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user | NEW DELHI: Capital markets regulator Sebi has barred Greencrest Financial Services, two of its executive directors and 15 others from capital markets for three years for fraudulent trading.During the period of restraint, the existing holding of securities, including the units of mutual funds, will remain under freeze, ... | two of its executive directors and 15 others restrained from capital markets. existing holding of securities, including units of mutual funds, will remain under freeze. ill-intentioned design to inflate price of scrip. buyer entities kept placing orders in larger quantities. meanwhile, seller entities matched price off... |
user | The 30-share Sensex was up nearly 1,110 points at 27,090 at around 1.50 pm (IST), while the 50-share Nifty index traded 314 points higher at 7,924 at around the same time. Benchmark equity indices Sensex and Nifty advanced over 2.50 per cent on Tuesday on hopes that the government may soon announce an economic package ... | the 30-share Sensex was up nearly 1,110 points at 27,090 at around 1.50 pm (IST) the 50-share Nifty index traded 314 points higher at 7,924 at around the same time. the government is working on an economic package to deal with the hardships caused by the lockdown to control the coronavirus pandemic. the US central bank... |
user | An economic support package, resumption of supply chains, handholding of MSMEs with working capital support and interest-free loans are need of the hour to trigger economic activities post lifting of lockdown, said Vipin Sondhi, MD & CEO of Hinduja group flagship Ashok Leyland. The CV sector would see an adverse impact... | supply chains need to be re-started, migrant labour needs to come back to work. a slew of reforms and measures are needed to trigger economic activity, says vipin sondhi. a package of measures is needed to re-start supply chains and re-start MSMEs. the government will have to manage the state of the economy, especially... |
user | Continuing its free fall for the fourth straight session, the Indian rupee today hit a record closing low of 68.79, showing a fall of 18 paise against the US dollar due to multiple headwinds like weak global cues and concerns related to inflation and fiscal slippage.The domestic currency's previous all-time closing low... | rupee hits record closing low of 68.79, a fall of 18 paise against the US dollar. rupee crashes to 69.10, a fall of 49 paise amid concerns on inflation and fiscal slippage. RBI pumping million into the market to salvage the rupee. rupee is caught in recurring instability amid surging global crude prices. |
user | The ‘She Who Knits’ Facebook page is dotted with fashionable woollen wear. It is flooded with colourful images of chic ponchos, Ajrak-lined neckwarmers, funky beanies and stylised shrugs. The products, designed as per latest trends in global fashion and design, are delivered across India with clients from Assam, Ahmeda... | madhu Mehra, 66, is a retired branch manager of UCO bank. she has knitted over 2,000 products in the past five years. she is a new-age senior citizen who is using retirement to make new beginnings. 'r' word is no longer looked down upon as a socio-economic setback. 'r' word is no longer looked down upon as a socio-econ... |
user | Gold steadied on Friday as an escalation in U.S.-China tensions underpinned bullion's safe-haven appeal, although positive economic data and easing lockdowns in some countries set up the precious metal for a weekly drop. Spot gold was trading at $1,727.39 per ounce by 0248 GMT, having dropped 1.4% on Thursday. U.S. gol... | bullion's price has fallen 0.8% since its highest level in 2012. the euro zone economy's contraction eased in may. but the escalation in tensions between the two countries dampened risk appetite. gold has held ground above the key $1,700 per ounce level. a u.s. gold futures market rose 0.3% to $1,726.50. |
user | The March mayhem that saw domestic benchmark indices tank 24% in not behind investors despite a decent recovery in the month of April. The bloodbath of March saw Dalal Street investors lose over Rs 32 lakh crore but the smart recovery in April, where Nifty 50 recovered 15%, got investors back in the game. However, this... | the market has usually rebounded the most in 3-6 months post sharp corrections. brokerage firm says the recent decline in share markets has shrunk the number of companies with market capitalization above $1 billion by one-third. the current turmoil has not just hindered with the valuations but also seen market-cap to G... |
user | You have not mentioned your risk profile. So, it is not possible to comment about your mutual fund portfolio.You need only one or two ELSS or equity linked saving scheme (also known as tax saving mutual fund scheme) in your portfolio. In fact, an average investor do need more than four or five schemes, including tax sa... | a fall or bear phase allows you to buy more units of the scheme. small cap schemes are highly risky and volatile. it is not wise to play with your hard-earned money in the stock market. if you are a conservative investor, you should invest in large cap schemes. if your risk profile is moderate, you should invest in mul... |
user | Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment industry and even regulators eventually dismantling the barrier. Central banks had until recently baulked at buying sub-investment grade debt --... | central banks have bought junk bonds to calm market turmoil. the move is a lifeline to companies such as carmaker. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end to the pandemic. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a... |
user | Beijing has shut down several markets, including the largest Xinfadi wholesale food market, and locked down 11 residential communities near it after six new domestically-transmitted coronavirus cases were reported, taking the tally to nine in the capital city in the last three days. Officials in Beijing found the coron... | six new cases of coronavirus reported in china. nine people put in quarantine. officials say 45 workers tested positive but showed no symptoms. resurgence of coronavirus in capital city feared. u.s. government has ordered a halt to outbreak. u.s. has been criticized for allowing a'sea-change' in the virus. |
user | Following SEBI’s ruling on multicap funds, the broader markets beat the equity benchmarks BSE Sensex and Nifty 50 today. S&P BSE SmallCap jumped as much as 4.29 per cent to 15,184.11, which is a fresh 52-week high level. In March this year, the SmallCap index plunged to an all-time low of 8622.25 on the back of global ... | the broader markets beat the equity benchmarks BSE Sensex and Nifty 50. S&P BSE SmallCap jumped as much as 4.29 per cent to 15,184.11. in march this year, the smallcap index plunged to an all-time low of 8622.25. the index has rallied around 76 per cent so far. |
user | The Modi government has long been criticised for jobless growth, especially after making it a key electoral promise back in 2014. But it hopes to address the issue with its ambitious plans for 14 mega national employment zones, which has finally moved a step forward. The project appraisal and management division of thi... | the shipping ministry has approved a plan for 14 mega national employment zones. the zones are expected to provide direct and indirect jobs to one crore youth. the government has long been criticised for jobless growth. the zone is expected to be rolled out ahead of general elections next year. a bid will be invited fr... |
user | Representative Image live bse live nse live Volume Todays L/H More × Investment manager Tim Love, who oversees $1 billion of emerging market equities, plans to pause buying of Indian stocks due to their expensive valuations. Love, an investment director at GAM Holding, told news agency Bloomberg he intends to wait 12 t... | india is a growth play generally and it's a brilliant one, but it's expensive as heck, says investment manager. he plans to increase his stakes in stocks such as maruti Suzuki India, Mahindra & Mahindra and Reliance Industries. a dip in stock prices due to geopolitical tensions will be an opportunity to enter and add s... |
user | Software startup Postman became India’s newest unicorn when it recently raised $150 million at a valuation of $2 billion. In an exclusive video interview to M Sriram, Postman co-founder and CEO Abhinav Asthana says the coronavirus outbreak saw the company's number pick up across the world, with application programme in... | software startup postman recently raised $150 million at a valuation of $2 billion. in an exclusive video interview, postman co-founder and CEO abhinav asthana says the coronavirus outbreak saw the company's number pick up across the world. asthana says the new technology is narrowing the gap between emerging nations l... |
user | Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Our primary market risk exposure is the effect of changes in interest rates on the interest cost of draws on our revolving variable rate credit facility and the effect of changes in the fair value of our interest rate swap agreements. Interest rates a... | Financial Statements and Supplementary Data.
