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China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the ...
Abu Dhabi-listed Etisalat reported a 7.6 percent rise in first-quarter profit on Sunday, with its acquisition of a majority stake in Maroc Telecom having helped to lift revenue by nearly a third and its subscriber base by a fifth.Etisalat, which operates in 19 countries across the Middle East, Africa and Asia, made net profit of 2.18 billion dirhams ($593.6 million) in the three months to March 31, ...
The continued weakness in gold prices is likely to push up jewellery sales by up to 25 per cent this Akshaya Tritiya, considered auspicious to buy gold, according to retailers."The prices have been stable for quite some time, which we expect will be a boost for jewellery sales during this Akshaya Tritiya," Manubhai Jewellers Director Samir Sagar told PTI.About 2-3 weeks ago, he said the sales were ...
Leading stock exchanges NSE and BSE today announced extended trading hours for Gold Exchange Traded Funds (ETFs) till 7 PM on April 21, on account of Akshaya Tritiya.BSE has also decided to waive off transactions charges for all trades in Gold ETFs on that day, when it is considered auspicious to buy the yellow metal.The exchanges will conduct extended live trading session on Tuesday, April 21 for ...
The ONGC has called the globally renowned oil and gas blow out control experts Boots and Coots from the US to contain the crisis at well Olpad-31, which caught fire during repair maintenance job yesterday. Meanwhile, the ONGC's Crisis Management Team (CMT) has stepped up efforts to drill a relief well at a nearby place for which the foundation work has already been started. This well will be directionally ...
China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the ...
Aiming at providing passengers more facilities for booking tickets online, IRCTC is planning to offer a new service of 'baggage insurance' for them.Under this, a customer will be offered additional services like insurance coverage for baggage while booking e-tickets on the IRCTC website.As per the offer, the passenger can claim the insurance money in case of lost or theft of the baggage. The goods ...
NEW DELHI: Maruti Suzuki India continued its hold on the country's car market in 2014-15 with its models Alto, Swift, Dzire and WagonR retaining the top four positions.According to a data by the Society of Indian Automobile Manufacturers (SIAM), Maruti's entry level small car Alto sold 2,64,492 units in 2014-15 as against 2,58,281 units in the previous fiscal, up 2.4 per cent, retaining its numero ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
A consortium led by U.S. private equity firm Advent International Corp. is set to buy the consumer products business of India's Crompton Greaves for up to $350 million, two sources directly involved in the deal told Reuters.The deal is set to be announced within days, the sources said. They declined to be named as the talks are not public.The board of Crompton Greaves, a conglomerate whose activities ...
MUMBAI, April 19 (Reuters) - A $75-million market debut for Indian parcel delivery firm VRL Logistics Ltd has encountered record demand, drawing bids for more than 70 times the number of shares on offer late last week, as investors bet on an e-commerce boom. Subscription levels were the highest in nearly eight years, stock exchange data showed, roughly the highest since the global financial crisis ...
China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the ...
By Abhishek Vishnoi and Indulal PM MUMBAI, April 19 (Reuters) - A consortium led by U.S. private equity firm Advent International Corp. is set to buy the consumer products business of India's Crompton Greaves for up to $350 million, two sources directly involved in the deal told Reuters. The deal is set to be announced within days, the sources said. They declined to be named as the talks are not ...
Honda Cars India has hiked prices of its entry level car Brio and compact sedan Amaze by up to Rs 800 to offset change in cost structure following tax rationalisation in the Budget.Brio prices have been hiked by Rs 600 while those of petrol and diesel variants of Amaze have been enhanced by Rs 800 with effect from April first week.After the hike, Brio is priced between Rs 4.21 lakh and Rs 6.79 lakh, ...
NEW DELHI: Maruti Suzuki India continued its hold on the country's car market in 2014-15 with its models Alto, Swift, Dzire and WagonR retaining the top four positions.According to a data by the Society of Indian Automobile Manufacturers (SIAM), Maruti's entry level small car Alto sold 2,64,492 units in 2014-15 as against 2,58,281 units in the previous fiscal, up 2.4 per cent, retaining its numero ...
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