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HDFC Bank is the second biggest agency bank to the government for collections of direct taxes, and for GST payments ... HDFC Bank stated it has facilitated both retail and wholesale payments of customs duty.Leading private-sector lender, HDFC Bank will now permit online custom-mades responsibility for consumers as the bank's combination with Central Board of Indirect Taxes and Custom-mades (CBIC) ICEGATE platform has actually gone live. Consumers will be able to pay for their custom-mades responsibility directly via the bank.This follows the authorisation by the Principal Chief Controller of Accounts of CBIC to collect IGST on import and export of items and services. HDFC Bank stated it has facilitated both retail and wholesale payments of customizeds duty.With HDFC Count on board, customers would no longer need to route payments through other bank accounts. This integration likewise offers the bank the chance to obtain bank accounts of clients who bank with others that do not offer this facility, according to a statement shared by the bank today.Reserve Bank of India (RBI) policies allow the opening of current accounts for particular functions like statutory payments. Digital payments of customs duty will assist enhance ease of doing company in India, said Smita Bhagat, Group Head of Federal Government and Institutional Company, Partnership and Inclusive Banking Group Startup Banking, HDFC Bank.Online custom-mades responsibility collection will generate openness and effectiveness at scale. There is an enormous surge in online payments due the pandemic-imposed constraints and government initiatives like demonetisation, GST, Digital India, and necessary e-invoicing, Bhagat said.HDFC bank was selected as the very first company bank by the RBI in 2001 to digitise taxation. It is likewise the 2nd biggest company bank to the government for collections of direct taxes, and for GST payments. Based on this experience two other banks were inducted in 2003. Today, as the largest economic sector firm bank in India for taxation, we strongly think that a collaboration between the federal government and private gamers has the power to change lives, Sunali Rohra, Executive Vice President, Government and Institutional Company - & Gig Banking, HDFC Bank, said.The loan provider said various state federal governments have actually also authorised the bank for various types of collections such as, mark duty, registration charges. The bank is likewise incorporated with federal government's GeM website for accepting Care Money Deposit for procurement through the portal.On Friday, January 7, shares of HDFC Bank settled 0.68 per cent greater at Rs 1,550.40 apiece on the BSE.
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The 50 The Majority Of Relied on BFSI Brands represents an eclectic parish of changemakers that are rewriting the rules of success ...
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Read more: Admiring Pillars Of The Banking, Financial Services And Insurance Coverage Community
Write comment (91 Comments)Cryptocurrency-based criminal offense struck a record high in 2021 as overall legal payments also reached an all-time peak, data group Chainalysis has revealed...Cryptocurrency-based criminal activity hit a record high in 2021, according to a reportCryptocurrency-based criminal activity hit a record high in 2021 as total legal payments also reached an all-time peak, information group Chainalysis revealed on Thursday.Criminal transactions, including bitcoin and its peers, totalled$14 billion, up 79 percent from 2020, according to the group's analysis.Total cryptocurrency payments meanwhile soared 567 percent to $15.8 trillion year-on-year, Chainalysis stated, as the sector won some strong assistance from traditional financing. Considered that roaring adoption, it's no surprise that more cybercriminals are utilizing cryptocurrency, the group concluded. In fact, with the development of legitimate cryptocurrency usage far outpacing the development of criminal usage, illegal activity's share of cryptocurrency deal volume has never been lower. Illicit transactions totaled up to 0.15 percent of the total.Despite the lower portion, criminal abuse of cryptocurrency develops big obstacles for continued adoption, increases the possibility of restrictions being enforced by federal governments, and worst of all preys on innocent people all over the world , the report stressed.Growth in rip-offs was 82 percent in 2015, according to Chainalysis. Rug pulls played a sizeable part, it kept in mind. This is when investments, significantly in newer cryptocurrencies, suddenly disappear.This held true in 2015 with Squid coin , inspired by Netflix struck Squid Video game . The creators of Squid coin vanished from social networks and so did investors 'revenues, mirroring other cryptocurrency scams. One appealing development in the battle versus cryptocurrency-related criminal offense is the growing capability of law enforcement to take illicitly gotten cryptocurrency, Chainalysis said. At the exact same time, illegal addresses presently hold at least $10 billion worth of cryptocurrency, according to Chainalysis. Much of this worth comes not from the preliminary amount originated from criminal activity, but from subsequent rate boosts of the crypto properties held. Cryptocurrencies are extremely unpredictable, nevertheless, and the worth of sector-leader bitcoin has fallen sharply in current days.
