@AlliesFin Serve Stock Market's Post

HDFC & HDFCB MERGER MSCI POTENTIAL+VE FLOWS IMPACT

With the merger being announced and HDFC being merged with HDFCB, there is potential for HDFCB to be included in the MSCI index. Currently HDFCB is not included in the msci index as the stake of HDFC in HDFCB is considered as FII. Post merger with the stake being relinquished / reduced, there is a potential for HDFCB to be included in the MSCI Index.

#HDFC AND #HDFCBANK ANNOUNCE MERGER
#alliesfin
HDFC SHAREHOLDERS WILL RECIEVE 42 HDFC BANK SHARES FOR 25 HELD
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Individual Investors have the luxury of thinking

You don't have to worry about beating the market, you just have to worry about doing enough to reach your goals, that's your true Benchmark.

You can focus on yourself and your own portfolio.
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Bulk Deal & Insider Trade Update
Bulk Deals
*Max Healthcare Ins Ltd : Smaller Cap World Fund Inc Buy 16400000 Shares @ Rs. 340

*Max Healthcare Ins Ltd : Wf Asian Smaller Companies Fund Limited Buy 13394000 Shares @ Rs. 340

*Max Healthcare Ins Ltd : Government Of Singapore Buy 10778183 Shares @ Rs. 340

*Jindal Steel & Power : Jsp Employee Benefit Trust Buy 5750000 Shares @ Rs. 536.22

*Max Healthcare Ins Ltd : Sbi Mutual Fund Buy 6346506 Shares @ Rs. 340

*Max Healthcare Ins Ltd : Norges Bank On Account Of The Government Pension Fund Global Buy 4943000 Shares @ Rs. 340

*Ajooni Biotech Limited : Tcg Funds Fund 1 Buy 73000 Shares @ Rs. 67.29

*Lancer : Nomura Singapore Limited Buy 450000 Shares @ Rs. 163.99
Ashika


Insider Trade
Acquisition
*K.Gautam Director Acquisition 8440 shares of Ncl Industries Ltd.-$ on 31-Mar-22

*K Madhu HUF Promoter Group Acquisition 65 shares of Ncl Industries Ltd.-$ on 31-Mar-22

*Shriram Value Services Limited Promoter Group Acquisition 1056379 shares of Shriram Transport Finance Co.Ltd.

Disposal
*Panna Deepak Sanghavi Promoter Group Disposal 50000 shares of Pidilite Industries Ltd.

*Anuj Kacker Director Disposal 509 shares of Aptech Ltd. on 29-Mar-22

Invoke
*TCI Finance Limited Promoter Group Invoke 70000 shares of Gati Ltd. on 28-Mar-22

Pledge
*Max Ventures Investment Holdings Private Limited Promoter Pledge 825000 shares of Max Financial Services Ltd on 29-Mar-22

*Motherson Sumi Systems Limited Promoter Pledge 293000000 shares of Motherson Sumi Wiring India Ltd on 28-Mar-22

Revoke
*SIDDESHWARI TRADEX PRIVATE LIMITED Promoter Group Revoke 220000 shares of Jindal Steel & Power Ltd. on 26-Mar-22
Ashika

Dividend Update
*FLUOROCHEM Interim Dividend Rs. 2 Ex Date 31-Mar-202
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Business News Headlines

Economic Times

Ø Reliance defends takeover of Future stores in letter
Ø Raymond plans to sell ColorPlus and Park Avenue
Ø Apollo Tyres says fully cooperating with CCI investigation
Ø Airtel adds over 710,000 users, Jio loses 9.3 million
Ø NSE-BSE bulk deals: Singapore, Norway, SBI MF among those buying stake in Max Healthcare
Ø Ruchi Soya fixes FPO issue price at Rs 650 per share
Ø NCLT approves transfer of Raymond Apparel biz to parent firm
Ø ONGC to open Vindhyan Basin in MP for gas production
Ø IOC subsidiary to release 6,000 MT diesel to help ease power crisis in Lanka
Ø Russia offers discounts on oil to India, one of Putin's few fuel buyers
Ø India supports release of oil from reserves to cool prices: Minister
Ø Axis Bank acquires Citi India’s retail assets for $1.6 billion
Ø CNG prices have increased by up to 37% in past six months
Ø Govt doubles gas price to record levels; CNG rates may go up


Business Standard

Ø Future Retail CEO Sadashiv Nayak quits; group entities default on payments
Ø Govt keeps interest rate of small savings schemes unchanged for Q1FY23
Ø Maharashtra to lift all Covid curbs from Apr 2, mask won't be compulsory
Ø Future Retail CEO resigns amid legal battle, debt recovery
Ø India's fiscal deficit touched 82.7% of full-year target at end of Feb
Ø Govt to undertake a two-stage review to determine PLI scheme progress
Ø CCI conducts raids on offices of Apollo Tyres, Ceat, Continental
Ø Jio, Vodafone lose subscribers, Airtel gains in Jan, shows Trai data
Ø India a strategic partner for Salesforce, says Co-CEO Bret Taylor
Ø Govt extends ECLGS by one year, expands scope for contact-intensive sectors
Ø No fresh nod needed for approved related party transactions, clarifies Sebi
Ø Delhivery aims IPO for Q1 as market sentiment improves for large offerings

