• Market report: Aker Energy secures $100 million investment - Africa Oil & Power 19 Jul 2019 23:03 The weekly Market Report is provided by Gladius Commodities of Lagos, Nigeria. Download the full report here. Learn more about Gladius Commodities at www.gladiuscommodities.com. NIGERIA The Nigerian National Petroleum Corporation (NNPC) has issued award …
  • IndiGo reports highest profit, board meet continues amid promoters' tussle 19 Jul 2019 23:01 In the midst of a tussle between promoters, InterGlobe Aviation, which operates the country’s largest airline by market share IndiGo, has recorded its highest net profit at Rs 1,203 crore for the June quarter with a more than 40-fold rise from the same …
  • Markets plunge on weak results, FPI surcharge; Sensex drops 560 points 19 Jul 2019 22:06 The benchmark indices on Friday dropped 1.5 per cent after the government refused to provide any relief to overseas investors on the higher tax surcharge announced in the Union Budget. Weak corporate earnings and a subdued outlook, particularly from …
  • Unilever: Growing Dividend With Emerging Markets Exposure 19 Jul 2019 22:02 Investment Thesis Unilever PLC. (UL) has a robust business model with tremendous exposure to emerging markets. As a manufacturer of consumer staples, Unilever is a defensive blue chip name that offers an attractive 3% dividend yield. Despite slow growth in …
  • Yatra Online, Inc. (YTRA) Ebix Acquisition of Yatra Online Conference Call (Transcript) 19 Jul 2019 21:55 Yatra Online, Inc. (NASDAQ:YTRA) Ebix Acquisition of Yatra Online Conference Call July 19, 2019 8:00 AM ET Company Participants Darren Joseph - Corporate VP of Finance & HR, Ebix Inc Robin Raina - Chairman & CEO, Ebix Inc Dhruv Shringi - CEO, Yatra …
  • ManpowerGroup Inc. (MAN) CEO Jonas Prising on Q2 2019 Results - Earnings Call Transcript 19 Jul 2019 20:38 ManpowerGroup Inc. (NYSE:MAN) Q2 2019 Results Conference Call July 19, 2019 8:30 AM ET Company Participants Jonas Prising - Chairman and Chief Executive Officer Jack McGinnis - Chief Financial Officer Conference Call Participants Andrew Steinerman - …
  • No separate law yet to ban cryptocurrency in India: Anurag Singh Thakur 19 Jul 2019 20:30 Bengaluru: The government has not prohibited the use of cryptocurrencies in India, union minister of state for finance, Anurag Singh Thakur, has said. Thakur was responding to a query by Telangana Rashtra Samithi Rajya Sabha MP, Dharmapuri Srinivas, in …
  • Interest subvention to Mercedes captive finance arm attracts GST- TNAAR 19 Jul 2019 19:41 The Tamil Nadu Authority for Advance Ruling (AAR) has ruled that the interest subvention income received by Daimler Financial Services India Private Limited (DFSI) from Mercedes-Benz India Private Limited, to reduce the effective interest rate to the final …
  • Jio Q1 net profit up 46% on year; ARPU falls to Rs122 19 Jul 2019 19:11 MUMBAI: Reliance Jio Infocomm reported its seventh straight profitable quarter, with earnings growing at a higher-than-expected 46% on the back of strong subscriber additions that made it India’s second-largest telco by users. Increased data usage helped …
  • Not at any rate 19 Jul 2019 18:54 From this author At the heart of the matter is the “issuer pay” business model. Under this model, the firm that is being rated pays for the ratings, which are then used by investors to evaluate the level of risk that a firm/instrument poses. Ever since …
  • Gentex Corporation (GNTX) CEO Steve Downing on Q2 2019 Results - Earnings Call Transcript 19 Jul 2019 18:44 Start Time: 09:30 January 1, 0000 10:12 AM ET Gentex Corporation (NASDAQ:GNTX) Q2 2019 Earnings Conference Call July 19, 2019, 09:30 AM ET Company Participants Steve Downing - President and CEO Kevin Nash - CFO, VP of Finance, and Treasurer Neil Boehm - …
  • Sengupta: Follow my father’s business advice 19 Jul 2019 18:43 By Sumantra Sengupta Recently, a colleague showed me an article that he wrote, which essentially took a page from the “Not your father’s …” tagline that General Motors made popular across many of their brands. Alas, many of those brands have disappeared, …