At December 31, 2020, the company had 23 interest rate swap agreements outstanding, which are used to limit interest rate risk on variable rate mortgages. The fair market value of the interest rate swaps is dependent upon existing market interest rates and swap spreads, whi... |
user | US opposition to opening new avenues of funding for Iran and China is preventing the International Monetary Fund from deploying a powerful tool to help countries fight the economic impact of the coronavirus, according to two sources familiar with the matter. A massive IMF liquidity injection through issuance of new Spe... | sources: the united states is the dominant shareholder of the IMF. the move would give even wealthy countries new assets that are not necessarily needed. the IMF last approved a $250-billion new allocation of SDRs in 2009. the move could provide more flexibility to the 102 countries that have already sought IMF loans. ... |
user | NEW DELHI: Domestic equity markets are likely to open in the green on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.ET Now spoke to various experts and here's what they have to recommend for today's trade: Ashok Leyland is a 'Buy' call with a target price of Rs 140 and a st... | domestic equity markets are likely to open in the green on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.ET Now spoke to various experts and here's what they have to recommend for today's trade. Ashok Leyland is a 'Buy' call with a target price of Rs 140 and a stop loss of ... |
user | The U.S. government largely shut down international travel to the United States in March with a series of rapid-fire moves, but restarting it will likely be a longer, more piecemeal process that could be complicated by rising tensions with China. Even as President Donald Trump pushes for U.S states to begin reopening t... | u.s. government largely shut down international travel to the united states in march. but restarting it will likely be a longer, more piecemeal process. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works b... |
user | In the context of COVID-19, France has announced that it will provide €200 million to India to support vulnerable sections of the society. President Trump has said that the US will airlift 200 ventilators to India costing $2.6 million. Earlier, the US Centers for Disease Control and Prevention (CDC) agreed to provide $... | the world bank’s total commitment to India’s COVID-19 response has reached $2 billion. to strengthen the Indian health system, the china-based Asian Infrastructure Investment Bank (AIIB) has approved a loan of $500 million. a vaccine works by mimicking a natural infection. a vaccine not only induces immune system damag... |
user | The International Monetary Fund’s (IMF’s) Global Financial Stability Report was spot on when it came to foretelling the meltdown in global markets. It was probably just fortunate timing, but a section of the report, published on Wednesday, is titled: Asset Valuations Remain Stretched in Major Markets and Could Adjust A... | the international monetary fund’s (IMF’s) Global Financial Stability Report was spot on when it came to foretelling the meltdown in global markets. this time, the trouble started in the US and in the over-owned FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks. the report says a stronger dollar, higher credit ... |
user | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Kozhikode IIMK Chief Product Officer Programme Visit IIM Lucknow IIML Chief Executive Officer Programme Visit IIM Lucknow IIML Chief Marketing Officer Programme Visit As real rates have come off substantially, markets think gro... | interest rates across the world have trended lower, assisted by technology. aditya Birla: markets are happy that policymakers are actually backstopping them. she says the world is seeing that growth sacrifice won’t be substantial. aditya Birla: policymakers have tried to make it painless for them. aditya Birla: we are ... |
user | The Indian stock market is trading at the high point of the day with Sensex surging 797.27 points or 2.6 percent at 31406.57, and the Nifty jumped 228.50 points or 2.53 percent at 9257.55. Among the sectors, Bank Nifty zoomed over 6 percent led by Axis Bank which was the top index gainer, spiking over 11 percent follow... | Sensex soaring 797.27 points or 2.6 percent at 31406.57, and the Nifty jumped 228.50 points or 2.53 percent at 9257.55. among the sectors, Bank Nifty zoomed over 6 percent led by Axis Bank which was the top index gainer. also, most active securities included mostly banking names on NSE with 6,34,61,585 shares being tra... |
user | The Startup Association of India has requested the government to set up a Rs 25,000- crore fund to help companies struggling to raise fresh capital due to the slowdown brought by the coronavirus and the lockdown. In a letter to commerce minister Piyush Goyal, the industry body representing the startup ecosystem of the ... | the startup association of india has requested the government to set up a fund to help companies struggling to raise fresh capital due to the slowdown brought by the coronavirus and the lockdown. the corpus could include Rs 10,000 crore of Fund of Funds lying with SIDBI and Rs 15,000 crore additional funds from the gov... |
user | The financial rating agency Standard and Poor’s confirmed on Thursday the AA+ rating for the United States’ long-term debt despite the recent passage of a historic $2 trillion aid package to combat the novel coronavirus. S&P also indicated that it had no intention of changing the rating for the time being due to a stab... | the agency confirms the AA+ rating for the long-term debt. it says it has no intention of changing the rating for the time being. the ratings are "constrained by high general government debt and fiscal deficits" the agency predicts a slight improvement in both areas "over the next three years" the stable outlook comes ... |
user | MUMBAI: About a third of non-service, manufacturing companies listed on the NSE have resumed operations partially or fully since mid-April, but demand is weak and disruptions continue to plague operations. Data collated from filings by companies listed on the NSE show that 410 out of 1,300 non-service companies such as... | 410 out of 1,300 non-service companies have resumed operations. most cement, tyre, chemicals and pharmaceutical companies also resumed business partially. a few indicators suggest a pickup in economic activity since mid-April. but a full-fledged recovery is still a long way off. a credit Suisse report said power demand... |
user | Shares of Reliance Industries hit a new high on Thursday as the company announced yet another investment in Jio Platforms. Saudi Arabia’s Public Investment Fund is the latest to pick up 2.3% in Jio Platforms for Rs 11,367 crore. Jio Platforms has raised a total of Rs 1,15,693 crore through 11 deals in the last two mont... | Saudi Arabia’s public investment fund is the latest to pick up 2.3% in Jio Platforms for Rs 11,367 crore. the company has raised a total of Rs 1,15,693 crore through 11 deals in the last two months. it has also sold 24.7% stake to technology giants like facebook and several big private equity investors and sovereign we... |
user | The Nifty rallied for the ninth consecutive day in a row on Tuesday but the index failed to close above 10550 levels. It formed a ‘Hanging Man’ kind of pattern for the second time in the last four trading sessions which suggests caution. The index registered a Hanging Man kind of pattern on 11th April and it recorded a... | the index registered a ‘Hanging Man’ kind of pattern on 11th April. it recorded a similar pattern on Tuesday. the large selloff at the beginning of the markets could be seen as an indication that bulls might be losing control. the recent price trend suggests that the momentum may be fading. the trend will not favour be... |
