Equity funds in July witnessed an outflow for the first time in more than four years, with outflow in equity cash segment doubling compared to June.The inflow into equity funds has been declining for five consecutive months. In July, mutual fund houses sold Rs 2,480 crore in equity schemes against an inflow of Rs 240 crore in June. The outflow in the cash segment was Rs 7,231.99 crore in July against Rs 3,689.67 crore in the previous month. … [Read more...] about Mutual funds bought 10 stocks and exited 9 in July, do you own any?
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In the futures market, natural gas for August delivery touched an intraday high of Rs 166.30 and an intraday low of Rs 161.50 per mmBtu on MCX. So far in the current series, natural gas has touched a low of Rs 121.40 and a high of Rs 171.60. … [Read more...] about Natural gas futures up 3.72% to Rs 164.50 per mmBtu on pickup in demand
So, the issue of re-capitalisation will only happen when the impact of increase episode of the NPAs will actually get in the system they haven't done so. we are still within the moratorium has and then after the moratorium phase there will be a phase when these NPA will come. we have tried to again minimise this to the extent possible, by extending 100 percent guarantee from or side to MSMEs. So, those incremental lending is guaranteed by us. we found other means as well to try and make sure there s no cascading effect of NPA that shoots up in the system. So capitalisation is something which is further down the track. What we now currently need to do is as we discussed we need to go to a rebuild phase and during the rebuild phase we need to make sure that banking position is in a position, to support and lend money and for that we banks do have resources. Something like, a (6-7) lakh crore of the resources are being put by bank as reverse Repo, as you … [Read more...] about Exclusive I Sanjeev Sanyal on economic recovery, IBC, financial doles, gold monetisation scheme and more
The IAF issued Request for Proposal (RFP) for 15 Limited Series Production (LSP) helicopter (10 for IAF and 5 for Army) and HAL had submitted its response, it said, adding, technical evaluation and the price negotiations have been concluded and the order is expected shortly. … [Read more...] about HAL’s Light Combat Helicopters deployed for operations at Leh amid LAC tensions