  • Modi's e-car dream has a problem no one saw coming 19 Jul 2019 18:38 NEW DELHI: Despite the government’s thrust for electric vehicles (EVs), a shortage of top-tech talent may act as a roadblock. Search firms are being forced to look overseas for talent- France, Germany, Japan and China. This being a greenfield domain, the …
  • Draft National Education Policy needs relook, say science academies 19 Jul 2019 18:20 The draft National Education Policy (NEP) 2019 may contain some well-conceived suggestions, but on the whole it has many drastic recommendations that would damage, rather than improve, the entire fabric of education system, said top scientific bodies in …
  • FinMin expands ambit of intermediary services 19 Jul 2019 18:20 Multinational companies will need to redefine their back-end support system for the applicability of the Goods & Services Tax (GST) as the Finance Ministry has come out with a new circular on intermediary services. This circular intends to clarify on …
  • Imran Khan Goes to Washington: What’s on the Agenda for US-Pakistan Security Relations? 19 Jul 2019 18:12 A closer look at some of the security-related agenda items for the upcoming development and how they could impact bilateral ties. Pakistani Prime Minister Imran Khan is set for his maiden visit to the United States in the next few days. The trip will …
  • Markets hit hard by passage of Finance Bill 19 Jul 2019 18:06 The Nifty index fell by 177 points or 1.53 per cent on Friday to close at 11,419. The Sensex was down 560 points, closing at 38,337. The fall in both these indices is in addition to the over 2.5 per cent fall they witnessed in two trading sessions …
  • This Is Your Last Chance to Dump Netflix Stock 19 Jul 2019 18:02 As you may have heard, Netflix (NFLX) bombed on earnings results this week. The company fell short of its growth target by more than two million subscriptions. And for the first time in eight years, it reported a subscriber loss in the US. The stock …
  • India seeks to tap foreign lenders to boost SMEs 19 Jul 2019 17:54 Govt plans to source up to Rs1T loans because Indian banks not in position to provide enough capital India's government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small firms, two officials said, …
  • Shaktikanta Das meets PSB heads, reiterates call for faster transmission 19 Jul 2019 17:48 Mumbai: Reserve Bank governor Shaktikanta Das Friday met the heads of public sector banks and reiterated his concerns over the "less-than-desired-level" of policy rate transmission by lenders. Acknowledging the "discernible improvements in …
  • Stocks Trending Higher Friday 19 Jul 2019 17:31 U.S. stocks advanced on Friday, with Health (up 18%), Commercial (up 11%) and Tech Services (up 9%) among the sectors with major gains. The Dow Jones Industrial Average gained 0.23% to 27,290, the S&P 500 index gained 0.15% to 2,999, and the Nasdaq …
  • This app offers 39 different types of vendor services 19 Jul 2019 17:03 EI Corporate Services has developed an Android-based app to tackle the vendor selection issues of companies. The app, which was under trial for the past one month, will go live on July 25 to cater to different types of service requirements, including …
  • Sensex falls to 2-month low on weak corporate results, FPI surcharge 19 Jul 2019 16:57 The benchmark indices on Friday dropped 1.5 per cent after the government refused to provide any relief to overseas investors on the higher tax surcharge announced in the Union Budget. Weak corporate earnings and a subdued outlook, particularly from …
  • Sanjay Mehta’s 100X.VC to invest in 100 start-ups 19 Jul 2019 16:29 Entrepreneur-turned-angel investor Sanjay Mehta, who has invested in over 130 start-ups, has launched a new venture capital fund, 100X.VC, and aims to invest in 100 early-stage start-ups over the next year. The new firm will invest ₹25 lakh to ₹1 crore in …
  • CPSE ETF follow-on offer oversubscribed 5 times, gets bids worth Rs 40,000 cr 19 Jul 2019 16:18 New Delhi, Jul 19 () The sixth tranche of CPSE ETF was lapped up by both institutional and retail investors who put in bids worth over Rs 40,000 crore, as against the base issue size of Rs 8,000 crore. "CPSE ETF FFO 5 oversubscribed by more than 5 …
