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Why Did Ujjivan Financial Shares Sink Despite Its Banking Unit’s IPO Plan?

44 minutes ago

Business / GoodReturns/ News All

Shares of Ujjivan Financial Services fell close to 8 percent on Monday even after its wholly-owned unit- Ujjivan Small Finance Bank filed for an IPO (initial public offering) with SEBI on Friday, to raise Rs 1,200 crore. While such a news is..

How Is Income From Sale Of Inherited Gold Taxed In India?

3 hours ago

Business / GoodReturns/ Personal Finance

With gold prices in India touching new highs, it is a good time to cash your gold assets. Some of you may be looking to sell jewellery, coins or bars inherited from your ancestors. In this article, we will look at..

Spandana Sphoorty Financial Falls 19%% Below IPO Price On Stock Market Listing

4 hours ago

Business / GoodReturns/ Business

Spandana Sphoorty Financial Ltd. makes a tepid listing at a discount of 3.6% at Rs. 825 per share on the NSE against its issue price of Rs. 856. In trade thereafter, the stock hit an intra-day low of Rs. 690 on..

Coffee Day Shares Jump On Reports Of Stake Sale, Reduced Debt

5 hours ago

Business / GoodReturns/ Business

Shares of Coffee Day Enterprises Ltd jumped 4.94 percent on Monday to trade at Rs 65.80 apiece. The gain comes after an Economic Times report, citing unnamed sources, said that the promoters of the Bengaluru-based group are planning to restart talks..

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

2 days ago

Business / GoodReturns/ Business

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..

Nifty May Trade In A Range Next Week

2 days ago

Business / GoodReturns/ Business

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..

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

2 days ago

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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..

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

3 days ago

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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..

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

3 days ago

Business / GoodReturns/ News All

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..

Markets Open Lower; IndiaBulls Housing Tanks On Ratings Downgrade

3 days ago

Business / GoodReturns/ News All

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..

Markets Open Higher In Early Trade; Tata Motors Surges

3 days ago

Business / GoodReturns/ Commentary

The key domestic benchmark indices opened higher in the morning trading session as optimism over Asia"s third biggest economy bolstered risk taking appetite. Markets opened on a positive note amid strong progress of the Southwest Monsoon, hopes of the passage..

Markets End Flat As Caution Prevails After Brexit

3 days ago

Business / GoodReturns/ Commentary

Amidst choppy trade, the Indian benchmark indices signed-off Monday"s trade with slim gain helped by strong buying across broader market as markets struggled to shake off Brexit that continues to roil trading sentiment at Dalal Street. Meanwhile, caution and..

Markets Remain Under Pressure: Tata Motors, Tata Steel Shares Plunge

3 days ago

Business / GoodReturns/ Commentary

The key domestic benchmark indices continued to trade in red in the afternoon trading session on Friday on account of sustained selling by funds and retail investors amid weak cues from the Asian markets, as EU referendum decisively favoured 'leave' campaign...

5 Equity Mutual Fund Schemes For Beginners To Invest

4 days ago

Business / GoodReturns/ Personal Finance

If you are a beginner to investing in mutual fund schemes, you should stick to mutual funds that invest in largecap stocks. Here the risk is comparatively lower, than the midcap and the small cap mutual fund schemes. However, there is..

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

4 days ago

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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..

5 Common Components Of Salary That Are Exempt From Income Tax

5 days ago

Business / GoodReturns/ Personal Finance

When you receive your salary payslip, you may have observed that your salary has a break-up of different components. These components include allowances that help with your day-to-day expenses and also give you the opportunity to save up on your tax..

DDA To Launch An Online Scheme To Sell Shops In Delhi

5 days ago

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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..

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

5 days ago

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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..

No Place To Hide As Investors Dump Bluechip Stocks

5 days ago

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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..

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

6 days ago

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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...

India’s Auto Sales Fell For The Ninth Consecutive Month In July

6 days ago

Business / GoodReturns/ Business

Worsening crisis in the auto-sector, the domestic passenger vehicle (PV) sales fell by 30.98 percent to 2,00,790 units in July, from 2,90,931 units in the month a year ago, according to data released by the Society of Indian Automobile Manufacturers (SIAM)..

2 Nifty Stocks That Jumped More Than 11% Today

6 days ago

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It's not too easy to find Nifty stocks that can rally over 10 per cent in a single day. However, the first day of trading for the week began with heavyweight Reliance Industries jumping 11 per cent, while IndiaBulls Housing surged..

