Market Snapshot |
SENSEX |
22095.30 |
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0.00 |
(0.00) |
CNXNIFTY |
6601.40 |
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0.00 |
(0.00) |
Dow Jones |
16,414 |
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46.59 |
(0.27%) |
NYSE |
10,440 |
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23.81 |
(0.23%) |
FTSE 100 |
6,605 |
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0.41 |
(0.01%) |
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The Chartist
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The residential real estate market in India is in doldrums. The economic slowdown has eroded affordability and people's appetite |
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NEWS SCAN |
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Loan Ranger |
Banks in India are finding it hard to cope with the rising pile of bad loans. As per a study, listed banks saw the amount of bad loans rising precipitously over the last three quarters of 2013 |
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Haves And Have-nots: The Gap Widens |
Income inequality is increasing dangerously globally, warned the International Monetary Fund (IMF) Managing Director Christine Lagarde, citing US and India. |
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Call Me Back |
A new service introduced by HDFC Bank,involves a variety of banking services available through nothing more than just a missed call. |
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Beating Competition |
To attract customers, especially those who've already availed of loans from other banks, the SBI is offering lower rates on home loans |
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Cutting The Flab |
IBM has started an aggressive job-cutting exercise this year, cutting around 13,000 employees from its global workforce |
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Fast Cash |
A new payment system has been introduced by the RBI to ease cash transfers between two parties using ATMs. |
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Deadline Extension |
The Central Board of Direct Taxes (CBDT) has extended the deadline for submitting the ITR-V form to March 31, providing relief to taxpayers seeking refunds |
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Premium Shock |
The Insurance Regulatory and Development Authority (IRDA) plans to increase third-party auto insurance premium for both private cars and two-wheelers from April 1 |
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MCX Slashes Transaction Charges |
In order to reduce cost of trading for agri commodities, Multi Commodity Exchange of India (MCX) has substantially reduced transaction charges on these commodities with effect from February 26, 2014. |
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India’s Stagflation Problem: Are Monetary Tools Enough? |
In the wake of India’s high inflation and slow growth, analysts say the country is witnessing classic signs of stagflation, which is not only destroying the current growth but corroding the future growth as well. |
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Weeding Out Dirty Money |
Black Money and counterfeit notes will soon come under fire, with the RBI calling for the withdrawal of higher-denomination currency notes issued prior to 2005 |
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No More Taxing Times? |
The Central Board of Direct Taxes (CBDT) is planning to phase out the compulsory submission of ITR-V forms to the board’s Central Processing Centre in Bangalore |
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Debt Woes |
The ratings agency Moody’s recently released a statement that said India’s weak growth compared to the high inflation rate that has been prevailing for a while now could affect the debt status of the country |
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Number Game |
A study conducted at the Princeton University shows that Facebook could lose almost 80% of its users between 2015 and 2017. Facebook, on the other hand, has debunked the study. |
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Back To The Field |
A report by CRISIL shows that the economic slowdown has led to a reversal of the migration pattern, with labourers moving back to farms from 2013-2019 |
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IPO Blues |
In 2013, the volatility in the equity markets pushed fundraising through IPOs to a 12-year low. Compared to the Rs 37, 535 cr in 2010, 2013’s Rs 1619 cr seems almost pitiful |
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New Kid On The Block |
Interest rate futures debuted on the National Stock Exchange on 22nd January, with first day trade reaching a whopping Rs 3000 crore |
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Bonanza For Salaried Staff |
The EPFO raised the interest rates on provident fund deposits to 8.75% for 2013-14 on Monday, the 13th of January compared to last year’s 8.5% interest rate |
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New Norms |
The RBI has released a new directive, standardizing the lending limit of gold loans to 75% of the value of gold used as collateral by capping the Loan-To-Value (LTV) ratio |
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The Coffers Are Thinning |
Forex Reserves depleted by $10.4bn in Q2FY14, sharpest decline in last seven quarters, mainly due to decline in capital account balance |
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On A Slippery Slope |
Carmakers like Maruti Suzuki, Hyundai, Toyota, General Motors and others are set to hike vehicle prices by around 1% effective from January 1, 2014 |
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RBI's Action Plan |
RBI has released a discussion paper on ‘Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy’. |
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Loan Reprieve |
A few days after the Reserve Bank of India (RBI) surprised market by holding key policy rates in December, leading banks and housing finance companies started slashing interests on home loan. |
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Tesco Comes Calling |
