The repository service for over-the-counter foreign exchange derivatives by CCIL is to be launched on Monday. The deputy governor of RBI, Dr Subir Gokarn said that the country is among the first to have this capacity. In order to ensure the national regulators have access to all relevant information, he said that the G-20 countries […]
Samvardhana Motherson Finance (SMFL), a component supplier company to Automobile industry is planning to raise 1, 665 crore through Initial Public Offer. This company currently markets its products to clients like Volkswagen group, BMW, Daimler, Renault, Nissan, Ford India, Volvo Car Corporation, Maruti Suzuki, Tata Motors, Honda Siel Cars India, Toyota, Kirloskar Motor and Fiat […]
Everyone in the stock market wanted to be on the top being known as the most influential company. This time it’s the ITC replacing Mukesh Ambani-led Reliance Industries Ltd as the most influential stock on Indian courses. The RIL was second based on the weightage on the stock market’s index Sensex. The Sensex weightage is […]
It was a kind of ‘Black Monday’ for the stock market. Though the effect was not too high, markets ended on a losing trend. Sensex lost 278 points and Nifty lost 91 points closing at 17, 097 and 5, 201 points respectively. All sectors were in losses and IT, realty, tech and Metal stocks were […]
There will be an interest rate cut next week in line with the weaker-than-expected growth in industrial output data. This had boost lender interests such as ICICI. It was really a slow pace of growth with India’s industrial production in February. This cut in interests would surely improve prospects and help some sectors recover in […]
A lot would say that establishing a business is easy for a person in a family with high financial capacity. This might be true to most people, but this is not the case for Rohit Gadia. He belongs to a business family, but he stopped depending on his father for finances on his second year […]
Domestic stock market has become good for Sensex which had a 74 points gain or 0.42 percent to 17,479. The Nifty also had its gain but only to up 23 points or 0.42 percent at 5,318. Observing the stocks, capital good, infrastructure stocks, power, and consumer goods are performing well, while the energy, healthcare and […]
At the very beginning of the week, the Bombay Stock Exchange started with a negative direction. The market was consistently falling and at the end of the day market observed the downfall of 309 points. The Nifty was down by 1.78% to close at 5,185 points with the loss of 94 points, whereas the Sensex […]
