Written By: Priyabrata Prusty | March 07, 2014 10:28 (IST)
Indian stock markets are trading at an all-time high. The 50-share Nifty hit a record high on Friday, surpassing its previous high of 6,415 hit on December 9, 2013. The BSE Sensex, which had surpassed its previous record on Thursday, traded over 200 points higher today. Many analysts expect the rally in Indian stocks to continue, but Ridham Desai of Morgan Stanley cautioned that investors need to be wary of the growing complacency in the market.
Written By: Varun Sinha | March 06, 2014 15:51 (IST)
The BSE Sensex eyed the psychological 22,000 mark on Friday after hitting successive record highs, while the broader Nifty is on the verge of crossing the 6500 levels for the first time ever after earlier surpassing its previous record of 6415 hit on December 9, 2013. Markets have rallied sharply after poll dates for electing a new government at the centre were announced on Wednesday.
March 04, 2014 12:04 (IST)
Subrata Roy, the chief of the Sahara conglomerate, will remain in police custody till the next hearing in a case related to refunding investors, the Supreme Court ruled on Tuesday. Roy was arrested on Friday after failing to appear at a Supreme Court hearing, which he says he missed to attend to his ailing mother.
March 04, 2014 10:27 (IST)
Russia's military intervention in neighbouring Ukraine pressured global stocks on Monday, but markets rebounded on Tuesday after President Vladimir Putin ordered troops involved in a military exercise in western Russia back to base in an announcement that appeared intended to ease East-West tension over fears of war in Ukraine. In India, the Sensex surged over 1 per cent, while the rupee pulled back below 62/dollar even though Moscow's forces remained in control of Ukraine's Crimea region.
February 18, 2014 11:36 (IST)
In his budget speech on Monday, Finance Minister P Chidambaram said that in the next three decades India's nominal GDP will take the country to the third rank after the US and China. India is currently the 11th largest country in terms of the size of its GDP. Mr Chidambaram said the government needs to undertake the following ten such tasks to achieve that goal.
February 17, 2014 09:49 (IST)
Expectations from the interim budget are extremely limited considering Finance Minister P Chidambaram cannot announce big bang reforms or tax changes. However, certain macro data may impact stock, bond and currency markets in the near term. UR Bhat, managing director of Dalton Capital told NDTV that markets would be closely watching government's estimates on growth and revenue.
February 17, 2014 08:11 (IST)
Finance Minister P Chidambaram will present an interim budget for the coming fiscal year on Monday. He will also seek Parliament's approval for expenditure through vote-on-account, which will allow the government to cover its expenditure beyond the current fiscal. By tradition, the interim budget does not contain proposals seeking to tinker with direct taxes, nor are there any policy announcements, although there may be some sops for the common man and sectors that need help.
February 13, 2014 21:47 (IST)
The government has said it will earn Rs 61,162 crore from the 2G spectrum auction that ended after 68 rounds of bidding over 10 days today. Major telecom companies Airtel and Vodafone have bagged spectrum in the crucial 900 MHz band in important markets like Delhi, Mumbai and Kolkata.
New Delhi | February 11, 2014 21:27 (IST)
Talks between the government and UK-based telecom giant Vodafone to settle a Rs 20,000-crore tax dispute have failed. The Centre has decided to withdraw its conciliation proposal and will now move to collect dues from the company.
February 11, 2014 09:22 (IST)
Banking operations were hit across the country as officials of public sector banks went on a two-day strike on Monday to press for a revision in wages.
February 06, 2014 17:11 (IST)
The government will seek Parliament's approval for expenditure through vote-on-account on February 17. The vote-on-account will allow the government to cover its expenditure beyond the current fiscal that ends on March 31, 2014.
February 03, 2014 10:24 (IST)
Eight mobile carriers are bidding for spectrum in the auction that began on Monday. This is the government's third attempt at auctioning two frequency bands (900 MHz and 1800 MHz) for at least Rs 11,300 crore or $1.8 billion.
February 03, 2014 09:04 (IST)
Eight mobile carriers are bidding for the spectrum auction that begun on Monday. This is the government's third attempt at auctioning two frequency bands (900 MHz and 1800 MHz) for at least Rs 11,300 crore or $1.8 billion.
Written By: Varun Sinha | January 10, 2014 17:58 (IST)
Infosys shares closed up 2.9 per cent at Rs 3,551 on Friday after the IT major beat margin estimates and upped its overall sales outlook for 2013-14. This was the third straight quarter when Infosys beat earnings forecast. The management assured investors that the ongoing restructuring was nearly complete and the spate of senior-level exits that have been the talking point recently will have no impact on market share or employee morale. Most of the brokerages reacted positively to Infosys' Q3.
January 03, 2014 10:20 (IST)
The government has released a factsheet of key economic indicators ahead of Prime Minister Manmohan Singh's press conference on Friday. The data indicates that Dr Singh's government has overall done better than the previous BJP-led NDA government of Atal Bihari Vajpayee. The factsheet, however, has no mention of inflation, seen as a key factor in the ruling Congress' disastrous showing in recent state elections.
New Delhi | December 27, 2013 14:18 (IST)
As we get ready to usher in 2014 and look back at the year that was. We list out five personalities from the world of business and economics who made news in 2013.
New Delhi | December 22, 2013 11:47 (IST)
When you shift jobs you either withdraw your PF or transfer it. Withdrawal is not really desirable, as you stand to lose compounding benefit of the balance which has already accumulated.
December 20, 2013 14:17 (IST)
The government has launched India's first inflation-linked savings bonds for retail investors. The interest rate on these bonds is pegged to consumer price inflation (CPI) index, thus protecting savings from price rise. Called the Inflation Indexed National Savings Securities-Cumulative, or IINSS-C, these bonds are designed to lure households away from investment in gold. Subscription opened on December 23 and will close on or before March 31, 2014.
December 19, 2013 03:51 (IST)
The US central bank on Wednesday said it will reduce its $85 billion a month in bond purchases by $10 billion starting in January 2014. For a change, markets rallied after the Fed announcement and the Dow Jones Average ended at a record high, registering its best day in two months.
New Delhi | December 10, 2013 16:42 (IST)
Divorce is now as much a reality of life as marriage itself. However, its implications on personal finances are still not addressed adequately. Lack of financial planning before a legal separation can complicate the lives of both individuals involved further. A little forethought can at least help address the financial impact of divorce to a large extent.