Written By: Varun Sinha | December 05, 2013 13:08 (IST)
The BSE Sensex surged 1.2 per cent on Thursday after exit polls predicted a win for the BJP in four states where assembly elections have been held; votes will be counted on Sunday. Experts said a BJP win in the assembly polls would be a positive for markets.
November 29, 2013 13:09 (IST)
The Sensex surged over 280 points on Friday on hopes that second quarter GDP data, due later in the day, will show a pick-up in growth. India's economic growth virtually halved in two years to 5 per cent in 2012-13 -- the lowest level in a decade. The first quarter of 2013-14 saw GDP expansion at 4.4 per cent, which was the lowest in four years. A higher than expected print will help sentiments at a time when the government is struggling to rein in high inflation and spur the investment cycle.
November 28, 2013 10:19 (IST)
Virtual currencies, or digital cash, are gaining popularity as a new way to purchase goods or services. They are not regulated or issued by a central bank. The most popular virtual currency is Bitcoin, which soared above $1,000 for the first time on Wednesday.
November 21, 2013 17:48 (IST)
The Supreme Court on Thursday restrained Sahara Group chief Subrata Roy from leaving the country. The top court also barred the group from selling any of its properties. The development comes in the wake of market regulator Securities and Exchange Board of India (Sebi) on Wednesday telling the Supreme Court that Sahara had overvalued its properties and did not hand over all original title deeds of assets worth Rs 20,000 crore as per the court's direction.
November 21, 2013 13:45 (IST)
Everybody makes mistakes. The repercussions of a mistake could be trivial or grave. A financial mistake is one such blunder that can create big problems if they are not resolved immediately.
November 19, 2013 15:17 (IST)
The first branch of India's first all-woman bank -- Bharatiya Mahila Bank -- opened in Lucknow on Tuesday. Prime Minister Manmohan Singh and Congress president Sonia Gandhi inaugurated the branch via video conferencing from Mumbai. Finance Minister P. Chidambaram was also be present.
New Delhi | November 16, 2013 16:34 (IST)
Building wealth and getting rich is a topic often spoken about by many, but followed by very few. The reason for this, is that wealth creation involves time and a lot of effort. Although the process of building wealth is not complex, it is difficult to implement, simply because of the discipline it requires.
November 11, 2013 11:03 (IST)
Shares in Tata Motors fell as much as 2.5 per cent to Rs 375 on Monday even though the company reported strong numbers for the July to September quarter last week. India's biggest automaker by revenue beat analyst estimates by posting a 71 per cent jump in profit, its first quarterly gain in a year, as buoyant sales at luxury unit Jaguar Land Rover received a lift from new models.
November 11, 2013 09:45 (IST)
The rupee hit a 7-week low of 63.33 per dollar on Monday. The renewed weakness in the currency over the last few weeks has started impacting equity markets, which seem to have lost steam after hitting a record high early this month. The rupee has pulled back sharply since Raghuram Rajan took over as the Reserve Bank governor in September. From a record low of 68.85 per dollar hit on August 28, the rupee had managed to hit a high of 60.94 on October 18.
November 02, 2013 14:04 (IST)
October and November are synonymous with festivity, as it brings together friends and families for Durga puja, Dussehra and Diwali. Though the joy and happiness of this festive season is unparalleled, the effect of not planning our finances during this period can impact personal finance in the later months.
November 01, 2013 17:33 (IST)
The BSE Sensex hit an all-time high on Friday, breaking a nearly six-year old record, but the current rally has failed to excite many investors. Finance Minister P Chidambaram also cautioned investors against excessive exuberance over market rally.
Written By: Varun Sinha | November 01, 2013 11:51 (IST)
The BSE Sensex on Friday hit an all-time high breaching the earlier record of 21,206.77 registered on January 10, 2008. The Sensex has now gained 22 per cent since hitting an intraday yearly low of 17,448.71 on August 28, a period when the rupee was at record lows and the country appeared in the midst of a crisis of confidence.
November 01, 2013 09:48 (IST)
The BSE Sensex hit an all-time high on Friday edging above the previous record high of 21,206.77 registered on January 10, 2008. The Sensex traded with over 100-point gain and headed towards 21,300 levels. For investors, however, what matters most is how individual stocks have performed over the last six years. If you had these five stocks in your portfolio, you would be super-rich today.
October 31, 2013 12:33 (IST)
The BSE Sensex closed at a record high on Wednesday and is now within striking distance of the all-time high hit nearly six years ago. The Sensex has now gained 21 percent since hitting an intraday yearly low of 17,448.71 points on August 28, a period when the rupee was at record lows and the country appeared in the midst of a crisis of confidence. However, the current rally has failed to excite many investors, who remain unconvinced about the strength of the current rally.
October 29, 2013 13:03 (IST)
Reserve Bank of India (RBI) Governor Raghuram Rajan today hiked repo rate- the rate at which the central bank lends short term money to banks- for the second time in as many months, citing inflationary concerns.
October 28, 2013 10:54 (IST)
Hindustan Unilever shares jumped as much as 4.2 per cent on Monday after the FMCG major's Q2 sales volume met analyst estimates. HUL was among the top gainers on the Nifty, but most brokerages retained their cautious call on the stock post earnings announcement.
October 27, 2013 14:21 (IST)
Tax free bonds have emerged as a popular investment option due to the taxation benefits they offer. The interest income on these bonds, generally issued by government enterprises, is exempted from taxation.
New Delhi | October 26, 2013 12:53 (IST)
PAN card or Permanent Account Number card is an essential document for most us, not just for the purpose of filing tax returns but many of us, use it as a form of identification, as well. So, it goes without saying that losing your PAN card can leave you feeling tensed and restless. But, there's no reason to fret, as getting a reprint or a new card, in case you never had one, is as easy as a click of a button.
Written By: Varun Sinha | October 23, 2013 12:20 (IST)
Wipro shares dropped as much as 8.5 per cent on Wednesday even though India's third largest outsourcer reported strong margin growth in the September quarter and guided for higher than expected dollar sales growth in the December quarter. Wipro's IT services revenues grew fastest in seven quarters, but perhaps traders were more focussed on Wipro's underperformance vis-a-vis peers. Global brokerages mostly retained their cautious stance on the stock post earnings.
Written By: Varun Sinha | October 22, 2013 13:55 (IST)
Onion prices have shot up sharply across the country following a surge in wholesale onion prices at Lasalgaon in Maharashtra (Asia's biggest market) where prices hit an all-time high on Friday. Rising onion prices have not only hurt household budgets in the festive season, but they have also become a political issue ahead of assembly elections in five states. A 323% jump in onion prices pushed September inflation to 7-month high, raising chances of another rate hike later this month.