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Wednesday, December 5, 2018

SBI Multi-Option Fixed Deposit Scheme: 10 things to know

The minimum term deposit amount needed for creating an SBI Multi-Option Fixed Deposit Scheme account is Rs 10,000 and in multiples of Rs 1,000 each thereafter
Source: LM

ITR forms will soon be pre-filled for you: CBDT’s Sushil Chandra

Authorities are working on a project that will use data available from entities that deduct tax at source to offer pre-filled ITR forms to make ITR filings simpler, says CBDT chairman Sushil Chandra
Source: LM

Small finance banks dismiss worries about listing for now

The boards of Equitas Holdings and Ujjivan Financial Services are looking at various options to list their small finance banks (SFBs), but an IPO is not the preferred route
Source: LM

A rocky road to redemption for Dilip Shanghvi’s Sun Pharma

Sun Pharma’s management appears keen to resolve investor concerns and unwind transactions or structures they disapprove of, but there remain unanswered questions
Source: LM

Global markets: US futures gain, Asia pares loss on China trade

After a big sell-off Tuesday on Wall Street, stocks in Australia, Japan and South Korea were still down, though by less than the 3.2% tumble in the S&P 500 Index
Source: LM

Wall Street tumbles, spooked by growth and trade worries

Dow Jones fell 3.1% to 25,027.07, the S&P 500 lost 3.24% to 2,700.06 and Nasdaq dropped 3.8% to 7,158.43
Source: LM

Iran threatens to cut off Gulf oil

America is not capable of preventing the export of Iran’s oil. If it ever tries to do so, no oil will be exported from the Persian Gulf: Iran President Hassan Rouhani
Source: LM

S&P 500 Futures to trade overnight ahead of NYSE Wednesday close

The Wednesday futures session will begin as usual at 6 pm on Tuesday in New York, and go until 9:30 am the following day, according to a statement by CME Group
Source: LM

Heavy commercial vehicle sales veer off the growth track

The sharp decline in medium and heavy commercial vehicle sales in November was most glaring compared to other auto segments
Source: LM

Sebi panel bats for overseas listing of firms

Panel suggests changes in regulatory frameworks such as Sebi Act, Companies Act, tax laws, FEMA
Source: LM

RBI to inject Rs 10,000 crore through open market operations on Thursday

The OMO operation will help ease the tight liquidity situation triggered by a series of defaults by group companies of IL&FS
Source: LM

Gold prices remain steady, silver rates zoom Rs 1,200 in 2 days

Gold prices today remained flat at 31,850 per 10 gram while silver rates zoomed to Rs 37,740 per kg.
Source: LM

Rupee trades flat against US dollar

At 9.15am, the rupee was trading at 70.44 a dollar, up 0.02% from its Monday’s close of 70.46. The currency opened at 70.51 a dollar
Source: LM

Opec seen delaying oil cut as Russia plays tough

Opec and its allies are working towards a deal to reduce oil production by at least 1.3 million barrels per day, but Russia’s resistance was so far the major roadblock
Source: LM

Govt not to participate in LIC open offer in IDBI Bank

LIC’s open offer to purchase 26% shares of IDBI Bank opened on 3 December and will close on 14 December
Source: LM

Nervous Indian firms buy the shortest-term debt they can

Assets with overnight funds soared to Rs 123 billion ($1.8 billion) last month, from Rs 39 billion in September, as companies chose safety over returns in the wake of a rare debt default
Source: LM

Goldman sees another weak year for markets after a lousy 2018

Slowing economic growth, shrinking central bank balance sheets and continued bouts of volatility will help make 2019 another poor year for markets
Source: LM

Salman tops Forbes India Celebrity 100 list, Deepika is highest-earning female actor

Salman tops Forbes India Celebrity 100 list, Deepika is highest-earning female actor


