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Cabinet likely to approve agri-package for farmers on Monday The cabinet on Monday is likely to approve a package for farmers to boost their income and address distress in the farm sector, sources said, adding that the move will come ahead of the general elections. The agriculture ministry has recommended several options to provide both short and long term solutions to address agrarian distress. However, a final call will be taken in the cabinet meeting as a huge cost is involved. One of the options proposed is waiving interest on crop loans for farmers who pay on time, costing an additional Rs 15,000 crore to the exchequer.
Subhash Chandra's Essel says Zee has reached agreement with lenders Conglomerate Essel Group, which runs the Zee group of companies, said it has arrived at an agreement with lenders that have a pledge on shares held by the promoters, with the group guaranteeing them that there will be no default in payment due to the sharp fall in stock price. The development comes after the promoters and lenders of the group — comprising mutual funds, NBFCs and banks — held a meeting following the steep fall of the stock price of ZEE Entertainment Enterprises and Dish TV.
Sensex off to a positive start on strong global cues Indian stocks looked set for a positive start on Monday, tracking strong cues from Asia, on the back of improved sentiment following the reopening of the US government after a prolonged shutdown. At 07:03 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.23 percent at 10,819, indicating a positive start for the Indian market.
We don't expect India to have a balanced budget, says Brian Jacobsen of Wells Fargo Asset Management Ahead of the budget and the general elections, CNBC-TV18 speaks with leading global market masters about how they are approaching India ahead of these two crucial events. It also tries to glean the global context in which Indian economy and Indian earnings are situated. To discuss this Latha Venkatesh caught up with Brian Jacobsen Senior Investment Strategist of Wells Fargo Asset Management.
'Get a grip on Brexit', businesses tell UK's quarrelling politicians British businesses implored politicians on Monday to stop quarrelling over Brexit and agree an orderly exit from the European Union, as some big firms set up emergency situations rooms to cope with the possible tumult of a no-deal divorce. With less than nine weeks until the United Kingdom is due by law to leave the European Union on March 29, there is no agreement yet in London on how and even whether to leave the world's biggest trading bloc.
Jaipur Literature Festival: Devotees of the written word throng the 'Kumbh Mela' of literature On the opening day of the Jaipur Literature Festival (JLF) this week, celebrated feminist icon Germaine Greer spent most of her time on the stage answering questions about her controversial comments on rape and the #MeToo movement. In a heated session on the hallowed front lawns of the Diggi Palace venue of the festival, Greer defended her statements calling for lenient sentences for rapists and questioning the efficiency of the #MeToo movement.
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| Stocks to Watch
Zee Entertainment : Essel Group said it has arrived at an agreement with lenders that have a pledge on shares held by the promoters.
Mindtree : Coffee Day Enterprises has said it would take required action in the next few days to get a portion of IT firm Mindtree shares released by the IT Department.
Jet Airways : Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways, reported Reuters.
Maruti Suzuki India: The carmaker reported a sharp narrowing of operating profit margin to under 10 percent.
Larsen & Toubro : L&T on Friday reported 37 percent increase in its consolidated net profit at Rs 2,042 crore for the quarter ended December 31. | Watch out today for... | ...and later this week: | | Earnings: CEAT, Escorts, TATA Power, Wockhardt, Bank of India, Canara Bank | S&P/Case-Shiller Home Price Indices on Jan 29 | | US Dallas Fed Manufacturing Business Index | US Fed Interest Rate Decision on Jan 30 | | US Chicago Fed National Activity Index | US ADP Employment data on Jan 30 | | India vs New Zeland, 3rd ODI | India fiscal deficit data on Jan 31 | | |
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