Parliamentary terms

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian shares had yet another forgettable week, with benchmarks ending the week more than 5 percent lower, their worst weekly showing since May 2020. The Nifty corrected sharply to end below 15,200 with a weekly loss of over 5 percent. In the last two weeks, the Nifty has corrected from 16,800 to 15,200, on weak global cues. The momentum readings on the lower time frame chart have now reached the extreme oversold zone and such setups have usually resulted in pullback moves in the recent past. On the daily chart, though prices have formed a lower low, the ‘RSI Smoothed’ oscillator has not yet breached the previous swing low. So, any pullback move from here would result in a positive divergence on the relative strength index (RSI) with the index. The market has recently seen a high inverse … [Read more...] about Hot Stocks | Here is why you should bet on Bajaj Finance, Infosys in short term

Share to Twitter Share to Linkedin Under Roe v. Wade, Millennials (those born between 1980-1995) have lived their entire lives with the legal right to abortion. Now, without that Constitutional protection, many young women living in the United States fear for their lives. This has led to heightened emotions not only for the Millennial generation, but all generations alike as protests erupt across the nation. According to findings in the most recent Millennial Impact Report , Millennials believe deeply in the power of activism to create social and political change. That said, it is likely that Millennials in support of Roe are seeking ways to thoughtfully respond to the new challenges regarding reproductive freedom. Moving forward, there is much work to be done across generations. Perhaps the overturning of Roe v. Wade could present an opportunity for Millennial activism and a chance to strengthen reproductive rights for all Americans. With conservation … [Read more...] about With Roe Overturned, Millennials Must Take Action To Ensure Long-term Reproductive Justice

The board of state-run Bank of Baroda (BoB) has approved raising up to Rs 5,000 crore through bonds in financial year 2022-23, a regulatory filing stated on June 27. The targeted amount would be raised in single or multiple tranches, the bank said, adding that it would be used for financing "infrastructure and affordable housing". "Board of Directors in their meeting held today has approved the proposal of raising of long term bonds for financing of infrastructure & affordable housing to the tune of Rs 5,000 crores in single or multiple tranches during financial year 2022-23," it informed the stock exchanges. "These bonds shall be senior, unsecured and will not form part of capital of the bank", the lender further noted. The shares of BoB closed at Rs 100 a piece at the NSE today, up 0.05 percent as compared to the previous day's close. Close The announcement of raising Rs 5,000 crore in FY23 comes days after the bank released its financial results for … [Read more...] about Bank of Baroda board approves raising up to Rs 5,000 crore in FY23

A woman takes pictures of Chinese and Hong Kong flags decorating a street, ahead of the 25th anniversary of the former British colony's handover to Chinese rule, in Hong Kong, China June 30, 2022. - A + A HONG KONG (June 30): Chinese President Xi Jinping arrived in Hong Kong on Thursday for events to celebrate 25 years since the former British colony returned to Chinese rule and the inauguration of the city's new leader John Lee. Xi's visit, via high-speed rail, is his first to the city since 2017 and the first known trip outside mainland China in over two years amid the Covid-19 epidemic. Xi, wearing a mask, stepped out of the train to be greeted by children and other people waving flowers and Chinese and Hong Kong flags, while chanting "Welcome, welcome, warmly welcome" in Mandarin. Outgoing leader Carrie Lam and her husband were among those who welcomed Xi at the train station. The city's streets had been festooned with red China flags and posters … [Read more...] about Chinese President Xi arrives in Hong Kong for handover anniversary

- A + A SERI KEMBANGAN (June 30): Country Heights Holdings Bhd (CHHB) is allocating RM100 million in capital expenditure (capex) to expand and strengthen its wellness business segment, one of its top performing pillars during the Covid-19 pandemic. The group's founder and major shareholder Tan Sri Lee Kim Yew said the Malaysian government had been championing medical tourism since before Covid-19 and had done very well in this segment even during the pandemic. The group’s healthcare subsidiary GHHS Healthcare recorded a profit of RM3.23 million in 2021 on a turnover of RM26.72 million. There is huge potential in this segment and hence the group targets to grow it by three or four times, he told reporters after the group’s annual general meeting here on Thursday (June 30). “We want to reposition our group wellness business as a new branch of wellness tourism, which is a bigger market compared to medical tourism,” Lee said. He said if one were to consider the … [Read more...] about Country Heights allocates RM100m in capex to expand wellness business

