Tata Consultancy Services (TCS) has expanded partnership with Vaillant Group, a global leader in heating, ventilation and air-conditioning technology, to streamline the latter’s business processes and implement those on a single, digital enterprise process platform to support its business model transformation and future growth.

Selling continued to be witnessed in domestic markets as Sensex declined by 335.06 points or 0.88 per cent to settle at 37,736.07 while Nifty fell by 100.70 points or 0.90 per cent to close at 11,102.15.

IOCL forms JV with Total SA to Provide Bitumen Derivatives
 

Tax Queries By Jayesh Dadia Chartered Accountant

It also mentioned that with this new order, its order book would be well-placed and might reach Rs 2,000 crore in FY21. As of the end of FY20, the order book stood at Rs 1,788.2 crore.

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation
 

Healthcare company Lincoln Pharmaceuticals announced the launch of its Vitamin C+ Zinc tablets in Indian markets thus, consolidating its position in a market estimated at about Rs 150 crore in the country and growing at 15 per cent per annum.

TOP 1000 Companies Financial Review For FY20

This is a super house of financial data on 3500 corporates with up to date information. In the Magazine version the top 1100 -1400 companies are covered while the data on the entire 3500 companies is available in excel format for subscribers to download.

Even as the corona virus shock dictates how global economies perform in the near and medium term, it is fundamentally reshaping the investment landscape for global investors.

In this edition, we have reviewed Torrent Power Limited and ITC Limited. We suggest our reader-investors to HOLD in Torrent Power Limited and ITC Limited

India is considered to be one of the largest providers of quality, affordable generic drugs globally and Laurus Labs occupies a position of prime significance in this segment

 A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon.

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team.

The market opened in green on July 30, 2020. 

The market opened in green on July 30, 2020, overall volumes in futures & options currently stand at 3,30,78,600 crore contracts with a turnover of Rs. 22,62,936.95 crore.

The market opened in green on July 30, 2020, overall volumes in futures & options currently stand at 3,30,78,600 crore contracts with a turnover of Rs. 22,62,936.95 crore.

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations. 

Investing systematically is considered to be one of the most effective ways of investing. Here are the top 10 equity funds that you can consider for investing via SIP.

This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

Refex Industries is engaged in the business of refilling non-ozone depleting refrigerant gases, popularly known as hydrofluorocarbons (HFCs). It is used in air-conditioners, refrigerators, and refrigerating equipment and is presently in news for its rights issue.

I found coverage on momentum trading strategies in the previous issue to be highly informative for retail investors like me.

CRISIL on Wednesday released a report on the assets under management (AUM) of non-banking financial companies (NBFCs), in which, it expects the AUM of these NBFCs to dip 1-3 per cent in FY21E

With the current situation’s uncertainty mostly factored in, markets are finding it difficult to retrace any part of the post March rally.

Praj Industries and Automotive Research Association of India (ARAI) have signed a memorandum of understanding (MoU) to jointly drive application development of advanced biofuels that will find usage in industry and transportation.

The proceeds from this fundraising will be utilised for funding of capital expenditure, refinancing of existing loans, and other general corporate purposes.

Data Bank of top-ranked equity funds based on DSIJ's proprietary research methodology.

This is our mutual fund recommendation. Every fortnight , we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

The impact of the latest change in tax structure will get reflected in due course of time but there are other reasons too why the dividend option is on a decline. The report presents an in-depth explanation
 

Investing is a process that begins when you start investing and ends when you complete your time horizon for each of your investment goals. While having a clear idea about your horizon helps you decide your asset allocation, it is equally important to continue investing through your defined time horizon so as to get the best out of the chosen assets.

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved.

The ongoing corona virus pandemic has rattled equity markets across the world and these may continue to be volatile in the near term as well. However, this is not the first time an equity market is experiencing an economic or medical crisis.

