Ecr

Explained | What is the new Aadhaar seeding rule, who does the decision affect, what is the new deadline

The Employee Provident Fund Organisation has extended the last date to seed Aadhaar number with the Universal Account Number for filing electronic challan-cum-returns by three months to September 1, 2021

20 wagons of goods train derail in Bihar

The good train derailed in between Karmnasa and Dhanaicha in Mughalsarai-Gaya section. Mughalsarai division forms part of the ECR, with its headquarter at Hajipur in Vaishali district of Bihar. Railway employees are engaged in clearing the track for resuming normal traffic, the CPRO said.

Prime Property: Chennai's ECR expects a sea of change soon

One of Chennai‘s most luxurious hot spot may get a makeover. The sea facing east coast road (ECR) may become Chennai‘s new hub for mid-rich housing. Jude Sannith of Prime Property has more details.

Tata Motors can test Rs 365: Prakash Diwan

Prakash Diwan, Chief Portfolio Strategist of Prakash Diwan's Wealth Circle, ECR is of the view that Tata Motors can test Rs 365.

Oil India can touch Rs 640: Prakash Diwan

Prakash Diwan, Chief Portfolio Strategist of Prakash Diwan's Wealth Circle, ECR is of the view that Oil India can touch Rs 640.

Hold Dr Reddys Laboratories: Prakash Diwan

One can hold Dr Reddys Laboratories, says Prakash Diwan, Chief Portfolio Strategist of Prakash Diwan's Wealth Circle, ECR.

Amara Raja Batteries can touch Rs 315-318: Prakash Diwan

Prakash Diwan, Chief Portfolio Strategist of Prakash Diwan's Wealth Circle, ECR is of the view that Amara Raja Batteries can touch Rs 315-318, which would be a good target to start exiting.

Hold Tata Steel, says Prakash Diwan

Prakash Diwan, Chief Portfolio Strategist of Prakash Diwan's Wealth Circle, ECR advises to hold Tata Steel. The stock can move to Rs 360 in the next six-nine months.

Expect IT sector to outperform: Shah

Nilesh Shah - MD & CEO, ECR, Envision Capital feels the IT sector still has a strong chance to outperform.

Buy Aurobindo Pharma; SL Rs 157, target Rs 174: Chopra

One can buy Aurobindo Pharma with a stop-loss of Rs 157 for the target of Rs 174, says Manav Chopra, Senior Technical Research Analyst at Nirmal Bang Securities.

Hindalco Industries has support at Rs 116: Chopra

Hindalco Industries has support at Rs 116, says Manav Chopra, Senior Technical Research Analyst at Nirmal Bang Securities.

Expect Ambuja Cements to test Rs 230-235: Chopra

Manav Chopra, Senior Technical Research Analyst at Nirmal Bang Securities, is of the view that Ambuja Cements is expected to test the levels of Rs 230-235 in the near-term and Grasim Industries to test Rs 3,520 levels.

Hike in export refinance limit to bridge liquidity gap: M&M

Welcoming hike ECR limit, VS Parthasarathy of M&M highlighted the dual impact of this move. "It gives two impacts, it gives liquidity and secondly it has a basis of getting rates reduced for the exporter or it gives a little bit of cushion for the bank to act the way that they want."

RBI's ECR hike no kicker, cost of fund real issue: Bankers

Bankers are not so kicked about the Reserve Bank of India (RBI) increasing export Credit Refinance (ECR) limit to 50% of the outstanding rupee export credit for banks, from 15%. The central bank feels that this will provide additional liquidity support to banks of over Rs 30,000 crore.

RBI boosts export credit refinance limit, injects Rs 30K cr

The Reserve Bank today decided to enhance the Export Credit Refinance (ECR) limit to 50% of the outstanding rupee export credit for banks, from 15%, a move that will inject Rs 30,000 crore into the system.

Expect 25-30% upside in Yes Bank: Hemang Jani

Yes Bank can give another 25-30% kind of an upside over the next 8-12 month, says Hemang Jani, Sr Vice President, Sharekhan, ECR.

Sell if and when Nifty hits 5900-6000, advises Baliga

The Nifty could see levels of 6,000, says Ambareesh Baliga, COO, Way2Wealth. He advices investors to book profits. “There is no logic for the markets to hold on at these levels other than liquidity factors because clearly oil will be a big issue going ahead,” he adds.