Page 488 - Business Finance
RBI allows FPIs investment in municipal bonds
FPI investment in municipal bonds shall be reckoned within the limits set for FPI investment in State Development Loans
RBI extends ombudsman scheme to non-deposit taking NBFCs
Provides a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under the Scheme
Tata Steel shares zoom 7 pc after Q4 results
Shares of Tata Steel Limited jumped 7 per cent Friday after the company's consolidated income rose in the March quarter. The scrip after a positive opening further gained 6.77 per cent to Rs 545.50 on the BSE. At the NSE, shares advanced 6.99 per cent to Rs 546.50. The scrip was the biggest gainer among the front-lines on both the key indices during the morning trade. "Tata Steel's Q4 FY19 EBITDA of Rs 75.1 billion (up 16 per cent YoY) surpassed consensus driven by Tata Steel Europe," Edelweiss Research in a report. The company announced its quarterly earnings post market hours Thursday. Tata Steel Thursday said its consolidated income rose to Rs 42,913.73 crore in the reporting quarter from Rs 33,983.74 crore year-ago. The largest alloy-maker Thursday had reported a sharp 84.37 per cent fall in consolidated net income at Rs 2,295.25 crore for the three months to March due to high base last year. The company had booked a net income of Rs 14,688.02 crore in the corresponding quarter of
Xiaomi slips but retains top spot in Indian market
Despite losing its turf in India a little, Chinese smartphone maker Xiaomi retained its top slot in the first quarter (Q1) of 2019, garnering 29 per cent market share, Counterpoint Research said on Friday.
Get an affordable interest rate on your loan against property with these tips
By availing a loan against property in India, you can put your immovable asset to good use by pledging it as collateral. This way you can avail the funding you need to pay for a grand wedding or dream college for your daughter, invest in business expansion or purchase a holiday home.However, the interest rates on a loan against property, just like any other loan, determine its affordability. As securing a lower loan against property interest rate will make repayment easy, here are 6 things you can do to ensure this.Lower your PrincipalWhile you may wish to borrow a little more than you need for unexpected expenses, it is important that you do not over borrow. Borrowing more than you are eligible for can result in higher interest rates as the lender may view your application with a higher risk for default. To be on the safe side without a spike in interest rates, consider the Flexi facility offered by Bajaj Finserv's Loan against property. With this, you can borrow as you need from the
Apple-Qualcomm settlement made Intel exit 5G race
Chip making giant Intel has confirmed the "surprise" settlement between Qualcomm and Apple pushed it to exit the mobile 5G race, The Wall Street Journal has reported.
Alembic Pharmaceuticals Ltd leads gainers in 'A' group
Tata Steel Ltd, GHCL Ltd, CG Power & Industrial Solutions Ltd and Jindal Steel & Power Ltd are among the other gainers in the BSE's 'A' group today, 26 April 2019.
Cyient firms up after strong Q4 results
Cyient rose 1.30% to Rs 594 at 11:24 IST on BSE after the company reported strong results after market hours yesterday, 25 April 2019.
Metal and mining stocks shine
Stocks gyrated in a small range in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 70.10 points or 0.18% at 38,800.96. The Nifty 50 index was up 30.30 points or 0.26% at 11,672.10. Metal and mining stocks gained.
Yes Bank allots 3.96 lakh equity shares under ESOP
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Axis Bank gains after Q4 earnings
Axis Bank rose 1.19% to Rs 749.65 at 11:01 IST on BSE after the bank reported turnaround results after market hours yesterday, 25 April 2019.
Engine trouble in Rahul's flight, returns to Delhi
Congress President Rahul Gandhi said on Friday that there was engine trouble in his flight to Patna and was forced to return to the national capital due to which his election rallies will get delayed.
Volumes soar at GHCL Ltd counter
GHCL Ltd clocked volume of 1.24 lakh shares by 10:48 IST on BSE, a 13.8 times surge over two-week average daily volume of 8979 shares
Musk, SEC to disclose settlement status by April 30
Tesla CEO Elon Musk and the US Securities and Exchange Commission (SEC) have been requested to provide to the court a joint submission by or on April 30, declaring if they have reached an agreement to settle the dispute over Musks Twitter use.
Sensex opens in green on cooling oil rates
Sensex opened over 100 points higher on Friday over strong inflow of foreign funds and slight ease in the international oil prices.
Intel stock fell as chip maker cut revenue forecast
Intel stock plunged nearly 7 per cent on slashed revenue forecast for the full year and a flat first-quarter revenue at $16.1 billion.
Rupee rises 16 paise to 70.09 vs USD in early trade
The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets. The rupee opened strong at 70.12 at the interbank forex market, then gained further ground to touch 70.09 per dollar, displaying gains of 16 paise against the greenback. Forex dealers said, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee. On Thursday, the rupee had settled at 70.25 against the US dollar. Foreign funds infused Rs 3,785.73 crore in capital market on a net basis, while domestic institutional investors sold shares worth Rs 4,069.98 crore Thursday, provisional data showed. The benchmark BSE Sensex was trading with gains of 150.56 points, or 0.39 per cent, at 38,864.41; while the NSE Nifty was trading at 11,692.05, up 50.25 points, or 0.43 per cent. Meanwhile, brent crude, the global benchmark, was trading at 74.14 per ...
Board of Tata Steel approves composite scheme of amalgamation
At meeting held on 25 April 2019
Tata Motors Ltd Slides 2.59%
Tata Motors Ltd has added 27.1% over last one month compared to 3.43% gain in S&P BSE Auto index and 1.77% rise in the SENSEX
Tata Steel jumps after Q4 results
Tata Steel rose 4.07% to Rs 531.70 at 09:33 IST on BSE after consolidated net profit fell 84.37% to Rs 2,295.25 crore on 23.76% increase in net sales to Rs 41,186.44 crore in Q4 March 2019 over Q4 March 2018.