Money News - Page 19

VC investments fell in 2013; IT still investor darling

Companies headquartered in Bangalore and Mumbai were the favourite among VC investors during 2013 attracting 49 investments each, followed by Delhi based companies that accounted for 24 investments and Chennai based companies with 21 investments.

Debit card PIN use: Has RBI rule put you directly in the path of fraud?

Cyber security sleuths have detected a "black" private information stealing virus in the Indian online banking transactions space and have alerted consumers who swipe debit or credit cards at shopping counters to make payments.

Sebi directed to disclose MCX-SX licence grant details

The appellant had filed an RTI application in November last year with Sebi, seeking copies of correspondence including file notings on approval to stock exchange licence granted to MCX for MCX-SX for currency futures in 2008.<br /><br />

Smartphone insurance: No cover if you misplace or damage it

A mobile insurance may cover a variety of risks like fire, theft, riots, strike, accidents and fortuitous circumstances but does not cover mysterious disappearances or theft from unattended vehicles.

Elections will be wild card for India this year, says Nomura

In an interview to CNBC-TV18, Prabhat Awasthi, Head-Equity Research & MD, Nomura said that elections will be a wild card for India this year.

Sensex flat on subdued global cues, Wipro is the star performer

Stock markets will take cues from the next batch of earnings from blue-chips, including HDFC and L&T, this week amid cautious trading ahead of the RBI policy later this month, say experts.<br /><br />

Commodity prices are weak; adjust your equity portfolios

Commodities could look up when global economic growth picks up on a sustained basis and when inflation starts to look up in the developed economies. However, as of now that does not seem to be the case and commodities as an asset class will be underperformers.<br /><br />

Permanent PF account number to be a reality in 2014-15

The facility of online transfer of PF accounts has reduced the work load of EPFO substantially as over 13 lakh applicants are filed for such claims every year.

Do you know difference between dirty bond price and clean bond price?

To understand the difference between the dirty price of the bond and clean price of the bond, first we need to understand the difference between the coupon rate of the bond and yield.<br /><br />

Sensex closes down on profit taking in IT; TCS declines 5%

The Indian stock market failed to hold ground in subdued trades today and slipped due to profit taking in a few software shares. The Sensex closed at 21,063, down just nearly 1 percent and the Nifty at 6,261, down 0.9 percent.

How deflation can spoil the global stock market rally

Once countries get into what is known as a deflationary spiral, it is very difficult for them to get out. Japan is an excellent example of the same. The country has been trying to come out of a low inflation/deflation kind of scenario for close to two decades now, without much success.<br /><br />

Investors need not worry about TCS stock, co still outperforms IT peers

The investor darling today recorded its worst percentage loss since October 17. However, the stock had rallied almost 10 percent in the run-up to its results so far in the year 2014.<br /><br />

Sensex flat, Coal India slips 9%, TCS loses 3% post Q3 results

Indian equity markets opened in the red today with the Sensex down 35.11 points at 21230.07, and Nifty down 12.65 points at 6306.25.<br /><br />

Firms allowed to convert overseas borrowing into equity via ECB

The notification was issued after RBI received references regarding what rate of exchange should be applied to the amount in foreign currency borrowed or owed by the resident entity from/to the non-resident entity.

Markets end flat, telcos slump as Reliance Jio raises 2G auction bar

Indian equity markets today ended flat after earlier marking its highest levels in five weeks as mobile carriers such as Idea Cellular slumped on possible high bidding prices at a spectrum auction next month after eight companies applied to bid.<br /><br />

HCL Tech hits record high on stellar Q3 earnings

Shares in HCL Technologies rose as much as 3.5 percent to a record high of Rs 1,377 after the company reported December-quarter consolidated net profit rose more than expected.<br /><br />

Decoder: How credit information firms calculate credit score

Credit information companies like CIBIL calculates an individual's credit score through advanced analytics and assigns a number between 300 and 900 to a borrower, based on his/her credit history. The closer your score to 900, the more confidence the credit institution will have in your ability to repay the loan .

HCL Tech in focus: 10 things you need to know before the opening bell

The World Bank has projected India's economy will grow over 6 percent in 2014-15 and 7.1 percent by 2016-17 as global demand recovers and domestic investment increases.

RBI tightens provisioning norms for unhedged forex exposure

Banks should calculate the incremental provisioning and capital requirements at least on a quarterly basis, it said.

Markets close at highest level in 2014 after inflation eases to 5-month low

Indian equity markets today ended at their highest level since 2014 after December WPI inflation eased to a 5-month low of 6.16 percent. While Sensex surged nearly 257 points to end at 21,289.49, Nifty breached the 6300 level to close 79 points higher at 6320.<br /><br />

European and Asian super rich are gobbling up real estate

European and Asian ultra high networth individuals (UHNWIs, or the super rich) hold by far the biggest share of all privately-owned real estate, together accounting for almost 80 percent by value, according to a new report by real estate services firm Savills and wealth intelligence provider Wealth-X.<br /><br />

Edelweiss 11.85% NCDs open tomorrow: All you need to know

Edelweiss Financial Services Limited announced its public issue of secured non-convertible debentures (NCDs). The issue is open from 16 January to 27 January. The issue aggregating to Rs 250 crore, comes with an option to retain over-subscription up to Rs 250 crore.

Sensex bounces back on hopes of low WPI; Coal India up 5%

After retail inflation in December eased to a three-month low on Monday, traders are eyeing December wholesale price inflation, seen at 7 percent and due today.

MCX-SX to offer interest rate futures, trading starts 20 Jan

Sebi had said IRF will be introduced on a pilot basis and the product's features will be reviewed based on the experience gained. To begin with, the regulator had said that serial monthly contracts with a maximum maturity of three months would be available.

Sensex retreats 101 points from 7-week high; WPI key

The benchmark Sensex had its biggest fall in almost two weeks today, dropping 101 points, on profit booking triggered by a fall in most overseas markets after US<br /><br /> stocks ended lower.

JP Morgan launches fund to invest in European equities

This fund is an open-ended fund of funds, and is open for subscription from 17 January to 31 January. The fund will re-open on 10 February.

BSE, NSE to shift Kingfisher, Moser-Baer to restricted trade group

The BSE would shift 117 securities to the trade-for-trade or 'T' group, while NSE would transfer 48 stocks to this segment, the two stock exchanges said in separate circulars.<br /><br />

Ranbaxy shares dip further on US FDA concerns

Despite making a positive opening, shares of Ranbaxy Lab failed to sustain the momentum and fell by 2.13 per cent to Rs 429 on the BSE. On the NSE, the stock lost 2.31 percent to Rs 428.65.