DHFL is in liquidation process. So investors who invested in Fixed Deposits of DHFL will have to submit the claim form with proof and  mail it to ( dhfladministrator@dhfl.com )and also sent it to the administrator at the address mentioned against entry no 10.  All DHFL FDR copies self attested ( matured or premature case) has to be submitted. Do not send original FDRs Documents to be sent at below mentioned address : HDIL Towers, Anant Kanekar Marg, Station Road Bandra ( East ), Mumbai 400051 The claim form has to be sent with proof before 17th Dec 2019 ..read more

RBI POLICY*RBI Monetary Policy - Key Takeaways* *KEY TAKEAWAYS* * Repo rate unchanged at 5.15% * Reverse repo rate stays unchanged at 4.90% * MSF, Bank Rate unchanged at 5.40% * MPC unanimously votes for status quo on repo rate * Based on CPI-GDP dynamics, MPC felt pause was appropriate * MPC recognises "there is monetary policy space for future"   *POLICY STANCE* * MPC to continue with accommodative stance * MPC's accommodative stance "as long as it is necessary" * MPC stance aimed to revive growth while ensuring CPI in band   *INFLATION* * CPI projection raised to 4.7-5.1% Oct-Mar * CPI ..read more

HERO MOTOCORP (HEROMOTO) Management Insight Management churn during BSVI transition causing concerns 1. Multiple senior management personnel exits at Hero amidst BS6 transition raises some questions around the future management strategy of the company.  2. In addition, checks suggest that a relatively higher dealer inventory of BS4 vehicles, market share decline in scooter and premium motorcycle segments, and muted customer response to recent launches are near term challenges that the company is facing 3. Hero MotoCorp (has set-up an interim council (includes three members of leadersh ..read more

 [27/09, 8:52 AM] Market Drona: Goodmorning! As mentioned earlier big fisheries are eating retailers and jobbers!! And I tried to read the data and tools to help ourself to be in right direction and effectively time the market by option and future on Indexes!   Banknifty future Support at 29560/990/30150 to be on long side and Nifty future 11540 is the hope of the day!  Bulls are well positioned above that. Happy Trading! Regards EmmKay ..read more

Support and resistanceGoodmorning! Nothing change in the world and in the Indian economy apart of govt said they will take lower tax from Corporate! Which change the earning and overall scenario of index earning! Though just 6000 crs made a surge of 11%, it's area of thought.  No change in view on Nifty and banknifty at future levels as given below and shared earlier: Indexes, Banknifty 30350/30200 are support and 30850/31660 resistence!  Niftyfuture 11550/11680 are   Support  and resistances at  11770/11810  ! Happy Trading ..read more

*Hotels: GST rate cut on room tariffs; Double bonanza (Corp + GST cut)* • FM today provided bonanza to corporates with reduction in tax rate from 34.3% to 25.2%. • *GST council has provided another booster shot.*  • *GST rates on room tariffs has been reduced as under* *ADR upto* Rs 1,000 – nil Rs 1,000-Rs 7500 – from 18% to 12% and Rs 7,500+ - from 28% to 18% • *This should help Hoteliers to stimulate demand and consequently raise tariffs.*  • Tax rates on hotels especially in the luxury segment had been one of the highest in India.  • Government focus to boost domestic and inbound tourism ..read more

#Niftyfuture have made high of 550 pts in one go after the stimulus package announced by FM as Major cut in corporate taxes to ensure the growth and making FPIs happy on change in investing structure in India as corporate! Major contributors are as follows: This is certainly a positive move from the government in terms of continue on  reforms to ensure growth!  Good news for corporate and Equity  But Setback for Bond Market!  Will posting the detail impact of the move in next post!  Have a great day ..read more

India Govt announces Stimulus package in the form of changing the corporate tax structure, Details of the announcement as follows as per my view and understanding. • A domestic company can pay income tax at 22% if they don't seek any exemption or incentives • Effective Tax Rate 25.17% inclusive of all surcharges and cess for such domestic companies • Such companies also not required to pay Minimum Alternative Tax • Companies availing exemptions can opt to pay tax of 22% after the exemption period is over • Enhanced surcharge announced in Budget shall not apply on capital gains arising on sal ..read more

Default of 15 cr despite having cash in hand! Is this begging of new trend of defaulters. HDFC and bajajfinance trading at 6X and 8x . Let's see how it would impact in the market.  Will publish the my understanding on same later on facts or media hype! Published as received! #indiarating& research ..read more

Reliance resultRIL HIGHLIGHTS • Record net profit of ₹ 39,588 crore, up 13.1%• Highest ever PBDIT of ₹ 92,656 crore, up 26.8%• Record earnings for Petrochemicals, Retail and Digital services• Jio crossed 300 million subscriber, ₹ 15,000 crore EBITDA milestones• Retail crossed ₹ 100,000 crore revenue, 10,000+ stores milestones• Record Quarterly Net Profit of ₹ 10,362 crore, up 9.8% YoY• Demerger of tower and fibre assets of Jio completed• Completed acquisition of Den Networks Limited and Hathway Cable and Datacom LimitedEnergy Business• Record Annual Petrochemical Segment EBIT at ₹ 32,173 crore ..read more