A veteran hedge fund manager is going long on Indian stocks even as fear of further losses among the nation’s equity investors surged to a record after the benchmark stock index fell to a five-year low.
“Asset prices typically do not fall in straight lines without some retra...read more
The Indian stock markets plunged into bear territory on Thursday after the coronavirus outbreak was described a pandemic and the United States suspended travel from Europe, fanning fears of further...read more
The dollar weakened and the Dow Jones industrials entered bear market territory on Wednesday on mounting worries about the global economy after world health officials declared a coronavirus p...read more
Shares of Tata Consultancy Services Ltd, usually considered a safe haven because of its steady cash flows, fell 6.4% in the selloff on Monday. Shares of Reliance Industries Ltd fell by an uncharact...read more
Reliance Industries, India's largest petchem player, is launching a project to use plastics in road construction, amid growing concerns over pollution in the country of 1.3 billion whose ...read more
That Housing Development Finance Corp. Ltd (HDFC) will report a huge jump in its net profit for the December quarter was largely anticipated, given the one-time gain from the sale of its subsidiary...read more
Axis Bank posted good set of results after disappointments by IndusInd Bank, Kotak Bank and HDFC Bank. Though Net profit is below estimates but it witnessed decent loan growth of 5.5% and NII growt...read more
Telecom major Bharti Airtel on Wednesday entered into a partnership with global money transfer company Western Union to launch real-time payments into bank accounts in India and mobile wallets acro...read more
HCL Technologies on Tuesday announced the launch of a dedicated HCL Microsoft Business Unit to help joint customers with digital transformation initiatives.
The decision will extend ...read more
The company reported standalone net profit of Rs 49.65 crore for the quarter ended December 31, 2019 as compared to Rs 48.42 crore in the same period last year, registering a year-on-year growth of...read more
SoftBank Group Corp is in talks to sell a majority stake in its renewables joint venture in India as it aims to raise cash amid global investment setbacks, India's Economic Times daily reported...read more
Dewan Housing Finance Corporation Ltd (DHFL) on Monday said that its administrator R. Subramaniakumar has appointed Grant Thornton India LLP as the transaction auditor for the corporate insolvency ...read more
Indian equities were set to open lower on Wednesday, with Singapore Nifty futures dropping 1.7% to a four-week low as oil prices surged after Iran fired missiles at American forces based in I...read more
The management of ICICI Bank Ltd made all the right noises at its analyst day last week, and the resulting exuberance is seen in the stock. Since then, the stock has risen over 3%, taking the total...read more
The National Stock Exchange of India Ltd or NSE on Friday received Securities and Exchange Board of India (sebi) approval to appoint Girish Chandra Chaturvedi, a retired IAS Officer and former Secr...read more
Macro-economic data points along with the direction of foreign fund flows and US Fed's monetary policy are expected to influence the Indian equity market's trajectory next week, analysts op...read more
Investors are pricing in high growth from the domestic arm of global pharmaceutical behemoth Pfizer Inc. The Pfizer Ltd stock gained nearly 36% in the last two months against the Nifty Pharma Index...read more
State-run Oil and Natural Gas Corporation (ONGC) has raised $300 million via the External Commercial Borrowing route to meet its capital expenditure needs.
The fund has been raised b...read more
Passenger carrier SpiceJet will commence flight operations to Ras Al Khaimah (RAK) in UAE from December-end, however, its wait to establish an airline there might happen only in 2020.
...read more
Although the news of stake sale by Subhash Chandra-led Essel group in Zee did not have a negative impact last week, Chandra's stepping down as chairman from the Zee Board, appears to have not g...read more
Leading bike maker Bajaj Auto on Tuesday announced an investment of $8 million in Bengaluru-based bike-sharing platform Yulu to boost electric vehicle adoption in India.
The fr...read more
The board of directors of Yes Bank will meet on Friday to consider fund raising through issue of fresh equity.
The bank had earlier announced that it had received a binding offer fro...read more
India’s leading financial services firm, today said that the number of registered customers on iCommunity, it’s resource hub for the retail customers, has crossed one lakh, making it on...read more
The National Company Law Tribunal's (NCLT) Mumbai bench has directed the CEOs of Axis Bank and Standard Chartered Bank to be present in the next hearing of the IL&FS matter on December 16.<...read more
The Committee of Creditors (CoC) of the Jaypee Infratech (JIL) have planned to start the voting process on the resolution plans for the bankrupt company on December 8 and it would go on till Decemb...read more
Indian shares ended lower on Friday, dragged by losses in information technology stocks, as global investors were cautious about mixed signals surrounding the U.S.-China trade deal.
