Metal, oil & gas sectors see sharpest rally in seven years in CY16
Uploading Date : 19-12-2016Oil & gas and metal sectors are set to post their biggest yearly gain since 2009, when they had rallied 73% and 234% respectively. Thus far in 2016, both indices have gained 41% and 24% respectively, as compared to a 1.43% rise in the benchmark - the S&P BSE Sensex till Friday..........
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Forex reserves down by $887.2 million to $362.987 billion
Uploading Date : 17-12-2016India's foreign exchange reserves declined by $887.2 million to $362.987 billion in the week to December 9 due to fall in foreign currency assets, the Reserve Bank said today. In the previous week, the reserves had declined by $1.431 billion to $363.874 billion.......
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Petrol price hiked by Rs 2.21 per litre, diesel Rs 1.79 per litre effective midnight
Uploading Date : 17-12-2016Petrol price was today hiked by Rs 2.21 a litre and diesel by Rs 1.79 per litre, excluding local levies.The price revision was to come into effect yesterday, but was deferred possibly to save the demonetisation-battered government from any blushes in Parliament. The revised rates will be effective from midnight tonight.......
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Wealth management business to grow 17-18 per cent: Sanctum Wealth
Uploading Date : 15-12-2016Despite demonetisation shake-up, wealth management business in India is poised to grow 17-18 per cent each year for the next few years and the next couple of months will be crucial for building people's sentiment towards investment, according to a wealth management firm........
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US Fed raises interest rate by 25 basis points
Uploading Date : 15-12-2016The US Federal Reserve raised interest rates by a quarter point on Wednesday and signalled a faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation.........
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NTPC to invest Rs 2,648 cr in developing three coal blocks in Odisha
Uploading Date : 14-12-2016State-run NTPC has lined up investments worth Rs 2648 crore for developing three coal blocks in Odisha. The Maharatna public sector undertaking (PSU) plans to invest Rs 684 crore in the Dulanga coal block, which is linked to its Dariplalli super thermal power project that has the capacity to generate 1,600 Mw of power......
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Make in India, finance in the UK: British-Indian minister
Uploading Date : 14-12-2016The UK wants to make London as India's "destination of choice" for raising offshore finance, an Indian-origin British minister has said. "Prime Minister (Narendra) Modi wants to 'Make in India'. We say: 'Make in India, finance in the UK'," Alok Sharma, minster in charge of Asia, said in an address to the UK India Business Council on the 'Future of the UK-India Relationship' in London.........
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Bank of Baroda in talks to buy Central Bank's housing finance arm
Uploading Date : 13-12-2016Looking to strengthen its position in the home loan segment, Bank of Baroda is in talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the housing finance subsidiary of Central Bank of India, say sources.......
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