  • China's local governments issued net $202 billion in special bonds in H1 19 Jul 2019 16:11 Reuters| Jul 19, 2019, 11.40 AM IST Agencies Beijing has announced a quota of 2.15 trillion yuan for local governments to sell special bonds this year to fund infrastructure projects, as policymakers try to shore up the slowing economy. BEIJING: China' …
  • CPSE ETF FFO subscribed 5 times, govt exercises green shoe option to raise Rs 11,500 crore 19 Jul 2019 16:10 New Delhi: The Rs 10,000-crore sixth tranche of the CPSE ETF was subscribed over five times on Friday, with institutional and retail investors putting in bids worth Rs 40,000 crore till 5 pm. "The government exercised the green shoe option taking the …
  • Budget done, over to the RBI now 19 Jul 2019 16:04 'Overall, the Budget has a good script and outlined a dream to reach a $5 trillion economy, buoyed not only by domestic consumption but also by exports. 'The burden of lifting the growth and igniting the animal spirit seems to be on RBI now. ' …
  • India's L&T Finance Holdings June-Qtr Consol Net Profit Rises 19 Jul 2019 15:47 Oct 24 (Reuters) - L&T Finance Holdings Ltd ::SEPT QUARTER CONSOL NET PROFIT 5.60 BILLION RUPEES VERSUS PROFIT OF 3.38 BILLION RUPEES LAST YEAR.SEPT QUARTER CONSOL REVENUE FROM OPERATIONS 28.27 BILLION RUPEES VERSUS 22.60 BILLION RUPEES LAST YEAR.SEPT …
  • US Stock Market Advances Thursday 19 Jul 2019 15:41 U.S. stocks advanced on Thursday, ahead of many companies reporting financial results, such as Netflix (NFLX), Morgan Stanley (MS), IBM (NYSE:IBM), eBay (NASDAQ:EBAY), SAP (NYSE:SAP) and Alcoa (NYSE:AA). The Dow Jones Industrial Average gained 0.01% to 27, …
  • U.S. Personal Finance Software Market 2019 - Global Industry Analysis & Future Growth Prospects to 2026 19 Jul 2019 15:36 Jul 19, 2019 (Hitech News Daily via COMTEX) -- The U.S. personal finance software market was valued at $232 million in 2018 and is expected to reach $343 million by 2026, registering a CAGR of 5% from 2019 to 2026. Personal finance software is a solution, …
  • Toronto's astonishing growth: Will it matter to Buffalo? 19 Jul 2019 15:20 TORONTO – The city announces itself through traffic long before the heightened skyline glints into view, an early hint to northbound drivers that they’re approaching one of the fastest-growing cities in North America. Construction cranes cast jagged …
  • Capital Quotient launches app for MSME workforce 19 Jul 2019 15:19 The app called Siply, aims to provide financial security to workers below the provident fund threshold. ET Online| Updated: Jul 19, 2019, 02.21 PM IST ThinkStock Photos The company provides a full stack service covering 20 asset classes including Mutual …
  • No GST on gems meant for exhibitions abroad 19 Jul 2019 15:10 The gems and jewellery industry has heaved a sigh of relief, as the finance ministry has announced no IGST will be levied on gem and jewellery carried outside of the country for exhibition purpose. Till now, gem & jewellery which was being carried …
  • Islamic ponzi scam mastermind detained over half-billion dollar fraud 19 Jul 2019 15:07 Mohamm­ed Mansoo­r Khan was detain­ed at New Delhi airpor­t upon his return from Dubai STOCK IMAGE NEW DELHI: An influential businessman was arrested by Indian police Friday over a half-billion dollar ponzi scheme that allegedly defrauded tens of thousands …
  • CPSE ETF follow-on fund offer oversubscribed, investors put in bids worth Rs 25,000 cr so far 19 Jul 2019 14:36 New Delhi, Jul 19 () The sixth tranche of CPSE ETF has been subscribed over two times, with institutional and retail investors together putting in bids worth about Rs 25,000 crore so far. The government is looking to raise up to Rs 10,000 crore through the …
  • Jet Airways' lenders approve interim finance plan for the carrier 19 Jul 2019 14:29 FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo MUMBAI (Reuters) - Lenders to Jet Airways (JET.NS) agreed on Friday …
  • The IMF Takeover of Pakistan 19 Jul 2019 13:59 On July 3, the International Monetary Fund approved a $6 billion bailout package to help “return sustainable growth” to Pakistan’s economy. Throughout the deal spanning 39 months, the IMF will review Pakistan’s progress on a quarterly basis. As part of the …
