General Trading Chat

[Dr. Jan Itor]

Loyal companion of my childhood... hope that it revives some day soon...
Atlas Cycles shuts operations at last manufacturing unit
The company shut the factory on June 3, which ironically was also the World Bicycle Day. It laid off 431 remaining employees, though Rana insists they continue to be on the roll of the company and will be paid "lay-off wages" upon marking attendance daily.


https://www.financialexpress.com/in...perations-at-last-manufacturing-unit/1982656/

 

[Dr. Jan Itor]

Good news for banks or postponement of the eventual?

President approves ordinance to suspend IBC, offer 6-month relief to firms
Reprieve can be extended up to a year via govt notification; default committed before March 25 not to enjoy benefit

https://www.business-standard.com/a...r-6-month-relief-to-firms-120060501612_1.html

 

[Dr. Jan Itor]

Eveyone's muscle flexing...

Exclusive l JM Financial looks to raise around $100 million via QIP, in talks with I-Sec & IDFC securities
A source confirmed the QIP plans to Moneycontrol and said it could be launched within the next few weeks.

https://www.moneycontrol.com/news/b...talks-with-i-sec-idfc-securities-5367981.html

 

[timepass]

Mukesh Ambani Won the World’s Most Expensive Sibling Rivalry
https://www.bloomberg.com/news/feat...BdKpngrMsj4siExgWeReqps9ykMeThDbVzv-GrgZNmBmI

 

[timepass]

Uday Kotak interview :

Uday Kotak addresses the ‘dragon’ in the room
https://www.cnbctv18.com/economy/uday-kotak-addresses-the-dragon-in-the-room-6085481.htm

A lot of people are advocating cash transfer to the public. What's your take on this ?

 

[timepass]

The unlock shows its hand.

Petrol, diesel price increased all over India for first time in 80 days
2 min read . Updated: 07 Jun 2020, 12:07 PM ISTNikhil Agarwal

• Oil marketing companies had stopped revising daily prices of petrol and diesel after March 16
• Crude oil rates went up by almost 20% last week

https://www.livemint.com/news/india...for-first-time-in-80-days-11591506701429.html

The thing is, the prices of branded/ packed items have gone up - be it Pillsbury atta or Sensodyne toothpaste or Rooh Afza. Is there more inflation in the offing (regardless of the government figures) ?

 

[Dr. Jan Itor]

The unlock shows its hand.

Petrol, diesel price increased all over India for first time in 80 days
2 min read . Updated: 07 Jun 2020, 12:07 PM ISTNikhil Agarwal

• Oil marketing companies had stopped revising daily prices of petrol and diesel after March 16
• Crude oil rates went up by almost 20% last week

https://www.livemint.com/news/india...for-first-time-in-80-days-11591506701429.html

The thing is, the prices of branded/ packed items have gone up - be it Pillsbury atta or Sensodyne toothpaste or Rooh Afza. Is there more inflation in the offing (regardless of the government figures) ?

Pata nahi sir... it all depends, imo, on two things - the real impact of the lockdown on incomes and the elasticity of demand. So two pertinent questions at hand. Are you reducing your consumption because of price rise or switching to cheaper alternatives? (companies are reporting increase in sale of small packets/sachets) And are you being forced to cut back because of lower salary? (haven't come across any data regarding this so far)
Reg. petrol, I don't think anything will happen. 7 years ago someone from BJP would have launched an attack and the government would have had to buckle down and reduce excise to compensate for the rise of crude. Now no such thing will happen.

 

[siddhant4u]

https://www.livemint.com/industry/b...ys-arvind-kapil-hdfc-bank-11591526932484.html

Expect things to return to normal in next 90 days: Arvind Kapil, HDFC Bank

 

[Dr. Jan Itor]

Is there some movement on GAIL disinvestment or bifurcation? Why the move? News or technicals?

 

[timepass]

?? Freak trade in USDINR ?? Check the high.