Money News - Page 21

Mumbai Police file 9800-page chargesheet in Rs 5,600-crore NSEL scam

The Mumbai Police on Monday filed a 9,800-page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore.

Citibank scam: ED freezes Puri's assets worth Rs 5 cr

The ED had registered a case in this alleged scam under provisions of Prevention of Money Laundering in 2012.

Telecom stocks tumble on CAG audit scare, down up to 4%

Telecom stocks today faced selling pressure, falling as much as 4.4 per cent, after the Delhi High Court held that the Comptroller and Auditor General of<br /><br /> India (CAG) can audit the accounts of private telecom operators under the relevant provisions of the law.

Firms may issue debt to non-residents as bonus, says RBI

RBI said it simplified the norms following references from some Indian companies to issue non-convertible or redeemable bonus preference shares or debentures to non-resident shareholders.

Markets close in red for fourth day in a row

Indian equity markets today closed in the red for a fourth consecutive day as a weak start to the year continues as investors trim positions in blue-chips such as ICICI Bank on risk aversion ahead of quarterly earnings results.<br /><br />

Sensex slips into red, banks lead losses

The Indian equity markets opened in the green but immediately slipped into red on subdued global cues. <br /><br />

Sensex marks biggest weekly fall in 2 months

The BSE Sensex and the Nifty fell on Friday to mark their biggest weekly fall in eight weeks as profit-booking hit blue-chips such as Reliance Industries for a third consecutive day, extending the weak start to 2014.<br /><br />

Rupee at one-month low, markets still down as PM address no real issues

The rupee fell to a one-month low on Friday, extending losses for a third consecutive session, as the dollar strengthened against emerging Asian currencies and as a bout of risk aversion hit local stocks.<br /><br />

Weak global cues drag Sensex 100 pts down, Tata Motors biggest loser

The Sensex fell 44.62 points to 20,843.71, and the Nifty lost 15.75 points to 6,205.40.<br /><br />

Unfriendly mkt? Fund-raising via IPOs plunges to 12-yr low in 2013

According to Prime Database, as many as 11 companies had raked in Rs 6,835 crore through the initial share-sale programme in 2012 against three firms that garnered Rs 1,619 crore last year. This was the lowest-level of fund raising via IPO since 2001, when only Rs 296 crore was garnered through this route.<br /><br />

Cabinet clears conversion of preference shares to equity in three banks

This will apply to three banks - Indian Bank, UCO Bank and Vijaya Bank, Finance Minister P Chidambaram said after the cabinet meeting in New Delhi.

Sensex closes over 250 points down, falls most in 1-1/2 months

The BSE Sensex fell more than 1 percent on Thursday, posting its biggest single-day percentage fall in nearly 1-1/2 months as profit-booking hit blue chips such as ICICI Bank for a second consecutive day.<br /><br />

Samsung shares drop more than 2 percent on weak outlook

Shares in Samsung Electronics Co Ltd dropped more than 2 percent in early trading Thursday.

Irda will charge service tax on providing services to industry players

The regulator is required to collect service tax from its insurance companies, brokers and agents, said an Irda notification.

Sensex up over 100 pts, Nifty nears 6350; banks gain

After a dull trading day on Wednesday, the market gained strength on Thursday with the Sensex rising over 100 points and the Nifty racing towards 6350 level.<br /><br />

Sebi to focus on insider trading, risk management in 2014

Many new categories of persons, including public servants, regulatory officials, judiciary and government officials dealing with unpublished price-sensitive information are being brought under the purview of insider trading.

Four things to remember while making financial resolutions in 2014

Many begin the new year with a list of resolutions, but when it comes to your money, make just one and stick to.

Five key challenges for equity investors in 2014

Equity investors have had a good run in 2013 with the Sensex and Nifty closing at close to record highs. Global equity investors have had an even better run than Indian investors with returns ranging from 57 percent for the Nikkei to 37 percent for the Nasdaq, 30 percent for the S&P 500 and 25 percent each for the Dow and the Dax.

SBI gets shareholders' nod for Rs 11,500 cr QIP

The government's holding in the bank will not decline below 58 percent pursuant to the QIP.

Sensex ends with mild gains on last trading day of 2013

The BSE Sensex closed higher today, provisionally gaining 9 percent in 2013 as sustained foreign investor flows offset widespread concerns about a domestic economy suffering from low growth but high inflation.

Global stocks make sizable gains in bumper 2013

Global stocks are closing out 2013 sitting on sizable gains courtesy of super-easy monetary policies and an improving economic outlook, though some emerging markets have less to crow about as funds return to rich-world assets.

Sensex in green, Apollo Tyres up nearly 5% after Cooper scraps deal

The Indian markets opened in the positive terrain today. The Sensex is up 59.50 points at 21202.51, and the Nifty is up 15.05 points at 6306.15.

Better prepared now to check investment frauds: Pilot

While SFIO is already probing many companies for illegal schemes launched in West Bengal, Odisha, Tripura and Assam, some state governments have asked the Centre to launch a CBI enquiry, Pilot said.

P-Notes investment declines to Rs 1.83 lakh crore in November

P-Notes (participatory notes) mostly used by overseas HNIs (High Networth Individuals), hedge funds and other foreign institutions, allow them to invest in Indian markets through registered Foreign Institutional Investors (FIIs), while saving on time and costs associated with direct registrations.

FMC gives time till Jan 17 for auditing NSEL's e-series contracts

FMC had appointed the Chokshi and Chokshi following an order of the Bombay High Court, which is hearing the case filed by aggrieved investors, directing the Commission to appoint a forensic auditor to examine e-series contracts executed at the troubled exchange and submit a report.

Railway stocks surge on media reports on FDI

Wagon and railroad infrastructure builders gain after Business Standard reported the government could allow foreign direct investment in the railway sector, citing an unnamed senior government official.

11 changes your money went through in 2013

With a number of regulatory changes as well as some innovation in financial instruments, there were perhaps too many things to keep track off.