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Business / Good Returns

Airlines Are Accepting Flight Bookings From 15 April

On Saturday, budget carrier AirAsia India said bookings for its flights are open from 15 April according to a PTI report. The airline further said that it is, however, open to any change in case aviation regulator DGCA issues fresh directives

4 Apr 2020 6:16 pm
HDFC Bank Deposits Grew 24% In FY20 To Rs 11.46 Lakh Crore

HDFC Bank said its deposits aggregated to Rs 11.46 lakh crore as on 31 March 2020, which is a 24 percent growth when compared to Rs 9.23 lakh crore on 31 March 2019. As on 31 December 2019, the private lender's

4 Apr 2020 5:58 pm
SBI Mutual Fund Tops As Largest AMC By Asset Size In Jan-March 2020

During January-March quarter of 2020, SBI Mutual Fund tops as the largest asset management company (AMC) based on total assets under management. As per the data from AMFI, SBI AMC has scaled from the third spot in October-December with asset size

4 Apr 2020 4:19 pm
Arogya Sanjeevani Health Insurance Policy To Cover Covid 19 Hospitalization

The insurance regulator IRDAI in order to ease the hassle in selecting relevant health insurance, in January this year asked all general and health insurers to offer a standard health plan called Arogya Sanjeevani from April 1, 2020. And after the

4 Apr 2020 3:26 pm
Get funds in 2-clicks with Bajaj Finservs instant personal loan

If you need to acquire funds quickly, perhaps the best way to do so is to opt for an instant personal loan. This financial offering, extended by lenders such as Bajaj Finserv, is exceptionally beneficial to borrowers as it does not

4 Apr 2020 3:13 pm
Bond Yields End Higher As Participants Worry Over Excess Bond Supply

On Friday, April 3, 2020, the yield on 10-year benchmark bond closed higher by 17 bps at 6.305% as market participants worried over excess supply of bonds in the market. Also, there was no indication on how the apex bank would

4 Apr 2020 2:04 pm
Housing Authorities In Noida, Ghaziabad Offer Leeway To Residents on EMIs

Amid covid 19 led lockdown, housing authorities in both Gautam Budh Nagar as well as Ghaziabad have provided relief to their residents for three months time. On the one hand Greater Noida Authority has taken a decision to extend all of

4 Apr 2020 12:52 pm
India's Real Estate Prices To Come Down Heavily As Virus Stalls Businesses

As the coronavirus pandemic has brought business activity to a standstill across the country, India's real estate sector is expected to witness a sharp correction in price for the first time in a decade. Property prices may come down

4 Apr 2020 11:47 am
Amid Covid19 GST Simplified: E-way Bill Validity Extended, 10% ITC Deferred

 In the wake of ongoing nationwide lockdown to curb the spread of Covid 19 infection, businesses facing hardship with respect to supplies and movement of goods have been provided a leeway by the government by way of extension in validity of

4 Apr 2020 10:36 am
CNG, Piped Cooking Gas Prices Cut In Delhi, Noida

On Friday, the price of CNG used in automobiles and cooking gas piped to household kitchens was reduced by 7 percent in step with a reduction in input natural gas prices. Indraprastha Gas Ltd, the retailer of CNG and piped natural

4 Apr 2020 10:29 am
Bearish Market Trend May Prevail Again Next Week

It was seven straight week of losses for the Sensex, with the index ending the week 7.5 per cent lower. The benchmark index ended the week lower at 27,590 points, with weakness persisting in banking stocks. Rising infections and deaths caused

4 Apr 2020 10:05 am
Foreign Portfolio Investment (FPI) Limits Revised For All Listed Stocks

On Friday, depositories revised foreign portfolio investment (FPI) limits for stocks listed on domestic stock exchanges. With this, FPI limit in some stocks has climbed up to 100 percent, while in some stocks FPI limits have been increased to their respective

4 Apr 2020 10:03 am
COVID-19: Beware Of Fake UPI IDs While Donating To PM-CARES Fund

The Indian Computer Emergency Response Team (CERT-In), the cybersecurity watchdog under the Ministry of Electronics & Information Technology, has asked people to be aware of fake UPI IDs that are similar to that of PM-CARES Fund. Fraudsters have created UPI IDs

