Equity inflows drop but SIP figures at all-time high; what should you do?
Net inflows into equity mutual funds, including closed-ended schemes, stood at a Rs 933 crore while investment through SIPs saw a strong momentum at Rs 8,273 crore.
Posted on 12 December 2019 | 10:30 am
‘No one can take away your rights’, PM Modi assures people of Assam on Citizenship (Amendment) Bill
PM Modi#39;s statement comes a day after Rajya Sabha passed the contentious Citizenship (Amendment) Bill and amid massive protests against it in the Northeast
Posted on 12 December 2019 | 10:22 am
Gold prices are expected to trade sideways today: Angel Broking
According to Angel Broking, On Wednesday, spot gold prices rose marginally higher by 0.74 percent to close at $1474.8 per ounce. the yellow metal prices were supported after the U.S. Dollar dipped as the U.S. Federal Reserve kept the interest rates steady.
Posted on 12 December 2019 | 10:15 am
2020 Mercedes-AMG GLA 35 4Matic debuts with 310PS and 400Nm
2020 Mercedes-AMG GLA 35 4Matic debuts with 310PS and 400Nm
Posted on 12 December 2019 | 10:14 am
Robust listing: Ujjivan Small Finance Bank debuts with 56% premium at Rs 58
The premium was warranted considering the tremendous response to the Rs 750-crore public issue and improvement in earnings and asset quality in April-Sept quarter.
Posted on 12 December 2019 | 10:00 am
Cipla share price up 2% after associate firm submits application to USFDA for IV tramadol
Intravenous tramadol is used for managing moderate to moderately severe pain in adults.
Posted on 12 December 2019 | 9:51 am
EURINR is expected to move sideways: Angel Broking
According to Angel Broking, EURUSD appreciated by 0.32 percent yesterday while EURINR appreciated by 0.1 percent the same time frame.
Posted on 12 December 2019 | 9:45 am
Prakash Industries up 5% on winning bid for a coal mine
Availability of coal from the Bhaskarpara coal mine will substantially enhance the operating margins of the company.
Posted on 12 December 2019 | 9:44 am
Twitter plans to build #39;decentralized standard#39; for social networks
The system, or "standard," would not be owned by any single private company, Dorsey said, and would enable individuals to use a variety of services to access the same network, just like they choose different email providers to see the same messages.
Posted on 12 December 2019 | 9:43 am
BoJ deputy governor warns of risks, signals easy policy bias
Masayoshi Amamiya, a career central banker who is one of the BOJ#39;s two deputy governors, said the global economy was showing some bright signs as demand for semi-conductors recovered and stimulus measures taken by some countries propped up growth.
Posted on 12 December 2019 | 9:40 am
Passage of Citizenship Bill a victory for nation: Goa CM Pramod Sawant
Sawant said it is an occasion to celebrate for the religiously persecuted refugees from Pakistan, Bangladesh amd Afghanistan.
Posted on 12 December 2019 | 9:10 am
Top buy and sell ideas by Sudarshan Sukhani, Ashwani Gujral, Prakash Gaba for short term
Prakash Gaba of prakashgaba.com advises buying DLF with a stop loss of Rs 220 and target of Rs 240.
Posted on 12 December 2019 | 9:05 am
Rupee trades higher at 70.67 per dollar
The rupee added 7 paise to end at a fresh one-month high of 70.85 against the US dollar on December 11 on the back of firm domestic equities and easing crude oil prices.
Posted on 12 December 2019 | 9:00 am
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Social security bill | Differential EPF rates may boost take-home pay, rejig in gratuity rule proposed
The bill allows the government to notify sectors where a lower/differential EPF rate of contribution can be applicable
Posted on 12 December 2019 | 8:57 am
Social security bill | Differential EPF rates may boost take-home pay, rejig in gratuity rule proposed
The bill allows the government to notify sectors where a lower/differential EPF rate of contribution can be applicable
Posted on 12 December 2019 | 8:57 am
Rajasthan govt will launch farmer welfare fund of Rs 1,000cr on December 17
The government will also start its much ambitious #39;Janta Clinic scheme#39; On December 18 in Jaipur.
