A firmer rupee, IDBI stake sale and Jio IPO lift sentiment, but crude oil above $100 a barrel remains the biggest threat to the rally. It’s a rare day on Dalal Street: the bulls are prancing – and how! The rupee, Asia’s best-performing currency over the past five days, has added to the bullish mood…
LIC posted a 23% rise in June-quarter net profit to ₹13,492 crore, driven by higher premium income and an improvement in its solvency ratio Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to ₹13,492 crore in the first quarter of the ongoing financial year. The country’s…
Rising global prices of the precious metals, preferential access through India-UAE CEPA could keep value, volumes high. With mounting pressure on the current account deficit, the Centre has more than doubled the customs duty on gold and silver to 15% from 6%. It has similarly hiked the import duty on platinum to 15.4% from…
Under Export Promotion Capital Goods (EPCG) scheme, domestic firms are allowed to import duty-free machines but they have to meet certain export obligations against that The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing…
The NBFC stock has faced near-term pressure, with its share price slipping slightly over the past five sessions and declining about 4% over the last month. Manappuram Finance, on Saturday, said that the company has received Reserve Bank of India (RBI) approval for the proposed acquisition of up to 41.66% of the company’s paid-up equity…
The Nifty Auto index has zoomed as much as 157.8 per cent in the last four calendar years as against a 50.6 per cent surge in the benchmark Nifty 50, shows data. The Nifty Auto index was up over 1 per cent in intra-day trade on Friday, and hit a fresh all-time high for the…
May marks the fourth consecutive month that inflation has remained below 4 percent india’s inflation stays below 4 percent India’s retail inflation eased to a 75-month low of 2.82 percent in May, compared with 3.2 percent in April, as food inflation eased below 1 percent for the first time in nearly four years, according to…
The pain was much deeper in the broader market as Nifty Smallcap 100 and Nifty Midcap 100 tumbled 3.55 per cent and 2.41 per cent, respectively. Domestic benchmarks continued their losing run for the eighth consecutive trading session on Friday as all sectoral indices dragged. The pain was much deeper in the broader…