by admin@proficient | Oct 24, 2017 @ 8:58 am | Uncategorized | 0 Comments
The Department of Telecom has cleared the merger of Sistema Shyam Teleservices Ltd. with Reliance Communications Ltd Cochin Shipyard forms joint venture with Hooghly Dock & Port Engineers. Indiabulls Housing Finance Q2FY18 YoY: Net Interest income up 27.1 % to Rs...
by admin@proficient | Oct 23, 2017 @ 6:34 pm | Uncategorized | 0 Comments
Business description from prospectus – Reliance Nippon Life Asset Management (RNAM) is one of the largest asset management companies in India, managing total AUM of INR3,625.50 billion as of June 30, 2017. The company is involved in managing (i) mutual funds...
by admin@proficient | Oct 23, 2017 @ 4:56 pm | Uncategorized | 0 Comments
Market broke away from its important resistance zone of 10120 earlier this week but in quite of an anticlimax, Nifty unexpectedly dropped 64 points on the specially convened Samvat trading session on Thursday evening to finally settle at 10146. However, this weakness,...
by admin@proficient | Oct 23, 2017 @ 8:58 am | Uncategorized | 0 Comments
HCL Infosystems Board Approves Rs 499 crore fund raising via rights issue. Mahindra Lifespace announces JV with HDFC Cap Affordable Real Estate Fund-1 to develop affordable housing projects in India. Hero Motocorp Sold more than 3-lakh motorcycles and scooters on...
by admin@proficient | Oct 18, 2017 @ 8:58 am | Uncategorized | 0 Comments
Govt imposes anti-dumping duty on colour coated/pre-painted flat products from China & EU for 5 years. #JSWSTEEL #TATASTEEL #SAIL in focus. Future consumers has formed a joint venture with E.K. Sons Agro Foods Ltd to manufacture and market wheat products. Power...
by admin@proficient | Oct 17, 2017 @ 8:57 am | Uncategorized | 0 Comments
MCX to launch Gold Options from today. Heralding a new era in Commodity trading Will help deepen the market. Xl group to acquire a 20 percent minority stake in Mahindra insurance brokers, a subsidiary of M&M Finance. V2 Retail to allot 20 lakh shares to India...
by admin@proficient | Oct 16, 2017 @ 10:04 am | Uncategorized | 0 Comments
Nifty gave its highest ever daily & weekly closing previous Friday. The series of higher bottoms are quite evident on the adjoined weekly chart, asserting the primary uptrend. On the downside we notice the first short term support at 9980 regions, followed be...
by admin@proficient | Oct 16, 2017 @ 8:55 am | Uncategorized | 0 Comments
639 shares of Indusind for every 1000 of Bharat Financial held. Deal done. Implying 1571 price of Indusind at CMP of Bharat Fin of 1004. Hindalco weighing bid to acquire Aleris Corp of US. Titagarh Wagons wins order worth $9 million for the supply of modular bridges...
by admin@proficient | Oct 13, 2017 @ 8:58 am | Uncategorized | 0 Comments
Tata and Bharti Airtel to combine consumer telecom business in cash-free, debt-free deal. Shriram EPC: Wins Rs 349 crore of multiple orders. Piramal Enterprises approves QIP to Raise Up To Rs 5000 Cr. Tata Consultancy Services posted good quarterly result: Revenue up...
by admin@proficient | Oct 12, 2017 @ 11:44 am | Uncategorized | 0 Comments
Business description from prospectus – General Insurance Corporation (GIC) is the largest reinsurance company in India in terms of gross premiums accepted in Fiscal 2017, and accounted for approximately 60% of the premiums ceded by Indian insurers to reinsurers...
by admin@proficient | Oct 12, 2017 @ 8:58 am | Uncategorized | 0 Comments
Cabinet clears pact with Japan for setting up flexible LNG market Sun Pharma: Dadra unit gets EIR from US FDA. Indiabulls Real Estate to buy out 45 percent residual stake of Indiabulls Properties Investment Trust and delist the company. Jet Airways to buy 75 aircraft...
by admin@proficient | Oct 11, 2017 @ 8:59 am | Uncategorized | 0 Comments
Bharti Infratel: KKR-led Consortium of funds in talks to buy Indus Towers & Co for $11 bn PSP Projects bags order worth Rs 1575 crore from Surat Diamond bourses. Sical Logistics approves buying MMTC’s 26 percent stake in unit Sical Iron Ore. Gujarat Borosil...
by admin@proficient | Oct 10, 2017 @ 9:00 am | Uncategorized | 0 Comments
The Centre on Monday imposed anti-dumping duty on imports of certain steel wire rods from China for five years. Infosys fixes November 1 as record date for Rs 13,000 crore buyback. CEAT buys 163 acres in Chennai for radial tyre plant. LUPIN Gets Final USFDA Approval...
by admin@proficient | Oct 9, 2017 @ 11:46 am | Uncategorized | 0 Comments
Business description from prospectus – Indian Energy Exchange is the largest exchange for the trading of a range of electricity products in India, in terms of traded contract volumes in the financial year 2017 according to the Central Electricity Regulatory...
by admin@proficient | Oct 9, 2017 @ 9:12 am | Uncategorized | 0 Comments
The market staged a spectacular recovery this week but is not out of the woods just as yet. Yes, it closed above previous week’s high of 9960 regions, in fact Nifty future closed past 10000 mark, but the 61.8% Fibonacci retracement levels (of the fall from 10180 to...