user | Workers at an Amazon fulfillment center in New York protest conditions in the company’s warehouse. AP Photo/Bebeto Matthews Zachary Jaggers, University of Oregon By this point in the coronavirus pandemic, you’ve probably heard a lot about “essential workers.” They’re the people working in hospitals and grocery stores, ... | workers at amazon, walmart and other companies have organized strikes to protest unsafe working conditions. there seems to be a disconnect between how some low-wage workers are being described and what they’re experiencing on the ground. a vaccine works by mimicking a natural infection. a vaccine not only induces immun... |
user | Bloomberg Bloomberg Bloomberg Bloomberg Bloomberg Oil’s record losing streak has plunged prices into a bear market and is reverberating around the globe, with the mayhem rattling everyone from bond traders to political leaders and fund managers.As they seek answers for what’s in store for prices, they may do well to wa... | oil's record losing streak has plunged prices into a bear market. the dollar rose this week to the strongest level in 18 months against a basket of foreign currencies. the probability of a December hike is hovering around 75 percent. the dollar could get even more support next month if the u.s. federal reserve raises i... |
user | live bse live nse live Volume Todays L/H More × The Rs 6,480-crore IPO of Gland Pharma, will be the only listed player in the pure formulations space in India, has subscribed 4.5 percent on November 9, the first day of bidding. The public issue has received bids for 12.69 lakh equity shares against IPO size of over 3.0... | the public issue of Gland Pharma has subscribed 4.5 percent on the first day of bidding. the company has already garnered Rs 1,944 crore from 70 anchor investors. the company has a strong product pipeline and more complex products under development. the company has seven manufacturing facilities in india, comprising 4 ... |
user | Recently, there has been a lot of discussion surrounding the Redmi K30 Pro that was rumoured to come as the Poco F2 in our markets. A recent finding in the MIUI 11 codes suggested that the K30 Pro could end up as a Poco smartphone for the Indian market. However, Poco's General Manager C Manmohan has dismissed those rum... | Poco's general manager confirms the phone is not the Poco F2. he says the phone will be a while before it launches in india. the Poco X2 Pro could be one of the four launches scheduled for 2020. the earbuds could be released in the next few months. a new version of the earbuds is also expected to launch in the u.s. |
user | India’s finance minister and central bank governor faced each other at a scheduled meeting on Tuesday as tension mounted over the Reserve Bank of India’s push for more independence. Finance Minister Arun Jaitley held a regular meeting of the Financial Stability and Development Council — a high-level panel of financial ... | finance minister Arun Jaitley held a regular meeting of the financial stability and development council. the RBI under patel has been pushing for more powers to clean up a banking system saddled with bad debts. Deputy governor Viral Acharya gave a frank speech defending the independence of the central bank. he said its... |
user | Market on a high: Sensex soars, Nifty crosses 9,300-mark Indian equities on Wednesday were buoyed by the sharp uptick in global markets. If you are keen to know more about Nifty 50 and BSE Sensex levels and seek expert advice on what’s driving the gains and how to build your portfolio, track the latest stock market sta... | Nifty crosses 9,300-mark in india on Wednesday. download the Financial Express app for the fastest and most reliable business news alerts. follow us on facebook twitter instagram. if you are keen to know more about Nifty 50 and BSE Sensex levels, track the latest stock market stats, share market news and top brokerage ... |
user | As people remain confined to their homes, factories remain shut and cars stay off roads for weeks, there’s an unmistakable crispness in India’s air. In these once-in-a-generation merry spring days, however, everyone—from the daily wage earner to the business baron—is asking one question: when shall we return to sunnier... | a vaccine works by mimicking a natural infection. it also helps quickly build herd immunity to put an end to the pandemic. a vaccine is based on the whole virus, but it is not a weakened virus. a vaccine is a vaccine that uses a benign virus as vector. a vaccine is a virulence-enhancing vaccine that is able to kill a v... |
user | Initial Market Reaction: IPOs Turn Superhits, Led by Big Tata Release The initial public offering (IPO) market is in an unprecedented bull wave. Three of the four IPOs — Tata Technologies, Flair Writing Industries, and Gandhar Oil Refinery — which opened on Wednesday were fully subscribed within hours of opening. IndiG... | three of the four IPOs — Tata Technologies, Flair Writing Industries, and Gandhar Oil Refinery — which opened on Wednesday were fully subscribed within hours of opening. IndiGo may introduce a premium class of seats along with hot food and a loyalty programme by the end of 2024. the airline may court more business flye... |
user | Coronavirus and the nationwide lockdown have made a severe impact on the real estate sector, which has a long wait for recovery, despite the stimulus provided by RBI today. Among various fiscal provisions, the Reserve Bank has set aside Rs 10,000 crore for National Housing Bank (NHB) to smoothen the flow of funds to th... | the real estate sector is going through a lifetime low sentiment and has come to a halt. supply chains for obtaining construction material have been disrupted. labour workforce has migrated to home in search of alternative livelihoods. actual cash flow and relief will be seen only when the lock-down is lifted. the aili... |
user | On the face of it, banning mobile phone applications doesn’t seem like the single push-back manoeuvre even a calm head expects GoI to take against a belligerent China. But the action does send out a clear Sun Tzu-approving message: that serious harm could be on its way, unless certain demands are met. One of the banned... | a number of Southeast Asian countries are peeved at Chinese brazenness. a ban on popular apps has the added benefit of enrolling the common people. it is in china’s interest to not further stiffen Asean spine. a ban on a'smartphone' could be a setback to china and to the country itself. |
user | In what can be seen as a sign of revival in economic activity, unemployment is back at pre-lockdown levels. Falling for the second consecutive week, the unemployment rate now sits at 11.6%, according to the weekly data released by CMIE. The unemployment rate was reported at 17.5% in the first week of June, down from 23... | unemployment rate falls for second consecutive week. lowest rate since lockdown began in march. labour participation rate falls to 39.2%t in first week of lockdown. unemployment rate falls to 11.6%. unemployment rate is 51.3% higher than it was in the pre-lockdown-week. rural and urban recovery better than urban recove... |
user | The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday. The report released by the Nairobi-based charity ahead of next week's International Monetary Fund (IMF)/World Bank... | report: global poverty could increase for first time since 1990. women at greater risk than men as they are more likely to work in informal economy. world bank last week said poverty in east Asia and the Pacific region could increase by 11 million. if conditions worsened, governments around the world would need to borr... |
