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Business

Experts point out that heavy rain damaged the kharif oilseeds, especially soybean. Slow sowing in the current rabi season has triggered an upward trend in oil and oilseeds prices. Mustard, a crucial rabi oilseed, is sown during September-October and harvested from February, is also affected. Analysts feel oil and oilseeds prices may go up in the coming days. Mind you that prices of mustard seed have already soared to Rs 300 per quintal and soybean rates jumped by around Rs 400 per quintal.
World

After onion, it’s turn of edible oil to give price shock

DC CORRESPONDANT | PTI
That's not all. Low productivity and heavy rainfall damage to crops in India is adding to the consumers' woes.
The US Fed meeting outcome and progress in Trump's impeachment process will be major international events while listing of Ujjivan Small Finance Bank IPO and fundraising by Yes Bank will be domestic factors that traders would keep an eye on.
World

Market in corrective mode, may turn volatile

DC CORRESPONDANT | PTI
The market will be looking forward to the release of industrial production, retail and wholesale inflation figures this week.
Till a few years back, the own damage share in motor premium used to be 60 per cent and third party, 40 per cent. However, the share of third party (TP) premium has since gone up to 52.7 per cent in 2016-17, 55 per cent in 2017-18 and further up 59 per cent in 2018-19, data from the Insurance Regulatory and Development Authority of India (irdai) shows.

Share of third party cover rising in motor premia
"Financial sector fragilities continue to weigh on India's economic growth momentum, with the high level of non-performing loans on the balance sheets of the public sector banks constraining their new lending," IHS said.

Financial sector fragilities taming growth
In case of securitised loans such as home loans, the lender owns the property till the loan is paid.

Money talk: What to do when paying EMIs becomes a struggle
The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value than that of rivals.

Average customer unlikely to pay for outgoing calls, says Reliance Jio
Passenger vehicles' production last month stood at 1,39,084 units as against 1,34,149 units in November 2018, an increase of 3.67 per cent, Maruti Suzuki India said in a regulatory filing.

Maruti raises production by 4 per cent in Nov after 9 straight months of output cut
Following the weak GDP outturn for the September quarter, Indian real GDP growth in FY 2019-20 is expected to be slightly below 5 per cent, as it is anticipated that the impact of stimulus measures will take time to filter through to the real economy, IHS said.

India's real GDP growth in FY20 to come below 5 per cent: Report
Markets are expected to remain volatile this week as many factors globally and stock-specific (developments) will influence the bourses. US Fed meeting outcome will be a major international event, Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote said. (Photo: File)

Global cues, macro-data to set tone for equity markets: Analysts
FPIs invested Rs 1,424.6 crore on a net basis in the debt segment, resulting in a total net outflow of Rs 244.2 crore in December so far. (Photo: Representational | PTI)

FPIs turn net sellers in share markets in Dec amid weak macro data
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Gallery

Revolt Motors has finally unveiled its maiden electric bike, the RV 400. In fact, when the deliveries begin next month, it will become the first electric motorcycle to go on sale in India. There’s no word on the price yet, but we expect it to cost around Rs 1 lakh (on-road). At this price, the RV 400 would be one heck of a deal considering that it is loaded with features. Here’s a closer look at the electric motorcycle in detailed images. (Source: BikeDekho.com)
Photos: Revolt RV 400 electric bike
Photos: Revolt RV 400 electric bike

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Autos

German luxury carmaker Mercedes-Benz also said the company is mulling over a similar price increase.

Maruti to hike prices from Jan, M&M, Toyota, Mercedes may follow suit
The decline in Maruti’s sales just when it looked like the worst was over in October, adds to the narrative of a deepening slowdown in the overall Indian economy now inching towards a recession.

Slowdown blues continue for automakers in November
As per the study by the global consumer insights and advisory services provider when it comes to sales satisfaction Hyundai ranked the highest followed by Mahindra & Mahindra and Toyota.

Indian car buyers becoming less price conscious: JD Power
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Companies

The market capitalisation (m-cap) of TCS jumped Rs 26,360.5 crore to Rs 7,96,612.51 crore at close on Friday.

Five of top-10 most valued firms add Rs 56,877 crore in market valuation

DHFL, admitted for bankruptcy proceedings on December 3, has two insurance joint ventures -- DHFL Pramerica Life Insurance and DHFL General Insurance.

DHFL bankruptcy: Irdai rules out troubles for two insurance arms

“If DHFL goes under liquidation, it will be sold and someone else will take over. Insurance companies are also part of the inter-creditor agreement. So they will also get proceeds that are available on sale of the company,” said Khuntia. He also said the insurance subsidiaries of DHFL—DHFL Pramerica Life Insurance and DHFL General Insurance—have adequate solvency and that there is no cause for concern.

Write off DHFL exposure

The passenger car market is likely to remain fairly flat throughout 2020 and is expected to pick up from 2021.

Skoda sees flat market ahead

Economy

Higher coverage of wheat was reported from Madhya Pradesh, Rajasthan and Himachal Pradesh. (Photo: File | Pexels)

Wheat sowing up 4.28 per cent at 202.54 lakh hectares so far
Of the five mines, two were allocated to Birla Corporation Ltd and one each to Vedanta Ltd, Prakash Industries Ltd and Powerplus Traders Pvt Ltd.

Govt approves allocation of 5 coal blocks, to generate Rs 17,136 cr revenue
The sharp expansion in both services and manufacturing activity pushed a composite index to a four-month high of 52.7 in November, from 49.6 in the previous month.

India's services industry returns to growth in November on strong demand: PMI
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Market

A day after the Reserve Bank surprisingly maintained status quo in its key policy rates and projected slower economic growth, investors turned cautious on Friday, weighed by weak macro indicators. (Photo: File)

Sensex slumps over 334 points; Nifty tumbles below 12,000

Brent futures were down 21 cents, or 0.3 per cent, at USD 63.18 by 0258 GMT.

Oil drops as market awaits ratification of OPEC+ supply cut

The Sensex gains were driven by heavyweight Reliance Industries, followed by automakers like Heromoto Corp and Tata Motors. (Photo: File)

Sensex, Nifty trade higher in opening deals ahead of RBI policy decision

The rupee was later trading at 71.53 against the dollar at 0941 hrs.

Rupee opens flat at 71.53 agsinst USD in early trade ahead of RBI policy decision

In Other News

The world over, central banks and the governments are against private digital currency because currency issuance is a sovereign function and it has to be done by the sovereign, said RBI governor Shaktikanta Das. (Photo: File)

No way privately-issued digital currencies can be allowed: RBI Gov Das
The Indian Real Estate sector, one of the most globally recognised sectors in the world, is well complemented by the demand for office spaces as well as urban and semi-urban accommodations.

4 key challenges in Indian real estate segment
On November 22, Sebi barred Karvy from taking new brokerage clients and also prevented it from using the power of attorneys (PoAs) given by its clients after the brokerage was found to have allegedly misused clients’ securities.

Lenders get no immediate relief from SAT in Karvy case
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