Tesco, the UK’s largest supermarket chain, is planning to invest $110 million in India as part of its move to enter Indian retail market through partnership with Trent Hypermarket, part of Tata Group. |
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Morgan Stanley Quits India |
In the latest instance of a foreign asset management company exiting India, Morgan Stanley has sold off its Indian mutual fund business to HDFC mutual fund, the country’s biggest fund manager. |
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Fall In Oct IIP Dampens Growth Outlook |
The Index of Industrial Production (IIP) for October 2013 declined 1.8% |
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Crisis on the Mutual Fund Horizon |
The mutual fund industry has been hit hard over the last four years due to declining interest in equity investing |
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Downgrade Warning |
Standard & Poor’s (S&P) has affirmed the ‘BBB-’ long-term sovereign credit ratings on India, while keeping the outlook on the long-term rating negative. |
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EMI Pain |
Major banks have started hardening their lending rates following the Reserve Bank of India’s (RBI) policy actions to raise repo rate by 25 basis points (bps) to 7.75% on October 28. |
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Twitter's Opening Bell |
Twitter recently went public, holding its IPO on Nov 7, opening up the company to buyers and trading on the stock markets. |
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Three in CBI’s net |
Three individuals have been named in a CBI investigation into a corruption case in the State Bank of India. |
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Bad Pay Day? |
A recent survey conducted by myhiringclub.com shows that India is near 24th on the list, or among the 10 lowest paying countries. |
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Oil Slides |
The London-based Brent saw crude oil prices falling as a consequence of the deal the US struck with Iran to curtail its nuclear program. |
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Bitter Medicine |
The Indian pharmaceutical industry has taken a hit during the recent economic slowdown. |
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Downward Sales |
Consumer goods sales have recently taken a hit, aided by the rampant inflation, the shaky position of the rupee and the slowdown in the GDP’s growth rate. |
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Rays Of Hope |
Insurance regulator (Insurance Regulatory and Development Authority) IRDA has asked all life insurance companies to put-in place Board approved underwriting policy with respect to life insurance products for People Living with HIV/AIDS |
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RBI’s Repo Rate Hike: No Good News On Inflation In Sight |
The central bank’s policy actions don’t address supply side issues |
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Reliance Industries’ Earnings Up Driven By Stronger |
RIL reported strong operating performance on the back of robust output from refining and petchem units and weaker rupee |
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Climbing Mount 21k |
After weeks of flirting around the 21,000 mark, the S&P BSE Sensex, riding high on FII money and good Q2 results, finally managed to cross it on Oct 24 |
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No Googly For Bouncer |
The Supreme Court has directed the courts that they cannot impose a fine more than twice the amount in bounced cheques. |
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HRA Blues |
A tenant of a residential house is now required to furnish PAN number of his landlord, if he is paying an annual rent exceeding Rs 1 lakh. |
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Bangalore Tops |
Bangalore tops the list in a new study published by the Global Initiative for Restructuring Environment and DTZ |
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Refresh Your Resume |
It is perhaps the right time to dust off your CV and plan your next career move! Or so the latest job numbers indicate. |
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Will The Sensex Touch 21000 Again? |
Is the market waiting for an action redux or is it close to peaking out? |
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RBI’s Measures To Improve Banks’ Profitability |
RBI's measures to improve liquidity are expected to yield positive impact |
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Power Push: Cabinet Committee on Investment Lifts Hurdles For 92 Major Projects |
The Cabinet Committee on Investment (CCI) , the panel set up in January 2013 has resolved bureaucratic hurdles that had held up 92 major investment projects worth around Rs 3.5 lakh crore. |
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Tata Motors On Fast Track: JLR Records Yearly Growth Of 35.6% |
Tata Motors-owned JLR has recorded a volume growth of 35.6% Y/Y and 16% M/M to 35,874 units as against analysts’ estimates of 35,000 units for the month of September 2013 |
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Consolidation To Reinforce India’s Cement Industry |
Consolidation in the Indian cement Industry would rise as many regional and non-core cement manufacturers would sell-off/ merge with the large cement companies in India |
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Inflation Hits 7-month High: Is A Rate Hike Imminent? |
India’s headline WPI spiked 7-month high to 6.46% Y/Y in Sept – as against analysts’ expectation of 6% |
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Reliance Industries’ Earnings Up Driven By Stronger Operating performance And A Weaker rupee |
Reliance Industries Ltd reported strong operating performance on the back of robust output from refining and petchem units and weaker rupee |
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Facebook Banking |
ICICI Bank has launched an app enabling its customers to carry out a slew of banking services on the social media site, Facebook |
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Goodbye Easy Credit |
