Tata Consultancy Services’ market valuation crosses Rs 13.5 lakh cr

2019年11月26日 0 Comments

The market capitalisation of Tata Consultancy Services (TCS) on Wednesday breached the Rs 13.5 lakh crore mark – the second company after Reliance Industries Ltd to achieve the feat. At close of trade, the market valuation of TCS stood at Rs 13,53,667.85 crore on BSE. The company had touched the Rs 13 lakh crore valuation level on August 17, when its market capitalisation (m-cap) stood at Rs 13,14,051.01 crore. On BSE, the scrip on Wednesday opened at Rs 3,612.8 and zoomed nearly 2.35 per cent to its 52-week high value of Rs 3,697. It finally ended at Rs 3,659.5, up 1.31 per cent over the previous close. It was also the biggest gainer in the Sensex 30 pack on Wednesday. In terms of volume, 70,000 scrips were traded on BSE during the day. Similarly on NSE, the scrip opened a positive note at Rs 3,610 and climbed to its 52-week high of Rs 3,697.75. It finished at Rs 3,665, 1.43 per cent above the previous close. A total of over 21.23 lakh shares changed hands on NSE during the session. TCS is the second most valuable domestic firm after Reliance Industries Ltd, whose m-cap stood at Rs 13,96,135.56 crore. On Tuesday, Infosys had become the fourth Indian company to touch a market valuation of USD 100 billion (Rs 7.4 lakh crore), after TCS, Reliance Industries and HDFC Bank. With this, two out of the four companies to have crossed the USD 100 billion mark are IT firms. In the ranking of top 10 domestic companies by m-cap, Reliance Industries is at the number one spot, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Wipro.

EAM briefs all parties on the critical situation in Afghanistan; India has evacuated 565 people

2019年11月26日 0 Comments

Amidst the growing violence and uncertainty in Afghanistan, External Affairs Minister S Jaishankar briefed an all party meeting on the evacuation operations being carried out by India in Afghanistan. The meeting was called by the Centre to discuss the prevailing situation which was extremely critical and the efforts being made to evacuate as many as possible. The minister tweeted that he had briefed the Floor Leaders of all political parties on the situation in Afghanistan, which was attended by 37 leaders from 31 parties. During the all party briefing at the Parliament House Annexe, Union minister and Leader of the House in the Rajya Sabha Piyush Goyal and Parliamentary Affairs Minister Pralhad Joshi were present. Also present were the Indian ambassador to Afghanistan Rudrendra Tandon and Foreign Secretary Harsh Shringla. On Thursday, August 26, another 35 people were evacuated from Afghanistan, however according to reports a group of 140 Afghan Sikhs and Hindu pilgrims who were to arrive in Delhi today have been denied access to Hamid Karzai International Airport by the Taliban. They were part of an annual pilgrimage tour to attend the celebrations organized to commemorate the 400th Birth Anniversary of Guru Tegh Bahadur. The Taliban has failed to keep their word which they gave in Doha at the time of finalizing the peace treaty. And, now, India has adopted a wait and watch policy, over the situation in Afghanistan. Sources have confirmed to Financial Express Online that during the briefing, external affairs minister S Jaishankar listed pre-emptive measures taken like temporary withdrawal of the India-based personnel from the Indian Consulates in Herat Jalalabad (April 2020), scaling down of India Embassy (June 2021),Evacuation from Kandahar, Mazar-e-Sharif (August 10-11), as well issuing of Security Advisories. The minister also listed out India What are the immediate measures taken? As has been reported earlier, the Ministry of External Affairs has set up a Special Afghanistan Cell on August 16 which is operational 24×7 and is manned by 20 young Indian Foreign Service Officers. The cell helps in coordinating repatriation and other requests from Afghanistan in a streamlined manner. Till date around 3014 calls have been attended; 7826 WhatsApp messages responded to; and 3101 emails answered. India has also announced an e-Visa system for the Afghan nationals. So far India has evacuated a total of 565 people. These people have come on special Indian Air Force (IAF) flights as well as commercial flights – Embassy Personnel: 175; Indian Nationals: 263; Afghan Nationals including Hindus and Sikhs: 112; Third Country Nationals: 15. The government has also helped in the evacuation of Indians by other agencies as well. Challenges faced during these operations According to sources, there were frequent firing incidents inside Kabul as well as near the airport. There are multiple checkpoints by various groups, over flight clearances from relevant countries, coordination on ground, delays in landing permission, and mostly issues at the airport. Soon after the fall of the West backed elected government led by Ashraf Ghani collapsed, India started a massive evacuation which was coordinated by the MEA.

