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Nov 12 2020 . ISSUE 4
THE DAILY NEWSLETTER

Good morning😊 With another stimulus package around the corner, it's positive vibes all around. "Sky is the limit" - says the bulls and it indeed seems like we are gearing up for an amazing Diwali!


Buy not on optimism, but on arithmetic.


- Benjamin Graham


GAINERS & LOSERS

NIFTY

12,749.15

+ 118.05

SENSEX

43,593.67

+ 316.02

CRUDE OIL

3,125.00

+ 67.00

GOLD

50,191.00

- 310.00

HOT STOCKS IN NEWS

Glenmark Pharmaceuticals receives ANDA approval for Tacrolimus Capsules USP,0.5mg,1mg and 5 mg.

Aurobindo Pharma Q2 net profit up 26% to Rs 805.65 crore.

Happiest Minds Partners with Io-Tahoe to Deliver SmartData with a Single Enterprise Data Automation Platform.

DAILY FLICKS
A big push to Atmanirbhar Bharath as Govt approves PLI scheme.
Documents in a folder with Trump Organization insignia

If the whole concept of Atmanirbhar Bharath was to stay strong, we had to see some gutsy action from the government and look what great news we've got.! The Government of India approved a Production Lnked Incentive (PLI) scheme worth 1.46 lakh crore for 10 key sectors. The scheme is approved for a five year period.


What is PLI?


As the name suggest, Production Linked Incentive or PLI is a scheme by the Government of India where-in incentives will be provided to the manufacturer of products in selected industries.


Who will benefit?


With government releasing the list of approved incentive amount for each sector, we sure know what to expect and we feel that all major sectors are considered. With automobile sector getting the major chunk of the money at 57042 crore rupees, the sector can breath again after few quarters of huge drop in gains.


Other major sectors included in the scheme are Advanced Chemistry Cell (ACC) batteries, Pharmaceutical Drugs, Telecom and networking products, Food products, Textile products, white goods (AC and LEDS), Speciality steels and High efficiency solar PV modules.


With future in sight


As evident from the announcement, goverment has stayed thoughtful in shifitng its focus towards the future of our nation. By being able to make economically essential projects commercially viable, we are expecting huge amount of investments to flow to India in the years to come.


With respective ministries/ department assigned the responsibility of implementing the scheme which is targeted for we are keenly looking forward to the final guidelines on the scheme.! Ache din aane wala hai boss!


Amazon Accuses Future of Insider Trading
walmart shopping

The Amazon vs "Future" row keeps on getting interesting at every turn. After accusing Future of violating contractual terms, Amazon has now accused the Indian retailers of insider trading.


The Battle Continues


Amazon and Jeff Bezos are in no mood to let Reliance take the upper hand in Indian retail market. In another attempt to block Reliance's takeover of Future Retail, Amazon has asked India's market regulator (SEBI) to investigate Future Retail Ltd for insider trading.


This isn't Amazon's first attempt at blocking the deal and it pretty much will not be their last. Amazon had earlier approached SEBI to block the deal citing allegations regarding Future's violation of the deal it had with Amazon that prevented it from selling to Reliance.


All eyes on the verdict


It remains to be seen whether Indian courts and regulators will side with Amazon or Future Retail. The verdict will also be a key test of whether Indian firms, courts and regulators will respect arbitration decisions made in accordance with overseas arbitration rules.


Bottom line: As the days pass, the tension keeps rising and the skirmish looks most likely to go to the wire.


ITC launches 'Earth positive' chocolate variant
walmart shopping

Yes, chocolates do get into the news, especially if they are a 11,000 crore market and if the chocolate in question is said to be quite the ground breaker.


Fabelle La Terr


In the backdrop of consumer's evolving preferences, ITC Ltd's Fabelle Chocolates has launched a brand new form of an ‘Earth Positive' chocolate called Fabelle La Terre. It is made from just two ingredients, Indian cocoa and honey, that should be enough to get your mouths watering.


First lunge towards domination?


The chocolate might just mark a huge step towards dominating the FMCG sector by ITC. Apart from the Fabelle La Terre, the company have also launched a series of chocolate variants in hopes of taking full advantage of the upcoming festive season.


A box of 10 Fabelle La Terre will be available at a price Rs 1,500 and viable on made to order basis across all top 6 metros.


Bottom line: Get you and your family a box of Fabelle La Terre this festive season and enjoy the rich mixture of cocoa and honey.

NMDC Board nod for buyback of shares
walmart shopping

Following the likes of Wipro & NTPC, and many other companies, mining major NMDC is also going in for a buyback of shares.


The Board Approves


The Board of Directors of NMDC has approved a buyback of 13.12 crore equity shares at ₹105 each. The firm has set November 23 as the date, and it would be the third buy-back by the public sector mining major since 2016.


As of November 6, the Centre holds 69.65% in NMDC. The remaining 30.35% is held by the public.


OTHER FLICKS
  • The Centre will receive an amount of ₹3,056 crore as dividend from Maharatna PSU Coal India Ltd as the miner has announced an interim dividend at a rate of ₹7.50 per share for the 2020-21 financial year.
  • Government allowes airlines to increase the total number of flights to up to 70% of the pre-COVID levels.
  • Deep-freeze hurdle Pfizer Inc. and BioNTech SE’s Covid-19 vaccine need to be kept at minus 70 degrees Celsius and and injected within five days. This would be a challenge for developing countries like India.
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