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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 […]

Business

Rupee tanks to 3-mnth low of 60.55 vs $, down 49 p on outflows

The rupee on Thursday depreciated 49 paise to close at a three-month low of 60.55 against the US dollar on capital outflows after the US Fed trimmed its monthly bond buying programme by another USD 10 billion. Heavy dollar demand from importers and weakness in local equities also pulled the rupee down against the Greenback. […]

Business

Petrol price cut; diesel gets costlier

Petrol price was cut by Rs 1.09 per litre, the second reduction in three-and-half-months, while diesel rates were hiked by 56 paise a litre. The revisions will be effective Thursday midnight, Indian Oil Corp, the nation’s largest oil firm, announced. Petrol in Delhi will cost Rs 72.51 per litre as against Rs 73.60 a litre […]

Banking

Exim Bank of India collaborates with SelectUSA to promote Indian Investments into USA

Mumbai: Chairman & Managing Director of Export-Import Bank of India (Exim Bank) Mr. Yaduvendra Mathur and Executive Director of SelectUSA Mr. Vinai Thummalapally signed a Memorandum of Intent (MOI) on July 30, 2014, in the presence of US Secretary of Commerce Ms. Penny Pritzker, to encourage collaboration to promote Indian investment to the United States. […]

Business

Rupee rises 7 paise Vs USD to end at over 2-week high of 60.06

In line with the recovery in local equities, the Indian rupee on Wednesday washed out early losses and closed up by seven paise at over two-week high of 60.06 against the greenback. Fresh dollar selling by exporters too aided the rupee rise while a firm dollar overseas capped the rupee rise. FIIs had injected Rs […]

Business

India must decide role in global trade order: Kerry

As India has taken a tough stand at WTO, US Secretary of State John Kerry has said New Delhi must decide its role in global trade order. Ahead of his official visit to India, Kerry said, “As we work with our trading partners around the world to advance trade and investment liberalisation, India must decide […]

Business

Oil prices ease in Asian trade

Oil prices eased in Asia on Wednesday as dealers stood on the sidelines awaiting the latest US stockpiles report for clues about demand in the world’s top crude consumer, analysts said. US benchmark West Texas Intermediate for September delivery fell six cents to USD 100.91 and Brent crude for September was down 34 cents at […]

Business

Tata group to invest $35bn in 3 yrs; FY14 revenue tops $100bn

Tata group will invest USD 35 billion in the next three years as part of its vision 2025 by when it expects to achieve market capitalisation comparable to the world’s top 25 companies. Addressing the Tata group’s Annual Leadership Conference in Mumbai on Tuesday, Tata group Chairman Cyrus Mistry laid out the road map for […]