  • Govt wants foreign lenders to fund small firms 19 Jul 2019 13:57 By Aftab Ahmed and Devjyot Ghoshal NEW DELHI: India's government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small firms, two officials said, in a sign the country's banking system may not be …
  • REC raises USD 650 million via bonds 19 Jul 2019 13:48 New Delhi, Jul 19 () State-owned REC Friday said it has raised USD 650 million (Rs 4,450 crore) by issuing five-year REG S bonds in the international market under its global medium term programme of USD 5 billion. The proceeds will be used to finance power …
  • After Market: Biocon drops 9%, RIL 1%, HDFC AMC hits new record; 517 stocks hit 52-week lows 19 Jul 2019 13:45 NEW DELHI: Marking its second-biggest fall in Calendar 2019 so far, equity barometer Sensex ended with a deep 560 points, or 1.44 per cent, cut at 38,337 on Friday. Nifty finished 178 points, or 1.53 per cent, down at 11,419. There was a widespread selling …
  • IndiGo posts highest-ever quarterly profit in Q1 19 Jul 2019 13:45 IndiGo Friday announced a 43 times jump in its net profit on a robust operating performance benefiting also from the grounding of bankrupt airline Jet Airways. India's biggest airline by market share said its net profit soared to a record Rs 1,203 …
  • L&T Finance Q1 profit rises 2% YoY to Rs 549 crore 19 Jul 2019 13:45 Diversified non-banking financial company (NBFC) L&T Finance Holdings (LTFH) on Friday posted 2 per cent year-on-year growth in June quarter profit at Rs 549 crore compared with Rs 538 crore posted for the same quarter a year ago. Net interest margin …
  • TS govt aims to make state as ‘Blockchain Capital’ of country 19 Jul 2019 13:35 Hyderabad: Confederation of Indian Industry (CII), Telangana organized Blockchain Summit, with the theme ‘Demystifying the Opportunities & Applications of Blockchain’ here in Hyderabad.  The conference aimed at briefing industry on the applications of …
  • Bandhan Bank to open more branches in search of deposits 19 Jul 2019 13:34 KOLKATA: Private sector Bandhan Bank has beat market expectation in reporting 46% jump in net profit at Rs 701 crore while it continued to explore newer pockets for deposit mobilization. A 36% higher net interest income helped the lender offset the impact …
  • Sensex plunges 380 points, auto stock suffer the most 19 Jul 2019 13:01 Mumbai (Maharashtra) [India], July 19 (ANI): Equity benchmark indices plunged further in the afternoon on Friday with selling pressure across the board amid concerns over growth and earnings recovery. At 12:50 pm, the BSE SP Sensex was down 380 points at …
  • Bandhan Bank profit rises 45%; seeks to open 187 branches this year 19 Jul 2019 12:59 On the back of growth in the microfinance business, Bandhan Bank today reported a 45.44 per cent rise in net profit at Rs 701 crore in Q1FY20, against Rs 482 crore in the same period of the last financial year. The total loan book of the bank, which stood …
  • IL&FS crisis impact: Mutual fund holdings in CPs slump 25% 19 Jul 2019 12:28 Mutual fund holdings in commercial paper have declined 25 per cent since August 2018. The exposure in commercial paper stood at Rs 3.72 lakh crore as of June 30, 2019 against Rs 4.92 lakh crore on August 31 last year. The figure declined 13.69 per cent on …
  • Bandhan Bank net profit jumps 45 pc to Rs 701 cr in June quarter 19 Jul 2019 12:21 New Delhi, Jul 19 () Bandhan Bank Friday reported a jump of over 45 per cent in its net profit to Rs 701 crore in the first quarter ended June 30, on healthy core income. The Kolkata-based private sector lender had registered a net profit of Rs 482 crore …
  • India stocks lower at close of trade; Nifty 50 down 1.53% 19 Jul 2019 12:06 Investing.com – India stocks were lower after the close on Friday, as losses in the Auto, Banking and Green Energy sectors led shares lower. At the close in NSE, the Nifty 50 declined 1.53% to hit a new 1-month low, while the BSE Sensex 30 index fell 1.44% …
