Tag Archives: other

Cisco, Intuit and 31 other stocks are leading the market out of correction

Traders react after the closing bell on the floor of the New York Stock Exchange (NYSE). More than 60 percent of the companies in the S&P 500 broke to new highs during January’s new year rally, and a diverse group are among the first to make a comeback after February’s correction. In the S&P 500, 23 stocks bounced back to their 52-week ... Read More »

Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

The rate of interest on PPF is compounded annually (Representational image) HIGHLIGHTS PPF, other small savings schemes interest rates are set every quarter Deposits in PPF account are eligible for tax deductions under Section 80C Up to Rs. 1.5 lakh can be claimed for a financial year under Section 80C COMMENTSPPF or Public Provident Fund is one of the most ... Read More »

Linking Aadhaar With Bank Accounts, Mobile Phone SIMs: Last Date And Other Things To Know

    The deadline for linking Aadhaar card with essential services is March 31, 2018. The Aadhaar card, a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI), is mandatory to be linked with a host of essential services. The Aadhaar card, which is based on the biometric and demographic data, of Indian citizens, has to ... Read More »

SoftBank’s investments will elbow out other funds from the market

Masayoshi Son, president and CEO of Softbank, delivers his keynote speech at Mobile World Congress in Barcelona, Spain, February 27, 2017(REUTERS) The New York Times reported on July 25 that SoftBank Group Corp. is considering a “multi-billion dollar investment” in ride-hailing service Uber Technologies Inc. The report said talks between the two companies were still at a preliminary stage. SoftBank already has ... Read More »

ECB rates could stay low if other policy areas don’t contribute

European Central Bank rates could remain low unless other policy areas start contributing, raising the risk that they could increasingly hit their effective lower limit, a top policymaker said on Saturday. In a largely academic speech, ECB Executive Board member Benoit Coeure also warned the effect of monetary stimulus in such an environment could be weakened and come with increasing ... Read More »

Vodafone picks BofA, Kotak, UBS, other banks for India IPO – sources

British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit’s IPO, people familiar with the matter said, kicking off its long-awaited listing plan. The IPO is expected to raise between $2 billion–$2.5 billion, Reuters previously reported, which, at the upper end, would make it India’s ... Read More »

Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks

Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating prices in the multi-billion dollar ... Read More »

ECB leads the big parade, Fed strolls the other way

When Morocco’s central bank cut interest rates on March 22, it joined a parade of 46 others that have eased monetary policy at least once since the beginning of 2015. Perhaps more trenchantly, it was also the 15th time this year – still less than a quarter old – that a central bank has eased policy in some form. Taiwan ... Read More »