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Gold Linked Funds Gave Better Returns Than Physical Gold In 2019; What Should You Do?

29 minutes ago

Business / GoodReturns/ Personal Finance

Data from the World Gold Council showed that globally, gold-backed exchange-traded funds (ETFs) and similar products saw net inflows of $19.2 billion or 400 tonnes in 2019. In the December-ended quarter, ETF holdings touched an all-time high of 2,900 tonnes. Overall,..

Budget Day BSE Trading Session Timings

2 hours ago

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In circulars, BSE said that the stock exchange would be open on Saturday, 1 February, on account of Union Budget 2020-21 presentation. This is the first time the stock markets would be open on a Saturday for Budget. On 28 February..

HDFC AMC Shares Surge 2% On Reporting 45% Jump In Q3 Profit

3 hours ago

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Shares of HDFC Asset Management Company rose by 2 percent to Rs 3,262 on Wednesday on reporting a 44.9 percent increase in profit after tax (PAT) at Rs 352.5 crore for the December-ended quarter. In the same period of the previous..

5 Best Savings Account With The Best Interest Rates

20 hours ago

Business / GoodReturns/ Personal Finance

The first step in a financial journey for any individual begins with opening a savings bank account. The main intention of having a savings bank account is to park the money in a safe place. Almost all the banks and financial..

Budget 2020: Finance Ministry To Start ArthShastri Campaign On 22 Jan

yesterday

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The finance ministry in a bid to make the budget more understandable by common man will unveil a social campaign called Arthshastri on January 22. As part of the common, the ministry will head on to explaining various budgetary terms through..

Budget Trivia: What Is Off Budget Financing?

yesterday

Business / GoodReturns/ Classroom

As per a recent ET reports, it is suggested that the government will come up with its report on off budget financing or expenditure and other liabilities to put before the clear picture of its accounts. So, what is off budget..

RBI Releases Board Meeting Minutes For The First Time To Improve Transparency

yesterday

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In an effort to improve transparency in its operations, the Reserve Bank of India (RBI) for the first time released the minutes of its board meeting. Earlier, this was only available in response to queries under the Right to Information (RTI)..

Vodafone Idea Jump 17% After Telecom Companies Jointly Approach SC On AGR

yesterday

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Shares in Vodafone Idea saw some recovery in trade on Tuesday with the stock jumping as much as 15% after Vodafone Idea, Airtel and Tata jointly approached the Supreme Court for extension in payment of AGR dues which are due on..

How HRITHIK Stocks Drove The Markets To Record High?

yesterday

Business / GoodReturns/ Personal Finance

The Sensex crossed the 42,000 points mark with ease and over the last one month, has been hitting successive highs, which has been very easy. Mutual Funds and Foreign Portfolio Investors keep buying into the HRITHIK stocks, which keep driving the..

Rupee Opens Flat At 70.1

yesterday

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Rupee opened flat in Tuesday's session at 70.1 versus its previous close of 71.11 per US dollar. For the third day in a row, rupee weakened on surge in crude oil price as two of the crude production bases began to..

IRFC Files Draft Papers For IPO

yesterday

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Indian Railway Finance Corporation (IRFC) has filed draft papers with SEBI for floating an IPO issue. As per draft red herring prospectus, the public issue is of up to 140,70,69,000 equity shares of which up to 93,80,46,000 equity shares are fresh..

Doing UPI Transaction: You Should Still Keep Your Bank A/c Secret: Here's How

yesterday

Business / GoodReturns/ Classroom

As UPI transactions have crossed mark and there have surfaced numerous scams around it, customers should all the more be careful and here is given the procedure how to use UPI interface if you are a first time or potential customers..

Karvy Stock Broking Debacle To Cost Brokers’ Clients PoA Privilege: Report

2 days ago

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As per the leading business dailies report, soon after the debacle at Karvy's stock broking, broking firms will be in for a chaos as they no longer will be given the privilege to use the clients' power of attorney. Through access..

Why Chennai Petroleum Shares Surges 12% In A Falling Market?

2 days ago

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Shares in Chennai Petroleum surged a huge 12 per cent in trade today, even as refining stocks fell today on rising crude prices. The rally in the stock was largely on the back of a better than expected quarterly financial performance...

Airtel Offers Rs. 2 Lakh Insurance With Its Rs. 179 Tariff Plans

2 days ago

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Bharti Airtel in association with Axa Life Insurance is offering insurance covers to its subscribers who recharge with the most affordable recharge plan of Rs. 179. The cover extended is of Rs. 2 lakh and comes as an in-built offer. {image-airtel-24-1479962703-1579498286.jpg..

