Markets

West Bengal to host next IT sector trade union

The forum's general secretary, Rajashri Dawn, stated that despite having various heads for cost-cutting most IT companies choose labour is the only means of reducing operating costs.

Jun 23, 2019

Will Mukesh Ambani's Reliance Jio celebrate topping market by going public?

Reliance Jio may go for an initial public offering (IPO) in the second half of 2020 by when it hopes to beat Vodafone Idea to become the mobile telecom market leader.

Jun 21, 2019

HDFC to buy Apollo Munich Health Insurance

HDFC will buy 50.8 percent stake in Apollo Munich Health Insurance for 13.36 billion rupees from Apollo Hospitals Group and 0.4 percent stake held by some employees for 108.4 million rupees.

Jun 20, 2019

Apple to move massive chunk of manufacturing out of China as US trade war bites

Apple is focusing on countries like Mexico, India, Vietnam, Indonesia and Malaysia to settle their product assembling firms, said a Nikkei report

Jun 19, 2019

RBI to raise cap for easy loans under Mudra to Rs 20 lakh; will it increase bad debt?

The Pradhan Mantri Mudra Yojana (PPMY) was launched by Prime Minister Narendra Modi with an aim to provide easy loans to non-corporate, non-farm small and micro-enterprises.

Jun 19, 2019

58,000 jobs coming: Manufacture, infra to drive job growth in key cities, says report

As per the report; manufacturing, engineering and infrastructure industries will see job growth of about 8 percent in 2019-20.

Jun 18, 2019

India tweaks export priorities as US-China trade wars shape new global order

Commerce ministry study shows potential to boost exports of 350 products to the US and China markets; China could offer a new market for 151 products helping to reduce the trade gap between the two countries.

Jun 17, 2019

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Market mind's on the monsoon with one eye on budget as uncertainty reigns

Benchmark indices expected to consolidate during the wait for fresh cues; Union Budget and GST Council meetings to be watched domestically; Fed meeting, US response to India's tariff tweak, US-China trade wars and the Middle East among key global cues.

Jun 16, 2019

Adani Gas shares rise 7% on reports of Total planning to buy 30% stake

With the deal in place, Total S.A. will have almost an equal stake in the company as the founder and chairman, Gautam Adani.

Jun 14, 2019

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TCS overtakes IBM in market capitalisation

As of Monday's closing, the market cap of TCS stood at Rs 8.36 lakh crore on NSE whereas IBM was stable at Rs 8.31 lakh crore.

Jun 11, 2019

Risk aversion of mutual funds key reason for NBFC liquidity crunch, defaults

Ballooning IL&FS and DHFL crises drove mutual funds to reduce exposure to NBFCs in a big way since September sapping liquidity from shadow banks.

Jun 10, 2019

A week for stock specific action while market searches for new direction

Indices are back on even keel after exit poll results triggered a choppy ride to hit record highs twice; market may remain rangebound as no new data expected.

Jun 9, 2019

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Public confidence in mutual funds take a beating and inflows taper with imminent payouts facing uncertainty; NBFCs face soaring finance costs triggering liquidity crunch.

Jun 7, 2019

Google buys Looker in Thomas Kurian's 1st acquisition in cloud-computing business

Looker is an American data exploration and business intelligence platform founded in 2012, employing about 800 people. It had a market value of $1.6 billion in 2018.