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Business / Goodreturns

Gold Fell But Copper Prices Hit 7-Year High On Positive Demand Outlook

Armed with a vaccine, optimism for global economic recovery among markets have caused gold prices to plunges while copper soared. Rising for the fourth consecutive day, copper price on the London Metal Exchange rose as much as 1.5% to a seven-year

28 Nov 2020 6:09 pm
Baba Ramdev To Be Added To Ruchi Soya's Board Of Directors

Yoga guru Swami Ram Dev, his younger brother Ram Bharat and close aide Acharya Balkrishna will be on the board of soya food brand Nutrela-maker Ruchi Soya that was recently acquired by Patanjali Ayurved. Ruchi Soya Industries Ltd in a notice

28 Nov 2020 2:42 pm
Petrol Price Surges Past Rs 82; Diesel Above Rs 72

On Saturday, the petrol price in New Delhi crossed the Rs 82-mark and diesel surpassed Rs 72 a litre after the eighth increase in rates in past nine days. Oil marketing companies have been raising retail prices of fuel across India

28 Nov 2020 2:08 pm
Post Office Savings Account To Attract Non-Maintenance Charges From December 12

Like in some of the bank accounts, where there is a stipulation to maintain a certain minimum balance, Post office has also come up with a notification that it shall be levying some non-maintenance charges if the minimum amount is

28 Nov 2020 1:05 pm
LPG Subisdy Of Bharat Gas Customers To Continue Post Privatisation: Pradhan

LPG subsidy for Bharat Petroleum Corporation Limited (BPCL) consumers (sold as Bharat Gas cylinders) will continue post-privatisation, said Oil Minister Dharmendra Pradhan on Friday. Subsidy on LPG is paid to consumers directly and not to any company. So the ownership of

28 Nov 2020 9:14 am
RBI Issues Third 10-Year Benchmark Bond This Calendar Year

Its third by the RBI and the centre, there has been launched another new 10-year benchmark bond. This has been done as the previous issue reached Rs. 1 trillion in outstanding. As per bond dealers, a quick benchmark setting can create

28 Nov 2020 6:32 am
Markets Rallied Most In November With 11.4 Percent Gains

With a flush of FII money, Indian markets for the month of amid the run up to the US Presidential election and later on account of progress made in Covid 19 vaccine front, delivered massive gains of as much as 11.4%,

28 Nov 2020 6:16 am
India's Fiscal Deficit Reaches 120% Of Yearly Target In Apr-Oct

India's fiscal deficit for the April-October period stood at Rs 9.53 lakh crore, according to data released by the Controller General of Accounts on Friday, which is 119.7% of Rs 7.96 lakh crore of the budget target. The revenue gap for

27 Nov 2020 6:25 pm
GDP Contracts 7.5% In Q2; India Enters Technical Recession For The First Time Ever

On Friday, data released by the National Statistical Office (NSO) showed that India's GDP (gross domestic product) contracted by 7.5% in the July-September quarter. This officially marks India's entry into economic recession. In economics, two consecutive quarters of contraction in GDP

27 Nov 2020 5:37 pm
NSE, BSE Declare Anugrah Stock & Broking As Defaulter

On Friday, BSE expelled Anugrah Stock & Broking from the exchange after declaring it a defaulter. The exchange has declared Anugrah Stock & Broking Pvt Ltd, a corporate trading member, of the exchange as defaulter... also expelled the said trading member...

27 Nov 2020 5:27 pm
Markets End Lower Ahead Of Q2GDP Data; Realty, Broader Market Space Outperforms

Indices towards the end of the session on the first day of December series was trading flat ahead of the Q2 September GDP data due to be released later today. Broader indices gained well up over 2.83 percent on Nifty Midcap

27 Nov 2020 3:36 pm
Railways Launches New Online System For Employees To Check PF Balance, Apply For Advance

The Indian Railways has launched a completely digitized online Human Resource Management System (HRMS) to help the currently serving as well as retired employees check PF (Employees' Provident Fund) balance and to enable them to apply for PF advance. HRMS is

