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Apple bites to set a record of $2 trillion

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 20 Aug 2020 07:30:00 -0700

Apple Inc for the first time ever made Wall Street history on Wednesday when its 2020 stock surge pushed the market value past $2 trillion, it is the first time a US company has surpassed that level.

Shares of the iPhone maker rose as much as 1.4% to $468.7 in midday trading. The stock has more than doubled off a March low, in a rally that has been driven by strong earnings results and optimism over its upcoming 5G iPhone

New age DEBT on CREDIT CARDS

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 17 Aug 2020 11:13:00 -0700

While the real essence of DEBT has remained the same, its applicability has changed over the years.

Earlier people would borrow money for bigger needs such as house, after due consideration. Low Debts could also be credited to the difficulty of getting loan. Today you borrow money for even small wants such as an earphone. The easy availability of credit is alluring.

However, the seemingly helpful loan come with hidden cost. Here's what you don't realize

You will keep paying interest on the interest that gets added to your outstanding credit card amount. If you dont clear your dues, you can end up by paying between 36-42% interest in a year.
Once you enjoy the credit facility, you will not shy away from living on credit, which is one of the initial signs of entering the DEBT TRAP.
Multiple credits not only affect your credit score but also make repayment difficult. Missed payments attract additional interest or penalties which will only push you further into DEBT TRAP.
Defaulting on credit card payments also attract 18% GST on the sum accrued interest and charges.

New CEO VEDANTA

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 17 Aug 2020 10:27:00 -0700

Vedanta Ltd on Friday announced that industry veteran and former CEO of Hindustan Zinc Ltd SUNIL DUGGAL has been elevated as chief executive officer of the company.

Sunil takes over as CEO at a time when Vedanta is gearing up for the next phase of growth with full commitment to the nation's call for 'Atmanirbhar Bharat'. Over 50 percent of our country's imports are in the natural resources and we are striving to raise domestic production to substitute imports.

Commenting on his appointment, Sunil Duggal said, "Vedanta is a purpose driven company and it plays an important role in the economic progress of our country. I am committed to passionately lead the company with a higher purpose & to make sure both our company & communities prosper to make India self-sufficient."

- Equitybulls

Apple overtakes the Saudi Aramco

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Sat, 1 Aug 2020 03:27:00 -0700

Apple Inc shares surged to a record high of 7.1% on Friday after reporting a bumper quarterly results, helping the iPhone maker overtake the

Saudi Aramco to become the world’s largest public company. Shares of the company rose to a record high of $412 in early trading.

Closing at that level will give it a market capitalization of $1.786 trillion. Saudi Aramco, which has been the largest public company since going public last year, had a market capitalization of $1.76 trillion as of last close.

RIL acquires a majority stake in Fynd

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 5 Aug 2019 06:27:00 -0700

Mukesh Ambani- led RIL's seventh major acquisition this year - FYND, a startup backed by investors like Google, for Rs295 crore in its push for online-to-offline (O2O) commerce.

The deal being, routed through Reliance Industrial Investments and Holdings, will give RIL an option of investing another Rs100crore in the Mumbai based startup and it will own 87.6% stake. It will give an exit option to Fund's investors. All the founders are from IIT-Bombay.

Morning Outlook

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 21 May 2019 19:28:00 -0700

Indian markets could open higher on Monday continuing from Monday’s sharp upmove. Asian markets are mixed with some of them at 4 month lows impacted by the latest escalation of trade war between US and China involving Huawei. US markets ended lower on Monday, with Nasdaq falling even more as tech shares took the brunt of selling pressure due to Trump’s ban on exports by US companies to Huawei which may hit a lot of US tech companies.

Indian markets could open higher and later consolidate with focus on corporate results and global developments. Defensive stocks could underperform while cyclical sectors including financials, Oil & gas, Realty and Capital goods likely to do well. On upside, Nifty could face resistance at 11857 while 11763 remains a crucial support. Among stocks under coverage, SBI, Titan, Kotak Bank, Heidelberg, Shree Cements, SRF, UPL, ICICI Bank, Axis Bank, GE Power, Ultratech could do well.

