ArcelorMittal's shares up 2.5%, demand recovery to remain sluggish in near term; all this and more on Moneycontrol Pro
ArcelorMittal’s shares rose by 2.5% on Friday, the day the Supreme Court cleared its acquisition of Essar Steel.
A survey conducted by the NSO between July 2017 and June 2018 says average real (inflation-adjusted) monthly consumption spending per head fell by 3.7% as compared to 2011-12
Britannia has pruned expenses which is reasonable given the slowdown, despite the steady offtake for new launches and consistent market share gains
There are apps and services that will help one take care of most of his or her personal finance and money management needs
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Why ArcelorMittal should take its IBC prize Essar Steel public
ArcelorMittal’s shares rose by 2.5 percent on Friday, the day the Supreme Court cleared its acquisition of Essar Steel. That reaction may seem optimistic, since its acquisition coincides with a rather difficult period for the global steel industry. Demand conditions have turned weak and so have steel prices even as the uncertainty due to the US-China trade war continues to linger. While Essar Steel is a feather in ArcelorMittal’s cap the latter has its task cut out and its balance sheet will feel the strain of the acquisition. But its investors have good reason to be optimistic. Read more.
Was consumer spending in 2017-18 really lower than in 2011-12?
A survey conducted by the National Statistical Office (NSO) between July 2017 and June 2018 says average real (inflation-adjusted) monthly consumption spending per head fell by 3.7 percent as compared to 2011-12, according to documents leaked to Business Standard newspaper. While demonetisation and Goods and Services Tax (GST) could plausibly have led to lower demand, would they affect it so much that consumption expenditure in 2017-18 would be less than what it was six years ago? How do other macro and corporate data square with this survey? Read more.
Britannia: Demand growth recovery may take up to 3 quarters
Our in-house research team had picked up Britannia as part of our Diamonds in the Dust series on 22 August 2019. Since then, Britannia has gained 34 percent. Now, its September quarter earnings suggest that demand recovery would remain sluggish in the near term. The company has pruned expenses which is reasonable given the slowdown, despite the steady offtake for new launches and consistent market share gains. So what should investors do? Read more.
Where is the comfort in large cap IT?
Does the traditional safe haven of IT stocks continue to offer shelter amidst the many headwinds ranging from the global uncertainty stemming from trade wars to a severe domestic slowdown? Are the stocks attractive in spite of the uninspiring performance of IT companies in the past year? We feel large cap IT still offers pockets of safety, but investors have to be selective. Read more.
Picks from our technical analysts (Please click on security name to access recos)
LifeHacks | Five apps to help manage your personal finance from your smartphone
LifeHacks is a series that offers readers vital tips to help live, work — and play better. In the third installment, we tell you how managing your personal finance can be done right from your smartphone. From keeping track of your expenses to making investments, there are apps and services that will help you take care of most of your personal finance and money management needs. Read more.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
As per GST rules, for the supplies made in the month of October, the GSTR-3B returns were expected to be filed in a staggered manner by 20, 22 and 24 November
At Rs 1,04,963 crore, the November 2020 collections were higher than Rs 1.03 lakh crore recorded in November 2019 but were Rs 192 crore lower than October 2020 collections
Chhattisgarh accepts Centre’s borrowing proposal for GST shortfall; Jharkhand lone state to keep out
Centre had given the option to states and UTs to get the amount of GST shortfall through a special borrowing window