DBS to offer housing loans
Apr 21, 2014 at 04:02 | Source:
Calcutta Telegraph News
Mumbai, April 20: Singapore-based DBS Bank is set to make a foray into asset-based lending, nearly five years after entering India. DBS will sell mortgages (housing loans) and loan against property (LAP) as it seeks to consolidate its consumer banki...
Seven Sensex firms add Rs 30,862 cr in m-cap; TCS, ITC shine
Apr 20, 2014 at 12:06 | Source:
MUMBAI: The combined market capitalisation (m-cap) of seven Sensex companies increased by Rs 30,862 crore last week, with TCS and ITC emerging as the biggest gainers. While the market valuation of TCS, Reliance Industries, ITC, ONGC, State Bank of In...
Upward momentum in Sensex likely to continue; top five trading strategies
Apr 19, 2014 at 16:11 | Source:
MUMBAI: The Sensex ended the previous week on a flat note as the foreign inflows tapered in the truncated week. A sharp rally on the last trading day of the week indicates that the upward momentum is likely to continue till the elections results are...
Nifty to test 6900 levels; top five trading strategies
Apr 19, 2014 at 13:56 | Source:
By Mitesh Thacker of miteshthacker.com As we enter truncated expiry week, we maintain our view that Nifty needs to sustain above the range of 6800--6820, which would give some strength and a possible test of levels of 6850 or even 6900/6980 levels. R...
Cyclicals will drive markets further up, say analysts
Apr 18, 2014 at 05:11 | Source:
Even though most cyclical stocks have achieved their target prices set by analysts in the recent rally and seem to be overvalued, analysts continue to be optimistic about the potential upside in these stocks. They will continue to rise further in the...
Largest bond sale of Rs 20,000 crore fully covered
Apr 17, 2014 at 21:36 | Source:
MUMBAI: The Reserve Bank of India has successfully sold government bonds worth Rs 20,000 crore in the country's largest ever auction held on Thursday. The central bank offered attractive yields for long-term maturities of 8-29 years. While banks and...
BSE Sensex surges 351 points on value buying
Apr 17, 2014 at 18:42 | Source:
(Photo: Reuters) After three days of losses, the BSE Sensex surged by over 351 points on value buying by foreign funds amid corporates Tata Consultancy Services (TCS) and HCL Tech reporting robust fourth quarter earning figures.Brokers said investor...
EPFO to provide all benefits through electronic mode by September
Apr 17, 2014 at 14:56 | Source:
NEW DELHI: Retirement fund body EPFO has decided to make all payments to its beneficiaries through electronic mode from September this year, including provident fund claims. "The Employees' Provident Fund Organisation has decided to make 100 per cen...
Sensex closes 144 pts lower on profit-booking
Apr 16, 2014 at 09:37 | Source:
The BSE benchmark index Sensex on Tuesday fell further by 144 points as investors booked profits at high levels after inflation soared to a three-month high for March dashing hopes of any rate cut by the Reserve Bank.The 30-share barometer fell by 1...
'BUY' or 'SELL' ideas from experts for Tuesday, 15 April 2014
Apr 15, 2014 at 08:46 | Source:
NEW DELHI: Indian markets are expected to trade in a range with a positive bias on Tuesday. ET Now spoke to various experts and here's what they have to recommend for today's trade: Ashwani Gujral of ashwanigujral.com RCF Ltd is a 'BUY' call with a ...
Air India to generate cash from rentals, in-flight ads
Apr 14, 2014 at 16:31 | Source:
(Photo: Associated Press) Air India, the cash-strapped national carrier, is all set to rent out its excess property across the country and encourage in-flight advertising to augment revenues. "Under our new financial plan, we have decided to rent ou...
Bank of India loans $200 mn to Air India for purchase of 3 Dreamliners
Apr 14, 2014 at 08:21 | Source:
For the first time, Indian banks have started evincing interest in financing aircraft purchase, with state-run Bank of India (BoI) extending a loan of $200 million to Air India to finance the acquisition of three Dreamliners , official sources said ...
Forex debt raising soars, touches $ 5.6 billion so far this year
Apr 13, 2014 at 16:31 | Source:
MUMBAI: As domestic interest rate is likely to remain elevated for some more time, corporates and banks are hitting the international debt market with renewed interest and have mopped up a hefty $ 5.6 billion so far this year. Last year, India Inc r...
Sensex closes 86 pts lower ahead of IIP data
Apr 12, 2014 at 02:47 | Source:
The BSE benchmark Sensex on Friday fell from record levels by losing over 86 points as cautious investors booked profits ahead of inflation data and earning season amid a slide in global markets.The Sensex dropped by 86.37 points, or 0.38 per cent, ...
RIL, SBI, Tata Motors among 100 most influential Asian companies
Apr 11, 2014 at 23:01 | Source:
NEW DELHI: Three Indian firms, including Reliance Industries, have made it to the list of 100 most influential Asian companies compiled by Roland Berger Strategy Consultants. Mukesh Ambani-led Reliance Industries ( RIL) bagged the 77th position in th...
RBI panel holds out hope for borrowers
Apr 11, 2014 at 17:22 | Source:
Calcutta Telegraph News
Mumbai, April 10: In an effort to bring relief to borrowers of floating rate loans, an RBI panel today recommended that banks should reset interest rates on specific dates, irrespective of the change in the base rate. The committee headed by former ...
State Bank of India mops up record $1.25 bn from overseas bond sale
Apr 11, 2014 at 16:36 | Source:
MUMBAI: Nation's largest lender State Bank of India has mopped up $1.25 billion from overseas debt sale through a dual tranche bond programme, making it the largest ever offering from a domestic issuer. The bank raised $750 million in 5-year money at...