The Railway Ministry is coaxing the Finance Ministry to levy a Safety Cess on all railway bookings to finance the huge outlay of Rs.125,000 crore required to enhance railway safety. Ironically, the fares of First AC and Second AC are likely Read more [...]

 Midnight News Update – Jan 04th 2017 Infosys was the big casualty on Tuesday as the stock took a hit from a fairly scary outlook given by Vishal Sikka for the coming year. The stock was down 2% after Vishal Sikka cautioned that the road ahead Read more [...]

India’s core sector output for the month of November 2016 came in lower at 4.9%, in what is seen as a direct impact of the demonetization process. This is sharply lower than the 6.6% core sector growth announced in the month of October. The big gainer Read more [...]

Achiievers Equities ltd brings 8 times delivery exposure for its investors. The company is offering 8 times exposure on the Cash and Share Balance of its investors from January 1, 2017. Achiievers Equities Ltd, India’s one of the foremost financial Read more [...]

   Midnight News Update – Jan 02nd 2017 As part of his New Year speech, prime minister, Narendra Modi announce a series of sops aimed at the poor and the lower middle class population of India. In a way, this was intended to tone down Read more [...]

Highlights of the Week (Dec 26 - Dec 30) and Impact Analysis   Major News Item Impact Analysis Ø Prime Minister hints at taxing capital market profits Ø While the actual form is unclear, it may either Read more [...]

The latest Financial Stability Report (FSR) published by the RBI has observed that the asset quality of banks has deteriorated and that the NPAs had sharply deteriorated during the current financial year. Poor asset quality, low profitability and weak Read more [...]

Cabinet has cleared an ordinance to penalize those with old notes after December 30th. The notes of 500 and 1000 denomination were demonetized as of November 08th and individuals have time till December 30th to exchange these old notes. The ordinance Read more [...]