27 Nov 2020 3:29 pm
Laurus Labs Gains 7% On Acquiring Richcore Lifesciences; Brokerage Upgrade

On Friday, shares of Laurus Labs gained over 7 percent to Rs 314 on NSE after the pharma firm announced that it has acquired a majority stake in Richcore Lifesciences. In a stock exchange filing on 25 November, it said, Laurus

27 Nov 2020 2:33 pm
Petrol, Diesel Prices Rise Sharply As Brent Crude Tops $48 Levels

Amid the highest crude price during the fiscal, petrol prices which began their upward move since last Friday rallied sharply today. Today being Friday again. On vaccine hopes and OPEC's resolution to keep supply in check there is anticipated that

27 Nov 2020 1:27 pm
F&O Data Suggests Long Unwinding By FIIs May Lead To Fall In Markets

FIIs index futures data signifies they are overbought in Indian market and any unwinding of longs or fresh shorting may lead to a correction in the market, Motilal Oswal has said while analyzing F&O Data. According to the broking firm, it

27 Nov 2020 12:17 pm
IT Department Now Uses ICAI's UIDN To Authenticate Audit Reports

The Income Tax department said on that its e-filing portal has been linked with ICAI's (Institute of Chartered Accountants) portal to validate the unique identification numbers (UIDN) chartered accountants generate for documents attested by them. Tax audit reports filed

27 Nov 2020 11:53 am
Gas Distribution Stocks Gain On Notification Of Simplified Gas Tariffs

On Friday, shares of gas transmission companies rallied up to 19% after oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) notified of simplified regulations for unified gas transmission tariff structure. Shares of Gujarat Gas Ltd rose as much

27 Nov 2020 11:14 am
Govt Cuts Customs Duty By 10% On Crude Palm Oil From 27 Nov

On Thursday, the government reduced the basic customs duty on crude palm oil to 27.5%, a move that would increase the availability of the commodity in the domestic market. The duty cut would also help cool off a rise in edible

27 Nov 2020 10:19 am
Markets Open December Series On A Positive Note

Benchmark indices tracking gains on SGX Nifty open higher for yet another day. Nifty opens at 13009 while Sensex is up by 0.06% at 44285. There is MSCI rejig that is to be made effective today and in light of that

27 Nov 2020 9:17 am
International Air Connectivity Crisis Threatens Global Economic Recovery

The International Air Transport Association (IATA) released data revealing that the COVID-19 crisis has had a devastating impact on international connectivity, shaking up the rankings of the world's most connected cities. London, the world's number one most connected city in September

27 Nov 2020 9:13 am
COVID-19 Disruptions Is Transforming Trade Finance In India

Battered by the COVID-19 crisis, large Indian companies are looking to their banks for digital solutions that can make their supply chains more resilient to pandemic-related disruptions, CRISIL has stated. These demands are speeding the transformation of trade finance-one of the

27 Nov 2020 9:07 am
Pensioners Can Submit Jeevan Praman/Life Certificate By This Extended Date

After due discussion with the office of Controller General of Accounts it has been decided that central government pensioners can submit life certificate by this extended date. Now this year all central government pensioners will submit life certificate from November

27 Nov 2020 7:28 am
Bitcoin Crashes 14% On Strong Crypto Regulations And Profit Taking

Bitcoin prices crashed on Thursday in a sell off that also saw other digital assets crash, bringing to light the speculation on sustainability of such a boom otherwise seen lately. On Thursday, Bitcoin crashed heavily by as much as 14

27 Nov 2020 7:00 am
MSCI Global Standard Index Rejig Effective Today

MSCI Global Standard Index Rebalancing that is broadly used for benchmarking global equities will be effective today. And as per it the new inclusions made are Trent, Kotak Mahindra Bank while the others that will be omitted include LIC Housing

27 Nov 2020 6:45 am
Wockhardt Jumps 48.2% In 8 Days; Here's Why You Should Stay Away From The Stock

On Thursday, shares of Wockhardt Limited were locked in 10% upper circuit, extending its recent and sudden rally that was also questioned by the stock exchanges. Between 17 November and 26 November, between 8 trading days, the stock has gained 48.2%

