SEBI to set norms for pricing of corporate bonds in MFs SEBI to set norms for pricing of corporate bonds in MFs DSIJ Intelligence / Saturday, December 15, 2018 / Article rating: 5.0 Mutual fund houses follow different methods of valuation for corporate bonds which lead to discrepancies in the NAV of the fund, to address this issue SEBI is likely to issue uniform guidelines for pricing of corporate bonds in mutual funds. Read on to find out more.
FM trims National Pension Scheme norms to please central govt employees FM trims National Pension Scheme norms to please central govt employees DSIJ Intelligence / Saturday, December 15, 2018 / Article rating: 5.0 Ministry of Finance has increased the central government's NPS contribution for its employees to 14 per cent from the existing 10 per cent. The government has also tweaked the tax exemption limit for withdrawal on exit making it a Triple E investment plan.
Overnight Digest: Stocks to watch on December 15 Overnight Digest: Stocks to watch on December 15 DSIJ Intelligence / Friday, December 14, 2018 / Article rating: 5.0 The stocks most likely to witness significant movement on the bourses on December 15 are Aditya Birla Capital, Indian Oil Corporation, Bharti Airtel, Vodafone Idea, Gujarat Ambuja Exports and Jet Airways.
Bank Nifty: 27050-27000 likely to act as resistance Bank Nifty: 27050-27000 likely to act as resistance Vinayak Gangule / Friday, December 14, 2018 / Article rating: 4.3 The popular index Bank Nifty opened gap-down on Tuesday and formed sizeable bullish candle around its short-term support zone of 25650-25600, which is the 50 per cent Fibonacci retracement level of its entire upward move starting from the low of early October to the high of December 3,2018.
Biocon forms Bullish Engulfing pattern Biocon forms Bullish Engulfing pattern Vinayak Gangule / Friday, December 14, 2018 / Article rating: 4.3 The stock of biotech company Biocon Limited formed an outside bar resembling a Bullish Engulfing pattern on the weekly time frame, which indicates bulls were in dominant position. After six weeks of contracting consolidation, Biocon has recently given a breakout along with decent volumes.
Anil Ambani companies cheer SC verdict on Rafale deal Anil Ambani companies cheer SC verdict on Rafale deal DSIJ Intelligence / Friday, December 14, 2018 / Article rating: 2.0 Supreme Court of India dismissed all the petitions seeking court direction for investigating the alleged scam in the procurement of 36 Rafale jets from the French company Dassault Aviation. Also, DoT agreed to issue NOC for the Rcom-RJio deal.
Infy gains on forming JV with Hitachi, Japan Infy gains on forming JV with Hitachi, Japan DSIJ Intelligence / Friday, December 14, 2018 / Article rating: 4.0 IT giant Infosys gained on the bourses as the company declared the formation of a JV with Hitachi, Panasonic Corporation and Pasona Inc. Shares of the company gained almost 3 per cent intraday.
Max India zooms up 18 per cent Max India zooms up 18 per cent DSIJ Intelligence / Friday, December 14, 2018 / Article rating: 5.0 The stock of Max India saw a phenomenal uptrend during Friday's trading session. There is a buzz in the market that the company is planning an exit from its insurance business. At 14:26 hours, Max India was quoting Rs. 79.80 per share, up by Rs. 13.00 or 19.46 per cent.
Ten stocks close to their 52-week low Ten stocks close to their 52-week low Shital Jibhe / Friday, December 14, 2018 / Article rating: 2.8 Following stocks are close to their 52-week low as at 12.37 p.m. on December 14, 2018.
Fortis Healthcare: SC holds stake sale to Malaysia-based firm IHH Fortis Healthcare: SC holds stake sale to Malaysia-based firm IHH DSIJ Intelligence / Friday, December 14, 2018 / Article rating: 5.0 In a major blow to Fortis Healthcare's efforts to sell stake, the Supreme Court of India has put on hold the Rs. 4,000 crore deal between IHH Healthcare Berhad and Fortis on Friday. Reacting to this development, the stock of Fortis Healthcare plunged more than 8 per cent.