Mumbai

Debt market to remain volatile due to slew of factors

India’s sovereign bonds are expected to remain volatile this week, tracking the movement in global treasury yields, and rise in Brent prices. In addition, a slew of bond market participants anticipate the Reserve Bank of India to intervene in the market, a rarity as yields are set to inch to its highest level in almost three years.

Smart cities on fast track

A string of smart cities in the mega Delhi Mumbai Industrial Corridor (DMIC) project is likely to drive urbanisation even as the planned smart cities in the first phase have sailed past the approval and planning stages and are now having the trunk infrastructure laid out.

Each of the smart city projects— Dholera in Gujarat, Aurangabad Industrial City (AURIC) in Maharashtra, Vikram Udyogpuri in MP and Integrated Industrial Township Greater Noida (IITGNL) in UP —is being implemented by a special purpose vehicle (SPV) formed between state and central governments.

97% Indian travellers eye ‘sustainable’ tourism in 2018

About 97 per cent Indian tourists are looking forward to travel ‘sustainably’ during their holidays to have an enriching experience and for this they will not mind doling out extra money, says a report. A sustainable touri­sm implies that neither the natural environment nor the socio-cultural fabric of tou­rist destinations is impacted by the arrival of tourists.

LIC makes a killing, books profit, raises stake in Sensex firms

The Life Insurance Corporation (LIC) of India, country’s largest investor in the equity market, booked profit in blue chip Sensex companies as the benchmark index rose to all-time high of 36,443.98 in the January-March quarter.

LIC also raised its stake in other Sensex companies that were available at attractive prices, according to LIC shareholding in Q4FY18 compared with the previous quarter as disclosed by Sensex companies to the bourses.

Hitachi buys stake in MGRM Net to focus on e-governance projects

Hitachi India has picked up stake in MGRM Net Ltd, a company involved in the IT service business in India as part of its efforts to expand its Social Innovation Business using digital technologies.

Consequent to the acquisition, the name of the company would be changed to Hitachi MGRM Net. 

Cash crunch superficial & seasonal?

A day after claiming that there was a Rs 70,000-crore cash shortfall in the system, SBI Reseach on Thursday termed the ongoing shortage in cash supplies as "superficial", citing a decline in cash withdrawals from ATMs in the March quarter over the previous quarter.

Defence stocks start rising after Expo boost

After tepid listing, defence public sector undertakings Mishra Dhatu Nigam, and Bharat Dynamics and Hindustan Aeronautics their shares rally on the back of deals struck at the recent Defence Expo in Chennai.

Mishra Dhatu Nigam gained 9.98 per cent on Thursday on the BSE to close at Rs 168.60. The stock hit the upper circuit early morning trade and was locked in the upper circuit for the rest of the trading session.

The Midhani stock has gained 87.33 per cent after it listed almost flat at the initial public offering price of Rs 90 per share on April 4, 2018.

TCS Q4 net profit up 5.7% to Rs 6,904 crore

The country’s largest software firm, TCS, on Thursday beat the street expectations by posting its highest-ever incremental dollar growth for the fourth quarter even as the company rewarded investors with a 1:1 bonus issue and a final dividend of Rs 29 per share.

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