  • IIM-B to train senior bankers 19 Jul 2019 12:05 BCCL The Indian Institute of Management, Bengaluru Indian Institute of Management - Bangalore (IIM-B) has launched a programme for senior management of nationalised banks called Leadership Development p rogramme. Starting this year, for the next three …
  • iQuippo organises event on auction of interest rates 19 Jul 2019 12:05 iQuippo, a Kanoria Foundation initiative, organised a simulcast auction of interest rates for facilitating financing of infrastructure equipment. The auction christened 'Paison Ki Nilami' witnessed participation from more than 20 original equipment …
  • Dropped Amaravati project as Centre withdrew finance request: World Bank 19 Jul 2019 12:05 The World Bank on Friday said it 'dropped' the $300-million loan proposal for the Amaravati development project as the central government withdrew the financing request, triggering a blame game between the ruling YSRC and opposition TDP in Andhra …
  • Dollar Pares Losses, Gold Soars To New 6-Year Highs 19 Jul 2019 12:02 Overview: Comments underscoring the importance of acting preemptively by two Fed officials sent the U.S. dollar reeling and helped lift equities after the S&P 500 fell to a two and a half week low. The decline in rates and the U.S. shooting down of an …
  • REC raises $650 million in international bond market 19 Jul 2019 11:57 New Delhi: State-run REC Ltd. has raised $650 million by issuing bonds in the international market, the company said in a statement on Friday. “REC Limited has successfully raised $650 million ( ₹4,450 crore), 5-year bond from REG S Bonds under the …
  • World Bank pulls funding for new state capital in India after Delhi drops support 19 Jul 2019 11:57 NEW DELHI, July 19 (Reuters) - The World Bank said on Friday it had withdrawn $300 million of funding for a new capital in the south Indian state of Andhra Pradesh after the central government dropped support for the project. The Beijing-backed Asian …
  • Budget: I-T collection target 'too steep', say experts 19 Jul 2019 11:50 CBDT has been given a collection target of Rs 5.69 trillion in personal income tax in the fiscal year 2019-20 - 19.2 per cent more than the Rs 4.77-crore collection in the previous year. Illustration: Uttam Ghosh/Rediff.com The income tax collection …
  • AP’s 'capital dreams' in tatters? World Bank withdraws $ 300-million Amaravati loan 19 Jul 2019 11:42 Express News Service VIJAYAWADA: In what could be a major setback to Andhra Pradesh’s ‘capital dreams’, the World Bank has decided to withdraw its commitment to extend a loan of $300 million sought by Chandrababu Naidu’s TDP regime for the development of …
  • Equity indices close at 2-month low, auto stock suffer amid grow 19 Jul 2019 11:36 Mumbai: Equity benchmark indices extended losses in the afternoon trade on Friday with selling pressure across the board amid concerns over growth and earnings recovery. Investors said the pressure built up quickly a day after Finance Minister Nirmala …
  • Sensex logs 2nd biggest fall of 2019, Nifty at 11,419 19 Jul 2019 11:34 NEW DELHI: Equity benchmark indices Sensex and Nifty extended their decline for the 2nd day on Friday as markets witnessed a sharp sell-off aided by auto, NBFC and PSU bank stocks. Analysts said that disappointing earnings and reports of slowing economic …
  • Stick to roster duties in Parliament: PM Modi turns tough on ministers 19 Jul 2019 11:26 Image Source : Stick to roster duties in Parliament: PM Modi turns tough on ministers Prime Minister Narendra Modi, who has often pulled up BJP MPs for absenteeism during Parliament sessions, on Tuesday cautioned Union ministers against skipping their …
  • With no respite for FPIs, Sensex nosedives 560 pts 19 Jul 2019 11:20 Mumbai, July 19 (IANS) As the government swept aside any scope of revoking or tweaking the tax on “super-rich” adversely affecting a chunk of FPIs, a major driver of Indian stock market, Sensex on Friday slumped over 560 points. “Fear of further outflow of …
  • Sensex, Nifty Tumble On Waning Risk Appetite 19 Jul 2019 11:19 Indian shares slumped on Friday, with earnings woes, concerns over rising capital outflows and volatility in oil prices keeping investors nervous. The Finance Bill for current financial year was passed in the Lok Sabha without any amendments, suggesting …