26 Nov 2020 11:29 pm
Govt Announces Extension Of ECLGS To 27 Sectors

The finance ministry in a statement on Thursday said that it has extended the Emergency Credit Line Guarantee Scheme (ECLGS) to the health sector and 26 other sectors identified by the Kamath Committee. The National Credit Guarantee Trustee Company Limited (NCGTC)

26 Nov 2020 11:19 pm
LTC Scheme: Now Insurance Premiums Paid Also Eligible For Reimbursement

According to the Ministry of Finance, premiums paid for insurance policies purchased between 12 October 2020 and 31 March 2021 will be eligible under the leave travel concession (LTC) cash voucher scheme introduced last month for central government employees. The beneficiaries

26 Nov 2020 5:53 pm
Lack Of Easy Investment Options A Concern For Crypto Investors

CoinDCX, India's largest cryptocurrency exchange, today released a report which highlighted that 60% of the respondents earning below Rs. 5 lakh p.a. found it extremely challenging to invest in crypto owing to lack of easy and seamless options available. On the

26 Nov 2020 4:29 pm
RBI Expected To Keep Rates Unchanged Even As Economy May Have Entered Recession

Most experts are expecting the Reserve Bank of India (RBI) to keep key policy rates unchanged at its next monetary policy meeting scheduled for next week, given the high rate of inflation, even as the economy is expected to have entered

26 Nov 2020 4:25 pm
Nifty Tops 12987, Sensex Gains 431 Points; Nifty Metal Shines On Expiry Day

In yet another trading day, buoyed by strength in metal pack, Nifty ended at 12987, while Sensex reclaimed levels of 44000 at the close. Top gainers on the benchmark indices are JSW Steel, Tata Steel, Grasim, Bajaj Finance and Adani Ports.

26 Nov 2020 3:33 pm
Kalyan Jewellers IPO In December: Things To Know

The Kerala based jeweler received SEBI's approval to come with an IPO issue in October. And now the primary issue of the company is likely to hit as early as December this year. The Rs. 1750 crore issue is expected

26 Nov 2020 2:16 pm
Glenmark Pharma Included In Dow Jones Sustainability Index For The Third Year In A Row

For the third consecutive year in a row, Glenmark Pharmaceuticals Ltd announced that it has been listed in the Dow Jones Sustainability Index (DJSI), under the category of emerging markets. DJSI is one of the world's most respected and widely accepted

26 Nov 2020 1:51 pm
Future Retail Hits 5% Lower Circuit After SIAC Rejects Plea

On Thursday, shares of Future Retail slipped 4.97% to Rs 86.95 after the Court of Singapore International Arbitration Centre (SIAC) turned down a plea by the company to be excluded from being a party to the Amazon-Future Coupons' arbitration proceedings. {image-bigbazaar-1598716909.jpg

26 Nov 2020 12:08 pm
Sugar Stocks Rally Up To 18% As Piyush Goyal To Hold Meet; May Announce Sops

In an otherwise weak market, sugar stocks hog the limelight as the sector may see sops being announced by Piyush Goyal who is reported to hold meeting with stakeholders today. StockGain % EID Parry

26 Nov 2020 11:56 am
Motilal Oswal Downgrades Kotak Mahindra Bank Shares To Neutral

Broking firm, Motilal Oswal has downgraded the shares of Kotak Mahindra Bank to eutral citing an unfavorable risk reward ratio after a sharp outperformance in recent months. Kotak Mahindra Bank has delivered 32% returns since our Oct'20 upgrade, resulting in a

26 Nov 2020 11:20 am
Foreign Institutional Investors (FII) Inflows Into Indian Markets Creates New Record In Nov

Foreign institutional investors (FIIs) have infused more than Rs 55,000 crore in November so far in November, creating a new record for the highest inflows in a month. With this record inflow, FIIs investment into India has turned net positive for

