Money News - Page 11

RBI, govt should protect investors from illegal schemes: Subbarao

The outgoing RBI governor also said that financial inclusion and financial literacy are among the top priorities for the central bank.<br /><br />

Rupee at 68: Dollar supremacy and lessons to be learnt

The US still appears to be the superpower in the economic space as well as the political arena, where it has been virtually unchallenged in the last two decades.

LIC launches scheme to pay premiums through mutual fund holdings

LIC Nomura Mutual Fund today announced the launch of a new feature in collaboration with LIC to allow investors to make timely payment of their LIC insurance premiums.<br /><br />

Irrational sentiment impacting rupee value: Mayaram

Mayaram further said the government does not plan to ban derivatives trading in the currency market, a move that experts feel could help in curbing speculation.

EPFO mulls online facility to view updated accounts

As per the present practise, the EPFO provides PF slips to subscriber once in a year.

Weak rupee fuels gold to all-time high at Rs 34,500

The gold in Singapore, which normally set price trend on the domestic front here, dropped by 0.3 percent to 1,419.55 dollar an ounce.

NSEL defaults in second payout, takes loan to pay small investors

NSEL today defaulted for the second consecutive time in meeting its weekly payment obligation of Rs 174 crore. Payout today was about Rs 12.60 crore as against Rs 174 crore due.

RBI calls for govt to dilute ownership in state banks

The RBI is in the process of considering 26 applications from corporate houses looking to open banks.

Naveen express shock over rupee depreciation

The rupee today tumbled to an all-time intra-day low of 65.72 per dollar during the day.

FTIL inks pact with Rakesh Jhunjhunwala, Edelweiss to exit MCX-SX

FTIL sold its entire five per cent stake in MCX-SX stock exchange for Rs 88.41 crore.

RBI needs to stop jewellers from cheating Indians with gold schemes

One hopes the RBI takes urgent steps not only to protect depositors from being short changed with trickery.

Now, get customized rental agreements delivered to your doorstep in just 48 hours

All you have to is create the agreement by filling in details and specifying the terms and clauses such as those relating to parking, lock-in, furnishing etc, following which Housin.co will do all the paperwork and deliver the rental agreement to your house.<br />

Benefit of SAT order: DLF stock jumps 6%

Securities Appellate Tribunal allowed the realty giant to redeem mutual funds worth Rs 1,806 crore to meet working capital needs and service debt payments.

With LIC sitting on Rs 40,000 crore, ONGC, Coal India disinvestment simply cannot fail

The macro conditions are simply right for a successful government disinvestment programme. Plus there is LIC with its surpluses waiting in the wings, having made a killing in the last disinvestment

Sensex reverses losses to end above 27k with 116 pt gain on late buying

Both the key indices Sensex and Nifty, which were struggling to maintain 27,000 and 8,100-mark in early trades, managed to close above these levels.<br />

Breaking records: Alibaba's market value more than Amazon, eBay, Facebook

Alibaba debuted as a publicly traded company Friday and swiftly climbed nearly 40 percent in a mammoth IPO that offered eager investors seemingly unlimited growth potential and a way to tap into the burgeoning Chinese middle class.

Relief for Europe as Scotland stays put; Sterling jumps to 2-week high

British markets rallied and the rest of Europe followed suit on Friday as Scotland's decision to stay in the United Kingdom eased investors past the latest in a recent run of global political obstacles.<br />

Uh-oh: Sensex, Nifty fall most in 7 weeks as US rate hike fears hit markets

An earlier-than-anticipated rate hike by Fed could lead to outflows, hurting emerging markets as the incentive for investors to seek higher yields stands reduced.

Apple: From a leader to a mere follower

Apple remains a good company with the most complete and coherent software ecosystem. But it is now fast following, not leading...

How the smartphone generation can be the 'smart money' one

Given below are five important pointers that the youth can imbibe and implement to move towards achieving their goals and financial prosperity.<br />

Fed policy, WPI inflation data to guide markets this week: Experts

Analysts said while global factors will be key, the local focus will also be on economic data as the RBI is set to review its monetary policy stance on September 30.<br />

Top 5 Sensex cos lose Rs 36,971 cr from market cap; ONGC, Sun Pharma big losers

Over the past week, the BSE benchmark Sensex gained 34.34 points to close at 27,061.04.<br />

Rupee sees best single-day gain in a month; custodians sell dollars

For the week, the rupee fell 0.5 percent, its worst weekly fall since the week to August 1. with the domestic share market in a consolidation phase following a recent string of record highs, most recently on Monday.<br />

Safe online banking: The onus is on banks; fight back if they refuse

Just because the matter was under police investigation it was no reason for the bank to let the customer be deprived of his rightful money.

Providence Equity Partners sells 2.4% stake in Idea for Rs 1,414 cr

According to information available with the stock exchanges, Providence had sold 8.5 crore shares, amounting to 2.4 per cent stake in Idea Cellular through its investment arm - P5 Asia Investment (Mauritius).<br />

Will Air India offer first class, business seats on international route at 50% discount?

A senior official in the Ministry of Civil Aviation pointed out today that if 50 percent discount on these seats helps to fill them up and gain loyal AI customers in the process, this practice should be followed

Get this: Tata Value Homes sells 85 houses worth Rs 40 cr on Snapdeal in 6 days

On August 28, Tata Value Homes launched an exclusive offer on Snapdeal, offering Rs 10,000 per month for a year as an assured rent (whether owners stay on premise or lease it out).<br />