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Domestic News

Safe Harbour System Rates Unchanged 2020-2021

safe-harbour-framework-rates-unchangedThe 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.

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Business News Markets News Stocks

Nifty Bank Fears of Rising NPAs Loom Resulting Huge Shorting

banks-take-a-huge-beating-defence-stocksMumbai: 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.

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Business News Markets News Stocks

SEBI Asks Listed Companies to Disclose Financial Impact of Lockdown on Business

SEBI-Asks-Listed-Companies-Disclose-Financial-Impact-of-Lockdown-on-BusinessSecurities 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.

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Business News Markets News

BSE SME Platform Annual Listing Fee Down By 25%

bses-sme-platform-cuts-down-annual-listing-fee-by-25As 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.

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Business News Domestic Industry News Telecom

Private Equity Firm Atlantic to Invest in Jio Platforms

Atlantic-Invest-in-Jio-PlatformsGeneral 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.

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Business News Markets News Stocks

Dalal Streets : Odds are in Favor of Bears

odds-are-favouring-the-bears-on-dalal-streetThe 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.

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Business News Markets News Stocks

India Households flying to Safety benefiting banks and Insurers

flight-to-safety-by-households-may-benefit-banks-insurersICICI Securities said in a note to clients, “Many will shift towards liquid and safer financial assets due to rise in loss of the income”.

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Business News Domestic Economy Finance News

The Mega Stimulus Package of Rs 20 Lakh Crore

Mega-Stimulus-Package-Rs-20-Lakh-CroreNew 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.

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Business News International News

$738 billion budget deficit recorded in April | U.S.A

us-reported-a-record-738-billion-budget-deficit-in-aprilWashington: 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.

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Business News Domestic International Mutual Funds News

Debt, Hyrbid Funds Advisors blaming Franklin Fiasco for Seeing large outflows in April

Advisors-blaming-Franklin-FiascoThe 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).