Saturday, February 28, 2015

ECONOMIC SURVEY 2014-15 HIGHLIGHTS

  • Following are the highlights of Economic Survey 2014-15 presented by Finance Minister Arun Jaitley in Parliament on 27-02-2015.
  • GDP growth seen at 8.1–8.5 per cent in 2015-16
  • Double digit growth trajectory; 8–10 per cent GDP in coming years
  • Inflation shows declining trend during April-December
  • Current Account Deficit (CAD) to decline to about 1 per cent in 2015-16
  • To adhere to fiscal deficit target of 4.1 per cent of GDP; to aim for 3 per cent
  • Committed to fiscal consolidation; to enhance revenue generation
  • More reforms on anvil; Goods and Services Tax, expanding direct benefit transfers to be game-changers
  • Foodgrains production for 2014-15 estimated at 257.07 million tonnes; will exceed last 5-year average by 8.5 million tonnes
  • NITI Aayog, 14th Finance Commission to enhance fiscal federalism
  • External Sector returning to strength, resilience
  • Need balance between ‘Make in India’ and ‘Skilling India’
  • Services sector negotiations at WTO crucial for India in removing many market access barriers
  • Revitalise PPP model to revive investment
  • Manufacturing and services equally important for growth
  • Consumer inflation in 2015-16 to be between 5-5.5%
  • Lower inflation opens up space for more monetary easing
  • There is scope for big bang reforms
  • Labour, capital, land, market reform and skills to be engines of growth
  • JAM Trinity — Jan Dhan Yojana, Aadhaar, Mobile — to help transfer of funds to poor without leakage
  • Shield domestic industry to promote ‘Make In India’
  • Borrowings to fund investment, not for meeting expenses
  • Food subsidy bill in April-Jan up 20% to Rs. 1.08 lakh cr
  • Reform Railway’s structure, commercial practices, overhaul of technology
  • Public investment key growth engine in short-run for Railways, but not a substitute for private investment
  • More disinvestments on the anvil in current fiscal
  • Under-recoveries on petroleum products to come down to Rs. 74,664 crore in 2014-15, from Rs. 1.39 lakh crore in FY14
  • 4Ds — Deregulation, Differentiation, Diversification, Disinter (better bankruptcy laws) — to push financial sector growth
  • Implementation of GST to boost GDP, exports
  • Suggests medium to long term fiscal policy to target deficit, expenditure
  • Global commodity prices to remain weak in 2015
  • E Commerce sector to witness 50% growth in 5 years.
  • Thursday, February 26, 2015

    SUN PHARMA CLARIFIES ON RECALLS

    Sun Pharmaceutical has clarified with respect to news article appearing in a daily on February 24, 2015 titled Sun recalls 3263 bottles of epilepsy drug in U S.

    Sun Pharmaceutical  says that this is a voluntary recall and there is no material impact, of the matter referred to in the article, on the performance / operations of the Company.

    IPO ANALYSIS: ADLABS ENTERTAINMENT LIMITED - AVOID



    ISSUE OPENS  / CLOSES ON

    10-03 / 12-03- 2015
    ISSUE SIZE
    2.03 CRORE SHARES
    PRICE BAND
     ----
    FACE VALUE
    RS 10
    PROMOTERS
    MANMOHAN SHETTY AND THRILL PARK

    BUSINESS

    THEME PARK / ENTERTAINMENT


    LISTING
    BSE AND NSE




    BRLM
    DEUTSCHE EQUITIES, CENTRUM CAPITAL AND KOTAK MAHINDRA CAPITAL

    REGISTRAR

    LINK IN TIME

        AWAIT DETAILED  ANALYSIS

    Tuesday, February 24, 2015

    FORTHCOMING IPO: SHREE SHUBHAM LOGISTICS LIMITED





    ISSUE SIZE
    RS 210 CR
    PRICE BAND
    NA
    FACE VALUE
    RS 10
    PROMOTERS
    KALPATARU POWER TRANSMISSION LIMITED, MR. ADITYA BAFNA AND MR. SHUBHENDRA KUMAR BAFNA

    BUSINESS

    LOGISTICS


    LISTING
    BSE AND NSE




    BRLM
    INGA CAPITAL, CITI GLOBAL AND IDFC SECURITIES

    REGISTRAR

    LINK INTIME



    Monday, February 23, 2015

    NSE NEWS : Live Trading Session on February 28, 2015.


    NSE has  notified live trading session for 28th Feb as follows: 

    Saturday, February 28, 2015 Time Normal Market Open 09:15 hrs.

    Normal Market Close 15:30 hrs. 