5 Top Investment Plan For Three Years To Consider In 2020

2 days ago

Business / GoodReturns/ Personal Finance

If you are looking to invest for a period of three years, there are plenty of options. Ideally, your investment plans must have a mix of debt and equity and if possible, there should also be gold, which is a safe..

Rupee Opens Flat At 71.08

2 days ago

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Rupee in Monday's trade opened versus its previous close of 71.08 per US dollar. On Friday, rupee lost again to close lower after the US-China signed the phase one trade deal. In the bond market, yield on 10-year benchmark..

Budget 2020: SBI Research Expects Full Rebate On SCSS

3 days ago

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In its report, SBI Research has suggested the government to provide complete tax relief on SCSS in its Budget 2020. In its latest Ecowrap report, SBI Research says, . "Government has an excellent scheme for senior citizens. Under the Senior Citizens..

HousingForAll.com: All You Need To Know About The Govt’s Website To Buy Ready Flats

3 days ago

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As part of its Awaas Yojana, the government launched an e-commerce like portal for the purchase of ready-to-move-in flats in cities across India. Real estate developer body National Real Estate Development Council (NAREDCO) launched the HousingForAll.com this week and here's what..

India's Forex Reserve Rises To A Record High Of $461.2 Billion

3 days ago

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In the week ended 10 January, the country's foreign exchange reserves rose by $58 million to reach an all-time high of $461.21 billion, RBI data showed. In the previous week, the reserves increased by $3.689 billion to $461.15 billion. In the..

6 Reasons Why You Should Opt Comprehensive Motor Insurance

4 days ago

Business / GoodReturns/ Personal Finance

To adhere to regulatory requirements, while most people end up buying third-party motor cover, you should however go in for the comprehensive policies. Below are given some of the benefits of the same. 1. Extensive coverage other than..

Yes Bank's Ratings Placed Under Review By Moodys

4 days ago

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Due to uncertainty over the private lender's fund raising plans, foreign brokerage Moody's Investors has put the long term foreign currency issuer rating ‘B2' under review. At the same time, foreign and local currency bank deposit ratings ‘B2' and its (P)..

Should You Say “Yes” To The Yes Bank Shares?

4 days ago

Business / GoodReturns/ Personal Finance

This week once again saw the Yes Bank shares very volatile, with Moody's placing the bank's rating under review. A week does not pass-by, without constant news and speculations about Yes Bank. Quarterly numbers eagerly awaited The quarterly numbers of the..

TCS Q3 Profit At Rs 8,118 Crore; Announces Dividend

4 days ago

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On Friday, Tata Consultancy Services (TCS) reported a 0.2 percent increase in net income for the December ended quarter at Rs 8,118 crore as against Rs 8,105 crore reported for the same period of the previous year. The IT company's revenue..

56% Of The Total Fake Currency Seized After Demonetisation Were Rs 2,000 Notes: NCRB Data

4 days ago

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After demonetisation, which was aimed at clearing the ills of black money, corruption and fake currency, Rs 2,000 notes have been proven to be the most counterfeited by fraudsters, according to government data. Data from the National Crime Records Bureau (NCRB)..

RBI To Conduct Fourth Round Of ‘Operation Twist’ On 23 January

5 days ago

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On Thursday, the Reserve Bank of India (RBI) announced that it will carry out its fourth special open market operation (OMO) on 23 January, wherein, it will simultaneously purchase and sell government securities worth Rs 10,000 crore each. At its..

Vodafone Idea Shares Fall Almost 40% After SC Rejects AGR Verdict Review

5 days ago

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Shares of Vodafone Idea declined as much as 39.2 percent on Friday to an intraday low of Rs 3.65 on NSE. The slump comes after the Supreme Court rejected Vodafone Idea and Bharti Airtel's review petitions against the AGR verdict on Thursday.{image-idea-and-vodafone-to-layoff-5000-employees-1523857436-1556177809.jpg..

SC Dismisses AGR Review Petition Of Telecom Companies'

5 days ago

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The Supreme Court on Thursday dismissed telecom companies' plea concerning AGR review. Further the apex bank said that these companies are free to file curative petition against the review petition. Following today's order, Airtel and Vodafone Idea are left..