Shares of NBCC (India) Ltd fell 2.8% on Tuesday despite the state-run company winning a new order from the government. The ₹500 crore project will add to the consultancy firm’s order backlo...read more
NEW DELHI : Following the Supreme Court verdict on Essar Steel resolution plan, global steel giant ArcelorMittal said it expects to complete the acquisition of the debt-ridden...read more
vodafone-Idea Ltd (VIL), on Monday which had hinted at not being able to remain as a going concern if relief does not come for the sector, advanced nearly 25 per cent on the NSE ov...read more
The closure of the Essar Steel insolvency case, one of the first set of 12 large defaulting accounts referred under a nascent code, is a victory for banks.
But beyond this steelmaker prom...read more
The company reported standalone net loss during the quarter stood at Rs 384.73 crore compared to net profit of Rs 43.09 crore in the previous year quarter. Net revenue of the company declined...read more
Bharti Airtel reported a loss of ₹23,045 crore in the second quarter ended September 30, hurt by a charge of ₹28,450 crore. Net Loss (before exceptional items) for Q2 was at ₹1,123 crore.
...read more
One man’s poison is ano...read more
Airliner SpiceJet's 2019-20 second quarter total net loss has widened to Rs 462.6 crore on account of grounding of Boeing 737 MAX along with the change in accounting standard.<...read more
The company reported standalone net profit of Rs 152.10 crore for the quarter ended September 30, 2019 as compared to Rs 63.60 crore in the same period last year, registering a year-on-year growth ...read more
The company reported standalone net profit of Rs 24.04 crore for the quarter ended September 30, 2019 as compared to Rs 20.37 crore in the same period last year, registering a year-on-year growth o...read more
The government will start roadshows for privatisation of ailing state-run Air India this week in Singapore with Disinvestment Secretary T.K. Pandey along with senior aviation minis...read more
Scrips of HDFC Asset Management and Indraprastha Gas Limited on Monday surged to its 52 week high on the NSE after being included in the Morgan Stanley Capital International ...read more
The market could be relieved that the US aluminium market may have gained from the trade war, though domestically, things are getting seemingly worse.
Hindalco Industries Ltd’s stan...read more
The company reported standalone net loss during the quarter stood at Rs 33.18 crore compared to net profit of Rs 7.38 crore in the previous year quarter. Net revenue of the company declined m...read more
The company reported standalone net profit of Rs 59.47 crore for the quarter ended September 30, 2019 as compared to Rs 21.90 crore in the same period last year, registering a year-on-year growth o...read more
Bharti Airtel, Indias largest integrated telecommunication services provider, has joined hands with Bharti AXA Life Insurance to provide protection cover of Rs 4 lakh with its inno...read more
The company reported standalone net profit of Rs 51.84 crore for the quarter ended September 30, 2019 as compared to Rs 39.99 crore in the same period last year, registering a year-on-year growth o...read more
Commercial vehicle major Ashok Leyland Ltd will enter the Russian market with a local partner in a year's time, said a top company official.
