Oneindia.in - Money News

Gold futures drops as QE3 hopes fizzle out

Fri, 24 Aug 2012 13:50:56 +0530

Gold Futures dropped on the MCX after hitting a record on Thursday, tracking weak overseas gold prices. MCX gold was trading at Rs 30764, down Rs 39 over the previous close. The metal had hit a high of Rs 30,810

Plastic currency notes to be introduced on trial basis

Fri, 24 Aug 2012 12:01:02 +0530

The Government of India and Reserve Bank of India (RBI) has decided to introduce Rs. 10 notes in polymer/plastic on a field trial basis. The Reserve Bank of India (RBI) has informed that field trial is proposed to be conducted

Growth in 2012-2013 to be around 6.5%: RBI

Fri, 24 Aug 2012 11:06:01 +0530

The RBI has said that growth in 2012-13 is expected to stay below trend at around the previous year's level of 6.5 per cent. "Growth outlook remains weak as factors that slowed down growth in the previous year persist and

Inflation to remain sticky: RBI

Fri, 24 Aug 2012 10:21:05 +0530

The Reserve Bank of India has said that inflation is likely to remain sticky at around 7 per cent with upside risks emanating from deficient monsoon, large upward revision in Minimum Support Prices (MSP) on the back of cost escalation and

IFCI slips 13% on govt decision to convert debentures to equity

Fri, 24 Aug 2012 10:18:29 +0530

The shares of the company dropped by 13% on government decision to convert debentures to equity. The Union Cabinet today approved the proposal to exercise the option by the Government to convert Rs 400 crore and Rs 523 crore Optionally Convertible

Markets open lower tracking global cues

Fri, 24 Aug 2012 09:28:53 +0530

Bechmark indices were trading lower today tracking Asian markets, which were trading in the red, as outlook for global economic growth continued to fade. The BSE Sensex was trading lower by 68 points at 17782 points, while the Nifty was

ICICI Bank rolls out 25 electronic branches

Fri, 24 Aug 2012 09:18:31 +0530

ICICI Bank Limited, India's largest private sector bank, on Thursday announced the launch of new technology-based initiatives to make banking simple and effortless. The Bank has since its inception leveraged technology to provide convenient and easily accessible banking services through a

Stock picks for August 24, 2012

Fri, 24 Aug 2012 08:47:36 +0530

Markets are expected to open lower in line with Asian market. Here are a few stock ideas with a long-term perspective in mind. ABB Firstcall Research is bullish on ABB and has recommended buy rating on the stock with

Markets end flat; Reliance drops

Thu, 23 Aug 2012 15:19:30 +0530

After trading higher for most of the day, markets shed gains in late trade, following a subdued trend in Europe. The BSE Sensex closed the day higher by 3 points, while the Nifty ended the day higher by 2.50 points.

SBI Debt Fund Series - 90 Days - 69 Floats On

Thu, 23 Aug 2012 13:42:29 +0530

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days - 69, a close ended debt scheme with the duration of 90 days. Investment Objective: The investment objective of the scheme is

IT stocks rally; TCS hits lifetime high

Thu, 23 Aug 2012 12:56:53 +0530

Shares of TCS surged today to touch a lifetime high following sustained buying in the counter. The shares touched a 52-week high of Rs 1320 on the National Stock Exchange. IT counters surged today with Infosys and Wipro also in

Silver futures rise by Rs 1000 per kg

Thu, 23 Aug 2012 12:04:31 +0530

Silver futures surged on MCX on Thursday on firm global cues and increase in physical demand. Sentiment of gold, silver rallied following the Minutes of the Federal Reserve Meeting which suggested easing measures in the US. The minutes from the Fed's

Gold futures hits record of Rs 31,029 on easing optimism

Thu, 23 Aug 2012 11:25:09 +0530

Frenzied buying following hopes of a Federal Reserve quantitative easing programme, send gold prices to a new historic high with gold futures hitting a new record of Rs 31,029 per 10 grammes. Internationally, gold rose above $1,660 an ounce for

Rupee at one week high on Fed easing hopes

Thu, 23 Aug 2012 10:16:43 +0530

Hopes of easing raised by the Federal Reserve in its minutes of meeting saw the rupee gain, tracking strong gains in the euro. The rupee gained almost 0.50% to trade at 5.22 against its Wednesday's close of 55.50. Trading however

Banks strike: ASSOCHAM puts loss at Rs 15,000 cr. per day

Thu, 23 Aug 2012 10:16:35 +0530

The Associated Chamber of Commerce and industry of India (ASSOCHAM) on Wednesday urged the United Forum of Bank Unions (UFBU) to call off its decision to go on strike today. "Already, the complete halt of banking transactions today following UFBU's

RBI, 926 branches of banks to accept Advance Income Tax

Thu, 23 Aug 2012 10:01:38 +0530

RBI and 926 branches of banks to accept advance income tax in Mumbai and Navi Mumbai. Advance Tax is part payment of one's tax liability before the end of the fiscal year. The provisions of the Income Tax Act make

Markets open higher on Federal Reserve hopes

Thu, 23 Aug 2012 09:31:44 +0530

Markets opened the day steady, with a slight positive bias, after Asian markets rallied following the Minutes of the Federal Reserve Meeting which suggested easing measures in the US, unless the economy improves significantly. The BSE Sensex gained 80 points

ConocoPhillips to sell 30% stake in Russian JV to Lukoil

Thu, 23 Aug 2012 09:30:57 +0530

ConocoPhillips Company, an American multinational energy corporation, is planning to sell 30 per cent stake in its Russian joint venture Naryanmarneftgaz to its partner, Lukoil. The deal is expected to fetch USD 400 million profits (after tax).The Timan-Pechora province venture

IDBI Bank launches floating rate term deposits

Thu, 23 Aug 2012 09:02:07 +0530

IDBI Bank on Wednesday launched a customer-friendly product in the form of Floating Rate Interest on Retail Term Deposit (FRTD). This is intended to help the customer leverage the upside of an increase in interest rates and also hedge floating

Stock picks for August 23, 2012

Thu, 23 Aug 2012 08:41:23 +0530

Markets are expected to open in the green, following hints from the Minutes of the Federal Reserve meeting, which suggested more measures to boost the sagging US economy. Here are a few stock ideas with a long-term perspective in mind.