Stock Market News | Corporate News | Live Share Market News | Banking News India – Oneindia Money Stock Market News – Oneindia Money brings you latest business news, monetary & trade policies, global finance news, business news from all over the world. Mon, 25 Sep 2017 17:15:01 +0530 Stock Market News | Corporate News | Live Share Market News | Banking News India – Oneindia Money Stock Market News – Oneindia Money brings you latest business news, monetary & trade policies, global finance news, business news from all over the world. RIL World's 3rd Largest Energy Firm; IOC Makes It To Top 10 Reliance Industries Ltd has jumped five places to rank as the world's third-biggest energy company behind Russian gas firm Gazrpom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings. State-owned Indian Oil Corp (IOC) broke into the Mon, 25 Sep 2017 17:10:00 +0530 Buyback Approval At Rs. 670 Per Share Pushes Novartis Scrip Down By 9% The board of Novartis has approved a share buyback plan for Novartis and a lower price band of Rs. 670 per share decided for the buyback has drifted the stock southwards on price. After slipping to Rs. 626 Mon, 25 Sep 2017 15:45:03 +0530 Sept 30 Deadline: 1,000 Bank Branches Open Aadhaar Updation Centres The UIDAI has said over 1,000 bank branches of 42 private and public sector banks have opened Aadhaar enrolment and updation centres within their premises. The Aadhaar issuing body further said it has received commitments for the opening of such centres Mon, 25 Sep 2017 14:52:20 +0530 Govt Stimulus to Boost Economy in The Works Putting more money into the hands of consumers this festive season, easier loans to SMEs and expediting disinvestment are among the steps being considered as part of a stimulus package to dig the economy out of its deepest slump in three Mon, 25 Sep 2017 14:10:05 +0530 Gold Up on Rising Geopolitical Tension Gold futures closed higher in the international market on Friday with heightened tension pegged to North Korea credited with providing a modicum of support to the haven.North Korean officials threatened to test a hydrogen bomb over the Pacific Ocean, escalating Mon, 25 Sep 2017 14:10:05 +0530 Sensex Drops 750 Points In Two Days; Here's Why When an IPO sells at a staggering p/e of 73 times, you begin to realize that rationality has paved the way for over exuberance in the stock markets. Finally it seems markets are realizing that the economy is not in the Mon, 25 Sep 2017 13:51:13 +0530 Domestic Airfares To Get Pricey As GST To Impact Operation Costs Heavily The already struggling airline industry with the implementation of GST is confronting issues on the cost front and it is expected that flyers will have to dole out additional money in the near term towards fare cost. The Mon, 25 Sep 2017 12:23:42 +0530 Capacit'e Infraprojects' Debuts At Rs. 399; Drops Sharply Thereafter Capacit'e Infraprojects' made a strong debut on the bourses, but fell thereafter. The stock opened at a solid 60 per cent over the issue price at Rs 399, but, investors dumped the stock as market sentiments were very weak. The Mon, 25 Sep 2017 11:49:31 +0530 PF Money Transfer Is Easier Now: Know How Earlier a lot of paperwork required for EPF transfer claim for those who switched jobs. After then the online transfer claim of EPF by Employees' Provident Fund Organisation (EPFO) has made it easier for anyone opting for a change in job. Mon, 25 Sep 2017 11:19:43 +0530 Eight Of Top 10 Sensex Companies Lose Rs. 54,539 cr In m-cap The combined market valuation of eight of the 10 most valued Indian companies plummeted by Rs 54,539.20 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit. Barring Tata Consultancy Services (TCS) and HDFC, the rest eight companies, including Mon, 25 Sep 2017 10:35:12 +0530 Govt Notifies New Duty Drawback Rates From Oct 1 The government today came out with modified duty drawback rates for exporters, evoking the sharp reaction from the apparel industry which will witness the reduction in tax refunds. The new All Industry Rates of Duty drawback, the refund of duties on Sat, 23 Sep 2017 16:22:15 +0530 Government Sets Terms For Companies Going Non-Branded To Avoid GST Earlier the GST Council has refrained companies and businesses going for deregistration of their brands to avoid GST but lately it introduced the terms for deregistration of brands. In continuance of the same, such companies who aim to Sat, 23 Sep 2017 15:04:58 +0530 SBI Launches New Index Series At LSE: For Investors To Track Indian Bonds To enable investors better track movement of Indian bonds, SBI in collaboration with FTSE Russell has launched a new series at the London Stock Exchange. The bank in a statement said that the new FTSE SBI Bond Index Series "demonstrates SBI's Sat, 23 Sep 2017 14:06:28 +0530 No Credit Or Debit Card Of Any Bank Restricted For Payment: IRCTC Amidst reports of IRCTC barring certain banks from using its payment gateway for debit card transactions, the railways' tourism and catering arm issued a statement denying the reports. The IRCTC has said options to pay through payment gateway using debit/credit card Sat, 23 Sep 2017 13:50:00 +0530 High Unemployment: Challenge And Risk Cited To Be The Biggest Moderation in India's GDP together