Bandhan Bank, Gruh Finance shares plunge up to 14% after merger announcement; what brokerages say

After private sector lender Bandhan Bank and housing finance firm Gruh Finance announced their proposed merger, the stocks plunged in the morning trade on Tuesday, as investors reacted negatively to t

Markets News

Petrol, diesel price today: Fuel prices remain unchanged; petrol at Rs 74.16 per litre in Mumbai

Today, petrol is being sold at Rs 74.16 while diesel price is retailing at Rs 65.12 per litre in Mumbai. In the National capital Delhi, petrol can be availed at Rs 68.50 per litre and diesel is retail

petrol, diesel, cheaper crude, cheaper fuel, पेट्रोल और डीजल, सस्ते क्रूड का फायदा, Oil Companies no plans to recoup losses News

Amazon, Netflix push Wall Street higher; resumption of US-China trade talks eased concerns Inc and Netflix fueled a second straight session of gains on Wall Street on Monday, as the resumption of U.S.-China trade talks helped ease concerns that have pummeled the market in recent

Markets News

Asian shares propped up by hopes for Sino-US trade deal, cautious Fed

Most Asian shares were propped up on Tuesday by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows f

Markets News

Rupee halts two-day rally; falls 40 paise to 70.08 per US dollar in early trade; 10-year bond yields up

Rupee opened weaker by about 16 paise at 69.84 per US dollar from the Monday's close 69.68 per US dollar. In debt markets, the yields on the 10-year government bonds rose 2.54% to 7.64% from its prev

Markets News

Facebook’s biggest bear sees problems worsening in 2019

Facebook Inc. is likely to see another rough year in 2019 as “many of the company’s managerial choices in its early years continue to play out negatively,” according to Pivotal Research Group, w

Markets News

Share market Highlights: Sensex ends 131 points higher, Nifty above 10,800; Sun Pharma, SBI surge

Share market Highlights: After opening mildly lower, the Sensex and Nifty ended the day's Tuesday's session higher buoyed by a rally in financial heavyweights. Sensex closed 130.77 points higher at 35

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Chasing dollars: Indian firms to rush bond sales ahead of Lok Sabha elections

India’s national elections are still about four months away, but they are already fueling bets that companies looking to raise dollars this year will rush to do so before the voting starts.

Markets News

US oil prices edge up on trade talk hopes, OPEC cuts

Oil prices edged up on Tuesday, supported by hopes that U.S.-Chinese talks in Beijing would bring a halt to a trade dispute between the world's biggest economies, while the start of OPEC-led supply cu

US oil prices, OPEC, US Chinese talks, Beijing, US West Texas Intermediate, OPEC production News

Dollar eases in Asian trade on expectations of Fed pause

The dollar fell versus other major currencies for a fourth straight session on Tuesday, as investors grew increasingly convinced the Federal Reserve will not raise interest rates this year amid uncert

Dollar, Asian trade, Federal Reserve, Jerome Powell, Fed hiked rates, US economy News

Oil rises; lifted by OPEC cuts, steadying stock market

Oil prices edged higher on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets.

Oil prices, OPEC, crude futures, Brent crude futures, OPEC oil supply, Goldman Sachs News

Amazon and Netflix push Wall Street higher Inc and Netflix fueled a second straight session of gains on Wall Street on Monday, as the resumption of U.S.-China trade talks helped ease concerns that have pummeled the market in recent

Amazon, Netflix,  Wall Street, US jobs data,  US China trade talks, China, Nasdaq Composite  News

Liquidity concern: RBI ready to step in if required, says governor Shaktikanta Das

RBI is constantly monitoring and will take steps whenever there is a need to deal with the liquidity deficit. At the same time, I must also add the RBI would not like a situation where liquidity becom

Markets News

Bank of India sells exposures to three large accounts

Bank of India (BoI) sold its exposures to three large accounts — Alok Industries, Asian Colour Coated Ispat and ISMT — during the quarter ended December with haircuts ranging between 64% and 84%.

Markets News

Interest rates up: HDFC Bank raises MCLR by 5 bps across tenors

HDFC Bank on Monday hiked its marginal cost of funds-based lending rate (MCLR) to 8.75%, 8.90% and 9.05% for the one-, two- and three-year tenors, respectively, led by a fall in its current account sa

Markets News

Analyst Corner: ‘Buy’ rating on CDSL with target price of Rs 290

Central Depository Services continues to gain market share in the month of Oct and Nov 2018 with net beneficial owner accounts increasing to 16.5mn at the end of November 2018 compared to 16 mn at the

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Trade talk optimism boosts stocks; rate outlook hits dollar

An index of world stocks rose on Monday, adding to Friday's strong gains, on optimism about the outcome of trade talks between Washington and Beijing.

stocks, Federal Reserve, OPEC production, MSCI, Wall Street, US China trade talks, Nasdaq News

Analyst Corner: Expect revenue growth of 1.8-3.2 pc for Tier 1 IT vendors in Q3

Q3 is a seasonally soft quarter owing to lower number of working days owing to holiday season as well as furloughs in select verticals.

Markets News

Domestic securitisation market volume at all-time high of Rs 1.44 lakh crores

Domestic securitisation market volumes have touched an all-time high of Rs 1.44 lakh crore during the first nine months of FY19, compared with market volume of Rs 84,000 crore for the entire fiscal 2

Markets News

Onion prices in Maharashtra crash to Rs 170 a quintal

The modal price of summer onions is showing a declining trend, crashing to `170 per quintal at Lasalgaon, the country’s largest wholesale market for onions at Nashik, on Monday.

Markets News

CAI reduces estimates for cotton season 2018-19

The Cotton Association of India (CAI) has trimmed its estimates for cotton crop for the season 2018-19, beginning from October 1, 2018.

Markets News

Sugarcane arrears: SC seeks response from UP Government, cane commissioner on plea seeking dues clearance

The Supreme Court on Monday sought response from the Uttar Pradesh government and the state cane commissioner on a plea by a farmers’ body seeking sugarcane dues of around Rs 8,000 crore including i

Sugarcane arrears: SC seeks response from UP Government, cane commissioner on plea seeking dues clearance

Sardine production to be affected by El Nino, says marine research body

Oil sardine stock along the Kerala coast is likely to suffer a major setback during the coming years due to the El Niño factor, according to the state-run Central Marine Fisheries Research Institute

Markets News

Cement firms’ capacity utilisation may remain moderate

The domestic cement capacity utilisation is expected to remain moderate at around 70% in FY20 despite an estimated demand growth of 7-8% in FY20 due to capacity overhang.

Markets News

Steel sector to get boost from government budget spending, credit flow in Q4

A lot of speculations are rife on the probable state of the sector in 2019. Now that Brent crude oil price has declined, it is not likely to go up in the coming 2-3 months, despite the alleged product

Markets News

Bank Of Baroda rating ‘Add’: Merger swap ratio close to initial estimates

BoB Has made an announcement on the swap ratios (every 1,000 shares of each bank) for the merger with Vijaya Bank (402 shares) and Dena Bank (110 shares).

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Rise in PVC prices was unexpected

Amidst expectation of a decline, PVC prices have seen an unexpected rise of 3.3% led by recent consecutive price hikes.

Commodities News
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