Name: NAREDCO suggests one-time roll over of realty loans
Uploaded: 2019-12-27T16:15:08.0+05:30
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In a recent letter to the Finance Minister with recommendations to revive the realty sector, the National Real Estate Development Council (NAREDCO) has urged the govern

NAREDCO suggests one-time roll over of realty loans

In a recent letter to the Finance Minister with recommendations to revive the realty sector, the National Real Estate Development Council (NAREDCO)&nbsp;has urged the government to provide a one-time roll over or restructuring of loans taken by developers. Due to the downturn in the market and also failures of several big NBFCs, the developers are facing acute liquidity shortage, the letter mentioned.&nbsp;It is noted that the RBI, through its June order, also permitted the banks to restructure or roll over the loans at their option.

India's infrastructure output in June rose 8.9% year-on-year, compared with 16.8% in the previous month, government data on Friday showed. The data released by the com

India's infrastructure output in June rise to 8.9%, due to an&nbsp;uptick in production of natural gas, steel, coal and electricity, official data showed.

India's infrastructure output in June up 8.9% y-o-y vs 16.8% in May

India's infrastructure output in June rose 8.9% year-on-year, compared with 16.8% in the previous month, government data on Friday showed.
The data released by the commerce and industry ministry on July 30 showed that production declined in just one out of the eight core sector industries - crude oil. Positive growth was seen in seven out of eight sectors.
Data released by the industry department showed that the coal sector grew 0.4% from May to June.
Crude oil production continued to contract, falling by 1.8 percent in June. Refinery output and steel production in June eased from double-digit growth in May. 
Cement production rose by a smaller margin of 4.3 percent, while electricity output rose by 7.2 percent in June. Fertilizer production turned positive.

The ban on international flights has been further extended till August 31, the Director General of Civil Aviation (DGCA) said. The ban on international comme

International flights may remain banned till August 31

Ban on international flights extended till August 31: DGCA

The ban on international flights has been further&nbsp;extended till August 31, the&nbsp;Director General of Civil Aviation (DGCA) said.
The ban on international commercial flights to and from India was going to end on July 31.
However, international flights on selected routes on a case-to-case basis may continue to operate, the DGCA mentioned.
International flights have been banned since March 23 due to the Covid-19 pandemic.

In a recent letter to the Finance Minister with recommendations to revive the realty sector, the National Real Estate Development Council (NAREDCO) has urged the government to provide a one-time roll over or restructuring of loans taken by developers. Due to the downturn in the market and also failures of several big NBFCs, the developers are facing acute liquidity shortage, the letter mentioned. It is noted that the RBI, through its June order, also permitted the banks to restructure or roll over the loans at their option.

Big bets coming in for Tech Mahindra as it clocks in the highest ever quarterly revenue and profits. Profit was up 25% while constant currency revenue growth was up alm

Big bets coming in for Tech Mahindra as it clocks in the highest ever quarterly revenue and profits. Profit was up 25% while constant currency revenue growth was up almost 4%, the highest in over 6 quarters.&nbsp; Brokerages are betting bigger on the stock,&nbsp;CLSA&nbsp;has raised FY22/ FY23 EPS estimates by 3% each. The broking house says the risk-reward is favourable given a relatively inexpensive valuation. They retain a BUY rating and raise target price from Rs1,300 to Rs1,380.&nbsp; Tech Mahindra&nbsp;is currently trading at a fresh 52-week high.&nbsp;

Nine year old Nykaa is set to add the glam quotient to the IPO market, reports inidcate the beauty and wellness platform has moved a step closer to filing it'

