Money News - Page 27

Idle bank accounts hold Rs 3,652 cr: 5 things you better know

Here are a few things to know about such accounts and how to redeem the funds stuck in them:

Market rally: Foreign brokerages raise their pitch on Modi's election win

The assumption is that the new government will act in a decisive manner and introduce bold new reforms.<br /><br />

Sensex up more than 250 pts, OMCs gain on US-Iran deal

After three weeks of weakness, Indian equity markets are off to a good start today with the Sensex up more than 200 points and Nifty reclaiming the psychological 6000 mark

Sensex may be soaring but equity funds' performance worst since 2008

The poor showing comes at a bad time for an industry already under pressure from a market regulator angry about results and an ongoing exodus of retail investors from Indian stocks.<br /><br />

As market bubbles form, investors may want to take cover

If a series of smaller financial market bubbles deflate or even burst there will still be a lot of agony, investment strategists warn

Bulls still alive: Why current market fall is not a bearish confirmation

The strongest factor supporting the Indian markets is the fact that the US markets are still grinding their way up. This is most likely going to provide an impetus to the Indian bull

This chart shows why bank index will remain under pressure

Axis Bank, Bank of Baroda, State Bank of India and ICICI Bank may play a key role in keeping the bank index under pressure.

RBI to sell Rs 1,000 cr inflation indexed bonds on 26 Nov

The RBI would allot up to 20 percent of the notified amount of the bonds to eligible individuals and institutions as per the scheme for non-competitive bidding facility.

NHPC's Rs 2,368 cr share buyback to begin from 29 Nov

The company got listed on bourses in 2009 after the government divested 5 percent stake. It has also issued 10 percent fresh equity.

Nifty ends below 6000 again, analysts expect big rally only after May elections

Indian markets closed flat after a massive two-day sell off. While BSE Sensex closed 0.18 percent higher at 20265, NSE Nifty closed 0.06 percent lower at 5995.

Elder Pharma soaring in trade on buzz that Torrent Pharma may buy India biz

If Torrent wins the bid, it would help the company build a strong portfolio of multi vitamin and nutrition products - a space where a it is lagging as compared to some other big pharma players.

ATM safety: Here are a few suggestions from our readers

We also asked readers whether they had any suggestions on this. We have got a few responses. Among them some were very creative, others simply common sense.

Sebi to increase headcount, finalises 75 applicants

The job call for 75 officers, who would be offered an annual pay package of about Rs 11 lakh, generated huge demand.

Renewed talk of early Fed tapering rattles global markets, dollar jumps

Renewed talk of an early cutback in the US Federal Reserve's stimulus sent the dollar back above 100 yen on Thursday while driving government bonds yields higher and world shares lower.<br /><br />

Sensex sheds 400 points, Nifty ends below 6000 on Fed taper scare

Just when the markets were rallying, convinced that the US Fed will not taper its stimulus till next year, Federal Reserve chief Ben Bernanke dropped a bombshell, indicating that the withdrawal of easy money could happen this year itself. The result? A massive sell off in the stocks points.<br /><br />

Sensex at day's low; signs of foreign buying fatigue emerge in markets

After pumping in around $6 billion in Indian cash shares since late August, foreign institutional investors (FIIs) are slowing their pace of purchases.<br /><br />

Bangalore attack: Why not use tech to make ATMs safe?

Clearly, ATMs have become the most dependable spots for making financial transactions. Banks are also increasing number of their ATMs. But what's the use if they are turning out to be unsafe spots?

Sensex slips 150 points as US Fed hints of taper return

stocks fell after meeting minutes indicated that Federal Reserve officials in October stuck to the view that the central bank might begin winding down bond purchases in the "coming months.

After 3-day rally, Sensex ends 300 points lower, banks biggest losers

Indian markets ended a volatile session in red today as investors booked profits after a strong three-day rally. <br /><br />

Sugar stocks surge on hopes of govt aid: All you need to know

Shares in sugar companies surged on hopes a government committee headed by Farm Minister Sharad Pawar may decide on Wednesday to announce financial assistance for struggling sugar mills as well as an increase in import duties on raw sugar to halt cheaper imports and strengthen domestic prices.<br /><br />

Sensex in red, rupee gains; ICICI bank down 1.45%

The Nifty opened below 6200, down 16.50 points at 6186.85. The Sensex is down 57.03 points at 20833.79.

Spike in govt bond yield temporary, may soften soon: Chidambaram

Following the spike in yields, the Reserve Bank Governor Raghuram Rajan on 13 November, had announced some measures including to conduct an open market operation.

Sensex, Nifty close near 2-week high, banks biggest gainers

The BSE Sensex and the Nifty rose for a third consecutive session to their highest closing levels in nearly two weeks on Tuesday, as a rally in debt markets boosted banks, the biggest holders of bonds, while broader sentiment remained underpinned by global factors.<br /><br />

Sebi norms on diclosure: Why monitoring by exchanges is not enough

Sebi's new circular ensures that stock exchanges not only monitor all compliances but also compare them with previous quarters. With this in view, it has asked stock exchanges to set up monitoring cells within the exchange.

Money Matters: For your kids' sake, let them take this test

When it comes to kids today, just imparting regular education is not enough. They have to be made financially literate as well.

Nifty crosses 6200, rupee strengthens to 62/$

The Sensex is up 60.82 points at 20911.56, and the Nifty is up 14.95 points at 6203.95.