Search Results for: banking

fm-banks-meet-uday-kotak-stresses-on-mutual-fund-rather-than-gold-and-property-investment

FM-Banks Meet: Uday Kotak stresses on mutual fund rather than gold and property investment

New Delhi, June 10 (ANI): Vice-Chairman and Managing Director of a leading private bank, Kotak Mahindra, Uday Kotak said on Tuesday that there needs to be a significant boost for India s financial savers and it is important to move people away from property and gold investments to mutual funds. Banking Secretary GS Sandhu said the government is examining all suggestions put forth by the banking institution heads. Chairman and Managing Director of Central Bank of India, Rajeev Rishi, said the discussions were mostly on funding for bank infrastructures and capitalisation and infrared ink issue was discussed in detail. Jun 10, 2014
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BSE closes points 3.48 up on June 10

New Delhi, June 10 (ANI): Trading at the Bombay Stock Exchange today closed 3.48 points up to stand at 25,583.69. At the National Stock Exchange the Nifty closed 1.80 points up to stand at 7,656.40. TTK Prestige and Gitanjali Gems were among the top gainers of Group A with an increase of 13.50% and 9.43% along with Essar Oil and Bharti Infratel with an increase of 8.41% and 6.51% respectively, while the top losers of Group A include Sobha Developers Ltd. and Pipavav Defence with a decrease of 5.94% and 4.95% along with Shree Cement and Mahindra & Mahindra Financial Services Ltd. with a decrease of 4.78% and 4.73% at the close of the markets. The Auto sector is up 2.91 points at 15,436.87 while the banking sector is down 135.69 points at 17,681.67 and the realty sector is down 66.89 points at 2,189.12. The Indian currency is up 0.15% at Rs 59.29 per dollar. Jun 10, 2014
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Jaitley holds pre-budget meeting with state finance ministers

New Delhi, June 09 (ANI): Union Finance Minister Arun Jaitley held a pre- budget meeting with finance ministers of all the states and union territories in New Delhi on Monday. He will also be holding a meeting with CMDs and CEOs of banking and financial institutions on Tuesday.To be presented in the first week of July, this will be the maiden Budget of Jaitley. Jun 9, 2014
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BSE closes points 183.75 up on June 9

New Delhi, June 09 (ANI): Trading at the Bombay Stock Exchange today closed 183.75 points up to stand at 25,580.21. At the National Stock Exchange the Nifty closed 71.20 points up to stand at 7,654.60. Unitech and Grasim Industries Ltd. were among the top gainers of Group A with an increase of 17.16% and 11.38% along with Sobha Dev and Sun TV Network with an increase of 8.96% and 8.95% respectively, while the top losers of Group A include Pipavav Defence and Godrej Consumer Products Ltd. with a decrease of 4.98% and 3.12% along with Bajaj Finserv Ltd. and MCX with a decrease of 2.96% and 2.79% at the close of the markets. The Auto sector is up 234.63 points at 15,419.15 while the banking sector is up 28.77 points at 17,817.36 and the realty sector is up 127.98 points at 2,256.01. The Indian currency is up 0.16% at Rs 59.07 per dollar. Jun 9, 2014
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BSE closes points 376.95 up on June 6

New Delhi, June 6 (ANI): Trading at the Bombay Stock Exchange today closed 376.95 points up to stand at 25,396.46. At the National Stock Exchange the Nifty closed 109.30 points up to stand at 7,583.40. TATA GLOBAL and Sobha Developers Ltd. were among the top gainers of Group A with an increase of 11.23% and 10.68% along with ONGC and Strides Arcolab Ltd. with an increase of 10.57% and 9.54% respectively, while the top losers of Group A include Muthoot Finance Ltd. and Jain Irrigation with a decrease of 2.74% and 2.71 % along with SSLT and Hindustan Copper Ltd. with a decrease of 2.53% and 1.83% at the close of the markets. The Auto sector is up 228.09 points at 15,184.52 while the banking sector is up 287.95 points at 17,788.59 and the realty sector is up 101.67 points at 2,128.03. The Indian currency is down 0.22% at Rs 59.11 per dollar. Jun 6, 2014
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Indian Shares Start on High Note, Metal Stocks on a Roll

The Indian Shares on Friday started on a high note after surging on Thursday. Additionally, European bankers have also helped the shares get a good start by introducing the sub-zero interest rates and other anti-deflation methods. Jun 6, 2014
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BSE closes points 213.68 up on June 5

New Delhi, June 5 (ANI): Trading at the Bombay Stock Exchange today closed 213.68 points up to stand at 25,019.51. At the National Stock Exchange the Nifty closed 71.85 points up to stand at 7,474.10. Havells India and BPCL were among the top gainers of Group A with an increase of 11.11% and 6.95% along with SAIL and Godrej Consumer Products Ltd. with an increase of 6.78% and 6.72% respectively, while the top losers of Group A include Max India and UCO Bank with a decrease of 6.30% and 2.16 % along with Motherson Sumi and Gujarat Mineral Development Corporation Ltd. with a decrease of 2.15% and 1.70% at the close of the markets. The Auto sector is up 114.69 points at 14,956.43 while the banking sector is down 69.04 points at 17,500.64 and the realty sector is up 13.83 points at 2,026.36. The Indian currency is down 0.07% at Rs 59.29 per dollar. Jun 5, 2014
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BSE closes points 52.76 down on June 4