ICICI Bank Netbanking Login Now With Only OTP And PIN

5 days ago

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Customers of ICICI Bank will no longer require to memorise passwords to login into its internet banking portal. The private lender has now enabled a new feature that allows customers to login into their net banking account using a One Time..

Mumbai Is The Cheapest Among The Most Expensive Cities In The World

6 days ago

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For its wealthy clients, Julius Baer Group Ltd compiled a list that ranks 28 cities around the world to purchase luxury goods and services. The research report published on Thursday named Hong Kong as the most expensive city in the world...

Budget 2020: Govt May Remove LTCG Tax On 2-Year Equity Holdings

6 days ago

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Following the much criticism received on the re-introduction of the tax and looking for means to attract more long-term foreign investment, the government is now seeking advice from tax experts on removing the LTCG (long-term capital gains) tax on equities in..

Banks To Not Enable International Or Contactless Access On Cards By Default

6 days ago

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On Wednesday, the Reserve Bank of India (RBI) disallowed banks from issuing contactless credit and debit cards by default to its customers. The contactless facility, as well as international transaction accessibility, can now be activated at a user's will only...

Sensex Hits 42000 For The First Time; Nifty At Record High

6 days ago

Business / GoodReturns/ News All

Benchmark indices in Thursday's trade rallied to new highs with Sensex breaching 42000 points for the first time while the Nifty also trades at record highs. The gains come on the back of positive global cues after US and China signed..

Markets Open Higher In Early Trade; Tata Motors Surges

6 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

6 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

6 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...

Budget 2020:World Gold Council Expects Cut In Customs Duty

6 days ago

Business / GoodReturns/ News All

From the upcoming budget 2020, World Gold Council expects a cut in the customs duty on imports of gold. This is what was iterated by the organisation's CEO. As per a leading business dailies report, roll back to the earlier customs..

Budget 2020: Exchanges Await Final SEBI Nod For Trading For Saturday Budget

7 days ago

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Union Budget for 2020 will be announced on February 1 which happens to be a Saturday this time. And similar to 2015, this time whether or not the stock markets will continue to trade on Saturday will be based on SEBI's..

BSE To Unveil Futures Contract In Brent Crude Oil On January 27

7 days ago

Business / GoodReturns/ News All

India's oldest bourse BSE in a circular said, "Exchange shall introduce futures contracts on brent crude oil in commodity derivatives segment with effect from January 27, 2020." Further in another notification BSE said subject to approval from the SEBI, the..

Wipro Shares Fall 3% After Q3FY20 Results

7 days ago

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Shares of Wipro fell 3% to an intra-day low of Rs. 248.20 after announcing its third quarter results for FY20 on Tuesday. On Tuesday, Wipro Ltd reported a 2.2 percent year-on-year decrease in consolidated profit for the December-ended quarter at Rs..

Wipro Q3 Profit Falls 2.2% to Rs 2,460 Crore; Declares Dividend

7 days ago

Business / GoodReturns/ News All

On Tuesday, Wipro Ltd reported a 2.2 percent year-on-year decrease in consolidated profit for the December-ended quarter at Rs 2,460 crore. The IT company's total revenue rose by 2.73 percent to Rs 15,470.50 crore from Rs 15,059.50 crore in the..

Markets End Higher; Yes Bank Slides Further

7 days ago

Business / GoodReturns/ News All

It was not a very volatile session for the Indian markets, with the benchmark indices trading in a tight range during the course of the day. The Sensex ended the day with gains of 92 points, while the Nifty was up..

Gold Prices Fall On US China Trade Deal Optimism

8 days ago

Business / GoodReturns/ News All

On Tuesday, gold futures on MCX declined by over 0.5 percent to Rs 39,262 per 10 grams on global cues. Price of the safe-haven metal fell in the international market as investors chose to move to riskier assets ahead of the..

Michael Patra Appointed As RBI’s Fourth Deputy Governor

8 days ago

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On Tuesday, the government appointed Michael Debaprata Patra as the Reserve Bank of India's fourth Deputy Governor. Patra, who is currently the Executive Director with RBI, will serve as the Deputy Governor for a tenure of three years. He will..

Rupee Gains For The Sixth Consecutive Day

8 days ago

Business / GoodReturns/ News All

On Tuesday, the Indian rupee opened 13 paise higher at 70.73 against the US dollar after some selling in American currency by banks and exporters. The currency markets are tracking the optimism from the progress in the US and China's phase..