FDI equity inflows up 168% to $17.57 billion during April-June 2021-22

2019年11月26日 0 Comments

Foreign direct investment (FDI) into the country rose by more than twofold to USD 17.57 billion during April-June this fiscal on account of measures such as policy reforms and ease of doing business, an official statement said on Saturday. Total FDI inflow rose to USD 22.53 billion during the first three months of 2021-22 as against USD 11.84 billion in the same period of the last year, it said. Total FDI comprises equity inflows, reinvested earnings and other capital. FDI equity inflow grew by 168 per cent in the first three months of 2021-22 (USD 17.57 billion) compared to the year ago period (USD 6.56 billion), it said. The data showed that the automobile industry has emerged as the top sector during the period under review with 27 per cent share of the total FDI equity inflows. It was followed by computer software and hardware (17 per cent) and services Sector (11 per cent). Further, Karnataka is the top recipient state during April-June 2021, with 48 per cent share of the total FDI equity inflows. It was followed by Maharashtra (23 per cent) and Delhi (11 per cent). Measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased foreign inflows into the country, the commerce and industry ministry said. The FDI trends are an endorsement of Indias status as a preferred investment destination amongst global investors, it added.

Nishad Kumar wins men’s high jump silver in Paralympics

2019年11月26日 0 Comments

Indias Nishad Kumar clinched a silver medal in the mens high jump T47 event in the Paralympics with an Asian record effort here on Sunday. The 21-year-old Kumar cleared 2.06m to win the silver and set an Asian record. American Dallas Wise was also awarded a silver as he and Kumar cleared the same height of 2.06m. Another American, Roderick Townsend, won the gold with a world record jump of 2.15m. Another Indian in the fray, Ram Pal finished fifth with a best jump of 1.94m. T47 class is meant for athletes with a unilateral upper limb impairment resulting in some loss of function at the shoulder, elbow and wrist. Hailing from Una in Himachal Preadeh, Kumar met with an accident at the age of eight that resulted in the loss of his right hand. He also contracted COVID-19 earlier this year while training at the SAI Centre in Bengaluru. Absolutely delighted that Nishad Kumar wins the Silver medal in Mens High Jump T47. He is a remarkable athlete with outstanding skills and tenacity. Congratulations to him, tweeted Prime Minister Narendra Modi. Kumar had won a gold medal in the mens high jump T46\/47 event at the Fazza World Para Athletics Grand Prix in Dubai earlier this year. He began competing in para athletics in 2009. This was Indias second medal of the Games after Bhavinaben Patel won a silver in womens singles table tennis class 4 event earlier in the day. Patel became only the second Indian woman to win a medal at the Games following a 0-3 loss to world number one Chinese paddler Ying Zhou in the final.