with other weak economic indicators such as broadening of the fiscal deficit and new technologies such as artificial intelligence and robotics is only going to add to the woes of new graduates and employed staff going Sat, 23 Sep 2017 12:58:50 +0530 Taxpayers Should Ask For Warrant Before Allowing I-T Search In the wake of some fake I-T raid incidents, the revenue department said taxpayers should seek and inspect the warrant of authorization before allowing income tax officials to search their premises. The Income Tax Department in the Delhi region regularly conducts Sat, 23 Sep 2017 12:10:19 +0530 Government Tweaks Masala Bonds And Makes It Part of ECB On Friday the RBI has augmented FPI ceiling through masala bonds which are being increasingly used by corporates to raise foreign debt. Some of the recent masala bond issue are from public run enterprises that include NTPC and NHAI. For Sat, 23 Sep 2017 11:35:57 +0530 PM Awas Yojana: You Can Save Rs 2.6 Lakh On Home Loan Until Mar 2019 The interest subsidy of up to Rs 2.60 lakh on home loans under the Centre's affordable housing scheme will now be available to middle-income group (MIG) beneficiaries for 15 more months till March 2019, a top official said here. Housing and Sat, 23 Sep 2017 10:36:11 +0530 Bigger Fall Likely After Sensex's Biggest Drop Of 2017 Markets saw the biggest single day drop of 2017. The ferocious selling took markets by surprise on Friday with the Nifty falling a huge 148 points. Here are 4 reasons why you should sell stocks, at every rally next week. Sat, 23 Sep 2017 10:26:01 +0530 I-T Dept Asks Taxpayers To Update Self Info On e-filing Portal The Income Tax Department has asked taxpayers, who file ITRs and conduct other I-T businesses online, to update their profiles and vital details on the official e-filing portal to ensure an "effective communication" between the two. The department today issued an Fri, 22 Sep 2017 16:32:00 +0530 IRCTC Decline Few Bank Debit Card Transactions On Its Platform Citing concerns that some of the banks refused to share convenience fee charged to consumers with the railway booking platform, some of the banks shall henceforth not be able to use their debit card payment gateway on its platform. {image-railways5-01-1472708059-22-1506074930.jpg Fri, 22 Sep 2017 15:39:24 +0530 SBI Life IPO Oversubscribed 1.43 Times The initial share sale offer of SBI Life Insurance Company was oversubscribed 1.43 times so far on the last day of bidding today. The initial public offer (IPO), which aims to raise Rs 8,400 crore, received bids for 12,64,70,379 shares against Fri, 22 Sep 2017 15:35:31 +0530 \"Credit Growth Unlikely to Pick Up During Festive Season\" Credit growth is unlikely to pick up during the festival season, though improvement is expected in September industrial growth numbers due to restocking by the automobile industry, an SBI report said as per the PTI report.The yearly SBI Composite Index Fri, 22 Sep 2017 14:10:01 +0530 E-comm Cos see Big boom in Mobile Sales in Festive Season E-commerce majors Flipkart, Amazon and Paytm Mall have seen a huge spurt in smartphone purchases on the first day of their festive season sales, beating last year's figures, reported PTI.Flipkart, which kicked off its 'The Big Billion Days' (TBBD) sale Fri, 22 Sep 2017 14:10:01 +0530 Gold Down on Fed Rate Hike Possibility Gold futures closed lower in the international market on Thursday after the U.S. Federal Reserve hinted that interest rates will go up in December.The Fed also announced it will slowly shrink its huge, economy-boosting $4.5 trillion balance sheet starting in Fri, 22 Sep 2017 14:10:01 +0530 Banking Sector Consolidation: Dena And Vijaya Bank May Merge To help the banking sector both in terms of efficiency and scale, the government's plan of consolidation in the sector is fast gearing, as two more banks namely Vijaya and Dena Bank are reported to consider merger and talks are underway Fri, 22 Sep 2017 13:01:28 +0530 Aditya Birla SUN Life AMC Launches New Fund Scheme Aditya Birla Sun Life AMC Ltd has launched a new fund scheme which will invest mainly in equity and equity-related securities. The Aditya Birla Sun Life Resurgent India Fund Series 5, a close-ended equity scheme with tenure of 3.5 years, opened Fri, 22 Sep 2017 12:51:34 +0530 Sensex Sinks 448 Points: Sees Worst One Day Fall In 2017 The Sensex and the Nifty saw their worst one day decline in months, as a host of factors impacted the markets, as Foreign Portfolio Investors sold heavily into stocks. The Sensex ended the day with a staggering loss of 447 points, Fri, 22 Sep 2017 11:59:10 +0530 YES Banks Trims Staff By Almost 2,500 Private lender YES Bank has gone in for "rationalization" of the workforce to address certain "redundancies," the company has said. According to reports, the bank has reduced its workforce by nearly 2,500 on account of digitization and automation. Although YES Bank Fri, 22 Sep 2017 10:46:24 +0530 Rupee Plunges To 65.11; Lowest Levels Since April The rupee fell to its lowest level since April 2017,  as investors worried over expansion of the fiscal deficit and weak global cues. The currency was last seen trading at 65.11 to the dollar - a level that the rupee has Fri, 22 Sep 2017 09:43:01 +0530