FE Online | March 15, 2018 10:55 AM
Shares of Indian Oil Corporation dropped over 7% in the last two sessions as the stock of India’s largest enterprise turned ex-bonus today. In the last two trading session, the shares of Indian Oil Corporation has dived about 7% to a day’s low of Rs 189.25 from a level of Rs 197.6 (bonus-adjusted).
FE Online | March 15, 2018 1:03 PM
The stock of MMTC Ltd skyrocketed 20% hitting the upper circuit as the state-owned metals and mining PSU and India’s largest exporter has been mulling to issue bonus shares which is subject to the approval in its board meeting scheduled on 19 March 2018.
Bandhan Bank IPO to raise up to Rs 4,500 crore opens today; 5 key things to know about India’s biggest bank issueSushruth Sunder | March 15, 2018 10:34 AM
Bandhan Bank IPO to raise up to Rs 4,473 crore opens for subscription today. We take a look at four key details and what brokerages have to say about the issue.
FE Online | March 15, 2018 9:28 AM
Indian stock markets opened flat on Thursday with Sensex starting in green while Nifty beginning in the negative territory as the major indices of Wall Street plunged for the third consecutive day while shares of Wipro jumped over 2% in the morning deals.
Reuters | March 15, 2018 9:09 AM
Stock markets slipped broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.45 percent.
Reuters | March 15, 2018 9:00 AM
U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.
Reuters | March 15, 2018 8:52 AM
Oil prices held steady on Thursday, supported by healthy global demand but capped by the relentless rise in U.S. production.
Shares of Airtel, ICICI Bank, TVS Motor, ITI, BPCL, L&T, HPCL, Wipro, IOC, Jet Airways in focus todayFE Online | March 15, 2018 8:51 AM
Indian stock markets are likely to open lower on Thursday following a downtick in most of the Asian peers as US stock markets ended lower for the third straight session with Dow Industrials falling nearly 250 points.
NHPS is game changer in improving healthcare access, DG of Organisation of Pharma Producers of IndiaBV Mahalakshmi | March 15, 2018 3:18 AM
The recently-introduced National Health Protection Scheme (NHPS) in the Union Budget 2018 is expected to offer health coverage to millions and is claimed to be the world’s largest public health insurance plan.
FE Bureau | March 15, 2018 3:08 AM
The Reserve Bank of India’s (RBI) move to ban letters of undertaking (LoU) and letters of comfort (LoC) for trade credit could accelerate the movement of business to private banks from their public sector counterparts, industry experts said.
FE Bureau | March 15, 2018 3:04 AM
Mini-ratna speciality alloy maker Mishra Dhatu Nigam Limited (Midhani) has set a price band of Rs 87 to Es 90 for its initial public offer (IPO). The IPO is an offer for sale of 4.87 crore shares, which at the upper price of the band will translate into an offer size of Rs 438 crore.
Yoosef KP | March 15, 2018 2:59 AM
Indian private sector banks rank among the most highly valued globally. Four Indian banks find themselves in a list of 11 with market capitalisations of over $10 billion each and a price-to-book-value ratio (P/BV) of greater than 3, data sourced from Bloomberg showed.
Rajesh Ravi | March 15, 2018 2:42 AM
Pesticide Management Bill 2017 is not comprehensive enough to address the multitude of concerns about pesticides in India, according to toxicity watchdog Pesticide Action Network (PAN) India.
Nanda Kasabe | March 15, 2018 2:40 AM
India, which ranks 14 on the list of global exporters of agricultural products, fishery and forestry items, suffers around $14-billion loss annually due to the lack of effective cold chain management system.
PTI | March 14, 2018 11:57 PM
PC shipments in India grew 11.4 per cent in 2017 to 9.56 million units from the previous year, driven primarily by the increase in the quantum of large projects and surge in shipments post GST reforms.
