Trade deficit narrows despite exports declining 3.67% in February as imports drop 17.09% India’s merchandise exports in February recorded their first decline in eight months, surprising analysts and dashing policy makers’ hope of meeting the $325-billion target for the current financ…
Continue reading...Markets make new record highs for 2nd day; Sensex just shy of 22,000
Mumbai: Indian markets wrapped up the week in style Friday with the Sensex zooming to a new closing high of 21,919.79 and the Nifty galloping to yet another record close of 6,526.65 as FIIs continued to repose faith in an economy that is showing signs of stability ahead of general electio…
Continue reading...World’s biggest electoral battle kicks off on April 7
The Election Commission on Wednesday announced a nine-phase polling schedule for 814 million eligible voters to elect the 16th Lok Sabha. The first day of polling will be on April 7 and the last on May 12. Counting of votes will take place on May 16. A snapshot of the schedule, along wit…
Continue reading...Eight companies add Rs 56k cr in m-cap
TCS, ONGC shine; Reliance Industries and Coal India in the red Eight of the top-10 most valued companies added a combined Rs 56,113 crore in market capitalisation over the past week. Barring Reliance Industries and Coal India, the companies that gained in market value included TCS, Oil …
Continue reading...Rs 325-crore trading in VIX futures on Day 1
Futures contracts on the volatility index expiring on 4th March recorded the maximum turnover, at Rs.294 crore The National Stock Exchange’s volatility-based derivative contracts recorded a volume of Rs 325 crore on Wednesday, its maiden trading session. Activity might pick up around …
Continue reading...Stock Markets to remain closed on 27-02-14
Stock Markets to remain closed on 27-02-14 on account of Mahashivratri …
Continue reading...SpiceJet slashes fares by 75% under ‘Super Summer Sale’ offer
Bookings under this scheme will remain open till Wednesday mid-night In yet another bonanza to air travellers at the onset of the summer season, budget carrier SpiceJet today reduced its fares by up to a whopping 75% under a special offer. This is the third time in the last one month th…
Continue reading...US Stocks rise after US report offsets China weakness
NEW YORK (AP) — Stocks rose Thursday after a survey showed that U.S. manufacturing expanded at the fastest pace in almost four years. The report helped offset a weak survey on Chinese manufacturing. KEEPING SCORE: The Standard & Poor’s 500 index rose 10 points, or 0.6 percen…
Continue reading...Half of India’s top firms have destroyed shareholder wealth since FY08
For a majority of the value destroyers, borrowings now exceed their market value, putting them in a debt trap If retail investors are still shying away from equity markets, there is a solid reason. Nearly half of India’s top companies have destroyed shareholder value since the 2008 Leh…
Continue reading...One Minute Budget
Fiscal deficit for FY14 to be contained at 4.6% of GDP; FY15 target at 4.1% FY14 Current Account Deficit seen at $45 bn FY14 Q3 & Q4 GDP growth to be at least 5.2% Agriculture credit to cross $45 bn in FY14 vs $41 billion FY13 No change in direct taxes Ex…
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