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Sensex Clocks Longest Losing Streak In Close To 8 Years

Tue, 19 Feb 2019 16:01:44 +0530

Despite opening slightly higher on Tuesday, the benchmark indices of the Indian stock markets turned bearish in the afternoon. It was the ninth consecutive session that the indices ended lower, marking the longest losing streak since May 2011. BSE's Sensex

Angel Tax Exemption On Start-Ups: All You Should Know

Tue, 19 Feb 2019 15:11:05 +0530

Angel tax is the tax at the rate of 30% levied on startups on external investments and entrepreneurs across the country were being served income tax notices on account it. But as a much needed relief, the Central Board of Direct

India Now Has The Worst Bad Loan Ratio Among The Top 10 Economies

Tue, 19 Feb 2019 15:00:21 +0530

India has surpassed Italy for having the worst non-performing loans ratio among the major economies in the world. According to a Bloomberg report, the Reserve Bank of India (RBI) in December said that the ratio for banks have fallen for the

Emami Shares Climb 15% On Stake Sale By Promoters To Pare Debt

Tue, 19 Feb 2019 13:45:46 +0530

Shares of Emami Ltd jumped as much as 15 percent to hit a high of Rs 409.30 on BSE. On NSE, the scrip touched an intra-day high of Rs 413.70 per share. The climb comes after the promoters of the company

Is Jet Airways Being Sold For 1 Rupee?

Tue, 19 Feb 2019 14:33:45 +0530

The loss-making Jet Airways is going to sell its majority stake for as less as one rupee as a part of the bailout plan. Here is a brief explanation of the complicated arrangement that will be voted upon on 21 February

Real Estate Shares Trade Higher After State Panel Suggest Uniform GST Rate

Tue, 19 Feb 2019 11:13:22 +0530

Shares of real estate companies traded higher in intra-day session on Tuesday after a state ministerial panel suggested levy of standard GST rate of 18% or 28% all across the industry. The final call shall however be taken in tomorrow's GST

Vande Bharat Express Tickets Sold Out For The Next 10 Days

Tue, 19 Feb 2019 10:57:23 +0530

Tickets to travel in the recently inaugurated fastest train in the country, Vande Bharat Express, has been sold out for the next 10 days according to a PTI report. It is the first ever locomotive less train in India that was

RBI Alerts Bank Customers On Data Theft Using ‘AnyDesk' App

Tue, 19 Feb 2019 10:40:04 +0530

As incidence of frauds are on the rise using UPI or Unified Payment Interface, the central bank has cautioned bankers and payment system operators about the latest mobile app named Anydesk i.e. being resorted to by scammers for targeting customers' mobile

RBI To Transfer Interim Surplus Of Rs. 28,000 Cr To Govt

Mon, 18 Feb 2019 22:46:24 +0530

At the customary post-budget meeting on Monday headed by the Finance Minister Arun Jaitley, the Reserve Bank of India (RBI) and the members of Ministry of Finance discussed the interim budget and economy of India. RBi Board after the meet has

Gold Trades Firm To Over Two-Week High On US-China Trade Deal Hopes

Mon, 18 Feb 2019 15:05:36 +0530

In the international market, gold prices firmed to over two-week high after the US dollar weakened on hopes of the likely US-China trade deal. Spot gold gained 0.1% to trade at $1,322.41 per ounce as of 0747 GMT. The

Crude Oil Prices & Kashmir Tensions Weigh On The Rupee

Mon, 18 Feb 2019 14:42:31 +0530

The Indian rupee was weighed down after crude prices hit their highest since November 2018 on Monday. Additionally, the tensions over Kashmir affected the sentiments of investors. After opening lower at 71.35/dollar in the morning session, the local currency hit an

Jaitley To Take A Call On Interim Dividend In Today's Post Budget Meet

Mon, 18 Feb 2019 13:21:50 +0530

Arun Jaitley who has taken over the Finance Ministry Office on Friday is scheduled to address the post-budget meet of the RBI's central bank on Monday. The minister will highlight the key announcements made in the Interim Budget 2019 by Piyush

NPS To Likely Become A Minimum Assured Return Product

Mon, 18 Feb 2019 13:01:52 +0530

The returns on the pension scheme National Pension System (NPS) are currently linked to the returns of the underlying instruments such as equity, debt or a mix of both. But the PFRDA, the institution managing the fund may soon allow its

DHFL Trades Higher On Reports Of Its Stake Sale Plan

Mon, 18 Feb 2019 10:32:25 +0530

Leading housing finance company DHFL surged in early morning trade by as much as 7.3% on reports that the company is in talks to sell 10% stake to Baring India, Hero Fincorp and Bain Capital for raising funds. At

Fresh Fruits, Cement To Be Mainly Affected From Duty Hike On Pakistani Imports

Mon, 18 Feb 2019 10:26:28 +0530

Following the imposition of 200 percent customs duty by the Indian government on products imported from Pakistan after the Pulwama terror attack, experts say that fresh fruits and cement would be among the top ten imported items to be affected. Among

Markets Trade Lower As Crude Plays Spoilsport

Mon, 18 Feb 2019 09:57:06 +0530

Benchmark indices opened the day lower once again in trade, after having closed six straight days with losses. The Nifty was trading with losses of 41 points, while the Sensex dropped 155 points in trade. Leading the set of losers were

Gold Is Becoming A Costly Affair in India

Sat, 16 Feb 2019 15:24:36 +0530

The gold which is also known as the yellow metal is one of the most sought out and favoured ones amongst the Indian community. The sheer love that Indians share with the ornamental metal dates back to centuries. Off

Is It A Good Time To Invest In Fixed Deposits?

