11843 stories by IPA Staff
PM Modi’s ‘Political Call’ to Open Vaccination for All and Scale Down Bengal Campaign
Monday was a day of big political calls taken by Prime Minister Narendra Modi as he decided to open up vaccination for all adults from May 1 in the private sector and drastically reduced the scale of his own and BJP’s campaign in West Bengal. Even till a few...
HDFC Bank Rating: Buy – HDFC Bank Rating: A commendable performance by firm
A man walks towards an HDFC Bank Ltd. branch in Mumbai, India, on Saturday, April 21, 2018. HDFC is scheduled to announce fourth-quarter earnings on April 30. Photographer: Dhiraj Singh/Bloomberg HDFC Bank concluded FY21 – a year of pandemic and business disruption – with 19% earnings growth (almost similar...
Sensex, Nifty End Marginally Higher After Choppy Trade Amid Second Covid Wave Concerns
Equity benchmarks Sensex and Nifty ended marginally higher on Tuesday, tracking high volatility amid concerns over the economic impact of the second wave of coronavirus infections in the country. After swinging around 646 points during the day, the 30-share BSE Sensex settled 42.07 points or 0.09 per cent higher...
Materials (Steel): Cyclical revival for electrode makers
Capacity utilisation at 75-85% over FY22-24. Needle coke at $2.3K/MT over FY22-24. Graphite electrodes are used to produce steel via EAF – a lower carbon emission route. We foresee higher adoption of EAF (esp in Asia) as a structural tailwind for Electrode demand. Also, uptick in capacity utilisation and...
India to Buy One-third Less Oil from Saudi Arabia
Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) and three other refiners have sought just 65...
Reiterate ‘buy’ on Embassy REIT, Oberoi Realty, DLF
REITs have emerged as a potent asset monetisation tool. With three REIT listings in India, the door has opened for more potential REIT listings from FY22E onwards. Along expected lines, the Indian Commercial Real Estate (CRE) office market has seen a 47% YoY decline in Q1CY21 (January-March’21) net absorption...
Andhra Pradesh CM’s Sister YS Sharmila Likely to Announce Her Party Today
YS Sharmila, sister of Andhra Pradesh CM Jagan Mohan Reddy, is likely to announce her party in a public meeting today evening. Sharmila is going to make the announcement in Khammam in presence of her mother YS Vijayamma. She is gearing up to contest 2023 assembly elections, sources said....
Adani Group Becomes 3rd Indian Conglomerate to Cross $100 Bn in M-cap
Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross $ 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading...
HomeFirst: Initiate coverage with ‘buy’; target price Rs 625
Omni-channel lead generation drives sourcing at effective cost – it utilises diverse range of channels including connectors (~65%), affordable housing developer ecosystem (20%), branch (7%) marketing (5%) etc. Home First Finance (HomeFirst), an affordable housing financier (AHF) with AUM of `39 billion and focus on salaried housing loans, has...
IMF Projects India’s Growth Rate to Jump to 12.5% in 2021 after Jittery Year amid Pandemic
IMF expects India’s GDP growth at 12.5% in 2021. It has projected the global economy to grow at six per cent in 2021 and 4.4% in 2022. The nation is set to regain tag of fastest growing economy. The Washington-based global financial institution, in its annual World Economic Outlook...
Cross border electricity trade begins in spot markets
“We have a unique opportunity to lead the regional power market development and make efforts towards enhancing the energy access and security amongst the neighbouring nations in the region,” S N Goel, chairman and managing director, IEX said. The Indian Energy Exchange (IEX) on Monday said it has commenced...
Unnao Rape Convict Kuldeep Singh Sengar’s Wife to Contest on BJP Ticket
Bharatiya Janata Party (BJP) declared its list of panchayat poll candidates for five districts that included Sangeeta Sengar, wife of former BJP MLA Kuldeep Singh Sengar who has been convicted in a rape case of a minor. Sangeeta was the Zila Panchayat Chairperson of Unnao from 2016 to 2021...
Top Stocks For Investors on April 19
The stock market on Friday, April 16, gave a flat ending. This was a positive closing for the third consecutive day. However, the indices on Monday, April 19, are expected to open lower as the SGX Nifty was trading at 165.50 points or 1.13 percent down at 14,476.00 at...
Priyanka Gandhi Bats for Online Exams, Says CBSE Irresponsible to Force Students to Take Exams
File photo of Congress leader Priyanka Gandhi Vadra. The Class 10 exams would be held between May 4 and June 7 and those for Class 12 would be held between May 4 and June 15. PTI New Delhi Last Updated:April 09, 2021, 11:46 IST FOLLOW US ON: Congress general...
Rupee Slumps 52 Paise to 74.87 Against US Dollar in Early Trade
The Indian rupee slumped 52 paise to 74.87 against the US dollar in opening trade on Monday, amid fears that a rapid resurgence of COVID-19 cases in the country could disrupt the economic recovery. Besides, the heavy selloff in domestic equities also weighed on investor sentiment. At the interbank...
EC Notice to Mamata Banerjee Over Remark on Central Armed Forces
The Election Commission (EC) has issued a notice to West Bengal Chief Minister and Trinamool Congress leader Mamata Banerjee for her alleged statements against central armed police forces deputed on election duty in the state. The notice issued on Thursday night said Banerjee prima facie violated various sections of...
Oil Drops as Surging Covid-19 Infections Stoke Demand Concerns
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was down 23 cents, or 0.3%, at $66.54 a barrel by...
No More Big Rallies in WB, Says BJP; Public Meetings by PM Modi, Other Leaders Capped at 500 People
Amid rising cases of Covid-19 across the country, the Bharatiya Janata Party (BJP) on Monday announced that it will not hold any big rally or road show in poll-bound West Bengal with immediate effect. The decision by the saffron party comes days before of the end of campaigning for...