Beginner's guide: some terms to know

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 1 May 2019 06:00:00 -0700

Diversified: Schemes that invest in companies across all industry sectors.
Index: Schemes in which the portfolios are constructed to mirror a specific market index. Securities are purchased in the same proportions as in the selected Index. Index funds are expected to provide a rate of return over time that will approximate or match that of the underlying index.
Tax Planning/ ELSS: Some mutual fund schemes offer tax benefit u/s 80C wherein investments upto 1.5 lakh a year can be claimed as deduction. These schemes come with three year lock - in and under the new regulation, any new tax planning mutual fund scheme will have to be a 10 year close ended scheme.
Hybrid : Equity-oriented: Hybrid funds are those which invest in more than one asset class, such as only equity or only debt.
Debt-oriented: These hybrid funds invest a large part of their corpus in debt instruments and a smaller part in equities.
NAV: Net asset value is the investment value of each unit of a scheme net of all fund management and administration related expenses.
Entry Load: Fees an investor has to pay while purchasing units of a scheme.
Exit Load: Fees an investor has to pay to exit the scheme.

Credit Policy review

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Sun, 7 Apr 2019 22:08:00 -0700

The Monetary Policy Committee (MPC) today voted 4-2 in favour of cutting the policy repo rate by 25bps to 6.00%. Further, 5 members voted in favour of maintaining the policy stance at “neutral”, while one voted for changing it to “accommodative”. The reverse repo rate now stands at 5.75% and the cash reserve ratio (CRR) remains unchanged at 4.0%.

In other measures, RBI decided to permit banks an additional carve out of 2% of their Net demand and Term Liabilities (NDTL) from Statutory Liquidity Ratio (SLR) holdings, in a phased manner over one year, for the purpose of computing their Liquidity coverage ratio (LCR).

RBI lowered its inflation projections to 2.4% for Q4 FY19 (from 2.8% earlier), 2.9-3.0% in H1FY20 and 3.5-3.8% in H2 FY20 (from 3.2-3.4% in H1FY20 and 3.9% in Q3 FY20) with risks broadly balanced. According to RBI, assuming normal monsoon, headline inflation is expected to remain soft in the near term primarily on account of (1) weak food inflation, (2) fall in household inflation expectations and (3) moderating impact of lower than expected core inflation. Further, oil prices have inched up recently but outlook is uncertain due to production cuts by OPEC partly negated by concerns over global demand.

RBI also revised down the growth outlook to 7.2% for FY 20 with 6.8-7.1% in H1FY20 and 7.3-7.4% in H2 FY20 (as against earlier estimate of 7.2-7.4% in H1 and 7.5% in Q3 FY20). RBI acknowledged that economic activity in domestic economy is moderating and growth is facing resistance, particularly due to global growth concerns. Further, volatility in global financial markets, trade tensions and geopolitical uncertainties could adversely impact growth prospects.

As per RBI, investment activity is recovering but is supported mainly by government push on roads and affordable housing. Private consumption is stable and likely to strengthen due to focus on public spending in rural areas and tax benefits announced in budget. RBI acknowledged the need to improve private sector investment activity, which has been lagging. Against this backdrop, the MPC decided to reduce the policy repo rate by 25 bps while maintaining the stance of monetary policy at neutral.

Conclusion and Outlook

The MPC’s decision to reduce policy rate by 25bps was in line with market expectations. Given the near term inflation outlook remains benign and growth is moderating, it could provide some space for further policy easing. However, any future action by RBI is likely to be data dependent and we maintain that this rate cut cycle is likely to be a shallow one, in our opinion.

By further increasing the carve out from mandated SLR for the purpose of LCR calculations by 2%, RBI has improved banks’ flexibility to provide credit. However, on the flip side, demand for the dated Gsec will be adversely impacted as it further increases the already excess SLR holdings of banks, especially PSU banks.

Large increase in gross market borrowings in FY20 over FY19 along with low demand for government bonds due to excess SLR in the banking system could put upward pressure on yields. Even though the near term inflation outlook remains benign due to low food prices and range bound oil prices, we prefer to maintain a cautious stance. This is due to a modest uptick in growth expected in FY20, credit growth outpacing deposit growth and likely fiscal pressures.

In view of the above, the short to medium end of the yield curve continues to offer better risk adjusted returns than the long end. Hence, we continue to recommend investment in short to medium duration debt funds.

SoftBank listing

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 13 Nov 2018 09:20:00 -0800

SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21billion and be one of the biggest tech IPOs in years. The offering will take place in Tokyo on Dec 19 and will offer 1.6billion shares in its SoftBank Corp mobile unit at 1,500 yen ($13) each.

China's TCL making pitch for Videocon

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Sun, 7 Oct 2018 22:30:00 -0700

The $16.5-billion Chinese electronics major, TCL, has made a pitch for the Videocon brand as the resolution professional (RP) of the debt-laden Indian company invites buyers to take control of the firm.

The interest from TCL comes at a time when the Chinese company has laid out detailed plans for a major expansion in India, which includes setting up a factory in Bengaluru for TVs, air-conditioners, washing machines, refrigerators and smartphones.

