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News

31-May-2018

EDELWEISS AUDITOR RESIGNS


31-May-2018

https://twitter.com/CNX500/status/1002206709392195584?s=19


29-May-2018

Strong quarter for liquor companies! Q4 EBITDA Margin: Radico Khaitan: 13.8% vs 11.9% Som Distilliries: 16.6% vs 10.3% United Spirits: 12.6% vs 12.9% United Breweries: 14.2% vs 9.1% ​Molasses factory prices have crashed from 36-7 to ​2​5-26/kg in last 7 months​!


28-May-2018

Effective June 01, Exchanges will start levying penalty on FNO shortfall in SPAN + EXPOSURE Margins for trade date and penalty on non-collection of MTM Losses within the next working day ( T + 1 ) day . Currently , there is no requirement for having Exposure margin or MTM collection to be reported to exchanges. Exchanges have clarified that MTM losses have to be settled through payment and not by excess collaterals . So even if your clients have securities worth crores, MTM losses have to be paid by payment through cheque or RTGS or NEFT or old settled ledger credits . This therefore requires excess collaterals and liquidity on hand. Selling Liquid bees kept for liquidity may not help as credit will come on T + 2 days and MTM losses are required on T +1 day. Please also note that three consecutive margin shortfall cases or five instances of shortfall in a month attracts 5 % penalty and not 1 % . All are requested to ensure compliance of the same and be extremely careful .


26-May-2018

SEBI clears extension in trading hours The trading hours are between 9 AM and 5 PM.


23-May-2018

In investing always remember that Rome was not built in a DAY... In Trading always remember that Hiroshima and Nagasaki was destroyed in a DAY


22-May-2018

AVIATION MINISTRY SUGGESTS TO TAX ATF @ 12% UNDER GST. +V FOR INDIGO & JET.


20-May-2018

BANK OF INDIA GET RS 1993 CRORES IN TATA STEEL - BHUSHAN STEEL DEAL.


20-May-2018

Predicted last week about Personal Care sector. Although, during the week, Nifty was down by over 300 points, this sector out performed & Hind Unilever was up by 8%, Colgate by 10% & Jyothy Lab shot up by 20%. Other stocks from this sector i.e.; Marico, P&G & Gillette also closed in green. This is power of Astrology. This sector will continue getting strong astrological support for next few weeks.


19-May-2018

A historic moment! Tata buys Bhushan Steel for Rs 36k crores + 12 pc equity. Cheque handed over. First big case fully resolved under IBC. This is as important as 1991 in our economic history Not only did Tatas buy Bhushan, the recovery amount is over 90pc of the principal amount. Most of this will now go back to the banks and start their recovery. Expect more resolutions soon.