by admin@proficient | Oct 9, 2017 @ 8:58 am | Uncategorized | 0 Comments
ZEE ENT approved Acquisition Of 100% Stake In 9X Media & Subsidiaries For Rs 160 Cr. Jaiprakash Associates: Company to demerge some of its assets to a wholly owned subsidiary along with debt of Rs 11,834 crore. Arrow Greentech received Patent rights from European...
by admin@proficient | Oct 7, 2017 @ 2:36 pm | Uncategorized | 0 Comments
In this article, we are going to explore a correlation between USDINR & the price of Crude Oil in MCX. In general, when a commodity is quoted in terms of a currency, we can expect an inverse correlation between the pair of assets. For example, since Gold is...
by admin@proficient | Oct 6, 2017 @ 1:14 pm | Uncategorized | 0 Comments
Business description from prospectus – MAS Financial Services is a Gujarat-headquartered NBFC with more than two decades of business operations. As of June 30, 2017, it operated across six States and the NCT of Delhi. The business and financing products are...
by admin@proficient | Oct 6, 2017 @ 8:57 am | Uncategorized | 0 Comments
IDFC & Shriram Group extend exclusivity period to November 8. Future Group has acquired HyperCity chain of hypermarkets from Shoppers StopBSE 2.54 % for Rs 655 crore. Eris Lifesciences acquires UTH Healthcare for Rs 12.85 crore. Crompton Greaves leads race to buy...
by admin@proficient | Oct 5, 2017 @ 8:56 am | Uncategorized | 0 Comments
Future Retail set to acquire HyperCity for Rs 700 crore. ONGC completed acquiring 30 percent participating interest in Namibia offshore blocks. VST Tillers: September Tractor Sales, Tractor sales up 33% at 1,341 units Vs 1,008 units (YoY). FPI investment limit in...
by admin@proficient | Oct 4, 2017 @ 8:57 am | Uncategorized | 0 Comments
North America Class 8 truck sales at 22055 units vs 13753 units, up 60% (YoY). Natco Pharma in focus as partner Mylan gets U.S. FDA nod multiple sclerosis drug Copaxone. Ahluwalia Contracts bagged construction and re-development orders worth Rs 555.77 crore. Greaves...
by admin@proficient | Oct 3, 2017 @ 4:00 pm | Uncategorized | 0 Comments
Business description from prospectus – Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals: animal feed (cattle feed, poultry feed, aqua feed and specialty feed), crop protection...
by admin@proficient | Oct 3, 2017 @ 10:16 am | Uncategorized | 0 Comments
Nifty declined 175 points or 1.76% this week. During the week it made a low at 9687 regions, barely honoring the August low. The intermediate trend will turn down only upon violation of this low. On the other hand, a closing above 9960 will revive the primary uptrend...
by admin@proficient | Oct 3, 2017 @ 8:58 am | Uncategorized | 0 Comments
Aviation turbine fuel prices hiked for the month of October by 5-6 percent. #Aviation stock in focus. Jet Airways in talks with Air France-KLM for joint venture (La Tribune). Bombardier Inc has finalized a deal to sell up to 50 Q400 planes to India’s SpiceJet...
by admin@proficient | Sep 29, 2017 @ 8:57 am | Uncategorized | 0 Comments
GAIL: PNGRB floats consultation paper for “Integrated Authorization for Unified/Pooled Tariff” mechanism. HCC in focus: The joint lenders forum of Lavasa Corp, a subsidiary of HCC, has decided to invoke strategic debt restructuring Shreyas Shipping: Signed memorandum...
by admin@proficient | Sep 28, 2017 @ 8:56 am | Uncategorized | 0 Comments
Godrej properties will develop a residential project in Bangalore. Entered into an agreement with Manyata Developers Pvt Ltd. Apollo Tubes entered into a JV with Singapore-based One to One Holdings PTE, for manufacturing of in-line galvanized tubes GE Power India in...
by admin@proficient | Sep 27, 2017 @ 8:56 am | Uncategorized | 0 Comments
JSW Energy Ltd to set up country’s first electric car unit in Gujarat: to cost Rs 4000 cr. Reliance Power aims to achieve financial closure for its $1 billion LNG-fired power plant in Bangladesh by the end of 2017-18, TCS’ UK based subsidiary Diligenta secured a...
by admin@proficient | Sep 26, 2017 @ 8:56 am | Uncategorized | 0 Comments
India gets Rs 16,000 crore scheme to ensure ‘power for all by 2019. Focus on #RECLTD #PFC #POWERGRID #TATAPOWER ABB buys #GE business for $2.6 billion in bet it can boost margins. Brookfield Asset Management Inc. is in talks with infrastructure company Madhucon...
by admin@proficient | Sep 25, 2017 @ 5:10 pm | Uncategorized | 0 Comments
Market last week retraced 121 points or 1.19% on weekly basis & formed what is known as a Bearish Engulfing candlestick pattern on weekly chart. The intermediate uptrend faced some serious resistance this week. We expect the short term weakness to continue for...
by admin@proficient | Sep 25, 2017 @ 8:57 am | Uncategorized | 0 Comments
Interest Subsidy Scheme On Housing Loans For Middle-Income Groups Extended By 15 Months. Cochin Shipyard to expand ship-building and repair facilities. Oberoi Realty to buy GSK Pharma’s Thane plot for Rs 555 cr. Deepak Fertilizer to set up an Is Propyl Alcohol...
