Tag Archives: Finance

Share Market updates: Sensex closes 177 points higher, Nifty rises to 11,665; Tata Steel, Vedanta, Bajaj Finance top gainers

After logging a positive start in early trade, Sensex and Nifty pared gains on account of profit booking in afternoon session. However, bulls refused to be cowed down by bears on Dalal Street as Sensex closed 177 points or 0.46% higher at 38,862 level and Nifty rose 67 points to 11,665 level. Tata Steel (3.36%),  Vedanta (2.38%) and Bajaj Finance ... 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 »

Finance, Reliance Group stock futures witness surge in interest

Mid-cap stocks are in momentum in the March series as they have seen significant addition in open interests. While shares of Anil Ambani’s Reliance Group companies trading in stock futures have risen 6-19% so far in the March series, shares of finance companies are also witnessing high open interests. The BSE MidCap index has gained 6.7% in the last two ... Read More »

Family finance: Salaried Raj can meet his financial goals with ease

Sam Raj is a marketing professional, who is currently single and gets a monthly salary of Rs 2.1 lakh. He stays in a rented accommodation in Hyderabad, but has bought a house worth Rs 75 lakh, for which he has taken a Rs 55 lakh loan and is paying an EMI of Rs 55,000. Besides the house, his portfolio comprises ... Read More »

Power Finance not to extend open offer to REC’s minority holders

Power Finance Corp said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd. There has been no finalisation on the deal value, the non-banking finance company said. The Indian government had approved a plan in December by one state-owned lender to the power industry, Power Finance, to buy a ... Read More »

UN’s flagship green finance fund fights to regain credibility

A body that aimed to create a new model for aid has been beset by infighting The GCF backs projects to protect India’s coastal communities from climate change © Bloomberg Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save Save to myFT Leslie Hook, Clean Energy and Environment Correspondent 4 ... Read More »

Italy fines car finance cartel 678 million euros

Italy’s anti-trust authority said on January 9 it has fined a swathe of top car makers, including BMW, Fiat-Chrysler, Ford and Toyota, 678 million euros (USD 776 million) for operating a financing cartel. The car manufacturers and their respective banks which offer financing to customers purchasing vehicles were found guilty of running a cartel from 2003 to 2017, the AGCM ... Read More »

A Cost-Saving Medical Revolution If We Can Finance It

  Getty Despite the constant barrage of negative news, this is an exciting time for patients. Truly innovative medicines and gene therapies are under development. New gene therapies are particularly exciting because these therapies do not just treat diseases – they often cure them by fixing underlying genetic defects, frequently with only one dose. There is great optimism that these ... Read More »

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

Boris Roessler | Picture Alliance | Getty Images The skyscrapers of Frankfurt’s banking metropolis. London is predicted to lose up to 800 billion euros ($909 billion) of assets by March next year, as banks move their business operations to other hubs before Brexit takes place. Lobby group Frankfurt Main Finance (FMF) released the figure last week, which it calculated based ... Read More »

Veritas Finance gets ₹200 crore funding from Norwest, others

Private equity (PE) firm Norwest Venture Partners has led the latest round of investment of ₹200 crore into non-banking financial company (NBFC) Veritas Finance Pvt. Ltd. Existing investors of Veritas—CDC Group Plc, UK’s Development Finance Institution and P. Surendra Pai, an anchor investor—also participated in the Series D investment, Veritas said in a statement on Thursday. Veritas lends to micro, ... Read More »