Tag Archives: fresh

Fresh troubles for the Indian economy

Are we out of the woods as far as economic growth is concerned? Is the Indian economy on track to accelerate from here on? A month ago, the general consensus was that the worst was over and things were going to get better from here on. The Index of Industrial Production (IIP) was steadily inching up. The economy seemed to ... Read More »

Sensex, Nifty hit fresh highs; bank stocks drive rally

Markets continued their record- setting spree for the second straight day with BSE benchmark Sensex rising over 178 points to hit new closing high of 35,260.29 and Nifty ending above 10,800 for the first time, driven by a rally in banking counters. Upbeat sentiment got boost on reports that the government is considering raising the foreign investment ceiling in private ... Read More »

Majority of stocks showing fresh breakouts! 5 stocks which can give up to 8% return

A break above 9,700 and renewed buying interest in Bank Nifty has brushed aside the concerns of June’s steep fall from the peak 9,699. The market’s focus has turned holistic with midcap and smallcap staging rallies of 6 and 7 percent, respectively from their recent lows. Both indices are trading below the May 2017 peak. Within these spaces, majority of ... Read More »

Govt makes fresh attempt to revive IDBI Bank

Privatisation of IDBI Bank might be further delayed, with the government making a fresh attempt to revive the state-owned lender after fresh slippages were reported over the last two quarters that derailed the stake sale plan. The recovery plan includes capitalisation through non-core assets sale, hiving off subsidiaries, controlling expenses and remodelling the business. The qualified institutional placement (QIP) plan ... Read More »

Opec plans fresh oil price talks says energy minister

Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices, according to Algeria’s energy minister. Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of an energy conference in Algiers on Wednesday. “We will not come out of the meeting empty-handed,” the minister ... Read More »

Malcolm Turnbull insists bank inquiry unnecessary after fresh rate-rigging case

Malcolm Turnbull has rejected calls for a royal commission as a third bank faces legal action for rate-rigging allegations, saying the financial watchdog was “sinking its fangs” into suspects. The prime minister said the corporate sector was “well regulated” and the government had already increased the Australian Securities and Investment Commission’s powers and resources. “The watchdog is sinking its fangs ... Read More »