Posted on 12 December 2019 | 8:50 am
Not worried over slow rate of GDP growth: Pranab Mukherjee
Mukherjee, who also served as the finance minister in the UPA government, further said there is nothing wrong in public sector banks needing capital infusion.
Posted on 12 December 2019 | 8:47 am
Economic slowdown not a spanner in pay packages of CEOs: Report
As many as 146 CEOs made at least Rs 7 crore ($1 million approx.) in 2019, compared to 124 in 2018 – the best growth in numbers over the past four years.
Posted on 11 December 2019 | 1:53 pm
Onion prices may drop by 50% in the next 2 weeks: Report
At Lasalgoan market, onions were trading at Rs 41 per kg on December 10 compared with Rs 71 on December 7.
Posted on 11 December 2019 | 1:49 pm
Centre#39;s FY20 fiscal deficit target may touch 3.5-3.8%: Report
As of October-end, the fiscal deficit stood at 102.4 percent of this target. To achieve the 3.3 percent target, nominal GDP has to grow at 12 percent of GDP, a tough ask given that GDP growth in Q2 came in at 6 percent
Posted on 11 December 2019 | 12:39 pm
Asian Development Bank trims India#39;s GDP growth forecast to 5.1% in FY20
In September, ADB forecast India#39;s GDP to grow 6.5 percent in 2019-20 and 7.2 percent in the year thereafter.
Posted on 11 December 2019 | 11:05 am
No need to worry: Anurag Thakur on reports of govt withdrawing Rs 2000 note
"This is the real worry (about demonetisation) which has surfaced now. I think that you should not worry about it," Thakur told Rajya Sabha replying to a question on government#39;s plan to withdraw Rs 2000 note in the future.
Posted on 10 December 2019 | 3:37 pm
YSRCP raises in Rajya Sabha delay in GST revenue loss compensation
During a special mention in Rajya Sabha, YSRCP member Vijaysai Reddy said Andhra Pradesh has been suffering the GST revenue loss since August this year. Revenue officials have calculated the state#39;s GST revenue loss at Rs 1,605 crore.
Posted on 10 December 2019 | 2:41 pm
TMC for rollback of Mudra scheme due to rising NPAs
The NPAs (non-performing assets) have been on a rise in public sector banks. The number of NPA accounts have increased from 17.99 lakh accounts in 2018 to 30.57 lakh accounts in just one year, he said.
Posted on 10 December 2019 | 1:20 pm
States must not delete ration card holders#39; names for lack of Aadhaar: Ram Vilas Paswan
Identification of beneficiaries in Fair Price Shops (FSPs) is done primarily on the basis of Aadhaar authentication through electronic Point of Sale (ePoS) mechanism.
Posted on 10 December 2019 | 1:01 pm
Centralisation of power in PMO not good for economy: Shiv Sena
The central government wants the finance minister and RBI governor under its control, an editorial in Sena mouthpiece #39;Saamana#39; claimed, adding that the present BJP-led dispensation is not ready to listen to economists as it considers the economy as a "share market gamble".
Posted on 10 December 2019 | 10:45 am
In Focus with Udayan Mukherjee | Can market maintain uptrend given weak macro environment?
CNBC-TV18 Consulting Editor Udayan Mukherjee talks about the breadth of the current market rally, which is driven mainly by global and institutional investors.
Posted on 10 December 2019 | 8:59 am
Currency in circulation rises to Rs 21 lakh cr as on Mar#39;19: Anurag Thakur
The value of total notes in circulation as at end of March 2019 stood at Rs 21,109 billion, Minister of State for Finance Anurag Singh Thakur said in a written reply in the Lok Sabha.
Posted on 9 December 2019 | 6:44 pm
5.91cr people enrolled under PMJJBY, 15.47cr under PMSBY
The minister said that for creating a universal social security system for all Indians, especially the poor and the under-privileged, Prime Minister Narendra Modi launched the two schemes in the insurance sector on pan-India basis on May 9, 2015 in Kolkata.
