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Pokemon Cards Sold For Over $1,00,000 In An Online Auction

Sat, 17 Aug 2019 17:21:58 +0530

Collectible items are a good form of investment as they grow in value with time. The craze for sports and other entertainment memorabilia is especially strong in the US. Recently, Goldin Auctions, which specializes sports memorabilia auctions, listed a complete set

SEBI Provides Clarity On Rules For MF Investing In Short Term Bank Deposits

Sat, 17 Aug 2019 15:36:16 +0530

In a circular dated 16 August, the Securities and Exchange Board of India (SEBI) provided clarification on investments of banks in mutual fund schemes that have parked money in the lender's short-term deposits (STD). The circular, titled "Parking of funds

SpiceJet To Introduce 12 New Domestic Flights From October

Sat, 17 Aug 2019 13:01:35 +0530

On Friday, SpiceJet said that it will launch 12 new domestic flights with effect from the first week of October 2019. The Indian budget passenger carrier said that all the new flights will fly on a daily basis and all these

Nifty May Trade In A Range Next Week

Sat, 17 Aug 2019 12:43:37 +0530

It was the fifth weekly decline for the markets in six weeks, with the Sensex losing around 0.62 per cent this week, while the Nifty closed lower by 0.62 per cent. The week was also a truncated one as well with

TRAI To Review Rules Of TV Channel Pricing After Multiple Complaints

Sat, 17 Aug 2019 12:26:26 +0530

The Telecom Regulatory Authority of India (TRAI) will be reviewing the tariff regime on TV channel subscriptions, introduced 8 months ago. Viewers have complained to the regulatory body that the new rules have caused an increase in their monthly cable/DTH bills

Amid India-Pakistan Tensions, Thar Link Express Connecting To Karachi, Suspended

Fri, 16 Aug 2019 22:39:38 +0530

The Indian Railways has temporary cancelled services of Thar Link Express that helps commuters from India connect to Karachi in Pakistan. The suspension of services were on account of a temporary snap of all rail links between the two countries, following

Ujjivan Small Finance Bank Files For IPO

Fri, 16 Aug 2019 21:52:39 +0530

Ujjivan Small Finance Bank has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an inital public offering (IPO) to raise Rs 1,200 crore. In a BSE Filing on Friday, Ujjivan Financial Services

IRDAI Warns Of Fake Website That Sells Insurance

Fri, 16 Aug 2019 16:01:00 +0530

The Insurance and Regulatory Board of India (IRDAI) recently issued a notice warning the public of a fake IRDAI website that sells insurance policies. The regulatory body alerted the public to not purchase policies from "" and also clarified that it

Income Tax Notices Without Identification Number To Be Soon Treated As Invalid

Fri, 16 Aug 2019 14:42:30 +0530

All notices, orders or summons issued by Income Tax officials, from 1 October, will include a computer-generated Document Identification Number (DIN). In a recent press release, the Central Board of Direct Taxes (CBDT) informed of this move and is hoped to

Some Good Reasons To Invest In The Stock Market \"Now\"

Fri, 16 Aug 2019 11:27:02 +0530

"You cannot have good news and good stock prices". One may have heard this phrase quite often. Today, as the markets have turned sluggish, losing around 8 per cent from peaks, you have bad news and good stock prices. However, when

Gold Prices Remain High On Conflicting US-China Trade War Messages

Fri, 16 Aug 2019 11:04:33 +0530

Gold prices in India may have lost some steam after hitting record highs recently, however, they remained high on Friday, mirroring international trends. Gold futures (October 2019) on MCX were trading 0.13 percent higher at Rs 38,212/10 grams, close to its

IDBI Bank Shares Hit 16-Year Low As They React To Poor Q1 Results

Fri, 16 Aug 2019 10:16:32 +0530

Shares of IDBI Bank fell nearly 12 percent on Friday morning to touch an intraday low of Rs 23.95 each, the lowest since May 2003. The public sector lender reported its financial results for the first quarter (April-June) on Wednesday, after

Markets Open Lower; IndiaBulls Housing Tanks On Ratings Downgrade

Fri, 16 Aug 2019 09:29:23 +0530

Benchmark indices were trading lower, reacting to cues of Thursday, wherein, Indian markets were closed for a holiday. The Sensex was trading with losses of 240  points, while the Nifty lost 77 points in trade. Leading the set of losers was

7 Stocks To Watch In Trade Today

Fri, 16 Aug 2019 07:01:35 +0530

Markets are likely to open lower, as global markets fell in the last two trading sessions and Indian markets did not reflect that fall, due to the fact that they were closed for Independence Day. The SGX Nifty was indicating a

ICICI Bank Revises FD Interest Rates

Wed, 14 Aug 2019 16:55:03 +0530

One of the leading private sector banks in the country revised its interest rates on fixed deposit (FD) rates on Wednesday. ICICI Bank offers term deposit provision for short as well as long term. One can make a deposit for a

