Indian Stock Market to remain closed on Friday (25-09-15) on account of Bakri ID …
Continue reading...Markets to remain closed on 17th Sep’15
Markets to remain closed on 17th Sep’15 on account of Ganesh Chaturti. …
Continue reading...Reasons why the markets crashed and rupee hit a two-year low against the dollar
The market opened on Monday with big gap down on carnage across the globe as investors worried over Chinese economic growth. The Sensex fell over 1,000 points to 26,359.53; and the Nifty also dipped below the 8,000-level by tumbling 309.05 points, or 3.72 per cent to 7990.90 in early trad…
Continue reading...Back-to-back Adani AGMs irk purists
In an ideal world, close to 400,000 shareholders should on August 11 come together at JB Auditorium on Ahmedabad’s Vikram Sarabhai Marg, for three listed Adani group firms are to hold their annual general meetings (AGMs) on that day. According to the notices filed by the companies,…
Continue reading...At least 1,331 companies have halted trading on China’s mainland exchanges, freezing $2.6 trillion of shares, or about 40 percent of the country’s market value
China’s corporates have been big fans of stock-based loans too. At least 1,331 companies have halted trading on China’s mainland exchanges, freezing $2.6 trillion of shares, or about 40 percent of the country’s market value, Bloomberg News reports today. The Shanghai Com…
Continue reading...Greece Referendum: What Happens If They Vote ‘No’ – And also if they say “Yes” (though that’s less complicated)
Greeks are being asked to vote on whether to accept a proposal by the country’s creditors for more austerity to keep aid flowing. Voters have received a clear message from the euro area: vote “Yes” in the July 5 bailout referendum. But Greece’s Syriza-led government is p…
Continue reading...Greece defaults on IMF payment, seeks more time
Greece defaults on 1.6 bn euros loan taken from the IMF. This is the largest missed payment in the fund’s history Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first develo…
Continue reading...Govt clears Rs 6,000-crore soft loans for sugar mills – Industry unhappy
Payment to be made directly to farmers; industry unhappy, says glut woes not addressed The government will provide soft loans of Rs 6,000 crore to sugar mills to help them clear part of their Rs 21,000-crore dues to farmers. But many in the sugar industry are not liking the fact that thi…
Continue reading...India Inc’s sales, profit growth weakest in 2 yrs
India was the world’s second-fastest-growing economy in 2014-15, with its gross domestic product (GDP) growing 7.3 per cent, next only to China’s 7.4 per cent. This bullishness about the economy, however, did not reflect in India Inc’s books of account. The combined net…
Continue reading...UN report says Indian economy on the upswing, will grow at 8.1% in 2015-16
New Delhi: Indian economy is likely to clock 8.1 per cent growth in the current financial year, spurred by strong consumer spending amid low inflation, infrastructure projects and government’s reform measures, says a UN report. Investment is also expected to rebound, although uneve…
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