DEBT DEFINITION
Whisky to remain a major revenue contributor for Allied Blenders & Distillers: Ramakrishnan Ramaswamy
Whisky has been the dominant this for the industry, around 65% of the IMFL business is whisky. So, we will continue our leadership there. At the same time, we are looking at other opportunities like Gin, Rum and other things which should contribute a significant amount on a future date.
Foreigners buy Indian debt on eve of JPMorgan index inclusion, indicators signal
Currency market reacts to India's JPMorgan index inclusion with increased foreign buying and dollar transactions by large banks. Traders anticipate passive inflows despite the rupee's limited appreciation. RBI expected to manage the market dynamics prudently.
Budget 2024: What is a Populist Budget and why is it controversial?
A populist budget is a fiscal plan focused on immediate public appeal through measures like tax cuts and social spending increases. Criticized for prioritizing short-term benefits over long-term economic stability, such budgets can lead to fiscal deficits, inflationary pressures, and disparities in resource distribution, while potentially undermining independent economic institutions.
MF Talk: Why smart investors are turning to multi-asset portfolios
Investors aiming to maximize 'alpha' are going for multi-asset portfolios with strategic asset allocation. Chirag Muni of Anand Rathi Wealth discusses the importance of asset allocation for portfolio performance and capital protection.
Ambuja Cement acquire 100% stake in Penna Cement for Rs 10,422 crore
Ambuja Cement, a company owned by Adani group, has signed a definitive agreement to acquire Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, as per the company’s filing on the stock exchanges.
Investment returns during coalition govt: Modi 3.0 might be good for stock market, mutual fund investors, show trends during previous govts
How will be Modi 3.0 for investments? The stock market experienced a sharp decline following the Lok Sabha elections 2024, causing concern among young investors. They are worried about their investments as a coalition National Democratic Alliance (NDA) government prepares to take oath on June 9, 2024. Will the volatility in the stock market continue? How will NDA-3.0 be for your hard-earned money? Is there a bad government for your investments? Should the incoming government worry debt investors? Should you invest in equities, mutual funds or debt instruments? Questions such as these are worrying investors. So here are some answers that should give an idea of what is in store for you in the next five years.
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This FD amount will soon be considered as retail FD; RBI to review bulk FD limits
Bulk FD amount of bank: The new proposal has been announced by RBI in the Monetary Policy Committee announcement today. The central bank said that necessary guidelines will soon be issued.
Planning to invest Rs 3,000 crores to add 2,000 beds in 3 years: Suneeta Reddy, Apollo Hospitals
Let us look at both ARPOB, it is over 59,000, it is about Rs 59,0330. We have seen an increase in ARPOB of around 12%, but more importantly just going forward, this is because of a better case mix and price, but definitely improved case mix. With regard to volumes, inpatient volumes grew by 6%, outpatient volumes grew by 9%. And our ARPOB is net of doctors’ fees.
Best dynamic bond funds to invest in May 2024
If you are confused about all the talk about interest rate pauses and likely cuts, you should consider investing in dynamic bond funds. Dynamic bond funds have the freedom to invest across securities and maturities depending on the outlook of the fund manager.
Entry into renewables could be a natural extension for RattanIndia: Rajiv Rattan
Rajiv Rattan, Founder & Chairman of RattanIndia, discusses the company's potential expansion into renewables fueled by cash flow from the power business. Addressing past leverage issues, the company shows promise as a turnaround candidate.
What is in store for the next few quarters for Tata Motors? Devang Mehta answers
Devang Mehta discusses Tata Motors' stock being fully priced in amid global demand slowdown, Zomato's strong management but low margins, UPL's recent surge, and sector rotation. He also analyzes potential corrections and new investor opportunities in the market. Mehta says: "A lot of companies are now fully priced in and there will be some correction if you disappoint a little bit or if even the sector disappoints a bit."
IL&FS seeks fresh MMRDA approval for transfer of HQ in Mumbai's BKC
IL&FS applies for MMRDA approval to transfer its BKC headquarters to Brookfield Asset Management. NCLT's transfer is pending, causing delays. Brookfield progresses towards property acquisition as IL&FS aims to manage debt through asset monetization efforts.
Best dynamic bond funds to invest in April 2024
Kotak Dynamic Bond Fund, one of the recommended schemes, has been in the third quartile in the last month. ICICI Prudential All Seasons Bond Fund has been in the second quartile in the last month.
Debt-free Orchid Pharma charts out growth plan
Orchid Pharma, backed by Dhanuka Group, focuses on cephalosporin antibiotics. Expansion plans include a new facility, Enmetazobactam launch, and mergers for sustainable growth and reduced import reliance.
RBI is playing ball by ball; this is the best macro set up we have seen in many years: Shaktikanta Das
Shaktikanta Das, the Governor of the Reserve Bank of India, highlights the need for durable inflation, discusses the positive macroeconomic factors contributing to India's stability and growth, and acknowledges the challenges posed by global debt while emphasizing India's preparedness to deal with them. Das says: "I say it with a reasonable amount of confidence based on our internal analysis and research that 7% next year is definitely very much on the table."
