Page 772 - Business Finance
Federal Bank Ltd spurts 1.93%
Federal Bank Ltd is quoting at Rs 87.35, up 1.93% on the day as on 12:49 IST on the NSE. The stock is down 4.69% in last one year as compared to a 6.51% spurt in NIFTY and a 11.58% spurt in the Nifty Bank index.
Punjab National Bank soars 6.98%
Punjab National Bank is quoting at Rs 82, up 6.98% on the day as on 12:49 IST on the NSE. The stock is down 16.2% in last one year as compared to a 6.51% spurt in NIFTY and a 11.58% spurt in the Nifty Bank index.
Indian Bank jumps around 3%
Indian Bank is quoting at Rs 236.55, up 3.07% on the day as on 12:44 IST on the NSE. The stock is down 18.49% in last one year as compared to a 6.49% spurt in NIFTY and a 1.52% spurt in the Nifty PSU Bank.
Coal India Ltd spurts 3.57%, gains for five straight sessions
Coal India Ltd is quoting at Rs 240.95, up 3.57% on the day as on 12:44 IST on the NSE. The stock is down 21.51% in last one year as compared to a 6.49% gain in NIFTY and a 21.76% gain in the Nifty Metal.
National Aluminium Company Ltd gains for fifth straight session
National Aluminium Company Ltd is quoting at Rs 56, up 4.38% on the day as on 12:44 IST on the NSE. The stock is down 9.97% in last one year as compared to a 6.49% jump in NIFTY and a 21.76% jump in the Nifty Metal.
India says GSP concessions by US amount to duty reduction of $190 million
The government confirmed on Tuesday that the United States has given a 60-day withdrawal notice to India on the Generalised System of Preferences (GSP) benefits, which amount to duty reduction of 190 million dollars a year.Since the review initiated by the United States in April 2018 on India's GSP benefits, both countries have been discussing various trade issues of bilateral interest for a suitable resolution on mutually acceptable terms.GSP benefits are envisaged to be non-reciprocal and non-discriminatory benefits extended by developed countries to developing countries."In India's case, the GSP concessions extended by the United States amounted to duty reduction of only 190 million dollars per annum," said an official statement. "The United States had initiated the review on the basis of representations by the US medical devices and dairy industries, but subsequently included numerous other issues on a self-initiated basis."These issues related to market access for various ...
Company Fixed Deposits: To perform better than Bank Fixed Deposits in 2019
The year 2018 witnessed all developed economies hiking their interest rates. The US Fed hiked it four times, whereas Reserve Bank of India (RBI) increased its policy rates twice. Bank deposit rates have moved in tandem to this increase. While banks moved their rates up by 35 bps (basis points) and some even by 60 bps, NBFCs (non-banking financial companies) outperform them by offering the highest rates for fixed deposits. Bajaj Finance is now offering a fixed deposit rate of 8.75%, which can go up to 9.10% for senior citizens.Why should you invest in Company Fixed Deposits?When it comes to investing in company deposits, you can look for several benefits, some of which have been listed below:High-interest rates - When investing in Company Fixed Deposits, you can look for higher interest rates, which enable you to earn high returns. Bajaj Finance Fixed Deposits offer a lucrative interest rate of 8.75%, which can go up to 9.10% for senior citizens.Flexible payout options - Investors ...
February shows strengthening new business inflows in India: Nikkei
India's services sector registered upturns in output, new business inflows and employment too showing a solid increase during February, according to a private survey released on Tuesday.The Nikkei India services Purchasing Managers' Index (PMI) rose to 52.5 in February from 52.2 in January. Quicker expansion in new work supported faster increase in output.Output, although at a moderate rate, showed an upturn with companies securing new clients and experiencing greater bookings. Business sentiment also improved because of expectations of further recovery in domestic demand, advertising efforts and offering of new services.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."The PMI survey showed faster increases in new work and business activity supporting one of the best upturns in jobs for eight years," said Pollyanna De Lima, Principal Economist at IHS Markit, which compiles the survey.However, she said in a statement that "these ...
National Archives of India gets new DG
Central Government has appointed IAS officer P Venkata Ramesh Babu as the Director General of the National Archives of India. Ramesh Babu, Chairman and Managing Director of Rural Electrification Corporation Limited, is a 1985 batch IAS officer. Earlier, he has also served as the Principal Secretary, Department of Finance in Andhra Pradesh governmentThe National Archives of India functions under the Ministry of Culture.
UAE non-oil companies cutting jobs at fastest rate in decade
A prominent Dubai bank is warning that non-oil companies across the United Arab Emirates have cut staff at their sharpest rate in nearly a decade amid an economic slowdown. Emirates NBD, which is majority owned by Dubai's government, issued the report on Tuesday. It relied on data from some 400 private sector companies outside of the UAE's oil economy, which includes the nation's manufacturing, services, construction and retail sectors. The report says that "companies lowered their staffing levels at the sharpest pace since the survey began in August 2009 and business confidence dropped." It says the companies wanted to operate with "minimum requirements in terms of staff, partly to help manage costs." The report added that "anecdotal evidence suggested that the slowdown reflected challenging market conditions and competitive pressures.
Stock markets flat as US decides to end preferential trade treatment for India
Benchmark indices traded flat in the morning session on Tuesday as investors adopted a cautious approach after US President Donald Trump said he plans to end preferential trade treatment for India.The trading sentiment was also subdued due to heightened geopolitical tension between India and Pakistan, though the situation appeared to be easing..
RBI imposes penalty of Rs 2 cr on Allahabad Bank
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IVP Ltd leads gainers in 'B' group
Wheels India Ltd, XPRO India Ltd, NRB Industrial Bearings Ltd and Jindal Stainless Ltd are among the other gainers in the BSE's 'B' group today, 05 March 2019.
Broader market rallies; most IT shares decline
Key equity indices were trading higher after hitting fresh intraday high in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, was up 72.01 points or 0.20% at 36,135.82. The Nifty 50 index was up 34 points or 0.31% at 10,897.50.
Suzlon Energy Ltd leads gainers in 'A' group
Vakrangee Ltd, Reliance Naval & Engineering Ltd, Jindal Stainless (Hisar) Ltd and Jaiprakash Associates Ltd are among the other gainers in the BSE's 'A' group today, 05 March 2019.
Tata Motors jumps on high volume
Tata Motors surged 7.86% at Rs 194.25 at 11:45 IST on BSE, with the upmove supported by high volume.
Market trades in range; auto shares advance
The market was hovering in a narrow range with small gains in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 57.21 points or 0.16% at 36,121.02. The Nifty 50 index was up 24.45 points or 0.23% at 10,887.95.
China sets 2019 GDP growth target at 6-6.5%
China on Tuesday lowered its economic growth target for this year to between 6 per cent and 6.5 per cent.
Cochin Shipyard sizzles after new order win
Cochin Shipyard gained 3.01% to Rs 374.55 at 10:55 IST on BSE after the company signed contracts with Utkarsh Advisory Services for construction and delivery of four bulk carriers.
Volumes jump at Bharti Airtel Ltd counter
Bharti Airtel Ltd witnessed volume of 14.93 lakh shares by 10:48 IST on BSE, a 4.97 times surge over two-week average daily volume of 3.00 lakh shares