China's tough rhetoric leaves trade talks with US in limbo

In this episode of the Simply Save podcast, Moneycontrol's Personal Finance Editor Kayezad Adajania gets in conversation with debt market expert Joydeep Sen to get answers for questions that are troubling investors. Numerous investors are worried that their debt fund investments could be at risk due to the NBFC crisis. Many are unsure whether they should take the crisis as an opportunity and invest further or pull out their money before it’s too late. If you're sailing in the same boat, here's help at hand. In this episode of the Simply Save podcast, Moneycontrol's Personal Finance Editor Kayezad Adajania gets in conversation with debt market expert Joydeep Sen to get answers for questions that are troubling investors. A special offer this week. take 2 days  free trial in Stock Market Tips and MCX Tips

In this episode of Setting Sail, Maheshwari talks about entrepreneurial ventures and why he turned to a social cause when he started his own venture Udhyam. Building the right team for an organization to succeed is extremely important, a visionary leader should have the skills to ensure that a team works in the right direction to achieve its goals. And Mekin Maheshwari, who runs Udhyam -- a nonprofit startup -- is steadily looking at achieving his goal. That of transforming people from non-privileged backgrounds into entrepreneurs. Maheshwari, who was the technology head at the e-tailer, went on to become the chief people officer at Flipkart. He tells Moneycontrol's Priyanka Sahay, how a colleague once joked about his transition as a demotion, after he had moved to an HR role, from being a top tech executive. Maheshwari recalls that Flipkart has managed to become what it is, because of the people who work there. Hence, he stressed that entrepreneurs should thi...

India's debt-laden shadow bank Dewan Housing Finance Ltd (DHFL) has submitted a restructuring plan to its core committee of creditors (CoC), two sources involved in the matter said, adding that lead lenders were deliberating over the plan. DHFL, the fourth-biggest housing finance company in India, has roughly 1 trillion rupees ($14.5 billion) of debt and is in the process of seeking lender approval on a restructuring designed to help it ride out a liquidy crunch and restart its lending business. Several Indian non-banking finance companies (NBFCs), including DHFL, have been stung by an acute credit crunch sparked by the collapse of Infrastructure Leasing & Financial Services late last year. The restructuring plan submitted by DHFL includes the founder's family reducing its stake and restructuring of loans said one of the sources aware of details of the plan. The restructuring could include easier repayment terms, such as longer tenure and reduced inter...

Tech Mahindra Ltd’s shares had underperformed the market after its revenue growth fell sharply in the March quarter. Profit margins narrowed at a higher-than-expected pace as well, raising concerns about its earnings. The June quarter results, released after market hours on Tuesday, provide no major reason to alter the stock’s trajectory. Dollar revenues grew just 1.9% year-on-year and fell 1.6% compared to the March quarter. “In the current quarter, the company faces seasonality, however, even after factoring the seasonality, Tech Mahindra’s revenues were below our expectation," ICICI Direct Research said in a note. Worse still, the fall in profitability was far higher than Street expectations. Ebit (earnings before interest and tax) margins contracted 1.5 percentage points from a year ago. As a consequence, operating earnings (Ebit) in dollar terms dropped 9% from a year ago. Sequentially, they are down as much as 26%. “Margins are way below estimates leaving r...

At a time when there is a broad-based economic slowdown, growth in lending is hard to come by. In that scenario, Axis Bank Ltd’s swift turnaround to a robust core income growth, driven by a 19% increase in domestic loans, should cheer investors. The fact that this growth comes in tandem with a reduction in the private sector lender’s toxic loan pile is an added positive. Indeed, the management said the bank is not chasing extraordinary growth, but would rather lend to good borrowers, a message given by most other private-sector lenders that have announced results so far. This preference for safety is writ large over the Axis Bank’s balance sheet. Loan growth is driven by retail; small businesses, especially the dealership network of the automobile sector, have been avoided. Another safety net provisions, which rose 14% from a year ago, despite the toxic loan stockpile reducing in the June quarter. The bank does not want to take any chances on asset quality and, he...