Nine year old Nykaa&nbsp;is set to add the glam quotient to the IPO&nbsp;market, reports inidcate the beauty and wellness platform has moved a step closer to filing it's DRHP as it converts to a public holding company. According to filings, the holding company of Nykaa has been renamed FSN e-commerce Ventures Limited from FSN e-commerce Ventures Private Limited.&nbsp;Founded by former investment banker Falguni Nayar, Nykaa&nbsp;is likely to keep the&nbsp;IPO&nbsp;size between $500-$700 million and seek a valuation of $5 billion.&nbsp; Nykaa is India's largest omnichannel marketplace for women with approx. 15 million registered users. The beauty retailer caters to 1.5 million orders a month. What sets Nykaa&nbsp;apart is that it is the only startup that is profitable.&nbsp; Brokerages such as Zerodha are already ready with preparations for IPO&nbsp;applications awaiting this issue.&nbsp;

Bulls are back after a one day break with big bets on trading favourites as Sensex and Nifty move up on strong global cues. Here are the stocks you need to watch o

Bulls are back after a one day break with big bets on trading favourites as Sensex&nbsp;and Nifty move up on strong global cues. Here are the stocks you need to watch out for-:
<ul>
<li>IDFC:&nbsp;RBI allows promoter&nbsp;IDFC to exit IDFC First Bank as five-year lock-in period ends</li>
<li>Jubilant Food: Better than expected Q1 earnings, Sales growth of 131%. HSBC, Kotak&nbsp;Instl&nbsp;Equities retain bullish Buy call on the stock&nbsp;</li>
<li>Bajaj&nbsp;Finance: Stock gains despite weak Q1 as brokerages see asset quality concerns to be well contained. IIFL&nbsp;raises EPS outlook for next two years&nbsp;</li>
<li>Indiabulls Housing: Regulatory filings showed that&nbsp;Rakesh Jhunjhunwala picked 2.2% stake in the company in the quarter gone by.&nbsp;</li>
<li>Network 18 Media: Q1 turns around to net profit of Rs9.57cr against net loss of Rs-62.2cr year ago</li>
</ul>

Food tech giant Zomato could list as early as tomorrow as per the market buzz. The listing was originally slated for July 27.

Food tech giant Zomato&nbsp;is set to list tomorrow as per the market buzz. The listing was originally slated for July&nbsp;27. The grey market premium is suggesting a bump up of 30% at open.&nbsp;
<a href="https://www.editorji.com/story/zomato-ipo-is-lic-looking-to-book-an-order-1626060286664" target="_blank">Zomato&rsquo;s initial public offering (IPO)</a> was subscribed 40.38 times, generating demand of Rs 2.13 lakh crore, the third highest ever noted in Indian markets.&nbsp;Zomato shares were offered in a price band of Rs 72-76/share. Meanwhile rival <a href="https://www.edtr.ai/9xe6">Swiggy</a>&nbsp;managed to steal the spotlight and raise $1.25 billion dollars from investors such as Softbank and Goldman Sachs ahead of Zomato's&nbsp;listing.
Also Watch:&nbsp;<a href="https://www.editorji.com/story/zomato-ipo-irresistible-for-some-unappetizing-for-others-1626244101861" target="_blank">Zomato IPO: Irresistible for some, unappetizing for others&nbsp;</a>

U.S. markets fell aggressively with the 30 stock Dow Jones index plunging over 900 points at the lowest point of the day. Even commodities saw relentless selling with c

U.S. markets fell aggressively with the 30 stock Dow Jones index plunging over 900 points at the lowest point of the day. Even commodities saw relentless selling with crude oil dropping swiftly below the $70 mark. Here are the global headlines traders are tracking-:
<ul>
<li>Dow closed down 700 points;&nbsp;Broad-based rout all 30 stocks lower</li>
<li>Energy, financials and industrials were the worst-performing sectors</li>
<li>U.S. is averaging nearly 26,000 new Covid cases a day in the last seven days&nbsp;</li>
<li>Crude prices shed 7.5% to settle at $66.42 a barrel</li>
<li>OPEC+ agreed to begin phasing out production cuts pushing prices lower</li>
</ul>
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9x91" target="_blank">Biden blames China for cyberattack on Microsoft, NATO forms cybersecurity alliance</a>

India's richest man Mukesh Ambani has dialled into local search platform Just Dial and is set to spend $700 million on the acquisition. Here are the details o

