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Business

CAD a concern, gold import curbs may stay for more time: Fin Min

The Finance Ministry has said it cannot lower its guard on the external front and ease gold import curbs as developments in Iraq and other countries can have adverse implications on the country’s Current Account Deficit (CAD) situation. “CAD problem has been contained but we have to be very cautious. International developments around Iraq and […]

Business

Telcos’ gross revenue up by 12% to Rs 60,716 cr in Q1

The gross revenue of telecom operators increased by about 12 percent to Rs 60,716 crore in the first quarter of this financial year, as per the latest report of regulator TRAI. The adjusted gross revenue on which government levies licence and other regulatory fees increased by 16.26 percent on yearly basis at Rs 41,016 crore […]

Finance

FIIs infuse over $26-bn so far in 2014; $6-bn in July alone

Driven by an investment friendly government at the centre, overseas investors have pumped in a staggering USD 6 billion into the Indian securities market in July –– taking their overall net inflows since beginning of 2014 to more than USD 26 billion. Foreign investors have poured in USD 2.18 billion (Rs 13,124 crore) into the […]

Business

OilMin wants RIL to sell gas at $4.2; $6-6.5 price for others

The oil ministry is looking at a price of USD 6-6.5 for all domestic natural gas but wants Reliance Industries to sell KG-D6 gas at old rate of USD 4.2 till it makes up for shortfall in supplies of past four years. The ministry last week internally discussed tweaking the formula suggested by the C […]

Markets

Commodity Market Report by CapitalVia

Mr. Vivek Gupta – Director Research CapitalVia Global Research Limited Gold futures edged up on Friday, but still remained within close distance of six-week lows as Thursday’s data showing that U.S. unemployment benefits remained near a post-recession bottom last week continued to weigh. Gold futures were likely to find support at $1,276.20 an ounce and […]

Business

SC allows Subrata Roy to use conference room in Tihar

The Supreme Court on Friday allowed Sahara chief Subrata Roy to use the conference room in Tihar jail complex for ten days from 5th August to hold negotiations with potential buyers to sell his three luxury hotels in New York and London to raise Rs 10,000 crore to get regular bail. A bench headed by […]

Stock & Share

Sensex falls most in over 3wks, down 414pts on global sell-off

The benchmark Sensex plunged over 414 points, logging its biggest single-day drop in over 3 weeks, to end at 25,480.84 on across-the-board losses in bluechips amid a global sell-off. With dollar gaining strength against most global peers, the rupee breached the 61-mark to trade at over three-month low of 61.17 (intra-day). After US Fed trimmed […]

Markets

Nifty Report by CapitalVia Global Research

Mr. Vivek Gupta – Director Research CapitalVia Global Research Limited The markets opened in green tracking positive global cues. In addition to that positive QI numbers posted by few big guns like energy major RIL, HDFC bank, Axis Bank etc contributed to the rise. Moreover, the advancement of monsoon rains has boosted the market sentiments. […]

Banking

Union Bank of India announce its Q1FY15 results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter rose by 18.54% at Rs 664.11 crore as compared to Rs 560.22 crore for the quarter ended June 30, 2013. Its total income has increased by 12.26% to Rs 8547.56 crore for the quarter under review from Rs 7613.53 crore for the corresponding quarter of the previous year. […]

Banking

Central Bank Of India Revises Interest Rates On FCNR-B DEPOSITS w.e.f. 01.08.2014

The Bank now offers interest of 4.90 % for USD Deposit of 5 Years, 5.19 % for GBP Deposit of 5 Years, 3.66 % for EURO Deposit of 5 Years, 4.96 % for CANADIAN DOLLAR Deposit of 5 Years & 6.30 for AUSTRALIAN DOLLAR Deposit of 5 Years. These rates are revised based on the […]