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Market Movers: HFCs continue to party; auto stocks dampen mood


Market Movers: HFCs continue to party; auto stocks dampen mood
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While PNB Housing Finance managed another 20 per cent upper circuit move, other housing finance stocks also jumped, between 3 and 18 per cent.
PNB Housing Finance managed another 20% upper circuit move.
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MUMBAI: Who could have imagined that a banker could be responsible for good times and yet look at housing finance companies, drenched in the joy of being endorsed by none other than the Sachin Tendulkar of banking, Aditya Puri.
While this space will not effusively speak of who and what Aditya Puri is given that so much has already been said about the former HDFC Bank supremo, but his entry in ....

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Second Big Cyclone in 10 Days Set to Worsen India's Virus Misery


Pratik Parija and Debjit Chakraborty, Bloomberg News
(Bloomberg) A powerful cyclone is set to slam into India on Wednesday, the second in less than two weeks, with authorities gearing up for relief operations at a time when the nation is facing the world’s worst outbreak of Covid-19.
Cyclone Yaas, equivalent to a category 3 hurricane, will cause heavy rains in the eastern states of West Bengal and Odisha, with wind speeds as high as 185 kilometers (115 miles) per hour, according to the India Meteorological Department. Sea levels may increase 4 meters above regular tides and inundate low-lying areas, it said.
The latest storm follows a severe cyclone that hit the west coast last week the worst in over two decades in the western state of Gujarat killing dozens after a barge sank in the sea. The eastern region was hit by a cyclone in May 2020 with similar wind speeds, while another one in 2019 prompted authorities to evacuate millions of people. ....

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Second big cyclone in less than two weeks can worsen India's Covid crisis


A powerful cyclone is set to slam into India on Wednesday, the second in less than two weeks, with authorities gearing up for relief operations at a time when the nation is facing the world’s worst outbreak of Covid-19.
Cyclone Yaas, equivalent to a category 3 hurricane, will cause heavy rains in the eastern states of West Bengal and Odisha, with wind speeds as high as 185 kilometers (115 miles) per hour, according to the India Meteorological Department. Sea levels may increase 4 meters above regular tides and inundate low-lying areas, it said.
The latest storm follows a severe cyclone that hit the west coast last week the worst in over two decades in the western state of Gujarat killing dozens after a barge sank in the sea. The eastern region was hit by a cyclone in May 2020 with similar wind speeds, while another one in 2019 prompted authorities to evacuate millions of people. ....

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