Money News - Page 9

Rupee extends decline against dollar, RBI steps in to support

Increased demand for the dollar from importers and a lower opening in the domestic equity market kept pressure on the rupee

Dow ends over 18000 for first time ever as US GDP is at best pace in 11 years

US stocks rose on Tuesday, with the Dow closing above 18,000 for the first time ever and the S&P 500 ending at a record after an unexpectedly strong report on economic growth. The Nasdaq ended modestly lower, pressured by the biggest selloff in biotech names in many months, while trading was light ahead of the Christmas holiday.<br />

Strong start to the week as Sensex gains 330 points on global cues

Tracking the global cues and recovery of rouble, a benchmark of Indian equities markets made healthy gains in Monday's trade - up 329.95 points.<br />

Record high: Foreign investors lap up corporate bonds worth $19 bn in 2014

In a record high, foreign investors have purchased Indian debt securities worth $19 billion this year, which marked a 20 percent jump from the previous year and even saw the so-called 'junk' bonds being lapped up aggressively despite poor corporate and sovereign ratings.

FYI: You can claim tax benefit for treatment of some diseases

For persons below 60 years, the deduction is Rs 40,000; for those above, Rs 60,000

Your savings account might just save you a good amount of tax

But did you know such amounts could actually let you save on income tax?

2005 currency cut-off: Why you need to be careful while accepting notes

After 1 April, you should not accept pre-2005 note, or you will have to go to the bank yourself to exchange the notes.

RBI extends deadline to exchange pre-2005 notes by 6 months

The deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and<br /> Rs 1,000, has been extended by another six months till June, 30, 2015.

April-November direct tax collection rises 5.7%

The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.

Rupee down marginally due to dollar demand from importers, banks

The rupee had gained five paise to close at 63.25 against the dollar in yesterday's trade on fresh selling of the US currency by exporters amid bullish stocks

HDFC MF's Prashant Jain gets his mojo back: Top 3 funds return about 50% this year

After a year's under-performance, funds managed by Prashant Jain, chief investment officer of the country's largest asset manager HDFC AMC, are back on top of the charts this year -- familiar territory for schemes that have been one of the greatest creators of investor wealth in the country over the past couple of decades.

Sensex continues rising trend, up 49 points; firm global cues help

The National Stock Exchange index Nifty rose by 10.10 points, or 0.12 per cent, to 8,334.10

Sensex, Nifty tumble in global selloff, see biggest fall in 4 months

Both the Sensex and the Nifty saw their biggest percentage falls since September 3 as a rout in emerging markets hit blue chips, while lenders declined on caution ahead of the central bank's policy review.

Modi hope to Fed fears: 3 reasons why stock markets fell today

Worries that the Federal Reserve could re-evaluate its bond buying plan was a major factor that resulted in a sell-off in Asian market stocks, including those in Indian markets.

After scary-sell off, emerging market investors find some places to hide

After a scary sell-off in emerging markets in the past week, investors who specialize in the sector are looking for places to hide while also looking for opportunities to benefit.<br /><br />

Tata Motors down 4% after MD Karl Slym falls to death

Tata Motors fell almost 4 percent in the morning trade today following the news of its managing director Karl Slym's death.

Global sell-off spooks market, Sensex tanks over 300 points

A massive sell-off in the global markets created panic on Dalal Street this morning with the Sensex tanking over 300 points and the Nifty trading below 6150 in morning trade. <br /><br />

All Ranbaxy drugs made in India banned from US, stock crashes 20%

Staff at the Toansa facility were found to have retested raw materials and other ingredients after the items failed analytical testing "in order to produce acceptable findings," and did not report or investigate the failures, the FDA said.<br /><br />

Sensex ends at all-time closing high, L&T star performer

Indian equity markets closed the day in green today with the Sensex ending at an all-time closing high and the Nifty ending at a fresh 2014 high.<br /><br />

RBI housing loan directive pulls realty shares down. Here's why

Analysts say this may lead to further liquidity issues, lower sales for developers, which can force them to cut prices.<br /><br />

RBI curb on 80:20 schemes will break builder-investor nexus

In what could be seen as a move to prevent India's very own sub-prime crisis, the Reserve Bank of India has asked banks to desist from upfront disbursal of sanctioned housing loans to builders and instead link housing loans to stages of construction of a project to protect the home buyer and the lender from additional risks.<br /><br />

NSEL defaults in third pay-out as well, members pay only Rs 15.4cr

Crisis-hit National Spot Exchange Ltd (NSEL) today defaulted in payment of Rs 174.72 crore to investors as it could pay only Rs 15.37 crore, the third consecutive failure to meet their obligations.

NSEL: Sub-groups to submit reports to Dept of Economic Affairs by 12 Sept

The two working groups, set up to look into violations by NSEL in the payment crisis on the commodity exchange, are likely to submit their reports to the Department of Economic Affairs by 12 September.

US stock futures surge as potential Syria action delayed

Equities have recently been pressured by the prospect of a Western strike against Syria after chemical weapons were used to kill civilians. The geopolitical uncertainty contributed to steep losses in August, which marked the worst month for the S&P 500 .SPX since May 2012.<br /><br />

Troubled times: Here are some safe investment options

Not every one will have the courage to buy equities in such choppy markets. Definitely not the retail investor. So does the retail investor have any safe options at all? Actually you do.