RBI अपने फंड का कितना हिस्सा सरकार को देगी इस बात का फैसला करने के लिए बिमल जालान पैनल का गठन किया गया था। इस पैनल ने कुछ दिनों पहले अपनी आखिरी बैठक की थी। मीडिया में यह खबरें आई कि रिपोर्ट तैयार हो चुकी है। इस रिपोर्ट के मुताबिक अगले 3-5 साल के बीच RBI चरणबद्ध तरीके से सरकार को फंड देगी। हालांकि अब खबर आई है कि फंड ट्रांसफर से पहले जालान कमिटी एक बार और बैठक करने वाला है। बिमल जालान ने बताया, अब एक नया नामित सदस्य आ गया है लिहाजा एक बार फिर बैठक करके पैनल तय करेगा कि कितना फंड ट्रांसफर किया जाए। क्या है मामला? फाइनेंस सेक्रेटरी सुभाष चंद्र गर्ग का ट्रांसफर पावर मिनिस्ट्री में कर दिया गया है। यही वजह है कि पैनल की बैठक दोबारा होगी। गर्ग के ट्रांसफर के बाद सरकार ने अतनु चक्रवर्ती को पैनल में शामिल किया है। हालांकि सरकार ने अभी तक नए फाइनेंस सेक्रेटरी का चयन नहीं किया है। Get a 2 days free trial in Stock Market Tips and MCX Tips 

Average revenue per user (ARPU) was up 3.8 percent at Rs 108 against Rs 104, QoQ. The share price of Vodafone Idea touched a 52-week low of Rs 7.30, down 21 percent intraday July 29 as the company reported poor numbers for the quarter ended June 2019. The company has posted net loss at Rs 4,873.9 crore in the Q1FY20 against loss of Rs 4,881.9 crore in the quarter ended March 2019. Revenue of the company declined to Rs 11,270 crore from Rs 11,775 crore. Earnings before interest, tax, depreciation, and amortization (EBITDA) was up at Rs 3,650 crore against Rs 1,785.3 crore, the margin was up at 32.4 percent versus 15.2 percent, QoQ. Average revenue per user (ARPU) was up 3.8 percent at Rs 108 against Rs 104, QoQ. However, the company has added 4.1 million 4G users in the last quarter. At 10:14 hrs Vodafone Idea Limited was quoting at Rs 7.33, down Rs 1.92, or 20.76 percent on the BSE. For taking 2 days free trial and Stock Market Tips with more than ...

Motilal Oswal maintained its neutral rating on Havells India post-June quarter results with a target price of Rs 800. Havells India Ltd fell by about 5 percent on Monday. The electrical equipment manufacturer had on July 27 reported a 16.3 percent year-on-year (YoY) decline in June quarter consolidated profit on muted growth in key segments such as cables, lighting, and switchgear. The company's profit fell to Rs 177.09 crore over the June quarter, down from Rs 211.2 crore reported for the year-ago period. This year, the stock has underperformed benchmark indices so far. It is up nearly 2 percent in 2019, while on a yearly basis, the stock has risen a little over 14 percent. Consolidated revenue grew by 4.5 percent YoY to Rs 2,717 crore for the June quarter, with its electrical consumer durables business showing a double-digit growth of 24 percent YoY. The rest of its segments showed tepid growth. The company's switchgear business revenue rose half a p...

On July 26 the rupee ended 15 paise higher at 68.89 against the US dollar, snapping its four days of losses following a recovery in the domestic equity market. The Indian rupee opened marginally lower at 68.94 per dollar on Monday against Friday's close 68.90. On July 26 the rupee ended 15 paise higher at 68.89 against the US dollar, snapping its four days of losses following a recovery in the domestic equity market. A special offer this week. take 2 days  free trial in Stock Market Tips and MCX Tips

Maruti Suzuki India Ltd’s shares have been battered, as strong headwinds have derailed passenger vehicle (PV) sales over the last several months. Since January, its shares have fallen 23% on the back of steady cuts in earnings forecasts. Against this backdrop, it was expected that the June quarter performance would be worse than the year-ago period. After all, one could not expect miracles after the carmaker reported an 18% drop in sales volumes. With sales falling in all segments, with the exception of light commercial vehicles, operating leverage took a beating. Hence, Ebitda (earnings before interest, taxes, depreciation, and amortization) margin fell by a whopping 450 basis points year-on-year to 10.4%. But this was in line with Street estimates. Weak capacity utilization on account of poor sales, higher depreciation, and promotional expenses, and adverse currency movement dented profitability. That said, the company’s measures to control costs and even lower ...

