Sandeep Singh

On May 27, 2018 through a filing with the stock exchanges, Manpasand Beverages Ltd informed that the company’s statutory auditors have resigned with effect from May 26 and that the company has appointed a new auditor.

According to FPI fund flow data sourced from CDSL, the net outflows in the calendar 2018 (till June 28) aggregated to an all-time high of Rs 46,195 crore, even higher than the outflow of Rs 41,216 crore witnessed in 2008 — during global financial crisis.

State-owned LIC plans to buy a controlling stake in IDBI Bank. While LIC will get the bank that it has been wanting and the government will have completed a disinvestment, should an insurer be using policyholders’ money to buy a controlling stake in a troubled bank?

In a clarification to stock exchanges on Monday, HDFC said it “had no meeting with the management of PNB Housing Finance Limited and is not looking to acquire any stake” in the company.

PNB’s Gross NPAs ratio jumped to 18.38 per cent of gross advances at the end of March 2018, up from 12.53 per cent a year ago. Its net NPAs also soared to 11.24 per cent.

"The world is trying to deglobalise and if you hear the US President, it is clear that they are increasingly talking about their own economy and talking about tariffs. However, I think that it suits us as we are not very outward looking."

In the first eight months of financial year 2017-18, receipts within small savings schemes amounted to Rs 40,429 crore, a seven-fold dip from Rs 2,75,682 crore in the corresponding period of the previous year.

The RBI data shows that the credit demand for services sector jumped 20.7 per cent in April and the demand for personal loans rose 19.1 per cent.

While the net FPI outflow in April stood at Rs 15,561 crore ($2.35 bn) and Rs 29,775 crore ($4.4 bn) in May, the aggregate for the first five months this year amounted to a net outflow of Rs 32,078 crore ($4.4 bn).

With four trading days still to go in this month, as on May 25, FPI’s have pulled out a net of Rs 26,768 crore from the Indian markets (Rs 18,949 crore from the debt market and Rs 7,819 crore from the equity market).

Crude remains an important factor in the recent price hike as Brent crude prices have risen by over 19% from $68 per barrel in end-February to over $80 per barrel now.

For FY18, the Gross Domestic Product (GDP) is estimated to grow at 6.6 per cent, as per the second advance estimate of the Central Statistics Office.

On Thursday, FPIs sold equities worth Rs 830 crore and since April, net outflow has touched Rs 32,668 crore.

The decline in production numbers over these years, which coincided with consecutive years of drought and steeply falling water tables across several parts of the state, led to acute farm distress and protests.

If rupee's weakness was a concern, the recent move by the United States to exit the Iran nuclear deal and a looming threat of US sanctions on Iran is likely to keep oil and gasoline prices higher.

Walmart India had accumulated losses worth Rs 1,874 crore in the period between December 2009 and March 2016. The company entered India in 2007 via a joint venture with Bharti Enterprises.

No need to rush for change in investments for now: Experts

Stating that the Reserve Bank of India should be bold while cutting rates, Rakesh Bharti Mittal said that a 100-basis point cut in interest rates may lead to a rise in investments.

NuPower, promoted by Deepak Kochhar, husband of Chanda Kochhar, between 2010 and 2012 got investments of Rs 325 crore from Mauritius-based Firstland Holdings, a company owned by Nishant Kanodia, son-in-law of Essar Group co-founder Ravi Ruia.