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For The First Time In A Decade, Central Banks Sell Gold

For the first time since 2010, central banks have sold gold, taking advantage of the high rates to soften the blow to the economy from COVID-19. According to a report by the World Gold Council, net sales totalled 12.1 tonnes of

30 Oct 2020 11:42 am
Vodafone Idea Rallies 7% After Q2 Results Show Narrowing Losses, ARPU Increase

On Friday, shares of Vodafone Idea climbed as much as 7.1 percent to Rs 8.95 apiece on NSE after the telecom operator reported net loss at Rs 7,203.4 crore for the second quarter of the fiscal year 2020-21, contrastingly lower than

30 Oct 2020 10:21 am
Gold Jewellery Demand In India Drops A Whopping 48% Per Cent

Gold Jewellery demand in India for the third quarter ending Sept 2020 of the calendar year 2020 dropped a whopping 48 per cent, a World Gold Council report shows. According to the report in the third quarter of 2019 the demand

30 Oct 2020 9:45 am
Domestic Flights: Govt. Extends Upper, Lower Limit On Airfares Till Feb

After earlier suspending International commercial flights in the backdrop of coronavirus pandemic till November 30, 2020, the civil aviation ministry on Thursday extended the ceiling on airfares for domestic flights till February 24, 2021. Here are the rules in

30 Oct 2020 8:06 am
How to Open SBI Demat Account?

Earlier in India, shares and securities were issued and traded physically and starting from 1996 onwards the concept of Demat Account introduced to ease the trading process for both investors, companies and brokers. Holding a Demat Account helps investors to hold

29 Oct 2020 8:41 pm
2 Ways To Access Your Post Office Savings Account Online

On its website, India Post has published a video to assist its post office savings account holders to manage their accounts without compromising their comfort. Your post office savings account statement can be accessed and downloaded in two ways: Online banking

29 Oct 2020 6:26 pm
Rupee Closes At 2-Month Low Against The US Dollar

The Indian rupee ended at a two-month low against the US dollar tracking losses in the Indian equities. A stronger dollar also weighed on the domestic currency which closed at 74.11, when compared to Wednesday's close of 73.88 to a dollar,

29 Oct 2020 4:35 pm
Q3 Gold Demand Was Lowest Since Q3 2009, Covid Takes A Toll

Demand for gold dropped to 892.3 tonnes for the third quarter ending Sept 30, 2020, to its lowest quarterly total since Q3 2009 - as consumers and investors continued to battle the effects of the global pandemic, the World Gold Council

29 Oct 2020 2:46 pm
Auto Sector Optimistic On Festive Season Sales

As per a report on the Automobile sector by Motilal Oswal Financial Services; leading industry channel partners reflect optimism for an overall good festive season for automobile retail despite the slow start. Current two-wheeler (2W) inventory at 40-60 days is in

29 Oct 2020 12:23 pm
Gold Steady, Silver Prices See Sharp Correction And Could Decline Further

On Thursday, gold and silver prices declined marginally, imitating the international markets. On MCX (Multi Commodity Exchange of India) the yellow metal was trading 0.15 percent lower at Rs 50,420 per 10 grams at 11:30 am. In the international market, spot

29 Oct 2020 12:06 pm
Jio Payments Bank Charged Rs 1 Crore Fine By RBI Over Re-Appointment Of MD & CEO

On Wednesday, the Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1 crore on Reliance Jio Payments Bank Limited for non-compliance with the central bank's directions on timely submission of application in the case of re-appointment of Managing

29 Oct 2020 10:06 am
Govt Releases New Edition Of FDI Policy Document

On Wednesday, the Commerce and Industry Ministry released the next edition of its consolidated foreign direct investment (FDI) policy document, incorporating all the changes made over the past year. The new circular released by the Department for Promotion of

29 Oct 2020 9:45 am
Govt Makes These Changes To ESIC Rules

After its latest amendment to the Act, the Labour Ministry has done away with provision for a lowered rate of contribution by employees and employers to the Employees' State Insurance Corporation (ESIC) scheme for new areas and increased the maternity benefit

28 Oct 2020 4:21 pm
Sensex Ends 600 Points Lower On Coronavirus Fears, Financials Lose

Stock markets gave-up all the spectacular gains seen on Tuesday, as the Nifty shed nearly 160 points, on rising coronavirus cases from around the globe. New Covid cases and hospitalisations continued to soar in Europe and the US, leading to a

28 Oct 2020 3:39 pm
International Commercial Flights Suspension Extended Again

The Directorate General of Civil Aviation (DGCA) has extended the suspension of international commercial flights till 30 November 2020, said a Moneycontrol report citing a notification from the regulator verified by them. The extension has been made in light of a

28 Oct 2020 1:45 pm
BigBasket To Sell Majority Stake To Tata Group: Reports

As per a leading business dailies report citing people privy to the development, BigBasket, Bengaluru-based online-grocery startup is in advanced talks with Tata Group for paring its majority stake worth $1 billion. While the talks have been ongoing for some time,

28 Oct 2020 1:40 pm
TCS Receives IT Services Deal From Belgian Insurer AG

On Wednesday, Tata Consultancy Services (TCS) announced that it has been selected as a strategic partner for managed IT services by AG, a leading Belgian insurer, to help enhance the latter's digital channels and modernize its IT systems, leveraging TCS' Machine

28 Oct 2020 12:43 pm
Domestic Long Steel Sales Volume Seen Declining 12-15%

Secondary long-steel producers may sustain their credit profiles this fiscal despite facing up to 100 basis points decline in profitability because of two supportive factors: central government spending (on rural and urban housing, and infrastructure, including roads) and deleveraged balance sheets

28 Oct 2020 11:47 am
Buybacks Versus Dividend: Which Is A Better Offer For Shareholders And Why?

In the currently underway Q2FY21 earnings season for India Inc., we are being witness to both the announcement of buybacks (say for instance the buybacks announced by IT majors including TCS, Wipro and now NTPC is in news on considering the

28 Oct 2020 7:47 am
4 Ways To Get HDFC Bank Debit Card Re-issued Or Replaced In Case You Lose It

Nowadays, nearly a majority of us maintain not just one savings account but there can be many and with them comes the quintessential debit or debit cum ATM card. And as it can happen with anyone if you too have

28 Oct 2020 1:49 am
How To Open Atal Pension Yojana Account Without Net Banking Or Mobile App?

Atal Pension Yojana (APY) launched in 2015 as a social security scheme for unorganized sector workers including maids, gardeners, and drivers among others can now be opened through an easy alternate mechanism other than the usual net banking or mobile

26 Oct 2020 10:31 pm
Process To Check Whether Your Bank Account Is Linked With Aadhaar Or Not

Although linking your bank account to the Aadhaar number is not necessary, if you want to receive subsidies and social security benefits from the central and/or state government, you will have to do so. If you wish to link your bank

25 Oct 2020 9:06 pm
10 Simple Steps To Transfer Your SBI Savings Account Online

It has now become simpler to transfer your State Bank of India (SBI) to another branch. You had to fill out several forms earlier and wait for the transfer to unfold for several weeks. But now, within a week, you can

25 Oct 2020 7:25 pm
Closed-End Funds: Know All About it

There are several forms of investment vehicles available for investors to safeguard their hard-earned money. Investment instruments rolled out by banks, post offices, financial institutions, companies and so on. Amongst them, one such kind of investment which has gained popularity over

25 Oct 2020 6:40 pm