Mumbai: The market started to run fast on the last day of the week. The Indian benchmarks BSE Sensex and NSE Nifty scored the seventh weekly gain due to the foreign funds flow. On Friday, BSE & NSE gained the highest wave in the whole week. The NSE reached up to 0.77% on Friday, and […]
Magma Fincorp, the famous retail finance NBFC has planned to start with their gold finance business in the first half of the next financial year and will be able to clear all the regulatory hurdles in beginning with their new business. Magma Fincorp Logo “We are a non-deposit taking non-banking financial company (NBFC) and the […]
Mumbai: The BSE Sensex and NSE Nifty ended at 40 points and 10 points respectively, due to the delay on the Greece’s bailout package. That’s why today Sensex closed at 18, 153 and Nifty closed at 5, 521. The Indian markets are facing little setbacks due to the strong rallies in Thursday’s trading session. With […]
According to certain sources, the initial public offering (IPO) of the Multi Commodity Exchange (MCX) is expected to start on Feb 22 and close on Feb 24. Rated as India’s biggest commodity exchange by turnover, the CMX received approval by the capital market’s regulator to go ahead with the launch of IPO. The MCX is […]
FMCG major Dabur India registered a 11.9% increase in the net profit to Rs 172.82 crore while ICICI Bank declared a 20% rise in its net profit at Rs 1,728 crore and Punjab National Bank (PNB) reported a 5.5% jump in the net profit at Rs 1,150 crore; for the quarter, which ended on December […]
2011 was a year which marked high rise in prices of Gold and the trend do not seem to change in the near future. Gold has touched a 6 week high as a result of overseas market. Strong rupee value however, managed to hold a bit. On the Multi Commodity Exchange, gold ended 0.25% at […]
While Glenmark Pharmaceuticals reported that the consolidated net profit declined by 46.70% to Rs 46.11 crore from the previous year’s Rs 86.52 crore, BHEL reported a net profit of Rs.1432 crore against Rs.1412 crore in the previous quarter, during the quarter ending December 30th, 2011. Shares of Glenmark closed at Rs 312.15 on BSE, down […]
With all the prices increasing, when many of the commodities and enterprises are seeing a loss, gold on the other hand provided the best returns in the past five years. Standard & Poor’s GSCI Gold Total Return Index of The Bloomberg Riskless Return Ranking registered a 6.5% risk-adjusted return in the past five years. It […]
