StockMarket

Now, Europe and US lurch closer towards trade war
PARIS: With Italy in political turmoil, oil prices on the rise and North Korea tensions back on the burner, the last thing the global economy needs is a big lurch towards a trade war further clouding the outlook.

But that is exactly what the Trump administration faces if it does not extend temporary exemptions on steel and aluminium imports from

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The domestic equity market had a roller-coaster ride this week with the dollar and crude oil hitting higher levels and taking the market lower. However, when crude oil relented, the market bounced back immediately. The change from bearish to bullish sentiment overnight was a little surprising to all.

SBI, the country’s biggest lender reported its s

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Future Enterprises Q4 loss widens to Rs 47 crore
Kishore Biyani-led Future Enterprises' standalone net loss widened to Rs 46.73 crore for the quarter ended on March 31, 2018.

The company had posted a net loss of Rs 39.34 crore in the corresponding quarter of the previous fiscal.

Future Enterprises' (FEL) total income stood at Rs 953.05 crore in the quarter under review. It was Rs 984.97 crore in

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Like in stocks, it pays to keep an open mind on food: Shankar Sharma
Ace investor Shankar Sharma, VC - Joint MD at First Global, is brutally candid and sharply focussed. He has a take on virtually everything under the sun. Apart from stock markets, another thing which is very close to his heart is food. In an exclusive interaction with ETNOW's Nikunj Dalmia, he reveals his favourite dish, restaurant and the one
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Investors spoilt for choice: But must you join NCD bandwagon
NEW DELHI: With the equity market turning sluggish and IPO mart taking a breather, the high-yielding NCDs are creating some buzz among investors.

The Rs 12,000 crore NCD issue of DHFL received subscriptions worth of Rs 10,000 crore on the very first day. JM Financial Credit Solutions’ Rs 750 crore NCD issue will kick off on Monday.

At least five

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PFC post Rs 936 cr net profit in March quarter
State-run Power Finance Corporation (PFC) today posted a standalone net profit of Rs 936.60 crore for the quarter ended on March 31, 2018 on the back of higher revenues.

The company suffered a standalone net loss of Rs 3,409.49 in the quarter ended on March 31, 2017, a BSE filing said.

The total income in the fourth quarter rose to Rs 6,376.68

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Markets continued its surge on Friday as well.

Despite gaining nearly 190-odd points from the previous two sessions, the benchmark Nifty50 ended the week flat. The Nifty closed the week gaining 8.75 points, or 0.08 per cent, on a weekly basis.

The week that has gone by has remained quite volatile, to say the least. The index saw itself swinging

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Will IT pharma really make the most of rupee slide to benefit investors
D K Aggarwal

The slide in the rupee, in line with emerging market currencies, is increasingly being recognised as a concern for the Indian economy. This follows Fed’s signal that it would hike interest rates thrice in 2018 as the US economy is growing amid modest inflation.

Also, emerging market companies and governments combating rising cost of

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GIC Re Q4 profit plunges 71% to Rs 752 crore
Mumbai: State-owned reinsurance company General Insurance Corporation of India, or GIC Re, reported 71% drop in net profit for the quarter ended March 31, 2018 mainly due to spike in underwriting losses.

During the quarter, net profit rose to Rs 751.6 crore for the quarter ended March 31, 2018 against net profit of Rs 2,572 crore a year earlier.

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At 4, Modi gets full marks from 50% social media-savvy Indians
ETMarkets.com poll: Turns out, Modi magic is doing the talking. Prime Minister Narendra Modi's 4-year scorecard is a hit in the social media. Over 50 per cent Netizens are happy with the way he has handled things so far.

As the Modi government wraps up four years in office on Saturday, he got a thumbs-up in an online survey conducted by

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IDBI Bank’s losses widened in the fourth quarter ended March 2018 versus the previous year as bad loans continued to pile on forcing the public-sector lender to provide for potential losses, even as the bank said it will put a record Rs 21,397 crore of bad loans from large companies on the block in a desperate attempt to hasten recovery.

IDBI

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Bank of Baroda reports Q4 loss of Rs 3,102 crore as provisions spike
Mumbai: State run lender Bank of Baroda reported a quarterly loss of Rs 3102 crore at the end of March 2018 quarter at the back of accelerated slippages and the impact of the RBI February 12 circular. It had reported a profit of Rs 154 crore during the same period last year. 18 analysts polled by Bloomberg had estimated a loss of Rs 28 crore.

“We a

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Divi's Labs Q4 net profit up 0.89% at Rs 261 crore
Drug firm Divi's Laboratories today reported a 0.89 per cent rise in its standalone net profit to Rs 261.60 crore for the fourth quarter ended March 31.

The company had posted a net profit of Rs 259.29 crore for the corresponding period of the previous fiscal, Divi's Laboratories said in a BSE filing.

Standalone total revenue from operations of

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IHCL reports Rs 101 crore profit in FY 2018
NEW DELHI: Indian Hotels Company Limited (IHCL) on Friday reported a profit after tax of Rs 101 crore and consolidated revenues of Rs 4,165 crore for financial year 2017-18.

The company declared a 40 per cent dividend for the financial year amounting to Rs 0.4 per share, an increase over the previous dividend payouts of 35 per cent and 30 per

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NBCC Q4 profit falls 10% to Rs 150 crore
MUMBAI: State-owned project management consultancy firm NBCC has reported 9.7% on-year decline in consolidated net profit at Rs 150.41 crore for the quarter ended March. Total income for the quarter decreased 2.7% to Rs 2,598.18 crore.

