COVID-19 in the USA.The most important bill for Indians was the Immigration bill and...
Daily Market Analysis – 21st Jan 2021
Vodafone Idea Group – Vodafone Group is evaluating to sell its stake in Indus tower to infuse capital in Vodafone Idea to meet capital requirement. This action takes place when the global leader of Vodafone ask its promoter to infuse capital in the Group. It is a discussion going on and if they want to implement this process, UK- Vodafone need to bring its shareholder on Board. Bajaj...
Daily Market Analysis – 20th Jan 2021
India planning tighter FDI rules for E-commerce segment The Department for Promotion of Industry and Internal Trade may issue a clarification through a Press Note, prohibiting e-commerce platforms from holding a stake in a seller, directly or indirectly. BharatPe, Centrum team up for PMC Bank bid Fintech platform BharatPe has put in a joint bid with financial services firm Centrum to...
Daily Market Analysis – 19th Jan 2021
India is considering hiking import duties by 5% – 10% on more than 50 items in the upcoming budget. The move to increase the duties is part of the self-reliant India campaign by PM Narendra Modi. This move would add revenue of about $2.7Billion for the government. Companies like IKEA and TESLA could be affected. Motherson Sumi is set to acquire a 75% equity stake in two...
Daily Market Analysis – 18th Jan 2021
Bharti Airtel is planning to raise a billion dollars with an offer of perpetual bonds (Securities with no maturity). This would be Bharti’s second perpetual bond float. Reliance Industries and Bharti Airtel are among the few companies that have tapped the international money market with such bonds. The company may use the fund for business expansion and refinance more expensive debt raised a...
Daily Market Analysis – 15th Jan 2021
The chief investment officer of SBI Funds Management Navneet Munot has resigned from the organization and is set to join HDFC Mutual fund as MD & CEO. HDFC Mutual Fund has announced that its board of directors had given their final nod to the appointment of Navneet Munot as its next managing director and chief executive officer. He will be succeeding the present managing director Milind...
Daily Market Analysis – 14th Jan 2021
President Trump becomes the first president to be impeached twice. Trump was charged with “incitement of insurrection”, in a swift and stunning collapse in his final days at the White House. At least five people died in the violence that ensued as pro-Trump protestors breached barricades and advanced into the halls of the Capitol building, smashing windows and brawling with police officers....
Daily Market Analysis – 13th Jan 2021
A significant shortage of steel supplies and a higher price of the key raw material has led to a sharp revision in the production schedules for the fourth quarter at leading carmakers. The production schedules for the ongoing fiscal Q4 are being revised downward by 15-20%, which could potentially mean a loss of over 1.5 lakh units in the January to March quarter for the industry. India’s...
Daily Market Analysis – 12th Jan 2021
Government’s consideration in increasing FDI limit to 74% in Insurance sector The government is considering increasing the limit of foreign investment in the insurance and pension sectors, which is currently pegged at 49% of paid-up equity capital, to a higher limit of 74%, at par with that for private banks. In recent years, the Insurance sector has shown promising potential for growth, a...
