New Delhi: Retaining its place as the world’s fastest-growing major economy, India’s economy expanded by 7.6 percent in the financial year 201-16, outpacing China once again. In fact, in the fourth quarter of the financial year 2016 ended March 31, the economy grew by 7.9 per…
Continue reading...Vedanta posts Q4 adjusted loss of Rs 11,181 crore on impairment of goodwill
Natural resources conglomerate Vedanta Ltd reported a fourth-quarter adjusted loss of Rs 11,181.26 crore, hurt by a non-cash charge of Rs 12,304 crore due to the impairment of acquisition goodwill on Cairn India and some assets internatinally. The Anil Agarwal company had reported an ad…
Continue reading...Markets to remain closed on Thursday and Friday
Markets to remain closed on Thursday and Friday on account of Holi and Good Friday. …
Continue reading...Start a SIP today!
Start a SIP today! Dreams can only be achieved if you work towards them. Even building wealth is no different. A Systematic Investment Plan (SIP) helps you do just that. With SIP, you can invest a fixed amount in mutual funds step-by-step monthly or quarterly over a period of time, thereb…
Continue reading...Nifty faces big resistance between 7,450 and 7,600
The market has gained nine per cent since it hit a new low on Budget day. There are some signs of the uptrend running into resistance but the current sentiment still seems bullish. The Nifty hit a new 21-month low at 6,825 before it turned around. By Friday, it had tested the 7,500 mark a…
Continue reading...Budget 2016-2017: At a Glance
Finance Minister Arun Jaitley unveiled the Union Budget 2016-2017 on Monday, listing ‘nine pillars’ that will transform India. Finance Minister Arun Jaitley unveiled the Union Budget 2016-2017 on Monday, listing ‘nine pillars’ including tax reforms, promoting ease…
Continue reading...What’s in store for the markets from Arun Jaitley’s Budget 2016 speech?
Stocks set to be volatile; may slip up to 3% if announcements disappoint The stock market, which is expected to remain volatile on Monday, when the Union Budget for 2016-17 will be presented, could slip as much as three per cent if the announcements disappoint participants. The market i…
Continue reading...North Korea says South’s pulling out of industrial zone ‘declaration of war’
North Korea said it was kicking out all South Koreans from the jointly run Kaesong industrial zone on Thursday, calling the South’s move to suspend operations, in retaliation for Sunday’s rocket launch by the North, a “declaration of war”. The North declared the i…
Continue reading...Markets to remain closed on Tuesday (26-01-16)
Markets to remain closed on Tuesday (26-01-16) on account of Republic Day. …
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