Got a job? Know how to invest in your 20s to be really wealthy in your 30s

2019年11月26日 0 Comments

When we are in our early 20s, most of us are actually growing into an adult. While is it is nice to be growing, it is also the time when many of us enter the job market with a realization that we have to work seriously and earn to pay the bills and live the kind of life we desire. The early 20s is also the period when by taking a few smart steps, you can ensure to be wealthy in your 30s and beyond. You can make this possible by making your money work for you by following a smart investment strategy in a disciplined way. When you are in your early 20s, you must have heard that time is on your side and your money can compound. Actually, what happens is that if you start investing at the age of 20 and invest till the age of 55, the final corpus will be much larger than what you may get if investing from the age of 25 because of the power of compounding. Initially, you wont see a lot. But if you start investing early, you will see amazing returns, due to compounding at a later age. ALSO READ | The rising cost of luxury: Prices of expensive homes, cars, goods compared to 2010 levels You will be surprised to know that even Warren Buffet started investing when he was 11 years old. Currently, he has a net worth of around 103 billion dollars. Interestingly, around 100 out of the 103 billion dollars came after Warren Buffets 65th birthday! Now, you may be thinking about how to start investing, how much to invest and where to invest. Thanks to several apps, investing is as easy as playing a game on a smartphone these days. But to know how much should you invest, the trick is as much as you can. The more the better! How much to invest The first thing you need to do is save as much as you can to invest. For this, you can divide your income into three categories – Needs, Wants, and Savings. Dedicate a fixed percentage of your income towards savings. The Thumb rule is 50:30:20 i.e. 50% for needs, 30% for wants, and 20% for savings. But now that many of you are living in your homes due to work from home, you may afford to dedicate a larger part of your income to savings. If you dedicate a fixed amount to saving, you will be disciplined. And, you need to be disciplined in your 20s for better returns at a later age. The saving you want to do every month should be a realistic number. You should optimize it. Spend but not splurge! Before investing First, It is not right to immediately start investing. Instead, you should clear off your debts (credit card dues, loans, etc.) as these make you pay very high interests. Second, ensure you have your life and health insurance. Insurance covers are necessary to meet unexpected emergencies. Third, have an emergency fund. This can be equal to 3-6 months of salary expenses. An emergency fund can also be created along with investing. Fourth, invest in yourself. Learn new skills or buy new equipment that may help you do earn more. Where to invest There are three options: Equity, Debt, and Alternative investment Equity investment can be done via direct stocks or mutual funds. Investing in direct stocks is very cumbersome and tricky. For starters, an equity mutual fund is an easy option for investing in equities. There are two types of MFs: 1. Passive Funds (index funds) 2. Active Funds Investing passively means the mutual fund manager does not have to put his brain. Here, the manager will blindly copy all the indexes and you may get a return that is at least equivalent to returns of the market. Starting SIP in index funds is a very good first step as the return is equivalent to the market. It is good for starters. You can start investing in other funds when you start knowing more about them. With an index fund, you cant go very wrong in selecting also. ALSO READ | Equity Mutual Fund: Here So it is not advisable to put all the money in index funds. In active investing, the mutual fund manager puts in his brain. But you need to do some research to find the best funds to invest. How to select a good mutual fund You need to check the factsheet of the mutual fund to know about Past History Expense Ratio (1.3-1.5%, it should not be more than that) Asset Under Management (Large AUM means the fund can be assumed to be more safe) Fund managers profile – Check his ideology, track record Companies in the MF – Check all the companies and industries in which the fund is investing. Debt Debt investing can be done Directly. But it is not advisable for retail investors. It is better to invest in Debt mutual funds. It is also good if you are investing for less than five years and to get the overall risk of the portfolio down. A debt mutual fund is something in which you should look for investing for less than 5 years. Types of debt fund – Ultra short term\/liquid fund (less than a year – Short term: 1-3 yers – Medium: 3-5 years – Long term: 5+ years While investing in a debt mutual fund, it is important to ensure that the time horizon you have, your debt fund should have the same time horizon. How to select debt MF You should not chase excessive returns Check fund managers history of 10 years Check quality – 70%, minimum A rated Check where the money is invested – PSU, corporate. Check brand name Check Asset under management The thumb tule for investing in debt is that it should be equal to your age, But depending on your risk appetite, you can increase or decrease it. Initially, you should select 1-2 good mutual funds, select one 1 good debt mutual fund and start investing. Ideally, you should keep your investment as simple as possible and disciplined for truly benefitting from the power of compounding. Alternative options The alternative investment options are Gold, cryptocurrency, REITs, foreign stocks, etc. All of these have varied risks and benefits. You should be aware of them before investing. Your investment in alternative options would be around 10-20% of your portfolio. Tax-saving For tax-saving, you can invest in options like PPF, NSS, ELSS, 5-year Fixed Deposit etc. (The above is based on a session by personal finance expert Anushka Rathod during Thrive by Groww- Retail Investor Summit on 15th August 2021. The views and suggestions mentioned above are those of the panelist. You should consult your financial advisor for making investment decisions.)

