Money News - Page 29

Union Bank of India revises fixed deposit rate up to 1.25%

Bank has reduced the interest rate on deposit for five to seven years maturity by 0.25 percent.

Despite bearish performance, Nifty outlook is bullish this week

From a medium-term perspective, only a breach of the swing low at 5,700 would damage the bullish set-up.

Unlisted firms can directly raise funds abroad: RBI

The government aims to bring down the CAD to below $60 billion this fiscal, as against $88.2 billion in the last financial year.

Checklist: 10 ways to help you manage your finances better

The following are at the genesis of financial freedom and are necessary to inculcate the requisite rigor for optimising the available financial resources to achieve the ultimate goal of financial independence:<br /><br />

TechM shares surge to over 6-year high: All you need to know

Shares of Tech Mahindra, India's fifth largest IT major, rose more than 5 percent on Friday to its highest since May 2007 after the company's July-September earnings beat some analysts' estimates.<br /><br />

Big surprise for Twitter: Shares jump 92% in frenzied IPO debut

Twitter Inc stock soared 92 percent in their first day of trading on Thursday on the New York Stock Exchange as investors snapped up shares in the microblogging site, pushing its market value to a heady $25 billion.

Understanding what S&P's warning means for India

S&P does point out that whatever fiscal discipline that has been achieved so far has been at the cost of cutting down on development project expenditure or selling state enterprises.

Sensex ends at one-week low but IT stocks gain on weak rupee

The Indian equity markets fell for a third consecutive day with the BSE Sensex ending at fresh one-week low of 20,822.77, down 72.17 points or 0.35 percent lower while the Nifty ended 27 points lower at 6187 after rating agency Standard & Poor's said it may cut India's sovereign rating to below investment grade should the next government fail to provide a credible plan to reverse the country's low economic growth.<br /><br />

EPFO settles over 10 lakh claims in October

Retirement fund body settled 10.21 lakh claims including transfer and withdrawal of Provident Fund in October, which is 28% more than such settlements in September this year.

Planning to buy RCom's iPhone 5? Here's how you can port your number

For the benefit of those who want to make this switch, here is a quick guide on MNP:

IRDA's digital makeover: Soon get vehicle insurance details via SMS

According to a report in the Hindu BusinessLine, Insurance Regulatory and Development Authority (IRDA) is planning to provide a service which will enable vehicle owners to get the details of their policy via an SMS.

Karnataka Bank, Dhanlaxmi gain on foreign takeover hopes

The RBI on Tuesday said it will treat foreign banks operating in the country on nearly equal terms with local lenders should they move to a wholly owned subsidiary structure.

Sensex opens flat, rupee weak; Bhel down 5%

The BSE Sensex up 4.87 points at 20,899.81, Nifty rises 7 points to 6,222.25.

Restaurant search engine Zomato raises Rs 228 cr in fresh funding

Info Edge, which is an existing investor in Zomato, said in a separate filing to the stock exchanges that it had invested Rs 57 crore in Zomato in the latest round.

Sensex ends below 21,000 again, Bhel down on poor show

The Sensex was down 79.85 points to end at 20894.94. The Nifty closed at 6215.15, down 38.00 points.

Ways to handle a friend who wants to borrow money from you

Lending money to a friend is not a very good idea. This is because we tend to remember the loans we give, but forget the loans we take. And this phenomenon, where borrowers conveniently forget that they owe money to a friend, is called 'blind spot'.

IT stocks rally on stellar Cognizant results

The BSE IT index was the top gainer in a flat market on the back of stellar results from US-based Cognizant.<br /><br />

Sensex flat, rupee weak, IT stocks biggest gainers

Indian markets opened flat this morning while the Indian currency opened weak.<br /><br />

Goldman Sachs bullish on Modi, sees Nifty at 6900 by 2014-end

Even as retail investors continue to steer clear of the recent rally in Indian markets, global investment banks such as Goldman Sachs and Nomura seem to believe that things are set to change for the better in India.<br /><br />

Want a loan? 7 things you should know about salary overdraft

This loan is is a revolving line of credit based on your salary with the bank account. To know more read on.

Markets snap 5-day winning streak, profit-booking drags Sensex below 21,000

Indian equity markets opened flat today on muted trends in other Asian markets after the Sensex hit successive all-time highs last week on muted trends in other Asian markets. <br /><br />

Global markets shrug off US default fears; add $1.5 tn wealth post govt shutdown

The world markets shrugged off the US default fears arising out of the more-than-two-weeks of government shutdown in October with handsome gains of $1.5 trillion in market wealth, or a 3.8 per cent rally, with 44 of the 46 markets covered ending the month in the green.

Samvat 2070: Everything you need to know about Muhurat trading

The "muhurat" trading session will be conducted for 75 minutes tomorrow, on leading bourses NSE and BSE, to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It would also mark the New Year for traders as per the Hindu calendar, or Samwat 2070.<br /><br />

Nifty near record high: PSU banks steal the show

The Bank Index has seen a smooth progression of higher tops and higher bottoms, which is a sign of strength. The prior swing high at 11,220 has been overhauled and the index now appears on track to reach the next target of 11,950-12,000. A breakout past 12,000 could pave the way for a rise to 13,000.<br /><br />

Gold sales down 50% on Dhanteras; silver gains currency

Gold prices are ruling at Rs 31,400 per 10 grams in the national capital, lower than Rs 32,485 on the last Dhanteras.<br /><br />