Rupee Nears Six-Month Low; Weakens Past 71/Dollar

6 days ago

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On Tuesday, the Indian rupee fell past the 71-mark against the US dollar, to edge closer to its near six-month low. The decline was a reflection of losses seen by other Asian currencies due to political turmoil in Hong Kong, intensifying..

Only 2 Indians Among Top 50 Richest Persons Globally

6 days ago

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As per the Bloomberg Billionaires Index, only two Indians have featured in the bunch of top 50 richest persons globally. This may be surprising and can be a shock for Indian nationals but richest people around the world are struggling as..

Jio GigaFiber Broadband To Be Available From September 5 At Rs. 700/Month

7 days ago

Business / GoodReturns/ News All

At its 42nd AGM, RILs CMD has commercially launched Jio's broadband service which it has coined as Jio GigaFiber. The 1Gbps broadband service will be made available for purchase in India without registration from September 5. Jio GigaFiber in..

IoT, Gaming, Broadband, Entertainment - The Next Growth Engines For Jio

7 days ago

Business / GoodReturns/ News All

Having established itself as the leader among telecom operators in the country, Reliance Jio is moving ahead in its digital business. Addressing RIL's (Reliance Industries Limited) 42nd Annual General Meeting (AGM) in Mumbai, chairman Mukesh Ambani explains Jio's agenda for growth...

Rally In Gold Prices Likely To Continue Amid Growing Recession Fears

7 days ago

Business / GoodReturns/ News All

Demand for gold, which had lost its appeal in the past decade, is back and shining. Amid growing uneasiness and uncertainty from the US-China trade war, asset management companies are going all in with gold, the safe haven investment in times..

Pound Sterling At 2-Year Low As UK Economy Shrinks

8 days ago

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Pound Sterling hit over 2-year low on Friday on an unexpected contraction in UK's economy reported the same day. Official data on Friday showed that the United Kingdom's GDP (gross domestic product) shrank in the June ended quarter at 0.2 percent,..

IFFCO Tokio Introduces Critical Illness Plan Covering All Family Members

9 days ago

Business / GoodReturns/ Personal Finance

As the cost of treatment of life-threatening or critical ailment is more than regular case of hospitalization, one must also be prepared for such an uncalled for event in advance. And such need is met by opting for critical illness plan..

4 Smart Ways To Invest In Gold

9 days ago

Business / GoodReturns/ Personal Finance

Gold prices are near historic highs in most Indian cities. Whether it would be higher from here on is difficult to predict. However, gold is an excellent hedge against risks, which is why it should be a part of every portfolio. Here are 4 best ways to invest in gold:..

Public Sector Banks To Adopt Uniform Hours Of Operation Across India

9 days ago

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As part of the reform measures mooted by the government under Enhanced Access and Service Excellence Programme (EASE) 2.0, PSBs will adhere to standard hours of operation across the country. A panel including bankers has suggested that each of the regions..

7 Factors That Revived Stock Markets In 2 Days

9 days ago

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The Indian and global stock markets turned bullish starting Thursday. The revived optimism in equity following concerns over an economic slowdown was from a varied range of local and international events that took place in the last 2 days...

Interest On Accident Compensation Not To Be Taxed: High Court

10 days ago

Business / GoodReturns/ Personal Finance

On Thursday the Bombay High Court ruled that income tax should not have been deducted from the interest on the compensation awarded by the court. The ruling was given by a bench of justices Akil Kureshi and S J Kathawalla on..

Gold Prices Scale Over Rs. 38,000: This Is Why You Should Still Buy It?

10 days ago

Business / GoodReturns/ Personal Finance

Global as well domestic headwinds has once again set the eyes rolling on the yellow precious metal which is sought for safety during times of geo-political and economic turmoil. Earlier during the week, gold recorded a new high of Rs. 38,488..

Tata Capital NCD Issue To Open On 13 Aug; Should You Subscribe?

10 days ago

Business / GoodReturns/ Personal Finance

Non-Convertible Debentures (NCD) have been an attractive prospect for investors considering the high interest rate they offer. These help you diversify your investment portfolio by adding debt instruments that fetch regular income at a fixed interest rate and a fixed tenure...

Nifty Opens Above 11050 Tracking Gains In US And Asian Markets

10 days ago

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Indices tracking major gains in the US and Asian markets opened Friday's session higher, Niftyat open was up 49.40 points at 11081.90, while Sensex traded with gains of 141.42 points at 37468.78. Also, the sentiment in the market has been uplifted..

