Latest Stories
Petrol Is Now Selling Cheaper Than Diesel In These Cities
| Friday, November 16, 2018, 17:05 [IST]
Both the auto fuels i.e. diesel and petrol are now closer in price with a gap of just single digit in comparison to Rs. 30 gap seven years ago. The gradual increase in the retail price of diesel to levels close ...
RIL Becomes Most Valued Company; Pips TCS
| Friday, November 16, 2018, 16:14 [IST]
In Friday's trade, Reliance Industries, oil to telecom conglomerate, pipped TCS to again bag the most valued firm title on the basis of market capitalization. Shares of Reliance Industries in intra-day trade today opened at Rs. 1096.10 and made ...
Bank Credit To MSMEs Declines For The First Time In Past 14 Months
| Friday, November 16, 2018, 13:38 [IST]
The outstanding credit to small businesses by banks has declined for the first time in 14 months as against the belief of RBI claiming two weeks ago that there is no liquidity crunch in the sector. As per the ...
Taking Loan: What Should You Opt For Flat Interest Rate or Reducing Balance Rate?
| Friday, November 16, 2018, 12:37 [IST]
Lenders decide the cost of borrowing for the loan applicant basis the risk-based pricing model. As per the model, the credit behavior of the concern is adjudged and the probable risk of default is computed to determine the interest rate. If ...
No Liquidity Squeeze In NBFC Sector, Says SBI Chairman Rajnish Kumar
| Thursday, November 15, 2018, 16:08 [IST]
On Thursday, leading public sector bank's Chairman Rajnish Kumar asserted that the NBFC sector is not reeling under liquidity crisis. The comments come amid a rift between RBI and the centre over the liquidity issue. "There is no liquidity ...
5 IT Stocks That Doubled Investor's Money In 3 Years
| Thursday, November 15, 2018, 15:03 [IST]
Rupee's downward trajectory augurs well for defensive stocks such as those from the Information technology and pharma pack. And over the course of 3 years, some 10 IT stocks have multiplied investors' wealth by as much as double and during this ...
Gold Prices Remain Steady After Dollar Declines From 16-Month High Level
| Thursday, November 15, 2018, 13:55 [IST]
Gold prices on Thursday have held on to most of their gains and are trading almost steady after rising as much as 1% in the earlier trading day. This has come off as dollar has lost in value after hitting a ...
Health Insurance Major Revamp Plan To Serve Customers Better: Here’s How?
| Thursday, November 15, 2018, 13:18 [IST]
Considering the loopholes in the health insurance schemes as pre-existing ailment clause more so works in the favour of insurance companies, the IRDAI in its latest report proposes a much clear definition for pre-existing ailment. This is because the clause is ...
Yes Bank Slumps Over 8% Following Chairman's Resignation
| Thursday, November 15, 2018, 11:01 [IST]
Yes Bank shares lost heavily in Thursday's intra-day trade by over 8% after the private-sector lender's non-executive Chairman, Ashok Chawla, has put down his papers. The resignation comes into immediate effect and the executive has stepped down from his position with ...
Infosys To Set-Up Tech Hub In Texas, Hire 500 Locals By 2020
| Wednesday, November 14, 2018, 16:11 [IST]
Infosys, India's second largest IT company, has announced opening a tech and innovation hub in the state of Texas. The company will hire as many as 500 American workers by 2020. The technology hub with prime focus on retail, banking and ...
M&M Q2 Net Profit Increases 26% YoY To Rs 1,778.75 Crore
| Wednesday, November 14, 2018, 15:20 [IST]
Mahindra and Mahindra, leading automobile manufacturing company, recorded a 26% YoY increase in net profit to Rs 1,778.75 crore for the July-September quarter. During the same quarter last year, M&M posted profit of Rs. 1,410.86 crore. The earnings take into account ...
Rupee's Sharp Jump To 72 Level In A Month: Here's An Explanation
| Wednesday, November 14, 2018, 13:30 [IST]
The rupee in Wednesday's trade showed sharp resilience and surged to levels of 72 against the US dollar for the first time since September 21. Here are explained some of the major reasons which pulled the home currency back from 74.5 ...
