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Mathews said that the telecom industry body has taken up the matter with the government, while simultaneously working with mobile operators to devise an online process that will help in meeting the mandatory KYC norms specified by the Department of Telecom (DoT). … [Read more...] about Coronavirus pandemic | Lockdown results in no issuance of new mobile connections

The portable, battery-operated kits can be used by up to 15 individuals in a day and cost Rs 6.5 lakh to Rs 12 lakh. The company has an order for 1,500 test kits so far. The kits are approved by the Indian Council of Medical Research (ICMR) and the government. … [Read more...] about Coronavirus pandemic | Mumbai diagnostics company develops test that can give results in an hour

Earnings from banking and financial services, which contributes close to 40 percent of revenue, dropped 2.11 percent sequentially to Rs 516.2 crore. However, other segments such as manufacturing and consumer services is growing faster for the company. It grew 14 percent sequentially and 37.6 percent year-on-year. … [Read more...] about Hexaware Technologies PAT grows 12% QoQ to Rs 138.4cr

Overall scenario suggesting that bulls are likely to take the rally forward and much higher levels can be seen. Previously the target 76 was suggested and it has already been achieved. Further, in the medium term the level of 78 and 79.5 can be expected and every dip should be taken as a buying opportunity. But as far as the current truncated week is concerned, the currency pair can move up to the level of 78. … [Read more...] about USD/rupee may go up further towards 78; here’s how you can trade this week

So, two takeaways here: One, taper your expectations of returns from very low duration instruments. Two, stay with quality low-risk funds rather than being lured by high yield to maturity in schemes in this range of tenure.Long can be dicey tooIn normal periods of significant rate cuts, the direction is clear. Long duration funds such as gilts will offer a bonanza. However, the current situation is a bit tricky for two reasons: one, the fiscal deficit arising from the moves by the RBI as well as the govt. to boost the economy would be a major worry for the bond markets. Hence, a clear signal for a rally may not be evident. Second, the targeted long-term repo operations by the RBI have provided a three-year window for banks and financial institutions to borrow at repo rate and deploy in the bond market. This is with an aim of stabilising the debt market. However, the window also means that banks and financial institutions will focus on medium-term bonds than long-term gilts. Hence, the … [Read more...] about RBI rate cut: Debt fund categories that look attractive now