money News

From Personal Finance About a year ago

EPFO settles over 50 lakh claims in Apr-Aug of FY14

Retirement fund body EPFO settled over 50 lakh claims in the first five months of 2013-14

From Personal Finance 1 year ago

Cabinet expected to change NPS withdrawal norms

60 per cent of the total amount is given as lumpsum, while 40 per cent is used to purchase an annuity.
From Corporates & Markets 5 months ago

End of tightening, new policy framework begins

The RBI announced a reduction in the number of policy reviews from 8 per year to 6 per year.

From BANKING & FINANCE 5 months ago

Premature to say we’re moving towards inflation targeting: Raghuram Rajan

Raghuram Rajan said the central bank is cognizant of the weak state of the economy.
From Corporates & Markets 5 months ago

Yields end lower as RBI takes sting off rate shock

Caution ahead of FY15 govt borrowing programme, fiscal deficit target may keep upward pressure on yields.

From Personal Finance About a year ago

Income tax: Loss from sale of shares not eligible for setting off against other long-term capital gains

Under Income Tax Act any sum of money exceeding Rs 50,000 received as gift is taxable.
From Market 1 year ago

Quick View: SX40 derivative turnover crosses Rs 1,000-cr mark

MCX Stock Exchange’s flagship index SX40 on Friday crossed the turnover of 1,000 crore mark on its derivatives segment within two-month of its launch.
From Market 1 year ago

JSW Energy on good wicket, upgrade to ‘buy’

We upgrade JSW Energy to ‘buy’ from ‘neutral’, but reduce our target price to R54 from R58 per share. Multiples appear sufficiently attractive (FY15f P/B at 0.9x, P/E at 6.7x; FY14f dividend yield at 3.7%) to accumulate the stock.
From Market 1 year ago

Upgrade NMDC to ‘buy’, target Rs 120

We upgrade NMDC to ‘buy’ from ‘neutral’ with a target price of R120 based on DCF to better capture the company’s asset valuation. Our target price implies Q2FY15e multiple of 8x (global peers at 6-10x).
From Market 1 year ago

MF industry not enthused by Sebi chief’s comment on raising minimum capital requirement

Fund houses and industry experts are not on the same page as the capital market regulator on the need to increase the minimum capital requirements for mutual fund houses and setting up more physical branches in tier-II and tier-III cities.
From Market 1 year ago

Nod to gas price hike gives energy boost to RIL, ONGC & GAIL

Energy producers Reliance industries (RIL) and ONGC led market gains on Friday after a government committee approved the doubling of natural gas prices starting next year.
From Market 1 year ago

DIIs keep the faith, turn net buyers after 11 months

Domestic institutional investors (DIIs) turned net buyers this month after 11 months of sustained selling amounting to Rs 86,000 crore.
From Market 1 year ago

Markets step up on the gas

FIIs take heart from govt move to hike price; indices post biggest single-day rally in nearly 2 years.
From Market 1 year ago

RBI will take necessary steps to stem R fall: HR Khan

With rupee touching new lows, deputy governor HR Khan said RBI will take every step required to stem the plunge of the currency.
From Market 1 year ago

No need to panic, RBI will take action if needed: FM

Finance minister P Chidambaram said there was no need to panic on rupee fall and RBI will take action when necessary.
From Market 1 year ago

Quick View: No extending licence deadline, says RBI

Reserve Bank of India will not extend the deadline for submission of applications to set up new banks in the private sector.