Year: 2019

Hela March 19, 2019

Kolkata: Leading gold loan non-banking finance company (NBFC) Manappuram FinanceNSE -0.28 % is expecting interest rates on its bank borrowing to decline by up to 50 basis points following the recent Reserve Bank of India notification allowing banks to lend to NBFCs with risk weightage based on the borrower’s credit rating instead of the earlier stipulation of […]

Hela March 18, 2019

NLC India declares dividend: Board of directors of the company declared an interim dividend of 45.30 percent (Rs 4.53 per equity share) for the financial year 2018-19. Mar 18, 03:22 PM (IST) Essar Steel case: NCLAT directs for implementation of Arcelor resolution plan. NCLAT granted conditional nod to Arcelor’s Rs 42,000 crore bid for company, reported […]

Hela March 17, 2019

KOLKATA: Coal stock position at power plantshave improved considerably with number of plants holding critical stocks declining to one this week. It tipped to 33 during mid-October last year. GMR’s Warora Thermal Power Station, the only plant with critical stock, however, is currently holding 4 days stock according to data compiled by Central Electricity Authority (CEA). A senior Coal […]

Hela March 11, 2019

Analysts are getting bullish on L&T Technology Services because the company has seen strong growth in the third quarter of 2018-19 as well. Its net sales in the third quarter rose 23% in US dollar terms and 36% in rupee terms. The favourable currency movement helped the company generate better margins. Not surprisingly, its net profit […]

Hela March 10, 2019

India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer against volatility in oil prices and supply disruptions for the third-largest oil consumer. Saudi’s participation in the Indian Strategic Petroleum Reserve program was discussed at a meeting between the kingdom’s Energy Minister Khalid Al-Falih and his Indian counterpart Dharmendra Pradhan in New Delhi […]

Hela March 9, 2019

Term insurance is by far the best form of financial protection. Yet, very few people are aware of it and even fewer buy it, resulting in grossly low levels of protection in Indian cities, says a study by Max Life Insurance and Kantar IMRB. Here are some key takeaways of the survey conducted last month. […]

Hela March 8, 2019

Nomura India has a buy call on ICICI Prudential Life Insurance Company with a target price of Rs 430. The current market price of ICICI Prudential Life Insurance Company is Rs 333.50. Time period given by the brokerage is one year when ICICI Prudential Life Insurance Company price can reach the defined target. Investment rationale by […]