APN News

  • Wednesday, April, 2024| Today's Market | Current Time: 06:59:55

    • Stock & Share

    Sensex surges 283 pts on govt steps to check Rupee slide

    Stock markets on Tuesday gave a thumbs up to the slew of measures announced by the government to arrest the rupee fall and check current account gap with S&P BSE benchmark Sensex jumping by 283 points on heavy buying in Realty, Banking, Auto and IT sectors. Sensex, which had gained 282 points in the past […]

    Business

    ICICI Bank introduces SMS-based rail ticket booking for customers

    Mumbai: ICICI Bank Limited, India’s largest private sector bank, today announced a SMS- based service to enable its customers to book rail tickets from IRCTC in association with Bharat BPO Services Limited, a part of the SPICE DIGITAL group. ICICI Bank customers will now be able to book rail tickets simply by sending two SMSes […]

    Business

    Air India acquiring 19 new Airbus A-320s

    In a bid to face heightened competition from no-frill carriers and replace its old fleet, Air India has started the process of acquiring 19 new Airbus A-320s, an aircraft that has been its war-horse for domestic operations for over two decades. The national carrier has sought dry-leasing these planes for six years instead of buying […]

    Business

    Exim Bank extends USD 125 million LOC to Sudan for Mashkour Sugar Project

    Mumbai : Government of India, through Export-Import Bank of India [Exim Bank], has extended a Line of Credit [LOC] of USD 125 million to the Government of Sudan, which is the second and final tranche of the total credit commitment of USD 150 million for financing Mashkour Sugar Project, in Sudan. The LOC agreement to […]

    Stock & Share

    Sensex gains 72 points in late morning trade

    The S&P BSE benchmark Sensex advanced by 72 points in the late morning trade on persistent buying mainly in Realty, IT, Power, Teck, Healthcare and Auto sectors on the back of firming trends in Asian markets coupled with capital inflows from foreign funds. The Sensex resumed lower at 18,895.26 and dropped to a low of […]

    Business

    SEBI declares illegal money pooling as ‘fraudulent’

    To curb rising instances of public getting defrauded by money pooling schemes, capital market regulator SEBI has decided to declare illegal mobilisation of funds as a “fraudulent and unfair trade practice”. Besides, the Securities and Exchange Board of India (SEBI) has clarified that the existing list of activities coming under fraudulent and unfair trade practices […]

    Finance

    Max Life Re-invents Pension Planning

    New Delhi: Max Life Insurance, one of the leading life insurer in India, today announced the launch of the ‘Max Life Forever Young Pension plan’ and ‘Max Life Guaranteed Life Time Income Plan’- a unique pension planning solution, with features based on extensive consumer research. This solution ensures a carefree and financially-secured retirement for an […]

    Banking

    SEBI issues norms for change in category of AIF

    Capital market regulator SEBI (Securities and Exchange Board of India) has issued norms for alternative investment funds (AIFs). The regulator has said that only AIFs that have not made any investments under their existing category would be allowed to make application for changing their classification. AIFs is a class of pooled-in investment vehicles for real […]

    Business

    Aditya Birla revenue up 8%, Net Profit up by 24%

    Aditya Birla Financial Services (ABFS) is a major player in the non banking financial services space. With funds under management of ` 110,944 Crore, ABFS ranks among the top 5 fund managers in India, excluding LIC. To expand its bouquet of financial services and products, the Company has applied for banking license under the RBI […]

    Stock & Share

    Has the Bull Market Run Its Course?

    David Joy, Chief Market Strategist, Ameriprise Financial Despite mediocre earnings growth, mixed economic data and widespread expectations that the commencement of Fed tapering is just around the corner, stocks continue to post new highs. The argument in support of that move is predicated upon the idea that the economy is about to improve, creating an […]

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