Gaurav Sangwani | January 18, 2018 5:11 PM
Founded in 2016 by Vijay Arisetty, Abhishek Kumar, Shreyans Daga, and Vivaik Bhardwaj, myGate solves security and visitor issues with a smart app-based solution in gated premises. The business ensures security and safety of gated premises by deploying BIAA (Behavioral Intellect Augmented Authentication) that is best suited for hassle free connection with residents and their service personnel/s.
Abhijeet Singh | January 18, 2018 5:10 PM
Indian stock markets continued the record-breaking run on Thursday with Sensex and Nifty settling at fresh closing highs on reports that government is considering raising FDI limit in banks while most of the mid-cap shares fell into negative territory in afternoon trade.
Abhijeet Singh | January 18, 2018 2:30 PM
The benchmark Sensex index crossed 35,500 on Thursday, just a day after breaching the psychological mark of 35,000 on Wednesday, gaining as much as 736 points in 2 days. We take a look at seven reasons which helped Sensex to climb 35,500-mark.
FE Online | January 18, 2018 1:40 PM
With the 30-share Sensex crossing the psychological 35,000 figure, and the Nifty scaling 10,800, stock market veteran Madhusudan Kela says that the index has risen against all odds in the last 10-15 years to reach the magic figure. We take a look at what the market expert is betting on at current levels.
FE Online | January 18, 2018 1:08 PM
Global research firm Credit Suisse cheered for the shares of Zee Entertainment, after the Indian media conglomerate reported strong Q3 earnings. The company has reported a 28% increase in consolidated net profit at Rs 321.72 crore for the December quarter, mainly on account of higher advertisement revenue.
FE Online | January 18, 2018 12:57 PM
HDFC Securities has set up a target of 11,800 for the Nifty for FY19. The domestic stock brokerage expects Nifty earnings to grow by 13.5 percent this fiscal year from 10.4 percent a year ago. HDFC Securities expects earnings of Nifty are likely to register a growth of 21.5 percent, in the fiscal year 2019.
FE Online | January 18, 2018 12:49 PM
With Baba Ramdev-led Patanjali Ayurved eyeing to pip HUL’s turnover by the end of next year, the competition for the Haridwar based company just got tougher, after a 4.1% rise in revenue reported by HUL in the latest quarter. We take a look at company’s rise in the last five years.
HDFC Bank market cap tops Rs 5 lakh crore for 1st time; becomes 3rd Indian company to enter the clubAbhijeet Singh | January 18, 2018 11:21 AM
The market capitalisation of HDFC Bank topped Rs 5 lakh crore on Thursday for the first time ever, with this HDFC Bank became the third Indian company to enter Rs 5 lakh crore market cap club
BFSI shares rally: HDFC twins, Yes Bank, SBI, IndusInd Bank, Axis Bank, ICICI Bank, PNB surge up to 5%Abhijeet Singh | January 18, 2018 10:29 AM
Shares of BFSI (Banking, Financial Services and Insurance) sector rallied heavily on Thursday with HDFC twins, Yes Bank, IndusInd Bank, SBI, ICICI Bank, PNB, Axis Bank, rising up to 5% in today’s trade.
FinMin banks on HPCL-ONGC deal to mop up over Rs 90,000 crore in disinvestment, narrow fiscal deficitFE Online | January 18, 2018 10:26 AM
Riding on the back of expected HPCL-ONGC deal, the government is eyeing to end FY18 with record disinvestment receipts of over Rs 90,000 crore as against the Budget target of Rs 72,500 crore. It is almost the double of over Rs 46,000 crore recorded last year.
FE Online | January 18, 2018 10:18 AM
With the 30-share Sensex hitting all-time high of 35,000, raising concerns of over-exuberance in the markets, ace investor Porinju Veliyath says that 35,000 could be the base for the index in the coming years.
FE Online | January 18, 2018 9:42 AM
After teaming with billionaire investor Radhakrishnan Damani to bid for Binani Cement, investment maestro Rakesh Jhunjhunwala has reportedly bid for Star Health & Allied Insurance, the first stand-alone health insurance company.
Dalal Street at new records: Sensex rallies 395 pts, Nifty nears 10,900; HDFC Bank hits all-time highAbhijeet Singh | January 18, 2018 10:36 AM
The party at Dalal Street continued on Thursday as India’s stock markets hit fresh record highs with Sensex rallying 395 points and Nifty nearing 10,900 mark for the first time ever today. Shares of India’s most valuable lender HDFC Bank hit an all-time high.
Shares of SBI, TCS, Airtel, Yes Bank, Bharti Infratel, HUL, Mindtree, Adani Ports, Zee Entertainment in focus todayFE Online | January 18, 2018 9:09 AM
Indian stock markets are likely to open higher on Thursday on the back of optimism revival as the government lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated earlier.
Reuters | January 18, 2018 8:36 AM
South Korea’s financial regulator chief said the government is considering shutting down all local virtual currency exchanges in a national policy committee meeting on Thursday.
FE Bureau | January 18, 2018 6:00 AM
The decision to trim the additional borrowing comes a day after the bond market saw a sharp sell-off led by Reserve Bank of India (RBI) deputy governor Viral Acharya’s comments that the interest rate risk of banks could not be managed over and over again by the regulator.
FE Bureau | January 18, 2018 5:49 AM
The foods and refreshments segments saw some pressure on profitability, but improved profitability in the home care and personal care segments, which together account for about 76% of revenues, ensured that on aggregate the company’s profitability improved.
Shritama Bose | January 18, 2018 3:56 AM
An SDR allows banks to convert debt at a price below the current market value and can now own 51% or more of the equity of the company.
Yoosef KP | January 18, 2018 3:34 AM
Shares of Asian Paints rose more than two-fold in the second rally of 5,000 points between June 2014 and April 2017. HDFC Bank and HDFC climbed 92% and 74.5% during the same period.
FE Bureau | January 18, 2018 3:31 AM
UR Bhat managing director of Dalton Capital Advisors said the government’s intent is clearly to bring down taxation levels while, at the same time, reducing myriad exemptions. However, the government is not likely to do it in the 2018 budget because it is the last budget before the federal elections.
FE Bureau | January 18, 2018 3:27 AM
The company has priced its IPO in the range of Rs 855–859. When calculated at the upper end of the price band, this will put the offer size at Rs 600 crore.
SRCM took a reversal of DMF provision of Rs 40.33 crore in the quarter to account for Jan-Sept 2015 levies. The power division delivered an EBITDA of Rs -0.2/unit as higher pet-coke costs decreased profitability in the quarter.
Kotak Securities | January 18, 2018 3:10 AM
The company supplies to nearly all the major auto OEMs across the four, two wheeler and LCV segment. KNPL’s strong dominance in automotive paints segment is supplemented by its parent Kansai’s association with global OEMs that have a strong presence in India.
Nanda Kasabe | January 18, 2018 2:25 AM
Prices of tur are ruling below MSP across major markets in the key growing regions such as Maharashtra and Karnataka, among other states.
Reuters | January 18, 2018 1:48 AM
The Dow, after briefly hitting the 26,000 milestone on Tuesday, its fastest 1000-point rise, is on track to close above that mark for the first time.
PTI | January 17, 2018 10:05 PM
NSE conducts live trading from new disaster recovery site Leading stock exchange NSE today successfully completed a live-trading from its new disaster recovery (DR) site in the city.
PTI | January 17, 2018 6:01 PM
India’s gold imports rose 53 per cent to 846 tonnes last year on strong domestic demand and lower global prices, according to MMTC-PAMP India
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