Despite volatile markets mutual fund industry added 15.72 lakh new folios in February 2018, says ICRAFE Online | March 14, 2018 8:34 PM
In February 2018, the assets under management (AUM) of the Indian mutual fund industry were recorded at Rs 22.20 lakh crore, according to a report compiled by ratings agency ICRA.
FE Online | March 15, 2018 5:51 PM
The IPO of Bharat Dynamics which opened on Tuesday, 13 March 2018, got oversubscribed by 14% on the last day of bidding with QIBs flocking the issue.
FE Online | March 14, 2018 5:11 PM
In its latest report, HDFC Securities is bullish on the shares of a major FMCG large cap stock, and says that the company is slated to regain market share in the coming months.
FE Online | March 14, 2018 4:00 PM
Indian stock markets settled in the negative territory for the second consecutive session on Wednesday with the key equity indices Sensex and Nifty ending marginally lower in red as shares of blue-chip companies such as HDFC, ITC plunged while shares of PSU banks rose up to 14%.
FE Online | March 14, 2018 2:06 PM
While a few market experts see the telecom industry benefiting from the ongoing consolidating in the space, Shankar Sharma of First Global says that he stopped buying shares from the industry way back in 2007, and the space is slated to continue to experience distress.
FE Online | March 14, 2018 1:56 PM
Shares of InterGlobe Aviation tanked over 5% on Wednesday as the low-cost airline has cancelled as many as 42 flights on DGCA’s move to ground 11 aircraft.
A month of PNB-Nirav Modi fraud: PNB shares lose 40%; a look at Rs 13,600 crore scandal in 13 pointsAbhijeet Singh | March 14, 2018 12:52 PM
PNB fraud: It’s been a month today when nation’s second-largest PSU bank Punjab National Bank first informed about the fraud entailing the diamond merchant Nirav Modi and his uncle Mehul Choksi. We take a look at the Rs 13,600 crore scandal in 13 points.
Ashish Pandey | March 14, 2018 2:02 PM
Yes Bank Ltd on Tuesday acquired more than 17 percent stake in Fortis Healthcare Ltd post invocation of pledge on the equity shares subsequent to default by the promoters group companies.
Sushruth Sunder | March 14, 2018 12:42 PM
With Sensex and Nifty turning increasingly volatile, investors may find it difficult to pick quality stocks. We take a look at 5 blue chip stock buying ideas by Ajay Bodke, CEO & Chief Portfolio Manager (PMS) at Prabhudas Lilladher.
PNB fraud was unexpected, longer tenures must be given to current PSU bank chiefs, says Raamdeo AgrawalFE Online | March 14, 2018 11:13 AM
PNB scam was unexpected. The government must give extended tenures to the current PSU Bank chiefs, Raamdeo Agrawal said.
FE Online | March 14, 2018 10:52 AM
The Indian rupee weakened against the US dollar tumbling about 17 paise as BSE Sensex turned red for the second straight session on Wednesday following the pessimism over PNB fraud and declines in US stock markets.
Sushruth Sunder | March 14, 2018 10:26 AM
India’s major conglomerate Tata Sons has sold a 1.48% stake in IT behemoth TCS to raise nearly Rs 8,200 crore ($1.25 billion) even as the company looks to consolidate its holdings in other auto and steel related group firms. We take a closer look at the billion dollar deal.
- Budget passed in Lok Sabha without discussion; Finance bill, Appropriation bill passed by voice vote
- Assam Budget proposes new schemes for women, education sector
- Assam Finance Minister to present first e-Budget tomorrow
- No fresh tax in Rs 41,440 cr Himachal budget for 2018-19
- Andhra Pradesh Budget 2018: YSR Congress to boycott session starting tomorrow
- Budget 2018: Opposition set to corner government in Parliament on financial scams
- Budget 2018: UPA’s and NDA’s starkly differing priorities
- Why universities need better budgetary support
- Budget 2018: Madhya Pradesh Assembly’s financial session to begin tomorrow