Oil Prices: OPEC+ pact may have averted crude glut

OPEC producers cut back sharply during December, before their next reductions were due to take effect. Saudi Arabia did the heavy lifting, making curbs that allowed the organization’s 14 members to eliminate somewhere between 580,000 and 840,000 barrels
Markets News

Asian shares edge up, ECB meeting in focus

The ECB's meeting will come a day after the Bank of Japan cut its inflation forecasts.

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Bank of Maharashtra loss widens amid spike in provisioning

Bank of Maharashtra on Wednesday reported a net loss of Rs 3,764 crore during the quarter ended December 2018, a more-than-six-fold increase year-on-year, due to spike in provisions due to higher non-

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Ujjivan Q3 profit rises 54 per cent as NII improves

Total income came in at Rs 512.6 crore, up 33.45% year-on-year, pushed up by a higher net interest income, which rose by 30.2% to Rs 255 crore. The lender’s net interest margin (NIM) stood at 11.8%,

Ujjivan, Ujjivan Q3 profit, Ujjivan financial services News

Analyst Corner: ICICI Prudential is trying earnestly to resurrect itself

A closer look into the broader life insurance sector suggests that not much has changed in terms of the interplay between the private life insurers and the public behemoth LIC of India.

ICICI Prudential, ICICI Prudential news

Analyst Corner: ‘Hold’ on SIB – high credit cost may hit profitability

High credit cost and flat income growth led to South Indian Bank’s (SIB’s) weak earnings in Q3. Higher slippages from the corporate portfolio led to deterioration in asset quality.

south indian bank News

Maharashtra sugar millers seek concessions from PSBs, DCBs to push export

Maharashtra State Cooperative Sugar Factories Federation (MSCSFF) has urged district urban cooperative banks and public sector banks to follow the same model adopted by the Maharashtra State Cooperati

Maharashtra sugar millers, maharashtra PSBs, sugar millers News

Moody’s upgrades IDBI Bank’s rating by a notch on LIC takover

The upgrade follows the Life Insurance Corporation acquiring 51 percent stake in the crippled lender which has around 32 percent of its assets as dud loans, thereby, improving its solvency.

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ITC share price plunges 5% after Q3 results; key things to know

Shares of India’s major FMCG giant ITC plunged in trade on Wednesday, after the firm reported tepid Q3 results for the latest quarter.

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Share Market Highlights: Sensex closes 336 points down, Nifty below 10,850; ITC, M&M among top losers

Track Share Market Highlights: The domestic stock markets --Sensex and Nifty--turned choppy in the afternoon trade on Wednesday, after opening the session mildly lower. The Sensex closed 336.17 points

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Asian shares dip, worries over growth and trade sour mood

Japan's exports and imports also fell short of market expectations, with exports posting the biggest fall in more than two years.

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ICRA puts ratings of 6 mutual fund schemes under watch: Read details

Two top fund houses have marked down some of their debt schemes by 20-25% after another ratings agency Crisil downgraded two IL&FS SPV bonds.

Markets News

IDRBT proposes road map for blockchain technology

IDRBT has been working with government, banks and industry for building a blockchain that can serve as a common platform to launch varied applications.

Markets News

DCB Bank: Maintain ‘Hold’ with a target price of Rs 211

While DCB’s performance has been steady, we believe NIM pressure along with high cost ratios will translate in to sub-par RoE (14–15% by FY21E), implying limited upside.

Markets News

Kajaria Cements: Maintain ‘Buy’ with a target price of Rs 625

KJC reported impressive Q3 numbers – strong volume growth and firm margins q-o-q – despite a tough economic environment. The numbers were in-line with our estimates but demonstrated a significant

Markets News

Good news! Maharashtra to extend subsidy scheme for onion farmers

Last month, the state government had announced subsidy on onion sold from November 1 to December 15, due to the drop in onion prices.

Markets News

Coconut oil market to firm up on short supply

The coconut oil market is likely to firm up this season due to short supply from key states like Kerala and Tamil Nadu. The impact of floods in Kerala and cyclone Gaja in the neighbouring Tamil Nadu i

Markets News

Sebi issues new format for mutual funds’ monthly report

Markets regulator Sebi Tuesday came out with a new format for asset management companies (AMCs) for monthly cumulative reporting.

Markets News

RBI announces Rs 10,000-crore open market operations on Thursday

Continuing with its commitment to provide adequate liquidity, the Reserve Bank Tuesday announced a Rs 10,000-crore bond buyback on Thursday.

Markets News

IndiGo share price zooms 6% after firm retains highest market share in December

Shares of India's major low cost airline gained in trade on Tuesday, after the firm retained the top spot in terms of market share in the month of December.

Markets News

Gold near 3-week lows as firmer dollar dents safe-haven appeal

Asian shares fell on Tuesday on pessimism about world growth after the International Monetary Fund trimmed its global growth forecasts.

Commodities News

Sun Pharma share price gains after replacement of domestic formulations distributor with its own subsidiary

Shares of India's major drug-maker which was in the eye of a corporate governance row in in recent times, recovered in trade on Tuesday morning, after the firm made the announcement of transferring do

Sun Pharma, Pharma Stocks, Stock Market, Investors Wealth Shrink, Whistleblower, Complain, SEBI, Transaction, सनफार्मा में 12 फीसदी की बड़ी गिरावट News

Kotak Mahindra Bank shares extend rally after robust Q3 results; should you buy or sell stock?

Kotak Mahindra Bank shares gained more than 3.15% to Rs 1,307.95 on BSE, after the bank reported robust Q3 results. We take a look at what brokerages have to say.

Markets News

Share Market Highlights: Sensex ends 134 points lower, Nifty above 10,900; Sun Pharma, Koak Mahindra top gainers

Track Share Market Highlights: The domestic stock markets --Sensex and Nifty-- recovered from lows, but ended in the negative on Tuesday. The Sensex closed 134 points down at 36,444.64 while the Nifty

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