Bombay Oxygen Investments Ltd shares have been witnessing a particularly sharp rally for many days now and have more than doubled from about Rs 10,000 level seen in March-end and the market watchers feel the only reason for this kind of stupendous rally is the name of the company.
Commercial banks now prefer one-year certificate of deposit (CDs) to short-term paper (of three- to six-month duration) to raise money, as volatility in the money market in the three months through December has made them focus on stability and improving their balance sheet.
Narendra Modi is one of the least affluent ministers in the Union Cabinet.
A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.
Promoters must mandatorily deposit 70% of unused fund collected for project in separate bank account
Use this window to lock into bank FDs; unless govt cuts small savings rates, banks may not cut deposit rates
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in federal court in Dallas, the US Securities and Exchange Commission accused Stanford, who sponsored international cricket matches, and two other executives of fraudulently selling $8 billion in high-yield certificates of deposit in a scheme..
Pension plans by mutual funds have a three-year lock-in like ELSS.
Kolkata tops the list with 617 cancellations, New Delhi stands second with 203, followed by Mumbai at 190.
Stocks to watch: BHEL, L&T, IRB Infra and Suzlon
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Tata Investment Corporation (TIC) to issue zero coupon convertible bonds (ZCCBs) with detachable warrants to its shareholders.
Software services major Infosys Technologies on Wednesday said its cash and cash equivalents stood at over $2 billion at the end of last fiscal in spite of credit crisis worldwide.
The scheme is yet to take off.
Software major Infosys, which has a robust cash chest for sure and made no secret of its intention to buy out companies with a strategic fit, is finding it difficult to acquire right firms at the right price.
Total MF investments in debt papers like certificate of deposits, commercial papers and collaterised borrowing and lending obligations stood at around Rs 184,000 crore at the end of February. Industry experts said that by March-end, this corpus had depleted by over 50 per cent. "The industry would have lost around Rs 1 lakh crore as banks and institutions redeemed their investments during the last week of March," said Jaideep Bhattacharya of UTI Asset Management Company.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
How investors can tweak their fixed income investments to earn more in the current environment.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
With the Delhi high court clearing the decks for the fourth and final Test between India and South Africa to be staged at the Feroz Shah Kotla, Delhi & District Cricket Association vice-president Chetan Chauhan declared on Thursday his association will "organise a good game", come December 3.
The Madras high court has ordered the winding up of private carrier SpiceJet Limited and directed the official Liquidator attached to the high court to take over its assets, in a plea filed by a Swiss company over unpaid dues. The court was allowing a company petition from Credit Suisse AG, a stock corporation registered under the laws of Switzerland, which prayed for winding up of the Indian firm under the provisions of the Companies Act, 1956 and appoint the Official Liquidator of the high court as the liquidator with all powers under Section 448 of the Companies Act to take charge of SpiceJet's assets, properties, stock in trade and books of accounts. The "respondent company (SpiceJet) has miserably failed to satisfy the three pronged test suggested by the Supreme Court in Mathusudan Govardhandas & Co v Madhu Woollen Industries (P) Ltd, and hence had rendered itself liable to be wound up for its inability to pay its debts under Section 433 (e) of the Companies Act 1956," Justice R Subramanian said in his order on Monday and directed the private carrier be wound up and the official liquidator take over its assets.
RBI wants the lending rates to be determined by the market.
Similarly, the state-owned corporation has subscribed to NCDs worth around Rs 20,000 crore (Rs 200 billion) this year, with nearly Rs 12,000 crore (Rs 120 billion) flowing into these instruments over the last three months when the global credit crisis intensified.
In a statement, the central bank said heightened volatility in capital markets in reaction to Covid-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom.
This is the first in a series of articles dealing with planning for children's future.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
Financial Planner Suresh Sadagopan chalks out a financial plan for Business Standard reader Rahul Lad.
Non-banking financial companies, that used to comprise at least 70 per cent of the issuance in the corporate bond market, are witnessing a credit freeze as investors shun bond issued by lower-rated firms.
Most of the NBFCs do not take public deposits but that does not mean they cannot create systemic risks. The banking system has at least Rs 57,000 crore exposure to IL&FS. Haven't the banks invested public money in IL&FS papers, asks Tamal Bandyopadhyay.
National Institute of Technology, Srinagar has opened admissions for 10+2 candidates. The last date for accepting forms is September 10, 2007.
Here's why stock market investors should take the current market crash to buy stocks or invest in mutual funds.
Tax deductions and prioritising their sequence will help you streamline your investments for efficient tax saving.
We take the opportunity to bust a few myths
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
SBI to e-auction over 300 properties on March 14.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
According to bond dealers, the spike in CD issuance could indicate that liquidity won't remain as comfortable by the end of the financial year (March 31) as it now is.
Centre took Rs 1,002 bn from here in 2017-18, sharply up from Rs 904 bn a year before and Rs 123.6 bn in FY14
