Budget 2020

Applying for IPOs? 7 things you must do to ensure your money is safe

The primary market has been buzzing with the stellar response to two latest initial public offerings – that of new-age IT firms Happiest Minds and Route Mobile. Three more from Chemcon Speciality Chemicals, CAMS and Angel Broking are hitting the market this week to raise an aggregate Rs 3,100 crore. There are hopes that a […]

Budget 2020

Mukand Ltd to cut debt by Rs 1,200 crore post divestment in joint venture MSSSL

Mumbai: Specialty steel manufacturer, Mukand Ltd’s debt levels will be coming down by more than Rs 1,200 crore as the divestment of up to 51 per cent equity stake held in Mukand Sumi Special Steel (MSSL) to promoter group entities will be completed by next year. “This divestment will be completed in tranches over the […]

Budget 2020

‘PSBs pip private banks in retail credit inquiries’

State-run lenders are seeing faster pick up in retail credit inquiries than their private counterparts on quicker reopening of branch network, a report by a credit information company (CIC) said. Despite inroads made by digital alternatives, through which lenders are receiving inquiries and even disbursing loans online, branch offices continue to play an important role, […]

Budget 2020

International Funds: ‘Global diversification makes investors’ portfolio more holistic’

-By Rajat Jain Like investors across the world, investors in India have a strong home bias – that is, most, if not all, of their investments are in India. While the Indian economy has been doing well over the medium term, the fact is that our GDP is just over 3% of the world GDP, […]

Budget 2020

Granules India gets USFDA nod for sleep aid drug

New Delhi: Drug firm Granules India on Friday said it has received the US health regulator’s approval for Naproxen Sodium and Diphenhydramine Hydrochloride tablets, used for relief in occasional sleeplessness associated with minor aches and pains. The approved product is the generic equivalent of Aleve PM tablets of Bayer HealthCare LLC. The US Food and […]

Budget 2020

Rupee skids 20 paise to 73.58 against U.S. dollar

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.04% to 93.61. The rupee depreciated 20 paise and settled at 73.58 (provisional) against the U.S. dollar on Tuesday tracking negative domestic equities. At the interbank forex market, the rupee opened on a weak note at 73.50, then fell […]

Budget 2020

Rural agricultural households and their search for steady income

By Uma Shashikant We met this young couple who migrated to the city leaving behind the family in the village. They live with the guilt of not being near their parents. They bear the burden of being blamed as chasers of money and material. But their side of the story is quite worth telling. Those […]

Budget 2020

With 3 new members in MPC, what to expect in RBI money policy on Oct 1

NEW DELHI: RBI money policy review next week will be crucial. The policy review has come at a time when central banks globally are suggesting the need for more stimulus to help slowing economies. The US Fed, in fact, relaxed its inflation-setting target in its recent policy review to give growth a chance in the […]