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Data Security Council of India appoints Nandkumar Saravade as CEO

Jun 29, 2015 at 18:17 | Source: FirstPost

Data Security Council of India (DSCI) Board has named Nandkumar Saravade as chief executive officer of the organisation, effective July 1. He will take over from the current officiating CEO, Rama Vedashree, VP NASSCOM.R. Chandrashekhar, President, NA...

Sensex ends down 167 points, after crashing over 600 pts in initial trades

Jun 29, 2015 at 17:05 | Source: FirstPost

Domestic equity markets ended off their intra-day lows as late bout of shortcovering in select FMCG and frontline stocks helped the benchmark Sensex erase most of its early losses after a weak opening had snow-balled into a full-blown sell-off in the...

Sensex tanks over 500 pts: Manic Monday on Dalal Street as Greek default looms

Jun 29, 2015 at 11:40 | Source: FirstPost

Key domestic equity benchmark indices came down crashing in the opening trade Monday, with benchmark Sensex tumbling over 500 points amid knee-jerk reaction by investors over Greece inching closer towards a likely expulsion from the Euro zone after w...

Manic Monday on Dalal Street as Greek default looms; Sensex tanks over 500 pts

Jun 29, 2015 at 10:06 | Source: FirstPost

Key domestic equity benchmark indices came down crashing in the opening trade Monday, with benchmark Sensex tumbling over 500 points amid knee-jerk reaction by investors over Greece inching closer towards a likely expulsion from the Euro zone after w...

LIC should ask itself who is the boss: The policyholder or Arun Jaitley

Jun 27, 2015 at 15:17 | Source: FirstPost

It is time for Finance Minister Arun Jaitley to start work on listing the public sector insurance behemoth, the Life Insurance Corporation (LIC) of India.Quite apart from the fact that the money obtained by offloading a portion of LIC will be useful ...

Sensex drops 117 pts in early trade; banking, capital goods shares lead decline

Jun 26, 2015 at 10:56 | Source: FirstPost

Domestic equities mirroring the weak sentiment in Asian peers and overnight fall in US gauges faltered in early trade Friday, as banking, capital goods and realty shares retreated dragging down the key benchmark Sensex below 27,800 mark.Investors rem...

Bulls maintain strong hold as Sensex ends 414 pts higher; surges 1,359 pts in seven sessions

Jun 22, 2015 at 17:12 | Source: FirstPost

Equity markets showed no signs of fatigue as rally continued unabated for the seventh consecutive session on Monday, with benchmark Sensex surging 466 points intra-day to edge past 27,700 amid hopes of a better-than-expected monsoon for this month ag...

Extended rally propels Sensex past 27,700 as banking, realty shares sizzle

Jun 22, 2015 at 14:07 | Source: FirstPost

Riding on the back of a firm opening, benchmark Sensex advanced further in the noon trade surpassing the 27,700-mark as robust buying continued in banking and realty shares amid growing optimism amongst investors that talks between debt-ridden Greece...

Sensex spurts 220 points taking cues from Asian shares; banking in spotlight

Jun 22, 2015 at 10:55 | Source: FirstPost

Domestic equities made a firm start to the week in early Monday trade, as investors drew comfort from the rise in other Asian indices in an otherwise uncertain market sentiment, dealers said. Asian shares were up on hopes that Greece could strike a s...

Sensex above 27,000-mark as Reliance Industries lead the march

Jun 18, 2015 at 10:50 | Source: FirstPost

Local shares were in the thick of action in early trade with benchmark Sensex edging past the 27,000-mark after a firm opening, as investors took cues from positive close in the US markets and stepped up value buying in beaten-down stocks followingth...

Falling market share, not Rajan or Jaitley, will force banks to cut lending rates

Jun 15, 2015 at 11:51 | Source: FirstPost

Mumbai: After the 2 June monetary policy announcement, several banks have announced a reduction in their base rates, or minimum lending rates, by up to 25 basis points, thus making the average base rate in the banking industry now around 10 percent. ...

Sensex ends up 54 pts, but extends losing streak for third straight week

Jun 12, 2015 at 16:52 | Source: FirstPost

Equity markets concluded the last trading session of the week on a positive note, albeit with modest gains in a session marked by volatility, as a firm European markets opening coupled with recovery in local banking shares helped key benchmark indice...

Sensex plunges 470 pts as monsoon woes resurface, Nifty ends below 8,000

Jun 11, 2015 at 16:25 | Source: FirstPost

Domestic concerns once again came back to haunt the local equity markets as worries over delay in monsoon resurfaced pulling down the benchmark Nifty below the crucial 8,000 mark while investors took a swipe at banking shares.Today's free fall in mar...

A Mallya case study: Judiciary shouldn't play spoilsport when banks deal with crony-raj

Jun 11, 2015 at 14:10 | Source: FirstPost

On 5 January 2012, Pratip Chaudhary, then chairman of State Bank of India told reporters in Delhi something that was long-rumoured in banking industry circles -- Kingfisher Airlines has defaulted loan repayments to several banks. The account is now a...

Sensex ends up 359 pts: Advantage India as inclusion of China shares in MSCI delayed

Jun 10, 2015 at 16:39 | Source: FirstPost

Domestic equity markets staged a strong bounceback in a major relief rally on Wednesday, helping the benchmark Sensex overcome six sessions of losses, as investors cheered the US index provider MSCI's decision to delay inclusion of Chinese 'A' shares...

SBI union stand-off: Bank should use this chance and hive off its associates

Jun 04, 2015 at 16:26 | Source: FirstPost

For long, employee trade unions have staged protests opposing the merger of State Bank of India (SBI) with its associates. This time, however, unions have gone one a step further they want total de-linking of the remaining five associates from SBI a...

Sensex down 1000 pts in 2 days; Rs 4.45 lakh cr wealth washed out: 6 key points

Jun 03, 2015 at 16:33 | Source: FirstPost

Equity markets took a pounding for the second straight session on Wednesday, with the benchmark Sensex crashing over 1,000 points in these many sessions underpinned by worries of weak monsoon prospects hurting growth and spiralling up inflation.On We...

Sensex crashes nearly 500 pts; realty index hits 52-week low as Unitech falls 41%

Jun 03, 2015 at 13:08 | Source: FirstPost

Equity markets plunged deeper into the red and the benchmark Sensex crashed nearly 500 points in noon trades, as investors fled from realty, consumer durables and auto stocks amid worries the weak monsoon forecast could spell further trouble for thes...

RBI policy: Banks should get over their hunger for profit and cut rates steeper

Jun 03, 2015 at 11:36 | Source: FirstPost

At least four banks announced reduction in their base rates, or minimum lending rates, or Tuesday hours after the Reserve Bank of India (RBI) reduced the repo rate, at which it lends short-term funds to banks, by a quarter percentage point to support...

RBI rate cut: Cheaper EMI an illusion unless banks get over their profit hunger

Jun 03, 2015 at 11:36 | Source: FirstPost

At least four banks announced reduction in their base rates, or minimum lending rates, on Tuesday hours after the Reserve Bank of India (RBI) reduced the repo rate, at which it lends short-term funds to banks, by a quarter percentage point to support...

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See new highs this fiscal; near term clouded: Nilesh Shah

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