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Showing posts with label Commodity Calls. Show all posts
Showing posts with label Commodity Calls. Show all posts

Friday 18 May 2018

Indian Signing Foundational Agreements with US Would Broaden Defence Relationship - 19 May 2018



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Ahead of her visit to India next week, Tina Kaidanow, Principal Deputy Assistant Secretary of State for Political-Military Affairs, told a group of reporters that it is important for Indian officials to understand these foundation agreements because it allows them to do so much more.


Noting that India and the United States are currently having discussion on a wide variety of state-of-the-art military hardware, a senior US official today insisted that New Delhi signing the "foundational agreements" with it would broaden the scope and potential of bilateral defense relationship.

Ahead of her visit to India next week, Tina Kaidanow, Principal Deputy Assistant Secretary of State for Political-Military Affairs, told a group of reporters that it is important for Indian officials to understand these foundation agreements because it allows them to do so much more.

"These are the kinds of things that we conclude with all of our friends and allies. It broadens the scope of the potential for the defence relationship," she said.

"Our hope is that ... the Indian government has the sovereign right to decide obviously ... but for all these agreements that we can come to a good understanding because that allows us to do so much more in the defence space," Kaidanow said in response to a question.

India-US bilateral defence trade has risen from near zero to USD 15 billion since 2008. India is projected to spend billions on military modernisation over the next decade. Her talks in India will focus on expanding the security cooperation while furthering opportunities for American industry.

Referring to the Lockheed-offer to relocate its F-16 manufacturing base to India under "Make in India", she said a lot of what the two countries are talking about here is indeed in the co-production, co-development arena.

"My hope is that the Indian government can come to some relevant decisions in the not so distant future," she said.

While bilateral defence trade figure of USD 15 billion is very compelling, but increasing this figure will hinge on not only how the two countries agree to sign foundational agreements, but also to come to an understanding on the contracts and all the other kinds of things that have to happen as a function of concluding some of these deals.

"That's the reason for a trip like mine is to see how far we can further some of those efforts," the senior US official said in response to a question.

The scope of India-US defence trade relationship has expanded fairly dramatically over the last decade and the Trump administration would like to see that expand even further.

"We consider the Indians to be important partners for us," she said adding that the US is currently engaged with India in a "very good, very productive, very robust" conversation on a whole host of things that they might choose to acquire from Washington at some point.

Much recently, a US team was in India to look at some of these things and to talk more with their Indian counterparts, she noted.

When asked about India's interest in armed drones and some of the other high-tech military hardware, Kaidanow said the US is still in the process of trying to discern exactly what their requirements are and then how it can provide the right tactical equipment that will meet those requirements.

"Part of this will be not just our decision but also the Indian government's decision as to what they procure," she said.

"We are having a full conversation on the entire array of things that India might be interested in. Nothing is necessarily precluded. It's just a function of what meets the requirements and what we can provide to meet the necessary requirements," Kaidanow said.


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Thursday 3 May 2018

News Update @Capitalstars: Vedanta, Airtel in news; Wockhardt, Ambuja Cements earnings today



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Indian Indices: 


The Nifty closed at 10,679.70 on Thursday. According to Pivot charts, the key support level is placed at 10,644.6, followed by 10,609.5. If the index starts moving upwards, key resistance levels to watch out are 10,717.7 and 10,755.7. Bears gained control over D-Street right at the onset and pushed the Nifty50 below its crucial psychological support level of 10,700 on Thursday making a bearish candle on the daily candlestick charts.


Global Market:


• Asian markets- Shares in Hong Kong are lower today as the Hang Seng falls 0.47%. The stock markets in Tokyo and Shanghai are closed at this time

• U S Markets: The Dow Jones Industrial Average rose 37.37 points, or 0.16 percent, to 23,962.35, the S&P 500 lost 3.97 points, or 0.15 percent, to 2,631.7 and the Nasdaq Composite dropped 3.73 points, or 0.05 percent, to 7,097.16.

• European markets finished lower today with shares in Germany leading the region. The DAX is down 0.88% while London's FTSE 100 is off 0.54% and France's CAC 40 is lower by 0.50%.



Major Headlines of the day:


• Hexaware Tech: The company has declared payment of interimdividend at Re 1 per share on equity shares of Rs 2 each. The record date for interim dividend is fixed as May 15, 2018 to ascertain the number of shareholders of the Company entitled for the payment of interim dividend.

• PNB Housing Finance: Q4 consolidated net profit up 0.8 percent at Rs 219.2 cr; revenue up 9.1 percent at Rs 1,570 cr YoY

• L&T Finance Holdings: Q4 profit up 30 percent at Rs 409 cr; revenue up 27 percent at Rs 2,748.34 crore YoY; gross NPA at 4.80 percent versus 5.49 percent and net NPA at 2.34 percent versus 2.87 percent QoQ

• Vedanta: Q4 net profit up 34.3 percent at Rs 5,675 crore; revenue up 22.7 percent at Rs 27,630 crore YoY

• Thirumalai Chemicals: Q4 consolidated net profit at Rs 39.7 crore versus Rs 19.1 crore; revenue up 7.9 percent at Rs 330.7 crore versus Rs 306.6 crore YoY; recommends stock split from Rs 10 to Re 1 and dividend of Rs 20 per share

• HCC: Q4 consolidated loss at Rs 1,090 crore versus loss of Rs 982.6 crore; revenue up 2.7 percent at Rs 10,132 crore YoY

• Adani Ports: Q4 net profit down 20.6 percent at Rs 926.8 crore; revenue up 42.6 percent at Rs 3,182.9 crore YoY



Trend in FII flows:- 


 The FIIs were Net Value of Rs -148.42 the cash segment THURSDAY while the DIIs were Net Value of Rs -578.92 as per the provisional figures.

TODAY ON EARNING FRONT:- NIIT TECH, GODREJ PROP, GE SHIPPING, CAPITAL FIRST, BHAGARIA INDU, AMBUJA CEMENT



Securities in Ban For Trade Date 04-MAY-2018 :- 


1.IRB Infrastructure, 
2.PC Jeweller, 
3.Jet Airways and 
4.Just Dial


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Thursday 26 April 2018

Opening Bell @CapitalStars

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CS OPENING BELL:

NIFTY SPOT UP 73 @ 10690
SENSEX UP 239 @ 34954
BANK NIFTY FUTURES UP 58 @ 10691

HAPPY TRADING!!!!!!!!!!!

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CS NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH
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RES 1:10725
SUP1:10640
SUP2:10600

CS BANK NIFTY FUTURES (MAY ) OVERVIEW

TREND BEARISH
RES 2: 25400
RES 1: 25300
SUP1: 25000
SUP2: 24900

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