The company’s consolidated net profit for the year ended March rose 14.3% to Rs 372.14 crore, while total income d

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Bombay High Court to hear NSE-SGX dispute on May 31
The Bombay High Court will hear the dispute between the National Stock Exchange (NSE) and the Singapore Exchange on new derivative products on May 31.

On May 21, the NSE filed a petition before the Bombay High Court against Singapore Exchange Limited (SGX) under Section 9 of the Arbitration Act seeking urgent interim relief. The relief has been

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India was the third bestperforming market among Brics nations after China and Brazil in the four years of the Narendra Modi government. The BSE Sensex rose at a compounded annual rate of 9.94 per cent since May 2014 compared with Brazil’s 10.33 per cent and China’s 11.60 per cent, data analysed by ETIG shows. India also performed much better than t
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Arshiya clocks net profit on sale of assets, loan rejig
MUMBAI: Logistics company Arshiya swung to a quarterly net profit of Rs 322.15 crore from a net loss of Rs 78 crore a year earlier, as gains from leasing out assets and restructuring of loans, offset a weak operating performance.

Revenue fell to Rs 77 crore during the quarter from Rs 79 crore a year earlier. Operating loss narrowed to Rs 52 crore

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UK Opposition wants Vedanta delisted from London Stock Exchange
The UK's Opposition, Labour Party, has called for Vedanta to be delisted from the London Stock Exchange following the death of 13 people during violent protests against the mining giant in Tuticorin, Tamil Nadu.

John McDonnell, the UK's Shadow Chancellor, said removing Vedanta Resources from the London financial markets would prevent reputational

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MUMBAI: India’s benchmark indices rose for the second consecutive session on Friday with the Nifty ending above the 10,600-mark after crude oil prices retreated. However, money managers remain sceptical on whether the rally will last given the lack of any other major positive triggers.

Oil prices fell on Friday on reports that OPEC and Russia are

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USL reports Q4 profit of Rs 211 crore
MUMBAI: United Spirits on Thursday reported net profit at Rs 211 crore for the quarter ended March, mainly due to one-off impact of operating model changes and price hikes. A year ago, the company had posted net loss of Rs104.2 crore during the same quarter.

The maker of McDowell's whiskey said underlying net sales increased even as growth from

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Prime Minister Narendra Modi's first four years in office have been anything but smooth, with the economy witnessing its own share of ups and downs.

Benchmarks Sensex and Nifty breezed past 36,000 and 11,000, respectively, this January -- that's a first. And investors smiled.

But macros worsened from time to time. Expectations were skyhigh when

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NSE gets RBI, Sebi nod to launch repo in corporate debt securities
NEW DELHI: Leading stock exchange NSE today said it has received approval from the Reserve Bank and market regulator Sebi to launch repo (or repurchase) in corporate debt securities.

Rival bourse BSE earlier this week had received similar approval from the regulators to introduce repo in corporate debt securities and it plans to commence trading

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Though the market was expected to find some stability, the Nifty traded contrary to expectations on Thursday. After making a tepid start and losing ground in the initial trade, the index rebounded sharply and nearly tested the 100-DMA. The index ended with a gain of 83.50 points or 0.80 per cent.

On technical parameters, the Nifty has defended the

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Special weekend podcast: Are midcaps value bets after the slide
Hi there

This is Saloni Goel from ETMarkets.com with your special weekend podcast on an immensely buzzing topic: yes, Midcaps!

Is the slump over or is there more pain left We know many of your are waiting to go whole hog at the first hint of a good rebound.

Over the past three months, most midcap stocks have fallen more sharply than their

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4 years of Modi govt: Market surges 41%, investors richer by Rs 72 lakh crore
The Sensex has surged over 41 per cent in the first four years of the Modi government, making investors richer by Rs 72 lakh crore.

The index has gained 10,207.99 points or 41.29 per cent, since the BJP-led NDA government came to power in May 2014. The BSE blue chip index hit an all-time high of 36,443.98 on January 29 this year.

The overall stock

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By Lionel LaurentBitcoin and other crypto-currencies make up just a tiny slice of the global economy. But that doesn’t mean regulators can ignore the wave of scams, fraud and market manipulation designed to snare gullible punters.

With U.S. law enforcers now probing trading practices such as “spoofing” – illegal and aggressive order cance

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NEW DELHI: The government is considering a proposal to disinvest another 11 public sector companies, including Delhi’s landmark Ashok Hotel, MTNL’s tower business and equipment-maker Bharat Heavy Electricals (BHEL) through a mix of long-term lease, asset and strategic sale. With NITI Aayog sharing the latest selloff list with the finance ministry,
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BEML posts Q4 profit of Rs 187 crore
State-run BEML has today posted a flat standalone profit of Rs 187.6 crore for the quarter ended March 2018.

The company had posted a standalone profit of Rs 186.4 crore in the year-ago period, BEML said in a BSE filing.

The company's standalone income during January-March quarter declined to Rs 1,264.41 crore, over Rs 1,345.67 crore in the

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Sebi eases market access for foreign investors in IFSC
New Delhi, May 24 (PTI) With a view to facilitate ease of market access for foreign investors, markets regulator Sebi today allowed 'segregated nominee account structure' in international financial services centre (IFSC) for such investors to trade on stock exchanges.

In segregated nominee account structure, orders of foreign investors will be

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