Why should you choose a debt mutual fund over and above an FD? Shweta Rajani explains
Shweta Rajani suggests considering debt mutual funds like target maturity funds and arbitrage funds. These funds offer various benefits such as higher yields, better liquidity, tax advantages, and the potential for additional returns if the interest rate cycle plays out. As there is a possibility of rate cuts as well as bond yields coming down, it is time to go in for a longer duration in the debt funds.
Will GOI participate? Sanjiv Bhasin on Voda Idea plans to raise Rs 45,000 crore via equity and debt
Vodafone plans to raise Rs 45,000 crore, with the success depending on the right issue, promoter participation, capex, and the Government of India's reaction. The fundraising will provide breathing space and help Vodafone stay in the fray for 5G. it is a positive in a way that they have at least addressed the big problem of fundraising but one has to see how they are going to manage that.
ITAT grants partial relief to ICICI Bank
The Mumbai bench of Income Tax Appellate Tribunal allowed ICICI Bank to avail ₹1,855 crore bad debt write-off as deduction. It dismissed the bank's appeal seeking ₹502-crore worth long-term capital loss allowance for 2015-16. The tribunal upheld PCIT's decision to declare an excess deduction of ₹159 crore as erroneous.
What EPack Durable's MD has to say on Q3 turnaround, debt and stock’s tepid show
EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company's turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company's falling debts, IPO proceeds and stock's performance,
Aditya Welekar on Novelis IPO, Hindalco and more
Aditya Welekar of Axis Securities discusses the Novelis IPO's potential uses of funds, including capex and acquisitions. Hindalco aims to unlock Novelis' value and raise cash without increasing net debt. The stock's performance and valuation will depend on the IPO's outcome. Welekar says "let us hear from the management how they want to use the proceeds and based on that, we will take a call on the stock."
Bullish on Vedanta story, expect stock price to appreciate 30-40% within a year: Sudip Bandyopadhyay
Vedanta, a unique company with diverse commodities, is well-positioned in the commodity cycle. Sudip Bandyopadhyay sees deep value in Vedanta and expects 30-40% appreciation in one year. The demerger, upcoming Tuticorin plant, and entry into power distribution contribute to its promising future.
Rate cuts coming? Park your money in longer duration debt funds: Arnav Pandya
For long-term investments, consider investing in longer duration debt funds and long duration bond funds. Fixed deposits can be a good option to take advantage of higher interest rates, but the timing of rate cuts is uncertain. Staggering fixed deposits and renewing them as they mature can help maximize returns.
We expect to be a debt-free company in 2-3 years: Jyoti CNC Automation CMD
Jyoti CNC Automation, the third largest CNC manufacturer, has a robust order book and the growth of manufacturing industries, supported by government initiatives like Atmanirbhar Bharat and PLI schemes, indicate sustainable profitability for the next five to seven years. Despite being richly priced, Jyoti CNC Automation expects significant growth in the coming year. The company's major growth sectors are aerospace and defence, as well as electronic manufacturing services.
This year onwards, the focus will be on SMEs, debt and mutual funds: Sundararaman Ramamurthy, BSE
Sundararaman Ramamurthy says: “If you look at the profile of these people who have got registered in the last three-four years, while Maharashtra and Delhi may be a bigger state contributing to the pie, the growth is not contributed by these states. It is being contributed by Uttar Pradesh, Chhattisgarh, Bihar, Punjab, MP and Rajasthan. Cities like Agra, Varanasi and Indore that are contributing more.”
New tax slabs, no tax on income up to Rs 7 lakh in new tax regime, 13 changes in 2023 that will impact you in 2024
Many changes were announced in the Budget 2023 as well as during the year in 2023 by the Central Board of Direct Taxes (CBDT). These changes not only impacted your 2023 but will also impact your 2024 especially at the time of filing income tax return. Read on to know more about it.
Next Adani milestone is plan for $1.25 billion of green arm debt
Indian billionaire Gautam Adani's conglomerate is expected to reveal plans for the $1.25 billion Adani Green Energy Ltd. notes due next year. The conglomerate, facing scrutiny following fraud allegations by Hindenburg Research, will likely present blueprints for redeeming or rolling over its overseas bonds. Adani, who denied the fraud claims, has faced heightened attention on its finances, with a spike in bond yields.
BJP alone can bring in change in Telangana, says Union Home Minister Amit Shah
Appealing voters to vote for BJP, Shah said the Prime Minister Narendra Modi government has fulfilled all the promises it made, ranging from construction of Ram Temple, abrogation of article 370 or abolishing triple talaq. "Your (people of Telangana) vote will not just decide the fate of an MLA or a government, but the future of Telangana and the country. I appeal to you to vote only after analysing the performance of each and every party. I am confident that you will vote for PM Modi-led BJP once you do an analysis of all parties," he added.
We expect EBITDA to definitely improve going forward: Ajay Kumar Saraogi, JK Cement
But at the same time, we are seeing some silver landing as there is some reduction in the fuel pricing. So we expect that at least some relief is there. But the industry definitely needs some price increase.
Sebi may expand definition of QIB for debt securities
The market regulator has proposed to include multistate cooperatives with net worth of more than Rs 500 crore, non banking financial companies and housing finance companies, pension Funds (including overseas pension funds, NPS Trust, Employee Provident Fund Organization), refinancing agencies such as MUDRA,reinsurance companies, small finance banks and other SEBI regulated entities with net worth of more than Rs 500 crore
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