-economictimes.indiatimes.com/

Rupee closes below 73

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 4 Oct 2018 10:40:00 -0700

The rupee on Wednesday reverted to its old ways of sagging against dollar as rising crude prices pushed the currency below 73 mark for the first time.

The pressure on currency cannot be solely attributed to oil-the US Federal Reserve has raised its rates that has led to a dollar rally and outflows from emerging markets including India.

Foreign portfolio investors have already pulled out ,$9 billion from the equity and bond markets. Experts have forecast the country's CAD- difference between foreign exchange earned and spent - which hit 2.4 percent of GDP during the first quarter of this year is set to rise further because of crude.

Tatas bag Usha Martin Steel unit

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 26 Sep 2018 06:52:00 -0700

Tata Steel has won the race to acquire the steel business of Usha Martin. The all-cash transaction will see the Tata group firm paying Rd 4,300- 4,700 crore subject to various transaction terms.

RIL the first Indian company cross Rs 8lakh crore in market cap

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Fri, 24 Aug 2018 01:58:00 -0700

Reliance Industries Ltd. (RIL) has become the first Indian company to cross Rs 8lakh crores

L&T's Buyback plan

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Fri, 24 Aug 2018 01:32:00 -0700

Larsen and Toubro (L&T) has announced a Rs 9000cr share buyback plan that will see the engineering conglomerate acquire upto 6 crore shares at a price of Rs1500 apiece.

This is the first buyback by L&T and it constitutes around 4.29percent of the paid up equity capital of the company

Wall St gains

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 1 Aug 2018 06:39:00 -0700

The escalating trade dispute between the two countries, with the United States and China imposing tariffs on $34 billion of each other's goods earlier this month, has weighed heavily on the equity markets. The likelihood of a respite in the tensions boosted the markets on Tuesday, with nine of the 11 major S&P sectors higher

US stocks rose on Tuesday as technology stocks rebounded and a report said the United States and China were trying to restart negotiations to defuse a trade war between world's two largest economies.
The S&P index recorded nine new 52-week highs and one new low, while the Nasdaq recorded 13 new highs and 36 new lows.

Celebrate Women's day with McDonald's

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 8 Mar 2018 10:11:00 -0800

In the history of McDonald's, its the first time the company has flipped its 'golden arches' logo to show a 'W' in honor of International Women's Day.

Wendy Lewis, the company's global chief diversity officer said that The move was intended to honor the extraordinary accomplishments of women everywhere and especially in there own restaurants.

More than 62 percent of McDonalds employees are women and six out of ten are restaurant managers.

Some throwback to equity market... Yesteryear

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 10 Jan 2018 11:29:00 -0800

Equity Market Update

After a flattish 2016, Indian equity markets were up 28% and closed on a record high in 2017. Global equity markets also fared well in 2017. Successful implementation of GST, recapitalization of PSU banks, Moody’s upgrade of India’s sovereign rating to Baa2 from Baa3 were key events. Globally, geopolitical tensions, rising commodity prices especially crude, US rate hike thrice in a year etc. made news.

A summary of key developments of 2017 is as follows:

Successful implementation of GST
Moody’s upgrade of India’s sovereign rating to Baa2 from Baa3
India’s ranking moving up 30 notches to 100 in the World Bank’s ease of doing business survey for 2018
Bounce back of real GDP growth to 6.3% in 2QFY18 after falling to 5.7% in 1QFY18 post demonetization
Progress on cases referred to National Company Law Tribunal (NCLT) on track. Steel, that accounts for 20-25% of Gross Non-Performing Assets (GNPA), has high interest from bidders under NCLT process
Real Estate (Regulation and Development) Act, 2016 (RERA) implemented
Announcement of recapitalization of PSU banks
Announcement of Bharatmala scheme, Saubhagya scheme etc
US Federal Reserve raised the federal funds rate thrice in 2017

Key Highlights of markets:

Flows remained strong with FIIs and DIIs investing US$7.7 bn and US$13.9 bn in CY2017 respectively
Record money raised through IPOs, QIPs, rights issue, etc
Emerging markets outperformed most developed markets

During the year 2017, key commodities moved upwards. Crude was up ~14% and steel, zinc aluminum, copper, lead were up 15-35%.

