Tata Steel chief TV Narendran tells Modi government to focus on ‘cost of business’ to…
Narendran urged to make sacrifices to make the company sustainable, profitable and competitive. (Reuters)The chief executive officer and managing director of Tata Steel, T V Narendran has suggested to the government to focus on “cost of…
Sensex extends weakness, down over 150 points; Tech Mahindra, Reliance fall
The domestic stock market remained weak as 2019 is coming to an end amid muted activity worldwide amid year-end holidays.The equity benchmark Sensex on Tuesday fell over 200 points in the early trade tracking weak global cues as holiday…
Startups IPO: Soon get a piece of startup wealth as young companies turn to stock exchange listings
The source of capital for the majority — 42.9 per cent startups in India was family and friends.Indian stock exchanges are likely to see a spurt in startup listings as nearly 58 per cent of Indian startups are planning to list on…
Stock market outlook 2020: Fiscal stimulus on offing; here’s what more is expected
Dalal Street is in for exciting times in 2020, if the government, which is reported to be considering rolling back or rationalising a host of taxation on securities transactions, are finally realised. While challenges from the year gone…
Govt cuts import duty on crude, refined palm oils, SEA disappointed
The duty cut has been made under the Asean agreement and the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA), the notification said.The government on Wednesday slashed the import duty on refined palmolein to 45% from…
Onion prices: Nafed, Maha FPCs to set up 25 storage clusters to deal with crisis
The Rs. 25-crore project will see the government investing 50% while the rest will be raised by Nafed and FPCs.MahaFPC — the apex body of farmer producer companies in Maharashtra is taking its JV with Nafed — MahaOnion to the next level.…
Lakshmi Vilas Bank appoints S Sundar as interim MD and CEO
LVB had been in the news with the bank facing severe capital crunch and deteriorating asset quality.Lakshmi Vilas Bank (LVB) has appointed S Sundar, its chief financial officer, the interim managing director (MD) and chief executive…
Analyst Corner: Nifty expected to remain in 12,000-12,300 range
The Nifty ended 2019 on a strong note as it gained 12% to close near 12,150 zones, while the Sensex gained 14% to settle above 41,000 levels.The Nifty opened with marginal loss and breached its sequence of making higher highs, higher…