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Finance


Gold prices rose ₹120 to ₹34,650 per 10 grams at the bullion market on Wednesday following prolonged buying by local jewelers and retailers, according to All India Sarafa Association. Silver followed suit and recovered by ₹70 to ₹41,475 per kg due to improved offtake from industrial users and coin makers. However, global cues were weak, …

The benchmark BSE Sensex opened on a positive note on February 28 between buying by domestic as well as foreign institutional investors ahead of February derivatives expiry. Investors, however, were cautious on attention over the tension between India and Pakistan. The 30-share index was trading soaring by 81.45 points, or 0.23%, to 35,986.88. The gauge …

Indian exporters require to increasingly tap African countries that have an almost “unlimited market,” said David Rasquinha, MD, Export-Import Bank of India. Pointing out that extending the geographical range and product diversification was critical for Indian exporters, he said in 2018-19, exports were expected to surpass the $304-billion figure of 2017-18. Delivering the keynote address …

The rupee depreciated by 14 paise to 70.86 against the US dollar in early trade on Friday on increased demand for the US currency from importers and foreign fund outflows. Besides, strength in dollar against major rival currencies on stronger US economic data also kept pressure on the Indian rupee, dealers said. However, a higher …

The high rate of Goods and Services Tax (GST) on under-construction properties (which was reduced recently) pointed to the fund crunch in the housing sector and also among non-banking finance companies (NBFCs), according to Indira Rajaraman, economist and a former member of the Reserve Bank of India’s board. “In the earlier funding model (prior to …

Govt. cuts FY19 growth estimation to 7%; Q3 growth estimated at six-quarter low; agriculture, manufacturing contribute to slowdown GDP growth slowed for the third consecutive quarter in the October-December 2018 period, according to data delivered on Thursday. Growth fell to 6.6% in the third quarter, the lowest in the last six quarters. The slowdown was …

Bossy players like Maruti Suzuki and Tata Motors posted a low single-digit growth in domestic passenger vehicle sales in February 2019 while players such as Honda and Mahindra and Mahindra registered double-digit growth. Market leader Maruti Suzuki posted almost flat growth in sales of domestic passenger vehicles throughout the month at more than 1.36 lakh …

If you find a stock where the company enjoys a competitive power, has a moat and has been reporting steady earnings growth, lap it up. There have been examples of stocks with such traits delivering mouth-watering returns! In one case, an investment of just Rs 10,000 grew to Rs 1.50 crore in 10 years. In …

The Nifty on Thursday settled February futures and options (F&O) series below the 10,800 level. The day’s open became the session high as the index slumped below its 200-DMA and ended up making a ‘Bearish Belt Hold’ candle on the daily chart. The index is all likely to stay in a range for now, but a fall below 10,729 may bring …

R Venkataramanan, embroiled in a tax row over his remuneration and under the scanner of the investigating agencies, stepped down as managing trustee of the Tata Trusts. Almost simultaneously, in what’s seen as a crucial appointment, Noel Tata was inducted as a trustee of the Sir Ratan Tata Trust, ensuring the continued association of the …

Finance Minister Piyush Goyal Thursday asked banks to meet real estate sector representatives within the next fortnight to discuss the matters being faced by them. The minister also assured that goods and services tax (GST) rates would be brought down soon for the sector, which has been facing a demand slack. “There is a real …

The world’s second-largest snack food company is seeking a stake in a business that started as a humble shop in Bikaner in 1937. Trying to diversify its portfolio beyond breakfast products, Kellogg wants to acquire a stake in Haldiram’s which it has valued at $3 billion (excluding a Kolkata branch). The pioneerbhujia maker, which now …