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Market News

Location American Market News for 4 July 2018
Shriram Transport Finance stock tanks 19% on report of large corporate guarantee to SVL Shriram Transport Finance's 2017-18 annual report showed that it has an outstanding corporate guarantee of ₹870 crore to SVL Ltd
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Detroit Needn't Fret Yet About Pump Prices

Wall Street Journal - 4 Jul 2018 17:22
Light truck sales, which are crucial to the profits of U.S.-based auto makers, are holding up despite pump prices nearing a psychological milestone.
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3 Bullish Signs Return For Bitcoin

Forbes - 4 Jul 2018 16:58
3 Bullish Signs Return For Bitcoin The Bitcoin rally has spread to the entire cryptocurrency chain.
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ICICI Prudential AMC buys shares in NTPC, holding up over 5% ICICI Prudential Bluechip Fund purchased 1,57,200 shares of NTPC and Bharat 22 ETF purchased 4,15,67,567 shares
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GST: Setting up a centralized advance ruling authority--the sooner the better Rising instances of contradictory verdicts on similar issues by authorities of various states is defeating the very purpose of advance rulings
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Gold prices surge today after 4-day fall

livemint.com - 4 Jul 2018 13:22
Gold prices surge today after 4-day fall Gold prices today jumped by Rs 210 to Rs 31,570 per 10 grams, mainly supported by a strong global sentiment amid pick up in demand by local jewellers
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₹ 70,000 crore in income tax refunds issued, 99% claims processed: CBDT Income tax refunds in 45.07 lakh cases have been issued during April-June, 2018, which is 9 lakh more than the refunds issued during the same period last year
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SC upholds RBI crypto ban: What's next for crypto exchanges, investors? Most of the crypto exchanges now plan to turn into crypto-to-crypto trading exchanges from the existing model of crypto-to-currency trading
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India's June services PMI expands at fastest pace in a year India's service industry rebounds 52.6 in June, its highest since June 2017, on the back of a surge in new business orders
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'It's never too late to start financial planning'

livemint.com - 4 Jul 2018 07:49
'It's never too late to start financial planning' Having a financial plan is a relief for Bhaskar Ganguly as it has secured his future
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LIC-IDBI Bank deal: The good, the bad, the ugly

livemint.com - 4 Jul 2018 07:43
LIC-IDBI Bank deal: The good, the bad, the ugly LIC's investment in IDBI Bank depends on the latter's ability to turn its business around, else the policyholders are likely to take a hit
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Need to fight backlash against retirement planning nudges Advocates of automatic enrolment have focused only on the benefits for financial security in retirement
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Who can get Instant e-PAN and how?

livemint.com - 4 Jul 2018 06:32
Who can get Instant e-PAN and how? No physical PAN card will be issued in case you have an e-PAN; you can download e-PAN from the income tax department's website once it's allotted
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Government's bad loan fix is wise but raises many questions The idea of setting up an asset management company to fix bad assets has its merits but it leaves many questions unanswered
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How much tax do you pay on your equity investments?

livemint.com - 4 Jul 2018 06:10
How much tax do you pay on your equity investments? Here's a look at various taxes you have to pay on your equity investments
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Rupee extends gains against US dollar

livemint.com - 4 Jul 2018 05:50
Rupee extends gains against US dollar At 9.15am, the rupee was trading at 68.50 a dollar, up 0.13% from its previous close of 68.58
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Post Reliance Jio, India's mobile industry officially shrinks by a third While Reliance Jio's entry into India's telecom industry has been a bonanza for consumers, it is a nightmare as far as profitability of the sector goes
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Auto sales sizzle but stock valuations continue to slide lower One-year forward valuations of market leaders Maruti Suzuki and Hero MotoCorp have come off from the highs scaled a year ago
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A little bit of IDBI Bank in my LIC policy

livemint.com - 4 Jul 2018 04:05
A little bit of IDBI Bank in my LIC policy LIC policy holders are worried about the IDBI Bank acquisition being a precedent to more such toxic asset purchases
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