ITC Hotels partners with Swiggy to deliver food delicacies at customers' doorsteps Railways issues guidelines for TTEs on board 100 pairs of special trains to run from June 1 Coronavirus Essential podcast | India's GDP slows sharply, is the virus here to stay despite vaccines? … [Read more...] about Aegon ties up with Flipkart for life insurance plan with COVID-19 cover
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‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
Edited excerpt:Q) Market saw a sharp downtick on Friday after RBI MPC outcome. What was the reason why markets fell – is it banks or the negative growth rate which weighed on markets?A) Banking stocks witnessed selling after the RBI extended moratorium granted on loans by another three months. Although this measure gives relief to borrowers, it adds significant uncertainty to the bank's asset quality and earnings in the near-term.Weak global markets also impacted the sentiments. Among Nifty stocks, Axis Bank was the top loser, down 5.67 percent followed by HDFC and Bajaj Auto, which fell 4.99 percent and 3.28 percent respectively.The Bank Nifty failed to hold its crucial support of 17,400 and slipped towards 17,100. The selling pressure witnessed in Bank Nifty eventually led to Nifty’s decline by the end of the session. … [Read more...] about ‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
LIC made fresh investment in 16 stocks, bought additional stake in 43 counters in Q4
Prashanth Tapse said larger institutions usually accumulate blue chip companies in panic scenarios which have greater ability to withstand the slowdown pressure because well managed & stronger balance sheets and also give comforts in investing in this uncertain environment as leaders expected to lead the recovery in the growing economy, as and when things start to normalise. … [Read more...] about LIC made fresh investment in 16 stocks, bought additional stake in 43 counters in Q4
