BUSINESS
Mutual Fund wrap: RBI's additional liquidity enhancing measures - a boon for fund houses
With greater capital infusion to NBFCs and MFIs, their credit rating will revive.Higher rated NBFC and MFI papers will be available for MFs to invest in 2020.
BUSINESS
Coronavirus impact | Retail channels see sharp fall in growth: Nielsen India
A survey with top industry leaders conducted by Nielsen revealed that supply chain and mobility issues have emerged as the biggest industry concern in the FMCG and retail space
BUSINESS
COVID-19 lockdown: DMart hands out time coupons, keeps 24-hour outlets open to avoid rush
Customers are also happy as they do not have to wait in long queues for buying essentials under the scorching heat
BUSINESS
PGIM MF bets on chemicals, pharma, utility plays
Companies with high leverage have seen maximum correction as these companies are at great risk during the coronavirus pandemic
BUSINESS
Union MF buying into equities to benefit from discounted valuations
The mutual fund house is betting on telecom, healthcare and industrial sectors.
BUSINESS
Paytm Mall ties up with more suppliers, logistics partners for swift delivery of essentials
Paytm Mall has waived off penalties on merchants for order cancellations and delays in processing
BUSINESS
Coronavirus fallout: Smokers, tipplers affected as cigarettes, liquor being sold at exorbitant prices
The ban on the supply of alcohol and cigarettes has pushed the sellers, who have old stock, to charge exorbitant prices for a pack of cigarette and bottle of whiskey or a beer in the country
BUSINESS
Coronavirus lockdown: Alcohol body recommends Maharashtra government to allow online delivery
West Bengal and Meghalaya have already started online delivery of alcohol
BUSINESS
Retail Association says enough stock of essentials even if the lockdown is extended
The association along with its members is working closely with various state governments and with the Centre to resolve supply concerns with regards to essentials as they arise
BUSINESS
COVID-19 impact | Not just essentials, demand for packaged foods also surges
Consumers were mainly stocking up processed items such as chips, nachos, namkeen, biscuits, among others.
BUSINESS
SIPs see highest inflows despite market fall in March
Equity funds registered highest-ever inflows of Rs 11,723 crore in FY20.
BUSINESS
DSP MF sees severe cuts to corporate earnings if lockdown is extended
Vinit Sambre, Head-Equities, DSP Mutual Fund, feels travel, tourism and retail sectors have been the hardest hit due to the lockdown
BUSINESS
Betting on healthcare, good quality industrials: Navneet Munot, SBI MF
The current crisis may force marginal players to shut shop, he feels.
BUSINESS
Coronavirus pandemic | Retail sector's recovery hinges on government support, say experts
In the absence of major support, as many as 20-25 percent of retailers may be out of business or will need dire financial infusion to stay afloat.
BUSINESS
Coronavirus impact | New cut-off timings to lessen the load for fund houses
RBI has also curtailed the market hours for various segments of bond markets to four hours – 10 AM to 2 PM.
BUSINESS
MFs reopen small-cap funds for lumpum investments
The current market phase is very similar to 2013 wherein significant correction in small cap stocks was seen.
BUSINESS
Coronavirus pandemic| Staff shortage leads grocery firms to seek talent elsewhere
The entire retail industry (including grocery stores) is seeing a slowdown over the last two weeks. Talent shortage has amplified the problem
BUSINESS
Coronavirus impact | Retailers, government join hands to ease supply chain woes
RAI is also in discussions with online food delivery firms like Swiggy and Zomato for last-mile delivery of essentials.
BUSINESS
Coronavirus impact: Retailers Association sees losses impacting the sector; revival to take 6 months
Globally, retail is given lot of importance and lot of bailout packages have been given but in India not a single incentive has been given so far.
BUSINESS
Valuations not as low as 2008-09 crisis: Vetri Subramaniam, UTI AMC
"Corporate sales growth and profits may be adversely affected in FY21. But if we can navigate this period well, then a recovery should set in thereafter," Subramaniam said.
BUSINESS
Coronavirus impact: Companies launch hand sanitiser sachets for as low as Re 1
The sachets are launched with an aim to make it easily affordable and accessible largely in kirana stores.
BUSINESS
Will RBI’s move to waive MTM rule for banks prompt MFs to demand same from Sebi?
RBI measures will ease the liquidity freeze in the bond markets and bring down the yields. This should reverse the mark-to-market losses seen by investors in the recent past.
BUSINESS
Coronavirus impact | Labour shortage leading to tardy distribution of essentials: FMCG distributors
"The major issue we are facing is lack of manpower, particularly loaders. I have received the products from the manufacturer but how do I distribute?” said a Mumbai-based distributor of Marico and RB India (Reckitt Benckiser)
BUSINESS
Coronavirus impact | Hand sanitiser sales up 53% in February: Nielsen India
"In 11 states, we have witnessed more than 40 percent growth compared to a year-ago period," said Sameer Shukla, West Market Leader, Nielsen Global Connect, South Asia.
