Author Archives: Loknath Das

Nifty likely to remain volatile this week; 5 stocks which can give up to 18% return in short term

The Nifty continued with the downward spiral in its daily chart for the third week in a row, indicating a slothful movement in an upcoming session. Despite closing on a positive bias in Friday’s trade, Nifty failed to cohere above its psychological support level during the closing period of trade on the backdrop of selling pressure coupled with mounting concerns ... Read More »

Market Live: Nifty above 9600, Sensex extends gain; M&M up 2%

11:45 am Management at banks: Banks Board Bureau (BBB) has recommended to the government names of 15 general managers of various public sector banks for appointment as executive directors. Sources said the recommendations were made by BBB Chairman Vinod Rai and other members of the bureau. The list would be sent to the Department of Financial Services to get Appointments Committee ... Read More »

Finance co staff booked in suicide case

Nagpur: Two employees of different finance companies were booked for abetment to commit suicide by Wadi police, after their names came to fore in investigations into the suicide of Mahesh Patil near his quarter within Ordnance Factory premises last week. Patil, engaged as a labourer at Ordnance Factory, was found hanging from a ceiling rafter of the staircase at an ... Read More »

Democrats still have nothing to say about boosting the economy

Liberal writers and political operatives, now that it’s finally dawning on them that no one is going to find evidence that Donald Trump conspired with Russia to steal the presidential election, are turning to giving advice to the Democratic Party. That’s a natural, if somewhat delayed, response to an election that left the world’s oldest political party out of power in the ... Read More »

GST Arrest Clause ‘Draconian’, May Lead To Harassment Of Business Leaders: Mamata Banerjee

Mamata Banerjee said Centre has deviated from the original intent of the GST. (File photo) NEW DELHI: Mamata Banerjee on Friday said the “draconian” arrest clause in the Goods and Services Tax (GST) can lead to “major harassment of business”. The West Bengal Chief Minister expressed fear that the “inspector Raj” was back. “At the stroke of midnight on 14th ... Read More »

Why Trump just slapped new sanctions on Chinese banks

cThe Trump administration’s months-long effort to be gentle in encouraging China to rein in North Korea is officially over. On Thursday, the White House announced that it’s slapping sanctions on a Chinese bank, a Chinese company, and two Chinese individuals for their ties to North Korea — an unambiguous sign that patience over China’s reluctance to help curtail Pyongyang’s nuclear ... Read More »

Anil Ambani says MF industry barely out of teens; can grow 10-fold in 5 years

Anil Ambani, Chairman of Reliance Group today, said the mutual fund industry is barely out of its teens and is poised to grow 10-fold in 5 years. He urged SEBI Chairman Ajay Tyagi to simplify investment and advertisement norms for mutual funds. Ambani said investing in mutual funds must be as easy as buying smartphones on internet. Ambani was addressing ... Read More »

Deutsche Bank rejects US Democrats’ call for Trump finance details

The logo of Deutsche Bank is seen at its headquarters ahead of the bank’s annual general meeting in Frankfurt, Germany May 18, 2017. Deutsche Bank has loaned the Trump organization millions of dollars for real-estate ventures. REUTERS/Ralph Orlowski Deutsche Bank’s external counsel in Washington, D.C. rejected on Thursday demands by US House Democrats to provide details of President Donald Trump’s ... Read More »

U.S. first quarter economic growth revised up on jump in consumer spending

The U.S. economy slowed less than feared in the first quarter due largely to a jump in consumer spending, providing a slightly more encouraging outlook for growth this year. Gross domestic product increased at a 1.4 percent annual rate instead of the 1.2 percent reported last month, the Commerce Department said in its final assessment for the period on Thursday. ... Read More »

Don’t underestimate the power of the UK economy – it’s more resilient than you think

The outcome for the UK economy seems more positive than first thought Reuters Janet Yellen was in London this week, talking with Lord Stern at the British Academy. My main thought watching her was how lucky the Americans were to have her as chair of the Federal Reserve Board: calm, sensible, measured and wise. But of course the rest of ... Read More »