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Read more: Cryptocurrency-Based Crime Struck A Record High In 2021: Report
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The Indian equity criteria on Friday slipped into red during afternoon deals, erasing all gains tape-recorded in the early trading session ... On BSE, Bajaj Finserv, M-M, HDFC, Bajaj Finance, Tata Steel and L-T attracted the most losses.New Delhi: The Indian equity standards on Friday slipped into red during afternoon deals, erasing all gains taped in the early trading session. The 30-share BSE Sensex pack fell more than 700 points to strike an intraday low of 59,401.44. As of 12:59 pm, Sensex was down 107 points or 0.18 percent at 59,495; while the wider NSE Nifty moved 11 points pr 0.06 percent lower to 17,735. Mid- and small-cap shares were trading somewhat higher as Nifty Midcap 100 index was up 0.14 percent and small-cap shares were up 0.17 per cent.On the stock-specific front, Bajaj Finserv was the top Nifty loser as the stock broke 1.57 per cent to Rs 17,705. Bajaj Finance, Mahindra - Mahindra, HDFC and L-T were also among the laggards.On the flipside, Grasim, ONGC, Tata Consumer Products, Hindalco and Asian Paints were among the gainers.The total market breadth was favorable as 1,964 shares were advancing while 1,365 were declining on BSE.On the 30-share BSE platform, Bajaj Finserv, Mahindra - Mahindra, HDFC, Bajaj Finance, Tata Steel and L-T brought in the most losses with their shares falling as much as 1.65 per cent in afternoon trade.Asian Paints, Hindustan Unilever, Nestle India, Wipro, Tech Mahindra and TCS were among the gainers.The benchmark BSE Sensex had slumped 621.31 points or 1.03 per cent to finish at 59,601.84 on Thursday; while the broader NSE Nifty had actually plunged 179.35 points or 1 percent to settle at 17,745.90.
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Read more: Sensex, Nifty Erase All Early Gains, Slip Into Red
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Read more: Madras High Court Extends Stay On Single Judge SpiceJet Order Till January 11
Write comment (97 Comments)The nation's foreign exchange reserves declined by $1.466 billion to $633.614 billion in the week ended December 31, RBI information showed ... FCA declined by $1.48 billion to $569.889 billion in the reporting week, RBI data showedThe country's foreign exchange reserves decreased by $1.466 billion to $633.614 billion in the week ended December 31, RBI data showed.In the previous week ended December 24, the reserves dipped by $587 million to $635.08 billion. It touched a life-time high of $642.453 billion in the week ended September 3, 2021. Throughout the reporting week ended December 31, the decrease in forex reserves was on account of a fall in foreign currency possessions (FCA), a major component of the total reserves, Reserve Bank of India's (RBI) weekly data launched on Friday showed.FCA decreased by $1.48 billion to $569.889 billion in the reporting week, the RBI information showed. Revealed in dollar terms, the foreign currency assets include the result of appreciation or devaluation of non-US units like the euro, pound and yen held in the forex reserves.Gold reserves rose by $14 million to $39.405 billion in the reporting week, the data revealed. The special illustration rights (SDRs) with the International Monetary Fund (IMF) remained the same at $19.114 billion in the reporting week, the RBI said.The nation's reserve position with the IMF was likewise the same at $5.207 billion in the reporting week, the information revealed.
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Read more: Foreign Exchange Reserves Down By $1.466 Billion To $633.614 Billion, Says Information
Write comment (92 Comments)Fuel costs stayed unchanged throughout the city cities on Friday, January 7, 2022 ... A litre of fuel now costs Rs 95.41 in Delhi, while diesel rates stand at Rs 86.67 per litre.Petrol, Diesel Prices Today: Fuel costs remained the same across the metro cities on Friday, January 7, 2022. In December in 2015, the Delhi federal government had actually lowered the value-added tax on gas from 30 per cent to 19.40 percent from the midnight of December 1, 2021. With this, fuel rates in the nationwide capital were slashed by Rs 8.56 per litre.A litre of petrol now costs Rs 95.41 in Delhi, while diesel rates stand at Rs 86.67 per litre. In Mumbai, petrol is retailed at Rs 109.98 per litre, while diesel is being sold at Rs 94.14 per litre. Among the city cities, fuel rates are still the highest in Mumbai. Prior to this, the main government had minimized import tax task on gas by Rs 5 and on diesel by Rs 10 from November 4, 2021 onwards. Ever since there has actually been no hike in fuel rates in the country.(Also Check out: How To Check Newest Gas And Diesel Rates In Your City). State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates daily, by taking into consideration the petroleum prices in the global markets, and the rupee-dollar currency exchange rate. Any modifications in gas and diesel prices are implemented with effect from 6 am every day.Globally, oil costs edged up, heading for their biggest weekly gains because mid-December, sustained by supply worries in the middle of escalating discontent in Kazakhstan and failures in Libya. Brent unrefined futures climbed 57 cents or 0.7 per cent to $82.56 a barrel, after a 1.5 per cent jump in previous session. U.S. West Texas Intermediate (WTI) crude futures increased 67 cents or 0.84 per cent $80.13 a barrel, extending a 2.1 percent gain in the previous session.
