Analysts sound alarm as 'lot of gambling happening in low grade stocks'

New Delhi (IANS) There is a lot of gambling happening in the market now in low grade stocks and these should be avoided, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Investors should take cues from the wisdom…

Apple iPhone maker Foxconn to invest $1.5 bn in India

New Delhi (IANS) Taiwanese contract manufacturer Foxconn plans to invest $1.54 billion in India, as the country doubles down on local manufacturing.

In a stock exchange filing, Foxconn said that the investment will help it fulfill “operational…

BharatPe turns EBDITA positive for first time

New Delhi (IANS) BharatPe turned EBDITA -- earnings before interest, tax, depreciation and amortisation -- positive in October with an annualised revenue of Rs 1,500 crore, which represents a 31 per cent increase over the same period of the previous…

RBI to maintain repo rate at 6.5%: Experts

Chennai (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will continue with the 6.5 per cent repo rate and will not change its stance at its upcoming meeting next month as the inflation will average about 5.5 per cent for the…

FIIs not putting incremental flows into India midcap stocks since Aug

New Delhi (IANS) The big deployment by foreigners into India Midcap funds peaked in the week ending September 13. They haven’t done any incremental deployment since the past two months, as per a report by Elara Securities.

All incremental India-dedicated…

Sectors like jewellery, apparel, hotels, aviation to gain traction with the onset of wedding season

New Delhi (IANS) With the onset of wedding season, sectors like jewellery, apparel, hotels, aviation and other related industries are likely to gain traction.

"Next week, we expect some momentum in market to return as investors will take cues…

Big market for NPOs to raise funds

New Delhi (IANS) Change in nomenclature from 'social auditor' to 'social impact assessor' is not just replacement of words but overall change in the way of working of NPO. It's not just about verifying whether utilisation was done…

India’s forex kitty rises by $5 bn in a week

Mumbai (IANS) India's foreign exchange reserves increased by $5.077 billion to $595.397 billion for the week ended November 17, the latest data released by the RBI showed on Friday.

The forex kitty had fallen by $462 million to $590.32…

AIBEA defers two strike calls, retains all India call for 19-20 January 2024

Chennai (IANS) The All India Bank Employees Association (AIBEA) on Saturday said it has deferred its bank wise and state wise strike call given earlier demanding adequate recruitments by the banks.

According to AIBEA's General Secretary…

Govt makes phased blending of compressed bio-gas with CNG, PNG mandatory

New Delhi (IANS) The National Biofuels Coordination Committee chaired by the Union Petroleum Minister has announced the introduction of phase-wise mandatory blending of Compressed Bio-Gas (CBG) in CNG (transport) and PNG (domestic cooking) segments…