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Government lifts foreign restrictions on finance, investment houses

NEDA Undersecretary for policy and planning Rosemarie Edillon said foreign participation in investment houses and other financial activities were among those that would be removed from the FINL. File MANILA, Philippines – The 2017 Foreign Investment Negative List (FINL), slated to be approved by the National Economic and Development Authority (NEDA) board next month, will provide for the lifting of foreign ... Read More »

Top stocks in focus on Tuesday, 22 August 2017

Here is a list of top stocks that are likely to be in focus in today’s trading session. NEW DELHI: Domestic equity markets are likely to open on a negative note on Tuesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. SGX Nifty was down 67.50 points, or 0.69 per cent, at 9,782 around 7.50 am ... Read More »

Buy, Sell, Hold: Here are 4 stocks on investors’ radar today

CLSA said that post Infosys’ buyback announcement, the impact on FY19 EPS is likely to be 0.9 percent, while the return on equity may increase by 550 basis points. Further, it sees a significant senior level departures over the next six months till a new CEO is found. It also sees downside risks to the guidance for FY18/19, and pegs ... Read More »

FedEx Won’t Add Holiday Surcharges on Regular Sized Shipments

Appoaching the Christmas holiday season, FedEx Corp. (NYSE: FDX) has announced it will not apply residential holiday season surcharges on regular sized shipments. Big Changes in FedEx Holiday Surcharges in 2017 “To support our millions of loyal small business customers and consumers shipping holiday gifts at FedEx Office and FedEx Onsite locations, FedEx will not apply holiday season surcharges except for packages ... Read More »

95 Percent of Small Businesses Are Focused on Tax Relief, Survey Says

Tax relief is on top of U.S. small business owners’ wish lists. NWYC Q2 2017 Small Business Sentiment Index That’s according to the Q2 2017 Small Business Sentiment Index from National Write Your Congressman (NYWC). The survey found an overwhelming majority of small businesses (95 percent) saying they would like Congress to act on tax relief and simplification. Small Businesses Want the Government ... Read More »

A further re-rating on the cards for Yes Bank?

It was a quarterly performance that ticked all boxes. Stung by the bad press of the previous quarter’s numbers, Yes Bank seems to have been determined to erase all the memories. So not just the numbers, but the quality of disclosure, too, was superior this time around. With best-in-class asset quality, strong growth momentum and a focused approach to retail banking, Yes ... Read More »

Market Live: Nifty hits 10,100, Sensex touches 32,600 on F&O expiry, upbeat Q1 earnings

Mumbai: The benchmark BSE Sensex soared to a fresh life-time high of 32,646.21 and the NSE Nifty hit a new high of 10,106.75 on continued buying by investors driven by encouraging earnings by corporates amid positive global cues. Short-covering of bets, Thursday being the last session of July expiry in the derivatives segment, kept the sentiment upbeat. Rising for the second ... Read More »

How Your Next Vehicle Could Save on Income Taxes

Did you know you could save up to $7,500 on your next vehicle — if that vehicle happens to be an all-electric or plug-in hybrid car? And that doesn’t even count any savings on fuel at the pump by using an electric vehicle! Most business people are aware that they can write off some of the costs of operating a ... Read More »

Don’t panic on that WhatsApp message! No bank is closing down

There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors’ money is safe, according to Finance Ministry and the Reserve Bank of India (RBI). Since last few weeks, Whatsapp Groups have seen a barrage of messages claiming closure of nine public sector ... Read More »

Don’t panic on that WhatsApp message! No bank is closing down

There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors’ money is safe, according to Finance Ministry and the Reserve Bank of India (RBI). Since last few weeks, Whatsapp Groups have seen a barrage of messages claiming closure of nine public sector ... Read More »