  • India’s policy must respond to Changing Aspirations and Dynamics within Nepal 19 Jul 2019 11:07 Image credit: Civilsdaily  Dr. Manoj Kumar Mishra 19 July 2019    The Indian government under Prime Minister Narendra Modi’s leadership was quick to underline the importance of the South Asian neighborhood since it came to power for the first time in 2014. …
  • Sensex plunges over 550 points, Nifty below 11,500 19 Jul 2019 10:56 The benchmark BSE Sensex surrendered all gains to end at 560.041 points or 1.44 per cent lower at 38,337.01. Mumbai: Extending losses for the second consecutive session, market benchmark BSE Sensex plunged 560 points Friday after the government thwarted …
  • World Bank Drops $300 Million Amaravati Loan After Complaints 19 Jul 2019 10:52 The World Bank has dropped the loan for the Amaravati Sustainable Capital City 'Development Project. Hyderabad: A proposed loan worth $300 million or about Rs 2,000 crore for Andhra Pradesh's new capital Amaravati has been dropped by the World Bank …
  • Share market update: Sugar stocks slump; Piccadily Agro Industries slips 8% 19 Jul 2019 09:28 NEW DELHI: Most sugar stocks were trading lower in Friday's afternoon session. Shares of Piccadily Agro Industries (down 7.83 per cent), Magadh Sugar (down 5 per cent), Indian Sucrose (down 4.80 per cent), Dharani Sugars & Chemicals (down 4.15 per …
  • FDs of Small Finance Banks vs Commercial Banks: Which one should you go for? 19 Jul 2019 09:03 SFBs are giving interest rate up to nine per cent on their regular FDs and offering 9.5 per cent in case of senior citizen FDs. Mumbai: Small Finance Banks (SFBs) offer more interest on Fixed Deposits than commercial banks. In reality, a few of the SFBs …
  • Nirbaya Fund: 1,023 Fast Courts set up across India 19 Jul 2019 08:58 New Delhi: The Central government has set up one-stop centres in 33 states and Union territories, with an additional 1,023 fast track courts under the Nirbhaya Fund along with providing Rs 2,250 crore under 29 programmed to Ensure Women Safety in India …
  • Share market update: Nifty Financial Services index dips; Bajaj Finance slips 5% 19 Jul 2019 08:17 NEW DELHI: The Nifty Financial Services index was down with its components trading lower in Friday's afternoon session. Shares of Bajaj Finance (down 4.84 per cent), Cholamandalam Investment & Finance Company (down 4.03 per cent), Bajaj Finserv ( …
  • Share market update: Cement stocks under pressure; Visaka Industries falls over 6% 19 Jul 2019 08:17 NEW DELHI: Most cement stocks were trading in the red in Friday's afternoon session. Shares of Visaka Industries (down 6.60 per cent), HIL (down 6.47 per cent), Andhra Cements (down 4.76 per cent), Burnpur Cement (down 4.61 per cent), Indian Hume Pipe …
  • Sensex tanks 500 pts on FPI worries, Fed U-turn on rate cut prospects 19 Jul 2019 08:16 NEW DELHI: Benchmark equity indices took a beating on Friday led by a sharp drop in banking and NBFC stocks, a day after ADB lowered India's growth forecast for this financial year to 7 per cent. The market had a strong start to the day amid strong …
  • MSME Schemes: Modernizing your business through Credit Linked Capital Subsidy Scheme for Technology Upgradation 19 Jul 2019 07:56 Run by: DCE MSME Applicable to: Existing and new MSMEs belonging to Small Scale Industries (SSI) Technology is an essential component of every successful business. Until and unless manufacturing is aided by technology, the product does not meet the …
  • Amit Shah to head panel on Air India disinvestment 19 Jul 2019 07:25 NEW DELHI: The government on Thursday reconstituted a group of ministers tasked with working out the modalities for sale of Air India. The GoM, called the Air India Specific Alternative Mechanism, will now be headed by home minister Amit Shah and comprise …
  • Stock market update: 263 stocks hit 52-week lows on NSE 19 Jul 2019 07:23 NEW DELHI: Around 263 stocks fell to touch their 52-week lows on NSE in Friday's session. Among the stocks that touched their 52-week lows were Accelya Solutions India, Andhra Bank, Bajaj Consumer Care, Aurobindo Pharma, Bosch, Bal Pharma, Central Bank …