user | Due to the spread of Covid-19, print media registered a decline in distribution during lockdown. At the same time, digital news platforms recorded a high growth. Thus as a change of strategy, print reporters, besides writing articles for newspapers have begun to contribute for websites. “In the Covid-era, a new dual tr... | print media registered a decline in distribution during lockdown. digital news platforms recorded a high growth. publishers need to provide consumers with what they are looking for, which is content. agarwal: "today, paper is the preferred medium for news, tomorrow this might shift to TV or digital" he says it is not a... |
user | At a time when the Centre has given a clarion call for an 'Atmanirbhar Bharat' or a self-reliant India, International Monetary Fund (IMF) Chief Economist Gita Gopinath said the country needs to look at implementing policies that facilitate integration with global supply chains instead of 'backing off'. This, she said, ... | the IMF has reversed its growth projection for India in FY21. latest estimate projects a contraction of 4.5 percent for the country's economy. this is due to the longer than anticipated lockdown and the health crisis. the number of cases continues to rise despite containment measures in place. 'this is a country that n... |
user | Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits. The Labor Department’s weekly jobless claims... | unemployment claims are expected to hit a new record high in mid-may. the number of people filing new claims for state unemployment benefits likely totaled 2.1 million. the number has fallen steadily since hitting a record 6.867 million in late march. the number of people filing new claims for state unemployment benefi... |
user | New Delhi: Almost five months into the financial year, the department of investment and public asset management (Dipam) is yet to open its account, although it is chasing a record disinvestment target of Rs 2.1 lakh crore, raising doubts over its ability to complete transactions.While officials blame Covid-19 and the l... | department of investment and public asset management (Dipam) is yet to open its account. it is chasing a record disinvestment target of Rs 2.1 lakh crore. track record on asset monetisation and strategic sale seen as reluctance. dipam's track record on asset monetisation is seen as reluctance on part of civil servants ... |
user | Key Highlights: Stock market has become a time travel machine We have travelled back by 4-9 years to buy large, mid and small-cap stocks Market cap to GDP ratio at 50% clear signal to buy at current levels Gold to continue performing well in low interest and high liquidity regime Buy your dream house by bargain hunting... | stock market has become a time travel machine, says Nilesh Shah. he suggests hunting for bargains in real estate. he says doctors are most vulnerable to the coronavirus pandemic. he says it is important to invest in health care and not just in stocks. he says it is also important to invest in healthcare and not just in... |
user | It looks like a freaky Friday in the making. The S&P BSE Sensex plunged more than 1,000 points to break below its crucial psychological support at 33,000 while Nifty50 breached 9,700 at open. Sectorally, selling pressure was seen in bankex, finance, capital goods, metals and auto index. At 09:20 AM, the S&P BSE Sensex ... | the three major US stock indexes fell more than 5%, posting their worst day since mid-March. the reopening of the u.s. economy may spark a second wave of COVID-19 related cases. fears of a second wave of COVID-19 related cases have sparked fears among investors that it would delay the economic recovery. |
user | Mumbai: The coronavirus pandemic might help achieve India’s stated goals of creating a less-cash economy and enhancing financial inclusion. Shoppers at even neighbourhood stores now want contactless digital payments, and that demand dovetails with what lenders want in lieu of working capital loans - digital invoices an... | top fintech companies are rushing to tap into this new consumer trend. these range from instant loans to digital billing to even geotagging. experts say profitability in the payments business is likely to remain a challenge. 'the opportunity is in providing a platform for bank and SME relationship to thrive,' says mint... |
user | Since equity markets tend to discount the next 2 years' earnings, recovery in the markets may be quicker. It is difficult to find a bottom and hence our advice is to invest systematically, Prasanna Pathak, Fund Manager – Equity of Taurus Mutual Fund, said in an interview with Moneycontrol’s Kshitij Anand. Edited excerp... | equity markets tend to discount the next 2 years' earnings. it is difficult to find a bottom and hence our advice is to invest systematically. smart investors have already increased the quantum of SIP’s. a patient investor with a 2-3 year time horizon is bound to generate handsome returns. a lot has been talked about C... |
user | Prime Minister Narendra Modi on Tuesday announced mega stimulus worth Rs 20 lakh crore to support key sectors and make India a self-reliant nation. PM Modi said the fourth phase of the lockdown would be enforced but complete details would be out before May 18. The financial package is equivalent to around 10 per cent o... | prime minister Narendra Modi announces mega stimulus worth Rs 20 lakh crore. the package is equivalent to around 10 per cent of india's GDP. industry bigwigs and prominent personalities hail the package. the package will help make india a self-reliant nation. aatma nirbhar bharat package is worth around Rs 20 lakh cror... |
user | It is obviously no consolation to Jeff that just under two years back Justin, too, got an icy cold shoulder from New Delhi. It’s no consolation for Amazon boss Jeff Bezos, in India after four years, either that the Canadian Prime Minister Justin Trudeau had largely himself to blame for his disastrous early 2018 tour. T... | amazon boss bezos is trying his level best to tick all the right boxes. he's sung praises of India's small enterprises and declared he feels ‘inspired’ by india. but he's also promised to create a million jobs and invest a billion dollars. despite its size, the company is still a billion dollars flowing into the econom... |
user | Mumbai: Export credit Agency Exim Bank is planning to raise up to $ 2 billion raise from the overseas markets this year to fund exporters."We may be looking at going back to the overseas market where we for raising of long-term funding in the second half of the financial year that is in the October-December quarter and... | 90 per cent of Exim's loans are in the form of export finance and term loan to exporters. bank has already repaid $500 million in April and another maturing in august. bank has not utilised special refinance extended by RBI to tide over any funding challenges. it has also extended 27 lines of credit worth $ 3.40 billio... |
user | Agencies Chef Sunil Chauhan's go-to all-time favourite meal is Dal Chawal. Agencies Whole Wheat Pita Pockets You are what you eat. And that’s why Chef Sunil Chauhan , Founder, Fabcafe , says clean eating and local produce needs to be on our plates. “With growing Urbanisation, processed food has completely changed our e... | Fabcafe Founder, chef sunil Chauhan, says clean eating and local produce is important. he says we need to eat local and seasonal produce to stay healthy. he shares a simple recipe that we can try at home. he says we need to eat more locally and eat more locally. he says we need to eat more organic and local produce. |
