Trading on Dow Jones & US Indices suspended as both fall by 7%
The S&P 500 and Dow Jones Industrial Index tanked 7 percent each at open hitting the lower circuit.
Trading on both the indices has been suspended for 15 minutes and will re-open at 9.49 am ET.
The carnage was the result of the steepest fall in crude oil prices since 1991, after Saudi Arabia
Trading on both the indices has been suspended for 15 minutes and will re-open at 9.49 am ET.
The carnage was the result of the steepest fall in crude oil prices since 1991, after Saudi Arabia
IRCTC declares stellar interim dividend post IPO you will be shocked
IRCTC declares 100% interim dividend which is Rs.10 per share
https://www.bseindia.com/xml-data/corpfiling/AttachLive/ec567ece-8727-4b7a-a004-3e86e8b8d0cc.pdf
https://www.bseindia.com/xml-data/corpfiling/AttachLive/ec567ece-8727-4b7a-a004-3e86e8b8d0cc.pdf
Prataap Snacks Limited reports strong double digit growth in Q3FY20
Prataap Snacks Ltd. (PSL), (BSE- 540724), (NSE- DIAMONDYD) a leading Indian Snack Foods Company has announced its financial results for the quarter and nine months ended 31st December 2019:
Rs 4,500 crore mutual fund money at stake in Voda Idea; Templeton markdown hits 6 schemes
Mutual funds having exposure to Vodafone Idea’s corporate papers and shares are staring at possible losses as an adverse judgment from the Supreme Court threatens to down the curtains on the business.
The telco’s survival will now depend on its ability to garner funds to pay the statutory dues and repay what it had borrowed from the market.
The government has estimated Vodafone Idea’s dues at over Rs 53,000 crore, including over Rs 28,000 crore in licence fee, interest and penalties and the rest on spectrum usage charges. Besides, the company’s total debt stood at Rs 1.15 lakh crore at the end of FY2019, shows available data.
Mutual fund investors have already taken the first hit from this, after Franklin Templeton India marked down its Vodafone Idea debt exposure to zero as a pre-emptive measure. It has also limited fresh inflows to the schemes having Vodafone Idea papers to Rs 2 lakh per day per fund per investor.
“The large quantum of AGR dues and immediate payment timeline is resulting in significant uncertainty with respect to our exposure to Vodafone Idea,” Franklin Templeton said.
Following these actions, net asset values (NAVs) of six of its funds have fallen 4-7 per cent due to the one-time write-off. As of January 16, total exposure of
The telco’s survival will now depend on its ability to garner funds to pay the statutory dues and repay what it had borrowed from the market.
The government has estimated Vodafone Idea’s dues at over Rs 53,000 crore, including over Rs 28,000 crore in licence fee, interest and penalties and the rest on spectrum usage charges. Besides, the company’s total debt stood at Rs 1.15 lakh crore at the end of FY2019, shows available data.
Mutual fund investors have already taken the first hit from this, after Franklin Templeton India marked down its Vodafone Idea debt exposure to zero as a pre-emptive measure. It has also limited fresh inflows to the schemes having Vodafone Idea papers to Rs 2 lakh per day per fund per investor.
“The large quantum of AGR dues and immediate payment timeline is resulting in significant uncertainty with respect to our exposure to Vodafone Idea,” Franklin Templeton said.
Following these actions, net asset values (NAVs) of six of its funds have fallen 4-7 per cent due to the one-time write-off. As of January 16, total exposure of
IRCTC enables live streaming of its base kitchens all across India
With an aim to bring uniformity in passenger
experience, the Company introduced new technology to watch the live
production of food in its base kitchens. The live streaming of IRCTC’s
several base kitchens across the country has been possible with the use
of artificial intelligence. Recently IRCTC has installed high definition
CCTV cameras in its kitchens and started monitoring the operations
Ultra Tech Cement, Shiva Cement, BRPL Vie for Limestone Mines
Ultra Tech Cement, Shiva Cement, BRPL Vie for Limestone Mines
Bhubaneswar: Odisha’s bid to offer limestone and graphite mines on auction has received tepid response.
The State directorate of mines had invited bids for four limestone blocks and one graphite block in July, 2019. However, the response from the bidders is quite
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