Sebi, bourses step up surveillance for result day
Sebi and stock exchanges have enhanced their surveillance measures to curb possible manipulative practices as well as excessive volatility in the market on Thursday when the general election results will be announced. Markets are likely to witness significant movements on Thursday, especially after a rally on Monday following exit polls showed that the BJP-led NDA is expected to come back to power.
Task at hand for govt: Rev up growth, create jobs
In its second innings after a historic win, the Narendra Modi government has to hit the ground running to revive growth and create jobs in Asia’s third-largest economy. With visible signs of a slowdown, urgent steps are needed to jumpstart growth in several key sectors as well as create jobs.
Markets to climb a bit more if Modi wins: Poll
Markets will reach a new record high by end-year, a Reuters poll of strategists showed, building on an election-driven rally in which investors have bet the ruling party will retain power and continue current economic policies.
Mutual fund industry wants new government to act on consumption, investment
The industry welcomed Modi's win for a second term, saying this will ensure policy certainty.
Sensex spurts 140 points ahead of election outcome
The benchmark BSE sensex jumped 140 points on Wednesday, driven by gains in banking and auto stocks ahead of the general election results. After swinging over 300 points during the day, the 30-share index ended 140.41 points, or 0.36 per cent, higher at 39,110.21. In similar movement, the broader NSE Nifty rose 28.80 points, or 0.25 per cent, to 11,737.90.
Breakup isn't the answer, FB chief Zuckerberg says
The Facebook co-founder's defence came as it reported that it recently disabled billions of bogus accounts set up by "bad actors" and that 5 per cent of active accounts is likely fakes. He argued that breaking up the company might mean fewer resources to curb harmful online content and election interference and improve privacy and the portability of personal data.
Dalal Street in tearing hurry to cheer NDA 2.0; beware, reality check awaits
The Modi government was credited with a host of big reforms in the first five years.
Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest
Senior citizens (above 60 years of age) have to submit Form 15H to banks at the beginning of a financial year to ensure no tax is deducted at source on interest income.
How Modi govt's 2nd term may impact your money and what full budget 2019 may bring
Here are 8 ways in which Narendra Modi's second term in power can impact your finances.
Domestic air traffic falls first time in 5 yrs
Sensex shoots up 623 points, Nifty ends above 11,800 day after strong mandate for PM Modi
Equity indices finished in green on Friday, a day after Prime Minister Modi-led BJP retained power with an absolute majority in the Lok Sabha elections. The benchmark BSE sensex soared 623.33 points or 1.61 per cent to close at 39,434.72, while the broader NSE Nifty rose 187.05 points or 1.60 per cent to end at 11,844.10.
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Prepare for difficult times, urges Xi Jinping
"We must be conscious of the long-term and complex nature of various unfavourable factors at home and abroad, and appropriately prepare for various difficult situations," a state news agency paraphrased Prez Xi Jinping as saying. Two largest economies, US and China, have escalated tariff increases on each other's imports after talks broke down to resolve their dispute.
Women avail more loans to spend on education than men: Report
The research from the survey report also found that on an average loan amount for women is 35 per cent higher than men.
Why asset allocation is important in current market?
As the stock markets touch new highs, investor must not go overboard on any asset class and stick to their suggested asset allocation.
Market wealth grew by Rs 75 lakh crore under Modi
At close of trade Thursday, the market valuation of BSE-listed firms was at Rs 1,50,25,175.49 crore.
DHFL Pramerica Mutual Fund merges schemes, creates side pockets in FMPs
DHFL Pramerica Mutual Fund has decided to merge four of its debt mutual fund schemes.
How mutual funds fared during Modi's rule in last five years
Were you were lucky enough to have invested in the best funds that made the maximum money during the period.
Mutual fund houses may not rush to launch commodity schemes
Mutual fund houses are waiting for more clarity on a host of issues from the Securities and Exchange Board of India (Sebi).
D-Street’s mandate not clear yet, best to stagger your bets: Experts
Rajesh Cheruvu, WGC Wealth, expects Sensex and Nifty to correct up to 5 per cent immediately.