Publicis Groupe appoints Varun Shah as EVP and head of Prodigious India and Content Factory India

2019年11月26日 0 Comments

Publicis Groupe has consolidated its content production arm under Varun Shah and appoints him as executive vice president and head of Prodigious India and Content Factory India. The Groupe has also elevated Akshay Multani to executive producer, Prodigious and appointed Deepak Bulchandani as head of brand partnerships at Content Factory. According to Anupriya Acharya, CEO, Publicis Groupe, South Asia, Varun has been instrumental in growing the Prodigious India capabilities and under his leadership the company has witnessed phenomenal growth over the past few years. I am confident that Varun will take Prodigious and Content factory to newer heights, The new structure provides a platform to create volume content solutions for our clients across all content types and will help fuel our growth in the platform world. This consolidation will help us streamline our efforts by creating a production model which drives efficiency while delivering world class branded content across media to our partners, He further added that Prodigious India and Content Factory are both distinctive brands with a wide range of capabilities. Read Also: Beauty e-commerce platforms and brands take the next step towards digital transformation; posts a rise in sales Follow us onTwitter,Instagram,LinkedIn,Facebook

Schools in Delhi reopen amid strict COVID-19 safety guidelines

2019年11月26日 0 Comments

Wearing masks and carrying umbrellas as heavy rains lashed Delhi, students of classes 9-12 returned to schools after they reopened on Wednesday following a long hiatus due to COVID-19. Some institutions, however, chose to adopt a wait-and-watch approach and have decided to call children for physical classroom studies only after a few weeks. Following a marked improvement in the Covid situation in the national capital, the Delhi government on Friday had announced that schools for classes 9 to 12, colleges and coaching institutions would reopen from September 1. It had clarified that no student would be forced to attend physical classes and the consent of parents would be mandatory. I am excited on meeting my friends, a Delhi government school student from east Delhi said, adding that with COVID-19 still around, everybody has to take precautions. This is the new normal and we will have to adjust, the student said. Though it has allowed institutions to open, the Delhi Disaster Management Authority (DDMA) has notified several safety guidelines. Allowing only 50 per cent students per classroom, mandatory thermal screening, staggered lunch breaks, alternate seating arrangement and avoiding routine guest visits are among the guidelines announced by the DDMA for reopening of schools. The DDMA has said students, teachers and non-teaching staff living in Covid containment zones will not be allowed to come to schools and colleges. Physical classes are better than online classes. There is of course a fear of the virus but I hope that we can follow the appropriate norms and keep the virus at bay, a government school student from Dwarka said. Mount Carmel School in Dwarka does not plan to reopen for at least a month as its entire staff is not completely vaccinated, and has decided to continue with online learning. We are not prepared to open our school right now. They havent started vaccinating children and all my staff is not vaccinated. We are still in the middle of a pandemic. We are not going to take a chance, Dean, Mount Carmel School, Michael Williams, said. It is being said that Zydus-Cadila has launched its vaccine for 12 to 18 year olds. I think it is much smarter to wait for another two months. We have waited for long and we can wait some more, he added. Modern Public School, Shalimar Bagh, reopened on Wednesday, but it is not providing buses for students as a precaution against COVID-19. While the government has noted that vaccination centres and activities like ration distribution which were going on in different schools will continue, the DDMA said the area being used for these activities should be separated from the area which will be used for academic activities.

