High non-performing assets (NPAs), or bad loans, were a big concern for the banking industry. Restructuring of loans for companies impacted by COVID and raising the LTV ratio for gold from 75 percent to 90 percent was a positive for the economy and banks, which also enthused the market, Nair said. … [Read more...] about Market gives thumbs up to RBI moves, are rate cuts not a trigger anymore?
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With Tina Turner singing, ‘I can’t stand the rain!’, you idly search for the word ‘Rain’ on Netflix. I am still hoping Amazon Prime Video will fix their search bot someday. And, an interesting mix shows up - from the Danish series simply called Rain (the predictability will set off a thousand yawns) to documentaries on drought. Once you are down a search rabbithole, you do sometimes stumble upon gems, and I did too. Keeping the theme of Pray For Rain, i.e. going back home, this film, too, is a lesson about what you will find when you go back. The Spanish film is called The Invisible Guardian. … [Read more...] about Best Netflix movies, shows to beat the monsoon blues this August
Foreign Portfolio Investors (FPIs) continue to be net sellers in India bonds in 6 out of 7 months so far in CY20! The quantum of selling is however receding.It may be a good idea for FPIs to consider some allocation to Indian Fixed income given relatively high carry and a stable currency. Note that India Forex reserves are almost at $535 bn which could offer support to INR when needed. … [Read more...] about Nahi nahi abhi nahi..abhi karo intezaar! Another rate cut likely if inflation is controlled
The 41mm Oppo Watch has a 1.6-inch display with a 320*360-pixel resolution, whereas the bigger 46mm variant has a 1.91-inch AMOLED display with a 402*476 resolution. Both the variants feature sleep monitoring and heart-rate monitoring and also come with a variety of sensors like gyroscope, accelerometer, compass, optical heart rate sensor, barometric pressure sensor, ambient light sensor, etc. … [Read more...] about Oppo Watch goes on sale starting August 10 in India: Check price, specifications, discount offers
Cipla’s mantra of ‘Balancing growth with cost leadership’ reflects in its guidance of cost savings of ~Rs5bn in FY21 led by (1) leveraging digital technology in India branded formulations – marketing, promotions, conferences, product launches, (2) calibration of R&D – focussed products in inhalation. Cipla is hopeful of leveraging the digitization practice beyond FY21 and guided for healthy operating performance. Besides attaining cost efficiencies, it is working towards becoming the global leader in inhalation (Cipla is 2nd led by GSK). Cipla has been working on six inhalation products, with launches planned between FY21-25. Of the six, Albuterol (launched, MS-65%), ProAir (approved in 4Q, working on queries), Advair and Spiriva (filed), Symbicort (in clinics). It has also launched DHE nasal spray with 180-days exclusivity. We see increasing visibility over the medium-term earnings, given signs of improving execution in India and strong US build-out. … [Read more...] about Accumulate Cipla; target of Rs 804: Dolat Capital