Coffee Day To Sell Its Bengaluru Tech Park To New York’s Blackstone

Wed, 14 Aug 2019 16:30:13 +0530

Coffee Day Enterprises has signed a non-binding agreement with giant private equity firm Blackstone Group based in New York City for its technology park-Global Village Tech Park in Bengaluru. The deal is valued at Rs 2,600-3,000 crore, according to the company's

Rupee Becomes Worst Performer In Asia In August: Here's Why

Wed, 14 Aug 2019 15:55:43 +0530

According to Bloomberg, the Indian rupee has slumped more than 3.6 percent against the US dollar this month, making it the worst performer among its Asian peers so far. Experts say that the decline is a reflection of the currency volatility

Nifty Closes Above 11,000, Pharma Stocks Slide

Wed, 14 Aug 2019 15:54:10 +0530

Benchmark indices taking cues from a set of positive global and domestic developments recovered in trade today. The US President Donald Trump backed off additional 10% trade tariff imposition on some of Chinese goods on the one hand and benign July

Wholesale Inflation In July Cools Down To The Lowest In Over 2 Years

Wed, 14 Aug 2019 13:55:03 +0530

Wholesale price index (WPI), the measure inflation on wholesale prices, fell to 1.08 percent in July, the lowest in 25 months, on account of lower fuel and food prices, government data on Wednesday showed. It was 2.02 percent in June and

Hathway Cable, DEN Shares Climb On RIL's Jio GigaFiber Broadband Offering

Wed, 14 Aug 2019 11:51:01 +0530

In intra-day trade on Wednesday, shares of Hathway Cable and Datacom Ltd and Den Networks Ltd surged by as much as 15.6% and 7%, respectively. This is after RIL in its AGM on Monday announced the commercial launch of its Gigafiber

DDA To Launch An Online Scheme To Sell Shops In Delhi

Wed, 14 Aug 2019 10:36:17 +0530

On Tuesday, the Delhi Development Authority (DDA) approved a proposal to launch an online running scheme to sell 225 commercial built-up properties on a first-come-first-serve basis. "The authority approved the proposal for launching an online running scheme for 225 commercial built-up

Canara Bank Increase FD Rate For Select Maturities

Wed, 14 Aug 2019 10:34:48 +0530

With effect from August 9, the state-run Canara Bank has revised FD rates of select maturities with deposits less than Rs. 2 crore. Here is a list of newly revised rates: FD tenure Previous rates (in

China’s Industrial Output For July Grows At The Slowest Pace In 17 Years

Wed, 14 Aug 2019 09:45:59 +0530

Official data released on Wednesday showed that China's industrial output in July grew at 4.8 percent when compared to the same month a year ago. It is the slowest growth recorded since February 2002. The slower than expected growth is a

Markets Trade Higher; HDFC Life Drops 6%

Wed, 14 Aug 2019 09:47:48 +0530

Benchmark indices opened the day higher led by gains in Reliance Industries, HDFC and HDFC Bank. The Sensex was trading with gains of 138 points, while the Nifty rallied 42 points in trade. Reliance Industries continued to move higher and was

Rupee Opens Higher At 71

Wed, 14 Aug 2019 09:18:31 +0530

Rupee in Wednesday's trade opened higher by 39 paise at 71 after setting at 71.39 per US dollar in the previous session. The rupee came under pressure on Tuesday and slumped to a 6-month low of 71.40 against the greenback

July CPI Inflation Eases To 3.15%

Tue, 13 Aug 2019 18:30:55 +0530

The Central Statistics Office (CSO) in its latest price data revealed that retail inflation for the month of July stood at 3.15%, which is well within the RBI's 4% target level. June CPI inflation stood at 3.18% while it was 4.17%

No Place To Hide As Investors Dump Bluechip Stocks

Tue, 13 Aug 2019 17:05:19 +0530

Seldom do you see an HDFC falling 5 per cent in trade, like it did today. The shares are a favorite of Foreign Portfolio Investors, where their shareholding is the maximum, as compared to any other stock. On Tuesday, they dumped

Sun Pharma Q1 Profit Surges 31% YoY Even As Margins Contract

Tue, 13 Aug 2019 16:15:00 +0530

Sun Pharmaceuticals reported a 31.2% y-o-y jump in net profit for the quarter ended June at Rs. 1,338 crore even as its margins took a hit. The revenue of the largest Indian drug manufacturing company came in at Rs. 8,374 crore,

US Visa, Green Card Seekers Half Of Your Applications May Be Rejected

Tue, 13 Aug 2019 15:33:25 +0530

In the previous instance, the Trump administration revoked the 7% country-cap norm for green card applicants and now in yet another rejig has announced new set of rules that could affect individuals applying for permanent residencies and visas to the US.

Gold Prices Cross Rs 39,000-Mark

Tue, 13 Aug 2019 15:21:17 +0530

Gold prices continue their relentless climb surging past Rs 39,000 per 10 grams of 24 carats in some Indian cities on Tuesday. In jewellery stores based in Chennai, the metal was priced at Rs 39,490 on Tuesday, while in Delhi the