user | Maharashtra Chief Minister Devendra Fadnavis today assured partial withdrawal of police cases filed against the Maratha youths for vandalising properties during recent protests for the quota demand."However, the criminal charges like assaulting police officials will not be withdrawn," the CM told reporters at Sahyadri ... | CM says criminal charges against maratha youths will not be withdrawn. he says the BJP government is supporting the expectations of the maratha community. the quota demand has been a major issue for the last two years. the quota demand has been a major issue for the maratha community. a spokesman for the BJP says the q... |
user | European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company outside China. The deal would create "a company built around four of the world's largest profit pools in food ... | justeat takeaway.com NV says it has agreed to buy u.s. peer Grubhub. the deal would create the world's largest food delivery company outside china. the deal would create four of the world's largest profit pools in food delivery. the deal is a departure from antitrust concerns that plagued talks with Uber Eats. |
user | KOLKATA/MUMBAI: Home loan lenders have begun exploring mortgage guarantee products as they would like to cover their loans or set of those loans which are vulnerable to volatility in cash flows as the chips are down with the economy slowing across sectors, said India Mortgage Guarantee Corporation (IMGC) chief executiv... | sceptics believe cost structure may still be a hindrance. many lenders avoid buying product as they believe loan loss has been much lesser than premium till now. 'it is premature to undertake pricing review currently,' says IMGC chief executive. 'we observe greater propensity to use guarantee products for affordable ho... |
user | Houseparty was barely known in India before the entire country went into a complete lockdown. Stuck in homes, Indians began scouring the internet to find new apps or even reusing the old ones, which would help them connect with their friends and family members, who too were stuck in their own homes. As demand for virtu... | houseparty is a video chat app that allows as many as eight participants to get together. the app is a popular choice amongst young people who are stuck in their homes. the company says its users are more engaged and more engaged. the app is a safe and secure platform, with no data breaches. a lockdown in the country h... |
user | live bse live nse live Volume Todays L/H More × Coronavirus, which is wrecking markets across the world and has fanned fears of a global recession, couldn’t have come at a worse time for India’s auto sector that is battling a prolonged slump in demand. The virus outbreak has added to the pain, hitting production and lo... | the virus outbreak has added to the pain, hitting production and lowering the demand even further as consumer spending is unusually low. the correction in the auto index is now close to what was seen during the 2008 global financial crisis. the disruption and the shut down in china is negative for stocks like Tata Moto... |
user | By Malini Bhupta Companies are planning to build a war chest as the pandemic is not showing any signs of easing. Corporate India is considering the option of raising over Rs 150,000 crore of equity capital over the next four to five quarters if the markets continue to be conducive and flush with liquidity. Salil Pitale... | companies are raising equity capital to either deleverage or to meet business exigencies. the financial services space will constitute the largest piece of the fundraising. we expect REITs to also find favour. there will be corporates across sectors, who will raise capital to deleverage and/or fortify their balance she... |
user | Once upon a time, many, many moons ago, there was an era when people used to shop (for real). You would stroll the markets, experience the buzzing bylanes and look for that saree or that design of sliver chaandbali. Shopping would mean channelising inner Buddha energy and keeping calm while haggling over price or perfe... | one district one product' initiative launched in 2018. aims to preserve, develop and promote local arts, crafts and traditional skill of communities spread across each district of Uttar Pradesh. 'we are providing training facilities to artisans', says UP government. 'we have revived the traditional clusters of artisans... |
user | SBI Mutual Fund, India’s largest asset management company, stopped accumulating banking names and instead turned to traditional economy stocks from energy, electronics and engineering sectors in April.The biggest addition to its portfolio in April was cigarette-to-notebooks maker ITC, which it had also acquired in larg... | biggest addition to portfolio was cigarette-to-notebooks maker ITC. fund house bought 3.11 crore shares of the company during the month. it also bought 1.5 crore shares of Bharat Electronics, which manufactures defence products. also bought 81 lakh shares of state bank of india, india's largest bank by asset size. mean... |
user | The government has given its nod to a proposal from the Ministry of Health and Family Welfare (Moh&FW) to permit the export of made-in-India ventilators. The proposal floated at the group of ministers' (GoM) 19th meet on COVID-19 on August 31 was approved, the Health Ministry said in a statement on Saturday (August 1).... | the government has given its nod to a proposal to permit the export of made-in-India ventilators. the proposal floated at the group of ministers' 19th meet on COVID-19 on august 31. the ministry says there has been substantial growth in the domestic manufacturing capacity of ventilators. the ministry hopes that the "do... |
user | Budget Expectations on D-Street: Aashish Sommaiyaa says FM won't have much to give As Nirmala Sitharaman prepares to deliver her maiden Budget Speech on July 5, investors wonder that with too many things on her plate already, will it be a market friendly budget? All eyes are set on whether the retrograde LTCG tax will ... | all eyes are set on whether retrograde LTCG tax will be removed or hiked. experts hope she maintains fiscal prudence, as she tries to get economy back on growth trajectory. 'the budget has always been a process of filling one hole by digging another,' says value investor. 'the market is not going to be happy with the b... |
user | While the real estate market has been quite slow for the past 3-5 years, it has seen some amount of revival over the last 4-5 months. In an interview with Mint, Shapoorji Pallonji CEO Venkatesh Gopalakrishnan said the volumes are back to pre-demonetisation levels, and demand is more consistent now, though prices have n... | the real estate market has been quite slow for the past 3-5 years. but it has seen some amount of revival over the last 4-5 months. in some areas, rentals have increased 6-7% year-on-year in the last 3-4 years. but now it is almost at saturation point and prices have not risen. the market is still very much in the earl... |
user | BENGALURU: United Breweries and Anheuser Busch InBev that together control three-fourth of India's beer market don't expect a revival in the industry and expect it to grow in low single-digit dragged by increasing taxation and regulations.“We anticipate the year 2020-21 to be flat like last year. Even a minor subdued g... | beer market grew 6.9% in the past year compared with 5.7% in 2018. but the pace was significantly slower than the pre-demonetisation period in 2016. companies expect higher value growth due to higher prices and lower taxation. despite a weak volume growth forecast, companies expect higher value growth. despite a weak v... |