Financial Express

Ø Govt extends stock limits on edible oils, oilseeds till December
Ø CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%
Ø ONGC share sale fully subscribed, govt to get Rs 3,000 cr next fiscal
Ø Mutual funds: Sebi extends deadline for compliance with certain directions to July 1
Ø Covid-hit MSMEs get Rs 6,062-crore boost
Ø India Ratings trims India’s FY23 growth forecast to 7-7.2%
Ø Ruchi Soya files FIR against circulation of text messages advertising FPO, says SMS not issued by company
Ø SEBI inching ahead to set up Social Stock Exchange
Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
Ø Banks get time till March 2023 to implement new system to replenish cash in ATMs
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Mkt. Updates :

SGX Nifty -106 pts (17440) from last trade 17546 ,

Nikkei -215 pts ,
Hangseng -435 pts ,
Now @7.02am .

Dow -550.46 pts ,Nsdq -221.76 pts, S&P
-72.04 pts , Bovespa -260 pts , Ftse -63 pts , Dax -191 pts , Cac -81 pts , Crude @ $100.09 brl (-0.19), Brent @ $107.91 brl (+0.00) , Gold @ 1940.10(-13.90), Silver @ $24.925 (-0.20), Euro @ $1.1067, JPY @ $121.91,  INR @ 75.905


US GOVT. 10-YEAR YIELD : 2.37%


Today's Corporate Action, 01 Apr Ex Date :

*N0NE*


Today's Key Results/Board Meetings, 01-Apr-22 :

MAYURFL
General
PANORAMA
General
STDSHOE
General
SVAMSOF
General
TIGERLOGS
VIKRAMTH
Chemicals
Bonus issu


*SEC. IN F&O BAN FOR, 01-Apr-22*

*NIL*
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

• India to Borrow INR8.45T Via Bonds in April-September
o India to Borrow INR4.32T Via T-Bills April-June
• India Raises Gas Price to Record as Rates Soar on Global Crunch
o New gas rates to boost income for ONGC, Oil India, Reliance
• India’s Current Account Deficit Widens to Near Decade High
• India Feb. Key Industries’ Output Rises 5.8% Y/y
• India April-Feb. Fiscal Deficit at 82.7% of FY22 Target
• India Supports Releasing Strategic Oil to Calm Prices: Minister
• India Extends Limits on Edible Oils Stockpile Till Dec. 31
• Desertification of Land a Big Concern for India, Yadav Says
• Jewelers to Spend More as Buyers Flock Back to Stores in India
• Fairfax India to Sell IIFL Wealth Equity Interest for $190.8M
• India Vehicle Loans Rise to Record in February
• India Foreign Travel Spending Up 27% in 4Q Y/Y
• Emerging Economies 1Q GDP Forecast Declines in Past Week
• Global Funds Buy Net INR30.9B of India Stocks on Thursday: NSE
o Domestic funds buy net 11.5b rupees of stocks
• Foreign Investors Buy Net INR23.8B of Indian Equities Wednesday
• Foreigners Sell Net INR23B of Indian Equity Derivatives Thursday
• CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%: PTI
• Adani Enterprises (ADE): Says Unit Wins INR20.1b Order from NHAI
• Hindustan Zinc (HZ): Approves Up To 200 MW Renewable Power Plan
• Lupin (LPC): U.S. FDA concluded inspection of Unit Novel Laboratories, Somerset, NJ
• NCC (NJCC): To sell Entire Stake in NCC Vizag Urban to GRPL Housing for INR2b
• Oil & Natural Gas Corp (ONGC): To Commercialize Vindhyan Basin
• Punjab National Bank (PNB): Says IDRCL Stake Reduced to 5% from 11.18%
• Punjab & Sind Bank (PJSB): Approves Raising INR46b Via Pref. Issue to Govt
• Sterlite Technologies (SOTL): Sells 64.98% Stake in MTCIL for 430m Rupees
• Vedanta (vedl): To Source 580 MW Renewable Energy Across India
• Wipro (WPRO): Says Wipro GE Healthcare Launch its New Manufacturing Facility in Bengaluru
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

*Tax Rules changes effective from 01.04.2022 that you should know...*

# *NPS* : State Govt Employees will now be able to claim deduction for NPS Contribution by the employee up to 14% of the Basic Salary + DA

# *EPF* : If the contribution by employees to their EPF account is more than 2.5 lakhs in FY 2021-22 and onwards, then the interest earned on the excess contribution will be taxable in their hands. A new EPF account will be opened for this effect.

# *ITR* : Tax payers can now file an updated ITR for errors and mistakes done at the time filing original ITR. They can now file and updated ITR within 2 years from the end of relevant assessment year.

# *VDA / CRYPTO* : Gains from Virtual Digital Assets / Crypto Currencies would be subject to a flat 30% Income Tax. Further, no deduction in respect of any expenditure (except cost of acquisition), will be allowed.

If you receive a gift in form of crypto currency or any other Digital Virtual Asset, will be liable to tax as a Gift.

# *Interest on Small Savings* : Any Interest earned from Postal Saving Schemes (TD, MIS, SCSS) etc... will not be paid in CASH.
By: via @AlliesFin Serve Stock Market