Rupee to stay under pressure

Increasing trade friction between the US and China would continue to send jitters towards emerging market economies and in turn add further pressure on the Indian rupee.

The rupee had depreciated to a 19-month low against the dollar from Rs 68.63 on June 27 to Rs 68.79 on June 28 after breaching the Rs 69 mark earlier during the day.

Hotels look to tap equity market

After a long lull this year hotel chains are lining up at the capital market regulator’s office to file their draft red herring prospectus for initial public offerings (IPO).

After the listing of Lemon Tree Hotels earlier this year two more hotel chains are planning to raise money through IPOs. The companies are K Raheja-promoted Chalet Hotels and Bharat Hotels, which owns The Lalit brand hotels.

Is govt planning to go soft on defaulters?

Union minister Nitin Gadkari on Monday warned that taking action against every defaulting entrepreneur will chill economic activity and the country will be left with no people willing to take business risks.

Poor show by mid, small cap stocks takes sheen out of PMS

The meltdown in the mid and small cap segments has taken the sheen out of the portfolio management schemes (PMS) as they have hugely underperformed the market in the current year.

An analysis shows most of the prominent portfolio managers have given negative returns ranging from 3-25 per cent in 2018, while the benchmark indices like the Sensex and Nifty have gained 3.5 per cent in the same period.

Market May Continue Trend Of Bouncing In July On Monsoon Prospects

The equity market every year has bounced in July from June lows, shows a study of the Nifty 50 data for the period between 2006 and 2017. Will the trend continue in 2018? Experts feel it would.

 There is going to be a V shape recovery, analysts said. After logging losses on Wednesday and Thursday last week due to June series future & options expiry, Nifty 50 recorded over 125-point gain on Friday, taking it upward from June low of 10,550.90 to Friday’s close at 10,714.30.

Plane crashes in Mumbai suburb; 5 killed, 3 hurt

Five persons were killed when a 12-seater aircraft crashed in a crowded Mumbai suburb on Thursday, the second air mishap in Maharashtra in as many days.  The police identified the crash victims as pilots Maria Zuberi, 48, and Pradeep Rajput, engineer Surabhi Brijeshkumar Gupta, 34, technician Manish Tejpal Pande, 21 and pedestrian Govind Pandit.

Rupee plunges to record low of 69.09; RBI steps in

The rupee plunged to its all-time of low of 69.09 against the US dollar in early trade on Thursday. Forex dealers attributed the fall in domestic currency to rising crude prices, weakness in yuan and increasing global trade tensions. Economist said the rupee’s fall is not as serious as 2013 crisis as forex reserves are strong today.

Individual holdings in mutual funds rising

RBI’s financial stability report has lauded the systematic investment plan (SIP) method of investing in mutual funds (MFs), rural penetration and increasing individual holdings of MF investments.

“Investments through SIPs in MFs and wider geographical diversity of MF holdings is conducive for both growth and stability of the industry,” RBI said.

NPA scenario can worsen, warns RBI

The Reserve Bank of India (RBI) on Tuesday warned that the bad loan situation of banks could worsen under the current macro economic conditions. The gross non-performing asset ratio of scheduled commercial banks could rise up to 12.2 per cent by March 2019 from 11.6 per cent in March 2018, according to the financial stability report released by the RBI. The estimate is based on a baseline scenario, which assumes continuation of the current economic situation.