MID NIGHT NEWS – 17TH NOV 2017

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 Midnight News Update – Nov 17th 2017   Geoffrey Dennis of UBS has come out with one of the bearish outlook for Indian equity markets with estimates of a 20% correction to necessitate buying interest in stocks. According to Dennis, the Indian...

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Mid Night News – 15th Nov 2017

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 Midnight News Update – Nov 15th 2017   After a gap of nearly 13 months, exports growth fell -1.1% to $23.1 billion for the month of October. The sharp fall in exports was an outcome of the confusions over GST credits for exporters. The...

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Mid Night News – 13th Nov 2017

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 Midnight News Update – Nov 13th 2017   In the aftermath of stringent SEBI regulations pertaining to P-Notes, the total value of P-Notes fell to an 8-year low of Rs.123,000 crore. P-Notes are a means for foreign investors to indirectly participate...

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Mid Night News – 10th Nov 2017

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 Midnight News Update – Nov 10th 2017   In a move that will make it significantly simpler for foreign companies to invest in India, the RBI has made some significant relaxations to the Foreign Exchange Management Act (FEMA). Firstly, the...

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Mid Night News – 09th Nov 2017

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 Midnight News Update – Nov 09th 2017   Exactly one year after the government announced its move to demonetize the 500 and 1000 currency notes Bloomberg has made its first estimates of the actual loss to the Indian economy at $15 billion....

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Mid Night News – 08th Nov 2017

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 Midnight News Update – Nov 08th 2017   The Lupin stock cracked by over 16% on Tuesday after the company admitted that the US FDA had sent a warning letter over its manufacturing facilities in Goa and Pithampur. Both are key formulations...

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Mid Night News – 07th Nov 2017

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 Midnight News Update – Nov 07th 2017   Even as the Saudi regime undertook an unprecedented purge, Brent Crude touched a 30-month high of $62.49/bbl. As Prince Salman went about consolidating his hold over the Saudi empire, there is a concern...

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Mid Night News – 03rd Nov 2017

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 Midnight News Update – Nov 03rd 2017   Vedanta put up another quarter of sterling performance as its metals business performed extremely well. There was positive growth in EBITDA in the zinc and the copper business while the oil business...

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