4 Banks That Revised Their FD Interest Rates This Week

10 days ago

Business / GoodReturns/ News All

A cut in the Reserve Bank of India's (RBI) monetary policy rate will not only reduce your EMI burden, it will also lower the interest one can earn on fixed deposits. Some private and public banks have revised their FD interest..

Sensex Surges 636 Points On Reports Of Withdrawal Of Surcharge On FPIs

11 days ago

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The benchmark indices in the late afternoon surged after an ET Now news report that foreign ministry in a meeting with PMO has decided to roll back surcharge on FPIs. As per the report "Revenue forgone due to removal of higher..

Share Pledging By Promoters: Companies To Disclose More Info

11 days ago

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SEBI in a bid to render more transparency in the system now has asked listed companies for which the total encumbrance on promoter shares is over 50% of their shareholding or a fifth of the total shareholding to disclose additional information..

PNB Recovers Rs. 278.66 Crore As Penalty For Minimum Balance Non-Maintenance

11 days ago

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The country's leading public run bank, PNB, has recovered a total of Rs. 278.66 crore as penalty charges for non-maintenance of minimum balance from poor account holders during the FY 2018-19. The revelation to this effect was made after..

Rupee Opens Tad Higher At 70.79

11 days ago

Business / GoodReturns/ News All

Rupee in Thursday's trade opened lower at 70.79 after closing at 70.88 in the previous trade. On Wednesday, RBI reduced key repo rate by 35 basis points and also it has been ushered that liquidity levels shall be maintained at comfortable..

Stocks To Watch In Thursday's Trade

11 days ago

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Indian markets are expected to open lower in trade on Thursday. On Wednesday, the last one hour of trade saw a sharp fall in stocks. The SGX Nifty was pointing to a cut of around 37 points. The Dow Jones on..

Indiabulls Housing Tanks To 4-Year Low On Poor Q1 Results

11 days ago

Business / GoodReturns/ News All

On Wednesday, shares of Indiabulls Housing Finance fell nearly 14 percent to an intraday low of Rs 441 apiece on NSE, its lowest since November 2014. The fall comes as a reaction to the NBFC's (non-banking finance company) disappointing results in..

SBI Lowers Lending Rates By 15 Bps Soon After Repo Rate Cut

12 days ago

Business / GoodReturns/ News All

The State Bank of India (SBI) announced a 15 basis points cut in its MCLR (marginal cost of funds based lending rate) within 2 hours of RBI's monetary policy review. As per its press release, the 1 year MCLR, on which..

Home, Auto, Personal Loans Likely To Get Cheaper

12 days ago

Business / GoodReturns/ News All

The Reserve Bank of India (RBI) on Wednesday, cut its repo rate by 0.35 percent to 5.40 percent following its monetary policy review. Repo rate is the rate at which the RBI lends money to its clients (like banks and other..

Coffee Day Enterprises Share Plunge To New Lows

12 days ago

Business / GoodReturns/ News All

Coffee Day Enterprises Ltd (CDEL), which owns Cafe Coffee Day saw its share price plunge to a new historic low of Rs 80.85. Since listing one has not seen the share price fall so low. The death of founder V G Siddhartha..

DHFL Shares Spike Nearly 40% On Approval Of Debt Resolution Plan

12 days ago

Business / GoodReturns/ News All

Shares of Dewan Housing Finance Corporation Limited (DHFL) jumped by nearly 40 percent to touch an intraday high of Rs 58.40 apiece on NSE on Tuesday from its previous close of Rs 41.95. The price jump comes after the mortgage lender..

Sensex Ends 227 Points Higher Shrugging Off Global And Domestic Concerns

12 days ago

Business / GoodReturns/ News All

In the afternoon trade, indices gained strength, Sensex reclaimed 37,000 levels while Nifty was also trading close to 11000 levels. But towards the end of the session, the Sensex closed higher by 227 points at 36976.85 and Nifty ended higher with..

10.5% IIFL NCD Issue Opens: Should You Invest?

13 days ago

Business / GoodReturns/ Personal Finance

IIFL, the NBFC company, has opened a NCD issue today which will remain open for subscription until August 20. Here is a low down on the details on the issue and which investor category should consider the issue for investment:..

Two Wheeler Companies Offer Zero-Interest Loans To Revive Sales

13 days ago

Business / GoodReturns/ News All

To revive auto sales, two-wheeler companies including Bajaj Auto and TVS Motor have come forth to offer zero-interest loans in some of the cities. This has been worked out amid drooping sales and piling up of inventory with these auto makers...

