Sebi slaps Rs 5 lakh fine on IFCI Factors, 3 others

Sebi slaps Rs 5 lakh fine on IFCI Factors, 3 others

New Delhi, Markets regulator Sebi has imposed a total penalty of Rs 5 lakh on four entities, including IFCI Factors, for disclosure lapses in the matter of Shiva Cement. Apart from IFCI Factors, the other three entities are Shiva Cement’s promoters — Unicon Merchants, Akash Gupta and Preeti Gupta. Following an examination, the regulator had […]

Gujarat-Himachal verdict: Sensex dips as Cong gives tough fight to BJP

Gujarat-Himachal verdict: Sensex dips as Cong gives tough fight to BJP

New Delhi : As the early trends of the Gujarat and Himachal PradeshAssembly elections started pouring in on Monday morning, the sensex opened with a thud, as Nifty slipped below its crucial 10,150 level.At the time of reporting, the benchmark indices were sharply lower – by more than 600 points. The early trends showed the Congress party giving a tough fight to […]

gold slips Rs 100 on lacklustre demand

gold slips Rs 100 on lacklustre demand

New Delhi:  Gold prices fell by another Rs 100 to Rs 29,650 per 10 grams today, mostly on account of slack demand from local jewellers, ignoring a firm trend overseas. However, silver recovered by Rs 200 to Rs 37,900 per kg on scattered enquiries from industrial units. Market analysts said tepid demand from local jewellers and […]

Sensex reclaims 33,000-mark, up 190 pts

Sensex reclaims 33,000-mark, up 190 pts

Mumbai; Benchmark BSE Sensex regained the key 33,000 mark at the start of trading today after buying by retail investors and domestic institutions gathered momentum amid strong global cues.The broader NSE Nifty too went past the 10,200-level.The 30-share Sensex was trading higher by 190.36 points, or 0.57 per cent, at 33,139.57, with all sectoral indices in […]

RBI keeps repo rate unchanged at 6%

RBI keeps repo rate unchanged at 6%

  NEW DELHI: The Reserve Bank of India (RBI) on Wednesday kept the repo rateunchanged at 6 per cent, at the end of its two-day long policy review meet. The status quo was largely expected as all but two analysts in a Reuters poll had predicted that the central bank will stay unmoved. The inflation forecast for the next two […]

Infosys appoints Salil Parekh as CEO and MD

Infosys appoints Salil Parekh as CEO and MD

Mumbai; IT bellwether Infosys has appointed Salil S. Parekh as its Chief Executive Officer and Managing Director with effect from January 2, 2018 for a five-year term, a regulatory filing by the company said here on Saturday. “We are delighted to have Salil joining as the CEO and MD of Infosys. He has nearly three […]

GDP at 6.3% in July-Sep: Economy is not out of woods yet

GDP at 6.3% in July-Sep: Economy is not out of woods yet

 A 60 bps jump in the second quarter GDP (gross domestic numbers) to 6.3 percent from 5.7 percent in the preceding quarter has revived hopes of an economic recovery. The Q2 numbers snapped a five-month decline trend in growth numbers primarily aided by a pick -up in manufacturing sector and certain services. Union finance minister […]

Sensex gains 68 pts in early trade on global cues

Sensex gains 68 pts in early trade on global cues

            Mumbai; The benchmark BSE Sensex recovered by about 68 points in early trade today on the back of fresh gains in blue-chips like Reliance Industries, ITC and Infosys.The 30-share index recovered 67.90 points, or 0.20 per cent, to 33,686.49, with sectoral indices led by PSU, consumer durables, infrastructure, capital goods, […]

Xiaomi replaces Samsung to emerge as India’s fastest growing smartphone brand: International Data Corporation

Xiaomi replaces Samsung to emerge as India’s fastest growing smartphone brand: International Data Corporation

New Delhi:International Data Corporation (IDC)’s report has claimed that Xiaomi has emerged as the market leader in the top 50 Indian cities in the Q3 2017 period. Further, it is closely followed by Samsung, Lenovo (including Moto), Oppo and Vivo.More than 50 percent of overall smartphone sales in the country have occurred in the top 50 Indian cities in the third […]

bank employees on strike; services hit

bank employees on strike; services hit

New Delhi: Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike Tuesday to protest against the government’s proposed consolidation move, besides raising other demands. Services like deposits and withdrawal at bank branches, cheque clearance, NEFT and RTGS transactions are affected. However, operations at private lenders such as […]

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