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Indian Financial Sector
In a bid to deal with stress in NBFC sector, guidelines will be issued soon for PSBs to take over pooled assets of NBFCs, a finance ministry official said. "Both Department of Economic Affairs, and Financial Services are in consultation. The eligibility norms for takeover should be out this week or latest by next week," the official said.
The RBI will come out with a mobile application to help visually challenged people in identifying currency notes. The RBI said that identification of banknote denomination is key to successful completion of cash-based transactions by visually impaired persons. -Business Line SBI Payment Services Pvt Ltd (SBIPSPL) is planning to double the number of point-of-sale (PoS) units deployed by it to 1.2 million by 2021- 22 (FY 22). This is part of the Co’s strategy to be a key player in the Centre’s ambitious plan to increase the number of PoS terminals across the country. -Business Standard Led by LIC, life insurers’ collective new premium income jumped 94% to ₹32,241.33 crore in June this year, according to data from IRDAI. All the 24 life insurers had written new gross premium of ₹16,611.57 in the same month a year ago. -Business Line Dewan Housing Finance Corporation Ltd (DHFL) reported a huge standalone net loss of Rs 2223 crore in the fourth quarter ended March 31, 2019 against a net profit of Rs 134 crore in the year ago quarter. -Business Line Dewan Housing Finance Corp Ltd (DHFL), warned that its financial situation was so grim that it may not survive. The Co said it was "undergoing substantial financial stress" and its ability to raise funds was "substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements." -Economic Times Thomas Cook has refuted allegations that an investigation is underway concerning its forex business breaching the Rs 14.7 crore foreign exchange reserve mark at the Cochin International Airport. As per media reports, the Air Customs Intelligence department had initiated an enquiry against Thomas Cook and had written to the RBI demanding cancellation of the Co's license after an alleged 'misappropriation' occurred while granting foreign exchange to foreign nationals at the Cochin International Airport. -Economic Times 9 of the 10 most valued firms suffered a combined erosion of ₹ 88,609.87 crore in market valuation last week, with HDFC Bank and TCS taking the biggest knock. Reliance Industries Ltd was the lone gainer among the top-10 frontline companies, adding ₹ 11,415.21 crore to its market capitalisation (m-cap) for the week ended Friday to reach ₹ 8,11,782.20 crore. On the other hand, HDFC Bank’s valuation plummeted ₹ 22,395.4 crore to ₹ 6,54,084.95 crore. The valuation of SBI tanked ₹ 6,291.85 crore to ₹ 3,24,454.25 crore and that of ICICI Bank dropped ₹ 5,925.68 crore to ₹ 2,75,568.83 crore. -Business Line
PRE-MARKET MOVERS: $OLED $ACIA $WK $EXAS $WING $REI $TVIX $GIS $EDZ $UGAZ $MELI $RBS $VXX $XCRA $TZA $SPXU $QID ROCKET BOT - FINVIZ TOP GAINERS - FINVIZ TOP LOSERS Crypto Watch List: XRB BTC PPT SALT LEND XVG FUN STEEM VEN GAS NEO XRP EOS SC ZCL XLM LTC ETH WTC ETC OMG POE ICX COIN MARKET CAP - COINDESK NEWS - RISING/FALLING - COIN 360 HEATMAP Disclaimer: The opinions in this thread and forum are solely the opinions of the individual account holders and contributors. The info should not be regarded as investment advice or as a recommendation of any particular security. All investments entail risks. As with most things in life, caveat emptor.
