Page 520 - Business Finance
Impact of safety ratings on your Fixed Deposits
According to a survey conducted by SEBI, more than 95 per cent of Indian households held savings in the form of bank fixed deposits in 2015. The credit for this goes to the safety and guaranteed returns that Fixed deposits promise, which help them stand out for both conservative investors and those looking to balance the risk on their portfolio. Also, bank fixed deposits are insured by the DICGC by the virtue of which investments are insured up to a maximum of Rs 1 lakh. This insurance amount covers both principal and interest.In the case of company fixed deposits, the scenario is slightly different in terms of interest rates and safety. Company FDs offer higher interest rates when compared to those offered by banks and post offices. As a thumb rule, with higher returns come higher risks and, in a bid, to completely close the door on risk, investors often lose out on attractive returns that can add to their portfolio.What are safety ratings?To encourage investors and instil a sense of
Huawei posts 39% revenue growth in Q1 2019
Reporting its first-ever quarterly result, Chinese telecom giant Huawei on Monday said its revenue in the first quarter of 2019 grew 39 per cent to 179.7 billion yuan ($26 billion), showing that the US-led campaign to ban the firm's 5G equipment has had little impact on its businesses worldwide.
Gold futures jump Rs 234 to Rs 31,697/10 gm on global cues
Gold prices rose by Rs 234 to Rs 31,697 per 10 gram in futures trade Monday as participants created fresh positions, tracking firm trend overseas. On the Multi Commodity Exchange, gold for delivery in June contracts traded higher by Rs 234 or 0.74 per cent to Rs 31,697 per 10 gram in a business turnover of 13,679 lots. Marketmen attributed the rise in gold futures to higher crude rates amid tensions scaling up between the US and Iran. The Trump administration is expected to inform five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from US sanctions if they continue to import oil from Iran. The other two countries are India and China. Besides, a depreciating rupee also helped gold futures to rise. Globally, the yellow metal was trading higher by 0.44 per cent at USD 1,277.49 an ounce in Singapore.
India Post partners TCS to modernize its services
India Post has partnered with IT services firm Tata Consultancy Services (TCS) to become a multi-service digital hub, modernize the delivery of mail and packages, enhance customer experience and launch innovative services.
Silver futures up 0.77% on global cues
Silver futures traded higher by 0.77 per cent at Rs 38,115 per kg Monday after speculators raised bets driven by a firm trend overseas. At the Multi Commodity Exchange, silver for delivery in July was up by Rs 292, or 0.77 per cent, at Rs 38,115 per kg in a business turnover of 4,226 lots. The white metal to be delivered in May rose by Rs 284, or 0.76 per cent, to Rs 37,514 per kg in 19,308 lots. Analysts said widening of positions by traders in sync with a firm trend on global markets for precious metals mainly influenced silver prices here. In the international market, silver traded higher by 0.30 per cent at USD 15.12 an ounce in New York.
Sensex, Nifty hit fresh intraday low
Key equity indices further extended losses and hit fresh intraday low in afternoon trade. At 13:15 IST, the barometer index, the S&P BSE Sensex, was down 347.77 points or 0.89% at 38,792.51. The Nifty 50 index was down 124.05 points or 1.06% at 11,628.75. Rise in crude oil prices weighed on the sentiment.
ICICI Lombard General Insurance slips after Q4 numbers
ICICI Lombard General Insurance Company fell 2.49% to Rs 1065 at 11:28 IST on BSE after net profit rose 7.49% to Rs 227.73 crore on 22.56% rise in total income to Rs 2633.53 crore in Q4 March 2019 over Q4 March 2018.
ONGC, HPCL ownership fight may derail MRPL-HPCL merger
The long-drawn slugfest between ONGC and HPCL over latter's repeated failure to recognise the state-run explorer as its parent may upset gains from such a consolidation exercise aimed at creating an entity with a significant presence in entire oil chain.
DCB Bank Ltd soars 3.31%, rises for third straight session
DCB Bank Ltd is quoting at Rs 209, up 3.31% on the day as on 12:54 IST on the NSE. The stock is up 6.39% in last one year as compared to a 10.03% gain in NIFTY and a 19.79% gain in the Nifty Private Bank index.
Tech Mahindra Ltd spurts 0.56%, up for five straight sessions
Tech Mahindra Ltd is quoting at Rs 804.8, up 0.56% on the day as on 12:49 IST on the NSE. The stock is up 14.64% in last one year as compared to a 10.03% gain in NIFTY and a 15.35% gain in the Nifty IT.
