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Government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate and banks are given more regulatory exemptions, Japanese brokerage Nomura said on Friday."Depositors want higher interest rates, while banks want regulatory exemptions. If these are provided, then the scheme may be successful," it said.Three days ago the government proposed a new scheme offering ...
Activity is likely to remain stock specific on the Indian bourses in the coming week, with investors tracking some key quarterly earnings reports.Movements are expected to be quite volatile at times as the near month derivatives contracts expire on Thursday (28 May 2015).Thanks to some positive news on the monsoon front and amid expectations of a rate cut, stocks moved higher last week. The two factors ...
Government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate and banks are given more regulatory exemptions, Japanese brokerage Nomura said on Friday."Depositors want higher interest rates, while banks want regulatory exemptions. If these are provided, then the scheme may be successful," it said.Three days ago the government proposed a new scheme offering ...
Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers.Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. In fact, Kerala uses up to ...
By Soe Zeya Tun and Antoni Slodkowski ALAETHAKAW VILLAGE, Myanmar, May 24 (Reuters) - At least eight Rohingya Muslims from Myanmar were among some 200 migrants rescued from a trafficking boat by the Myanmar navy on Thursday, according to interviews conducted by Reuters, contradicting official accounts that all onboard were from Bangladesh. Myanmar portrayed the rescue operation as a proof that thousands ...
Government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate and banks are given more regulatory exemptions, Japanese brokerage Nomura said on Friday."Depositors want higher interest rates, while banks want regulatory exemptions. If these are provided, then the scheme may be successful," it said.Three days ago the government proposed a new scheme offering ...
As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday.Quoting two people with knowledge of the email, the Times said it detailed how global carmakers needed to consolidate to save money ...
President Barack Obama scored a major victory on Friday when the U.S. Senate voted to give him "fast-track" powers that would help wrap up negotiations on a 12-nation Pacific Rim trade deal central to projecting American influence in Asia.Attention now turns to the House of Representatives, where opposition is deeper to granting the president power to negotiate trade deals that can be approved or rejected ...

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 ...
* Yellen comments leave rate expectations unchanged on Wall Street * Core inflation highest since January 2013 * Boeing falls after Bombardier jet report * Microsoft down after report of Salesforce deal talks * Indexes end down: Dow 0.29 pct, S&P 0.22 pct, Nasdaq 0.03 pct (Updates to close) By Noel Randewich May 22 (Reuters) - U.S. stocks ended weaker on Friday after Federal Reserve Chair ...
By Noel Randewich (Reuters) - U.S. stocks were flat on Friday after Federal Reserve Chair Janet Yellen said it would be appropriate to raise interest rates this year if the economy continues on its current path, in line with broad expectations on Wall Street. In a speech, Yellen said the economy was well-positioned for growth and that it would take several years to return to normal interest rates. ...
By Soe Zeya Tun and Antoni Slodkowski ALAETHAKAW VILLAGE, Myanmar, May 24 (Reuters) - At least eight Rohingya Muslims from Myanmar were among some 200 migrants rescued from a trafficking boat by the Myanmar navy on Thursday, according to interviews conducted by Reuters, contradicting official accounts that all onboard were from Bangladesh. Myanmar portrayed the rescue operation as a proof that thousands ...
(Adds details from statement, background) ISLAMABAD, May 23 (Reuters) - Pakistan's central bank cut its benchmark interest rate to 7 percent from 8 percent on Saturday, a larger-than-expected move aimed at spurring economic growth against a backdrop of slowing inflation. Some analysts had been expecting a smaller cut of 50 basis points. The larger reduction came after annual inflation fell to 2.11 ...
As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday.Quoting two people with knowledge of the email, the Times said it detailed how global carmakers needed to consolidate to save money ...
US Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Times reported on Friday.Citing people briefed on the inquiry, the Times said a settlement could be reached as soon as this summer. The final number is still being negotiated, but ...
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