He also said the com...read more
TOKYO - Suzuki Motor Corp reported on Tuesday a 32% fall in second-quarter operating profit, weighed by a slowdown in domestic output as the automaker improves its inspec...read more
IT major HCL Technologies (HCL) and Google Cloud on Thursday announced the launch of HCL’s Google Cloud Business Unit to accelerate enterprise cloud adoption worldwide. This dedicated busines...read more
Festive season has failed to reverse negative sales trend in the domestic auto sector. Leading bikemaker Bajaj Auto has reported a 14 per cent decline in its sales of motorcycles i...read more
The company reported standalone net profit of Rs 293.65 crore for the quarter ended September 30, 2019 as compared to Rs 295.13 crore in the same period last year, registering a year-on-year declin...read more
IT major HCL Technologies (HCL) and Google Cloud on Thursday announced the launch of HCL’s Google Cloud Business Unit to accelerate enterprise cloud adoption worldwide....read more
As per the data reported by Society of Indian Automobile Manufacturers (SIAM), an apex national body representing all major vehicle & vehicular engine manufacturers in India, sales of commercia...read more
According to a report released by Confederation of Indian Industry (CII), nearly 25 thousand tonne rice straw was recycled back into the soil in 2018 and 115 tonne fine particulate matter (PM2.5) w...read more
India's exports have entered negative zone after a gap of eight months recording a decline of 9.71 per cent to USD 25.01 billion in June, according to the government data. Imports also declined...read more
The Reserve Bank of India (RBI) has imposed, by an order dated July 15, 2019, monetary penalty of ₹ 7 crore on State Bank of India (the bank) for non-compliance with the directions issued by RBI ...read more
The official Wholesale Price Index (WPI) for 'All Commodities (Base: 2011-12=100) for the month of June, 2019 rose by 0.2% to 121.5 (provisional) from 121.2 (provisional) for the previous month...read more
The official Wholesale Price Index (WPI) for 'All Commodities (Base: 2011-12=100) for the month of June, 2019 rose by 0.2% to 121.5 (provisional) from 121.2 (provisional) for the previous month...read more
A delegation led by Assistant United States Trade Representative (AUSTR) Christopher Wilson visited India on 11-12 July 2019 to explore potential for enhanced bilateral trade and economic engagemen...read more
As per data compiled by RBI, the balance outstanding for export credit by all Scheduled Commercial Banks (SCBs) increased from Rs 1,85,591 crore as on 31.3.2015 to Rs 2,43,890 crore as on 31.3.2018...read more
The all-India general CPI inflation rose to 3.18% in June 2019 (new base 2012=100), compared with 3.05% in May 2019. The corresponding provisional inflation rate for rural area was 2.21% and urban ...read more
The Centre has invited comments from all the stakeholders and states on The Model Tenancy Act, 2019 and will take it to the Union Cabinet as soon as possible, said DurgaShanker Mishra, secretary, M...read more
Nitin Gadkari, Union Minister for Micro, Small & Medium Enterprises and Road Transport & Highways, has written to all industry associations and registered MSMEs, urging them to plant as man...read more
The number of telephone subscribers in India declined from 1,197.87 million at the end of Dec-18 to 1,183.51 million at the end of Mar-19, registering a decline rate of 1.20% over the previous quar...read more
India has reduced its poverty rate drastically from 55% to 28% in ten years. 271 million people moved out of poverty between 2005/6 and 2015/16, according to the UN’s latest Multidimensional ...read more
Worldwide IT spending is projected to total $3.74 trillion in 2019, an increase of 0.6% from 2018, according to the latest forecast by Gartner, Inc. This is slightly down from the previous quarter&...read more
Freight loading of the IR increased 2.0% to 101.42 million tonnes (mt) in June 2019 over June 2018. Meanwhile, the freight revenue surged 6.9% to Rs 10707.55 crore in June 2019. The net tonne kilom...read more
The Indian Railway (IR) has recorded 4.2% growth in its overall revenues to Rs 15478.62 crore in June 2019 over June 2018. The IR revenues had moved up 2.0% to Rs 14861.80 crore in June 2018. The p...read more
In a major boost to rural road connectivity across the country, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for the launch of Prad...read more
The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the banning of Unregulated Deposit Schemes Bill, 2019. It will replace the banning of Unregulated Deposit Schemes Ordinan...read more
India's new budget outlined some economic reforms that could support the economy, but its fiscal stance was left broadly unchanged, with no plans for meaningful consolidation, says Fitch Rating...read more
As per the data released by the Society of Indian Automobile Manufacturers (SIAM), the industry produced a total 7,215,513 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers...read more
Economic growth is high on the agenda of the Government. Various reforms are being undertaken by the government in many spheres to improve GDP growth. Government has announced various measures in t...read more
Union Minister of Commerce & Industry and Railways, Piyush Goyal, held a bilateral meeting with Indonesian Minister of Trade, Enggartiasto Lukita in New Delhi yesterday. Piyush Goyal raised con...read more
The Government is committed to reforms and will keep responding in terms of policy, governance and initiatives to inputs that will lift the animal spirits of industry, said Ms Nirmala Sitharaman, H...read more
Nirmala Sitharaman, Union Minister of Finance, addressed the Central Board of Directors of Reserve Bank of India yesterday. The Finance Minister in her address outlined the thinking behind the Unio...read more
