There was the challenge of jurisdiction, and that of finding a train. Only a day before, the administration had sent off over 2,500 U.P. workers in two trains. Pintu and others refused to go back to the nursery. The RI Vasanthi was called in since their village appeared closer to her jurisdiction. … [Read more...] about After much trauma, 21 migrant workers head home
Head of homeland security
Investors put money in debt mutual funds to get stable returns. The return on a debt portfolio is broken into two parts: the income which is the coupon/yield to maturity (YTM) of the underlying securities in the portfolio, and the price appreciation of securities in the portfolio. Analysing the total returns over a longer time frame, 80-85 per cent of returns is generated by YTM of the portfolio and the balance 15-20 per cent by capital appreciation. In the past, retail and HNI investors have always been inclined towards schemes that offered higher YTM. YTM is the stable part of the returns of the portfolio. The risk of a high-quality portfolio is volatility, as the underlying securities are traded frequently. However, we are seeing a shift of retail and HNI investors from credit funds to good quality portfolios this financial year. Lower GDP growth and high leverage of Indian companies have led to credit quality deterioration and security prices moving down/marked down in a … [Read more...] about Debt market’s love for G-Secs & PSU papers is here to stay
NEW DELHI: A Central Industrial Security Force personnel posted at the GRSEL, a warship manufacturing facility in Kolkata, has succumbed to the novel coronavirus, officials said on Friday. They said head constable Susanta Kumar Ghosh, 58, was a resident of Murshidabad district of West Bengal. This is the fourth death from coronavirus in the about 1.62 lakh personnel strong force and the second from this unit, a defence PSU located in Kolkata. Earlier, 55-year-old Assistant Sub Inspector (ASI) rank official from this unit had succumbed to the virus. An official posted at the Indian Museum in Kolkata and another in the unit that guards the Mumbai international airport have been the earlier COVID-19 casualties in the force. At least 40 CISF personnel of the GRSEL unit have been infected with the disease and as per latest data, only one personnel is under treatment, while the rest have recovered. The Garden Reach Ship Builders and Engineers Limited (GRSEL), under the administrative … [Read more...] about CISF official posted at warship building GRSEL succumbs to COVID-19
Domestic stocks may weaken on Friday ahead of US President Donald Trump's press conference on China later in the day. US-China trade tension and a flareup over China's approval to a controversial security law for Hong Kong have hit market sentiments globally. This could end a two-day rally in domestic stocks. Here’s breaking down the pre-market actions. TRADE SETUP SGX Nifty signals tepid start Nifty futures on the Singapore Exchange traded 5 points, or 0.05 per cent lower at 9,421 in signs that Dalal Street was headed for a tepid start on Friday. Tech view: Nifty50 forms bullish candle Nifty50 on Thursday closed around the day's high point. Analysts said momentum indicator Stochastic is now in bullish mode, which supports the upside momentum. The index is also sustaining above its 20-day and 50-day SMAs, adding to the optimism, said Rajesh Palviya of Axis Securities. F&O watch: Market-wide rollovers at 91% Market-wide rollovers stood at 91 per cent. Nifty rollovers … [Read more...] about SGX Nifty flat; here’s what changed for market while you were sleeping
Bonds have much more money invested in them worldwide than in equities, but don’t get the column inches they deserve. That’s because bond returns don’t appear as spectacular as those in stocks, but in stressful times, they are good bets - more so if state backed. So, the latest Bharat Bond ETF issue will likely draw investors, who should earn 150 basis points more than the yields on existing tax-free debt. Set to be launched in July, the latest Bharat Bond ETF series aims to raise Rs 14,000 crore. This tranche of mutual fund units, tapping into retail savings, is estimated to yield a tax-free return of 6.21% for people in the marginal tax bracket. Those returns easily outpace the gains from existing tax-free bonds in the secondary market, perhaps by more than 150 basis points. So, these are cool bets for high net worth individuals shifting funds from risky assets. Tax Free Bonds (AAA) are now trading at 4.65% yield-to-maturity, a gauge used to measure returns on … [Read more...] about Should you invest in Bharat Bond ETF?