3 Apr 2020 4:46 pm
RBI Revises Money Market Trading Hours From 10 am To 2 pm

Due to the coronavirus outbreak, RBI has revised trading hours for money market from 10 am to 2 pm. The new timings will be effective from April 7 and continue until April 17. Currently, the market trades from 9 am to

3 Apr 2020 4:14 pm
What Is Aarogya Setu Mobile App To Fight Covid19? How To Use The App?

On Thursday to fight the Covid 19 pandemic, government of India has launched Aarogya Setu mobile app that will enable individuals assess the risk of contracting coronavirus infection by themselves. The app with a view to update the countrymen about the

3 Apr 2020 3:47 pm
Sensex Ends 675 Points Lower; ICICI Bank Shares Slump

Benchmark indices ended the day sharply lower led by losses in ICICI Bank. Global cues were weak, with the Dow Futures pointing to lower openings across the US markets. The Sensex ended the day with losses of 175 points, while the

3 Apr 2020 3:38 pm
COVID-19 Could Wipe Off $4.1 Trillion From World's Economy, Warns ADB

On Friday, the Asian Development Bank said that the coronavirus pandemic could cost the global economy $4.1 trillion as it ravages the US, Europe and other major economies. The estimated impact is equivalent to nearly five percent of worldwide output based

3 Apr 2020 1:45 pm
ICICI Bank Slashes Interest Rates On FDs, S/B A/c By Up To 50 Bps

ICICI Bank in a filing to the stock exchanges announced interest rate cut on fixed deposits by up to 50 bps across maturity terms. 1 bps is one-hundredth of a percentage point or 0.01%. The new rates will be applicable

3 Apr 2020 1:02 pm
GoAir Extends Ticket Credit Scheme For Air Passengers Till April 30

On Thursday, GoAir extended its ticket credit scheme by another 15 days to April 30 from the earlier April 15. The scheme allows customers who do not show up at the airport for travel to make use of the ticket price

3 Apr 2020 12:27 pm
Shares Of OMCs Trade Lower After Decision To Not Pass BSVI Capex Cost

Shares of oil marketing companies such as BPCL, HPCL and IOC traded with losses on April 3, 2020 as they decided not to pass on the BSVI capex cost of as much as Rs. 35,000 crore to end consumers. The

3 Apr 2020 11:26 am
RBL Bank Shares Hit All Time Low Even As NIM Surges To Record High In Q4

Shares of RBL Bank extend their losses for the fifth straight day on April 3, 2020 to hit an all time low of Rs. 121 on the NSE. Meanwhile Nifty Bank is also trading with losses of close to

3 Apr 2020 10:42 am
Gold Prices Surge; Expected To Rise Further Amid COVID-19 Uncertainty

On MCX, gold futures rose 1.3 percent on Friday to Rs 43,799 per 10 grams as the Indian rupee weakened. Silver futures were up by 3 percent to Rs 41,075 per kg as the rupee continued to remain above the 76/dollar

3 Apr 2020 10:23 am
Markets Trade Lower; Sensex Drops Below 28,000 Points

Benchmark indices opened the day lower in trade, even as most markets, including the Asian markets were trading in the red. A rise in cases of coronavirus, left investors worried with the possibility of a few quarters of weak corporate results.

3 Apr 2020 9:35 am
Rupee Opens Sharply Lower At 75.95/ US Dollar

Rupee on April 3, 2020 opened sharply lower at 75.95 per US dollar against its Tuesday's close of 75.54. Domestic currency and bond markets were shut for past two days due to annual bank closing and Ram Navami. At

3 Apr 2020 9:26 am
COVID-19: World Bank Approves $1 Billion Emergency Aid For India

On Thursday, the World Bank approved $1-billion emergency financing for India to tackle the coronavirus outbreak, which has claimed over 50 lives and infected more than 2,000 in the country. The World Bank's first set of aid projects, amounting to $1.9

