money News

From Market 1 month ago

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Mutual funds in the country are betting “dangerously high” on the banking stocks, claiming about 20% of their portfolio allocations amid concerns that the banks would post an erosion in the quarterly earnings,according to a study by Assocham.

From Market 1 month ago

USL stock slides on Diageo deal concerns

Shares of United Spirits continued their slide for the second consecutive day on Tuesday on concerns that the proposed deal with Diageo could face fresh roadblocks.

From Market 1 month ago

Sail stake sale fetches R1,516.17 cr

The government has garnered as much as R1,516.17 crore from selling its 5.82% stake through the offer for sale route in the Steel Authority of India on March 22.

From Market 1 month ago

‘Outperform’ on Bharti as mobile strategy bearing fruit

We assign an ‘outperform’ rating to Bharti Airtel as the company’s aggressive India mobile strategy, started in April 2012, is bearing fruit.

From Markets 1 month ago

Equity MF outflows in FY13 highest in 6 years

It has been a tough fiscal for the mutual fund industry, particularly with respect to attracting investment into equity schemes.

From Market 1 month ago

Sensex up 176 pts to end above 19k-mark

Rising for the fourth straight day, the BSE benchmark Sensex on Tuesday jumped by 176 points to regain 19,000-mark after two weeks on sustained buying in bluechipslike RIL, Sun Pharma, L&T and SBI after government said it will continue to argue for lowering of interest rates by RBI.

From Market 1 month ago

Cautious note: BofA-ML says earnings downgrades likely to continue in FY14

The market may be close to the bottom of the earnings cycle, but the new financial year is unlikely to be one of recovery.

From Market 1 month ago

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SKS Microfinance has concluded two microfinance securitisation transactions aggregating Rs226 crore, rated A+.

From Market 1 month ago

Reckless use of credit card can cause unimaginable damage

From Market 1 month ago

FII debt limit norms eased, but short-term buys cut

In a bid to simplify the debt investment norms for foreign investors, Reserve Bank of India (RBI) has that several sub-limits within the investment limit for government and corporate bonds would be merged together.

From Market 1 month ago

PNB cuts deposit rates by 200 bps; others to wait

State-owned lender Punjab National Bank has reduced deposit rates by up to 200 basis points across maturities, it said on its website on Monday.

From Market 1 month ago

UBI files winding -up petition against UBHL to recover debt

United Bank of India, which has a R400-crore exposure to the Kingfisher Airlines, has filed a winding up petition against United Breweries Holdings, in the Karnataka High Court.

From Market 1 month ago

Noose tightens around Mallya co

Holdings to provide lenders with additional securities after UB Holdings moved the court asking for relief against liquidation of assets of United Spirits Limited by State Bank of India and other lenders.

From Market 1 month ago