Daily Market Analysis – 07th Oct 2020
TCS Buyback shares in Tata Sons Shapoorji Pallonji is selling its 18.4% stake in Tata Sons back to the group, to which TCS has decided to buy back shares in Tata Sons. The buyback can be worth up to Rs 22000 cr with approval of shareholderThis will ensure cash flows to the promoters who at this point in time are in need of funds for Tata Motors. IPO Likhita Infrastructure...
Daily Market Analysis – 06th Oct 2020
1. Indian Government keen to resolve pending issues with Neighbouring Countries In its efforts to improve strategic relations with neighbouring countries on east India has reached out to Myanmar to discuss the possibility of building a petroleum refinery in the Thanlyin region. The project has an estimated investment cost of $6 billion. Myanmar has a booming energy industry and China...
Daily Market Analysis – 05th Oct 2020
1. Pradhan Mantri Awas Yojna (PMAY) Pradhan Mantri Awas Yojana is an initiative by the Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. Some defined benefits of PMAY are given below:- Avail subsidy upto 2.67 Lakhs*Interest subsidy at a rate of 6.5%* for a tenure of upto...
Daily Market Analysis – 30th Sept 2020
Reliance Industries Limited and Reliance Retail Ventures Limited announced on Wednesday that General Atlantic will invest 3,675 crores for 0.84% into RRVL It is the second investment by General Atlantic in a subsidiary of Reliance Industries, following ₹ 6,598.38 crore investment in Jio Platforms announced earlier this year.It is a step towards transformational digitalization of small and...
Daily Market Analysis – 29th Sept 2020
State Bank of India (SBI) has come up with a slew of special offers for its retail customers to spread festive joy amid the coronavirus pandemic. The nation’s largest lender has announced a 100% waiver in the processing fee for all customers applying for a car, gold, and personal loan through YONO. The bank is offering the lowest interest rate starting from 7.5% to customers opting for car...
Daily Market Analysis – 28th Sept 2020
NEWS CAPSULES UK’s Vodafone Group Plc. has won an international arbitration against the Indian government over retrospective tax demand of ₹20,000 crores, in the Permanent Court of Arbitration in The Hague which has ruled that the Indian government’s imposition of tax liability on Vodafone is in breach of the investment treaty agreement of ‘fair and equitable treatment,...