Daily Market Analysis – 30th Oct 2020
Government is being Aggressive for Air India Privatization Bid allowed on basis of Enterprise Value Due to uncertainties caused by Covid – 19, Bidding norms for the privatization of Air India is changed. Now we will see bidding on the basis of its Enterprise Value (EV). The EV will comprise of 15% cash payment to the government and debt takeover up to 85%. Earlier, The buyer was required...
Daily Market Analysis – 29th Oct 2020
SBI raises $1 Billion from a group of Japanese Lenders led by Japan Bank for International Cooperation (JBIC). The Sovereign backed JBIC will extend $600 Million, the rest will be funded by MUFG Bank, SMBC, Mizuho Bank, Shizuoka Bank and Bank of Yokohama. Japan offers Loans at relatively cheaper rates averaging around 2.4% from 1972 until 2020. India is one of the favored nations for...
Government issues guidelines for interest waiver on loan
The Government of India recently announced the interest waiver on loans up to 2 crores. This was done to provide relief to the borrowers who have the liability to repay loans amid COVID-19. Global Pandemic had resulted in a nationwide lockdown and thus we experienced disruption in businesses. This further led to job loss and sizeable pay cuts to most employees. With limited cash in hand, it...
Daily Market Analysis – 28th Oct 2020
Blue dart prepares for Vaccine Shipment – Blue Dart is now working with Pharma companies to prepare for covid -19 vaccine as there transfer partner. They are closely working with Pharma companies in covid vaccine development phase and there is specific requirement of temperature ( upto-80* c). we can see the good rally in logistic sector in next 1 years time...
Sukanya Samriddhi Yojana Or SIP? The Truth!
So the other day, I had a word with my friend Shaila over the phone, as she needed my help to make a financial decision and since I come from a finance background, she thought I would be the right person to ask. She wanted to know, where she should invest for her child Namrata’s further studies after graduation. She was going to start with a monthly SIP, in a mutual fund scheme, but later...
Daily Market Analysis – 27th Oct 2020
The Johnson and Johnson coronavirus vaccine trial which has paused earlier this month due to an illness in a participant is all set to restart after an independent committee decided that, the illness was not related to the vaccine. Johnson and Johnson may come out with the vaccine as early as January 2021. Tata Motors has received an order for 6400 Tata Mini Gold from the Andhra...
ITR filing deadline for 2019-20 extended
On Saturday, CBDT (Central Board of Direct Taxes) extended the deadline for filing income tax return (ITR) for FY 2019-20 (AY 2020-21) from 30th November 2020 to 31st December 2020. This is the second time that the due date has been extended this year. Usually, the due date is 31st July which now has been extended till 31st Dec for the current assessment year. This announcement...
Daily Market Analysis – 26th Oct 2020
IndusInd Bank says report on merger with Kotak Mahindra Bank is untrue and malicious IndusInd Bank said that the management is not aware of any deal talks with Kotak Mahindra Bank and the promoters have already denied the merger report. IIHL is promoted by the Hindujas and a broad base of other successful NRIs from the overseas Indian diaspora. Kotak Mahindra Bank has denied commenting on...
Daily Market Analysis – 23rd Oct 2020
SBI Cards and payment services 2nd quarter showed impact of Covid 19 on unsecured loans. SBI Cards reported that its gross NPA rose to 4.3% from 1.4% in April- June Quarter. On Sept 3rd, SC had said, accounts not declared NPA’S till August 31 are not to be declared NPA’s till further orders and SBI Cards have not considered those. Analyst say if they take into account those as well, NPA’s...