Articles by Besta Shankar

Govt to launch third tranche of gold bond scheme on March 8

In the second tranche, it had received 3.16 lakh applications for 2,790 kg of gold valued at about Rs 726 crore.

Mar 5, 2016

RBI unlikely to cut policy rates before April: Reuters poll

In 2015, the RBI had surprised the markets by announcing a 25 basis points cut in repo rate, just a few days after the presentation of budget.

Mar 5, 2016

Air India Express to post Rs 250 crore profit for this fiscal: Report

The airline has been able to maintain a passenger load factor of 83 percent, despite increased competition from domestic players.

Mar 5, 2016

Crude oil prices likely to hit $55 per barrel in 12 months

However, oil prices are likely to remain under pressure in the short term.

Mar 4, 2016

Beaten-down BSE 500 stocks return decent gains in 3 days

While Suven Life shares posted 33 percent gains, share prices of Delta Corp, Marksans Pharma and Hathway Cable went up by 27 percent each.

Mar 4, 2016

PepsiCo bottler to issue Rs 1,000 crore IPO: Report

The company is reportedly planning to utilise the funds raised through the IPO, to be issued in early 2017, to expand its bottling operations.

Mar 4, 2016

Adani Group in talks to buy Jindal Power for Rs 20,000 crore: Report

A report by The Economic Times said that Jindal group will use a major part of the deal amount to trim the debt of its steel subsidiary.

Mar 4, 2016

Mumbai home to most ultra-HNIs in India: Wealth report

In the past 10 years, the growth in India's ultra-high-net-worth individuals outsmarted its global peers with a 340 percent rise over just 61 percent increase globally.

Mar 3, 2016

Gain in rupee, rate cut hopes lead Sensex rally for 3rd day

Indian stocks gain for the third straight day as investors find India a relatively better buy than many of the other emerging markets.

Mar 3, 2016

Govt may examine asset or stake sale in 80 PSUs

To expedite stake sale, the government will exempt buyers from getting some clearances, said an Economic Times report.

Mar 3, 2016

India received record investments from private equity firms last year

Investments in consumer technology went up 46 percent to $6.9 billion last year.

Mar 3, 2016

Reliance Industries' market cap to hit $100 billion in 3-4 years: Morgan Stanley

The brokerage maintains an overweight stance on RIL with a price target of Rs 1,329 in the next 12 months.

Mar 2, 2016

Moody's cuts China's rating outlook to negative

The agency said the Chinese authorities' credibility to implement reforms is at risk due to incompletion or partial reversal of some reforms.

Mar 2, 2016

Idea-Videocon spectrum deal may be 'restructured' due to tax issues: Report

In its budget presented this week, the government proposed to levy service tax on spectrum trading deals starting June.

Mar 2, 2016

Sensex gains 1,240 points in 2 days

The gains are supported by a rally in global markets and an appreciating rupee, besides hopes of a rate cut by the RBI.

Mar 2, 2016

Road ministry plans Rs 50,000 crore loan from LIC for expressways: Report

Finance Minister Arun Jaitley had allocated Rs 55,000 crore to the road ministry in the budget for the next fiscal year.

Mar 2, 2016

RBI likely to cut key lending rate by 50bps this year: UBS

The status quo on the fiscal consolidation path has created room for RBI to cut interest rates in the coming months.

Mar 1, 2016

Sensex rebounds by 777 points on RBI rate cut expectations

The status quo on the fiscal consolidation path will enable the RBI to cut interest rates in the coming months.

Mar 1, 2016

First-time home buyers to get additional tax benefit from April 2016

According to experts, first-time home buyers in non-metro cities will gain most from the tax benefit.

Mar 1, 2016

Walmart, Tesco to benefit from 100% FDI in multi-brand processed food retailing

The companies will need to get clearance from the Foreign Investment Promotion Board to own 100 percent stake in a business.

Mar 1, 2016