Saturday, 29 October 2016
Mumbai Port plans Rs 225 cr cruise terminal on PPP model
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The Mumbai Port, one of the oldest in the country, will be investing Rs 225 crore to build a modern passenger terminal that can cater to cruise ships. "We have identified cruise shipping as a focus area, which can help the city as well. We will soon be floating tenders for a passenger terminal which will be built on a PPP model," Mumbai Port Trust chairman Sanjay Bhatia said. Cost of the project is Rs 225 crore, he said, adding that earlier estimate was Rs 130 crore. Work on the terminal, which will resemble an airport and have the capacity to handle thousands of passengers disembarking from a single ship, will be over in next two years, he said.
The Port Trust, which would welcome its first big cruise ship tomorrow, has dedicated a berth to such ships and expects to get 59 ships by next May, Bhatia said, adding this will go up to 100 in the season after it and to 150 the year later. Every ship will bring at least 2,000 passengers, which will support the local economy, he said.
Sun TV group gets nod to operate 5 Radio channels
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The Information and Broadcasting ministry have given permission to a company related to the Sun TV Network to operate five channels that they had bagged in e-auction in the first batch of Private FM Phase III expansion last year. It is learnt that South Asia FM, which had bid for five channels, has been given clearance by the I&B ministry. Earlier, as the Home Ministry had not provided the mandatory security clearance to the company, the permissions had been held up.
Red FM COO Nisha Narayanan confirmed the development and said that permissions have been granted by the ministry for five radio channels which will now come up in Chandigarh, Patna, Amritsar, Surat and Jammu.
India abstains from voting on nuclear weapons ban at UN
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A UN General Assembly committee has adopted a resolution to launch negotiations next year on a new treaty outlawing nuclear weapons, even as India abstained saying it is not convinced the move can lead to a comprehensive instrument on nuclear disarmament. The General Assembly's First Committee, which deals with disarmament and international security, adopted the draft resolution yesterday on nuclear disarmament negotiations. Through the resolution, the General Assembly would reiterate that the universal objective of taking forward multilateral nuclear disarmament negotiations remains the achievement and maintenance of a world without nuclear weapons.
The resolution emphasises the importance of addressing issues related to nuclear weapons in a comprehensive, inclusive, interactive and constructive manner, for the advancement of multilateral nuclear disarmament negotiations. It also decided to convene in 2017 a United Nations conference to negotiate a legally binding instrument to prohibit nuclear weapons, leading towards their total elimination. The resolution was adopted with 123 votes in favour, 38 against and 16 abstentions.
SBI, ICICI Bank cut lending rates
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Top two lenders in the country, State Bank of India (SBI) and ICICI Bank , today announced a cut of 0.15 percent and 0.10 percent in their lending rates respectively under a new system of computation, signalling a further dip in borrowing costs ahead of the busy season. Private sector lender ICICI Bank was the first to announce a cut of 0.10 percent in its marginal cost of funds based lending rate (MCLR) across tenors, which was followed by a similar move by the country's largest lender SBI, but of a larger measure of 0.15 percent.
Under the revised rates, the one-year MCLR which determined a slew of products including home loans for SBI stands at 8.90 percent, while the same for ICICI Bank are at 8.95 percent. The revised rates are effective from November 1 in case of both the banks. SBI has kept the overnight MCLR, which is the most aggressive offering, at 8.65 percent, while the one month is at 8.75 percent. The announcements come after repeated displeasure shown by the regulator for not passing on the benefits of cuts to borrowers and give a boost to the sagging economic growth.
Maruti, Hyundai sell over 45k cars on Dhanteras
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The country's top two carmakers Maruti Suzuki and Hyundai said they sold over 45,000 units on Dhanteras today. Maruti Suzuki India Ltd's deliveries on Dhanteras is expected to be around 30,000 vehicles, a company official said. "This is around 20 per cent more than last year," the official added. Likewise, Hyundai Motor India Ltd (HMIL) also reported good sales on Dhanteras, considered auspicious for making new purchases. "This Dhanteras, the customers have done heightened purchases with deliveries of 15,153 Hyundai cars, the growth of 26 percent over last year," HMIL Senior Vice President Sales and Marketing Rakesh Srivastava told PTI.
He further said: "We expect to have 50,000-plus deliveries for the full month, making this festival season as the best in the last couple of years." Good monsoons, better consumer sentiments and 7th Pay Commission award have fuelled demand for automobiles.
