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The Bad News For The Markets Never Seems To End
After receiving a jolt since Oct 1, markets seemed to be finally finding their feet, after the IL&FS default saga and liquidity crunch at NBFCs. Last Friday, the Sensex rallied a huge 700 points, and there was follow-up buying on Monday

Reliance Industries Announces Q2 2018 Results; Meets Analyst’s Estimates
The Reliance Industries Limited (RIL) announced its September 2018 quarter results and it meets analyst's estimates. The company reported a net profit of Rs 8,859 crore for September 2018 as against Rs 8,820 crore during the previous quarter (quarter-on-quarter basis), up

Nifty Plunges 130 Points; Snaps 3-day Rally
Benchmark indices ended the day lower, after a solid 1,000 points rally on the Sensex in the last three trading sessions. Today's fall was despite a robust rally in the US markets, which saw the Dow Jones surge by a whooping

Panic Grips Shares Of Finance Companies Again; Prices Fall
It was another day of panic in shares of finance companies and banks, with investors dumping shares of these outfits once again. Shares in Indiabulls Housing Finance Company was down a huge 13 per cent at 2.55 pm, with the stock

IT Officers Can't Adjust Your Refund Against Tax Demand Without Valid Notice
Income tax officers as per the Income Tax Act are required to send a valid notice in lieu of the outstanding tax demand to the respective taxpayer. This said IT officials are not authorized to make any adjustments against tax demand

Soon Transfer Money From One Wallet To Other Via UPI
After the RBI has come out with rules on interoperability of PPIs or prepaid payment instruments, you will soon be able to transfer money from one mobile wallet to other. The phenomena of interoperability facilitate compatibility between payment systems and once

Sensex Surges 350 Points On Solid Global Cues
Benchmark indices surged in trade led by a solid rally in the US markets, which saw the Dow Jones surged by a whooping 547 points. The rupee too showed remarkable recovery on Tuesday and was also up on early Wednesday, which

Infosys Q2 2018 Profit Surges Up To Touch Whopping Rs 4,110 Crore
Infosys Ltd, the Bangalore based IT major announced second quarter 2018 results. The company's profit rose for the second quarter but the operating margin remained constant amid fall in the rupee value. The company reported a net profit of

Mutual funds To Not Use Aadhaar-Based Authentication For KYC
Similar to telecom companies, now the UIDAI body has asked mutual fund industry including the various asset management companies, online distributors and registrar and transfer agents (R&T) to discontinue using aadhaar-based authentication to complete KYC or know your customer process for

Amazon To Buy Up To 8% Stake In Future Retail: Report
As per a leading business channels report, Amazon, US based online-retailing company, is likely to take over up to 8% stake in Kishore Biyani led Future Retail. The deal is likely to close in next two weeks time. The

Your Visa And MasterCard Credit, Debit Card Will Continue To Work As Usual
The government on Monday declined to further extend RBI's October 15 deadline for data localization by global payment solution companies and in its wake it is highly likely that your VISA and Mastercard debit and credit cards may not work now

ICICI Bank Surges 2% After RBI Approves Sandeep Bakshi's New Role as MD & CEO
ICICI Bank shares surged over 2% in Tuesday's early morning session after RBI approved appointment of Sandeep Bakshi as bank's Managing Director and CEO. His new role that will extend for 3 years will come into effect from October 15, 2018.

Rupee Opens Tad Higher At 73.80 Against US Dollar
On Tuesday, Indian currency opened a tad higher at 73.80 vs previous closing of 73.83. In yesterday's trade, rupee weakened past 74 mark in the afternoon trade but later gained on the back of strong trade deficit data for the month

Fund Raising via QIP Drops 78% to Rs 7,000 cr in Apr-Aug FY19
Capital garnered by Indian companies through issuance of shares to institutional investors dived by 78 per cent to Rs 7,000 crore during the April-August period of the financial year 2018-19, reported PTI.The firms had raised Rs 31,153 crore during the corresponding

AMFI Delays Campaign Promoting Debt Funds Amid Market Woes
The Association of Mutual Funds of India has postponed its proposed campaign highlighting debt investments, amid scepticism triggered by default in repayment by a infrastructure conglomerate, industry sources said according to the PTI report.The new campaign focusing on the fixed income

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