India's richest man Mukesh&nbsp;Ambani&nbsp;has dialled into local search platform Just Dial and is set to spend $700 million on the acquisition. Here are the details of Reliance Retail's big acquisition-:
<ul>
<li>Just Dial to issue 2.12 crore shares to Reliance Retail Ventures (subsidiary of RIL) at Rs 1022.25/share (5% discount)</li>
<li>Reliance&nbsp;Reliance Retail Ventures' stake at 25.04% after share issuance</li>
<li>Aim to acquire 67% in total of the company via pref issue + open offer</li>
<li>Reliance&nbsp;intends to spend Rs 5711 crore to purchase 67%</li>
</ul>
So what is What's Reliance Dialling Into? This is what you need to know about Just Dial.
<ul>
<li>25 year old , largest local search B2bplatform</li>
<li>Database of 30.4 million listings</li>
<li>457,360 active paid campaigns</li>
<li>Introduced JD Mart in Dec 2020</li>
<li>6 million listings on JD Mart</li>
<li>Morgan Stanley: B2B app to re-rate company</li>
</ul>
Just Dial Founder VSS Mani would continue to lead the company as its managing director and chief executive officer.
&nbsp;

The most awaited startup IPO is set to make a diwali launch, fintech giant Paytm has filed papers for an initial public offer (IPO) upto $

The most awaited startup&nbsp;IPO&nbsp;is set to make a diwali&nbsp;launch, fintech&nbsp;giant Paytm&nbsp;has filed papers for an initial public offer (IPO) upto&nbsp;$2.2 billion. Here is what you need to know-:
<ul>
<li>Paytm&nbsp;parent company looking to raise a total of Rs 16,600 cr&nbsp;</li>
<li>Paytm&nbsp;IPO&nbsp;to have Rs 8300 cr of fresh issue, Rs 8300 cr OFS&nbsp;</li>
<li>Parent company Ant Group to offload 6% via issue to meet SEBI&nbsp;norms</li>
<li>IPO proceeds to be used for new business initiatives and acquisition</li>
<li>Paytm&nbsp;expected around diwali&nbsp;</li>
</ul>
Also watch: <a href="https://www.edtr.ai/9scf">Why Paytm&nbsp;replaced chinese nationals with Indians on the board</a>

Here are the top headlines traders are tracking in trade on Friday-: Zomato IPO: Last day of subscription for food tech giant's offering, issue subscribed 5 tim

Here are the top headlines traders are tracking in trade on Friday-:
<ul>
<li>Zomato&nbsp;IPO: Last day of subscription for food tech giant's offering, issue subscribed 5 times already, traders anticipate heavy buying from HNIs&nbsp;today&nbsp;</li>
<li>SAIL: Rakesh&nbsp;Jhunjhunwala buys 1.4% stake in govt backed SAIL</li>
<li>Wipro: Earnings beat companies guidance, to hire record 30,000 freshers over two years.&nbsp;</li>
<li>Just Dial: Board meeting today to discuss infusion of funds, Reliance likely to acquire company in a $900 million deal&nbsp;</li>
<li>Economy: Centre releases Rs 75,000 crore GST compensation to states</li>
</ul>
&nbsp;

Dalal Street on a roll as markets hit a record high on Thursday with Sensex topping 53,200 and Nifty conquering 15,900, Tech stocks are outperforming as the pandem

Dalal Street on a roll as markets hit a record high on Thursday with Sensex&nbsp;topping 53,200 and Nifty conquering 15,900, Tech stocks are outperforming as the pandemic push for digital is reflecting in stellar Q1 earnings. Here are buzzing the stocks on the radar-:
<ul>
<li>L&amp;T Tech: Stock soars leading midcap&nbsp;tech rally as Q1 earnings beat street and mgmt raised guidance for FY'22.</li>
<li>BLS International: Parrtners with Flipkart to provide last mile services</li>
<li>Shilpa&nbsp;Medicare: Continues uptrend as company approved the transfer of API Business to subsidiary&nbsp;</li>
<li>Parag Milk: Dairy prices on the rise, company raised prices following Amul, Mother dairy</li>
</ul>
&nbsp;