Bit redditors are complaining that Amir Taaki is a childish rep of bitcoin and needs someone more corporate, like Erik Voorhees or Trace Mayer however stop complaining on reddit and do your part. The bit coin needs good PR and good publicity and more importantly positive Media Representation especially in Western Media. Understand the trends. Since bitcoin prices have skyrocketed from $30 upwards. Media agencies such as BBC, CNN have stopped reporting factual events in bitcoin such as the bitcoinica and mtgox hacks earlier to taking an editorial stance for or against it. Most outlets and newspapers have not done their research properly which shows how rushed and sensationalised journalism has become. Tech and Business news have started to output their views also on bitcoin also highlighting inaccurate events and publicizing weaknesses such as Hacks, Bubbles and laughable bearish views. The Tech news outlets have been pretty favourable and business outlets pragmatically harsher. Its simple. News Agencies and Newspapers have hierarchies and therefore their editorial output is determined in a meeting even if the journalist is doing an independent piece as it still have to be editorially approved. So quite simply if Media proprietors, newspaper and magazine editors and journalists and news anchors actually had bitcoins in their wallets, like the tech journalists have, hence why they are favourable to it, they would naturally promote bitcoins similar to how Goldman Sachs promotes the assets or derivatives they are long on. Most here are long on bitcoin so you need to make sure that Media proprietors, editors and journalists have bitcoins. This includes News Agencies, Newspapers and Magazines and Tech and business news outlets also. In addition to politicians and regulators. Find out everyone connected and send them bitcoins to get them connected. Clearly aimed at early adopters since the new guys cant send out bitcoins that they had to pay large amounts for. It may sounds ridiculous to send relatively affluent people in society bitcoins however the long term aim fully justifies this and I hope most of you read this over again if you do not understand this. These people promote their bias and interest directly and indirectly and still can appear neutral and professional. Get these guys to do our Marketing and PR without paying a PR agency millions of dollars. Just send them a few coins. Remember Wordpress, Reddit, Mega, 9Flats, Expensify, Of course a legitimate currency has to be used for illegitimate human vices such as Drugs, Sex, porn prostitution and Gambling. But Food & Drink, Clothing and Shelter need to be purchased with bitcoin for it to fully function. So contact or even flood them on email or twitter. BBC, CNN, Reuters, AP, AFP, AlJazeera, CBS, ABC, Fox, NBC, New York Times, USA Today and Gannett, LA times and Tribune, MediaNews Group, Daily News, Sun-Times, Hearst Corp, Washington Post, Associated Newspapers, News International, GMG, TMG and Press Holdings, Bloomberg, FT and Economist, Tech like Verge, Arstechnica, Wired, TC, BGR, GigaOM, VB, Mashable, Media proprietors, CEO, Chairman, CIO, CTO, CFO, Editors, and Journalists, Also your politicians Senators, Reps and MPs, and Regulators like FinCen and others in US/EU. and finance commentators, strategists and economists - since they put out their views regularly to sheep that follow their every word even if they lie. No point commenting this guy and that girl gave a negative view or that newspaper or blog is biased. Do something. Go. Bloomberg correspondent Sara Eisen, Convergex Group Chief market Strategist Nick Colas , Eurasia Group President Ian Bremmer, Societe Generale Senior Forex Strategist Sebastien Galy, Bob Rice, general managing partner with Tangent Capital Partners LLC, UBS stockbroker Art Cashin, Reuters claim Morgan Stanley and Goldman Sachs traders visiting mtgox Mastercard are watching, Steve Hanke, http://economics.wustl.edu/people/stephen_williamson, Scott Sumner, Tyler Cowen, George Selgin, Paul Krugman, Benjamin M. Friedman, http://econ.williams.edu/people/knk1, Lawrence H. White, Russ Roberts. Paypal is watching, Media Proprietors will call short now but then... Let their greed enable us. The greed is unbelievable. http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin/
Forex: Get Live Forex Rates on The Economic Times. Find latest Forex News and Updates, Live Currency Rates, Currency Convertor and more. Business News- Read Latest Financial news, Stock/Share Market News, Economy News, Business News on The Economic Times. Find IPO Analysis, Mutual Funds Trends & Analysis, Gold Rate, Real Estate & more. Benchmarks . Nifty 12,631.10 170.05. NSE Gainer-Large Cap . P&G 11,318.60 1078.15. FEATURED FUNDS ★★★★ ★ ICICI Prudential Bluechip Fund Direct-Growth. 5Y Return. 11.08 % Invest Now ... TCS CMP - 2604.60 Looking bearish in higher time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets Sell at or below ONLY 2600 / Stop Loss 2622 Target 1 - 2590 Target 2 - 2580 Target 3 – 2575 / 2565 / 2555 Disclaimer: This is my view and for educational purpose only. Understanding the Difference between TDS and TCS Two of the major tax burdens that an individual bears are – Tax Deducted at Source and Tax Collected at Source. Both these taxes require return ... TradingView India. View live TATA CONSULTANCY S chart to track its stock's price action. Find market predictions, TCS financials and market news. Forex News: Get latest Forex News, Forex Market updates and Analysis on Economic Times. Benchmarks . Nifty 12,631.10 170.05. NSE Gainer-Large Cap . P&G 11,318.60 1078.15. FEATURED FUNDS ★★★★ ★ ICICI Prudential Bluechip Fund Direct-Growth. 5Y Return. 11.08 % Invest Now. FEATURED FUNDS ★★★★★ Axis Focused 25 Direct Plan-Growth. 5Y Return. 15.48 % Invest Now. FEATURED FUNDS ... Tata Consultancy Services Ltd. (NS: TCS) – Trend Line as well as Descending Triangle Breakout If we see USDINR from last 4-5 weeks, it has broken all supports (fallen from 71.20 to 68.50) and Rupee became stronger day by day. Strong Rupee is positive sentiments for the Indian Stock Market & weak USD means negative sentiments for all IT stocks. ETTelecom.com brings latest tcs news, views and updates from all top sources for the Indian Telecom industry. TCS earnings, COVID-19 cases, foreign investment flows – here’s what will move Sensex and Nifty 50 this week German economic confidence deteriorated sharply to a seven-month low in November as financial experts were concerned about the economic impact of the second wave of Covid-19, survey data from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted more-than-expected 17.1 to 39.0 points in November from 56.1 in October.
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