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- Delhiites wake up to hazy morning today with minimum temperature settling at 10°C
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- Niti Aayog strategy document: A roadmap that reads familiar - Telegraph India
- Average GST rate will soon be at 15%: NITI Aayog Vice-Chairman - BusinessLine
- Niti Aayog CEO Amitabh Kant pitches for ban on usage of fossil fuel-based gensets - Livemint
- Is NITI Aayog relevant? - The Hindu
- Under fire, NITI Aayog says was told to look at GDP back series data - The Indian Express
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- Economy to grow at higher rate in coming quarters: Niti Aayog - Economic Times
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- Tata Motors bags order to supply Tigor EVs to Capgemini India
- China's trade delegation has said it made "important progress" in the latest round of talks with the US and the two sides had "candid, specific and fruitful" discussions.
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- The UK could delay its exit from the European Union if negotiations are reopened and a new deal is reached with Brussels by the end of March, Foreign Secretary Jeremy Hunt said on Thursday.
- Railways eliminates all unmanned level crossings: Goyal
- Two Jaish-e-Muhammad (JeM) militants were killed on Friday in a gunfight with security forces in a Jammu and Kashmir village in Pulwama district, police said.
- India helped Facebook gain daily users, log record profits (Lead)
- Despite facing intense scrutiny over data privacy, Facebook stock rose 12 per cent after it logged a record revenue of $16.91 billion --- up from $12.97 billion in the year-ago period -- in the fourth quarter that ended December 31.
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- India revenue fell 3 per cent on year and 1 per cent sequentially.
- Analysts attribute the drop largely to a lack of awareness of SGBsâ benefits over ETFs and also not being available on tap.
- Kaveri Seed is a 'Buy' call with a target price of Rs 640 and a stop loss of Rs 570.
- High valuation of consumer goods stocks is the main reason for the marketâs negative stance.
- Spot gold was steady at $1,321.14 per ounce by 0106 GMT.
- Nifty futures contracts on the SGX are popular among foreign portfolio investors.
- Japan's Nikkei went flat, while Shanghai blue chips held onto a 0.4 per cent gain.
- Profit declined to Rs 769.10 crore in the December quarter.
- Shares of ICICI Bank, which had gained 3 per cent on Thursday morning to reach Rs 377 ended the day in red at Rs 364.
- The yen was steady at 108.8 after hitting a two-week high in the previous session.
- Prices supported by data showing further falls in output," ANZ Bank said in a research note.
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- Gold prices have risen 10 per cent to more than Rs 33,000 per 10 gram since Dec 28, 2018.
- The government plans bills on triple talaq, companies and Indian Medical Council on which ordinances have been issued.
- The US Department of Homeland Security set up a fake university in Michigan to target foreigners who wanted to immigrate to the US using a phony academic route.
- Sharma questioned why the Presidential address skipped the employment aspect. âIf the promises were really fulfilled, the Presidentâs address would have data on employment.â
- Normally, close to the general elections, an Interim Budget is presented mainly to seek a vote-on-account for four months to keep the wheels of official machinery running for ongoing programmes so that a new government could present a full budget.Minister without portfolio Arun Jaitley had already indicated that the Interim Budget may go "beyond the traditional " vote-on-account as tackling agricultural challenges "can't afford to wait".For the record, the government on Wednesday maintained that the budget will be called "Interim Budget 2019-20" after media reports described the coming exercise as a "General Budget".The income tax sops could include a rise in the threshold exemption limit for middle class tax payers, considered a big constituency of the BJP. The exemption threshold could go up from the present Rs. 2.5 lakh to Rs. 5 lakh per annum. The corporates have also been clamouring for reducing the peak rate from 30 to 25 per cent.The agriculture sector is set to receive good attention from the government after the recent election defeat of the BJP in the Hindi heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh on the back of stress.Direct investment support upto Rs. 15,000 per hectare for small and marginal farmers on the lines of a mix of the Kalia scheme in Odisha and the Rythu Bandhu scheme in Telangana is widely expected to be announced in the budget along with interest-free loans and nominal premium on the crop insurance scheme.Another option is to look at reworking the Bhavantar scheme, implemented by the erstwhile BJP government in Madhya Pradesh, under which farmers are compensated for the gap between Minimum Support Price and the market price. Cold chain and provision logistics for famers will get a push to benefit them in marketing their produce.For the stressed micro, small and medium enterprises (MSME) sector, hit badly by the demonetisation decision of 2016 and GST implementation following that, the budget could contain incentives and easier flow of credit.There are concerns that the expected