The Safe Harbour Framework rate remains unchanged for the assessment year 2020-2021. The appeal for a rate reduction by Covid-19 pandemic hit industries has been refused.
Mumbai: The Bank Nifty sees shorting in huge because of the fear of rising No-Performing Assets (NPA’s” Loom. The Bank Nifty could move over 8% range with a downward bias in the coming week due to heavy call selling expiry options on May 28, 2020, reported by Ram Sahgal.
Securities and Exchange Board Of India (Sebi) has asked listed companies to disclose the expected impact of lockdown on business revenues and profits. Lockdown has resulted in distortions in the market due to the unavailability of the operations information of a company.
As a further relief after stimulus package, SME’s are offered with the less annual listing fee over BSE by a fourth at a time, said by BSE on Monday. When most of the new listings are in the hold because of the uncertain conditions of the market.
General Atlantic to Invest Rs 6,598.38 crore in Jio Platforms after Facebook, Silver Lake, and Vista Equity Partners. General Atlantic also known as a marquee global investor will now hold an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh Crore in Jio enterprises.
The Domestic equity market traded in a narrow range but with wide overnight gaps during the last week. Making people cautious of open positions. Faint-hearted traders are out of Dalal Street, as nifty futures open interest fell lowest in the 15 years, making market going in uncharted dominion.
ICICI Securities said in a note to clients, “Many will shift towards liquid and safer financial assets due to rise in loss of the income”.
New Delhi, India: India’s Rs 20 lakh crore COVID relief package is one of the largest among the world announced on Tuesday by Prime Minister Narendra Modi. PM also announced previously taken measures to save the COVID impacted the economy by focusing on breaks of taxes for small scale businesses and providing incentives to domestic manufacturing units.
Washington: The United States of America reported a $ 738 billion budget deficiency in the month of April 2020, resulting in an explosion in government spending and contraction of revenues in the middle of the novel coronavirus epidemic putting it deep into the red.
The Franklin Templeton mutual fund fiasco seems to hit mutual funds very badly. Most debt mutual fund categories witnessed very huge outflows in the last month i.e., April. The category hit very badly out of all is credit risk funds, which saw an outflow of Rs 19238.92 crore in April- data sourced by AMFI (Association of Mutal funds in India).