Sat, 16 Feb 2019 14:58:39 +0530

On February 7, following the bi-annual monetary policy meet, the Reserve Bank of India (RBI) announced 25 basis points cut in repo rate to 6.25 percent. It is common understanding that the repo rate cut would mean cheaper loans but it

CBDT Notifies Deadline For Mandatory Aadhaar Linking To File Tax Returns

Sat, 16 Feb 2019 13:47:56 +0530

The Central Board of Direct Taxes (CBDT) has once again asked the individuals to link their Aadhaar to PAN for the purpose of filing income tax returns (ITR). The mandatory linking has to be completed by 31 March 2019. "Constitutional

Govt Panel Recommends To Hike National Minimum Wage To Rs 9,750 Per Month

Sat, 16 Feb 2019 12:35:40 +0530

An expert committee formed under the ministry of labour and employment has recommended a minimum national wage of Rs 9,750 per month, which comes up to Rs 375 per day. An additional housing allowance of Rs 1,430 a month for city

India's Trade Deficit Widens To $14.73 Billion In January

Sat, 16 Feb 2019 11:13:19 +0530

Data released by the Ministry of Commerce and Industry showed India's merchandise trade deficit had widened to $14.73 billion for the month of January 2019. The deficit was at $15.67 billion in January 2018 and $13.08 billion in December 2018.

Yes Bank Gets A Rap On \"No Divergence\" Report

Sat, 16 Feb 2019 10:38:28 +0530

The Reserve Bank of India has threatened action against Yes Bank for divulging information from the Risk Assessment Report and making selective disclosures. "As the RAR report was marked "confidential", it was expected that no part of the report and information

Markets Next Week: A Short Covering Rally Likely

Sat, 16 Feb 2019 10:35:05 +0530

It was a bad week for the markets, with the benchmark indices seeing their worst fall since late Oct, 2018.The Sensex dropped for the seventh straight day on Friday, as Foreign Portfolio Investors sold heavily. The benchmark Sensex lost 2.01 per

It Maybe Time For These Beaten Down Stocks To Rally

Sat, 16 Feb 2019 07:48:57 +0530

Earlier this week, as many as 400 stocks touched their 52-week lows including names like Vedanta IndiaBulls Housing, Mahindra and Mahindra, MRF etc. While the Sensex is at 35,600 points, several stocks are hitting their 52-week lows, as only heavyweight stocks

Now Get Discount On Your Indian Railways Reserved Ticket: This Is How

Fri, 15 Feb 2019 19:15:27 +0530

The national carrier Indian Railways spends Rs. 111 as against every Rs. 100 earned so given this scenario neither the behemoth in the past nor in the future is likely to offer any discounts on using its services. Nonetheless, if you

Bharat 22 ETF's Latest Issue Receives Overwhelming Response

Fri, 15 Feb 2019 17:34:30 +0530

The second offering of Bharat 22 Exchange Traded Fund (ETF) has been subscribed over 10 times. The ETFs have been an overwhelming success as the government has already raised Rs 37,700 crore through these offerings, making up for close to 50

Vande Bharat Express: PM Modi Inaugurates India's Fastest Train

Fri, 15 Feb 2019 16:16:06 +0530

On Friday, Prime Minister Narendra Modi launched the first semi-high speed train which has been named as the 'Vande Bharat Express.' The train was initially named 'Train 18' and will run between Delhi and Varanasi. The 16-coach train will run at

Page Industries Extends Opening Losses Despite Strong Q3 Earnings: Here's Why

Fri, 15 Feb 2019 13:33:36 +0530

The stock of Bengaluru based Page Industries, owner of the brand Jockey, is trading lower by over 7% on the NSE despite its strong set of quarterly results. Here is discussed the reason for the scrip's sharp fall: The scrip during

Arun Jaitley Likely To Take Charge Of Finance Ministry From Today

Fri, 15 Feb 2019 11:29:39 +0530

As per official sources, Union Minister Arun Jaitley is likely to take charge of the Finance Ministry on Friday, after returning from the US last week. On January 13, the minister left for New York for medical treatment after he was

Sugar Stocks Rise After Govt Increases Minimum Sale Price By 6.9%

Fri, 15 Feb 2019 10:58:40 +0530

Shares of sugar producing companies rose on Friday, a day after the government increased the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31. The decision will help the liquidity of the cash-strapped millers to clear