Daily Archives: Wednesday April 10th, 2019

Vodafone may get Rs 5,500 crore

stock market news

Mumbai-Vodafone Idea hopes that after the process of selling its 11.15 per cent stake in the Indus Tower in the next three-four months, it will receive around Rs 5,500 crore. A senior official has informed about this. According to an agreement made by Bharti Infratel in April 2018, before the merger of Bharti Group’s largest mobile tower company, the company has the option of getting cash by selling 11.15 percent stake in Indus Tower.
Vodafone Idea Chief Financial Officer Akshay Moondra said, “The process is currently underway in NCLT and it is estimated that it will be completed in the next three-four months. We have the right to get cash before merging. However, the price can fluctuate. Pran Bharti is dependent on Infra Tale’s share price. According to the current share prices of Bharti Infratel, the cash value is Rs 5,500 crore.
The company expects that the amount raised by selling its stake in the Indus Tower and the issue of 25,000 crore rights issue will enable it to compete in the market for a longer time. Balash Sharma, CEO of Vodafone Idea, said, “We believe that through the amount of money raised through rights issue and Indus Tower Limited, we will be able to make the necessary investment and achieve our strategic goals.

SME sector needs help, May be out of jobs

stock market news

After studying deeply on the employment opportunity indices in Nomura Research Institute Limited (NRI Consulting and Solutions), India, it has come to the conclusion that the MSME (Micro, Small and Medium Enterprises) sector of India will be in the next 4 to 5 years Ready to create more than 10 million jobs, but he needs a lot of help for more jobs.
This report says that India is an attractive market for consumption by the growth of the middle class and the increase in the incomeable income. However, the important portion consumed in India is met by imports, thus creating capabilities of the domestic manufacturing sector are limited in creating jobs. Domestic production is being promoted, but if more attention is given to expanding the manufacturing MSME in different places, then many jobs can be created. It will have to adopt measures that are targeted to improve the market competitiveness of MSME.

According to the Annual Report of the MSME Ministry 2017-18, MSME Sector contributes 3.6 million jobs (~ 70%) in the manufacturing sector. MMEs are spread across different places of India. By focusing on developing MSME in India, additional 7 to 10 million employment opportunities can be created in the next 4-5 years and the import can also be reduced.
Ashim Sharma, partner of NRI Consulting and Solutions, said that the manufacturing ecosystem is constantly evolving under the influence of changing consumer behavior and various trends of the global trends in the world. It has motivated the domestic micro and small scale industries of India and thereby creating jobs. The MSME sector needs a market-oriented strategy to increase its scope, which is based on two main areas of demand driven production and advocacy marketing of products.

This report is explained in detail in the role of advocacy marketing which can help develop a positive perception about the products made by MSME. Because many traditional industries depend on imports due to the notion of “cheap” and “poor quality” and “not trendy”. To ensure this, it has been said in the report that in various consumer categories, both ‘B2B’ and ‘B2C’ should find ‘the most influential people’.

Heavy fall in the market

Sensex ends down

MUMBAI: After the afternoon, there is pressure on the sell-out in the market. At the turn of the business, the BSE 30-share index Sensex closed at 38585.35 with a loss of 353.87 points, or 0.91 per cent. On the other hand, NSE’s 50-share index Nifty closed 87.65 points, i.e. 0.75 per cent, at 11584.30 level.
Bank Nifty also closed at 29800 with weakness of nearly 310 points. The mid-caps also saw a slight decline. Today, IT, metal, and bank stocks got the most sales volume. Realty and pharma stocks also have profits in the last hours. HDFC Bank has more than 1 crore shares of more than Rs. 3100 crores. These stocks closed nearly 2 per cent today.
Mid-and small-cap shares have also seen weakness in the same time with giant stocks. 0.33 per cent down at 15368.86 level. At the same time, the smallcap index closed with a weakness of 0.02 per cent. In oil and gas stocks, there was a pressure of selling. BSE’s oil and gas index closed 0.64 percent lower.
Bank Nifty also closed at 29803.50 with weakness of more than 1 per cent due to slowdown in bank stocks. The Nifty’s PSU bank index closed 1.04 per cent today and the private bank index closed 0.91 per cent. In today’s business, banking, metal, IT and financial stocks were among the most vulnerable. The Nifty Metal Index closed 0.91 percent today, IT index 0.76 percent and the Financial Services Index 1.1 percent weakness.
However, today pharma, auto and realty stocks saw strong buying, the pharma index closed at a four-month high today. Straits Pharma and Cipla saw an upswing of 3 per cent. At the same time, Biocon is closed on a week’s peak. Fierce shopping too in realty stocks Nifty Realty Index jumped more than 2% today