Daily Market Analysis – 20th Oct 2020
Dr. Reddy’s receives DCGI approval to conduct phase 2/3 trials of the Sputnik V vaccine in India Dr. Reddy’s Laboratories (DRL) has received regulatory approval from the Drugs Controller General of India (DCGI) to conduct mid-to-late-stage human trials for Russia’s Sputnik V vaccine candidate in India. The developments bring India a step closer to potentially getting a Covid-19 vaccine by...
Daily Market Analysis – 19th Oct 2020
The Asian markets have started at a higher note on Monday, on the hopes of a US fiscal package before the US presidential elections in November 2020, and expectations of a coronavirus vaccine by the end of this year. Boosting the overall sentiment, drug maker Pfizer Inc said on Friday it could have a coronavirus vaccine ready in the United States by the end of this year. In the global...
Daily Market Analysis – 13th Oct 2020
To make home loans cheaper, the Reserve Bank of India said that it will rationalise the risk weights and link them to Loan-to-Value (LTV) ratios for new housing loans sanctioned up to March 31, 2022. What it means is that banks are given a leeway while giving out larger housing loans. With reduced risk weights for loans above ₹75 lakh, the cost of lending to this customer segment will come...
10 Income Tax Return Filing Tips To Remember
The Income Tax Department of India has announced the last dates to file Income Tax Return (ITR) for financial year 2019-2020. After several extensions, the date for individuals, Hindu Undivided Family, Body of Individuals and Association of Persons has been finalised on 30th November. Businesses requiring Audit & Transfer Pricing report need to carry out their tax return filing by...
Daily Market Analysis – 09th Oct 2020
1. RBI Governor Shaktikanta Das announced that MPC has kept the policy rates unchanged (Repo rate 4%, Reverse Repo rate 3.35%) and is to maintain an accommodative stance. 2. The Union Cabinet on Wednesday announced a new e-bidding platform to promote market price discovery of natural gas produced from fields across a number of contractual regimes, where producers already have pricing...
Daily Market Analysis – 07th Oct 2020
TCS Buyback shares in Tata Sons Shapoorji Pallonji is selling its 18.4% stake in Tata Sons back to the group, to which TCS has decided to buy back shares in Tata Sons. The buyback can be worth up to Rs 22000 cr with approval of shareholderThis will ensure cash flows to the promoters who at this point in time are in need of funds for Tata Motors. IPO Likhita Infrastructure...
Daily Market Analysis – 06th Oct 2020
1. Indian Government keen to resolve pending issues with Neighbouring Countries In its efforts to improve strategic relations with neighbouring countries on east India has reached out to Myanmar to discuss the possibility of building a petroleum refinery in the Thanlyin region. The project has an estimated investment cost of $6 billion. Myanmar has a booming energy industry and China...
Why Do You Need Critical Illness Health Insurance Plans?
The modern times have seen a whole lot of progress in science and technology. There are newer and improved treatments for critical diseases which were not available earlier. As such, life expectancy has increased. However, one cannot ignore the rising incidence of diseases too. Modern man is increasingly falling ill with major illnesses. Heart-related ailments, cancer, organ transplants,...
Daily Market Analysis – 05th Oct 2020
1. Pradhan Mantri Awas Yojna (PMAY) Pradhan Mantri Awas Yojana is an initiative by the Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. Some defined benefits of PMAY are given below:- Avail subsidy upto 2.67 Lakhs*Interest subsidy at a rate of 6.5%* for a tenure of upto...