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Read more: Fuel Costs Stay Steady. See Rates
Write comment (99 Comments)UAE-based retail significant Lulu group on Thursday said it will invest Rs 200 crore in Jammu - & Kashmir to set up a food processing and logistic center ...
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Read more: Lulu Group To Invest Rs 200 Crore In J&K, To Establish Food Processing, Logistics Center
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Read more: Rupee Gains 12 Paise To Settle At 74.30 Against US Dollar Amid Positive Equities
Write comment (98 Comments)The Indian equity standards on Friday began selling green led by gains throughout all sectors ... The overall market breadth was positive as 2,157 shares were advancing while 594 were declining on BSE.New Delhi: The Indian equity criteria on Friday began trading in green led by gains throughout all sectors. Asian shares snapped 2 days of losses as financiers waited to see whether U.S. jobs data due later in the day would strengthen the need for faster U.S. interest rate hikes.Back home, as of 9:20 am, the 30-share BSE Sensex pack was up 402 points or 0.67 per cent at 60,004 and the wider NSE Nifty moved 111 points or 0.63 per cent higher to 17,857. Mid- and small-cap shares were trading on a positive note as Nifty Midcap 100 index was up 0.42 per cent and small-cap shares were trading 0.69 per cent higher. The Indian benchmarks started with a gap-up opening, with a mix of international hints amid a flat United States market and unfavorable European market. Traders can take a careful position as Covid-19 cases are rising in India. According to the other day information, foreign institutional investors (FIIs) were the seller and domestic institutional investors (DIIs) were net buyers in the Indian equity market, Gaurav Garg, Head of Research, Capitalvia Global Research study Ltd told TheIndianSubcontinent. Our research suggests that if Nifty spot crosses and sustains the level of 17,910, we may anticipate an additional gain in the index. If the market doesn't sustain the 17,910-level, we can anticipate it to trade till the lower series of 17,710-17,510, he added.On the stock-specific front, ONGC was the top Awesome gainer as the stock rose 2.59 percent to Rs 154.70. Titan, Grasim, ICICI Bank and Coal India were also amongst the gainers.On the flipside, Dr Reddy's, HDFC, Cipla, Divi's Lab and Infosys were amongst the losers.The total market breadth was favorable as 2,157 shares were advancing while 594 were declining on BSE.On the 30-share BSE platform, Titan, ICICI Bank, HDFC Bank, SBI, Kotak Mahindra Bank, IndusInd Bank and Reliance Industries attracted the most gains with their shares increasing as much as 2.62 percent in early trade.Dr Reddy's, HDFC, Bharti Airtel, HCL Tech, Infosys and Maruti were amongst the losers.The benchmark BSE Sensex had slumped 621.31 points or 1.03 per cent to complete at 59,601.84 on Thursday; while the more comprehensive NSE Nifty had actually plunged 179.35 points or 1 percent to settle at 17,745.90.
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Read more: Sensex Increases Over 400 Indicate Recover 60,000-Mark; Nifty Trades Above 17,850
Write comment (96 Comments)Federal government is making changes in the FDI policy to enable disinvestment of Life Insurance coverage Corporation of India ...
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Read more: Federal Government To Modify FDI Policy To Permit Life Insurance Corporation's Stake Sale
Write comment (98 Comments)Economy is estimated to grow at 9.2 percent in 2021-22, as versus a contraction of 7.3 per cent in the previous financial, due to improvement in agriculture and manufacturing sectors ...
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Read more: Indian Economy Estimated To Grow At 9.2% In 2021-22, States Federal Government Data
Write comment (95 Comments)Reliance Industries Limited on Thursday said it has raised $4 billion in debt through the largest ever foreign currency bond issuance ...
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Read more: Reliance Raises $4 Billion In India's Largest-Ever Foreign Currency Bonds Problem
Write comment (93 Comments)The union cabinet has actually approved the 2nd phase of the green energy corridor of the intra-state transmission system ...
