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Signs of progress on the $1.9 trillion US Covid rescue plan and easing of US 10-year bond yield may send domestic stocks rallying on Monday. Here s the breaking down of the pre-market actions:
State of the markets
SGX Nifty signals gap-up start:Nifty futures on the Singapore Exchange traded 229 points, or 1.58 per cent, higher at 14,753.50 in signs that Dalal Street was headed for a gap-up start on Monday.
Tech View: Nifty forms Island Reversal
Nifty50 tumbled over 550 points on Friday and formed an Island Reversal pattern on the daily chart. On the weekly scale, it formed a bearish candle, along with a lower high lower low formation. The candle patterns suggest a bearish bias for the market.
Updated:
February 09, 2021 10:48 IST
Over ₹1,290 cr. penalty levied so far for deposits made in unreported foreign bank accounts in HSBC cases, tells MoS Anurag Thakur in Lok Sabha
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According to MoS Anurag Thakur, the Indian government has taken various initiatives in the recent years to bring back black money from abroad. File photo for representational purpose only
| Photo Credit:
REUTERS
Over ₹1,290 cr. penalty levied so far for deposits made in unreported foreign bank accounts in HSBC cases, tells MoS Anurag Thakur in Lok Sabha
The tax department has issued notices in 475 cases involving undisclosed foreign assets and income of over ₹14,300 crore under the Foreign Black Money Act, Minister of State for Finance Anurag Thakur said on Monday.
This includes 490 complaints against registered NBFCs
The Government on Monday informed the Lok Sabha that Reserve Bank of India has received complaints against 1,500 digital lending applications (popularly known as loan apps). It also informed the Lower House that there will be no change in service conditions of employees of BPCL post-disinvestment.
Loan app
In a written answer to a question in the Lok Sabha, Minister of State in Finance Ministry Anurag Singh Thakur said no data is captured by the Corporate Affairs Ministry regarding the number of registered companies providing online apps-based loan in the country at present. Meanwhile, the “RBI has intimated that it has received complaint against 1,509 digital lending applications,” he said. This includes 490 complaints against registered NBFCs which are operating digital loan apps, while 1,019 complaints are against unregistered/unregulated digital loan applications.
UPDATED: January 25, 2021 10:16 IST
Mob law: A clash between a group of anti-CAA protesters and supporters of the Act turns violent in Delhi s Jafrabad area in Feb. 2020 (Photo: K Asif)
Corruption, safety of women and law & order remain prime concerns for MOTN respondents. Opinion is divided on the state of Indian democracy, and differs along religious lines on love jihad laws.
Is democracy safe or under siege in India? According to the India Today Mood of the Nation (MOTN) survey, the country is divided on the issue. While a large chunk believes our democracy is not under any threat, many others are apprehensive. This is despite the positive image Prime Minister Narendra Modi enjoys as an exceptional leader and a tough negotiator with a nativist governing philosophy catering to a populist and nationalist sentiment-all fitting the mould of an elected autocrat.
/Proposed sale of 33.12% equity shares of Prime Focus by Credit Suisse to PFL’s promoters is blatant abuse: RCAP Group
Proposed sale of 33.12% equity shares of Prime Focus by Credit Suisse to PFL’s promoters is blatant abuse: RCAP Group
By IANS| Published: 28th December 2020 3:35 pm IST
Mumbai, Dec 28 : The proposed sale of 33.12% equity shares of Prime Focus Ltd. (PFL) by Credit Suisse (CS) to the PFLs promoter group at Rs 44.15 per share is a blatant abuse of the purported rights by CS under certain lending agreements with RCAP Group.
A RCap statement said the proposed sale is being attempted privately and clandestinely between 2 foreign entities, without any open, fair and transparent process being conducted to realise the true value of the shares and disregarding basic norms of conflict of interest.