Investing News - Page 11

Govt defers SUUTI closure, sets up stake sale in private firms

The government has budgeted Rs 14,000 crore by way of residual stake sale in companies in which it does not hold a majority stake.

Sensex flat; Manappuram up 20% after RBI eases gold lending rules

The market has opened marginally higher. The Sensex is up 40.25 points at 20769.63, and the Nifty is up 7.10 points at 6181.70.

NSEL director Jignesh Shah quizzed again; focus now on broking firms

NSEL, where Shah is one of the Directors, is at the centre of a Rs 5,600-crore payment crisis which came to light in July last. Mumbai Police's Economic Offences Wing (EOW) is probing the scam.

RBI allows NBFCs to lend more against gold jewellery

RBI, however, clarified that the need to give a certificate on the purity of gold cannot be dispensed with.

Rupee rises 23 paise to 62.07 against dollar

The rupee bounced back and ended at the day's high of 62.07, a rise of 23 paise or 0.37 percent.

Sensex snaps 5-day losing run, posts first daily gain this year

The BSE Sensex rose on Wednesday to mark its first daily gain this year, snapping a five-session losing run, as exporters such as Tata Consultancy services rose on hopes about their earnings, while Coal India surged on its interim dividend plan.<br /><br />

Changing the KYC: From Kick Your Customer to Know Your Customer?

The RBI should require a strong Proof of Identity (POI) for each and every customer and a documentary proof of one national address but waive the requirement of documentary proof for the current address, for the purpose of opening a full service bank account,"a report states.

Sensex in green; SpiceJet up 1.48% after it orders Boeing jets

The market opened in the positive terrain. The Sensex is up 73.75 points at 20766.99, and the Nifty up 15.80 points or 0.26% at 6178.05.

'Arrest Jignesh Shah,' NSEL investors urge Mumbai police

Over 200 aggrieved investors of the beleaguered National Spot Exchange Ltd (NSEL) demanded that the Mumbai Police arrest Jignesh Shah and other key accused, besides speeding up recovery from borrowers and defaulters within a stipulated time period.

Sensex extends 2014 retreat to fifth consecutive day

After opening in the green, Indian equity markets fell on on Tuesday, extending their weak start to the year to a fifth consecutive session, as software stocks including Infosys dropped on caution ahead of its October-December earnings results on Friday.<br /><br />

Sensex snaps four-day loss, Nifty tests 6200; IT stocks in red

The S&P BSE Sensex bounced back after falling for four consecutive days. The Sensex is up 72.26 points at 20859.56, and the Nifty is up 18.60 points at 6210.05.

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.

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 />

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.