3 Apr 2020 9:00 am
Reliance Industries To Raise Upto Rs 25,000 Crores Through NCDs

Reliance Industries will raise a sum of up to Rs 25,000 crores through issue of Non Convertible Debentures. The amount will be raised through a private placement and not through an issue to the public. The amount is unlikely to be

3 Apr 2020 6:32 am
Women Jan Dhan Account Holders Can Withdraw Rs 500 From 3 April In Sequence

Last month, as part of the many economic measures to fight COIVD-19, Finance Minister Nirmala Sithraman had announced Rs 1,500 for all women account holders of the Pradhan Mantri Jan Dhan Yojana. Accordingly, the Indian Banks' Association said that it will

2 Apr 2020 5:20 pm
Wait 15 Days For Next LPG Cylinder Booking; No Shortage, Says IOC

After receiving panic orders from consumers amid the nationwide lockdown to fight the spread of COVID-19, the Indian Oil Corporation (IOC), that retails domestic LPG cylinders under the Indane brand, announced it has introduced a system wherein customers will have to

2 Apr 2020 3:19 pm
Renewal Due Date For Health, Motor Insurance Policies Extended To 21 April

On Wednesday, the Ministry of Finance issued notifications that the renewal dates of health and motor insurance policies falling between 25 March to 14 April 2020 have been extended to 21 April. It comes as a relief to insurance policyholders with

2 Apr 2020 2:00 pm
Here's Why Promoters Will Not Be Able To Buy Their Company Shares Till 30 June

The Securities and Exchange Board of India (SEBI) on 19 March had relaxed certain listing disclosure obligations to provide a breather to companies comply amid coronavirus-related shutdowns. Among other things, the markets regulator allowed listed companies to submit their March-ended quarter

2 Apr 2020 1:24 pm
March Manufacturing PMI Declines To 4-Month Low

As per a private survey notified on Wednesday, India's manufacturing activity for the month of March slowed to a 4-month low as economic activity virtually came to a standstill on the back of nationwide lockdown imposed to curb Covid 19 spread.

2 Apr 2020 12:46 pm
Term Insurance To Likely Get Costly From April 10

As per insurance brokers, premium for term insurance are expected to be increased from April 10. Earlier the hike was to be effected from April 1, 2020 but amid the coronavirus led lockdowns the increase in premium cost has been deferred.

2 Apr 2020 12:03 pm
March GST Collection Slips Below Rs 1 Trillion

In March, for the first time in four months, government's goods and service tax (GST) collection fell below the Rs 1 trillion- mark. In a statement on Wednesday, the Finance Ministry informed that the gross GST revenue collected for March was

2 Apr 2020 11:21 am
Railways Resume Bookings For Passenger Train From April 15

As per the Economic Times report, the national carrier Indian Railways has resumed bookings for train travel from April 15 for passenger trains as the ongoing lockdown announced to arrest the spread of Covid 19 will end on April 14. {image-railways5-01-1472708059-1585805307.jpg

2 Apr 2020 11:04 am
Moody's Revises Outlook On Indian Banks From 'Stable' To 'Negative'

On Thursday, Moody's Investors Service changed its outlook for the Indian banking system to negative from stable, as it expects a deterioration in banks' asset quality due to disruption in economic activity from the COVID-19 outbreak. It said that the

2 Apr 2020 10:56 am
Oil Gains 5% As Trump Expects Saudi-Russia Truce In Price War

In early trade on April 2, 2020, crude oil futures gained about 5% after the US President Donald Trump said Saudi Arabia and Russia could reach a deal in the next few days ending their price war. Brent crude futures surged

2 Apr 2020 10:17 am
Stock Markets, Bullion, Forex Markets Shut Today

The Indian stock markets will remain closed today on account of Ram Navami. Also, commodity markets including bullion will be shut. There shall be no trading activity in the commodity futures space as well. Forex markets have been closed

2 Apr 2020 8:53 am
Coronavirus Impact: Gujarat, Maharashtra UP Allow Relaxation In Electricity Bill Payment

Electricity consumers in states including Gujarat, Maharashtra and Uttar Pradesh have been given relief in the wake of nationwide lockdown due to coronavirus pandemic. These three states have allowed relaxation in payment of bills generated during the period of lockdown. {image-electricity-28-1490685780-1585795470.jpg