Lead futures up 0.55% on spot demand
Lead prices rose 0.55 per cent to Rs 136.50 per kg in futures trade Monday due to pick-up in demand from consuming industries at spot markets. At the Multi Commodity Exchange, lead for delivery in May contracts was trading up by 75 paise, or 0.55 per cent, to Rs 136.50 per kg in a business turnover of 808 lots. On similar lines, the metal for delivery in April was trading higher by 70 paise, or 0.52 per cent, at Rs 134.95 per kg in a business turnover of 906 lots. Market analysts said, fresh positions created by traders amid upsurge in demand from battery-makers in the spot market mainly led to rise in lead prices here.
Crude oil futures rise 3 pc on strong global cues
Crude oil futures rose 2.96 per cent Monday as speculators created fresh positions, taking firm cues from overseas markets. At the Multi Commodity Exchange, crude oil for May contracts was trading higher by Rs 132, or 2.96 per cent, to Rs 4,589 per barrel in a business turnover of 19,499 lots. Traders said, oil prices hardened amid reports that the US was poised to tell five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from the US sanctions if they continue to import oil from Iran. The crude oil for June contracts also rose by Rs 132, or 2.95 per cent, to Rs 4,607 per barrel in a business volume of 337 lots. Meanwhile, West Texas Intermediate crude prices rose 2.20 per cent to USD 65.41 per barrel, while Brent crude, the international benchmark, was up 2.33 per cent to USD 73.65 per barrel.
Nickel futures up 0.82% on spot demand
Nickel prices inched up 0.82 per cent to Rs 883.50 per kg in futures trade Monday as speculators built up fresh positions amid pick up in spot demand. At the Multi Commodity Exchange, nickel for delivery in April was trading higher by Rs 7.20, or 0.82 per cent, to Rs 883.50 per kg in a business turnover of 11,307 lots. Similarly, the metal for delivery in May rose by Rs 6.90, or 0.78 per cent, at Rs 890.10 in a business turnover of 473 lots. Analysts said, fresh positions created by traders on firm demand from alloy makers at physical markets mainly strengthened nickel prices here.
Telecom stocks fall
Weakness persisted on the bourses in early afternoon trade on sustained selling pressure in index pivotals. At 12:18 IST, the barometer index, the S&P BSE Sensex, was down 292.86 points or 0.75% at 38,847.42. The Nifty 50 index was down 99.75 points or 0.85% at 11,653.05. Telecom stocks fell. Rise in crude oil prices weighed on the sentiment.
China Market falls on sign of slowing policy easing
China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday. It added that China will push forward structural deleveraging and prevent speculation in the property market, suggesting attention may be turning back to debt risks that any further substantial stimulus measures may create. The statement from the politburo came two days after China reported steady 6.4% annual growth in January-March, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.
Vikas Wsp bags order worth Rs 230 cr
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Investors demand write-offs as Jet owes over Rs 11K cr outstanding debt
Prospective investors in the temporarily grounded Jet Airways have asked lenders to take a massive haircut or write-off around 80 per cent outstanding debt of the airline which is more than Rs 11,000 crore, document and sources revealed on Monday.
Spot demand lifts zinc futures by 0.73%
Zinc prices rose 0.73 per cent to Rs 227.10 per kg in futures trade Monday tracking a firm trend at the physical markets on the back of pick up in demand. At the Multi Commodity Exchange, zinc contract for April was trading higher by Rs 1.65, or 0.73 per cent, to Rs 227.10 per kg with a business turnover of 5,346 lots. Similarly, the spice to be delivered in May was trading higher by 95 paise, or 0.43 per cent, at Rs 223.80 per kg in a business turnover of 1,281 lots. Marketmen said, widening of positions by participants following pick up in demand from consuming industries kept zinc prices higher.
Tesla probes car fire in Shanghai
US electric auto maker Tesla said Monday it had launched an investigation after a video circulating in China showed one of its cars suddenly burst into flames in a garage in Shanghai. The security camera footage has become on the hottest topics on China's Twitter-like Weibo platform since it was posted on Sunday, now viewed 22 million times with the hashtag "Tesla self-ignites". The video shows white smoke emerging from under what appears to be a Tesla Model S car in a parking garage before flames erupted around it. Other footage shows that the fire destroyed an Audi next to it. "We're actively contacting and cooperating with relevant departments to learn more about the incident. Based on current information, there were no casualties," Tesla wrote on its official Weibo account. It is the latest incident to hit Tesla this year, just as it is stepping up its presence in China. In January, Tesla recalled over 14,000 Model S cars in China as part of the global automotive sector's effort ..
5Paisa Capital Ltd leads gainers in 'B' group
Shivam Autotech Ltd, Rane Engine Valve Ltd, Allied Digital Services Ltd and Vardhman Special Steels Ltd are among the other gainers in the BSE's 'B' group today, 22 April 2019.