Mumbai

IDFC Bank eyes Capital First; shares fly

After calling off its merger plans with Shriram Group, IDFC Bank is believed to be in exploratory talks to acquire Capital First, a non-banking finance company. Speculation is also rife that there is a possibility of IDFC Group looking at merging IDFC Ltd and IDFC Bank. Both businesses had demerged earlier on October 5, 2015.

Amid rumours ahead of IDFC Bank board meeting on January 19, its share price on Monday surged 8.76 per cent on BSE. IDFC Ltd rose 3.34 per cent.

Change in reporting methodology may hit MF performance

Mutual funds are faced with a tougher performance yardstick from next month, after the Sebi has asked them to adopt the Total Returns Index (TRI) method to compare a scheme’s performance with its benchmark index.

Bizmen deny tax evasion claims

Even as government suspects considerable tax evasion under GST, small manufacturers and traders blame faulty implementation of the new tax regime, forcing many of them to avoid a legitimate way of doing business in the new indirect tax structure.

A Stock market scam is waiting to be unearthed

Is India market a speculators’ den? It seems so. An analysis shows that 95 per cent of transactions in the Indian market is speculative as only less than 5 per cent of the total trades on bourses are ending up in actual delivery of stocks.

Better Q3 Numbers Seen for Key Sectors

The dynamics of the equity market is largely determined by corporate earnings. And the December quarter earnings season is set to kick off now, with top software exporters announcing their numbers in the coming fortnight.

India Inc’s Q3 performance is expected to show signs of improvement with the ill-effects of GST implementation coming down and better demand conditions prevailing in urban and rural markets on the back of an early festive season and improved consumer demand.

3.2% fiscal deficit goal likely for FY19

A fiscal slippage in FY18 will likely result in the government opting to go for a wider gap for 2018-19 in the upcoming budget, according to foreign lender DBS on Thursday.

The fiscal deficit number for 2017-18 will come at 3.5 per cent against the targeted 3.2 per cent of the GDP (gro­ss domestic product) and it will result in the government opting to settle for a target of 3.2-3.3 per cent rather than the 3 per cent under the fiscal consolidation roadmap.

Budget likely to focus on rural economy, say experts

As the NDA government gets ready to present its last full budget, the market players have started placing bets on the stocks and sectors that are likely to be impacted by the Union budget. All eyes are now on the first post-GST budget which is likely be presented on February 1, 2018. “The next budget is expected to be focused on improving the rural economy and would be an ideal opportunity for the government to set its road map for alleviating rural distress,” said Arun Thukral, managing director, Axis Securities.

Better Q3 Numbers Seen for Key Sectors

The dynamics of the equity market is largely determined by corporate earnings. And the December quarter earnings season is set to kick off now, with top software exporters announcing their numbers in the coming fortnight.

India Inc’s Q3 performance is expected to show signs of improvement with the ill-effects of GST implementation coming down and better demand conditions prevailing in urban and rural markets on the back of an early festive season and improved consumer demand.

Equity indices hit record high for third day in a row

The global equity market touched a record high as stocks gained for a third straight day in the New Year.

The FTSE All World index rose 1.7 per cent in the New Year, extending the 2017 gain of 22 per cent, while the Dow Jones Industrial Average rose above 25,000 mark and S&P 500 made further gains.

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