Money News - Page 7
Rupee rises to over 2-month high, close at 61.71/$
Rupee today jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters, extending its winning trend to third straight day.
Sensex closes above 28,000 for 2nd straight day, rises over 140 points
Extending its rising streak for the third straight session, the benchmark BSE Sensex surged over 140 points to close at 28,262.01, led by gains in IT major Wipro and financial stocks on encouraging earnings.
Banks cannot collect EMI if loan has not been disbursed: Dispute Redressal Forum
Dispute Redressal Forum here has asked the bank to refund the entire EMI charged unduly for 20 months from a policeman and directed it to pay him Rs 50,000 as compensation for deficient services.
Weeding out black money: Sebi identifies 4-5 bull, bear cartels for helping launder funds
It has emerged during investigations by Sebi and stock exchanges that such illicit activities tend to accelerate during last few months of a fiscal and quantum of such transactions has grown manifold in the last few years.
Rupee rises to over 1-month high, ends at 61.87/$
rupee today appreciated for the second straight session and rose 19 paise to log its over one-month closing high of 61.87 against the Greenback following sustained dollar selling by exporters and capital inflows in local shares.
Sensex rises 46 points, clocks best weekly gains in 2-months
The benchmark Sensex today rose over 46 points to end at 28,121.89 on continued buying in blue-chip shares and wrapped up its best weekly gain in over two months.
RBI's surprise rate cut helps Sensex close higher by 729 points
Sensex closed trading 728.73 points or 2.66 percent up after the Reserve Bank of India carried out an unscheduled repo rate cut by 25 basis points.
Mr Jaitley, India’s Wealth Tax Act is a comic legislation; it needs an overhaul
It is strange that while a person is mandated to declare the jewels lying in his bank locker, he is not mandated to disclose how much lies in his savings and term deposit accounts
Travelling in Mumbai buses to get expensive from February
Travel on buses operated by Mumbai's civic transport undertaking BEST will cost more from next month.
Markets end three-day winning streak, Sensex closes below 27,500 mark
A day after the market rallied on the back of positive economic data, a benchmark index of Indian equities markets crashed 160 points in Tuesday's trade.
UPA's dud, the Rajiv Gandhi Equity Scheme, is awaiting a quiet burial
There has probably been no greater poorly designed investment scheme than the UPA's Rajiv Gandhi Equity Savings Scheme. It had no reason to exist, and given the poor response, it probably will die a quiet, unsung death now
Rupee gains for the fourth day, ends at over one-month high
The Indian rupee continued to rule firm against the greenback for the fourth successive session, gaining another 16 paise today to end at over one-month high of 62.16 on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets.
Sensex, Nifty choppy ahead of inflation, IIP data
The benchmark BSE Sensex fell over 125 points in early trade today as participants preferred to adopt a cautious approach and indulged in profit-booking ahead of retail inflation and IIP data to be released later in the day
FIIs dump shares worth Rs 1,700 cr so far in 2015
Overseas investors have pulled out nearly Rs 1,700 crore from the Indian stock markets in January so far following a steep fall in crude oil prices amid slowing global growth.
Hiking FDI to 49% alone will not ring in 'ache din' for insurance consumers
A transparent and a balanced approach, penetration of consumer friendly products and seamless experience is what the insurance consumer needs now
Dear FM, I-T norm on medical facilities is outdated and needs change
It is amazing that while other provisions of the income-tax law are changed or tinkered with regularity, the one on medical facilities provided to employees is caught in a time warp.
Rupee gains for second day, zooms by 50p at 62.67/$ to end at 4-week high
Rising for the second session, the Indian rupee today climbed by 50 paise to nearly four-week high of 62.67 against the greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
Housing finance, infra and Escorts: Rakesh Jhunjhunwala's top picks in a booming economy
He admitted that it was easier to get value picks when markets were down but it didn't mean that one couldn't find opportunities in a bull market.
Free money, currency wars and a Sensex crash: What's in store for markets
Is the 855-point drop in the Sensex a sign of a bigger correction or is this a passing phase? Is this the time for greed or fear? Actually, it is a time for some caution, and some greed.
Pain continues: Asian markets extend fall, euro hits 9-year low vs dollar
The Dow shed 0.75 percent, the S&P 500 0.9 percent and the Nasdaq 1.29 percent
Crude shock: Sensex plunges nearly 600 pts but rupee recovers
But experts say it is a buying opportunity in India
Sensex crosses 28,000 points again, Nifty rises above 8,400
Rising for the seventh straight session, the 30-share index went past 28,000 mark after over three weeks by rising 122.45 points.