Move over Infosys & TCS, the tech headlines belong to the midcaps with L&T Technology Services taking the mantle just a day after Mindtree. With

Move over Infosys&nbsp;&amp; TCS, the tech headlines belong to the midcaps&nbsp;with L&amp;T Technology Services&nbsp;taking the mantle just a day after Mindtree. With a stellar Q1 earnings brokerages are betting big on the tech arm of L&amp;T. Here is what you need to know-:
<ul>
<li>L&amp;T Technology Services&nbsp;reported 4.2% QoQ revenue growth beating street estimates&nbsp;</li>
<li>Dollar revenue growth guidance was also raised to 15-17% (13-15% earlier)</li>
<li>CLSA: Maintain Outperform rating citing strong margin defence, healthy deal activity, improved outlook </li>
</ul>
Read/Watch Also: <a href="https://www.edtr.ai/9vhf">Infosys&nbsp;raises guidance</a>

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh Jhunjhunwala as per reports. The aviation

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh&nbsp;Jhunjhunwala as per reports. The aviation venture is led by seasoned professional Vinay Dube, CEO of Jet Airways. 'Akasa' which is awaiting a no-objection certificate from the Ministry of Civil Aviation is looking to be a&nbsp;Ultra Low Cost Carrier in the market. Reports indicate that&nbsp;Rakesh Jhunjhunwala likely to invest Rs 260&nbsp;crore in new low-fare airline. This would not be the first investment in aviation for the big bull who has earlier invested in airline companies such as SpiceJet and Jet Airways, where he held around one percent of their equity capital in each company. &nbsp;Read/Watch Also: <a href="https://www.edtr.ai/9tqp">Jet Set and Nowhere to Go</a>

The outperformance from Infosys set to continue as the tech giant reported Q1 numbers that beat street estimates and raised the revenue guidance for the current financi

The outperformance from Infosys set to continue as the tech giant reported Q1 numbers that beat street estimates and raised the revenue guidance for the current financial year. Here are the top highlights-:
<ul>
<li>Q1 dollar revenue growth at 4.7% at $3.7 billion&nbsp;</li>
<li>Raised revenue guidance for FY22 to 14%-16% from 12-14%</li>
<li>FY22 EBIT margin guidance maintained&nbsp;at 22-24% despite salary hikes</li>
<li>Digital business growth remained strong, rising 9.7% to $2.1 billion</li>
<li>Total contribution of digital business to revenue at 53.9%</li>
</ul>
Speaking on the income tax portal grievances the management said. "We have made progress on portal, continue to face issues on some functionalities,&nbsp;it's the single largest priority for us today"
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9vdk" target="_blank">This tech stock is up 150% and Morgan Stanley says rally is not over</a>

Zomato's IPO is undoubtedly a big buzz on the street, but, is it hot? That remains a big concern as the grey market and some analysts suggest otherwise.

Zomato's&nbsp;IPO&nbsp;is undoubtedly a big buzz on the street, but, is it hot? That remains a big concern as the grey market&nbsp;and some analysts suggest otherwise.
2 Pronges&nbsp;Problem for&nbsp;Zomato: Price &amp; Peers
Zomato&nbsp;being a loss-making company remains the biggest concern as the valuation is a pricey one.
Peers:&nbsp;Zomato&nbsp;faces intense competition from Swiggy&nbsp;and in&nbsp;order to maintain customers and also to attract new customers it has to burn loads of cash in marketing and promotions. This puts a heavy impact on its bottomline as the company remains in the net losses.
Price:&nbsp;At the higher end of the Rs 72-76 price band, Zomato IPO is demanding a trailing 12-month price-to-sales of 29.9 times, which is at a premium over the global peer average
So why are Anchor investors so excited?
Zomato's orders increased by 13.2 times from 3 crores in FY18 to 40 crores in FY20. Its Gross Order Value grew 8.4 times from ₹1,334 crore in FY18 to ₹11,221 crore&nbsp;in FY20. Average 1 crore&nbsp;customers ordered food every month in FY20. These numbers indicate a sharp recovery across operational metrics. ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9vcd" target="_blank">Zomato IPO | Anchors order 30x of offer</a>
Should you invest?
This IPO&nbsp;may be a 'slow cook' for&nbsp; retail investors. But investors with a higher risk appetite and a long-term investment horizon can apply, seems to be the general consensus on the street.&nbsp;&nbsp; ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9tvv" target="_blank">You can now pre-book IPO via Paytm Money, just in time for the Zomato order</a>