user | Shares of Bajaj Auto Ltd were trading 1.5% higher on Friday even as the two-wheeler maker reported a 19% YoY fall in its net profit for the quarter ended Sept 30, 2020. Company's net profit declined 19% year-on-year to Rs 1,138 crore, while its revenue from operations declined 7.2% YoY to Rs 7,156 crore in Q2FY21, as t... | shares of bajaj auto trade 1.5% higher on friday. two-wheeler maker reports 19% YoY fall in net profit for quarter ended sept 30, 2020. company's revenue from operations decline 7.2% YoY to Rs 7,156 crore. shares of the automaker touched an intraday high of Rs 3,055, rising 1.5%. a spokesman for the company said the st... |
user | Zee Entertainment Enterprises Ltd (ZEEL) chief Punit Goenka’s position as MD and CEO of the proposed Sony-Zee merged entity is on shaky ground as he continues to be under investigation by the Securities and Exchange Board of India (Sebi) for the alleged diversion of funds from ZEEL to promoter entities, people aware of... | luxury car buyers in india are getting younger with two out of five Audi buyers aged less than 40. at Mercedes-Benz India, buyers have an average age of 38 years, the youngest for the german luxury carmaker globally. apple set a new quarterly revenue record in india with a strong double-digit year-on-year growth in the... |
user | Overseas investors have pumped in a net sum of Rs 11,012 crore into the Indian capital markets in April so far amid easing liquidity conditions globally. Foreign portfolio investors (FPI) were net buyers for the previous two months as well, infusing a net amount of Rs 11,182 crore in February and Rs 45,981 crore in Mar... | foreign investors have pumped in a net amount of Rs 11,012 crore into the Indian capital markets. foreign investors were net buyers for the previous two months as well. equities and debt markets have been easing amid easing liquidity conditions globally. domestic investors are looking bullish on the Indian markets, giv... |
user | LONDON: Britain is unlikely to lift its stringent lockdown rules until the end of May, a leading government adviser said on Saturday, warning that the spread of the coronavirus must first slow and intense testing be introduced.The government has put Britain into a widespread shutdown, closing pubs, restaurants and near... | government has ordered people to stay home unless absolutely essential to venture out. experts question whether the shuttering of the economy will cost more lives. a quarter of a million people could die from the coronavirus. a second senior government adviser fears the country has painted itself into a corner. a ten-y... |
user | London: Winemaker Eduardo Chadwick is seeking out sales in Asia, after spending more than three decades rebuilding his family’s Vina Errazuriz company in Chile and establishing its $170 top label as an industry benchmark. Errazuriz has set up its own company in Shanghai to target Chinese buyers and collectors, compleme... | Eduardo Chadwick has been rebuilding his family's vina Errazuriz company in Chile. the winemaker has set up a company in Shanghai to target Chinese buyers. he has been awarded the man of the year award by decanter magazine. he said he is optimistic of the potential of the Chinese market in general. he said he is focusi... |
user | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Marketing Officer Programme Visit Indian School of Business ISB Chief Technology Officer Visit IIM Lucknow IIML Chief Executive Officer Programme Visit If liquidity remains ample and interest rates remain low... | if liquidity remains ample and interest rates remain low, then the market would attain new highs. if momentum comes and fades, one has to take everything into account, says co-founder. he says the market is on a tear and everything seems to be good. he says the market is a'very strong fundamentals-oriented person' |
user | Mushrooming urban slums and the exodus of migrant workers during the two-month lockdown period highlight the failure of urban planning in India, says billionaire realty mogul K P Singh, adding that real estate business can be a major driver for reviving the economy in the post-COVID world. “One of the most important se... | realty mogul says real estate business can be a major driver for reviving economy. he says the real estate sector has the potential to absorb a large number of unemployed people. he says the demand slowdown is not due to demonetisation, the GST and the new realty law. he says the real estate sector generates most direc... |
user | The CPI(M) led LDF government in Kerala has lined up Rs 50,000 crore worth infrastructure work for the current fiscal to revive the economy, badly hit by demonetisation and implementation of GST, State Finance Minister T M Thomas Isaac said today. Of this amount, administrative sanction had already been accorded to wor... | the state government has lined up Rs 50,000 crore worth of infrastructure work. the state is badly hit by demonetisation and implementation of GST. the state is in the grip of a fiscal crisis after the note ban and implementation of GST. the state government has already sanctioned works worth Rs 20,000 crore. the remai... |
user | live bse live nse live Volume Todays L/H More × The government is considering slashing the Goods and Services Tax (GST) on electric vehicles (EVs) to 5 percent from 12 percent, according to a report by The Economic Times. "There is a proposal to cut tax rates on EVs among other issues," a government official told the p... | the government is considering slashing the GST on electric vehicles (EVs) to 5 percent from 12 percent. a report by the economic times said the GST council will likely discuss this at its meeting on June 20. NITI Aayog has proposed that only EVs will be sold after 2030, a move aimed at reducing carbon emissions. |
user | Sydney: Australia is heading for its first recession in nearly three decades after the economy shrunk in the January-March quarter, with a "far more severe" reading expected in the next three months as the effects of the virus shutdown bite.The 0.3 percent contraction was the first quarterly drop since 2009 during the ... | the economy shrunk by 0.3 percent in the first quarter of the year. the contraction is the first since 2009 during the global financial crisis. the economic impact will be severe, with a "far more severe" reading expected. the government has urged rent deferrals and wage cuts to help restore the economy. the government... |
user | The benchmark indices ended on a higher note Monday led by the rally in auto stocks. Sensex rallied 553.42 points to end at a record high of 40,267.62, while Nifty jumped 165.75 points to 12,088.55. The benchmark indices ended on a higher note Monday lead by the rally in auto stocks. Sensex rallied 553.42 points to end... | Sensex rallied 553.42 points to end at a record high of 40,267.62. Nifty jumped 165.75 points to 12,088.55. top Sensex gainers include Hero MotoCorp, Bajaj Auto, Asian Paints, IndusInd Bank, HUL, Maruti, Coal India, HDFC twins, RIL and TCS. |
user | Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. Interest Rate Risk. It is our policy not to enter into interest rate derivative financial instruments, except for hedging of foreign currency exposures discussed below. We do not currently have any significant interest rate risk since we do not have a... | This text discusses the market risk associated with the company's cash and cash equivalents, investments, and foreign currency exchange rate risk. The company does not have any significant interest rate risk since it does not have any financial obligations. The majority of its cash and cash equivalents are invested in ... |
