Here are some stocks that are in the news today:CSB Bank: The lender is to make a debut on bourses on December 4, final issue price at Rs 195 per share.Close Ujjivan Small Finance Bank IPO closes today related news This stock has gained 77% in the last 14 consecutive sessions Shakti Pumps shares fall 3% after CARE revises credit rating BPSL insolvency: NCLAT asks ED, Centre to file affidavits on JSW Steel immunity plea on Dec 12 Crompton Greaves Consumer Electricals: SBI Mutual Fund bought 30,096,000 shares of the company through a bulk deal on BSE.Max India - IRDAI approves divestment of its 51% stake in Max Bupa Health Insurance Company to True NorthIFCI - ICRA revised ratings of fund based Bank limits, long term bonds (including Subordinated Debt) and bonds / NCD (Public Issue) from ICRA BBB to ICRA BBB-Future Consumer: CARE Ratings has re-affirmed its rating assigned to the company's commercial paper worth Rs 100 crore.Natco Pharma: The company had completed the … [Read more...] about Stocks in news: Max India, CSB Bank, CG Consumer, HDFC AMC, Bajaj Finance, Natco Pharma, NBCC
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Wall Street ended solidly higher on Friday as a strong jobs report and optimism about US-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.All three major US stock indexes gained ground, hovering within 1 percent of record highs set last week.But as a tumultuous week of contradictory trade news and mixed economic data drew to a close, only the S&P 500 posted a weekly gain. The Dow and the Nasdaq ended the session down from last Friday's close.Close The US economy added 2,66,000 jobs in November, the largest increase in 10 months, according to the Labor Department, blowing past analyst estimates. The unemployment rate edged down to 3.5 percent. related news Wall Street opens higher after strong jobs data, calmer tone on trade Wall Street inches higher as December 15 tariff deadline looms "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said … [Read more...] about Wall Street climbs on solid jobs data, trade hopes; Dow Jones rallies over 300 pts
Finance Minister Nirmala Sitharaman on December 7 said that a tax rate cut proposal is “one among the many things we are thinking to boost growth.”Sitharaman made the statement at the Hindustan Times Leadership Summit, where she addressed a gamut of issues.The Finance Minister added that they would listen to learned economists who “are telling us that we have to move towards more fiscal stimulus.”Close In what would be good news for the common man, she further spoke about simplifying the tax regime and making it harassment-free. related news Moneycontrol Pro Weekender: The curious incident of the MPC in the slowdown Unnao case: Want to see accused shot dead or hanged, says victim's father Bank of Japan to consider offering bleaker view on output as trade war bites: Sources “We have commenced tax enquiries through the 'faceless' method and are moving towards harassment-free tax assessment – a simplified and exemption-free tax … [Read more...] about Tax cuts under consideration, focus on boosting growth, says Nirmala Sitharaman
December is that month of the year when activities in automotive companies cool down considerably especially in marketing and promotion of new products. It is also the period of drawing and redrawing targets for the coming year.But this is not the usual December.Companies are breaking their backs at work instead of readying for a leisure holiday. More on this in the latter part of the copy, but first here is a complete look at what made headlines in the auto space this week.Close Mercedes to launch EV in India in 2020 related news Tax cuts under consideration, focus on boosting growth, says Nirmala Sitharaman Moneycontrol Pro Weekender: The curious incident of the MPC in the slowdown Robots are not just taking away jobs, they are making life tougher for staff In 2020, two German luxury carmakers -- Mercedes and Audi -- will enter the electric vehicle (EV) market with an India launch each as the push for greener mobility gathers steam in the luxury … [Read more...] about This week in Auto: Carmakers keep December unusually hot; Bajaj launches Husqvarna in India
Manas ChakravartyMarkets across the world have suddenly been spooked by fears of a growth slowdown. Here’s what the Reserve Bank of India said in its monetary policy statement a few days ago: "…global economic activity has shown increasing signs of weakness on rising trade tensions. Among advanced economies, economic activity appears to be slowing in the US in Q42018, after a buoyant Q3. The Euro area growth lost pace in Q3, impacted by weaker trade growth and new vehicle emission standards. The Japanese economy contracted in Q3 on subdued external and domestic demand."The RBI said growth was also slowing in some emerging markets, most importantly China. For India too, there have been warnings of lower growth after the September quarter gross domestic product growth came in lower than anticipated. Fitch Ratings has been the latest to jump aboard the bandwagon, reducing its estimate of India's GDP growth this fiscal from 7.8 percent earlier to 7.2 percent.Close … [Read more...] about Quick Take | Does the market really have a reason to worry about lower global growth?