Reuters | January 19, 2018 4:11 PM
The dollar laboured near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015.
AFP | January 19, 2018 4:06 PM
The United States are set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said today.
PTI | January 19, 2018 4:02 PM
Leading stock exchange BSE today said it will introduce e-mandate facility on its mutual fund distribution platform from tomorrow, a move that will help in significantly reducing SIP registration cycle.
FE Online | January 19, 2018 4:03 PM
The party in D-Street continued on Friday, as Sensex and Nifty hit fresh life highs buoyed by a surge in financial stocks amid improved investor sentiment after the government decided to cut tax rates on certain products and services. Sensex closed at 35,511.58, while the 50-share Nifty ended at 10,900 on Friday.
FE Online | January 19, 2018 2:58 PM
The Securities Appellate Tribunal on Friday refused to grant a stay on the two-year SEBI ban on audit major Price Waterhouse (PW) to undertake new clients.
PTI | January 19, 2018 2:18 PM
To make REITs and InvITs more attractive, markets regulator Sebi has allowed strategic investors like registered NBFCs and international multilateral financial institutions to invest up to 25 per cent of the total offer size of such trusts.
Pragya Srivastava | January 19, 2018 2:54 PM
Petrol price in Mumbai is inching towards Rs 80 per litre as the Brent crude oil continues to rally above $68 per litre, after touching $70.37 on Monday, a three-year high, on back of global geopolitical risks, higher demands and production cuts.
Sushruth Sunder | January 19, 2018 1:17 PM
Even as the beating in BSE MidCap index continued on Friday morning with stocks such as Jindal Steel & Power, Reliance Communications and Mphasis plunging by more than 2.5% each, top fund manager Mahesh Patil of Aditya Birla Sun Life Mutual Fund says that the space could remain volatile going forward.
PTI | January 19, 2018 12:54 PM
The commerce ministry has allowed imports of non-standard steel products through Nhava Sheva, Mumbai and ICD-Tughlakabad in the national capital.
Budget 2018: Will rising fiscal deficit prompt Arun Jaitley to raise LTCG holding period in equities to 2 years?Ashish Pandey | January 20, 2018 12:24 AM
Budget 2018 will be tabled in Parliament on February 1. Finance Minister is expected to increase the holding period of LTCG from equities to over two years from one year at present and this would automatically come at par with the holding period that already exists for unlisted shares and transactions in real estate.
Sushruth Sunder | January 19, 2018 1:32 PM
Midcaps and smallcap stocks have had an excellent run at the bourses in the preceding year 2017. However, the S&P BSE MidCap index has undergone a correction of more than 1.5% in the last two weeks, and was trading at 17,667 this morning. We take a look at what experts have to say about the prospects of the segment going forward.
IANS | January 19, 2018 11:38 AM
Tata Steel on Friday said its wholly own subsidiary incorporated in Singapore, Abja Investment Co Pte Ltd, has successfully issued dual tranche of $1.3 billion of unsecured bonds in the international markets.
Reuters | January 19, 2018 11:37 AM
Rakesh Jhunjhunwala said, “don’t forget from 1988 to 2013, we had no single party in power in parliament. Still, every institution of democracy, whether the supreme court, or the army, or the reserve bank, or the comptroller and auditor general worked perfectly.”
Global brokerages bullish on Bharti Airtel shares despite dismal Q3 results, but watch out for these concernsAshish Pandey | January 19, 2018 11:15 AM
Global brokerages CLSA and Nomura have maintained ‘buy’ call on Bharti Airtel despite the telecom major posting dismal Q3 results on Thursday. Bharti Airtel reported over 39 percent fall in its consolidated net profit for the third quarter ended December 31, 2017 to about Rs 306 crore.
This real estate stock tripled since Modi’s demonetisation; buy now and gain over 60% in next 4 monthsFE Online | January 19, 2018 10:57 AM
Indian stock markets have been continuously rallying over the last one year Sensex and Nifty making newer peaks day after day. We bring to you a real estate stock which has more than tripled since Modi’s demonetisation to buy and gain over 60% in next four months.
FE Online | January 19, 2018 10:45 AM
Global brokerages Deutsche Bank and Nomura reiterated their bullishness on shares of Yes Bank, after India’s fifth-largest private sector lender reported stellar Q3 results.
Gaurav Sangwani | January 19, 2018 10:45 AM
Xiaomi’s investment in Indian social platform ShareChat, MyGate’s fundraising of $2.5 million, South Asian cab hailing giant Grab’s acquisition of Indian fintech startup, After Mastercard this startups raises from Tiger Global and YCombinator and SAIF Partners’ investment in Rivigo
Abhijeet Singh | January 19, 2018 10:16 AM
The Indian rupee became stronger on Friday gaining as much as 23 paise against the US dollar in the early trades.
Ashish Pandey | January 20, 2018 12:27 AM
Budget 2018: Considering the amount of fiscal pressure that the government is burdened with, Budget 2018 may not turn out to be populist in nature. In fact, it will be more towards rationalisation of spending to accommodate higher social expenditure.
Abhijeet Singh | January 19, 2018 9:50 AM
India’s stock started on a positive note on Friday with Sensex and Nifty opening in green ahead of blue-chip third-quarter earnings with shares of Reliance Industries, ITC, Kotak Mahindra Bank, Yes Bank and Adani Ports rising up to 4%.
Shares of Airtel, RIL, HDFC Bank, ITC, Kotak Mahindra Bank, Wipro, HCL Tech, Jubilant Foods, Tech Mahindra, Adani Ports in focus todayFE Online | January 19, 2018 8:53 AM
Indian stock markets are likely to open marginally higher on Friday on the back of Q3 earnings optimism after Sensex and Nifty finishing at their lifetime peaks in yesterday’s trade.
FE Bureau | January 19, 2018 3:17 AM
Total assets grew by 36.2% year-on-year to Rs 2.65 lakh crore, deposits grew 29.7% to Rs 1,71,731.40 crore
FE Bureau | January 19, 2018 3:10 AM
Bankers need to protect their interest by strictly enforcing the covenants, properly pricing their risks, and reacting to early warning signals about the incipient stress building up with their borrowers, RBI deputy governor NS Vishwanathan said at an event organised by CARE Ratings on Thursday.
Shayan Ghosh | January 19, 2018 3:06 AM
The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed a petition by Monnet Ispat’s resolution professional against the ministry of coal for issuing a termination notice of its coal mine in Chattisgarh.
FE Bureau | January 19, 2018 3:02 AM
Public sector lender Allahabad Bank on Thursday said shareholders have approved the bank’s plan to issue 5 crore shares to employees under its Employee Share Purchase Scheme (ESPS).
Shritama Bose | January 19, 2018 2:58 AM
Allahabad Bank has put on sale its loans to 55 different entities worth Rs 901.07 crore. It has sought bids from asset reconstruction companies (ARCs) on a cash basis or through a mix of cash and security receipts (SRs), according to a sale document.
Timelines of Insolvency and Bankruptcy Code are extremely strict, says Bahram Vakil of AZB & PartnersShritama Bose | January 19, 2018 2:54 AM
As the Insolvency and Bankruptcy Code (IBC) takes its course, the insolvency infrastructure will have to keep being ramped up, Bahram Vakil, founding partner at AZB & Partners and member of the Insolvency Law Committee, told Shritama Bose.
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