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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 »

China’s stock market about to see $46 billion pour in

There’s some serious money heading to Chinese stocks, already the world’s best performing equity market this year. After MSCI Inc. announced Thursday that it would boost the weighting of China’s onshore shares in its emerging market index, more than $46 billion is poised to pour in from funds that track the gauge, according to Bloomberg estimates. Chinese equities climbed to the highest since ... Read More »

Sudip Bandyopadhyay on stocks to pick from broader market

They will continue to report good numbers on the back of the fact that the asset quality issues are by and large over. What is going to happen is NCLT process is gathering momentum and some amount of recoveries will start happening which will help them improve their profit on the back of the fact that most of these assets ... Read More »

Now, a policy to protect bank locker

MUMBAI: IFFCO Tokio General Insurance Company today announced the launch of Bank Locker Protector Policy to protect the contents of a bank locker such as jewellery and other valuables. The policy offers a cover against various risks including fire, earthquake, burglary, holdup, infidelity by a bank staff or any act of terrorism. Apart from jewellery and valuables, one can also insure important documents kept in a locker as an ... Read More »

Senior citizens, important note for you! From KYC to doorstep banking, all services that your bank has to provide

As a senior citizen, one may submit the KYC documents and Life Certificate to the bank sitting at home. With digital banking on the rise, nowadays not many bank savings account holders visit bank branches. However, not many senior citizens may be well versed with the technology and may still prefer making a visit to the bank branch for their ... 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 »

Priority is to get economy back on track

PETALING JAYA: Suggestions are pouring in from stakeholders to the newly-formed Economic Action Council (EAC) on what can be done to get the country’s economic, financial affairs and welfare of the people on track. In welcoming the formation of the council, business communities and the public hope that their plight would be taken into consideration and addressed. In order to improve ... Read More »

Seven stocks where Prof Sanjay Bakshi’s Fund is betting on ‘moat’ to create value

ValueQuest India Moat Fund is an offshore fund, which specialises in making long-term investment in high-quality businesses (‘moats’) at attractive valuations. Sanjay Bakshi, eminent teacher and practitioner of value investing and behavioural economics, is better known for his moat investing philosophy. A close look at the holdings of Bakshi’s ValueQuest India Moat Fund gives some idea where the ‘Fundoo Professor’ ... Read More »

RBI reduces risk weights for bank lending to NBFCs

The Reserve Bank of India (RBI) has decided to assign risk weights for the rated exposures of banks to all non-banking financial companies (NBFC) to facilitate credit flow to the sector that is reeling under liquidity pressure post IL&FS defaults in August. The guidelines will be out by February end. “With a view to facilitating flow of credit to well-rated ... Read More »