Author Archives: Loknath Das

Zero Balance Savings Account: Facilities Offered By Key Lenders, India Post Payments Bank

Customers get a number of facilities such as debit and ATM cards and internet banking with BSBD account. A BSBD or basic savings bank deposit account is a type of zero balance savings account and does not require customers to maintain any particular minimum balance. Government-owned State Bank of India (SBI) and private sector lender HDFC Bank offer the facility of opening a ... Read More »

These 30 stocks made most of the bull run, rallied 30-99% in a month

With D-Street riding a crest, stocks across sectors posted handsome gains. In the BSE 500 index, which gained 9 percent in 1 month, 30 stocks rallied in the range of 30 percent to 99 percent, which also include stocks that singed in September and October due to factors such as corporate governance issues, liquidity crisis and mixed earnings. Suzlon Energy, ... Read More »

Economy expands for first time in five months, leading indicators show

The U.S. economy appears to have revved up a bit after a slow start to the year. The numbers: A survey of economic conditions in the U.S. rose in February for the first time in five months, perhaps a sign growth is poised to pick up a bit after a very slow start early in the year. The leading economic index increased ... Read More »

Stocks in the news: DHFL, Rallis India, HCL Tech, DLF and Fortis Healthcare

NEW DELHI: Nifty futures on the Singapore Exchange were trading 3.50 points, or 0.03 per cent, lower at 11,572.50, indicating a flat start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade: Bharti Airtel, Infratel: The telecom operator has transferred additional 16.76 per cent stake, worth Rs 10,000 crore, it holds in telecom tower ... Read More »

Stocks in the news: Mindtree, Hotel Leelaventure, RCom, L&T and Jet Airways

NEW DELHI: Nifty futures on the Singapore Exchange were trading 18 points, or 0.16 per cent, higher at 11,529.50, indicating a positive start for the Nifty50. Here are a few stocks, which may buzz the most in today’s trade: L&T, MindtreeNSE -1.78 %: L&T has entered into a deal to buy Cafe Coffee Day owner V G Siddhartha’s 20.32 per cent stake ... Read More »

Stocks in the news: Dish TV, Mindtree, Jet Airways, Gruh Finance and DHFL

NEW DELHI: Nifty futures on the Singapore Exchange were trading 33 points, or 0.29 per cent, higher at 11,507, indicating a positive start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade. Mindtree: Larsen & Toubro (L&T) is planning to sign a deal with Café Coffee Day founder VG Siddhartha to buy his 21 ... Read More »

Punjab & Sind Bank hikes MCLR by 0.05% on six-month tenor

New Delhi: Punjab & Sind BankNSE -0.33 %(PSB) has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for six-month tenor and lowered interest on three-year tenor by 0.05 per cent. “Our bank has reviewed the marginal cost of fund based lending rate (MCLR) for different tenors,” PSB said in a regulatory filing. The bank said these rates ... Read More »

The last domino propping up the Australian economy could be poised to fall

I’d like to feel comfortable. I really would. But something keeps worrying me. It’s this next graph, which shows the number of job advertisements in Australia. Jobs data shows a worrying trend. Picture: SuppliedSource:Supplied This graphic comes from ANZ Bank. It has been tracking the number of job advertisements for years. By doing so they hope to see the future ... Read More »

What changed for the market while you were sleeping? Top 12 things to know

The Nifty fell for the second consecutive day on March 8 and but gained 1.5 percent during the week despite global growth concerns. The 30-share BSE Sensex fell 53.99 points to 36,671.43 as the Nifty slipped 22.80 points to 11,035.40 and formed ‘Doji’ kind of candle on the daily chart. The index managed to settle the week above 11,000 and ... Read More »

‘Permanent’ capital: Vital differentiating factor for business

Global trends in money management and business efficiency are a useful guide to build and scale Indian businesses, especially to increase the efficiency of capitalusage. One trend that has been in focus throughout the asset management industry, especially the private equity world, has been that of “permanent capital”. This is broadly defined as access to funds for long periods, instead of the usual ... Read More »