Citicorp has managed to pare net credit losses from its Indian consumer credit business, comprising cards and consumer banking, by over 38 per cent to around Rs 400 crore by June-end compared with Rs 653 crore in the previous quarter.
The NSE Nifty ended at 4231, down 2 points. The market breadth was fairly positive - out of 2,689 shares traded, 1,465 advanced while 1,131 declined.
Private banks may lower deposit rates. The Reserve Bank of India on Friday prodded banks to reduce interest rates after the monetary policy measures announced by it over the last five months have failed to result in lower cost of funds for the economy.
Thiruvaiyuru, where composer-saint Tyagaraja lived, is an annual pilgrimage for Carnatic musicians, eminent and unknown, young and old.
The Sensex finally ended 241 points lower at 14,061. The Nifty ended down 48 points at 4,270.
Neither recessions nor world wars have deterred women from indulging in beauty products, writes Valentina Zannoni.
If everybody is 'working' from home, then how has TV consumption gone up? Who is making all that gourmet food being posted on social media?
The NSE Nifty ended at 2,939, down 7 points. The market breadth was marginally negative - out of 2,636 stocks traded, 1,395 declined, 1,134 advanced and 107 were unchanged on Tuesday.
Shares of Tata Motors, which surged over eight per cent in morning trade, shed gains to settle up three per cent on the Bombay Stock Exchange and National Stock Exchange as the company launched the world's cheapest car 'Nano'.
Market expert Pranav Sanghavi offers some valuable tips on stocks.
Have you been fired from your job recently? Or do you fear it will happen soon? Here are a few tips on how you can survive a layoff, financially.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
Market expert Pranav Sanghavi offers tips on how to trade when the markets are volatile.
With both leisure and business travellers dropping Pune from their itineraries, 30 to 50 per cent of all grades of rooms in the city are vacant. This steep fall comes as double whammy for these hotels, since they were forced to pare tariffs 35 to 40 per cent owing to falling occupancies as a result of the economic slowdown.
South Korea were left with plenty to ponder ahead of this month's World Cup finals after Edin Visca scored a hat-trick to give Bosnia and Herzegovina a 3-1 victory in a friendly in Jeonju on Friday.
The NSE Nifty ended at 4,234, up 122 points. The market breadth was extremely positive - out of 2,679 shares traded, 2,035 advanced while only 558 declined.
The NSE Nifty ended at 3235, up 112 points. The market breadth was fairly positive - out of 1,613 stocks advanced, 975 declined and the rest were unchanged.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
The BSE IT index soared 4% (123 points) to 3,218, and the Bankex rallied over 3% (209 points) to 6,688. The Realty index, however, shed 2.3% (82 points) at 3,427. The market breadth was positive - out of 2,672 stocks traded, 1,476 advanced, 1,120 declined and 76 were unchanged on Wednesday.
The FIIs' stake in Reliance Industries has increased from 20.22 per cent at the end of the March 2007 quarter to 20.85 per cent at the end of the June 2007 quarter, according to the BSE's shareholding pattern data.
'The digital economy will generate 60 to 65 million jobs by 2025, 20 million more than the 40 to 45 million existing jobs that are in danger of disappearing or getting automated,' points out T N Ninan.
The Sensex opened 42 points lower at 15,032, and soon touched a low of 14,993. The index, thereafter, rebounded into the positive zone and touched a high of 15,280 - up 287 points from the day's low - amid alternate bouts of buying and selling.
Tension is still simmering at Kimin town since rampaging by the Indo-Tibetan Border Police (ITBP) following a molestation charge against a jawan on October 20.
The NSE Nifty ended at 2,617, up 44 points. The market breadth turned negative towards the close - out of 2,520 stocks traded, 1,261 declined, 1,163 advanced and the rest were unchanged on Thursday.
The market breadth was negative - out of 2,761 stocks traded, 1,115 advanced, 1,537 declined and 109 were unchanged on Thursday. The NSE Nifty shed 83 points to end at 4,835. Unabated selling in auto, banking and oil & gas stocks forced the index touch a low of 16,196 - down 470 points from previous close.
The index after gyrating between zones drifted to a low of 16,979 - down 293 points from the day's high - as the day progressed. The Sensex finally ended with a loss of 110 points at 17,016. The market breadth was marginally negative - out of 2,740 stocks traded, 1,371 declined, 1,297 advanced and 72 were unchanged on Monday.
According to a study by the brokerage division of global financial services major Citigroup, promoter holding went up to 58 per cent in the BSE-500 companies in the second quarter this fiscal from 54 per cent in the previous three-month period. In contrast, FIIs, mutual funds, banks, insurance companies and retail investors cut down their holdings.
A Ganesh Nadar/Rediff.com attends Finance Minister Nirmala Sitharaman's presser in Chennai to tom-tom the government's achievements in its first 100 days in office.
Sending money to your parents is a nice way of letting them know that you care. A ready reckoner of the fastest, the cheapest and the most convenient modes of funds transfer
The credit growth in the current financial year has slowed down to 22.6 per cent at the end of January 2007 compared with nearly 30 per cent a year ago. While that in itself is not too worrying, most of the demand stems from companies with retail offtake in low double digits.
The NSE Nifty ended at 2886, up 189 points. With Friday's gain, the main index of the Bombay Stock Exchange, the Sensex, gained over 27% (2,091 points) from it's Monday low of 7,697.
As per the new guidelines, the wholesalers will get 15 per cent margin while retailers will 35 per cent over the cost of manufacturing of generic medicines, Minister of Chemicals and Fertiliser Ram Vilas Paswan told reporters.
The BSE IT index zoomed 8% to 2,741. The Realy index, however, shed 3.7% at 2,431. The market breadth was fairly negative - out of 2,616 stocks traded, 1,643 declined, 920 advanced and 53 were unchanged on Monday.
Some profit taking towards the end saw the Sensex pare gains and finally settle at 17,594 - up 5.2% (864 points) - third best single-day gain ever. Thus, the index today broke its seven-day losing streak wherein the index had shed 19% (4,097 points). The NSE Nifty gained 304 points to close at 5,203.
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
Mutual funds pared exposure to auto, cement, metal, FMCG, telecom, sugar, and power stocks in January.
Do you know how easy it is to do your own financial planning? Just follow these five golden rules and you can achieve financial freedom for you and your family?
The NSE Nifty touched a high of 4,616 - up 113 points - in morning trades, but eventually finished with a marginal gain of 15 points at 4,518.
Nithari villagers on Monday fought pitched battles with the police, both pelting stones at each other, outside the residence of a businessman who along with his servant allegedly sexually abused children and murdered them.