Posted on 9 December 2019 | 3:40 pm
Equity inflows drop but SIP figures at all-time high; what should you do?
Net inflows into equity mutual funds, including closed-ended schemes, stood at a Rs 933 crore while investment through SIPs saw a strong momentum at Rs 8,273 crore.
Posted on 12 December 2019 | 10:30 am
‘No one can take away your rights’, PM Modi assures people of Assam on Citizenship (Amendment) Bill
PM Modi#39;s statement comes a day after Rajya Sabha passed the contentious Citizenship (Amendment) Bill and amid massive protests against it in the Northeast
Posted on 12 December 2019 | 10:22 am
Gold prices are expected to trade sideways today: Angel Broking
According to Angel Broking, On Wednesday, spot gold prices rose marginally higher by 0.74 percent to close at $1474.8 per ounce. the yellow metal prices were supported after the U.S. Dollar dipped as the U.S. Federal Reserve kept the interest rates steady.
Posted on 12 December 2019 | 10:15 am
2020 Mercedes-AMG GLA 35 4Matic debuts with 310PS and 400Nm
2020 Mercedes-AMG GLA 35 4Matic debuts with 310PS and 400Nm
Posted on 12 December 2019 | 10:14 am
Robust listing: Ujjivan Small Finance Bank debuts with 56% premium at Rs 58
The premium was warranted considering the tremendous response to the Rs 750-crore public issue and improvement in earnings and asset quality in April-Sept quarter.
Posted on 12 December 2019 | 10:00 am
Cipla share price up 2% after associate firm submits application to USFDA for IV tramadol
Intravenous tramadol is used for managing moderate to moderately severe pain in adults.
Posted on 12 December 2019 | 9:51 am
EURINR is expected to move sideways: Angel Broking
According to Angel Broking, EURUSD appreciated by 0.32 percent yesterday while EURINR appreciated by 0.1 percent the same time frame.
Posted on 12 December 2019 | 9:45 am
Prakash Industries up 5% on winning bid for a coal mine
Availability of coal from the Bhaskarpara coal mine will substantially enhance the operating margins of the company.
Posted on 12 December 2019 | 9:44 am
Twitter plans to build #39;decentralized standard#39; for social networks
The system, or "standard," would not be owned by any single private company, Dorsey said, and would enable individuals to use a variety of services to access the same network, just like they choose different email providers to see the same messages.
Posted on 12 December 2019 | 9:43 am
BoJ deputy governor warns of risks, signals easy policy bias
Masayoshi Amamiya, a career central banker who is one of the BOJ#39;s two deputy governors, said the global economy was showing some bright signs as demand for semi-conductors recovered and stimulus measures taken by some countries propped up growth.
Posted on 12 December 2019 | 9:40 am
Passage of Citizenship Bill a victory for nation: Goa CM Pramod Sawant
Sawant said it is an occasion to celebrate for the religiously persecuted refugees from Pakistan, Bangladesh amd Afghanistan.
Posted on 12 December 2019 | 9:10 am
Top buy and sell ideas by Sudarshan Sukhani, Ashwani Gujral, Prakash Gaba for short term
Prakash Gaba of prakashgaba.com advises buying DLF with a stop loss of Rs 220 and target of Rs 240.
Posted on 12 December 2019 | 9:05 am
Rupee trades higher at 70.67 per dollar
The rupee added 7 paise to end at a fresh one-month high of 70.85 against the US dollar on December 11 on the back of firm domestic equities and easing crude oil prices.
Posted on 12 December 2019 | 9:00 am
Social security bill | Differential EPF rates may boost take-home pay, rejig in gratuity rule proposed
The bill allows the government to notify sectors where a lower/differential EPF rate of contribution can be applicable
Posted on 12 December 2019 | 8:57 am
At investors#39; meet, Mamata Banerjee seeks international flights for Kolkata
Speaking at the Bengal Business Conclave, she said the state has set up 26 helipads and also airports are coming up in several other places, including Malda and Baliurghat.
