Social Security Code Bill introduced in Lok Sabha
The Bill proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide welfare benefits to all workers, including gig workers. As per the bill, millions of organised sector employees may soon have the option of reducing their provident fund contribution.
HDFC Securities maintains buy on ICICI Bank, target price Rs 565
The reduction in stress pools and consequently lower provisions and (therefo...
Reliance Securities maintains buy on Aarti Industries, target price Rs 929
The brokerage expects healthy earnings CAGR of 22% over FY19-21.
UP Police to beef up security for women
The Anti-Romeo Squads and traffic police will get 25,000 body-worn cameras and post-mortem kits, police said on Tuesday, adding that 5,000 hand-held mobile tablets along with 15,000 desktops monitors will be provided for the Crime and Criminal Tracking Networks and Systems in the current fiscal.
Buy HDFC, price target Rs 2,415: Dharmesh Shah
The analyst suggested a stoploss at Rs 2245.
Growth, rather than asset quality biggest challenge for SBI: Siddharth Purohit, SMC Global Securities
In the next two quarters, the provisioning will be higher for SBI.
ICICI Securities maintains add on Kansai Nerolac Paints, target price Rs 565
While revenue performance may be weaker, there are tailwinds such, which would drive earnings growth in FY20-FY21.
Nippon India MF narrows valuation gap with HDFC AMC post correction
Both AMC stocks declined in the past two weeks as inflows into equity have fallen drastically.
Mirae Asset Large Cap Fund, Kotak Standard Multicap, gain most inflows in 2019
According to data from Morningstar, three mutual fund schemes accumulated inflows worth more than Rs 4,000 crore in 2019.
HDFC Bank cuts MCLR by up to 15 bps
Private sector lender, HDFC Bank, cut its marginal-cost based lending rate (MCLR) for all tenors by 15 basis points (bps). According to the bank’s website, it has cut the 6-month MCLR by 10 bps to 8 percent, 1-year rate by 15 bps to 8.15 percent
Reserve Bank of India February rate cut on a knife's edge: Poll
But the central bank acknowledged there was room for further cuts.
5,000 paramilitary personnel being sent to NE in wake of protests over citizenship bill: Officials
Nearly 20 companies have been withdrawn from Kashmir, where they had been sent prior to the Centre's decision on August 5 to abrogate Article 370 provisions and split the erstwhile state of J-K into two union territories. The remaining 30 companies have been withdrawn from other places and rushed to Northeastern states, the officials said.
Sell Aurobindo Pharma, price target Rs 410: Arun Kumar
The analyst suggested a stoploss at Rs 447.
Buy Muthoot Finance, price target Rs 737: Arun Kumar
The analyst suggested a stoploss at Rs 679.
MyGate makes key leadership hires
These key hires come as the company embarks on an aggressive expansion drive to grow to 15 million homes across 40 cities in the next 18 months.
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