user | Odds that Andrea del Sarto shaped Maidavolu Narasimham’s outlook to banking are rather long, but Robert Browning’s melancholy poem aptly describes the illustrious banker’s financial reforms agenda: ‘Less is More’. Narasimham’s minimalism provides intellectual underpinnings for the latest consolidation drive at state-ru... | maidavolu narasimham was the only RBI cadre official to head the regulator. he argued in favour of three-four mega banks at the top of the pyramid. he also led the 1998 committee of banking sector reforms. narasimham's minimalism provides intellectual underpinnings for the latest consolidation drive at state-run banks. |
user | The government is likely to ask the next Finance Commission to consider a higher weight for the human development index (HDI) and sustainable development goals (SDGs) while recommending the distribution of resources among states. US electric carmaker Tesla is willing to invest up to $2 billion for setting up a local fa... | as more women take up senior leadership roles in India Inc, their visibility in boardroom battles is also rising. women are playing key roles in several ongoing boardroom conflicts. women are playing key roles in several ongoing family disputes. reflects the rise in the number of women in positions where they can have ... |
user | Representative image live bse live nse live Volume Todays L/H More × With nearly no business for two months and fixed costs eating into savings, hotel companies are hitting the road to raise funds to meet working capital needs. Lemon Tree Hotels and Indian Hotels Company, two of the biggest listed companies in the hote... | lemon tree hotels and Indian hotels company will raise Rs 450 crore using certain borrowing instruments to fund working capital. this comes on the back of occupancy levels falling to single digits across the country following the national level lockdown enforced by the government. the hotel industry will take two years... |
user | Amid Boardroom Feuds, Spotlight Falls on Women As more women take up senior leadership roles in India Inc, their visibility in boardroom battles is also rising. In a clear break from the past, women are playing key roles in several ongoing boardroom conflicts, or family disputes that may extend into the boardroom, refl... | women playing key roles in boardroom conflicts, or family disputes. rise in visibility in boardroom conflicts reflecting the number of women in positions. Tesla willing to invest up to $2 billion for setting up a local factory. government approves 15% duty on imported vehicles during first two years of operations. if g... |
user | Transcript Hi there! From ETMarkets.com, this is Abhinav Kaul with Your Evening Briefing. LET’S START WITH THE TOP HEADLINES AT THIS HOUR >> Sensex soars 1,266 pts, snaps 7-week losing streak >> Cognizant withdraws guidance, stops share buyback >> RBI says financial markets outlook highly uncertain >> Equity MF inflows... | Sensex closed 1,266 points higher at 31,160, while Nifty closed 4 per cent or higher at 9,103. for the holiday-shortened week, the indices rallied 10.24 per cent and 10.28 per cent, respectively. in stock-specific action, Tata Communication jumped 9.49 per cent after east bridge capital master fund and university of No... |
user | Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in Bali, Indonesia, this week were overshadowed by a spate of financial market turmoil and by the thre... | the annual meeting of the international monetary fund and world bank is overshadowed by financial market turmoil. the meeting in Bali, Indonesia, this week was overshadowed by the threat to global growth from the trade standoff. the IMF urged countries to keep debt under control and ensure credit is available in line w... |
user | Vikram Dhawan Given copper’s wide range of use in almost everything—from automobiles to housing and power generation to manufacturing—its demand trends are a good indication of the state of the global economy. Notwithstanding the worries about the state of the global economy, copper is up by around 8 percent in dollar ... | copper is up by around 8 percent in dollar terms in the current calendar year. leading equity indices of the western world are also up sharply in 2019. a tear-away rally is underway in china. copper fundamentals are underpinned by ageing mines and growing demand. china, which accounts for almost half of the global dema... |
user | Representative Image live bse live nse live Volume Todays L/H More × Better prices and demand for its products will help Tata Steel improve its realisations by Rs 3,000 per ton in the second quarter, as compared to the first, said TV Narendran, CEO and MD. "That is the minimum that we are expecting," Narendran told ana... | a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by b... |
user | Amid Boardroom Feuds, Spotlight Falls on Women As more women take up senior leadership roles in India Inc, their visibility in boardroom battles is also rising. In a clear break from the past, women are playing key roles in several ongoing boardroom conflicts, or family disputes that may extend into the boardroom, refl... | women playing key roles in boardroom conflicts, or family disputes. rise in visibility in boardroom conflicts reflecting the number of women in positions. Tesla willing to invest up to $2 billion for setting up a local factory. government approves 15% duty on imported vehicles during first two years of operations. if g... |
user | S&P Global Ratings on Monday cut its estimate for India's GDP growth in the fiscal starting April 1 to 5.2 percent from its earlier estimate of 6.5 percent, as it saw the outbreak of coronavirus costing economies around the globe. It put "the total and permanent income loss for Asia-Pacific from COVID-19 at approximate... | S&P Global Ratings cuts its estimate for India's GDP growth to 5.2 percent. it puts the total and permanent income loss for Asia-Pacific from COVID-19 at approximately USD 620 billion. the agency estimates a 5.2 percent growth in 2020-21 (April 2020 to March 2021) it projects a 6.9 percent growth in the following year. |
user | Modi believes that price is the most important factor in investing. He is credited with developing t... Show more » (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com .) The government is likely to ask the ne... | credited with developing a 'price-based' investment strategy. credited with bringing down the cost of living by reducing the need for a 'price-based' investment. credited with developing 'price-based' investment strategies. credited with 'developing a petro-chemical industry'. credited with 'developing a petro-chemical... |
user | Elevate Your Tech Prowess with High-Value Skill Courses Offering College Course Website IIM Kozhikode IIMK Senior Management Programme Visit IIM Lucknow IIML Executive Programme in FinTech, Banking & Applied Risk Management Visit Indian School of Business ISB Professional Certificate in Product Management Visit Global ... | the acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence. the move will help the company meet the growing demand for enterprise-scale AI and digital analytics solutions across the region. the firm has made Applied Inte... |
user | Although the COVID-19 pandemic is known to have originated from Wuhan, China in December 2019, researchers tracking the origin of the virus, say that the novel coronavirus may have existed in a latent phase in the city since last October. According to the study on the evolution of the virus, published in the journal Fr... | researchers say the novel coronavirus may have existed in a latent phase in the city. the outbreak may have been caused by a combination of biological and social factors. the outbreak may have been caused by a co-occurrence of three major celebrations in china. the outbreak is the first epicentre of the pandemic. the r... |