Economic & Equity market outlook – Growth should accelerate, earnings outlook to improve

Most economic indicators are healthy and economy is in good shape
Capex in roads, railways, power T&D has seen material improvement
Capex in Housing, urban infrastructure and defence should now improve
Industrial capex is likely to recover within a year led by metals, fertilizers etc
Economic growth should improve from current levels as impact of demonetisation and GST is behind
Earnings outlook is improving with improvement in operating margins, lower interest rates, peaking NPAs and higher metal prices
Steel that accounts for 20-25% of GNPA has high interest from bidders under NCLT process; Conclusion of this process would positively impact banks, private capex and steel

Equity markets have lagged nominal GDP growth and are consequently at attractive market cap to GDP ratio. In P/E terms too, markets are trading near 17.5x CY18 (e) and 14.5x CY19 (e) (Source: Bloomberg Consensus), which are reasonable, especially given the low interest rates.

Debt Market Update

The calendar year 2017 has been a difficult year for the Indian debt market. The key macroeconomic events during the year were implementation of GST (goods & services tax), Rs 2.11 lac crores recapitalization plan for public sector banks, 25bps rate cut by the RBI, upgrade of sovereign credit rating by Moody’s, and three rate hikes by the US Fed.

The yield on 10-year benchmark ended the year at 7.33%, up by 88 bps for the calendar year 2017. The yield on 10-year AAA-rated Corporate Bonds ended the year at 7.86% as against 7.46% at the end of 2016. Thus, corporate bond spreads ended the year at 40 bps as against 91 bps at the beginning of the year.

The huge surplus of liquidity built up post demonetization reduced substantially during the year 2017. As against ~Rs2.25 lac crs of surplus liquidity absorbed by RBI at the beginning of the year 2017, about Rs.25 thousand crs of liquidity was injected by RBI at the end of year 2017. The overnight rate ended the year at 6.20% as against 6.25% as at end of 2016.

INR appreciated by ~ 6% during the calendar year 2017 to close at 63.87 versus the USD in Dec’17 as against 67.92 in December 2016. FIIs have purchased close to US$ 30.61 billion in Indian debt and equity markets in calendar year 2017 as compared to outflow of ~US$ -3.19 billion during calendar year 2016.

The average retail inflation CPI during calendar year 2017 was 3.16% as against 4.94% during calendar year 2016. CPI inflation began the year at 3.17% and bottomed out in Jun’17 at 1.46%. Since then CPI has increased to 4.88% YoY in Nov’17. Core CPI (excl. transport & communication, food & fuel) ranged between 4% to 5.25% during calendar year 2017.

During the second half of the calendar year 2017, G-Sec yields moved higher due to concerns arising over fear of fiscal slippage, rising international crude oil prices, higher US bond yields and OMO (open market operation) sales by RBI.

The government announced additional borrowings of Rs73,000 crs (Rs50,000 crs through dated securities and Rs 23,000 crs of T-bills) by Mar’18 which confirmed market fears of fiscal slippage. Consequently, the 10-year benchmark yield moved up sharply and ended the month at 7.33%, higher by 27bps over the previous month end.

Outlook

The forthcoming Union Budget and next credit policy review are key events to watch out for. In our view the likely firming up of inflation in the near term, uncertainty associated with GST collections, next year’s fiscal deficit target as well as the rise in crude oil prices, will keep RBI on pause mode for the remaining part of this fiscal year.

Source for various data points: Bloomberg and Reuters.

3% gain post strong December sales - Tata Motors

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 2 Jan 2018 03:16:00 -0800

In December 2017, passenger vehicles sales grew by 31 percent to 14,180 units in December 2017, against 10,827 units sold in year-ago.

Tata Motors shares on 3 percent gain in intraday Tuesday following strong sales data across segments in last month of passing year.

"The commercial and passenger vehicles domestic sales in December 2017 was at 54,627 units as against 35,825 units in December 2016, a growth of 52 percent, due to increasing demand for vehicles across segments, new product launches and strategic customer initiatives," the company said in its filing.

Commercial vehicles domestic sales during the month increased 62 percent to 40,447 units YoY, led by steady production ramp-up of new range of BS4 vehicles. The medium & heavy commercial vehicle trucks segment registered a record 83 percent growth while light and intermediate commercial vehicles sales goes up by 78 percent, it said. In December 2017, passenger vehicles sales grew by 31 percent to 14,180 units in December 2017, against 10,827 units sold in year-ago.

Strong performance of Tiago, Tigor, Hexa and Nexon have led the growth momentum, Tata Motors said.

Commercial vehicles sales from exports increased 26 percent year-on-year to 6,044 units in December 2017.

At 12:29 hours IST, the stock price was quoting at Rs 438.00, up Rs 12.60, or 2.96 percent on the BSE.