Mindtree delivered strong set of Q1 numbers that beat street estimates, with cross currency revenue growth of 7.6% (QoQ). Morgan Stanley says there is more u

Mindtree&nbsp;delivered strong set of Q1 numbers that beat street estimates,&nbsp; with cross currency revenue growth of 7.6% (QoQ). Morgan Stanley says there is more upside left to the stock that has seen a 150% rise in the last 1 year. Morgan Stanley Bets on Mindtree
<ul>
<li>Retain Overweight on stock, Price target of Rs 2800/share</li>
<li>Revenue growth and margins were stronger than expected</li>
<li>Deal wins of $504mn were the&nbsp;strongest the company has ever seen</li>
<li>Strongest ever headcount addition of 3400 in Q1</li>
</ul>
Read/Watch Also: <a href="https://www.edtr.ai/9vcq" target="_blank">All eyes on Infosys, how to trade the earnings</a>

The anchor investors for Zomato's IPO queued up around the block to order off the IPO menu for the food tech giant. Food delivery giant Zomato on July 13 rais

The anchor investors for Zomato's IPO&nbsp;queued up around the block to order off the IPO menu for the food tech giant.&nbsp;Food delivery giant Zomato on July 13 raised Rs 4,196.51 crore from 186 anchor investors ahead of IPO opening. Read/Watch Also: <a href="https://www.edtr.ai/9v99">Zomato&nbsp;IPO&nbsp;opens, is it too pricey?</a> Investors who participated in the anchor book include names like New World Fund Inc, American Funds, Tiger Global Investments Fund, BlackRock Global, Lansforsakringar Asienfond. The anchor investors have bid for the shares&nbsp;at the higher price band of Rs 76/share.&nbsp; Click here <a href="https://www.edtr.ai/9tvv">to know how to apply for the IPO&nbsp;on Paytm&nbsp;Money</a>

Kitex Garments, the world's third-largest supplier of infant wear has seen a flurry of trader interest as it moves business out of Kerala into investor friendly territo

Kitex Garments, the world's third-largest supplier of infant wear has seen a flurry of trader interest as it moves business out of Kerala into investor friendly territory of Telangana.&nbsp;
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9t4c" target="_blank">&ldquo;Sad to leave Kerala, I have been kicked out,&rdquo; Kitex chairman Sabu</a> Frustrated with 11 'checks' back to back by various control boards in Kerala&nbsp;the&nbsp;MD Sabu Jacob lietrally&nbsp;picked up his bag to jump on the invitation by Telangana&nbsp;state govt and has announced a Rs 1000 cr investment into the state.&nbsp;
Founded in 1992, Kitex&nbsp;Garment has been a quiet underperformer on the street due to overarching regulation concerns in Kerala. But the fate of the stock has changed, locked in upper circuit for third day running. Infact as per data, on July 12 there were pending buy orders of 81,844 shares, with no sellers available.

