Anticipating a slow down in home sales in the coming months in the wake of the crackdown on ‘black money’, housing.com will restart its rental classifieds business soon. The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had shut its rental listing last year to focus on the […]
Global financial services major Morgan Stanley said India seemed poised for a five-year growth cycle for equities due to favorable macro-economic factors. “India’s macro stability remains in its best shape in several years and policy momentum is the best since 2007. Financial conditions look easy and the inflation trajectory suggests more rate cuts are in […]
[polldaddy poll=9575194] Expect the unexpected is the case what we see in gold price today. The country saw a sudden hike in the gold price today as Rs 30,820 for 10 grams from yesterdays price of Rs 30,024. The price for 10 grams has rose by 796 rupees from yesterday in India. UPDATE: As of […]
Venture Factory, a Bangalore based venture builder platform, said it has introduced a entrepreneurial program which is aimed at middle and senior management level executives who will work under the company’s payroll to setup their entrepreneurial venture. The program, christened Entrepreneur-in-Residence program, has started inviting applications from middle and senior management level executives with strong domain […]
L&T Technology Services Ltd will open its initial public offer of up to 10.4 lakh equity shares on Monday. The shares will be sold by the parent Larsen & Toubro, the company said. Each share of the company, which provides technical design services, will carry a face value of Rs 2 and will be offered […]
Equity markets across the globe, including and particularly emerging markets, will see a relief rally if the US Federal Reserve puts off a rate hike today, said Rohit Gadia, Founder & CEO, CapitalVia Global Research. US Fed will conclude its policy meet today and give clarity on the much debated rate hike. Indian markets are […]
The current volatility in the stock market is a good opportunity to put money into shares, said Aashish Somaiyaa, CEO of Motilal Oswal Asset Management Company. He said India continued to be in a ‘long term bull’ market and the fundamentals of the economy continue to be robust. “Any extraneous development which gives an opportunity […]
With the market showing extreme volatility, the Indian Oil Corporation’s offer for sale of 24.3 cr shares did not get adequate response from retail investors. Though 20% of the offer was exclusively reserved for retail investors, the company managed to get subscriptions for only about one-fifth of this quota. A 5% discount was also offered […]
Qyk, the fastest growing hyper-local professional services startup in India announced a $1 mn pre-series A investment led by growx ventures, an early stage investment firm. Existing seed investors – Tracxn Labs, Powai Lake Ventures, and Sahil Barua — co-founder, Delhivery — also participated in this round. Qyk’s app offers professionals such as event planners, […]
Indian stock markets saw the biggest absolute decline (in terms of index points) today, with the benchmark BSE Sensex declining 1624 points and the Nifty down 491 points, or about 6%. The sell-off was triggered by global capital shift away from equities, which have been going up more or less uninterrupted for nearly five years. […]
Federal Bank said customers can now avail loans against fixed deposits through its online platform, and that the first 3,000 customers will get interest rate concessions. “Fed-E-Credit is an online loan against deposit, and is the first in the series of online loan products planned by the Bank,” it said. Through Fed-E-Credit, customers can apply […]
Institutional Investor Advisory Services India Limited (IiAS) has said that many Indian companies are disregarding the boundaries imposed on related party transactions brought in by new SEBI norms brought in over the last few years by passing vague enabling resolutions. IiAS is India’s leading proxy advisory firm and offers voting recommendations on shareholder resolutions. It […]
IDBI Bank has reduced the interest rates on Retail Term Deposit by 40 basis points (0.4 percentage points) on fixed deposits with maturity of more than 6 months and up to 270 days. For maturity periods of over 271 days, it has reduced the interest rates by 25 basis points. Senior citizens would get interest […]
Bangalore-based Ujjivan Financial Services has become the first microfinance institution in India to raise funds directly from mutual funds, and that too one of the largest mutual funds in India. It raised Rs 50 cr from an unnamed mutual fund by placing ‘commercial paper’ (a kind of debt). “This is the first CP issuance by […]
Indian stock markets, which have gained 40% over the last 18 months over the election of a strong government at the center, looks ripe for a deeper correction, a report by Business Monitor International (BMI – part of the Fitch Group) said. “Indian equities are looking precarious, and a deeper correction looks highly likely as […]
Bangalore has overtaken Mumbai as the home to the biggest start-up investment scene, attracting about 30% of angel funding in India, said a report on ‘Angel Investing’ brought out by InnoVen Capital India and Association of Indian Angel Groups (AIAG). India Angel Report 2015 also found that the median angel funding round grew to Rs […]
Lodha Developers, which describes itself as the largest real estate developer in the country, said it has got more applications for its upcoming Prime Central Thane residential project than the number of units on sale. Against around 2,000 1- and 2-bedroom homes, it got applications for 2,500 in the nine-day IPO style event, it said. […]
CRISIL Research expects India Inc results for the quarter ended June 30, 2015, to disappoint as soft commodity prices, weak growth in investment-linked sectors, and subdued rural demand restrict earnings. “Our analysis of 600 companies (excluding financials and oil & gas), which account for 70% of overall market capitalisation, shows only a mild 3% uptick […]
United Bank of India has cut its fixed deposit rates by 0.25 percentage points from July 6 onwards. With this, the Bank now offers rates of 7.25% interest for deposits up to 269 days (from 180 days) and up to 7.75% for 270-365 days. Above one year, United Bank of India offers interest rates of […]
North India-based real estate developer Antriksh Group has introduced a unique concept under which you can buy a flat by paying Rs 10,000 online, and pay remaining at the rate of 0.9% of the value per month. The scheme is applicable on 5th July for its “Urban Greek” project in Dwarka in Delhi. “Urban Greek” […]