Nifty upside may be capped at 16950-17000, Bank Nifty at 36300-36400; Buy these 3 stocks for gains

2019年11月19日 0 Comments

By Rohan Patil Nifty 50 broke its narrow range candlestick consolidation on 27th Aug 2021 and registered its lifetime high of 16722.05 levels. Nifty has also whipsawed its bearish dark cloud cover pattern which was formed on August 18, indicating bulls are having the upper hand in the current scenario. From the last few trading sessions market breadth is in the favor of the bulls. In terms of ratio on every two positive closings, there is one negative closing that indicates a 2:1 ratio. The index is closely trading above its 21-day exponential moving average on the daily interval. We have also spotted a bullish hidden divergence in the RSI (14) where prices did not register a new intermediate low but RSI formed a new low near 65 levels on the daily interval. Nifty closed well above the 16600 level which is an optimistic start to the September series. The upside resistance is likely to be capped near 16950 For now, the support level for the Nifty stands at 16400 70 per cent higher from its previous week Prices are trading within the rectangle pattern on the daily time frame and have been able to close above their 21 50-day exponential moving averages. Bank Nifty has continuously underperformed the Benchmark index on all the time frames which is visible of relative strength (RS) indicator. The majority of the indicators oscillator has indicated a negative trend for the banking index. The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, chair Jerome Powell said Fridays, signaling the beginning of the end of the Feds extraordinary response to the pandemic recession. Momentum oscillator RSI (14) has flattened out near the 55 The upside resistance is likely to be capped near 36300 – 36400 levels. For now, the support level for the Bank Nifty stands at 34800 Stocks to buy HDFC BANK: BUY CMP: Rs 1548.45 Target RS 1635 | Stop Loss Rs 1500 | Return 05.62% The prices were trading in a symmetrical triangle formation for the past four months and have formed a trend line resistance at 1530 levels. HDFC BANK has broken out of a symmetrical triangle pattern at 1558 levels on 24th Aug and the prices have registered a decisive breakout that suggests a change in the trend from sideways to upside. Stock is trading above its 21, 50 100- day exponential moving averages on daily time frame, which is positive for the prices in the near term. MACD indicator is reading above its centerline with positive crossover above its signal line. ABB INDIA: BUY CMP: Rs 1850 Target Rs 2050 | Stop Loss Rs 1790 | Return 11% A swing trade setup is visible for ABB India Ltd. The stock can give up to 11 % returns. It has given a multi-year breakout and the momentum is likely to continue. The price setup looks promising with a big green candle coupled with impressive volumes. On the front of the indicator, MACD has shown a positive crossover on daily charts and ADX is showing a reading of 22 with a rising trend. The counter has likely to complete its accumulation phrase near its horizontal trend line support on the weekly scale. RSI (14) on the daily chart is reading near 67 levels indicates stock still has a lot of potentials to move ahead. BRITANNIA: BUY CMP: Rs 3941 Target Rs 4220 | Stop Loss Rs 3783 | Return 07% BRITANNIA registered its low of Rs 2100 on March 20 and prices witnessed a sharp reversal and gave a return of 90 percent in just four months and made a high of 4010 on 24th July 20. And post that counter consolidated in a falling channel pattern on the weekly scale. Last weeks prices have given a breakout of a one-year-long consolidation pattern and tested its 52-week high of Rs. 3967.50. The Nifty FMCG index itself has given a breakout of eight weeks conjunction zone indicates FMCG index is likely to lead from the front. On the daily chart, the stock has formed a W pattern after forming a double bottom pattern around the Rs. 3400 level, below its 200-day exponential moving average. (Rohan Patil is a Technical Analyst at Bonanza Portfolio. Views expressed are the author Please consult your financial advisor before investing.)