Food tech giant Zomato's IPO is getting a lukewarm response from investor as grey market premium continues to shrink ahead of the issue opening. Zomato's gre

Food tech giant Zomato's IPO&nbsp;is getting a lukewarm response from investor as grey market premium continues to shrink ahead of the issue opening.&nbsp; Zomato's grey market premium has dropped from Rs 18-20 on the day of IPO announcement to Rs 10, signalling a 12-15 per cent premium over the IPO price of Rs 72-76.&nbsp; Read/Watch Also: <a href="Read/Watch%20Also: Apply for an IPO&nbsp;via Paytm&nbsp;Money">Apply for an IPO&nbsp;via Paytm&nbsp;Money</a> Zomato&nbsp;is looking to raise Rs 9375 cr from it's issue that is valuing the first mega startup listing at over $8 billion. This makes Zomato&nbsp;a pricey buy as investors are wary of growth prospects with Swiggy&nbsp;strengthening it's hold ahead of Amazon stepping into the space.&nbsp;

LIC IPO takes a big step forward as the Cabinet Committee for Economic Affairs (CCEA) has approved part divestment of the government stake in Life I

LIC&nbsp;IPO&nbsp;takes a big step forward as the&nbsp;Cabinet Committee for Economic Affairs (CCEA) has approved part divestment of the government stake in&nbsp;Life Insurance&nbsp;Corporation of India (LIC) through an initial public offering (IPO). Now that the&nbsp;Cabinet has cleared disinvestment of the country's largest insurer LIC,&nbsp;a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official. The backend for the IPO&nbsp;is prepped and ready as all the 27 legislative amendments to LIC Act 1956 have also been put into effect.&nbsp; The street expects the LIC&nbsp;IPO&nbsp;to garner a whopping Rs 1 lakh crore&nbsp;via it's initial offering to the public.&nbsp;

Looking to cash in on the IPO rush Paytm Money has launched a feature which allows users to pre-apply for initial public offering via it's platform.

Looking to cash in on the IPO&nbsp;rush&nbsp;Paytm Money has launched a feature which allows users to pre-apply for&nbsp;initial public offering via it's platform.&nbsp;
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9tvk" target="_blank">Paytm IPO: Here comes the giant fintech offering of Rs 16,600 crore for Dalal Street</a> The &ldquo;Pre-IPO Open application&rdquo; feature is designed to tap young investors to increase retail participation in the offers. Paytm&nbsp;CEO&nbsp;Varun&nbsp;Sridhar said,&nbsp;"Interest in IPOs has surged over the last couple of months, and we have seen cases where users have missed out from applying because of issues like tight schedules during market hours, and demand-led processing delays in the markets. We wanted to make the lives of our users easier and ensure that they don&rsquo;t miss out on good opportunities." Zomato is the first IPO on Paytm Money launched with this feature which already is seeing a high level of interest.&nbsp; Read/Watch Also: <a href="https://www.edtr.ai/9tss">Zomato&nbsp;and Paytm, the online BFFs</a>

Zomato's Initial Public Offer (IPO) is set to open this week on July 14 and big t ticket customers such as Life India Corporation (LIC) are already looking to orde

Zomato's&nbsp;Initial Public Offer (IPO) is set to open this week on July 14 and big t ticket customers such as Life India Corporation (LIC) are already looking to order in. Reports indicate the LIC&nbsp;may&nbsp;bid for Zomato&rsquo;s shares in the online food delivery platform&rsquo;s IPO&nbsp;this week to get a bite into the new economy.&nbsp; Click here <a href="https://www.edtr.ai/9srs">for hot details of Zomato's&nbsp;IPO</a> Sources told The Mint that LIC&nbsp;in interested as "Zomato&rsquo;s growth curve demonstrates how rapid India&rsquo;s transition to the internet economy has been" LIC&nbsp;traditionally has not bought into any IPO&nbsp;that was not backed by the Govt divestment programme.&nbsp;
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9tvk" target="_blank">Paytm IPO: Here comes the giant fintech offering of Rs 16,600 crore for Dalal Street</a> Zomato&nbsp;is the first of a bunch of Indian consumer internet unicorns that will go public in the next few months.&nbsp;

NAREDCO suggests one-time roll over of realty loans

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