Marketing

Court Asks Hotel Leela Venture To Pay Rs. 258 Crore Royalty To Airports Authority

New Delhi: The Delhi High Court on Monday upheld its single judge decision asking Hotel Leela Venture Ltd to pay Rs. 258 crore to Airports Authority of India (AAI) as royalty for possession of its property near Mumbai International Airport. “We affirm the destination reached by the single judge notwithstanding the route taken not being reflective of the journey undertaken ... Read More »

Gammon India Spurts 9% After Bagging NHAI Order

Mumbai: Shares of infrastructure firm Gammon India surged nearly 9 per cent today after the company won a Rs 870-crore contract from NHAI for widening of a highway in Karnataka. Opening on a positive note, the stock gained 8.90 per cent to settle at Rs 15.90 on BSE. At NSE, shares of the company jumped 8.84 per cent to end ... Read More »

India Cements Surges To 52-Week High

New Delhi: Shares of India Cements today surged to its 52-week high level after the company reported a 16 per cent jump in standalone net profit for the April-June quarter. India Cements today posted a 16.34 per cent jump in standalone net profit to Rs 43.98 crore in the quarter ended on June 30. The company’s net profit during the ... Read More »

RBI To Make Funds Transfer Via Smartphones Easier

Hyderabad: The Reserve Bank of India (RBI) on Monday said it will become easier in the coming weeks for people to transfer funds between bank accounts through their smartphones. Speaking at the IDRBT Banking Technology Excellence Awards function, RBI Governor Raghuram Rajan also made a case for tax benefits to merchants for promoting digital transactions. Leveraging the high mobile density, ... Read More »

When Your Computer’s Location Could Deny You A Loan!

A high ratio of credit defaulters in your neighbourhood could be bad news for you. There was a time when banks used a handful of information to assess the creditworthiness of the borrower. With the introduction of credit score, the lending industry saw a huge revolution. Banks and other financial systems relied on credit reports to reduce the risk of ... Read More »

PF Body May Invest Up To 12% In Equities, Says Minister

Hyderabad: Buoyed by strong stock markets, Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation may invest up to 12 per cent of its investable amount in equities over a period of time. According to the minister, as of June 30, retirement fund body EPFO invested Rs 7,468 crore in two index-linked ETFs (exchange-traded funds) – one to ... Read More »

Earnings, Monsoon Session Of Parliament To Set Agenda For Markets: Experts

New Delhi: Quarterly earnings from blue chip companies such as Wipro and HDFC Bank, progress of rains and proceedings of the monsoon session of Parliament will be the key themes for the stock market during the week from July 18 to July 22, say experts. “This week, all eyes will be on the GST Bill in Parliament, next batch of Q1 earnings and progress ... Read More »

HDFC Bank, 7 Other Firms Add Rs 57,965 Crore To Market Value

New Delhi: Combined market valuation of eight of the top ten most valued Indian companies surged by Rs 57,965.56 crore during the week ended July 15, amid a positive broader market trend. Barring Infosys and Sun Pharma, the rest of eight companies saw a jump in their market capitalisation (M-Cap) for the week. The M-Cap of HDFC Bank, which was ... Read More »

Equity MF Investments Fall Over 71% In June Quarter

New Delhi: Investments in mutual fund equity schemes plunged over 71 per cent year-on-year to Rs 9,400 crore in the first quarter of the current fiscal year, largely due to market volatility. In comparison, MFs had witnessed inflows of Rs 32,933 crore in equities during the April-June period of the previous fiscal year (2015-16). According to data from Association of ... Read More »

Foreign Investors Pour Rs 9,700 Crore Into Capital Markets This Month

New Delhi: Foreign investors have brought in over Rs 9,700 crore into the Indian capital markets in the first two weeks of this month on improving prospects for the economy and hopes of better corporate earnings. Interestingly, most of the incoming investments are in the debt markets during the period under review. The investment in July is followed by an ... Read More »