Those who have put into place a strategy for ‘financial independence, retiring early’ (FIRE) may be worried about how the current pandemic will impact their portfolios and returns and those who want to get on to the bandwagon may be wondering how to go about it. The following articles provides an in-depth perspective and course of action

The unfolding of events in the mutual fund industry over the last couple of years has proved that debts are not as boring as they are considered to be. In a span of two years, the debt market has seen all – credit crisis, liquidity crisis and redemption pressure.

I have recently invested 50 per cent in equities and also started an SIP on corporate debt MF. I am interested in investing some percentage in gold. Could you advise if global gold mutual funds would be a decent investment option? And what should be the time period of the SIP?

On Thursday, amid optimistic cues from global markets, Indian markets are likely to open with a positive bias. The US Fed has committed to keep the taps flowing till the time growth revives and this is acting as the key catalyst for the bulls. At 7:50 AM, SGX Nifty is trading with gains of 7.50 points at 11,232.50 level.

The level of 11,150 is likely to act as important support and as long as Nifty manages to hold this level, it would make an attempt to move higher on the upside where the level of 11,250, followed by 11,340, is likely to act as a resistance level on the upside. Stocks in news: Nitco, Praj Industries, ONGC.

The consolidated net sales reported in Q1FY21 came in at Rs 1,120.16 crore, which declined by 36.07 per cent YoY from Rs 1,752.1 crore in Q1FY20.

Say bye-bye to SIP with specific dates. Sundaram Mutual has introduced ‘Any Day SIP’. Read on to find out more.

Sensex tanked by 421.82 points or 1.10 per cent on Wednesday to close at 38,071.13 while Nifty fell by 97.70 points or 0.86 per cent to settle at 11,202.85.

The consolidated net sales reported in Q1FY21 came in at Rs 766.73 crore, which declined by 91.86 per cent YoY from Rs 9,420.06 crore in Q1FY20.

The board of directors of HT Media Limited at its meeting held on July 28, 2020, has approved investment in Mosaic Media Ventures Private Limited.

The consolidated net sales reported in Q1FY21 came in at Rs 4,110.6 crore, which declined by 79.17 per cent YoY from Rs 19,732.6 crore in Q1FY20. 

IRB Infrastructure Developers Limited has bagged a project of construction of eight lanes of Vadodara-Mumbai Expressway in Gujarat, on Gandeva-Ena stretch, having a length of 27.500 kms, with a project cost of Rs 1,755 crore.

The net revenue from operations reported in Q1FY21 came in at Rs 1,040.62 crore, which declined by 4.08 per cent YoY from Rs 1,084.86 crore in Q1FY20. 

Small-cap funds have tend to perform better in the long-run. However, in the short-run, they do tend to exhibit more volatility.

Protective Insurance has selected Majesco P&C Core Suite for commercial auto and workers’ compensation claims and billing solutions on Majesco CloudInsurer so as to modernise and optimise its business operations.

The market opened in red on July 29, 2020. 

The market opened in red on July 29, 2020, overall volumes in futures & options currently stand at 2,58,45,024 crore contracts with a turnover of Rs. 17,55,818.03 crore.

The market opened in red on July 29, 2020, overall volumes in futures & options currently stand at 2,58,45,024 crore contracts with a turnover of Rs. 17,55,818.03 crore.

The rating agency, ICRA, in its latest report, has stated that the fertiliser companies are likely to register healthy profitability in the current fiscal year on the back of robust fertiliser off-take by the farmers in Q1FY21 as well as healthy growth across segments

Fragrance manufacturer, S H Kelkar informed the bourses on Tuesday, that it has completed the acquisition of Creative Flavours & Fragrances (CFF) by acquiring an additional 49 per cent stake in the company for Euros 16 million

Vardhman Textiles Limited, which is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow, and garments, has come out with its production and sales numbers for the quarter ending June 30, 2020.

Canara Bank has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

As per CARE Ratings’ report, the rating strengths are tempered due to an increase in the debt levels, significant decline in market capitalisation, which along with high promoter pledge is expected to significantly impact financial flexibility, high working capital cycle, refinancing risk and the intense competition in the retail industry.

