Budget 2020

Gold holds steady as dollar rally halts; eyes on Trump-Biden debate

Gold steadied on Monday as the dollar rally took a pause, while traders were on sidelines as political uncertainty built ahead of the first presidential election debate between U.S. President Donald Trump and his Democratic rival Joe Biden this week. FUNDAMENTALS Spot gold was little changed at $1,860.19 per ounce by 0107 GMT. U.S. gold […]

Budget 2020

Sensex rallies over 300 pts in early trade; Reliance Ind up 2%

Reliance Industries was the top gainer in the Sensex pack. Equity benchmark Sensex surged over 300 points in early trade on Wednesday, tracking gains in index-heavyweights Reliance Industries, Infosys and HDFC twins amid positive domestic and global cues. The 30-share index was trading 324.27 points or 0.86% higher at 38,058.35, and the NSE Nifty rose […]

Budget 2020

Google Pay, Visa partner for card-based payments with tokenisation

New Delhi: Google Pay on Monday announced the rollout of tokenisation across its platform that will enable users to safely transact with their debit or credit cards. Through tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to […]

Budget 2020

Sebi imposes Rs 1 crore fine on Rana Kapoor for disclosure lapses

Mumbai: The Securities and Exchange Board of India(Sebi) has imposed a penalty of Rs 1 crore on Rana Kapoor, former MD& CEO of Yes Bank for not disclosing encumbrance on the bank’s shares. The disclosure violation pertains to a promoter entity, Morgan Credits Private Ltd raising Rs 950 crore from Reliance Mutual Fund through unlisted […]

Budget 2020

KKR to invest ₹5,500 crore in Reliance Retail Ventures for 1.28% stake

Investment values Reliance Retail at a pre-money equity value of ₹4.21 lakh crore Investment firm KKR has decided to invest ₹5,550 crore in Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd (RIL), for a 1.28% stake, RIL said in a filing with stock exchanges. This investment values Reliance Retail at a pre-money […]

Budget 2020

Why it makes sense to try and diversify your investing style

Investing greats are often known for their unique style of investing. The moment you hear of value investing, Warren Buffett leaps to mind; Peter Lynch reminds us of growth investing; Howard Marks of distressed debt; George Soros or Stan Druckenmiller are known for their macro trades; Jesse Livermore, a trader. And the list goes on. […]

Budget 2020

Paytm Mall FY20 loss down 60% to Rs 479 crore

New Delhi: E-commerce firm Paytm Mall on Friday said its loss narrowed by 60 pc to Rs 479 crore in 2019-20 on account of reduction in assortment size, cashback and promotions. The company had posted a loss of Rs 1,171 crore in 2018-19. “During the last fiscal year, we have streamlined business operations to improve […]

Budget 2020

Borrowing by States increase 45% this fiscal

11 States raise ₹14,298 cr. via auction Eleven States raised a total of ₹14,298 crore at the auction of State government securities or State development loans (SDLs) held on Tuesday. This is ₹1,500 crore more than the notified amount of the auction as Maharashtra and Gujarat had accepted an additional ₹1,000 crore and ₹500 crore […]