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Budget 2019 to set tone for markets; banks, consumers, cement stocks in focus

The New Year started positive but slightly on a somber note with the Indian equity market making a marginal gain in the first 15 days of the year. Both Nifty50 index and BSE Sensex rose 0.2 percent and 0.7 percent, respectively. The surge in the global equity market and continuation of buying interest by domestic institutional investors (DIIs) helped the ... Read More »

SBI to raise at least $1 billion via overseas bonds

Mumbai: The country’s largest lender State Bank of IndiaNSE 0.50 % (SBI) is raising at least $1 billion by selling bonds to overseas investors in what is the largest such sale from the country since January 2018. The state owned lender is issuing the bonds in two tranches, one a three year and another a five year as its seeks to shore up funds ... Read More »

Want to quit the equity market? Read this before you make a decision

Kunal is keen to quit the equity market as he is not sure what lies ahead. Those around him seem to be investing, even though there are murmurs of a slowdown and uncertainty due to upcoming elections. He believes there is little point in following the crowds, and is convinced that it is a good idea to leave the market even if ... Read More »

After Kim Jong Un’s New Year Speech, Trump ‘Looks Forward’ To New Meeting

Kim Jong Un and Trump met in an unprecedented summit in Singapore in June. (File) Washington: President Donald Trump is looking forward to another summit with Kim Jong Un, he said Tuesday, after the North Korean leader warned Pyongyang could change its approach to nuclear talks if Washington persists with sanctions. “I also look forward to meeting with Chairman Kim who ... Read More »

Government To Infuse 10,086 Crore Rupees Into Bank Of India

The Central government has decided to infuse Rs. 10,086 crore into Bank of India. The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment. According to the filing, the bank’s board will consider “by way of circular resolution on or after January 2, 2019 ... Read More »

Video that India Today wrongly linked to Pakistan forced conversions in 2016 is viral again

A n India Today broadcast from 2016 with the narrative “Hindu women abducted, converted to Islam and sold for 50k rupees in Pakistan by cops” has been widely shared on social media in the past few days. The video starts with a clip of a policeman slapping a burkha-clad woman and goes on to say that women and children from ... Read More »

Microsoft Surface Go teased for the Indian market, will be exclusive to Flipkart

hile critics have rendered the market of tablets as mostly useless, certain big names of the industry such as Apple, Samsung and Microsoft are constantly trying to breathe new life into the segment with flagship-grade devices. Microsoft’s Surface series has been long considered the best iteration of Windows 10 PC. The Surface Go was unveiled earlier this year as an ... Read More »

Sensex Closes 150 Points Higher, Nifty Settles At 10,791: 10 Things To Know

Seventeen out of 30 Sensex stocks finished the session higher. Domestic stock markets continued to rise for the third session in a row on Thursday. Strong macroeconomic data along with a boost in financial stocks on new RBI Governor Shaktikanta Das’ move to open up a dialogue with lenders pushed the markets higher. Bombay Stock Exchange (BSE) benchmark index Sensex ... 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 »

These Banks Pay Up To 9.55% Interest On Fixed Deposits Below Rupees 1 Crore

tate Bank of India (SBI), offers 6.8 per cent interest for a tenure of one year to less than two years. Small finance banks (SFBs) are niche banks which aim to extend financial services to under-banked customers. Since these banks are new, they offer higher interest rates than mainstream banks because they want to attract more customers. They also offer ... Read More »