    Position Limit/Collateral value Set up cut off time 16:15 hrs. 

    Trade modification end time 16:15 hrs.

    RAJESH EXPORTS BAGS AL MALEK JEWELLERY EXPORT ORDERS WORTH RS 732 CR


    BANKS UNIONS WAGE TALK : IBA MAY AGREE FOR 15% HIKE

    IBA is expected to strike a deal with the bank unions in today's all important wage negotiation meeting. 

    PSU banks participation is crucial for implementation of various Central government schemes including the latest Jan Dhan Yojana.

    Finance Minister Arun Jaitley  has also appealed to bank employee unions to call off their proposed four-day nationwide strike from February 25 as talks are on for a revision of wages of employees.

    IBA is expected to strike a deal with the unions and may agree for 15% wage hike, as demanded by the unions. 


    Sunday, February 22, 2015

    SEBI NEWS : MARKET TO REMAIN OPEN ON BUDGET DAY

    Ending weeks of speculation SEBI has informed that both the exchanges will remain open for trading on the Budget Day of February 28.

    ECL FINANCE NCD OPENS ON 26-02-2015



     ECL FINANCE LTD's NCD  offer opens on 26th  February 2015.

    OFFER DETAILS :
    Options
    I
    II
    III
    IV
    V
    VI
    Tenure
    36 Months
    60 Months
    Frequency of Interest Payment
    Monthly
    Annual
    Cumulative
    Monthly
    Annual
    Cumulative
    Face Value
    Rs.1000
    Minimum Investment Amt
    Rs.10000
    Effective Yield (p.a) - Individual
    10.47%
    10.45%
       10.45%
    10.64%
    10.60%
    10.60%
    Credit Rating
    ‘CARE AA’ [DOUBLE A] by CARE & ‘[ICRA] AA (Stable)' by ICRA

    Friday, February 20, 2015

    SHANGHVI REPLACES MUKESH AS RICHEST INDIAN

    Dilip Shanghvi, who holds over 63% holding in three group companies — Sun Pharma, Sun Pharma Advanced Research and Ranbaxy Labs — is worth about Rs 1.46 lakh crore. 

    In comparison, Ambani, through his 45% holdings in two group companies — RIL and Reliance Industrial Infrastructure — is worth around Rs 1.32 lakh crore .

    IPO NEWS : RJ, NANDAN PICKS STAKE IN CAFE COFFEE DAY

    Ace investor RJ and Infosys co founder Nandan Nilekani  have bought stakes in Cafe Coffee Day. The company intend to hit the primary market soon. 

    TCS IS THE FASTEST GROWING BRAND IN THE WORLD

    IT  major TCS grew to USD 8.7 billion in 2015, clipping at a growth of 271 per cent from USD 2.3 billion in 2010, making it the fastest growing software brand in the world over the past five years

    Thursday, February 19, 2015

    ABN AMRO SELECTS INFY AS PARTNER

    Infosys Ltd has informed  the exchanges that ABN AMRO Selects Infosys as One of the Strategic Partners to Drive its Business Transformation Program.
     

    BSE REVISES CIRCUIT FILTER FOR 20 STOCKS

    BSE has revised circuit filter for the following stocks with effect from February 19, 2015.

    Sr. No.
    Scrip Code
    Scrip Name
    Circuit Filter % Revised to
    1
    506128
    Parnax Lab Ltd
    10
    2
    524594
    Ashok Alco Chem Ltd
    10
    3
    531663
    Yuvraaj Hygiene Products Ltd
    10
    4
    531687
    Karuturi Global Ltd
    10
    5
    532667
    Suzlon Energy Ltd
    10
    6
    532869
    Tarmat Ltd
    10
    7
    532907
    IL&FS Engineering and Construction Company Ltd
    10
    8
    530381
    Petron Engineering Construction Ltd
    10
    9
    536666
    Star Ferro and Cement Ltd
    10
    10
    538857
    Scintilla Commercial & Credit Ltd
    10
    11
    533401
    Servalakshmi Paper Ltd
    10
    12
    590056
    Salona Cotspin Ltd
    5
    13
    530967
    Kyra Landscapes Ltd
    5
    14
    500372
    Samtel Color Ltd
    5
    15
    532972
    Sankhya Infotech Ltd
    5
    16
    526067
    KCCL Plastic Ltd
    5
    17
    511609
    ISL Consulting Ltd
    5
    18
    522650
    Bemco Hydraulics Ltd
    5
    19
    536820
    Boston Teknowsys (India) Ltd
    2
    20
    538786
    Citizen Infoline Ltd
    2