Sensex down 200 points, Nifty slips below 9,050; PSU Bank index sole gainer
Uploading Date : 27-03-2017The benchmark indices on Monday continued to trade lower tracking weak global gues after US President Donald Trump's failure on healthcare reform raised questions about his ability to push through tax cuts and fiscal spending to boost the economy.............
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Good news on all fronts for Vedanta
Uploading Date : 27-03-2017For Vedanta, it seems that almost everything is falling in place. First, with base metal prices rebounding, its business prospects have improved. The company’s operating profits in December quarter was the highest in last seven quarters. Not surprisingly then, its stock price has grown more than three-folds from lows of Rs 60 last February to highs of Rs 275.40 in March 2017; and closed at Rs 267 on Friday. Despite this rally, there are more triggers and as the outlook remains firm there could be more gains ahead...................
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IPO fund raising at 6-year high in FY17, trend expected to continue
Uploading Date : 25-03-2017Capital mobilisation through the Initial Public Offer (IPO) route hit a six-year high in 2016-17. A total of 25 companies collectively raised Rs 28,220 crore, the highest since 2010-2011........
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India to become third-largest consumer economy by 2025: BCG
Uploading Date : 25-03-2017Even as the world economy struggles and many developed countries are trying to alter their consumption through austerity drive, India could end up as the third largest consumer economy by 2025 according to a report by the Boston Consulting Group (BCG)...................
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Sebi passes Rs 447-cr disgorgement order against Reliance Industries
Uploading Date : 25-03-2017The Securities and Exchange Board of India (Sebi) on Friday directed Mukesh Ambani’s Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL)................
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Net forex reserves increase by $14.2 bn in Apr-Dec
Uploading Date : 24-03-2017The country added $14.2 billion in foreign exchange reserves on the balance of payment basis during the first nine months of the outgoing financial year, which is marginally down from $14.6 billion accretion in the year-ago period, the Reserve Bank said today............
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YES Bank launches $650-mn QIP offer
Uploading Date : 24-03-2017After scrapping its last offering in September, private sector YES Bank Ltd on Thursday said it would go for a fresh round of share sale through qualified institutional placement (QIP)..........
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India firms borrow $2.23 bn from foreign sources in Feb, shows RBI data
Uploading Date : 22-03-2017Indian firms' borrowing from foreign sources stood at $2.23 billion in February 2017, RBI data showed on Tuesday. In February 2016, the domestic companies had raised more than $1.35 billion from overseas markets through external commercial borrowings (ECBs).....................
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