NHPC To Sell 13.6% through IPO

National Hydroelectric Power CorporationOn Thursday, a banker to the deal

Reliance Mutual Gets Back On Track

Reliance Mutual FundThe fight for the leading outlook in the mutual fund business s

RBI Rate Increase Turns Car Loans Pricey

Reserve Bank of IndiaWith RBI rates increase, car loan providers have raised interest rates by 75 to 100 basis points. The enhancement would mean a monthly increase of Rs 50 for a five-year loan having a daily rest basis.

ICICI Bank’s direct selling agents (DSAs) said they have accepted an official report from the bank on the cost increase effective from Monday. Rack rates are inclusive of DSA commissions.

The officials stated, “We used to lend at rack rates of 15% per annum, we are now been told that the new rates will be 16% effective from Monday.”

Is Mumbai Ready To Be A Global Financial Hub Or Not?

Is Mumbai ready to be a global financial hub or not? This question will be answered by the Union Cabinet shortly.

There are a number of recommendations to enable Mumbai join the league of London, New York and Singapore as one of the premier IFCs of the world, from the high-powered expert committee (HPEC) on making Mumbai an international financial centre (IFC). The report submitted to the FM (finance minister) on Tuesday will be out before the Cabinet shortly.

According to HPEC, the Indian purchases of international financial services (IFS) touched $13 billion in 2005 and are expected to be in the range of $50-70 billion by 2015. Therefore, it has been stated that “if the country does not proceed on establishment of an IFC, the revenues will go to other IFCs”.

Rupee Could Become Dictating Asian Currency

Currency of IndiaThe foreign broking firms opine that the Indian currency could become commanding currency in Asia. This reckoning came a day after an expert committee made out a case on Monday for making the rupee fully convertible before the end of 2008.

Air India-Indian Employees To Get Employee Stock Options

The Air India-IndianAir India amalgamation, blustered as the major conjoining in the Indian skies. It may bring a windfall to more than 32,000 workforces of both the companies. Post-merger, the administration is planning to give out employee stock options (Esops) to their employees.
A government official stated that the newly engaged company is named as ‘National Aviation Company,’ which owns up 7.32 crore shares, and a paid-up capital of Rs 73.25 crore.
The total number of shares has been attained after arrogating an exchange proportion of 8:1 that entails eight shares of the blending groups equivalent one share of the new entity.


News in Focus

DLF, Godrej Properties, Kolte Patil, Brigade, Mahindra, Oberoi Realty report 4% QoQ Sales Increase

DLF, Godrej Properties, Kolte Patil, Brigade, Mahindra, Oberoi Realty, Prestige, Purvankara and Sobha Developers are major listed real estate companies in India, dealing with mainly housing segment

Mayur Uniquoters can offer 20% returns: Sharekhan and East India Securities

Mayur Uniquoters has witnessed decline in the recent quarters but Sharekhan analysts are confident that the company can offer 20 percent returns from the current levels.

Indian Markets Remain Weak on Monday, PNB Touches 52-week low

Indian markets remained in the red for most of the day on Monday. Markets don’t have any major trigger but Indian indices are trading near their all-time high.

Real Money Gaming Industry Is On The Rise

The art of gaming is one fun, thrilling, and exhilarating experience that never disappoints those who have had it before.

100 New Airports Will Boost Tourism and Hospitality Sector in India

Indian government has announced many ambitious projects over the last five years.

PE Inflows in Indian Retail Touch 5-Year High in 2019: ANAROCK Report

Despite tepid consumer spends, the total PE inflows into Indian retail hit a new high in 2019 among all five years between 2015 to 2019.

Titan Company Buy Call by Mitesh Thakkar and Ashwani Gujral Suggests Buy Call for SBI: Short Term Market Trades

Ashwani Gujral has given Buy call for State Bank of India with target price of Rs 345 and stop loss of Rs 330 for short term traders.