Posted on 12 December 2019 | 8:48 am
Recap 2019 | 481 deals worth $43.5 billion - Here are the biggest MAs signed this year
With 160 deals, the IT and ITes sectors were the busiest followed by manufacturing and healthcare (47).
Posted on 12 December 2019 | 7:49 am
McLaren looks to India to expand exotic car sales ahead of 2025 IPO
Pointing to the uncertainty towards Brexit, Flewitt said demand and sales of its carbon fibre and aluminium sportscars have been falling in UK which is its largest market.
Posted on 11 December 2019 | 10:22 pm
After year of living dangerously, Fed expected to signal time to lie low
The policy shift has slashed officials#39; forecast for the US central bank#39;s benchmark overnight lending rate over 2020 to a level half what it was when Fed Chairman Jerome Powell took the reins in February 2018.
Posted on 11 December 2019 | 10:15 pm
India#39;s fuel demand growth hits 23-month high in November
Although fuel consumption normally reflects industrial activity in India, industry officials linked the annual increase in November to a low base last year, when sales of the fuel plunged during the month due to the late falling of festivals.
Posted on 11 December 2019 | 9:55 pm
Dollar treads water as traders stare at event risk
The dollar index, which measures the greenback against six other major currencies, was up 0.02% at 97.433.
Posted on 11 December 2019 | 9:45 pm
Insurers can invest in debt ETFs subject to some conditions, says IRDAI
IRDAI said that debt ETFs with underlying debt securities of Central Public Sector Enterprises (CPSEs) proposed to be launched in India, will be eligible class of investment.
Posted on 11 December 2019 | 9:41 pm
MTNL seeks shareholders#39; nod for fundraising, monetisation of land buildings
The company would seek shareholders#39; approval for issue of non-convertible redeemable non-cumulative preference shares (NCRNCPS) on a private placement basis to the government towards payment of 4G spectrum cost.
Posted on 11 December 2019 | 9:32 pm
Bank of India eyes Rs 10,000 cr loan sales in special drive
The outreach programme is being conducted in 54 zones, comprising 5,000 branches.
Posted on 11 December 2019 | 9:26 pm
Dow hit by losses in Boeing, Home Depot; SP 500, Nasdaq edge higher
Three rate cuts earlier this year, a slightly calmer tone around US-China trade recently and some relief over corporate profits have helped push the SP 500 up 25% so far in 2019.
Posted on 11 December 2019 | 9:18 pm
Indian banks argue for UK court to declare Vijay Mallya bankrupt
Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya#39;s now-defunct Kingfisher Airlines.
Posted on 11 December 2019 | 9:10 pm
Gold futures rise marginally before Fed#39;s rate decision; retail price down Rs 26 to Rs 37,792 per 10 gram
The precious metal prices were further supported by the ambiguity surrounding the US tariffs on Chinese goods coming into effect from December 15 boosted the demand for safe-haven.
Posted on 11 December 2019 | 9:01 pm
Govt okays Rs 5,300 cr capital infusion into IIFCL via recap bonds in FY20; Rs 10k cr next fiscal
The cabinet has also approved increasing the authorised capital of India Infrastructure Finance Company Ltd (IIFCL) from Rs 6,000 crore to Rs 25,000 crore.
Posted on 11 December 2019 | 9:00 pm
Anand Mahindra says entering commuter 2-wheeler space was a mistake
Mahindra said they entered the two-wheeler market with the confidence to "win", on the back of having a strong understanding of the ecosystem, distribution, RD and also brand positioning.
Posted on 11 December 2019 | 8:34 pm
Walmart opens 28th wholesale store at Kurnool in AP
This is the company#39;s fifth store in Andhra with the others being at Rajamahendravaram, Guntur, Vijayawada and Visakhapatnam.
Posted on 11 December 2019 | 8:26 pm