Source: TIE

Given state of Pakistan hockey even I would’ve played cricket: Hasan Sardar

Given state of Pakistan hockey even I would’ve played cricket: Hasan Sardar


Source: TIE

UPTET result 2018: How to check at upbasiceduboard.gov.in

UPTET result 2018: How to check at upbasiceduboard.gov.in


Source: TIE

Exercise tips to burn off calories after stuffing your face with your favourite junk food

Exercise tips to burn off calories after stuffing your face with your favourite junk food


Source: TIE

Einstein’s ‘God Letter’ auctioned for nearly $3 million

Einstein’s ‘God Letter’ auctioned for nearly $3 million


Source: TIE

Sonu Nigam: Marketing aspect shouldn’t interfere in the creativity of the show

Sonu Nigam: Marketing aspect shouldn’t interfere in the creativity of the show


Source: TIE

CSIR UGC NET 2018 admit card released: Download at csirhrdg.res.in

CSIR UGC NET 2018 admit card released: Download at csirhrdg.res.in


Source: TIE

Mumbai startup first Indian private firm to have satellite in space

Mumbai startup first Indian private firm to have satellite in space
The mini communication satellite, weighing just a kg with double the size of a Rubik’s cube, looks to serve the amateur radio community claims and will help in coordinating messages among them and help the country in time of disaster. Built in just 18 months, Exseed Sat-1 will allow people to receive signals on 145.9 Mhz frequency with the help of a TV tuner.

Source: TOI

Vijay Mallya offers to repay 100% to banks

Vijay Mallya offers to repay 100% to banks
Vijay Mallya has appealed to various Indian banks to accept his offer to pay back 100 % of the principal loan amount he owes to them, days ahead of a UK court's decision on his plea not to extradite him to India. Mallya is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crore.

Source: TOI

Bulandshahr: Fearing raids, most men flee village

Bulandshahr: Fearing raids, most men flee village
Most of the male members have left the village as police continue to raid houses looking for accused named in the FIR. On Monday, inspector Subodh Kumar was killed by a mob as it protested against alleged cow slaughter in the region. On Monday, inspector Subodh Kumar was killed by a mob as it protested against alleged cow slaughter in the region.

Source: TOI

Extradition significant as Michel a British citizen

Extradition significant as Michel a British citizen
The Court of Cassation in Dubai had on November 19 upheld a lower court order clearing the extraction order. Michel, while rejecting the charges against him, had argued that India had "dilapidated jails" and he would be forced to frame politicians. These arguments were rejected by the UAE court, which asked the ministry of justice there to take a decision on extradition.

Source: TOI

Times Top 10: How builders make a fool of buyers

Times Top 10: How builders make a fool of buyers


Source: TOI

AgustaWestland chopper deal 'middleman' Christian Michel brought to India

The operation code-named 'Unicorn' was carried out under the guidance of NSA Ajit Doval.
Source: AA

Kerala minister against using children as 'shield' in Sabarimala stir

The minister noted that large number of children were coming to Sabarimala Lord Ayyappa temple with their parents as part of pilgrimage.
Source: AA

'Please take it': Vijay Mallya offers to 'repay 100 pc' to banks

Vijay Mallya's tweets came hours after alleged AgustaWestland deal middleman Christian Michel James was brought to India.
Source: AA

Etihad, Jet Airways in talks on rescue plan: report

Etihad Airways is also considering investing fresh funds in Jet Airways if it can agree on the structure.
Source: AA

'Amma' remembered on second death anniversary

Clad in black shirts, Palaniswami and Panneerselvam led a silent march from Anna Salai to Marina beach.
Source: AA

Watch: India's heaviest satellite GSAT-11 launched successfully

GSAT-11 will provide high data rate connectivity to users of Indian mainland and islands.
Source: AA

Taliban being used as 'hedge' against India: US Army officer

McKenzie told lawmakers that he did not see much of change in Pak's behaviour towards Afghanistan or its stand against terrorist groups.
Source: AA