RIL Liabilities Increase To $65 Billion, Credit Suisse Raises Red Flag

13 days ago

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RIL stock fell in Monday's trade on ratings downgrade by Credit Suisse and the company as per the ratings firm, the leading oil to telecom major has remained free cash flow negative for the last six years and the situation shall..

Rupee Trades Lower At 70.67

13 days ago

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After closing a six-year low, rupee in Tuesday's trade also opened 7 paise lower at 70.80 against its previous close of 70.73. The home currency suffered on account of the falling yuan which signals China's acceptance of allowing weakness in the..

Dow Sees Worst Fall Of 2019; Plunges 760 Points

13 days ago

Business / GoodReturns/ News All

The Dow Jones plunged close to 3 per cent on Monday, as the week began on a disastrous note for stocks across the globe. The S&P 500 also dropped three per cent, while the tech heavy Nasdaq fell as much as..

India’s Stock Market Valuation Falls Below $2 Trillion On FPI Withdrawals

13 days ago

Business / GoodReturns/ News All

Following the massive Foreign Portfolio Investors sell-off, Indian stock market's valuation lost its $2 trillion market capitalisation (m-cap) for the first time in 6 months. The investment withdrawal that was triggered by the announcement of the super-rich cess on 5 July...

4 Reasons To Buy Indian Stocks Now

14 days ago

Business / GoodReturns/ News All

The Nifty has fallen near 10 per cent, since hitting historic highs of 12,088 points in late May. One of the prime reasons for the fall is the imposition of tax surcharge on the super rich, which also becomes applicable to..

You Can Update Address In Aadhaar Without Documentation Proof Using Your Mobile

16 days ago

Business / GoodReturns/ Classroom

To make it more convenient for those without an address proof, the UIDAI (Unique Identification Authority of India) announced in a press release that one can now update current address details on Aadhaar with any documentary proof of address (PoA). This..

New IPO Application Process Via UPI: Know All About It

20 days ago

Business / GoodReturns/ Classroom

In the IPO application process that became obsolete from Monday i.e. July 29, 2019, you had to make an application for the public offer through the ASBA or application supported by blocked amount on offer by SCSBs or self certified syndicate..

Poor Returns From Small Cap Mutual Funds: What Should Investors Do?

one month ago

Business / GoodReturns/ Mutual Funds

The returns from small cap mutual funds, over the last 1 and 2 years has been terrible, which might now begin to test the patience of investors in these funds. Poor returns In the more short term period of 1..

What Is Marginal Relief Applicable To Surcharge In Income Tax?

one month ago

Business / GoodReturns/ Classroom

In her maiden budget speech presented a week before, Nirmala Sitharaman increased the surcharge charged to individuals with a taxable income of more than Rs. 2 crore. Surcharge is the tax levied on the total tax payable. Notably, all of the..

What Is MCLR? How Is It Different From Base Rate?

one month ago

Business / GoodReturns/ Classroom

Marginal Cost of fund-based Lending Rate (MCLR) is the minimum interest rate below which a bank cannot lend to its customers, other than in cases of special exceptions that are approved by the Reserve Bank of India (RBI). It is an..

What Are ESG Mutual Funds?

one month ago

Business / GoodReturns/ Classroom

Large companies and investments have been a driving source of changes in the society. Whether it is reduced use of plastic to protect the environment or inclusion of a diverse class of employees, businesses can be considered for investment for the..

Union Budget 2019-20: Terms You Need To Know For Better Understanding Of Govt Budget

one month ago

Business / GoodReturns/ Classroom

The Union Budget for 2019-20 after the 17th Lok Sabha elections will be presented next Friday on July 5, 2019 by Nirmala Sitharaman. Here are a few terms which you must know to have a better understanding of Budget...

What Is Flexi Fare System Of Indian Railways?

one month ago

Business / GoodReturns/ Classroom

The IRCTC platform of the Indian Railways introduced flexi-fare system on the base fares for the luxury and fast trains including Rajdhani, Duronto, Tejas Express and the recently launched Vande Bharat Express or Train 18. Why the system is in..

ITR Filing: Pre-Filled ITR Forms To Include Investment Returns Soon

an hour ago

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Income tax return forms will soon come pre-filled with information on investment returns from various instruments such as dividend on mutual funds, gains or losses made on equity investments as well as other interest income. In a bid to..

Axis Bank Reduces Lending Rate Across Tenure

3 hours ago

Business / GoodReturns/ Business

In line with the latest repo rate cut of 35 basis points in the RBI's August MPC meet, Axis Bank today has announced a cut in its MCLR rate across all tenures. The new rates will come into force from August..

