Tough task ahead for govt to meet divestment target, global manufacturing sector shrinking; all this and more on Moneycontrol Pro
Divestment through the exchange-traded funds route of CPSE and Bharat 20 and a small IPO from railway ticketing company IRCTC is unlikely to help the government meet its target.
Divestment through exchange-traded funds route of CPSE and Bharat 20 may not help govt meet its target
The September PMIs show that the manufacturing sector continues to shrink in many countries
Auto sales in September continued to show sharp declines in key segments such as two-wheelers, passenger vehicles and even commercial vehicles
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The government will need out of the box thinking to meet its divestment target
The shortfall in government revenue due to the corporate tax cut has to be made up by raising money from elsewhere. Enter disinvestment in public sector undertakings. The problem is that while disinvestment targets are being raised, the government is taking baby steps to meet them. Divestment through the exchange-traded funds route of CPSE and Bharat 20 and a small IPO from railway ticketing company IRCTC is unlikely to help the government meet its target. Read here to see what needs to be done.
Global markets plunge as manufacturing PMIs slump
The September Purchasing Managers Indices (PMIs) show that the manufacturing sector continues to shrink in many countries. India is still doing relatively better but that isn’t good enough. Read here to know why, the state of the global manufacturing sector and what this means for the world’s dependence on the services sector for growth.
Chart of the day: Auto industry consensus earnings in FY20 headed for a cut
Automobile sales in September continued to show sharp declines in key segments such as two-wheelers, passenger vehicles and even commercial vehicles. While sequential sales are improving, the pace of decline so far signals that earnings will be cut after Q2 results are announced. Read here.
This fallen auto ancillary can make a cool addition to your portfolio
This auto ancillary stock has fallen sharply due to the industry slowdown. But it is expected to do well on the back of its order pipeline and new order wins. It has also forayed into international markets with the supply of components to Renault Nissan for its models in Brazil and to a model made by Suzuki in Indonesia. These would help in diversifying its sources of revenue. Read here to know more on why our analyst likes the stock.
1. Escorts: Escorts is in a strong uptrend and has taken the support of a rising trend line further a break out of a flag pattern. Read here to know how to trade this stock.
2. SBI: SBI has broken through its support level and is expected to remain weak. Read here to know how to trade this stock.
The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events
Introduced by the Reserve Bank of India in 2016, MCLR is the minimum interest at which banks can lend to their customers. MCLR is generally revised on a monthly basis
SBI has shared a detailed notification regarding the recruitment process on their official website. Aspirants are advised to go through the notification and check the steps to apply below