Bulandshahr violence: UP cop's killing by frenzied mob shameful, says Rahul

'If in Modi-Yogi rule, police is in such a state then how much terror the common man would be feeling (sic),' Gandhi said on Twitter.
Source: AA

Rahul Gandhi becomes 'shiv bhakt' when elections approach: Smriti Irani

Smriti Irani said the Modi government at the centre was committed to the development of Telangana.
Source: AA

'Amit Shah lied about manifesto': Congress approaches Election Commission

Congress manifesto has promised free electricity supply not only to mosques and churches but also to temples and other places of worship.
Source: AA

US man killed in Andaman was on 'planned adventure': Tribes body chief

Efforts are on to identify other people who assisted John Allen Chau in his journey, NCST chairperson said.
Source: AA

'Crazy, wrecking ball, dangerous': US Senators blast Saudi Prince over Khashoggi

The Saudis have charged 11 people but deny the crown prince was involved.
Source: AA

Sensex falls over 200 points, Nifty slips below 10,800 on global selloff

The 30-share index was trading 209.22 points, or 0.58 per cent, lower at 35,925.09.
Source: AA

Nickyanka wedding: Couple's twin weddings pictures reflect blend of cultures

Priyanka Chopra's wedding with Nick Jonas was a fairytale affair that could rival many a royal nuptials.
Source: AA

Kartapur went to Pak due to Congress' mistake: PM Narendra Modi

Mr Gehlot made the remark when media asked him who would be the chief minister if the party won.
Source: AA

Bulandshahr mob violence: 4 held in UP cop murder, hunt on for others

The main accused, Yogesh Raj, is the person who filed a separate complaint of cow slaughter.
Source: AA

'If US stops our oil, then no oil will be exported from the Gulf': Iran

Tensions have risen between Iran and US after Trump withdrew from nuclear deal and reimposed sanctions on the Islamic Republic.
Source: AA

Govt rejects higher military service pay for 1L personnel, army upset

Military sources said the Army is anguished over the decision by the finance ministry, and will seek its review.
Source: AA

Jolt to Rahul, Sonia Gandhi: SC allows reopening of National Herald tax case

A bench headed by Justice A K Sikri posted the matter for further hearing on January 8 next year.
Source: AA

Delhi court frames bribery charges against TTV Dinakaran

Special Judge Arun Bharadwaj put Mr Dinakaran on trial after he appeared before the court and pleaded not guilty.
Source: AA

Time has come for advocates to check genuineness of other advocates, says HC

Time has come for advocates to check genuineness of other advocates, says HC
Courts should be very slow in making adverse comments against advocates in judicial orders because legal professionals submit documents in courts only

Source: TH

Minors booked for cow slaughter in Bulandshahr?

Minors booked for cow slaughter in Bulandshahr?
The Uttar Pradesh police are alleged to have booked two minors among the seven Muslims charged with cow slaughter from Naya Bans village in Bulandsha

Source: TH

Court summons Bharathiar University officials in contempt case

Court summons Bharathiar University officials in contempt case
The Madras High Court on Tuesday summoned Higher Education Secretary Mangat Ram Sharma, Bharathiar University Registrar (in-charge) B. Vanitha and ei

Source: TH

Explain impact of green corridor notification: HC

Explain impact of green corridor notification: HC
The Madras High Court on Tuesday directed the Centre to explain the impact of a notification issued recently for acquisition of 1,125 acres of land in

Source: TH

HC permits I-T dept. to revoke order on Christy Friedgram

HC permits I-T dept. to revoke order on Christy Friedgram
‘Obtained through misrepresentation’

Source: TH

Tuesday, December 4, 2018

Electricity bill set to rise in these 5 states as Gujarat gives power relief to Adani, Tata

Electricity bill set to rise in these 5 states as Gujarat gives power relief to Adani, Tata
The three-member higher-power panel formed by the Gujarat government recommended passing the burden of high coal price to consumers along with extention of PPA and haircut to lenders.