The 15th Finance Commission headed by Chairman, N.K. Singh met with the Comptroller & Auditor General of India (CAG), Rajiv Mehrishi and senior officers of the Office of CAG. The main issues th...read more
Global demand for agricultural products is projected to grow by 15% over the coming decade, while agricultural productivity growth is expected to increase slightly faster, causing inflation-adjuste...read more
Finance Minister Mrs Nirmala Sitharaman's maiden budget is a mega investment-oriented initiative with a strong focus on scaling up rural infrastructure and demand along with slew of tax simplif...read more
The Real Effective Exchange Rate of Indian Rupee depreciated in 2018-19, making India's exports potentially more competitive, noted the latest Economic Survey. The Indian Rupee traded in the ra...read more
Global food prices declined marginally in June, as lower prices of dairy products and vegetable oils more than offset a significant jump in maize quotations, and are now very close to their level o...read more
According to the Economic Survey, during 2018-19, there was a net inflow of Rs 109701 crore in the domestic mutual fund industry, marking a decline of 60% over the last year. Net inflows in 2017-18...read more
The Economic Survey cautions that the coming year will pose several challenges on the fiscal front. Firstly, there are apprehensions of slowing of growth, which will have implications for revenue c...read more
The Economic Survey 2018-19 says the General Government (Centre plus States) has been on the path of fiscal consolidation and fiscal discipline. It says revenue augmentation and expenditure reprior...read more
The Economic Survey 2018-19 was tabled by the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman in the Parliament today. The theme of the Survey is about enabling a “s...read more
FICCI has launched its new initiative ‘FICCI Future- X’ platform that aims to elucidate Industry 4.0 technologies, highlighting the opportunities and challenges for students and faculty...read more
In August 2010, the Reserve Bank had introduced a separate framework for the regulation of systemically important Core Investment Companies (CICs) recognising the difference in the business model o...read more
The Economic Survey 2018-19 was tabled by the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman in the Parliament today. The theme of the Survey is about enabling a “s...read more
FICCI has launched its new initiative ‘FICCI Future- X’ platform that aims to elucidate Industry 4.0 technologies, highlighting the opportunities and challenges for students and faculty...read more
In August 2010, the Reserve Bank had introduced a separate framework for the regulation of systemically important Core Investment Companies (CICs) recognising the difference in the business model o...read more
The Reserve Bank modulates the system liquidity from time to time and undertakes liquidity operations as per requirement. The liquidity in the system has remained largely in surplus during June 201...read more
India must enhance its value proposition and build a supportive infrastructure to double the foreign tourist arrivals (FTA) in the country, which remains at a low of 10 million despite significant ...read more
India's manufacturing sector growth slowed in June reflecting softer increases in new works, output and employment, survey data from IHS Markit showed on Monday. The headline IHS Markit manufac...read more
The FICCI has congratulated the Government on completion of two years of implementation of Goods and Services Tax (GST). It has been a landmark taxation reform in Indian history and given the set o...read more
In a meeting on 28 June 2017, the Cabinet Committee on Economic Affairs had in-principle approved the consideration for strategic disinvestment of Air India & its five subsidiaries. An Air Indi...read more
The Government of India has decided to constitute a Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12). The Working Group is tasked with selecting the most...read more
The Micro, Small and Medium Enterprises or MSME industry should come up with 'special proposals,' and suggest steps required to be taken by the government to increase production, boost expo...read more
The Reserve Bank of India puts into circulation coins minted by the Government of India. These coins have distinctive features. Coins in new denominations to meet transaction needs of public and co...read more
RBI reported that currency in circulation (CIC) contracted by 0.6% on the week to stand at Rs 22.05 trillion as on 21 Jun 2019. The CIC is up 12.7% on a year ago basis. The central bank noted furth...read more
The Reserve Bank of India (RBI) issued Rupee Interest Rate Derivatives Directions consolidating and simplifying all previous regulations with a view to protect small and retail participants. The Re...read more
The fund released by the Government of India to States/UTs under e-NAM Scheme based on need during 2015-16 to 2018-19 is Rs. 423.23 crore. The facilities provided to farmers in e-NAM mandis are con...read more
Union Minister for Chemicals and Fertilizers, D.V. Sadananda Gowda, while giving a written replies to questions on availability of fertilizers in the country, in Lok Sabha, stated that Department o...read more
The Union Minister of Consumer Affairs, Food & Public Distribution, Ram Vilas Paswan has informed in Lok Sabha that as on date Government is not planning to import pulses.
In the mont...read more
Turbo-charging expansion in the financial technology (FinTech), India's digital payments transaction value is projected to more than double to USD 135.2 billion in 2023 from USD 64.8 billion th...read more