giveaways could lead to ballooning of the fiscal deficit, especially in the wake of the shortfall in tax collections, particularly GST revenue.This is expected to pose a major challenge to the government to meet its fiscal deficit target of 3.3 per cent of the GDP even as it has maintained that the shortfall would be made up by higher direct tax collections.The Goods and Services Tax (GST) revenue, which crossed the Rs 1 lakh crore mark only twice this year - in April and October - has remained largely subdued for the rest of the year and in the range of Rs 94,000 crore to Rs 97,000 crore per month against the annual GST collection target of Rs 13.48 lakh crore, which translates to a monthly average target of Rs 1.12 lakh crore."After the failed budget promise of enhanced procurement of crops through a revised Minimum Support Price (MSP) formula in 2018-19, announcements to be made on February 1, 2019 will be the last opportunity for the government to woo a larger section of society through an interim budget, as against a vote-on-account, by altering both taxes and outlays on schemes," said a report last week by JM Financial Institutional Securities.
- In December last year, the government tightened norms for FDI-funded ecommerce companies including Flipkart and Amazon and said such entities cannot exercise ownership or control over inventory. They must provide services such as warehousing, logistics and advertising to all sellers in a fair manner. It also disallowed ecommerce companies from entering into pacts for exclusive sale of products and from holding equity stakes in their sellers. The new FDI norms are due to take effect from February 1.eBay entered the country in 2004 and began operations by acquiring bazee.com. In 2017, Flipkart bought eBay India and shut its operations in the middle of 2018 which also terminated Flipkartâs licence to use eBay.in brand.Experts feel eBay's relaunch is among the hundreds of online marketplaces that could enter India's online market, especially ones that suffered or shut shop due to the deep discounting strategy offered by heavily funded online platforms.âIf the government allows a level playing-field and new guidelines are implemented strictly, there will be a plethora of startups who had buckled due to cash burn that will get into online retailing,â Kumar Rajagopalan, chief executive officer of the Retailers Association of India (RAI), said. âThere will be a resurgence of two types of players â" pure play marketplaces such as eBay and sellers who have been competing with online companies instead of other vendors in the same marketplace.âUnlike Flipkart and Amazon that have holding companies in wholesale and retail operations as well as indirect investments in other retailers and brands, eBay followed a pure-play marketplace model and gained just from transaction, advertising and listing fees from sellers. Last year, eBay had hinted it will start India operations with Indian sellers selling on other marketplace platforms around the world followed by reintroduction of India-focussed portal.
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- Latest Defence News India- Indian Defence News- Indian Army News
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- Friday, February, 01 2019
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- India is a country with a lot of young and positive energy and its âdesire to growâ is something
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- defence aviationpost
- India is stepping up its engagement with the Arab world with a series of engagements in February as Pakistan
- Fighting abilities affectedâ: IAF chief on forceâs long association with HAL
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- Def Min approves changes to Defence Procurement Procedure
- The Defence Ministry Thursday approved changes to the Defence Procurement Procedure to make it industry-friendly and facilitate faster procurement
- Nirmala Sitharaman Approves Setting Military Personnelâs Disability-War Injury Pension To Minimum Rs 18,000 A Month
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- Tamil Nadu’s new policy aims for major push to aerospace & defence sector
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- Defence Ministry to approve Army, Navy guidelines for SSC women officers shortly
- Days after the Central government cleared induction of women in the Army as jawans, more doors will be opened
- Country’s 2nd defence innovation hub to come up in Maharashtra
- Nashik in Maharashtra will be the site of the country's second defence innovation hub after Coimbatore in Tamil Nadu,
- Global News
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- Indiaâs desire to grow and positive energy is exemplary, say…
- Soon, you can take a flight from Delhi’s second airport…
- Two JeM terrorists gunned down in J&K’s Pulwama
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- From Make In India To Making In India: Q And A With Baba Kalyani
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- Stocks in news: BoI, OBC, SBI, Dr Reddy's, DHFL
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- Rival Uber too, has seen its revenue growing manifold from India business to Rs 21.5 crore in the fiscal ended March 2018
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- Food delivery company has hired psychiatrist Rohit Garg to counsel employees 2-3 times a week.