Source: TFE

NSC, MIS, Sukanya Samriddhi, KVP: Post office schemes that grow your money in different ways

NSC, MIS, Sukanya Samriddhi, KVP: Post office schemes that grow your money in different ways
Most of the investors are not very familiar with post office savings schemes but these are as lucrative and safe as the schemes offered by banks.

Source: TFE

Strong commitment to climate action rooted in the Vedas: PM Narendra Modi tells UN chief

Strong commitment to climate action rooted in the Vedas: PM Narendra Modi tells UN chief
Prime Minister Narendra Modi has told UN Secretary General Antonio Guterres the motivation for his "strong commitment" to climate action is rooted in the ancient Hindu scriptures, the Vedas.

Source: TFE

GSK-HUL deal: HUL shares gain after Horlicks deal; should you buy or sell stock? What brokerages say

GSK-HUL deal: HUL shares gain after Horlicks deal; should you buy or sell stock? What brokerages say
After India’s largest FMCG giant HUL announced a mega merger with GSK Consumer, picking up the iconic Horlicks and Boost brands, brokerages see a lot of positives for HUL from the deal. We take a closer look.

Source: TFE

70 per cent boats in West Bengal fitted with automated trackers: Navy officer

70 per cent boats in West Bengal fitted with automated trackers: Navy officer
The Indian Space Research Organisation (ISRO) has developed a cost-effective transponder, De told the media ahead of Navy Day celebrations to be held on Tuesday.

Source: TFE

Risk Tolerance - financial dictionary pdf - financial terminology dictionary - financial dictionary app

Risk Tolerance
Risk tolerance is the degree of variability in investment returns that an individual is willing to withstand.
Source: FD

Compound Annual Growth Rate - CAGR - financial dictionary pdf - financial terminology dictionary - financial dictionary app

Compound Annual Growth Rate - CAGR
The Compound Annual Growth Rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer than one year.
Source: FD

Net Present Value - NPV - financial dictionary pdf - financial terminology dictionary - financial dictionary app

Net Present Value - NPV
Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time.
Source: FD

Internal Rate of Return - IRR - financial dictionary pdf - financial terminology dictionary - financial dictionary app

Internal Rate of Return - IRR
Internal Rate of Return (IRR) is a metric used in capital budgeting to estimate the profitability of potential investments.
Source: FD

‘Magma Fincorp profitability likely to come under pressure’

Funds crunch, rise in interest rates impact disbursements during the festival season
Source: BHT

Crowdfunding as a saviour

In March 2015, when she was diagnosed with stage-four colon cancer, Bengaluru-based Priya Joseph* (name changed) decided to fight it the best way poss
Source: BHT

Tata Harrier: Premium SUV set to launch, find out features and other details here

Tata Harrier: Premium SUV set to launch, find out features and other details here
Tata Harrier: Premium SUV set to launch, find out features and other details here Tata Motors#39; has retained broadly all of design aspects of the H5X concept showcased at the Auto Expo this year. Harrier is the most-awaited launch in the SUV space in 2019

Source: MC

Tata Harrier: Premium SUV set to launch, find out features and other details here

Tata Harrier: Premium SUV set to launch, find out features and other details here
Tata Harrier: Premium SUV set to launch, find out features and other details here Tata Motors#39; has retained broadly all of design aspects of the H5X concept showcased at the Auto Expo this year. Harrier is the most-awaited launch in the SUV space in 2019

Source: MC

Russia#39;s Alexander Novak says OPEC, other oil producers to discuss Qatar#39;s OPEC exit

Russia#39;s Alexander Novak says OPEC, other oil producers to discuss Qatar#39;s OPEC exit
Russia#39;s Alexander Novak says OPEC, other oil producers to discuss Qatar#39;s OPEC exit OPEC and other global oil producers are holding meetings in Vienna later this week to decide on future strategies for the oil market. Novak declined to reply to questions about possible production cuts.

