COVID2019 and stock investing – Part 3 – Wonderful opportunity to gauge management quality
Revenues are impacted significantly, future remains uncertain, debts are piling up… time to separate wheat from the chaff !
Sector: All Sectors
Government lifts curbs on exports of paracetamol APIs
Export curbs were imposed on paracetamol and formulations made from the compound on March 3 by the government to shore up domestic supplies amid the threat of the coronavirus pandemic. On April 17, the government removed the curbs on shipments of formulations made from paracetamol. Now, the Directorate General of Foreign Trade (DGFT) has removed … Read more
A dozen companies declare financial impact of covid-19 after a rap from Sebi
After a rap by Securities and Exchange Board of India (Sebi), a dozen odd companies have disclosed the financial hit from the covid-19 crisis. Most entities in the listed universe so far had been disclosing suspension of operations because of the lockdown but did not report on the financial impact of the actions, citing uncertainty … Read more
HDFC Life pins hopes on Wise to thrive in a post-covid world
As the government eased restrictions, the insurer is gradually opening its branches, though its headquarters in a Mumbai red zone remains shut. As of now, 236 out of the 421 branches are open. In offices that seat a large number of employees, the company has only half or one-third of employees at work. “We are … Read more
Covid2019 impact on economy is impossible to predict
Pick up any Q4 (March ending) FY 20 results and you will surely see the following statement – “The duration and severity of COVID-19 and the disruption caused to business environment cannot be reasonably estimated.” Likewise, checkout interviews from any respected businessman or filings made by Companies on the stock changes. The theme is common … Read more
Next Capital-backed Vestaspace to launch constellation of 35+ satellites
To build 5G speed network connections and IoT functionalities across industries. With its AI-powered novel communication architecture, the company is set to release a beta version of next-generation satellite constellations this September. It plans to launch a fully operational constellation of satellites in early 2021 into Low-Earth-Orbit or Geosynchronous Equatorial Orbit. The company plans to … Read more
RBI further cuts rate by 40 bps. What about previous cuts?
In a widely expected move, RBI today slashed policy rates by 40 bps to ease Covid2019 impact. The repo rate now stands at 4% and reverse repo at 3.35%. This is the second significant cut in the year. Previously, in March RBI had cut the repo rate by 75 bps. “The MPC also decided to … Read more
Franklin Templeton investors get an option to exit through stock exchanges
A welcome move by SEBI – provides a liquidity mechanism to stuck investors.
Franklin Templeton investors get an option to exit through stock exchanges
SEBI has tweaked its rules and allowed Franklin Templeton India to list its six shut schemes on the stock exchanges to provide an alternative exit option to 300,000 investors of these schemes. Franklin Templeton had wound up six debt schemes on 23 April with total assets under management (AUM) of ₹25,856 crore. The units of … Read more