United Bank of India's board meeting on November 07, 2016
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United Bank of India has informed BSE that the meeting of the Board of Directors of the Bank will be held on November 07, 2016, inter alia, to consider, approve and adopt the unaudited financial results of the Bank for the quarter and half-year ended September 30, 2016.
Friday, 28 October 2016
आज है धनतेरस, शुभ मौके पर निवेश कितना होगा फलदायी!
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आज धनतेरस है और आज का निवेश शुभ माना जाता है। भारत में इस मौके पर आमतौर पर लोग सोने में निवेश करते हैं, कहीं चांदी मे निवेश का भी चलन है। लेकिन पिछले एक साल के दौरान पूरे एसेट क्लास में सोने और चांदी ने सबसे ज्यादा रिटर्न दिया है। आज के इस शुभ मौके पर निवेश कितना फलदायी होगा और निवेश कैसे करें कि आपको बेहतर रिटर्न मिले, ये जानने के लिए लेकर आए हैं हम ये खास पेशकश।
इस संवत में सोने ने निवेशकों को 17 फीसदी का रिटर्न दिया है, तो चांदी ने 22 फीसदी का रिटर्न दिया है। वहीं सेंसेक्स में 8 फीसदी और निफ्टी में 10 फीसदी की बढ़त दर्ज की गई है। पिछले 5 साल के सोने के रुझान पर नजर डालें, तो 2012 में सोने ने 19 फीसदी का पॉजिटिव रिटर्न दिया है लेकिन 2013 में 5 फीसदी का निगेटिव रिटर्न दिया था। 2014 में भी सोने से 10 फीसदी निगेटिव रिटर्न मिला है और 2015 में भी 6 फीसदी का निगेटिव मिला। हालांकि, इस साल 2016 में अब तक सोने ने 17 फीसदी का पॉजिटिव रिटर्न दिया है।
पिछले 5 साल के चांदी के रुझान पर नजर डालें, तो 2012 में चांदी ने 15 फीसदी का पॉजिटिव रिटर्न दिया है लेकिन 2013 में 20 फीसदी का निगेटिव रिटर्न दिया था। 2014 में भी चांदी से 20 फीसदी निगेटिव रिटर्न मिला है और 2015 में भी 10 फीसदी का निगेटिव मिला। हालांकि, इस साल 2016 में अब तक चांदी ने 22 फीसदी का पॉजिटिव रिटर्न दिया है।
धनतेरस पर सोने के भाव पर एक नजर डालते हैं, 2012 में सोने का भाव 31650 रुपये प्रति ग्राम था। 2013 में सोने का भाव 29850 रुपये प्रति ग्राम था। 2014 में सोने का भाव 27500 रुपये प्रति ग्राम था। 2015 में सोने का भाव 25800 रुपये प्रति ग्राम था। इस बार, 2016 में सोने का भाव 30400 रुपये प्रति ग्राम के आसपास है। वहीं धनतेरस पर चांदी के भाव पर भी एक नजर डालते हैं, 2012 में चांदी का भाव 61000 रुपये प्रति किलो था। 2013 में चांदी का भाव 48700 रुपये प्रति किलो था। 2014 में चांदी का भाव 38800 रुपये प्रति किलो था। 2015 में चांदी का भाव 34850 रुपये प्रति किलो था। इस बार, 2016 में चांदी का भाव 42500 रुपये प्रति किलो के आसपास है।
गोल्ड ईटीएफ के ट्रेंड पर भी गौर किया जाय तो 2013-14 में इससे 2293 करोड़ रुपये की निकासी हुई, तो 2014-15 में 1475 करोड़ रुपये की निकासी की गई। 2015-16 में गोल्ड ईटीएफस से 903 करोड़ रुपये की निकासी गई है, जबकि 2016-17 में सितंबर महीने तक 539 करोड़ रुपये की निकासी हुई है। देश में सोने के इंपोर्ट पर भी गौर करते हैं, इस साल जून में 23 टन सोने का इंपोर्ट हुआ है। जुलाई में 20 टन, अगस्त में 25 टन और सितंबर में 30 टन सोने का इंपोर्ट हुआ है। अक्टूबर में 60 टन सोने का अनुमान है।
दिवाली-धनतेरस पर ज्वेलरी बिक्री के आंकड़ों पर नजर डालें तो 2013 में 40 फीसदी की निगेटिव ग्रोथ देखने को मिली थी, लेकिन 2014 में ज्वेलरी की बिक्री में 30 फीसदी और 2015 में 15 फीसदी की ग्रोथ दर्ज की गई थी। गौरतलब है कि पिछले 4 साल में पहली बार सोने और चांदी में पॉजिटिव रिटर्न देखने को मिला है। 3 साल की गिरावट के बाद सोने और चांदी में तेजी लौटी है। फिर भी इस साल सोना रिकॉर्ड स्तर से भी 8 फीसदी सस्ता ही है। अब सोने की कीमतों की आगे की चाल को लेकर अमेरिका में ब्याज दरों पर बाजार की नजर है।