The global telecommunication company, Bharti Airtel Limited will report its Q1FY21 result today. Here is a sneak-peak to the stock’s technical position.

The tax filing deadline has been extended and suggests a good time to invest in the tax-saving funds. Here is a list of best equity-linked savings scheme (ELSS) that you can consider investing.

In yesterday's trading session i.e on Tuesday the stock call options with underlying SBI , ICICI Bank and Tata Motors were in demand.

Early trends from SGX Nifty suggests there is no stopping for the bulls on D-Street. This is despite negative cues from the global peers. At 7:50 AM, SGX Nifty trades up by 38.50 points at 11,323 level. Mumbai, financial capital of India, reported its lowest single day Covid-19 cases in three months on highest single-day testing.

On the upside, the zone of 11,350-11,377 is likely to act as a resistance zone whereas, on the downside, immediate support is seen around at levels of 11,225-11,240, which is at the upper end of the consolidation range. Stocks in news: Hindustan Media Venture, TCS, Havells, Bank of Baroda.

Provisions and contingencies reduced substantially by 86 per cent YoY to Rs 888.05 crore in Q1FY21, as against Rs 6,332.05 crore in Q1FY20. 

BSE Mid-cap index gained 0.76 per cent after the markets gained in Tuesday’s session, taking cues from the global markets. Apollo Hospital, Ramco Cements, GMR Infra, and M&M Financial were the top index contributors in today’s trading session.

The consolidated net sales reported in Q2CY20 came in at Rs 3050.48 crore, which increased by 1.65 per cent YoY from Rs 3,000.85 crore in Q2CY19.

ITC informed that it has acquired spices maker Sunrise Foods Private Limited (SWPL) in an all-cash deal valued at Rs 2,150 crore. The announcement was made after the trading hours on Monday. 

Considering the daily timeframe, the stock has given a downward sloping trendline breakout formed by connecting swing highs since July 07, 2020. With this trendline breakout, the ADX, which shows the strength of the trend, turned upside and moved above the -DI.

The net sales reported in Q2CY20 came in at Rs 710.5 crore, which declined by 5 per cent YoY from Rs 747.9 crore in Q2CY19.

Info Edge (India), one of the most active investors among early-stage tech start-ups in the country, announced that it was investing around US$ 6.33 million in Bulbulive Shopping Network Private Limited, a video and live stream-led commerce platform.

Tata Steel informed the bourses on Tuesday that it has flagged-off the first raw material consignment of ferrous scrap on July 24 for trials at its steel recycling plant that is being set up in Rohtak (Haryana). The said plant has 0.5 MTPA scrap processing capacity, which is expected to commence soon

Bulls were in charge during the afternoon trading session as buying was witnessed in mainly IT, banking, cement, and auto stocks. As stocks rallied, Indian benchmark indices such as Sensex surged by 1.47 per cent or 558.22 points to close at 38,492.95 while Nifty rose by 1.52 per cent or 168.75 points to settle at 11,300.55.

The fund, once the darling of investors, looks like a pale shadow of its yesteryears.

SBI Card and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on Tuesday launched IRCTC SBI Card on RuPay platform.The new card has been designed to reward frequent railway passengers. It also offers savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.

Wipro Limited announced on Tuesday that it has selected Google Cloud as the cloud provider for its enterprise-wide SAP footprint. This engagement will bring SAP applications and workloads to the cloud to support Wipro’s 1,80,000 employees. This latest collaboration solidifies the strategic relationship between the companies as they roll out two major initiatives across Wipro’s global organisation

Gold has been the best performing assets in 2020 up till silver posted a sudden jump in its prices. Gold is up by almost 30 per cent on a YTD basis while silver is 31 per cent even as Sensex is down by nearly 7.5 per cent on a similar timeframe.