Trade Setup for Thursday: Top 15 things to know before Opening Bell The market fell for the fifth consecutive session on July 24 with the Nifty closing below 11,300 level ahead of F&O expiry. Banks, auto, metals, pharma, and select technology stocks dragged benchmark indices. The BSE Sensex was down 135.09 points at 37,847.65 while the Nifty 50 declined 59.70 points to 11,271.30, forming bearish candle on daily charts. As the index fell below the 200-day exponential moving average (11,297), there could be more selling pressure with a bit of volatility in the coming session, experts feel. "The index is now stone's throw away from the May low of 11,108, which is the make or break level for the medium-term trend. The odds are suggesting a bounce prior to breaking the low of 11,108. Nevertheless, one more push down to 11200 looks possible for the short term," Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas told Moneycontrol. ...

The top gainers from NSE include NTPC, Titan Company, UltraTech Cement, Coal India, and Tata Consultancy Services while the top losers are Bajaj Finance, GAIL India, Mahindra & Mahindra, Tata Motors and Bajaj Finserv. Benchmark indices are trading in the red with rising in crude oil prices despite Asian markets trading on a positive note. Nifty is down 75 points at 11,521 while the Sensex shed 240 points and is trading at 38,656 level. Nifty Auto shed over a percent hitting a 52-week low dragged by Exide Industries, Amara Raja Batteries, Tata Motors, Tata Motors DVR, TVS Motor, Mahindra & Mahindra, Maruti Suzuki, Hero Moto, Eicher Motors, and Bajaj Auto. PSU Banks are also trading in the red, the top losers are Bank of Baroda, Union Bank of India, State Bank of India, Syndicate Bank, Bank of India, Central Bank of India and Punjab National Bank. Nifty Pharma also shed a percent dragged by Lupin, Sun Pharma, Piramal Enterprises, Cipla, Aurobindo Pharma, and...

The correction in broader markets was higher than benchmark indices as the Nifty Midcap and Smallcap indices fell around 2 percent each on July 19 and around 4 percent each for the week. The sharp fall for the second consecutive session not only dragged the market to its two-month low on July 19, but also got it into negative territory for the week due to some disappointment over earnings, and unhappiness among FPIs after the Finance Minister refused to tweak the surcharge on the super-rich. The BSE Sensex was down 560.45 points at 38,337.01, while the Nifty50 plunged 177.60 points to 11,419.30 on selling across sectors. Both benchmark indices fell a percent each for the week. The index formed a bearish candle on daily as well as weekly scale, indicating bears are having the upper-hand on the Street, which could drag the index below 11,300 level, if it decisively breaks 11,400, which it managed to hold while closing on Friday, experts feel. "The breach of a k...

In the week beginning July 27, the market will first react to RIL and HDFC Bank's results Bears retained their control on Dalal Street for yet another week ended July 19, thanks to heavy selling pressure in last two trading sessions. It dragged benchmark indices to two-month low breaking psychological levels like 11,500 on Nifty and 39,000 on Sensex. Pre-existing factors such as economic and consumption slowdown, consistent FII selling after Finance Minister Nirmala Sitharaman denied to tweak surcharge on the super-rich and relentless asset quality concerns added more fuel to the fire. The BSE Sensex slipped 1.03 percent to 38,337.01 and Nifty50 declined 1.15 percent to 11,419.25 as selling was seen across sectors barring IT (which up 1 percent). The broader markets too were hit badly with the Nifty Midcap and Smallcap indices falling around 4 percent each amid disappointing earnings from some companies. After shedding around 4 percent since the Budget day, th...