  • Top intraday trading ideas for afternoon trade on Friday, July 19, 2019 19 Jul 2019 07:23 Bank of Baroda is a 'Sell' call with a target price of Rs 113 and a stop loss of Rs 122. ETMarkets.com| Jul 19, 2019, 11.21 AM IST ThinkStock Photos Motherson Sumi is a 'Sell' call with a target price of Rs 106 and a stop loss of Rs 119. …
  • AIIB, ADB and IFC may join India's credit enhancement SPV as partners 19 Jul 2019 06:51 New Delhi: China-backed Asian Infrastructure Investment Bank (AIIB) along with international financial institutions Asian Development Bank (ADB) and International Finance Corporation (IFC) may join India's proposed credit enhancement corporation, the …
  • India Stocks Fall as Super-Rich Tax on Foreign Fund Trusts Stays 19 Jul 2019 06:31 (Bloomberg) -- India stocks fell on disappointment that the government didn’t offer any respite to foreign investors registered as trusts from the proposed super-rich tax. The S&P BSE Sensex dropped 0.5% to 38,711.16 as of 10 a.m. in Mumbai after …
  • Negative-yield ‘quicksand’ risks trapping even the US bond market 19 Jul 2019 06:00 The world’s almost $13 trillion pile of negative-yielding bonds is looking like “quicksand” that risks engulfing much of the fixed-income universe, including the US, says JPMorgan Chase & Co’s Jan Loeys. The prospect of Treasury yields dropping to zero …
  • Rhinos come to bond market, other species may follow 19 Jul 2019 06:00 The planned sale of a rhino impact bond, aimed at growing the population of the endangered black rhino, is seen by its backers as a test for the creation of a conservation debt market that could be used for everything from protecting species facing …
  • Basmati rice drops 10% as sales hit on delayed pay 19 Jul 2019 06:00 New Delhi: Price of basmati rice has fallen 10 per cent in the past month, as delayed payment has hit sales to Iran and concerns over pesticide residue have hurt exports to Europe, exporters said. Iran buys a quarter of India’s annual basmati exports of 4- …
  • Instant coffee exports slow down on low output 19 Jul 2019 06:00 Kochi: A nearly 40 per cent slump in the production of robusta coffee has hit instant coffee exports, which were growing steadily for the past few years. Robusta crop is the mainstay of instant coffee. Scarcity has made Indian beans costlier than overseas …
  • Inclement weather likely to cut soyabean, pulses output 19 Jul 2019 06:00 Pune: Delayed onset of monsoon rainfall and prolonged dry spell in rainfed areas having tender standing crop have cast concerns over production of kharif crops such as soyabean, moong and urad in the country. India has already stepped up imports of maize …
  • ET Startup Awards 2019: Nominees for the 'Midas Touch' category 19 Jul 2019 05:39 Here are the shortlisted entrants for the 'Midas Touch' category in The Economic Times Startup Awards 2019. A high-profile jury will pick the winners from eight categories today. Mukul Arora Role: MD Investment firm: SAIF Partners Based: New Delhi …
  • Pranab Mukherjee: India will become $5 trillion economy thanks to foundation laid by previous govts 19 Jul 2019 05:31 Former President Pranab Mukherjee speaks on the topic of ‘Furthering India’s Promise’ during an event at Mavalankar Hall, in New Delhi, Thursday, July 18, 2019. (PTI Photo: Ravi Choudhary) Former president Pranab Mukherjee said on Thursday that India would …
  • Top10: How China, India may cost Trump's business 19 Jul 2019 05:01 Today marks 50 years since the nationalisation of 14 major commercial banks by the then government, headed by PM Indira Gandhi — an event that sought to underline the power of the State to take over any company or industry it deemed important, to serve a …
  • Buzzing stocks: YES Bank, ACC, HDFC, Infosys, Maruti Suzuki 19 Jul 2019 05:01 NEW DELHI: YES Bank with over 0.39 crore shares changing hands was leading among the most traded stocks on NSE on Friday. Shares of Karuturi Global (number of shares traded: 0.21 crore), Ballarpur Industries (number of shares traded: 0.11 crore), Vodafone …