New Delhi, June 4 (ANI): Trading at the Bombay Stock Exchange today closed 52.76 points down to stand at 24,805.83. At the National Stock Exchange the Nifty closed 13.60 points down to stand at 7,402.25. IDBI Bank and Suzlon Energy were among the top gainers of Group A with an increase of 16.27% and 9.85% along with Max India and Indiabulls Real Estate with an increase of 8.84% and 8.63% respectively, while the top losers of Group A include Wockhardt and Shriram Transport with a decrease of 3.89% and 3.35% along with Idea Cellular and ABB India Ltd. with a decrease of 2.86% and 2.60% at the close of the markets. The Auto sector is up 100.75 points at 14,810.6 while the banking sector is up 90.69 points at 17,569.68 and the realty sector is up 30.74 points at 2,012.53. The Indian currency is up 0.06% at Rs 59.35 per dollar. Jun 4, 2014
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BSE closes points 173.74 up on June 3

New Delhi, June 03 (ANI): Trading at the Bombay Stock Exchange today closed 173.74 points up to stand at 24,858.59. At the National Stock Exchange the Nifty closed 53.35 points up to stand at 7,415.85. Suzlon Energy and Havells India were among the top gainers of Group A with an increase of 8.70% and 8.11% along with Indiabulls Real Estate Ltd. and Tata Steel with an increase of 7.80% and 6.74% respectively, while the top losers of Group A include Mphasis and Wockhardt with a decrease of 3.85% and 3.37% along with Dr Reddys Lab and Shriram City University with a decrease of 3.07% and 2.80% at the close of the markets. The Auto sector is up 45.56 points at 14,746.42 while the banking sector is down 37.58 points at 17,472.86 and the realty sector is up 60.43 points at 1,981.79. The Indian currency is down 0.30% at Rs 59.33 per dollar. Jun 3, 2014
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BSE closes points 467.51 up on June 2

New Delhi, June 2 (ANI): Trading at the Bombay Stock Exchange today closed 467.51 points up to stand at 24,684.85. At the National Stock Exchange the Nifty closed 132.55 points up to stand at 7,362.50. Syndicate Bank and Reliance Capital Ltd. were among the top gainers of Group A with an increase of 12.13% and 11.19% along with Central Bank and Max India with an increase of 11.05% and 11.02% respectively, while the top losers of Group A include Gitanjali Gems and Aurobindo Pharma Ltd. with a decrease of 6.13% and 4.16% along with Pipavav Defence and TV18 Broadcast with a decrease of 3.40% and 3.13% at the close of the markets. The Auto sector is up 207.09 points at 14,700.86 while the banking sector is up 556.58 points at 17,510.44 and the realty sector is up 27.02 points at 1,921.36. The Indian currency is up 0.08% at Rs 59.14 per dollar. Jun 2, 2014
people-in-indias-maoist-hit-areas-pin-hopes-on-modi-government-for-safety

People in India's Maoist-hit areas pin hopes on Modi government for safety

Gaya / Gumla / New Delhi, May 31 (ANI): People living in India's Maoist-hit areas are banking upon the newly formed government of Narendra Modi for their safety and security. Maoism is one of the critical issues that Modi would have to deal with among many other problems as it continues to disrupt people's lives and property. A trader from Gumla district in Jharkhand, Anil Mishra, said the new BJP government has given hope to the people. Jharkhand is one of the Maoist-prone areas where rebels carry out activities on a regular basis and create difficulties for people to earn their livelihood. India's eastern state of Bihar has also been a witness to the extremist issue for a long time. A trader from Gaya district in Bihar, Sumit Kumar, said the new government needs to form stringent laws against Maoism to tackle the problem. May 31, 2014
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BSE closes points 16.81 down on May 30

New Delhi, May 30 (ANI): Trading at the Bombay Stock Exchange today closed 16.81 points down to stand at 24,217.34. At the National Stock Exchange the Nifty closed 5.70 points down to stand at 7,229.95. Coromandel International Ltd and Piramal Enterprises Ltd. were among the top gainers of Group A with an increase of 8.47% and 8.07% along with Max India and Mphasis with an increase of 7.68% and 7.51% respectively, while the top losers of Group A include JandK Bank and Power Finance with a decrease of 18.42% and 5.19% along with Rural Electrification Corporation Ltd and Allahabad Bank with a decrease of 5.18% and 4.94% at the close of the markets. The Auto sector is up 27.73 points at 14,493.77 while the banking sector is down 273.77 points at 16,953.86 and the realty sector is up 37.12 points at 1,894.34. The Indian currency is down 0.05% at Rs 59.06 per dollar. May 30, 2014
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