New IT rules: Delhi High Court asks govt to respond to WhatsApp challenge

2019年11月19日 0 Comments

The Delhi High Court on Friday sought response from the Centre on appeals filed by messaging platform WhatsApp and its parent company Facebook questioning the validity of the new Information Technology guidelines for social media intermediaries which requires the messaging app to A bench comprising Chief Justice DN Patel and Justice Jyoti Singh issued notice to the Union government on an appeal filed by the company against the new Social Media Intermediary Rules, 2021, which came into effect from May 25. The case will be heard next on October 22. Senior advocate Mukul Rohatgi, appearing for WhatsApp, objected to the adjournment sought by the counsel appearing for the government, saying even last time the matter got adjourned on the Centre Let notice be issued. It is a very serious issue raised in relation to validity of IT Rules, 2020, The new intermediary rules, which were notified on February 25, are aimed at regulating all social media intermediaries like Twitter, Facebook, Instagram, Google, YouTube etc as as well as over-the-top platforms like Netflix, Amazon Prime Video, and stand-alone digital media outlets. It was only for messaging platforms like WhatsApp that a new requirement was inserted which required it to provide the first originator of what is deemed as mischievous messages by government which may lead to law and order problem or threatens the countrys sovereignty, integrity, or friendly relations with neighbours. WhatsApp as well as Facebook have assailed these rules on the aspect of traceability and identification of first originator of messages circulated on such platforms, saying the new rules would break right to privacy of users and end-to-end encryption on its service. Therefore, the contents of the exchanges on this platform cannot be traced by any party other than the sender and the receiver, they added. In its plea, the company questioned criminal liability enforced upon its employees on failure to trace the origin of messages sent on the service, on an order by court or the government. WhatsApp also said that that the rules enables government officials, law enforcement, journalists, members of ethnic or religious groups, scholars, teachers, students, and the like to exercise their right to freedom of speech and expression without fear of retaliation. The company sought a direction of the court to declare Rule 4(2) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 as unconstitutional and ultra vires of the IT Act, 2000, for violating the fundamental rights to equality, freedom of speech and carry on occupation. It relied upon the landmark ruling by apex courts nine-judge bench in the right to privacy case (K S Puttaswamy) among others to support its plea. The new IT Rules have been challenged before various high courts by different entities. Due to number of petitions challenging the rules, the Centre has moved the Supreme Court seeking transfer of all the cases related to the new IT rules to the top court so as to prevent contradictory orders by high courts. While the Supreme Court has agreed to hear the transfer petition, it has not so far restrained HCs from proceeding with their cases.

Restrictions continue to be in force across Kashmir following separatist leader’s death

2019年11月12日 0 Comments

Restrictions continued to be in force across the Kashmir valley for the second day on Friday as a precautionary measure following the death of hardline separatist leader Syed Ali Shah Geelani, officials said. Restrictions on the movement and assembly of people remained in force across the valley, they added. The officials said the curbs were intensified in downtown (old city) and some uptown parts of the city here in view of the Friday congregational prayers. While the roads leading to Geelanis residence in the Hyderpora locality here remained sealed, barricades were put up in other areas to stop the movement of people, they added. Security forces have been deployed in strength in the city and elsewhere to maintain law and order, the officials said. Mobile phone services except for the postpaid connections of BSNL continued to remain snapped, while mobile internet services also remained barred to avoid rumour-mongering. Internet services are working on fixed lines, but the network speed has been throttled. The officials said a review of the situation will be done after the congregational prayers and a decision will be taken on whether to lift the restrictions or not. Police on Thursday said the situation across the valley was peaceful and no untoward incident was reported from anywhere. A police spokesperson said some vested interests tried to spread baseless rumours about a forcible burial of SAS Geelani by police. Such baseless reports, which are a part of a false propaganda to incite violence, are totally refuted by the police. As a matter of fact, the police instead facilitated in bringing the body from his (Geelanis) house to the graveyard as there were apprehensions of miscreants taking an undue advantage of the situation. The relatives of the deceased participated in the burial, he said. The police spokesperson said IGP, Kashmir Vijay Kumar appreciated the cooperation of the public in maintaining the peaceful situation throughout Kashmir, which defeated the ill designs of the inimical elements who are hell-bent on disturbing the otherwise peaceful atmosphere in the valley. Geelani (91), avowedly a pro-Pakistan supporter who spearheaded the separatist movement in Jammu and Kashmir for over three decades, died at his residence here on Wednesday night. The separatist leader was suffering from a kidney disease for over two decades, besides other age-related issues, including dementia.