user | The National Bank for Agriculture and Rural Development ( NABARD ) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people in rural areas , an official said on Friday.The credit support under special liquidity facility (SLF) will be extended to state co... | the credit support under special liquidity facility (SLF) will be extended to state cooperative banks, regional rural banks and micro-finance institutions ( MFIs ) the lender has already disbursed an amount of Rs 720 crore to state coperative and regional rural banks. the rural sector of the state is extremly important... |
user | Oh, bitcoin. Your problem was never that you were too unpredictable. It was always that you weren’t unpredictable enough. Bitcoin was never really going to cut it as a true currency. Its astronomical volatility—which is a problem if you want certainty about the value of your transactions or wealth—means that the likes ... | bitcoin's astronomical volatility means the likes of the Uzbekistani soum or the Ethiopian birr stand a better chance of supplanting the greenback. the potential to provide negative beta has long been the best argument for investing in gold, bitcoin's shiny physical avatar. bitcoin crashed 35%, making it look more like... |
user | By Juhi Bansal India stands as the leading country of origin of international migrants in 2019 as per the United Nations with 17.5 million recorded migrants from India settled across the globe. The Ministry of External Affairs estimates that more than 32 million Indians live abroad. This also makes India the world’s to... | India is the world's top recipient of remittances with an estimated inflow of USD 83.1 billion in 2019 according to the world bank. 90% of overseas Indians are employed in the Gulf region and south east Asia. remittances from the 'india diaspora' have become a crucial source of India's foreign exchange reserves. |
user | MUMBAI: The Carlyle Group is set to acquire Sequent Scientific , India’s largest animal healthcare and nutrition company, ending months of negotiations with founders Arun Kumar and KR Ravishankar, people aware of the matter said.Carlyle is expected to first buy around 50% stake from the promoters and their families at ... | carlyle expected to first buy around 50% stake from promoters and their families. private equity group's aim is to take stake up to 75%. if open offer is not fully subscribed, founders will sell more. on Thursday, the shares ended at Rs 79.8 on the BSE. Depending on success of open offer, carlyle is likely to spend Rs ... |
user | Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic. JPMorgan Chase & Co and Wells Fargo & Co will kick off the reporting season on Tuesday, with analysts expecting an uptick in trading revenue to be o... | the main indexes slipped on monday as corporate America launches into a painful quarterly earnings season. the coronavirus pandemic could reach its peak this week, a top health official says. the broader financial sector dragged on the benchmark S&P 500 with a 2.4% fall. the broader economy is expected to see a bleak o... |
user | MUMBAI: The Real Time Gross Settlement System RTGS ) for high-value transactions will be available round-the-clock on all days from 00:30 hours of December 14, making India one of the few countries to operate the system 24x7.In October, the RBI had announced that RTGS will be available round-the-clock on all days of th... | RTGS will be available round-the-clock on all days from 00:30 hours on December 14. this comes within a year of the RBI operationalising NEFT 24x7. RTGS handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore. RBI said it will be one of the few countries in the world to operate the system round-the-clock... |
user | Fintech major Razorpay on Friday said it has acquired payroll and HR management software company, Opfin. The company did not disclose the amount it has raised. The acquisition will enable businesses to not only manage their payroll process and fund transfers, but also manage filing of taxes, compliances through a singl... | the acquisition will enable businesses to manage payroll and fund transfers. it will also manage filing of taxes and compliances through a single platform. this is Razorpay’s second acquisition in the last six months. it follows thirdwatch, an AI-driven company specialising in big data and machine learning for real-tim... |
user | Mumbai: The Indian rupee surged by another 78 paise to 75.16 (provisional) against the US dollar on Thursday after Finance Minister Nirmala Sitharaman announced various welfare measures to tide through the coronavirus crisis.The government on Thursday unveiled a Rs 1.70 lakh crore economic package involving free foodgr... | rupee surges by another 78 paise to 75.16 (provisional) against the US dollar. government unveils Rs 1.70 lakh crore economic package to ease economic impact of lockdown. rupee opened on a positive note at 75.90, settled for the day with gains of 78 paise. rupee had gained 26 paise to settle at 75.94 against the US dol... |
user | Troubled edtech major Byju’s on Saturday reported its delayed audited financial accounting for the year ended March 2022 — in parts — showing a 2.3 times growth in revenue to ₹3,569 crore in its standalone business. Ebitda loss of the core business — financials for which were reported — was down to ₹2,253 crore in FY22... | byju's reported a 2.3 times growth in revenue to 3,569 crore in its standalone business. Ebitda loss of the core business was down to 2,253 crore in FY22, from 2,406 crore in the previous year. state bank of india (SBI) met D-Street expectations to report an 8% increase in the second-quarter net profit. |
user | Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment In currency markets, a rising greenback could hold back regional currencies like the Australian and New Zealand dollars during Asian hou... | dollar index rose 0.441%, euro down 0.01% to $1.1705. amazon.com AMZN.O rose 5.7% on expected boost. yen weakened 0.06% versus greenback at 104.98 per dollar. emerging market stocks lost 0.69%. chinese yen weakened 0.06% versus greenback at 104.98 per dollar. |
user | India’s mergers and acquisitions (M&A) activity was near-stagnant between 2009-10 and 2017-18, shows data collated by PwC India. The data was part of a report released at an event organized by the Confederation of Indian Industry. M&A deals worth ₹ 1.32 trillion were completed in the last fiscal year, which is among th... | the data was part of a report released at an event organized by the Confederation of Indian Industry. M&A deals worth 1.32 trillion were completed in the last fiscal year, which is among the lowest in the past nine years. the level of M&A activity is linked to macroeconomic activity, which means the data doesn’t provi... |
user | New Delhi: With an aim to deepen the commodity derivatives market, regulator Sebi Tuesday allowed trading in the segment by foreign entities with exposure to the Indian physical commodity market Currently, foreign entities are not permitted to directly participate in the Indian commodity derivatives market, even if the... | foreign entities with exposure to Indian commodity markets allowed to participate in commodity derivatives market. sebi says foreign entities should be able to hedge their price risk in the country's commodity derivatives market. the minimum net-worth requirement for such EFE will be USD 500,000. the regulator says suc... |
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