the RBI has asked banks to desist from offering home loan products such as 80:20 and 75:25 schemes to builders/developers without linking the disbursals to various stages of construction of the housing project the loan is sanctioned for |
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Aadhaar’s Foundations Rocked |
The Supreme Court ruled that the Aadhaar card should not be made mandatory to avail of government services. |
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Banking Woes |
S&P’s has forecast gloomier days ahead for the Indian banking sector that is unlikely to recover in the next 18-24 months |
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Cash For Votes? |
The PM has approved the constitution of 7th Pay Commission, expected to benefit about 80 lakh central government employees |
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Crackdown On 0% |
The Reserve Bank of India is discouraging banks from offering 0% EMI schemes through credit card by retailers |
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Gold Loan Squeeze |
The Reserve Bank of India has come down hard on lending against the collateral of gold jewelry by NBFCs |
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Lingering Pain |
The USFDA has banned imports from Ranbaxy’s Mohali plant on grounds of the company’s inability to meet ‘good manufacturing practices’ |
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The New Blackberry Boy |
Fairfax Financial, a holding company and Investment Vehicle for Prem Watsa, a Hyderabad-born entrepreneur, is planning a take-over of the Blackberry Limited |
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Gold Lust |
Despite government’s move to restrain gold consumption in the country, Indians’ appetite for gold refuses to wane |
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Walking The Extra Mile |
Foreign direct investment in organized retail is quickly turning into a horse that the UPA is determined to endlessly flog |
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IT’s Happening |
The finance ministry is working over key projects that would upgrade the income tax department’s efficiency |
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India Losing Ground |
In what can be seen as yet another pointer to the poor state of higher education and research in the country |
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An App to Track Stocks |
BSE,India’s leading exchange groups, has launched a mobile application-BSE India on Mobile |
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Fitch’s Warning Shot |
Fitch has warned of a possible downgrade if the government fails to arrest the falling investor confidence |
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Black Friday as Sensex Crashes Over 760 points |
Friday proved to be the day when bears ruled on the Dalal Street indefatigably |
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Raghuram Rajan in RBI Hotseat |
Raghuram Rajan, the Chief Economic Advisor, has been appointed as the next RBI Governor |
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Big Squeeze |
RBI has imposed restrictions on the import of various forms of gold by banks and nominated agencies |
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Credit Boost |
Credit card spend in the country is showing an upward trend, zooming 42% in the last two years |
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Moody Blues |
Moody’s Analytics has slashed India’s GDP growth to 5.5% for 2013 and 6% for 2014 |
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Taxman's Helping Hand |
A unique acknowledgement number with an assurance to resolve tax-related grievances has been introduced |
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Think Before You Sign |
Banks are not only naming and shaming the loan defaulters but their guarantors too to recover dues |
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The IPO Trickle |
Fundraising through IPOs is expected to gather some momentum in the coming months |
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The Quadrillion Dollar Mistake |
What would you do if you became the world’s first quadrillionaire |
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Donald’s Trump Card |
Donald Trump, chairman and president of Trump Organization has announced his foray into the Indian realty market |
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KYC Norms for E-insurance |
Information from e-KYC process can be considered by insurers issuing e-insurance policies |
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More Teeth to Bite |
The central government has approved SEBI Act granting more powers to market regulator |
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Fundamentals Do Matter |
Companies with strong fundamentals have outperformed the broader markets. |
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Cheques And Balances |
The Negotiable Instruments Act is going to be amended soon. |
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Will He, Won't He |
RBI has retained the key policy rates citing high food inflation, rupee depreciation and uncertainty over foreign fund inflows. |
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Belling The Cat |
The much awaited Real Estate (Regulation and Development) Bill, seeking to regulate and make real estate sector more transparent has been approved by the Cabinet |
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Metro Mess |
Air quality and ground water in metros have worsened. |
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Debt Boost |
Mutual fund AuM rose to an all-time high in May. |
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Let Them Eat Cake |
India’s inflation rate for May based on wholesale price index (WPI) fell more than what analysts had expected. |
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Price Shocker for City |
Urban people have suffered more while dealing with inflation |
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Mumbai’s Sheen Intact |
Mumbai has emerged as the best commercial real estate market. |
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