Source: MC

2018 Tata Harrier: Image gallery

2018 Tata Harrier: Image gallery
2018 Tata Harrier: Image gallery 2018 Tata Harrier: Image gallery

Source: MC

MoEngage raises over Rs 63 cr from Matrix Partners, VenturEast, other investors

MoEngage raises over Rs 63 cr from Matrix Partners, VenturEast, other investors
MoEngage raises over Rs 63 cr from Matrix Partners, VenturEast, other investors In a statement, the California-based firm founded by Raviteja Dodda and Yashwanth Kumar said that existing investors Helion Venture Partners and Exfinity Ventures also participated in the latest round.

Source: MC

Sebi panel proposes direct listing of Indian companies on foreign bourses

Sebi panel proposes direct listing of Indian companies on foreign bourses
Sebi panel proposes direct listing of Indian companies on foreign bourses Currently, Indian companies can list their shares through depository receipts abroad, while foreign companies need to go through the Indian Depository Receipt route for listing of equities.

Source: MC

ITR filing up 50% so far this year: CBDT chairman Sushil Chandra

ITR filing up 50% so far this year: CBDT chairman Sushil Chandra
ITR filing up 50% so far this year: CBDT chairman Sushil Chandra "This is the effect of demonetisation," Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said on the sidelines a CII event.

Source: MC

Simplified GST return forms to be rolled out from April 1: Revenue Secretary Ajay Bhushan Pandey

Simplified GST return forms to be rolled out from April 1: Revenue Secretary Ajay Bhushan Pandey
Simplified GST return forms to be rolled out from April 1: Revenue Secretary Ajay Bhushan Pandey In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST. The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12 lakh crore.

Source: MC

Market volatility offers investors opportunities to participate: Reliance MF

Market volatility offers investors opportunities to participate: Reliance MF
Market volatility offers investors opportunities to participate: Reliance MF Corporate earnings would take precedence over elections going ahead, Reliance Mutual Fund#39;s Sailesh Raj Bhan said.

Source: MC

China#39;s Huatai Securities plans to list in London on December 14: Source

China#39;s Huatai Securities plans to list in London on December 14: Source
China#39;s Huatai Securities plans to list in London on December 14: Source Shanghai-listed Huatai, which counts Alibaba as a strategic investor, will soon publish a prospectus to issue Global Depositary Receipts (GDRs) in London, said the person, who is not authorised to speak to the media.

Source: MC

Telangana Assembly Polls 2018: Campaign trail in pics - Series 2

Telangana Assembly Polls 2018: Campaign trail in pics - Series 2
Telangana Assembly Polls 2018: Campaign trail in pics - Series 2 With only 3 days to go for the assembly elections in Telangana, the ruling TRS, Congress, BJP, AIMIM and other contesting parties have pulled out all stops to woo voters

Source: MC

PE returns rise to 22% from 8% 5 years back: McKinsey report

PE returns rise to 22% from 8% 5 years back: McKinsey report
PE returns rise to 22% from 8% 5 years back: McKinsey report The PE players found best returns in buyout strategies -- a deal in which majority ownership is acquired -- with median returns at 21 percent

Source: MC

RBI policy, results of state polls to decide market trend; these 2 stocks could outperform

RBI policy, results of state polls to decide market trend; these 2 stocks could outperform
Akash Jain Investors can start looking for good companies that have a sustainable business model with good ethical management and a clear-cut strategy for the future, and are available at a cheap valuation

Source: MC

D-Street Buzz: Bank Nifty in red dragged by HDFC Bank; Indiabulls Housing up 3%, Sun Pharma most active

D-Street Buzz: Bank Nifty in red dragged by HDFC Bank; Indiabulls Housing up 3%, Sun Pharma most active
D-Street Buzz: Bank Nifty in red dragged by HDFC Bank; Indiabulls Housing up 3%, Sun Pharma most active The breadth of the market favoured the declines with 803 stocks advancing and 844 declining while 416 remained unchanged. On the BSE, 1064 stocks advanced, 1179 declined and 140 remained unchanged.

