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News Live: BJP releases 1st list of 70 candidates for Gujarat Assembly polls

2017-11-17 moneycontrol
Ace investor, Rakesh Jhunjhunwala, Partner, Rare Enterprises said the ratings upgrade by Moody’s earlier on Friday did not come as a surprise for him but, it could be for those who were criticising efforts made by the Modi government to revive the economy. “I see the economy growing by 7.5-8% by next year. Most importantly, it is a recognition of the fact that however disruptive in the short term the measures were, all the actions which the government took were correct, bold and required,” he said. (12-0)

News Live: It is encouraging to see international recognition on reforms, Jaitley on Moody’s upgrade

2017-11-17 moneycontrol
Ace investor, Rakesh Jhunjhunwala, Partner, Rare Enterprises said the ratings upgrade by Moody’s earlier on Friday did not come as a surprise for him but, it could be for those who were criticising efforts made by the Modi government to revive the economy. “I see the economy growing by 7.5-8% by next year. Most importantly, it is a recognition of the fact that however disruptive in the short term the measures were, all the actions which the government took were correct, bold and required,” he said. (12-0)

Sensex zooms 414 points after Moody’s ups India rating

2017-11-17 freepressjournal.in
Mumbai: The BSE Sensex today skyrocketed 414 points to 33,521 and the NSE Nifty raced past 10,300 as banking stocks led a solid rally after Moody’s upgraded India’s sovereign credit rating. (50-0)

News Live: United Spirits seeks to recover Rs 1.8k cr from United Breweries, says report

2017-11-17 moneycontrol
In an arbitration case fought between Diageo owned United Spirits (USL) and United Breweries Holdings (UBHL), the former had claimed a recovery of around Rs 1,800 crore including interest from Vijay Mallya’s holding company after it defaulted between 2010 and 2013, sources told The Economic Times. The ongoing arbitration in Bengaluru, which was to be concluded in few months, has now been extended by six months. (14-0)

News Live: Sebi to investigate possible leak of company earnings

2017-11-17 moneycontrol
The Securities and Exchange Board of India (Sebi) will investigate possible leaks of company earnings in social media chatrooms, its chief Ajay Tyagi said on Friday. A Reuters investigation documented at least 12 cases of prescient messages about major Indian companies being posted in private WhatsApp groups. “We will certainly investigate the issue. It is a work in progress,” Tyagi, Chairman of Sebi, said when asked what action the regulator was considering. (12-0)

News Live: RBI likely to list 50 more bad loan accounts

2017-11-17 moneycontrol
The Reserve Bank of India (RBI) may come out with a list of 50 more bad loan accounts, including the accounts which are close to being termed as stressed accounts, reports the Economic Times. The central bank is likely to set March 31, next year, as the deadline for the banks to resolve the issue or go ahead with bankruptcy proceedings against the borrowers, a finance ministry official said. The new list will be clubbed with the earlier identified bad loan accounts, including the ones where bankruptcy procedures are in the process. (12-0)

News Live: Coal India may increase prices to meet rise in wage costs, says report

2017-11-17 moneycontrol
Coal India is considering raising prices to meet the cost of the 20% wage hike, reports The Economic Times. It last raised prices by 10% in May last year. “Unless coal prices are hiked it would be very difficult to attain a decent profit this fiscal,” a senior company executive said. He said the wage bill puts an additional burden Rs 5,800 crore annually, and another Rs 9,500 crore needs to be spent on expansion. (12-0)

Bargain hunting lifts Sensex 346 pts after 3-day loss; RIL, Infosys, PSU Banks lead

2017-11-16 moneycontrol
The market staged smart come back on Thursday after three-day of losses, rallying one percent driven by banks, technology, energy and FMCG stocks. Bargain hunting in bluechips, easing crude oil prices and positive global cues pushed benchmark indices higher. (23-0)

New India Assurance stock up 3% on strong Sept quarter earnings

2017-11-16 thehindubusinessline
Shares of state-owned New India Assurance today went up as much as 3 per cent to touch an early high of Rs 703 as the company posted robust September quarter earnings. (5-0)

Market Live: Sensex rebounds 100 pts, Nifty reclaims 10,150; Bharti Infra up 2%

2017-11-16 moneycontrol
9:55 am Pre-opening: 5paisa Capital, the subsidiary of IIFL Holdings, has settled at Rs 400 per share in pre-opening trade on NSE. (29-0)

Sensex rises 142 points; RIL, Tata Motors top gainers

2017-11-16 thehindubusinessline
The Sensex and the Nifty opened higher on Thursday led by buying in stocks of telecom, energy, capital goods and oil and gas sectors. (12-0)

CIL, Railways load record 250 rakes

2017-11-15 thehindubusinessline
Coal India and Indian Railways have jointly succeeded in loading 250 coal rakes on November 14. This is an all-time high achievement for the month of November, according to an official statement. Of these rakes, 223 rakes were exclusively loaded for thermal power stations. CIL and Railways are now aiming to load 266 coal rakes a day in November. Normally, loading at such levels are attained from late December when the onset of favourable environment helps in ramping up coal production. (5-0)

Broker's call: Coal India (Buy)

2017-11-14 thehindubusinessline
Coal India’s second quarter FY18 results were below estimates (EBITDA at ₹619 crore vs estimated ₹1,465 crore. The miss was mainly driven by higher employee expenses (₹9,155 crore, which also included a provision of ₹2,300 crore towards wage settlement, finalised in October 2017. (5-0)

Cool weather eases pressure on coal stock shortage

2017-11-14 moneycontrol
Due to the rising electricity demands and excess rainfall a few months back, the coal sector has been witnessing a supply shortage. However, now, according to Business Standard, the pleasant weather is lowering the electricity demand and in turn, demand for coal. (5-0)

Sensex, Nifty fall in initial trade

2017-11-14 thehindubusinessline
Indian share indices, the Sensex and the Nifty, opened lower on Tuesday tracking weak Asian cues. (8-0)