Retail Inflation Surges To 7.35% For Dec 2019

8 days ago

Business / GoodReturns/ News All

Retail inflation surged to 7.35 per cent, way above the comfort zone of the RBI's Monetary Policy Committee target of 4 per cent.The retail inflation based on Consumer Price Index (CPI) was 2.11 per cent in December 2018 and 5.54 per..

Sensex Closes At A New Record High; Yes Bank Shares Slump

8 days ago

Business / GoodReturns/ News All

Benchmark indices closed at a new record high, as heavyweights like Infosys, HDFC Bank and HDFC contributed significantly to the gains. The Sensex closed at a new record of 41,859.69 points, while the Nifty too closed at a new record high..

Coffee Day Enterprises, CG Power Stock Trading To Be Suspended From 3 Feb

8 days ago

Business / GoodReturns/ News All

BSE and NSE will suspend trading in shares of Coffee Day Enterprises and fraud-hit CG Power and Industrial Solutions from 3 February for not complying with listing norms pertaining to submission of quarterly financial results. However, the stock exchanges in..

Budget 2020: Taxpayers Expect Section 80C Rebate To Be Extended

8 days ago

Business / GoodReturns/ News All

Besides the usual slab change for the highest slab which has been maintained as though since 2012-13, there has been a call made for additional rebate in section 80C which currently offers benefit of upto Rs. 1.5 lakh per annum i.e...

37 Stocks Hit 52-Week High On NSE

9 days ago

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On Monday, around 37 stocks hit 52-week highs on NSE as the stock exchange's benchmark index touched a new all-time high. Among these were Aditya Birla Capital, DLF Limited, Tata Chemicals, CDSL, Tata Global Beverages, Metropolis Healthcare Limited, Motilal Oswal Financial..

Inflation Data Due Today Could Breach 6% On Rise In Oil Prices: Survey

9 days ago

Business / GoodReturns/ News All

Last week, amid US-Iran tensions, oil prices briefly rose to $70 in the international markets. Even as prices have eased now, they remain higher when compared to the last year, causing economists to feel that India's already surging inflation could go..

Gold Edges Lower On US-China Deal Optimism, Strong Dollar

9 days ago

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On the MCX, gold futures contract receded lower by 0.27% or Rs. 106 to Rs. 39,765. In line, silver March contact also drifted lower by 0.36% or Rs. 171 to Rs. 46740 per kg. The losses in the domestic market are..

Sensex Hits Record High; Infosys Surges Post Q3 Numbers

9 days ago

Business / GoodReturns/ News All

Benhmark indices opened the day higher in trade, even as Asian markets were trading mixed. The Sensex hit another record high of 41,862 points, breaching its previous record of 41,809 points hit last week. The benchmark index was last trading 266..

You Can Now Check Detailed Train Reservation Chart Online

10 days ago

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The Indian Railways has started displaying reserved charts online which give passengers access to information on their phones or computers on vacant, booked and partially booked train berths. "Hassle-Free Train Travel: Passengers can now access information on vacant, booked and..

Union Bank of India, Bank of Baroda Cut Lending Rates

10 days ago

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On Friday, the Union Bank of India announced a cut in its marginal cost of funds based lending rate (MCLR) by 0.10 percent across tenures. The change will be effective from Saturday. The public sector lender said this is the..

Markets May Turn A Little Cautious Ahead Of Union Budget

11 days ago

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It was another record highs that was taken out this week with the Nifty crossing the 12,300 points mark and thereby hitting a new record high. It's unlikely that the momentum will stall a great deal in the coming days, though..

Passenger Vehicle Sales In 2019 See Biggest Fall In 20 Years

11 days ago

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Passenger vehicle sales in the domestic market fell by 12.75 percent, the sharpest fall seen in over 20 years, to 2,962,052 units in 2019. Data released by the Society of Indian Automobile Manufacturers (SIAM) showed that commercial vehicle sales last year..

Here's Why Yes Bank Shares May Fall Again On Monday

11 days ago

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Yes Bank shares, which have seen severe price damage over the last few months, may once again fall on Monday over governance related issues. Apart from this, a rejection of the proposal to raise funds from Erwin Singh Braich/SPGP Holdings may..

Yes Bank’s Audit Committee Chairman Quits; Board Approves Fund Raising Plan

11 days ago

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In a statement on Friday, Yes Bank Limited said that it has received the resignation of Uttam Prakash Agarwal, an Independent Director and Chairman of the Audit Committee of the Board of the Bank. In the statement, the private lender disclosed..