Spandana Sphoorty Financial Falls 7.66% Below IPO Price On Stock Market Listing

5 hours ago

Business / GoodReturns/ News All

Rupee Opens Tad Lower At 71.17; Bond Yields Rise

6 hours ago

Business / GoodReturns/ Business

The Indian rupee resumed trade on a weak note and opened a tad lower at 71.17 compared to the previous close of 71.14 against the greenback. Nonetheless, amid strengthening of the dollar overseas and gains in crude oil price in the..

How Has A Change In Our Shopping Habits Hurt The Indian Economy?

2 days ago

Business / GoodReturns/ Classroom

Recently, many credit rating agencies and financial companies have downgraded their forecast for India's growth in GDP (gross domestic product) for the financial year 2019-20. The country's central bank, RBI, also lowered its growth projection from 7 percent (as forecasted in..

TRAI To Review Rules Of TV Channel Pricing After Multiple Complaints

2 days ago

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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..

Ujjivan Small Finance Bank Files For IPO

2 days ago

Business / GoodReturns/ News All

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..

RBI Disallows Banks To Charge For These ATM Transactions

3 days ago

Business / GoodReturns/ Personal Finance

As an ATM card user, you should be aware that your bank allows a limited number of ATM transactions in a month for free of charge. The limit varies from bank to bank, for example, SBI (State Bank of India) account..

5 Places To Invest From Your Monthly Salary

3 days ago

Business / GoodReturns/ Personal Finance

If you have a surplus from your salary, you can park them in a range of instruments. Your choice of instruments would include fixed yielding instruments, gold, debt etc. However, it really depends on your risk appetite. If you are willing..

7 Stocks To Watch In Trade Today

3 days ago

Business / GoodReturns/ News All

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..

Sensex Ends Higher On Value-Buying; Broader Markets Support

3 days ago

Business / GoodReturns/ Commentary

The Indian benchmark indices ended tad higher on Tuesday amid value-buying in frontline stocks as investors shrugged-off concerns over Britain's exit from the European Union. Further, short-covering ahead of June derivatives expiry on Thursday and hopes of good monsoon also lifted..

Markets Remain Mute After Brexit; IT, Teck Weigh

3 days ago

Business / GoodReturns/ Commentary

Indian equity benchmarks continued to trade in a narrow range during the late morning deals on Monday tracking mixed cues from fellow Asian peers followed by Britain"s vote to leave its membership in the EU. At 11:03 hours, the 30-share barometer..

Indian Stocks End Lower For Second Day On Brexit Concerns

3 days ago

Business / GoodReturns/ Commentary

The Indian benchmark indices continued their losing spree on Wednesday as traders resorted to a cautious approach ahead of the EU referendum tomorrow in which Britain decides whether to remain or opt out of the trade block, curbing risk taking appetite...

ICICI Bank Revises FD Interest Rates

4 days ago

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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..

Nifty Closes Above 11,000, Pharma Stocks Slide

4 days ago

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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..

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

5 days ago

Business / GoodReturns/ News All

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..

Canara Bank Increase FD Rate For Select Maturities

5 days ago

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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..

Rupee Opens Higher At 71

5 days ago

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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..

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

5 days ago

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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,..

Gold Prices Cross Rs 39,000-Mark

6 days ago

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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..

Hiring Activity By Top IT Companies Increases 57% In Q1FY20

6 days ago

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Hiring in the Information technology sector which witnessed a slowdown for the last 6-8 quarters is again gaining pace. For the last quarter ended June of the ongoing financial year 2019-20, top Indian IT companies including Infosys, TCS, Wipro, HCL Tech,..

Top Earning Private Bank CEOs In India

6 days ago

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In a recent Economic Times report, the salaries of chief executives officers (CEO) of leading Indian banks was brought to focus over profitability and bad loans. In February this year, the Reserve Bank of India (RBI) proposed changes to the compensation..

Sensex Trades Lower; RIL Surges 7%

6 days ago

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Benchmark indices were trading lower in early trade, despite a surge in the stock of Reliance Industries. The Sensex was trading lower by 120 points, while the Nifty was lower by 40 points in trade. Shares in Reliance Industries surged 7..

Saudi Aramco, BP Deal To Help RIL Become Debt-Free By March 2021

7 days ago

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Assuaging investor worries, RIL CMD Mukesh Ambani before concluding the speech at 42nd AGM meet, said that "We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by 31st March 2021". {image-mukesh-ambani-1552898014.jpg..