  • Govt may revisit restrictions on issuance of DVRs 19 Jul 2019 05:00 New Delhi: The government will review restrictions on shares with differential voting rights (DVRs) in the Companies Act to make it easier for promoters of startups to raise equity capital without losing control. In particular, the government will …
  • Sensex drops 200 points, Nifty tests 11,550 ahead of RIL Q1 numbers 19 Jul 2019 04:59 NEW DELHI: Indian equity benchmarks Sensex and Nifty opened in the green on Friday, tracking positive global cues, but soon pared gains to trade in the negative zone. Participants said uninspiring quarterly earnings, concerns of a slowdown in the economy …
  • Grants only if states adopt procedures, says R K Singh 19 Jul 2019 04:42 Power and renewable energy minister R K Singh said the government will usher in a wave of reforms with policy and regulatory interventions to create a viable power sector for investors and consumers. In an interview with Himangshu Watts and Sarita Singh, …
  • View: Modi should starve India's state banks, not celebrate them 19 Jul 2019 04:42 by Mihir Sharma Fifty years ago, India took a wrong turn leftward from which it is yet to recover: On July 19, 1969, the government took over the banking system, nationalizing 14 banks which together controlled 85% of bank deposits. Today, even after a …
  • Netflix’s Next Big Market Is Already Crowded With Cheaper Rivals - Yahoo Finance 19 Jul 2019 04:17 (Bloomberg) -- Netflix Inc., whose shares plunged after it reported the worst drop in U.S. users since 2011, is looking for new subscriber growth in India, a rapidly expanding streaming market. Trouble is, so are a raft of ambitious local players with cut- …
  • Indian law firms agree to open doors for foreign peers 19 Jul 2019 04:06 The Society of Indian Law Firms (SILF) has recommended to the government that foreign law firms be allowed into India in four phases, marking a reversal in position that could lead to the bar being lifted. However, the group is still opposed to the Big …
  • FM sticks to proposals, no relief to FPIs in trust form 19 Jul 2019 03:34 NEW DELHI: Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structured as trusts that they be exempted from a higher surcharge. She said they should adopt a company …
  • Difficult to enforce new public holding rule: Sebi 19 Jul 2019 03:34 The Securities and Exchange Board of India (Sebi) has told the government that recent budget proposals could undermine its role as regulator, particularly with respect to the recommendation that the minimum public shareholding be raised to 35 per cent from …
  • Few options to raise funds, Yes Bank’s caught in a bind 19 Jul 2019 03:34 A sharp rise in slippages, weak capital position and soft growth have limited Yes Bank’s options to raise money and forced analysts to take a relook at their guidance for private bank, prompting another sell-off in the bank’s stock losing close to 13 per …
  • Stocks in the news: RIL, IndiGo, YES Bank, Mindtree, ACC and Jet Airways 19 Jul 2019 03:33 NEW DELHI: Nifty futures on the Singapore Exchange were trading 40.50 points, or 0.35 per cent, higher at 11,642.50, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade: IndiGo: Under the cloud of …
  • Mughal Road Highway, Subject To DPR: GoI 19 Jul 2019 03:26 SRINAGAR — The Mughal road, connecting the twin districts of Poonch and Rajouri in Jammu region with south Kashmir's Shopian, is approved as “in-Principle” as National Highway but “subjected to outcome of Detailed Project Report”, government of India …
  • Highway Ban—Cops Didn’t Allow Me To Take Father's Body To Srinagar:Official   19 Jul 2019 03:26 SRINAGAR — A senior government official on Thursday alleged that he was stopped from carrying his father's dead body to Srinagar and made to wait for several hours. Imtiyaz Wani, director of finance in J&K, took to Facebook to state his ordeal. …
  • Gadkari out, Shah to head Air India panel 18 Jul 2019 23:35 Amit Shah will head a reconstituted group of ministers on Air India disinvestment while road transport minister Nitin Gadkari has been dropped from the panel, sources said. The panel, which is to work out the modalities for sale of Air India, will now have …