Infosys' Audit Committee Finds No Merit In Whistleblower Allegations

11 days ago

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In a statement on Friday, Infosys Ltd said that its audit committee found no merits in the allegations made by whistleblowers on the chief executive officer (CEO) Salil Parekh and chief financial officer (CFO) Nilanjan Roy of malpractices. The statement..

These Indian Cities Top In List Of World's Fastest Growing Cities

11 days ago

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No you guessed it wrong, it is not the metros in India that have made it to the list of World's fastest growing cities but Malappuram, Kozhikode and Kollam. The list has been arrived as per a Survey by the Economist..

Budget 2020: Wishlist Of MicroFinance Industry

12 days ago

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In its wishlist from the Budget 2020,the industry body of microfinance sector expects to do away with GST charged on services offered by the sector. The demands have been highlighted by P Satish who is the Executive Director of..

Gold Prices In India Fall On Profit Booking, Rupee’s Revival, Easing US-Iran Tensions

12 days ago

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On Friday, gold prices in India fell below the Rs 40,000 level as traders in the domestic and international markets booked profits made this week and moved to riskier assets like equity on easing Middle-East tensions. Gold futures on MCX slipped..

GTPL Hathway Shares Surge 5% On Spectacular Results

12 days ago

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Shares in GTPL Hathway surged 5 per cent and rallied almost 8 per cent in trade today, following a spectacular set of results. The stock was last trading higher by 4.75 per cent at Rs 85. The company's Consolidated Q3 FY20..

Yes Bank Board To Meet Today; Stock Trades Higher

12 days ago

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Yes Bank's board is slated to meet today to decide on its fund raising plan. Since the announcement of the board meeting, the stock of private sector lender has gained 7.5% and in Thursday's session it ended with gains of 3%...

Rupee Trades Lower After Opening Flat

12 days ago

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Rupee in Friday's trade opened unchanged at 71.21 per US dollar. In Thursday's trade rupee gained after US-Iran seemed to not escalate the issues which boosted the appeal of riskier assets. Oil also dropped from its highs of $70 per..

Aster DM Healthcare Board Approves Share Buyback Worth Rs 120 Crore

12 days ago

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On Thursday, Aster DM Healthcare said that its board of directors approved a proposal to buyback up to 57.14 equity shares of the company for Rs 120 crore at the rate of Rs 210 each. "We wish to inform you..

Coffee Day Defaults Interest Payments On Debt

12 days ago

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On Thursday, Coffee Day Enterprises Limited in a stock exchange filing said that it has defaulted payments of interest on its total debt worth Rs 489.48 crore. On "loans or revolving facilities like cash credit from banks or financial institutions"..

This Industry To Continue To Suffer From Economic Slowdown Until Q3FY21

13 days ago

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As per a Care Ratings report, the FMCG sector is expected to continue to face headwinds due to economic slump and the sector is only to see recovery after Q3FY21, which roughly means six more months to go."With few definite..

Kashmir To Be Connected To Rest Of India By Railway Line By Dec 2021

13 days ago

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The Indian Railways has set a deadline for the completion of the world's highest railway bridge, which will connect Kashmir with the rest of India, at December 2021. The rail line, which is expected to be 35 metres taller than the..

Bharti Airtel Shares Surge 3% On QIP Launch, Brokerages See Further Upside

13 days ago

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Shares of Bharti Airtel climbed as much as 3.3 percent on Thursday to an intraday high of Rs 474.95 apiece on NSE after the company launched its Qualified Institutional Placement (QIP) worth $2 billion. In a stock exchange filing on Wednesday,..

5 Best Gold Schemes To Invest For Rs 2,000 Per Month

13 days ago

Business / GoodReturns/ Personal Finance

Gold prices have soared in the last few months and have given investors a return of 26 per cent last year. It's time to look at gold as an investment option, and invest in some of the attractive gold schemes offered..

Cabinet Approves Strategic Disinvestment In NINL

13 days ago

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On Wednesday, the union cabinet gave ‘in-principle' approval for strategic disinvestment of equity shareholding of MMTC, NMDC, MECON, BHEL and two Odisha State Government PSUs-IPICOL and OMC in Neelachal Ispat Nigam Limited (NINL) to a strategic buyer, identified through a two-stage..

Axis Bank's Functional Overhaul Sees Massive Exit

14 days ago

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Axis Bank The private sector Axis Bank is seeing massive resignations and this comes as the bank management pushes growth levels which are not being coped by mid and branch level executives at the bank, said three people with knowledge on..

