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FII tap keeps flowing: Nifty crosses 6200 as global mkts hit new highs
Indian equity markets continued their upward crawl this morning, supported by a rally in the global markets. On Friday the US stock market high record highs with the S&P 500 adding 2%, the Dow Jones rising 1.5% and the Nasdaq advanced 1.7%. Meanwhile, Japanese stocks rose in early trade on #MarketOpen #nifty #S&P #Sensex
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Just Dial’s Rs 950-cr IPO opens today: All you need to know
The estimated Rs 950-crore IPO of local search engine Just Dial will begin today and is one of the largest initial public offers by an Indian Internet company. Just Dial a safety net for investors but is fuelling a grey market •The IPO, which does not have issue of fresh shares, would #IPO #IPOAlert #JustDial #Pricing #Stock market
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No penalty on late payment: FM implements amnesty scheme for service tax defaulters
New Delhi: Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges. The 'Voluntary Compliance Encouragement Scheme', which came into force after passage of Finance Bill on May 10, can be #Amnesty Scheme #Investing #NewsTracker #P. Chidambaram #service tax
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RBI should regulate all home loans, says SBI chief
Kolkata: The State Bank of India today suggested that the Reserve Bank of India should be the regulator for all home loans provided by banks or housing finance companies. "I see no justification for having a separate regulator for home loans. Perhaps the regulations of objective would be better served with #Home Loans #National Housing Bank #PolicyWatch #Pratip Chaudhuri #RBI #SBI
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Chart: Nifty bulls are here, banks safest bet
Special to Firstpost CNX Nifty (6,187.3): The week gone by was quite an eventful one for the stock market. After a big crack on Monday, the index recovered sharply on Wednesday and moved on to close at 28-month high. As observed last week, the short-term trend remains bullish and appears on #Bank Nifty #ChartView #nifty #SBI
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Ban investment schemes promising very high returns, demand MPs
New Delhi: Members of a Parliamentary panel today pressed for blanket ban on investment schemes promising unreasonable returns and demanded that a law be enacted to have a single regulator to deal with all kinds of chit funds. The Parliamentary Standing Committee on Finance, chaired by BJP leader and former Finance #Chit fund scam #Investment #NewsTracker #RBI #SEBI
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Infra stocks rally lift markets, pharma companies lose
The Indian market ended slightly up today as a late rally in infrastructure stocks offset a decline in pharmaceutical companies. The BSE Sensex closed at 20286.12, up 0.19 percent and Nifty closed at 6187.30, up 0.28 percent. Drugmakers fell after the Indian government formally notified a new drug pricing policy designed to increase the number #ABB #MarketClose #nifty #Ranbaxy Laborataries #S&P #Sensex
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Not just cash, cards, also use Sodexo to buy grocery online
We assume if you are reading this story online, you are net savvy. Probably you’ve shopped for airline tickets to railway tickets online. Maybe you’ve bought a few books online, a few clothes or a mobile or a laptop. But what about onions? Would you buy those online? Whether you #Bigbasket.com #Ekshop.com #Grocery shopping #HowThisWorks #Mybaniya.com #Omart and Satvikshop.com #Online shopping #Smart Money
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After IDBI, Oriental Bank of Commerce cuts deposits rates
The Reserve Bank of India (RBI) had cut key policy rate by 0.25 per cent or 25 basis points earlier this month. And as expected a few banks have already started cutting their deposits rates. Take for instance, Oriental Bank of Commerce which announced yesterday that they have reduced their term #fixed deposits #IDBI #Orient Bank of Commerce #ToWhatEffect
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Why IIBs are the best thing Chidu ever did for savers
Fear of rising gold imports has pushed the government and the Reserve Bank of India (RBI) to announce an issue of inflation-indexed bonds (IIBs) for launch on 4 June. It's a good move, though one has to wait and see if it is going to be a substitute for gold #Gold #Inflation-Indexed Bonds #P. Chidambaram #RBI #Smart Money
