The BSE benchmark index Sensex on Monday rose by 110 points to close at a one-month high level on increased buying in capital goods and banking stocks despite a weak global trend. After a weak start, the 30-share index gained 110.69 points, or 0.53 per cent, to settle at 20,811.44 points, a level last seen […]
Mumbai: SKS Microfinance Limited today announced the seventh substantial microfinance securitization during the current financial year of Rs. 158.27 crore. The first six substantial securitizations were: Rs. 321 crore (on September 30, 2013), Rs. 80.81 crore (on December 11, 2013), Rs. 215 crore (on December 19, 2013), Rs. 55 crore (on December 30, 2013), Rs. […]
Mumbai: As a part of philanthropic initiative, HDFC Asset Management Company Limited, one of the most trusted and premier fund house in association with Indian Cancer Society (ICS) today announced the launch of HDFC Debt Fund for Cancer Cure 2014 (HDFCC14) that would help the investors preserve their own capital and also donate for the […]
Bangalore: Fullerton India Credit Company Limited today announced their un-audited results for the third quarter ended December 31, 2013. The company reported a strong Q3FY2014 financial performance with a Profit After Tax (PAT) of Rs. 48 Crores, recording a 47% growth over the same period last year. Revenues from the business touched Rs.362 Crores, representing […]
The benchmark BSE Sensex fell over 62 points in early trade on Monday due to profit-booking by funds and retail investors after previous session gains amid a weak trend in other Asian markets. The 30-share index, which had ended 164.11 points higher on Friday, slipped by 62.09 points, or 0.30 percent, to 20,638.66 in early […]
World’s top 20 nations pledged to boost global growth by 2 percent, or over USD 2 trillion, over five years, and agreed to work on automatic tax information flow and IMF reforms — meeting key demands of India. The communiqué on Sunday, issued after the G20 finance ministers and central bank governors meet, also took […]
By Mr. Vivek Gupta- Director Research Commodity market outlook Precious metal:- Gold prices rose on Friday due to disappointing US and Chinese manufacturing data, but over all improvement in Global economic condition and continued stimulus tapering by Federal reserve could dent safe heaven appeal. On the domestic market, traders expected jewellers across Asia to buy […]
Finance Minister P Chidambaram arrived in Sydney on Saturday to attend the two-day G20 meeting of Finance Ministers and central bank governors during which he is expected to press for expeditious reforms in the IMF, among other things. He is also expected to raise the issue of automatic sharing of tax information and greater transparency […]
Finance ministers and central bank governors of G20 nations, including India, will brainstorm in Sydney for two days beginning on Saturday to chalk out strategies for faster and sustainable global growth, taxation reform and infrastructure funding. Besides, developing countries such as India will pitch for the much-awaited quota reforms in the International Monetary Fund (IMF), […]
Sensex rebound over 164 points on Friday amid a strong show in global markets, helping the BSE benchmark register its first weekly gain in four. The 30-share BSE index, which had lost 186.33 points in the previous trading session, recovered 164.11 points, or 0.80 per cent, to end at 20,700.75. Friday’s Sensex gain is its […]
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