investments News

Wipro tumbles by 6 percent after Q2 and buyback plans

Wipro tumbles by 6 percent after Q2 and buyback plans

Mumbai: Stocks of Wipro reeled in the negative, a day after the company announced quarterly results for the September quarter.On Wednesday, stocks of Wipro trading on the BSE slid to 352 per share (down by 22.75 points or 6 percent) during the intra-day session.As of 10:01 AM, 8.60 lakh shares were ...

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IMF says global economy to collapse to worst in century

IMF says global economy to collapse to worst in century

Washington: The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century.The IMF estimated Tuesday that the global economy will shrink 4.4% for 2020. That...

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September CPI: Here's how Meat and vegetables are leaving your wallet dry

September CPI: Here's how Meat and vegetables are leaving your wallet dry

New Delhi: Wondering why your wallet is turning dry these Covid days? Blame costly meat and vegetable prices!On Monday evening, official data pointed out cost of vegetables spurt by 20.73 percent in September 2020 from a year ago. Cost of pulses is up by 14.67 percent.Cost of meat and fish is up by ...

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Crores for economy, Festive Scheme for Sarkari Babus; Is this FM Sitharaman's gift?

Crores for economy, Festive Scheme for Sarkari Babus; Is this FM Sitharaman's gift?

Ever since news of Finance Minister Nirmala Sitharaman announcing a change in leave and advance policy, there have been frequent searches related to the new policy.On Monday, Finance Minister Nirmala Sitharaman announced two major policies - first, a cash voucher based Leave Travel policy. And, seco...

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October SGB: Why and why not to invest in legally Cheaper Gold ahead of Navaratri

October SGB: Why and why not to invest in legally Cheaper Gold ahead of Navaratri

The Navaratri season is around. And, if you are keen on buying Gold, the Reserve Bank of India's seventh SGB scheme should be considered.The RBI's Series VII 2020-21 series is open to subscribers from Monday and investors can subscribe to these bonds at a price of Rs 5,051 per gram.For digital inves...

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Gold shoots by Rs 800, Silver too observes positive sentiment

Gold shoots by Rs 800, Silver too observes positive sentiment

Mumbai/Chennai/New-Delhi: Gold rates across the country shot off.According to rates tracked by Sify Gold, on average jewellers quoted Rs 51,125 per ten grams for the 24 Karat variant while price of 22 Karat Gold stood at Rs 48,890.The trends remained bullish with rates turning up in a margin of Rs 8...

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Auto stocks and hope on dstreet pulls Sensex up by 300 points

Auto stocks and hope on dstreet pulls Sensex up by 300 points

Mumbai: Broadly positive global cues, along with likelihood of a stimulus package and hopes of healthy quarterly Q2 results, pushed the Indian equity markets higher on Wednesday.Both the key indices, the S&P BSE Sensex and the NSE Nifty50, made healthy gains during the day's trade session.Buying...

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RBI-MPC vs Inflation: Your deposits and loans may have nothing to cheer

RBI-MPC vs Inflation: Your deposits and loans may have nothing to cheer

Mumbai: Will loans get cheaper? Will the savings bank give you more in returns? Answers to those questions would be based on what the Reserve Bank of India decides at its Monetary Policy Committee meeting. The MPC, a forum of experts including the RBI governor, has already started discussing those m...

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RIL stocks spurt after news of ADIA investment of Rs 5,512 crores

RIL stocks spurt after news of ADIA investment of Rs 5,512 crores

Mumbai: Stocks of Reliance Industries Limited saw a gain of over 3 percent in the intra-day session on Wednesday. Stocks of Reliance was the top contributor to the Sensex's 300 point gain by mid-noon.At the time of publishing this story, RIL stocks saw a volume of 6.68 lakh shares being exchanged.Th...

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Covid Impact: BSE Chief explains how broking and trading activity got a boost in tough times

Covid Impact: BSE Chief explains how broking and trading activity got a boost in tough times

Mumbai: Despite Covid-induced moderation, India's economic fundamentals remain strong, thereby retaining investors' interest, contended the chief of the Bombay Stock Exchange.In a conversation with this news-agency, BSE MD and CEO Ashishkumar Chauhan pointed out that rising investor participation in...

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