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Feb 10, 2016, 10:40:17 PM2/10/16
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  • To stay afloat! Indices to open weak

    Posted:2016-02-11 09:08:38 UTC+05:30
    Action is at bottom a swinging and flailing of the arms to regain one's balance and keep afloat. - Eric Hoffer The market is trying hard to maintain some balance. Though it manages few spikes intra-day and pares some losses, the indices are finding it hard to even close in the green. US Fed Chair Janet Yellen said what the market wished to hear. In her testimony said the Fed expects that with 

  • Grey Market Premiums

    Posted:2016-02-11 08:01:31 UTC+05:30
    Issue Name Price Band Grey Market Premium Kostak Price (Minimum Application) Kostak Price (Rs. 2 Lac Application) Teamlease Services Limited 785 to 850 235 to 240 500 (Last Sauda) -- Quick Heal Technologies 311 to 321 45 to 50 600 to 625 --   

  • India can use Australian expertise in rooftop solar: Goyal

    Posted:2016-02-11 08:00:37 UTC+05:30
    The union minister of state for new and renewable energy, Piyush Goyal, has emphasized the need for technology transfer for efficient expansion of renewable power in India. Speaking at a round table on renewable energy challenges for grid integration at the University of New South Wales (UNSW), Sydney, Australia, Goyal said India can use Australian expertise in rooftop solar as almost a third of

  • 'Worsening asset quality to affect PSBs' credit profiles'

    Posted:2016-02-11 08:00:12 UTC+05:30
    Worsening asset quality will affect the credit profiles of public sector lenders, which may require higher capital infusion from the government, rating agency Crisil said. "Intensifying asset quality problems at PSBs have the potential to impair their credit risk profiles and necessitate significantly higher capitalisation of PSBs either through government infusion or relaxation of regulatory 

  • Govt urges banks to enhance credit disbursal for sanitation

    Posted:2016-02-11 07:59:30 UTC+05:30
    The Indian Government has said that it has asked banks and micro-finance institutions to enhance their credit disbursal for sanitation to achieve the goal of Swachh Bharat Mission of making India free from open defecation by 2019. Commenting on the issue, Rural Development and Drinking Water and Sanitation Minister Birender Singh told the media, “The Finance Ministry has included water and 

  • Govt to achieve tax revenue target for current fiscal: Adhia

    Posted:2016-02-11 07:59:16 UTC+05:30
    The Indian Government has said that it will achieve the tax revenue target for the current year with larger-than- budgeted indirect tax collections making up for a possible shortfall in direct taxes. As per reports, after two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met. 

  • Bandhan Bank targets growth of 30 pct by 2017-end

    Posted:2016-02-11 07:58:40 UTC+05:30
    Kolkata headquartered Bandhan Bank, which began commercial operations last year has said that it is targeting growth on the deposit as well as credit front by at least 30 per cent by 2017-end. Commenting on the issue, Bandhan Bank Managing Director and CEO C.S. Ghosh told the media, “Our deposits now stand at Rs.7,500 crore of which more than one-third is from retail customers. On the credit 

  • DIPP proposes 100% FDI in marketplace e-tail: Report

    Posted:2016-02-11 07:58:05 UTC+05:30
    E-commerce companies, many of them unicorns (valued at $1 billion or more), could get full foreign direct investment (FDI) if a proposal of Department of Industrial Policy and Promotion (DIPP) passes muster, said a Business Standard report. Press Trust of India reported on Tuesday that the government was considering permitting 100 per cent FDI in the marketplace format of e-commerce to attract 

  • State Bank of India, Tata Motors, ONGC and BHEL: Check out the expectations

    Posted:2016-02-11 07:57:37 UTC+05:30
    State Bank of India (SBI), the largest lender in the country, will announce its financial results on February 11 for the third quarter ended December 31, 2015. IIFL forecasts the company’s standalone net profit for Q3 FY16 to soar to Rs. 3,347.2 crore, growing at a rate of 15% yoy; however, it is likely to dip 13.7% qoq.Tata Motors Ltd, one of the leading automobile companies in India, will 

  • RBI likely to cut repo rate by 25 bps in April: Nomura

    Posted:2016-02-11 07:56:22 UTC+05:30
    A Nomura report has said that the Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget, in its policy meeting in April. According to the Japanese brokerage firm, gross value added (GVA) growth has marginally undershot the RBI's 7.4 per cent projection in the financial year 2015-16, supporting the case for a rate cut. Commenting on the issue, a Nomura Official told

  • Grey Market Premiums - Feb 9 2017

    Posted:2016-02-09 08:46:48 UTC+05:30
    Issue Name Price Band Grey Market Premium Kostak Price (Minimum Application) Kostak Price (Rs. 2 Lac Application) Precision Camshaft 186.00 5 Seller 600 (Last Sauda) -- Teamlease Services Limited 785 to 850 235 to 240 500 (Last Sauda) -- Quick Heal Technologies 311 to 321 60 to 65 600 to 625 -- 