Cement Stocks Buck Trend In A Weak Market; Stocks Surge Up To 14%

14 days ago

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Cement stocks amid weakness in the market fuelled by global factors have been bucking the trend. This is primarily on account of seasonally strong quarter for these companies. Also, the surge comes on the back of a hike in cement prices..

5 Stocks With A Better Dividend Yield Than FD Interest Rates

an hour ago

Business / GoodReturns/ Personal Finance

Most government owned companies and high dividend paying companies tend to declare a dividend in the month of Feb and March. There are many companies that would declare dividends in the next 2-3 months. Here are 5 companies that are not..

Amul Ice Cream Distributorship: How To Start Amul Ice Cream Parlor In India

3 hours ago

Business / GoodReturns/ Classroom

Ice cream business has experienced accelerated creativity in the last couple of years. The concept of ice cream parlours is now becoming increasingly popular, where ice cream lovers can relax with a single lick. As we all know Amul is the..

Markets Trade Higher After Three Days Of Losses

4 hours ago

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Benchmark indices opened the day higher, even as global cues were soft, as crude prices continued to decline. The Sensex was trading with gains of 143 points, following gains in select heavyweight stocks like HDFC Bank and Reliance Industries. Most of..

Vodafone m-pesa Certificate Of Authorisation Cancelled

21 hours ago

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On Tuesday, the Reserve Bank of India (RBI) said it has cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa on account of voluntary surrender of authorisation. The company can no longer transact in the business of issuance and operation..

Ice-Cream And Frozen Desserts To Get Costlier

yesterday

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The Indian Ice-cream Manufacturers association (IICMA) in a note said that the price of ice-cream is likely to see a sharp surge due to an increase in the cost of import of Skimmed Milk Powder coupled with low milk supply (due..

Budget 2020: Mutual Fund Investors Look To Withdrawal Of LTCG

yesterday

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Equity Mutual Fund returns have been superb in the last 1 year. Investment in equity mutual funds has fetched very good returns and money flowing into equity funds through Systematic Investment plans has been steady. To give a further boost to..

Budget 2020: Pushing Demand To Boost Economy Would Be Key

yesterday

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It's going to be one of the most difficult Union Budgets to deliver this time around with growth hitting a new 6-year low. Come to think of it, when we argue that India still continues to remain among the few fastest..

Zomato Acquires Uber In All Stock Deal

yesterday

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Zomato, the online food delivery company, in an all stock deal has acquired Uber Eats. And with the deal, Uber Technology has 10% stake in Zomato. InfoEdge which commands as much as 23% stake in Zomato in a regulatory filing said,..

SBI, Bank of Baroda, Canara Bank And Bank of India Get New MDs; Shares Surge

yesterday

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On Monday, the government appointed heads to four large public sector banks for a period of three years. The Appointments Committee of the Cabinet (ACC) approved the proposal of the Department of the Financial Services for the appointment of Challa Sreenivasulu..

New Gold Hallmarking Rules: 5 Things To Know

yesterday

Business / GoodReturns/ Classroom

On 14 January, the Ministry of Consumer Affairs, Food & Public Distribution issued a notification on making Gold Hallmarking mandatory. Union Minister Ram Vilas Paswan said that the purpose of making hallmarking mandatory for gold jewellery and artefacts is to ensure..

Sensex Slumps 416 Points As Heavyweights Decline

yesterday

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Profit taking in heavyweight stocks like Reliance Industries and HDFC Bank dragged the benchmark indices lower in trade, with the Sensex closing lower by 416 points. In early trade, the Sensex had crossed the 42,500 points mark, which means it shed..

Shares React To Nifty CPSE Index Rejig; Indian Oil Falls 7%

yesterday

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On Monday, shares of a number of Central Public Sector Enterprises (CPSEs) experienced major movement after NSE announced a re-shuffle in its Nifty CPSE Index. Shares of Cochin Shipyard, NHPC, NMDC and Power Grid Corporation gained 3 to 10 percent on..

Why Did RIL Shares Fall Despite Posting Biggest Ever Quarterly Profit?

2 days ago

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On Friday, Reliance Industries Limited (RIL) posted its highest-ever quarterly consolidated net profit at Rs 11,640 crore for the December-ended quarter. The figure was 13.2 percent higher against its profit a year ago. While most brokerages have maintained their positive stance..