In the last few weeks, the Indian rupee has shown some distinct weak signs. From a level of around 64/$ a year ago, the INR has weakened closer to the 68/$ mark in the first week of May. Broking reports are already indicating INR at beyond 70/$ by end Read more [...]

The woes for PSU banks continued with Union Bank recording a loss of Rs.2583 crore in the fourth quarter of the fiscal. Gross NPAs of Union Bank increased sharply from 13.03% to 15.73%. However, the bank chairman has confirmed that most of the stress Read more [...]

Even as the NPA woes continue among the PSBs, the RBI has put a bar on fresh lending by Dena Bank. It may be recollected that Dena Bank was already under Prompt Correction Action (PCA) wherein the bank’s financials, recruitments of senior personnel Read more [...]

The Nifty closed on Friday above the 10,800 mark but could face pressure on Monday ahead of the Karnataka counting day. The markets would be more worried if the BJP puts up a poor performance in Karnataka. With Malaysia deciding to pull out of Read more [...]

Immediately after Indigo Airlines announced its fourth quarter results, there was a flurry of downgrades coming from brokers. The reasons are not far to seek. Higher oil prices were pushing up the costs and competition was pulling down their pricing power. Read more [...]

Recently SEBI had stipulated that all mutual fund schemes be reclassified based on an acceptable formula. In tune with that, SEBI had identified 34 total segments for classification. Has this SEBI regulation really helped in reducing the number of MF Read more [...]

On May 04th SEBI allowed bourses to offer F&O trading up to 11.55 pm every day. This will require prior permission of the regulator and the exchange will have to first convince the regulator that it has the requisite technical back-up, surveillance Read more [...]

Even as ICICI Bank has had its trust on trial in recent times, the fourth quarter results were an absolute disappointment. The profits halved to Rs.1020 crore even as the gross NPAs shot up from 7.89% to 8.84%, making it the most stressed private bank Read more [...]