  • Dr Reddy’s Lab, NTPC, Hindalco among 25 Stocks in focus today

    Posted:2016-02-09 08:45:43 UTC+05:30
    NTPC: The Supreme Court on Monday asked the Madhya Pradesh government to defreeze NTPC’s bank accounts and withdraw its notice to cancel registration of its 4,760-megawatt (MW) Vindhyachal Super Thermal Power Plant in the state, reports a financial newspaper. JK Tyre & Industries: JK Tyre & Industries , leading tyre manufacturers in India, reported consolidated net profit of Rs.110.64 crore for 

  • Govt curtails CIL mine expansion on pollution concerns

    Posted:2016-02-09 07:40:20 UTC+05:30
    The Indian Government has said that it has given green clearance to a subsidiary of Coal India for phase one production expansion of Kusmunda mine in Chhattisgarh to only upto 26 million tonnes per annum (MTPA) instead of 50 MTPA sought earlier. As per reports, the Kusmunda open cast mine, which presently produces 18.75 MTPA of coal of power grade, is operated by South Eastern Coalfields Ltd (

  • E-Commerce ind likely to generate 2.5 lakh jobs in 2016

    Posted:2016-02-09 07:39:28 UTC+05:30
    E-commerce industry is likely to generate nearly 2.5 lakhs jobs in the online retail in 2016 including temporary employees, supply chain, logistics, ancillary units etc, reveals the ASSOCHAM recent paper. As per the estimates, 2.5 million staff will be required to work within the e-commerce industry by 2016. The paper shows that majority of e-commerce departments and businesses have increased 

  • 27 PSBs write off 1.14 lakh-cr bad loans in 2012-15

    Posted:2016-02-09 07:38:09 UTC+05:30
    Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 per cent rise in write-offs as part of the balance sheet clean-up, said the media reports. For the fiscal ended March 2015, public sector banks have written off loans amounting to Rs 52,542 crore, an increase of 52.6 per cent over the 

  • Forex reserves rise for second straight week, up by $1.6bn

    Posted:2016-02-09 07:35:05 UTC+05:30
    Marking a second straight gain, the country’s foreign exchange reserves jumped in the week ended January 29, 2016 probably driven by heavy dollar buying activity by the central bank, lifting the outlook for Asia’s third biggest economy amidst ongoing global headwinds that have resulted in high financial market volatility. India’s forex reserves climbed by USD 1.59 billion to USD 349.15 billion 

  • Need new work culture of completing projects before time: Modi

    Posted:2016-02-09 07:34:11 UTC+05:30
    Sharply criticising project delays of the past that lead to huge cost overruns, Prime Minister Narendra Modi said a new work culture of conceiving and completing projects before time is needed to boost economic growth, reported PTI. Rejecting opposition Congress' charge that projects he has been inaugurating in recent months were all started during their time, he said as Prime Minister he would 

  • India has over 15 lakh registered companies

    Posted:2016-02-09 07:33:52 UTC+05:30
    The country has more than 15 lakh registered companies, but only 10.7 lakh of them were active at the end of 2015, according to the media report. Against the backdrop of the government working on ways to improve the ease of doing business, the total number of companies registered in the country went up to 15.19 lakh at the end of December last year. This is higher than 14.39 lakh companies 

  • FM urges states to step up social, infra spending: Reports

    Posted:2016-02-09 07:33:34 UTC+05:30
    According to media reports, the country’s Finance Minister Arun Jaitley has called on state governments to bolster spending on key development areas such as infrastructure and poverty alleviation schemes. Jaitley said that with the 14th Finance Commission allocating higher funds to states, their development spending is expected to go up. The 14th Finance Commission had in 2015 recommended a 

  • Rs 1 lakh cr disbursed under MUDRA Yojana: PM

    Posted:2016-02-09 07:28:58 UTC+05:30
    Loans worth about Rs 1 lakh crore have been sanctioned to small entrepreneurs under the Pradhan Mantri MUDRA Yojana, Prime Minister Narendra Modi said, emphasising that the government wants youth to be job creators and not job seekers. Speaking at the inauguration of Indian Oil Corp's (IOC) Rs 34,555-crore Paradip Refinery, Modi said apart from public and private sector, there was a need for 

  • Implementation of flagship schemes "big test" for India: Kochhar

    Posted:2016-02-09 07:28:41 UTC+05:30
    India must remain focussed on executing various ambitious programmes like Make in India and strengthen institutional framework, top banker Chanda Kochhar has said while underlining that the implementation of these campaigns is going to be a "big test" for the country. "There is a genuine effort and a genuine intent on the part of the government to make these changes happen. We are seeing a whole

  • NBCC secures biz worth Rs 2,525.86 cr in January

    Posted:2016-02-09 07:28:06 UTC+05:30
    State-owned real estate developer National Buildings Construction Corporation Ltd (NBCC) on Monday said it has secured business amounting to Rs 2,525.86 crore (approx) in the month of January, 2016. The company has secured Project Management Consultancy work (PMC) amounting to Rs 2,458.88 crore out of total business in the month of January, NBCC said in a filing to the Bombay Stock Exchange on 

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