- A + A KUALA LUMPUR (June 30): Bank Negara Malaysia (BNM) must continue to cooperate with the Malaysian Anti-Corruption Commission (MACC) and the financial sector to coordinate efforts in combating corruption and financial scams. In making the call, MACC chief commissioner Tan Sri Azam Baki said this would also create public awareness that is more effective and appropriate in view of the latest scam tactics. According to him, besides ensuring more effective preventive measures by financial institutions, the efforts would provide support to recover the embezzled funds as well as enable effective investigations by the law enforcement agencies involved. “Financial institutions are always exposed to fraud and money laundering which make them a safe place or as a conduit to hide, deal and ‘clean’ the money from illegal activities. "The criminals are becoming more creative in finding the weaknesses to beat the customer due diligence that has been implemented, and … [Read more...] about BNM, MACC and financial sector must continue to cooperate to combat corruption, financial scams, says Azam Baki

- A + A KUALA LUMPUR (June 30): Cagamas Bhd, the national mortgage corporation of Malaysia, has concluded the pricing of its RM50 million one-year Conventional Medium Term Notes (CMTNs), RM50 million two-year CMTNs and RM150 million three-year ASEAN Social SRI Sukuk (SRI Sukuk). In a statement on Thursday (June 30), Cagamas said the proceeds from the CMTNs and SRI Sukuk would be used to fund the purchase of housing loans and eligible affordable house financing from the financial system. Chief executive officer Datuk Chung Chee Leong said the pricing of the one-year and two-year CMTNs were concluded at 48 basis points (bps) and 49bps above the corresponding Malaysian Government Securities, while the three-year SRI Sukuk was concluded at 45bps above the Malaysian Government Investment Issue. “As the market continues to weigh between the acceleration of monetary policy tightening, the fear of such actions may increase the probability of a recession,” he said. He … [Read more...] about Cagamas concludes pricing of CMTNs and SRI Sukuk

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A ALL eyes are on RHB Banking Group’s newly minted group managing director (MD) and group CEO Mohd Rashid Mohamad as he steers the fourth-largest banking group by assets forward in a tough operating landscape. “It’s very challenging, especially now in a fast-changing market environment, and as we face potential risks such as geopolitical and inflationary,” acknowledges Rashid in his first exclusive interview as group MD/CEO. Competition has intensified, given new entrants into the market, which are not just new banks but also technology companies that compete for the same pie. Rashid adds that this has partly affected the profitability of the industry, along with many other factors. He notes that banks globally no longer see “high ROEs” as before. For RHB Bank Bhd, its return on equity (ROE) in the past 10 financial years hit a high of 13.4% in FY2012 before … [Read more...] about Cover Story: RHB’s Game Plan in ‘fast-changing’ new normal

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A NOT many civil servants appeared to be concerned that debt-laden 1Malaysia Development Bhd (1MDB) was already falling into the abyss in 2013, only a few years after it was established. Datuk Siti Zauyah Mohd Desa seemed to be one of the exceptions, as she had warned that Malaysia had never defaulted on a loan repayment and that even defaulting on a “low threshold” repayment of US$50 million would portray the country as bankrupt, never mind the colossal repayments needed for a US$3 billion loan that 1MDB was proposing to raise and be effectively backed by a government guarantee (GG). Now retired, the former deputy secretary-general at the Ministry of Finance (MoF) told the court last week that then prime minister Datuk Seri Najib Razak had ultimately agreed to the state-owned strategic investment company’s request for a government guarantee and that her … [Read more...] about 1MDB-Tanore Trial: Letter of comfort effectively became government guarantee despite MoF’s discomfort

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. The Malaysian government is liable for the US$3 billion debt taken on by 1MDB GIL as Najib had signed the LOS - A + A BECAUSE 1Malaysia Development Bhd (1MDB) had direct access to former prime minister and finance minister Datuk Seri Najib Razak and his staff at the Prime Minister’s Office, the Ministry of Finance (MoF) and Minister of Finance Inc (MoF Inc) were often bypassed as the state-owned strategic investment company did not think there was any need to report to the ministry even though it was owned by MoF Inc, the High Court heard last week. Testifying as the 26th prosecution witness in Najib’s trial over the misappropriation of more than RM2 billion of 1MDB funds, Datuk Siti Zauyah Mohd Desa, a former deputy secretary-general (policy) at MoF, detailed how the government — specifically her ministry — was forced into issuing a letter of support (LOS) for … [Read more...] about 1MDB-Tanore Trial: 1MDB had direct line to Najib