2 Apr 2020 8:16 am
HUL Completes Merger With GSKCH; Acquires Horlicks Brand

On Wednesday, Hindustan Unilever Limited (HUL) announced that it has successfully completed the merger of GlaxoSmithKline Consumer Healthcare Limited with HUL after having secured necessary approvals. The FMCG's board has also approved the acquisition of Horlicks Brand for India from GSK

1 Apr 2020 3:17 pm
PNB, IOB Slash Lending Rates By 75 Bps

On Tuesday, state-run banks Punjab National Bank (PNB) and Indian Overseas Bank announced lowering of their lending rates pegged to the repo rate by as much as 75 bps. One bps is one-hundredth of a percentage point. The new rates will

1 Apr 2020 2:24 pm
RBI Announces More Economic Measures For COVID-19

On Wednesday, the Reserve Bank of India (RBI) announced more measures, including an extension of the period for realisation and repatriation of export proceeds, to deal with the economic fallout from the COVID-19 pandemic. It also increased ways and means

1 Apr 2020 2:15 pm
Bears On A Rampage, Sensex Dives 1200 Pts As Coronavirus Infections Mount

Benchmark indices plunged in trade, even as most Asian markets were trading sharply lower, following weak overnight cues from across the US Markets. Dow Futures were once again pointing to lower openings across the US markets, as deaths from New York,

1 Apr 2020 1:51 pm
Yes Bank Shares Rally Up To 10% On Raising Rs. 3500 Crore Via CDs

Shares of Yes Bank rallied close to 10% on April 1, 2020 after the private bank raised capital to the tune of Rs. 3500 crore for the second time in less than 3 working days via certificate of deposits (CDs). {image-yesbank-1585722225.jpg

1 Apr 2020 11:57 am
Gold Prices Lack Lustre, Falls For The 4th Straight Session

On Wednesday, gold futures on MCX extended losses for the fourth consecutive session on likely profit taking by investors to balance slippages in equity markets. June gold contracts were trading lower by 0.32 percent at Rs 42,817 per 10 grams after

1 Apr 2020 11:24 am
Sensex Dives 1,000 Points As Coronavirus Infections Mount

Benchmark indices plunged in trade, even as most Asian markets were trading sharply lower, following weak overnight cues from across the US Markets. Dow Futures were once again pointing to lower openings across the US markets, as deaths from New York,

1 Apr 2020 11:17 am
Kotak Mahindra Bank Shares Slip 8%

Shares of Kotak Mahindra Bank fell over 8 percent on Wednesday to an intraday low of Rs 1,182.60 and was the top loser among the 50 stocks on NSE's Nifty for the day. The decline comes after the private bank

1 Apr 2020 10:19 am
Foreign Portfolio Investors Pulled Out Rs 1.2 Lakh Crore From Indian Markets In March

As the COVID-19 pandemic sparked fears of economic uncertainty, foreign portfolio investors (FPIs) pulled significant cash out of Indian markets amid sell-off in global markets. According to NSDL data compiled by the ET Intelligence Group FPIs have withdrawn $15.9 billion (Rs

1 Apr 2020 9:51 am
Indian Currency Markets Shut For Two Days Due To Public Holiday

Indian currency markets are closed today on account of annual bank closing. The markets will further be shut on April 2, 2020 due to Ram Navami. In the previous session, the domestic currency ended on a steady note at

1 Apr 2020 9:13 am
LPG Cylinder Prices Cut For The Second Consecutive Month

In its monthly revision, prices of non-subsidized 14.2 kg LPG (liquid petroleum gas) cylinders were cut by an average of Rs 63 on Wednesday by the state-owned Indian Oil Corporation Limited (IOC). This is the second consecutive monthly cut in LPG

1 Apr 2020 8:36 am
Domestic Gas Prices Cut To $2.39 per MMBTU, Lowest In 5 Years

As the natural gas prices were declining globally, the government has slashed the price of domestic gas by as much as 26.01% to $2.39 per MMBTU for the April-September period. For the October 2019- March 2020 period, the price of domestic

1 Apr 2020 7:37 am