The consolidated net sales reported in Q1FY21 came in at Rs 7633.75 crore, which declined by 33.15 per cent YoY from Rs 11,419.74 crore in Q1FY20. 

The company caters to several large-cap companies which include UPL Ltd, Jubilant, Indo Gulf Fertilizers, Mahindra Summit Agriscience, Bharat Rasayan, etc. 

Coal India’s coal allocation under special forward e-auction for the power sector declined 28.7 per cent to 4.74 million tonnes (MT) in the first quarter of the ongoing fiscal (Q1FY21)

The market opened in green on July 28, 2020. 

The market opened in green on July 28, 2020, overall volumes in futures & options currently stand at 1,91,53,144 crore contracts with a turnover of Rs. 13,18,992.22 crore.

The market opened in green on July 28, 2020, overall volumes in futures & options currently stand at 1,91,53,144 crore contracts with a turnover of Rs. 13,18,992.22 crore.

The board of the company on Tuesday announced that it has approved the buyback of equity shares having a face value of Rs 2 from the open market at a maximum price of Rs 40 per equity share.

Gold has always been the preferred investment for people in India. In this article, we would list the best gold funds that you can consider investing in.

Indian Oil Corporation Limited (IOCL) has formed a 50:50 joint venture (JV) company with French multinational integrated oil & gas company- Total SA, to manufacture and market high-quality bitumen derivatives and speciality products for the growing road infrastructure industry in India.

This is the first order win of the company for the month of July 2020. In the last month i.e. June 2020, the company had secured orders worth Rs 431.63 crore from BHEL and IIT.

Indian markets are likely to begin its session in green on the buoyant global cues. However, would bulls extend its early lead or fade away like it did in last session? Some of the factors are indicating the latter to be the case.

Even though the indicators are gesturing weakness, it needs to be confirmed by price and this would happen only if the support level of 11,058 is breached on the downside. On the upside, the zone of 11,225-11,240 is likely to act as a resistance. Stocks in news: ITC, United Spirits, Birlasoft, Music Broadcast.

Provisions and contingencies increased by 203.7 per cent YoY to Rs 962.01 crore in Q1FY21, as against Rs 316.76 crore in Q1FY20. 

The stock has bounced back from the edge of the upward sloping trendline support, which is formed by connecting the swing lows from May 2020. The reversal from the support is further justified with strong volumes.

Sensex closed at 37,934.73 on Monday, down by 194.17 points or 0.51 per cent while Nifty declined by 62.35 points or 0.56 per cent to settle at 11,131.80.

The consolidated net sales reported in Q1FY21 came in at Rs 408 crore, which declined by 42.26 per cent YoY from Rs 706.65 crore in Q1FY20. 

Due to COVID-19 restrictions, the experiences of work, technical skills training, and Engineering Development Trust (EDT) programmes have become inaccessible for many students. To address this gap, EDT has adapted the online version of its summer programmes by leveraging TCS iON platform.

Out of this, its Chennai plant has a capacity of 6 million wheels, which caters to its passenger and multi-utility vehicle (MUV) related demand.

On Monday, when Sensex is struggling and is down in red, the share price of BSE Ltd is exciting lot of investors. At one point, its stock jumped by more than 12 per cent on an intraday basis.

The approval causes the contractual pre-commercialisation milestone of USD 20 million payable to Hatchtech Pty Limited. XEGLYZE is used in the treatment of head lice infestation in patients six months of age and older. The company is working to commercialise this product through its partners.
 

The market opened in red on July 27, 2020. 

The market opened in red on July 27, 2020, overall volumes in futures & options currently stand at 1,61,87,165 crore contracts with a turnover of Rs. 11,53,542.45 crore.

The market opened in red on July 27, 2020, overall volumes in futures & options currently stand at 1,61,87,165 crore contracts with a turnover of Rs. 11,53,542.45 crore.

Liquid funds are aimed at providing liquidity along with safety. In this article, we would discuss the best liquid funds for investing.

Adani Power Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.