Financials, RIL lift indices; Sensex jumps 700 pts, Nifty ends at 10,092

All that happened in the markets today

12:58 PM

FPI investments from China at Rs 3,257 cr, still behind other nations

Foreign portfolio investments from China in Indian equities stood at Rs 3,257 crore as on March 31. This is four times the amount of Rs 774 crore invested at the end of the previous quarter, data from PRIME Database shows.

 

This includes investments where shareholding is greater than 1 per cent of the total share capital. The largest share of investment was in HDFC by the People’s Bank of China, to the tune of Rs 2,857 crore. READ MORE

12:49 PM

Earnings Alert | Caplin Point Q4

>> Consolidated net profit at Rs 48.9 crore

>> Cons revenue at Rs 215 crore

>> Other income at Rs 19.6 crore

12:43 PM

Fitch revises India's rating: A third view which is different yet again?

Credit rating agencies across the world have tended to converge in views, though they may not actually give the same rating. In India’s case, Fitch had retained the rating at BBB- but changed the outlook to negative from stable, while Moody’s had downgraded India and Standard & Poor’s (S&P) retained the rating. However, the commentary of all the rating agencies are similar and this is where one can look at what Fitch has got to say.

 

Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects. This is different from Moody’s that had taken the view that growth has not been impressive even before the pandemic came. READ MORE

12:32 PM

Bank stocks trade in the green post AGR hearing; Nifty Bank index up 0.7%

12:24 PM

AGR Case | SC directs telecom companies to submit financial documents of last 10 yrs, reports CNBC TV18

12:20 PM

AGR Case | SC defers hearing to third week of July on the issue of furnishing undertaking

>> SC orders, DoT had sought time to consider the telcos proposals, will allow time till third week of July.

12:16 PM

AGR Case | Consider it a joint submission from all telcos that bank guarantees would be unfeasible: Tata counsel to SC

>> Furnishing of bank guarantees will have an adverse impact of further investments in the sector

(As reported by CNBC TV18)

12:13 PM

AGR Case | Allow us 2 wks to confer with the management, and we will get back: Voda Idea's counsel to SC

(As reported by CNBC TV18)

12:12 PM

AGR Case | This is the only industry that has done biz during lockdown, should deposit a reasonable amount: observes SC

>> Must make payment, govt needs money for public welfare.

12:10 PM

AGR Case | There has to be provision for down payment to avail of staggered payments, observes SC

>> Need to show bonafide to claim benefits of staggered payment. 

 

>> Voda-Idea must work something out to come with some offer. 

 

>> Reasonable amount needs to be paid upfront.

(As reported by CNBC TV18)
 

12:07 PM

AGR Case | You are a foreign company, what if you walk away, leaving your assets here, asks SC from Voda Idea

12:05 PM

AGR Case | Assets worth Rs 42,000 cr have been charged as securities to secure borrowing of over Rs 1 trn: Voda Idea's counsel to SC

(As reported by CNBC TV18)

12:03 PM

AGR Case | The only way for us is to earn and make staggered payment over 20 yrs: Voda Idea's counsel to SC

>> We'll deposit all documents to manifest that Voda is not making profits

11:59 AM

AGR Case | SC observes, how has Voda Idea made provisions of Rs 52,000 cr of contingent liabilities if not making any money?

>> SC asks, what if Voda Idea goes into insolvency during the 20 year period?

11:58 AM

AGR Case | If asked to pay up by tomorrow, company will fold up, says Voda Idea's counsel

>> Can file balance sheets, income tax returns, any document to show that we have no profits.