MUMBAI, Jan. 23 -- A stronger dollar and a stalled earnings revival combined to drive foreign funds out of India in the October-December period, with their holding in top Indian companies falling to a 10-quarter low (see graphic). In the October-December quarter, the BSE 500 index shed 4.45%,the biggest such quarterly decline since September 2015.
FIIs are selling because the dollar is strengthening, said Dipen Sheth,head of institutional resear... Read More
MUMBAI, Jan. 23 -- BSE Ltd, Asia's oldest stock exchange, has analysts on its side ahead of an initial public offering (IPO) seeking to raise as much as Rs 1,243.4 crore.
According to market analysts, the valuation at which BSE is seeking to raise the money is reasonable compared to that of its only listed rival-the Multi Commodity Exchange of India (MCX).
BSE will sell shares in a price band of Rs 805-806 in the three-day IPO that opens on Mon... Read More
NEW DELHI, Jan. 23 -- Banks have cut lending rates in the last few weeks as liquidity in the banking system has risen significantly following demonetisation. If you are planning to borrow from a bank, you should do well to know that lenders consider your credit history before approving your loan. Banks source the information from credit bureaus.From January, the Reserve Bank of India has made it mandatory for such agencies to provide individuals ... Read More
Mumbai, Jan. 23 -- BSE Ltd, Asia's oldest stock exchange, has analysts on its side ahead of an initial public offering (IPO) seeking to raise as much as Rs1,243.4 crore.
Stock market analysts say the valuation at which BSE is seeking to raise the money is reasonable compared to that of its only listed rival-the Multi Commodity Exchange of India (MCX).
BSE will sell shares in a price band of Rs805-806 in the three-day IPO that opens on Monday.
... Read More
New Delhi, Jan. 23 -- The Supreme Court will on Monday hear a plea seeking postponement of Union Budget presentation ahead of the upcoming assembly polls in five states.
Manohar Lal Sharma, who has filed a plea seeking postponement of the Union Budget to March, earlier on January 20 asked the apex court for more time to reply in the matter.
Sharma in his plea stated that the people would face a lot of problems due to the upcoming assembly elect... Read More
Monrovia, Jan. 23 -- Liberia Revenue Authority (LRA) Commissioner for Domestic Tax Darlingston Talery has applauded revenue-collecting government's Ministries, Agencies and Commissions (MACs) for their contributions to the national budget for the first half of the 2016/2017 fiscal period.
"We are pleased, but we are not complacent," Commissioner Talery said, adding, "we can do more and we must work hard to meet our revenue targets."
Mr. Talery ... Read More
Liberia, Jan. 23 -- In recent time, I wrote two articles which were aimed at appraising Liberia's current economic model that is being used to quote on quote "lift thousands of Liberians out of poverty". We argued that, the current economic system, in its crude and hybrid forms is anti-people.
It has no determination to minimize mass poverty. Instead, it is only meant to amass wealth for the false bourgeoisies (President, Vice President, Speaker... Read More
Bhopal, Jan. 23 -- Chief Minister Shivraj Singh Chouhan said on Saturday that law will be enacted in the State to provide land to the houseless people for construction of house in the next budget session. Moreover 1000 seater and 500 seater modern girls education campuses will be opened at divisional headquarters and district headquarters respectively to provide educational facilities to the students of tribal community.
He further mentioned tha... Read More
LOHARDAGA, Jan. 23 -- Chief Minister Raghubar Das a day ahead of presenting annual Budget has reiterated that the poor, youth, women and rural welfare are going to be some of the focus areas of his Government for the next one year.
Addressing the Development Festival-cum-Fair and Sanitation Program in Lohardaga on Sunday, he also considered the upliftment of Tana Bhagats who played a pivotal role in freedom struggle.
"The Government means devel... Read More
Ranchi, Jan. 23 -- The Raghubar Das Government is all set to present its Budget for 2017-18 on Monday in the Assembly which is going to have special mention about socially backward classes of the State.
Indications suggest that the Government would be presenting separate budgetary estimates targeted to SC, ST and OBC for this time like it did for women and agriculture sector on the previous occasion. Chief Minister Raghubar Das who would be read... Read More