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- The Screenwise Meter app gave gift cards in exchange for tracking their internet usage data.
- The couple will reportedly get married on the Spanish island of Mallorca, later this year.
- The actress is currently developing the film with director Barry Levinson.
- Copyright:(C)Fri 01 Feb 2019, 09:09:362019Fri 01 Feb 2019, 09:09:36 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- Tune in! Your daily digest of market news, views and cues for today's session
- In a series of tweets, Jaitley said "The UPA Skeletons are tumbling out by the day. Why did all Defence purchases need middlemen?".
- Copyright:(C)Fri 01 Feb 2019, 08:59:392019Fri 01 Feb 2019, 08:59:39 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- Finance Minister Piyush Goyal will present the Interim Budget in the Lok Sabha today that could virtually be a full-fledged budget of the Modi government ahead of the General elections in which tax sops for the middle class and the corporates could be expected along with a relief package to address agrarian distress and the stressed small scale industry sector.Goyal, who has been given charge of the finance portfolio in place of Arun Jaitley who is in the US for medical treatment, is widely expected to break tradition by going beyond a vote-on-account budget by showering sops in various categories.
- Mumbai: eBay chief executive officer Devin Wenig said the US online marketplace will re-enter India amidst the governmentâs latest foreign direct investment (FDI) guidelines on ecommerce companies.âThere wonât be one or two parties that make up the entirety of the Indian ecommerce opportunity and we certainly intend to have a share of it,â Wenig said at an investors call on Wednesday.He was responding to a query on whether there is a new window for eBay in India after the new foreign direct investment policy. âThere are multiple opportunities; there are other parties that have approached us about potential collaboration. We will see how that goes. I think the Indian market is still in its early phases. There is plenty of growth left,â Wenig told analysts.67783397
- Nifty futures rollovers to the February series were the lowest since August 2017 in percentage terms ahead of the interim budget on Friday. Traders unwound short positions in the index contracts, indicating they do not expect sharp downside in the February series.The Nifty ended up 1.7 earnings on the expiry day (Thursday) on short covering amid dovish commentary on rates from the US Federal Reserve, but the index ended the series with gain of just 0.5 earnings. Information technology companies, PSU banks and private sector lenders saw rollover of long positions into the February series while more of the short positions got rolled over in the metal sector.âNifty future has seen rollover of 61.84 earnings with roll cost of 0.23 earnings. Nifty future has seen the lowest percentage rollover in last 17 months since August 2017 as the index got stuck in a range and everyone is waiting for the Budget," said Chandan Taparia, derivative analyst at Motilal Oswal.Besides the Budget, the RBI policy on February 7 and the remaining earnings announcements for the December quarter will dictate trend in the February series.âShort positions have got cut this time, partially,â said Amit Gupta, head of derivatives at ICICIdirect.While analysts expect the index to trade with a positive bias in the series ahead, they do not expect a sharp upside either. The Nifty is seen facing immediate resistance at 11,000.In the Nifty options table for February, the maximum open interest build-up in Nifty call options is at 11,000; and among the put options, the highest concentration is at 10,700.âIf post the interim Budget outcome the index manages to decisively give breakout above 10,985, then the rally could extend to 11,176 and 11,333; while below 10,650-10,600 zones only bears could get grip which is a major support zone,â said Taparia.The 11,000 level for the Nifty has proven to be a decisive resistance in the near term and the range-bound situation may not change till the general elections, said Edelweiss Securities.Post April, there may be an upward trajectory in the Indian market, the brokerage said.
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