NSE gets interim relief from SAT in co-lo case
The Securities Appellate Tribunal (SAT) Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case. However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks.
Rs 13 lakh in 24 hours for liver transplant: How crowdfunding is saving lives
The availability of crowdfunding as a means to take financial help without the risk of getting into debt has made many such platforms popular.
India Inc watches for bold reforms in NDA 2.0
Several corporate honchos, including Anand Mahindra, Adi Godrej, Anil Agarwal and Sunil Mittal cheered as trends pointed towards the BJP and allies returning to power with a thumping majority, saying it was the time for deep reforms entwined with India's ambition to emerge as a global superpower.
Young Indians develop apps for Apple
When Apple CEO Tim Cook says a four-year degree is not necessary to be proficient at coding, he means it. Ask young Indian tech innovators and you would immediately find the answer. Apart from empowering developers via its Bengaluru-based App Accelerator, Apple has taken another significant leap: nurturing young talent in coding across schools and colleges in India.
SpaceX launches 1st satellite for Musk's Starlink
The rocket blasted off from Cape Canaveral Air Force Station marking a milestone in a global enterprise aimed at generating cash for Musk’s larger ambitions in space. The satellites for Starlink are designed to form the initial phase a planned constellation capable of beaming signals for high-speed internet service from space to paying customers around the globe.
Govt eyes higher ease of doing business rankings
The government is banking on gains from goods and services tax (GST) and higher recovery from bad debt that is now subject to insolvency resolution to move up the World Bank’s Ease of Doing Business rankings.
Investor richer as markets hit record high
Investor wealth zoomed Rs 2.87 lakh crore in morning trade on Thursday led by a rally in the equity market where the BSE benchmark sensex hit 40,000-mark for the first time ever. The 30-share index zoomed over 900 points to hit an intra-day high of 40,012.35. During the trade, it hit an all time high of 40,124.96, as early trends suggested a majority for NDA.
'India stopped Iran oil import after US waiver expired'
India has stopped importing oil from Iran after American waivers granted to eight buyers expired early this month, New Delhi's envoy here has said, becoming the latest country to comply with the US sanctions on Tehran over its nuclear programme.
IL&FS crisis: ED conducts fresh raids in Mumbai
The Enforcement Directorate on Wednesday carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore IL&FS payment default crisis, officials said. They said the residences and offices of at least four directors of the firm are being raided. The central agency had first carried out searches in this case in February after it filed a criminal case under the Prevention of Money Laundering Act (PMLA).
Markets richer by Rs 75L cr since NDA win in 2014
India's stock market wealth grew by Rs 75.25 lakh crore in five years since Narendra Modi-led NDA emerged victorious in the Lok Sabha polls in 2014, with benchmark Sensex gaining 61 per cent during this time. An analysis of the stock market movements from May 16, 2014 till date showed that the 30-share BSE Sensex jumped 14,689.65 points or 60.89 per cent.
Rcap exits mutual funds biz; sells stake to Nippon
Reliance Capital (Rcap) on Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan's Nippon Life Insurance. Both partners hold 42.88 per cent each in the company, while the rest is with public shareholders.
Reliance Capital to exit MF biz, use funds to cut debt
RNAM will continue to remain a public limited company after the open offer.
ElectionResults2019: should mutual fund investors alter their investment strategy?
As the Modi-led NDA-2 is set to form the next government at the centre, the stock market has surpassed 40,000 today.
A $1.4 trillion spending push tops Modi 2.0 agenda
If the PM Modi-led government delivers on its key campaign promises, Indian economy is set for a major boost. The economy is in need of stimulus and finding the money to pay for the populist pledges will be Modi’s immediate challenge. BJP pledged cash handouts to farmers, Rs 100 lakh cr for infrastructure, a boost to manufacturing, and a doubling in exports.
Dalal Street parties, sees wild swings
The sensex opened strong with a 400-point gain, and soon rallied to an all-time peak of 40,125. But from then on, as profit-booking set in, it lost ground. In the last hour of trade, it fell sharply to touch an intra-day low at 38,652, but closed a bit higher from that level.