Bitcoin crossed $10000

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 29 Nov 2017 23:51:00 -0800

Bitcoin

crossed $10000 on smaller exchanges such as the CEX.IO, and the crypto-currency index coinmarketcap.com long before it hit the milestone on BitStamp.
Sceptics say it is a classic speculative bubble with no relation to the real financial market activity or the economy, most famously JPMorgan boss Jamie Simon who labelled it a fraud.

Canara Bank gearing up for Singapore Stock Exchange

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Fri, 4 Aug 2017 23:28:00 -0700

State-run Canara Bank is in the international bond market with a $400 million issue as part of its $2 billion medium-term note programme.

“Canara Bank is in the international debt market with a benchmark dollar bond issue that will have a tenor of five years. The lender is likely to raise $400 million through the bond sale issue, which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,”

Choose Debt fund wisely

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 3 Aug 2017 00:49:00 -0700

The Reserve Bank of India (RBI) had cut the repo rate by 0.25 percent, in its third bi-monthly monetary review for the financial year 2017-18, on August 2, 2017.

The move is surely going to depress the retirees and other investors who rely heavily on the fixed income products such as bank fixed deposits. The bank FD rates are already lying low and in all probability will come down further.

The option one can opt is debt fund.
For a retiree, building up a portfolio to meet regular income needs requires careful attention. Safety, liquidity and post-tax return have to be kept in mind. Bank FD can be between 10%-15% of their portfolio for immediate liquidity requirement and debt mutual fund should be around 75%-80% of their portfolio,
* Basic rule one needs to follow is, not to withdraw from debt mutual funds until the holding period of more than 3 years is completed in order to make it tax efficient.

* For the income for the initial 3 years, required funds should be parked in Liquid and arbitrage funds, which are a better option compared to saving account and a systematic withdrawal plan should be setup from it.

*Income for 4th year onwards will come from debt mutual funds through systematic withdrawal ..

Reliance: After Bonus just wait and watch

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 24 Jul 2017 02:00:00 -0700

Reliance's past history have shown the stock to correct itself after a bonus but this time, RIL has left its investors yearning for more.
Market analyst are of the opinion that there is lot more left on RIL platter, which has gained over 46 percent since the beginning of this year.
Multiple factors that are leading to this optimism- Reliance's strong showing during the first quarter of this year led by the core segments and the fact that most of its big (profitable) investments are complete and have already started yielding results.
Its consumer business is expected to grow in importance and would mark a major shift.

This seasons flavor : local investment banks

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Sun, 23 Jul 2017 05:07:00 -0700

India’s record equity markets now have a particular flavour: Local bankers, who are taking the lead and on charge

of local investors.

Indian funds and retail buyers of equity have knocked overseas investors off the leader-board this year, and the biggest beneficiaries of the changing trend have been local investment banks.

Four of the top five on the league-table for equity markets deals by volume and value in the six months to June are local banks. Unlike their global peers, IIFL, Kotak or SBI Caps have capitalized on the strong demand from domestic institutional investors — insurance companies and mutual funds — and from companies riding the boom to unlock value through share or bond sales.

A more challenging New Year

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 2 Jan 2017 10:49:00 -0800

The New Year is likely to be more challenging for equities than 2016 as companies are expected to post poor earnings atleast for the next couple of quarters following demonetisation.
Global headwinds ranging from US policies under Donald Trump to poll in three key European countries will also impact investors sentiments.
As per analyst prediction earnings growth for the next 1-2quarters should be tough from economy perspective. A fall in cement offtake, automobile, textiles, gems and jewellery and retail footfall is expected. However there is no anticipation of any major negative surprises in sectors like metals and oil & gas. 60% of the net profits of the Nifty-50 Index do not depend on India's GDP growth as their revenues are largely dependent on global factors.

Basics of investment is must for Single Mothers

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Fri, 17 Jun 2016 02:25:00 -0700

Women usually get scared with the idea of handling money and remain indecisive - often turns out to be a problem if for some reasons they are forced to live on their own and this problem becomes more ugly if they gave children with them and they have to secure the financial future of all of them having zero knowledge about finance and investing.

First few steps to start managing their investments:
# Never give management of your money to a relative
# Open a fixed deposit account as your first investment in a good bank and keep money in it
# Must educate yourself with the basics of finance and investing
# To gain experience of investment start with a small amount from the money kept in your FD ( fixed deposit)
# Understand financial planning and if needed get in touch with a financial planner for a fee
# Choose your planner by relying on strong references
# Financial planner must have a minimum 2-3 years of experience
# For a good long term investing experience you have to have a disciplined approach to saving and investing
# Keep calm during markets short term volatile phases
# Trust SIPs for investing in mutual funds. SIPs average out costs, neutralise negative impact of volatility.