26 Nov 2020 10:28 am
LVB To Operate As DBS Bank From Friday; Equity Write Off Clause Remains As Though

In view of the deteriorating financial health at the 94 year old Lakshmi Vilas Bank it was first put under PCA and lately under moratorium. But in the best interest of its depositors, RBI and centre took a decision to amalgamate

25 Nov 2020 7:47 pm
Sensex Slumps 694 Points From New Highs; Nifty Holds Above 12850; Eicher Motors Top Loser

From day's record high, benchmark indices towards the end in mid-week trade lost a huge over 1.5 percent. Primarily on weakness in auto, bank, IT and healthcare pack. Sensex ended the lower by 694 points while Nifty settled at 12855, dropping

25 Nov 2020 3:35 pm
HDFC Life Stands With Dabbawalas Of Mumbai With #PromiseWalaDabba Campaign

The world is grappling with possibly the worst public health crisis in many years. The COVID-19 pandemic has gripped nations, compelling governments to impose countrywide lockdowns to contain the spread of the deadly virus.The coronavirus pandemic has brought life to a

25 Nov 2020 3:23 pm
Mastercard Launches Contactless Payments Via SBI Card App

Mastercard and SBI Cards and Payment Services have jointly launched contactless payments on SBI Card app that will allow SBI Card Mastercard cardholders to make tap-and-go payments at retail outlets. As per Mastercard's press release, this is the first-ever

25 Nov 2020 2:59 pm
Mirae Asset Banking and Financial Services Fund Opens Today

Mirae Asset Banking and Financial Services Fund is an open-ended equity scheme investing in Banking & Financial Services Sector. The NFO opens for subscription today, 25th November 2020 and closes on 4th December 2020. The Scheme re-opens for continuous sale and

25 Nov 2020 12:00 pm
HDFC Bank Hits New High, Market Cap Surpasses Rs 8 Lakh Crore For The First Time

On Wednesday, shares of HDFC Bank hit a new all-time high for the second consecutive day, helping it cross the valuation of Rs 8 lakh crore, first Indian bank and the third company listed on Indian stock exchanges to do so.

25 Nov 2020 10:26 am
Elon Musk Becomes Second Richest Person In The World; Overtakes Bill Gates

It has been an eventful year for Elon Musk, as the Tesla Inc co-founder beat several rankings, creating enough wealth to become the second richest person in the world on Monday. The 49-year-old entrepreneur's net worth soared $7.2 billion

24 Nov 2020 4:02 pm
Bharti Infratel Shares Rose 26.5% In 3 Days

On Tuesday, shares of Bharti Infratel have surged as much as 8.9% to an intraday high of Rs 238. The stock has been rallying after the company announced the completion of the merger of Bharti Infratel and Indus Towers to create

24 Nov 2020 2:26 pm
HDFC Bank Hits New All-Time High After CLSA Raises Target Price

On Tuesday, shares of HDFC Bank Limited gained nearly 3% to hit a new high of Rs 1,429.85 on NSE after research firm CLSA raised its price target on the stock from Rs 1,525 to Rs 1,700 per share while retaining

24 Nov 2020 11:08 am
Nifty Opens Higher, Breaches 13,000 Points Mark

Benchmark indices opened the day higher as global cues continued to remain strong. Reports that the Trump administration had begun the transition process to the Biden government pushed Dow Futures higher. This led to some strong traction across the Asian markets,

24 Nov 2020 9:35 am
SEBI Proposes Relaxation On Re-Classification Of Promoter As Public Shareholder

On Monday, the Securities and Exchange Board of India (SEBI) proposed a change in the minimum threshold for voting rights for re-classification of a promoter as a public shareholder and suggested all promoter entities disclose shareholding even in case of 'nil'

23 Nov 2020 10:04 pm
CY 2020 Saw The Third Biggest Drag On Nifty In 25 Years; YTD Return Positive

This year has been an unprecedented one in many ways amid the coronavirus pandemic. And how can we forget stock markets- which are the economic health indicator of any nation. Now as per a leading data site's, datawrapper report, in

23 Nov 2020 6:28 pm