अमेरिका में दरें बढ़ीं तो सोने और चांदी के भाव में गिरावट संभव है। साथ ही भारत में इंपोर्ट ड्यूटी घटी तो सोने में गिरावट देखने को मिल सकती है। इस साल सोने की मांग में करीब 50 फीसदी की कमी आई है। सोने में निवेश आप हाजिर बाजार के जरिए तो कर ही सकते हैं, लेकिन वायदा के अलावा ईटीएफ और गोल्ड बॉन्ड से भी सोने में निवेश किया जा सकता है। फिलहाल गोल्ड बॉन्ड का छठा चरण 2 नवंबर तक खुला रहेगा। गोल्ड बॉन्ड के इश्यू प्राइस पर 50 रुपये की छूट दी जा रही है। गोल्ड बॉन्ड का इश्यू प्राइस 2957 रुपये प्रति ग्राम है। गोल्ड बॉन्ड पर आपको 2.5 फीसदी की दर से ब्याजा मिलेगा।
Chinese businesses can make 'fat gains' in India
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Arguing that anxieties of Chinese businesses in investing in India are "overblown", official media today said investors can make "fat gains" by cashing in on the rapid growth in India's manufacturing sector and staying away is indisputably an "unwise choice".
Making a strong case for why Chinese should rush their investments to India, an article in the official daily Global Times said "the rapid growth in India's manufacturing sector has thus far had little to do with Chinese capital".
Nifty inches towards 8650, Midcap outperforms; ICICI Bank falls
European markets were lower as earnings season continues amid heightened expectations that the US Federal Reserve will raise rates in the near-term. The pan-European STOXX 600 was down 0.88 percent.
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Profit Earning Muhurat Trading Calls : Client's Special
 |
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Indian-Americans raise over USD 10 mln for Clinton Campaign
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Indian-Americans are believed to have raised at least USD 10 million towards the election campaign to elect Democratic presidential candidate Hillary Clinton as the next president of the US.
At least two of the Indian-Americans philanthropist Frank Islam from Maryland and Shefali Razdan Duggal from California alone have helped raising a million dollar each for the presidential campaign of the former First Lady and the secretary of state, campaign insiders told PTI. Notably the Hillary Campaign does not give details of the major fundraisers and the amount of money raised by them.
Sensex, Nifty flat; jewellery stocks rally on Dhanteras day
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Tata Steel said it continues to pursue European consolidation strategy and is in talks with ThyssenKrupp AG for potential JV for European steel business, following purported disclosure from ousted chairman Cyrus Mistry that some group firms could face a potential write-down of USD 18 billion.
"In response to the recent media reports, Tata Steel would like to clarify that it continues to pursue its European consolidation strategy and the talks with ThyssenKrupp AG (as announced on July 8, 2016) for a potential joint venture of its European steel business are currently ongoing and progressing," Tata Steel said in a BSE filing.
Buy HCL Technologies; target of Rs 1000
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HCLT reported CC revenue growth of 2.8%QoQ in line with our estimates. EBIT margin dipped 46bpsQoQ to 20.1% due to partial impact of salary hike (80bps). HCLT maintains its CC revenue growth guidance of 12%-14% (3.2% inorganic) which is ahead of peers in the large cap IT space. HCLT is trading at fair valuations of 12.8x based on FY18E earnings; Revenue growth towards the upper end of its guidance will drive upgrades for the stock.