Source: MC

Citi sees 23% upside in Hero MotoCorp after November sales data

Citi sees 23% upside in Hero MotoCorp after November sales data
Citi sees 23% upside in Hero MotoCorp after November sales data The research house expects Hero Motocorp to rally 23 percent to Rs 3,750 over a period of one year.

Source: MC

56% Indians still don’t have a health cover

Between 2013 and 2017, standalone health insurance companies gained substantial presence in the retail segment
Source: LM

Avoid equity investments for short-term goals

To achieve your target, have higher equity allocation as well as increase your monthly savings
Source: LM

Unilever uses pricey HUL shares to pay top dollar for GSK Consumer

With the HUL-GSK merger, Unilever avoids the rigmarole of an open offer for GSK Consumer Healthcare’s shareholders, and the possibility of having two listed subsidiaries in India
Source: LM

You are allowed to remit up to $1 million per FY outside India from NRO account

Remittance exceeding $1 million will require special permission from the Reserve Bank of India
Source: LM

If ‘Mutual Funds Sahi Hai’, then health insurance cover ‘zaroori hai’: Cigna TTK’s Prasun Sikdar

Prasun Sikdar, managing director and CEO of Cigna TTK Health Insurance, gives an insight into the problems and possible solutions
Source: LM

5 factors to consider before renting out your house

Renting out your house isn’t just about getting the right tenant. It needs regular follow-up too
Source: LM

GlaxoSmithKline stake sale in GSK-HUL may attract LTCG tax

Hindustan Unilever may get to mitigate its tax outgo in subsequent years, given that part of the deal value will be on the goodwill GSK Consumer Healthcare brings to its books
Source: LM

Asia shares ease as doubts emerge over US-China trade war truce

MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.2% as the Australian market gave up 0.5 % and Seoul’s Kospi fell 0.6%. Japan’s Nikkei stock index was 0.3% lower
Source: LM

Mutual fund costs matter

Check out the expense ratios, which are the lowest in the industry, against your funds’ costs
Source: LM

Mutual funds extend loans to listed entities against shares in promoter firms

Franklin India, Aditya Birla Sun Life and Reliance Mutual Fund are among the fund houses that have extended loans against shares in promoter firms of listed entities
Source: LM

US markets rally on US-China trade war truce; dollar down, yuan up

Dow Jones rises 1.13% to 25,826.43, S&P 500 gains 1.09%, to 2,790.37 and Nasdaq adds 1.51% to 7,441.51
Source: LM

Pawan Hans stake sale: Centre has ‘substantial’ interest, says disinvestment secretary

The government owns 51% stake in Pawan Hans, which has a fleet of 46 choppers. The remaining 49 % is with ONGC
Source: LM

ICICI Securities launches eATM service for retail investors

ICICI Securities’s eATM service, ICICIdirect, instantly credits into a retail investor’s bank account funds accrued from stock sales
Source: LM

Sebi extends deadline for transfer of shares in demat form to April 1

Shares in the demat form will help in maintaining a transparent record of shareholding at companies amid rising concerns over beneficial ownership of entities
Source: LM

US-China trade deal may help reverse Eurozone slowdown

What is good for China, and the US, is good for Europe
Source: LM

Personal loan interest rates: SBI vs ICICI Bank vs HDFC Bank

Here are some personal loan rates and other costs of the top private and public sector banks in India.
Source: LM

Sebi overhauls settlement rules, introduces confidentiality clause

Sebi will not settle proceeding in case the alleged default has market wide impact, caused losses to a large number of investors, or affected integrity of the market
Source: LM

A Wall Street rule for the #MeToo era: Avoid women at all cost

No more dinners with female colleagues. Don’t sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings
Source: LM