Maintain BUY with a Sep’17 TP of Rs 1,000. HCLT maintained its guidance for CC organic revenue growth of 9%-11% which is higher than peers in the large cap IT space. We pare our earnings estimate for FY18/FY19 by 4%/3% on account of rupee appreciation, higher depreciation charge and tad lower treasury income. We maintain our BUY recommendation with a Sep’17 TP of Rs 1,000 based on 14.5x one year fwd.
Tata Steel says European consolidation strategy
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Tata Steel today said it continues to pursue European consolidation strategy and is in talks with ThyssenKrupp AG for potential JV for European steel business, following purported disclosure from ousted chairman Cyrus Mistry that some group firms could face a potential write-down of USD 18 billion. "In response to the recent media reports, Tata Steel would like to clarify that it continues to pursue its European consolidation strategy and the talks with ThyssenKrupp AG (as announced on July 8, 2016) for a potential joint venture of its European steel business are currently ongoing and progressing," Tata Steel said in a BSE filing.
"However, there can be no guarantee that these talks will result in a definitive agreement between the parties," it added. The company put it on record that Tata Steel UK is also deeply engaged with all relevant stakeholders in the UK to find a structural solution and a way forward with regard to the affordability of the legacy pension scheme liabilities. Tata Steel said it is pursuing a separate process for the potential sale of the South Yorkshire-based Specialty Steels business in the UK.
Asian Markets Mixed; Nikkei up 0.5%
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Asian markets turned mixed after opening positive, as oil prices begin to slip after an initial bounce in the US on OPEC comments. The ASX 200 fell 0.24 percent, weighed by declines in its financials subindex, which was down 0.51 percent. Losses were offset by strength in the energy subindex, which gained 0.48 percent, and the materials sector, up 0.68 percent.
In Japan, the Nikkei 225 was up 0.53 percent, despite the weaker economic data released. A weaker yen likely drove the market's gains. The dollar/yen pair broke past 105 levels around the time of London Stock Exchange's close, on the back of a stronger dollar.
The currency pair was trading at 105.15 as of 8:52 am HK/SIN, but may struggle to remain above 105, an analyst said.
British data Prompts Global Bond sell-off; Wall Street Falls
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Strong growth data out of Britain prompted the biggest daily sell-off in government debt for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations eased for a Bank of England interest rate cut.
The bond sell-off gained momentum in the United States after upbeat jobless claims data pointed to another robust nonfarm payrolls number next week. Wall Street closed lower, dipping in a choppy session after the latest round of earnings reports.
Losses in Comcast and consumer discretionary stocks offset gains in the healthcare sector, while European stocks slid and the US dollar advanced against the Swedish crown and Japanese yen. Official data showed that growth in Britain's economy slowed only slightly in the three months after it voted to exit the European Union.
It grew 0.5 percent between July and September, a touch less than the second quarter's 0.7 percent, enough to temper fears about an immediate economic impact following the Brexit decision.
Thursday, 27 October 2016
Gamesa bags 130 MW solar power project order from Atria Power
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Renewable energy firm Gamesa India has bagged a 130 MW solar project from Atria Power to be commissioned in Karnataka and Andhra Pradesh by March 2017. This is the biggest order since the company's entry into Indian solar market in 2015, Gamesa said in press release. According to statement, Gamesa will handle complete value chain of Design & Engineering, Procurement, construction, commissioning and O&M of the project with the supply of 96 units of Gamesa E-1.37MW hybrid cooled solar inverter.
Atria Power, which is involved in small hydro projects in India, is rapidly expanding in wind, solar PV, solar thermal and hybrid power projects, the statement said. Atria Power, backed by multiple marquee investors including Energy Financial Services (An affiliate of GE Inc.), is poised to cross 350MW of operating capacity across these technologies within this short span of two years.
Sensex opens flat, Nifty below 8600
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India's biggest car manufacturer Maruti Suzuki is expected to report stellar performance in July-September quarter with profit rising a whopping 52 percent year-on-year to Rs 1,868 crore but margin may decline. Revenue during the quarter is seen rising 30 percent year-on-year to Rs 18,222 crore as the mix shifted towards high priced vehicles like Vitara Brezza and Baleno.
Compact car segment growth was 9 percent due to success of new Baleno and Celerio. Utility vehicle segment also saw big surge due to success of Vitara Brezza and Ertiga. Maruti sold 4.2 lakh vehicles in Q2, registering a 19 percent growth compared with 3.53 lakh units sold in year-ago period with exports and domestic volumes rising 18 percent.
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