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Read more: Cabinet Clears Rs 12,000 Crore Green Energy Passage
Write comment (91 Comments)HDFC Bank reigns over the banking market. ICICI Bank is inching closer in terms of monetary efficiency. Which bank will emerge as a leader? ...
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Read more: How The 2 Lenders Have Actually Fared Financially
Write comment (96 Comments)Omicron variation of Coronavirus will strike GDP for March quarter of 2021-22 by 0.40 percent and cut 0.10 percent from the overall development of the financial ...
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Read more: Omicron To Effect 2021-22 Development By 0.1%: Report
Write comment (91 Comments)Reliance Retail has actually purchased a 25.8 per cent stake in India's leading fast commerce player Dunzo for $200 million (nearly Rs 1,488 crore) as it seeks to broaden its existence in the grocery delivery... Dunzo raised $240 million in its newest funding round that was led by Reliance Retail.New Delhi: Reliance Retail has actually purchased a 25.8 percent stake in India's leading fast commerce player Dunzo for $200 million (nearly Rs 1,488 crore) as it wants to expand its presence in the grocery delivery business.The shipment company raised $240 million in its newest funding round that was led by Reliance Retail Ventures Ltd (RRVL) - the retail arm of Reliance Industries, the 2 business stated in a joint statement.Existing investors Lightbox, Ligthrock, 3L Capital and Alteria Capital likewise participated in the funding round. With a financial investment of $200 million, Reliance Retail will own 25.8 per cent stake, the statement mentioned.Isha Ambani, Director, Reliance Retail, stated, Through our partnership with Dunzo, we will have the ability to offer increased benefit to Reliance Retail's consumers and distinguished customer experience through rapid shipment of items from Reliance Retail stores. Our merchants will get access to the hyperlocal delivery network of Dunzo to support their development as they move their business online through Jio Mart. Morgan Stanley functioned as exclusive monetary advisor and Cyril Amarchand Mangaldas served as legal counsel to Dunzo. AZB - & Partners functioned as legal counsel to RRVL and Deloitte, Haskins - & Sells LLP offered monetary due diligence services.Earlier this year, Dunzo had launched its immediate delivery design 'Dunzo Daily' in Bengaluru. The Dunzo Daily design intends to provide everyday and weekly essentials within 15-20 minutes.Kabeer Biswas, Chief Executive Officer (CEO) and Co-Founder, Dunzo, said, With this financial investment from Reliance Retail, we will have a long-lasting partner with whom we can accelerate growth and redefine how Indians buy their daily and weekly fundamentals.
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Read more: Reliance Retail To Invest $200 Million In Shipment Firm Dunzo
Write comment (99 Comments)Gold and silver futures fell on Friday, January 7, taking hints from the global area rates ... Domestic spot gold with a purity of 24 carats opened at Rs 47,566 per 10 grams.Gold Rate In India: Gold and silver futures fell on Friday, January 7, taking hints from the global spot prices. On the Multi Commodity Exchange (MCX), gold futures due for a February 4 delivery, were last seen 0.18 percent down at Rs 47,365, compared to the previous close of Rs 47,451. Silver futures due for a March 4 delivery were last seen 0.18 per cent lower at Rs 60,315 against the previous close of Rs 60,426. Domestic spot gold with a purity of 24 carats opened at Rs 47,566 per 10 grams on Friday, and silver at Rs 59,801 per kg - both rates leaving out GST (products and services tax), according to Mumbai-based market body India Bullion and Jewellers Association (IBJA). Foreign Exchange Rates: Internationally, gold inched lower, hovering near a two-week low hit in the previous session, after the chief of the World Health Organisation (WHO) said the Omicron version can not be considered 'mild', while more powerful yields capped bullion's gains. Spot gold was down 0.15 percent to $1,788.68 per ounce. U.S. gold futures was down 0.06 per cent to $1,788.20. Analyst View: Ravi Singh, Vice President and Head of Research, ShareIndia: The gold costs are selling a tight variety after the release of the December Federal Reserve conference minutes signaled a possibility of earlier and much faster rate walkings due to increasing inflation. The Omicron issue is likewise rising day by day, making economic healing vulnerable. He suggested, Purchase Zone above - Rs 48,200 for the target of Rs 48,500. Sell Zone listed below - Rs 47,800 for the target of Rs 47,600. Amit Khare, AVP - Research Commodities, Ganganagar Commodity Ltd: As per daily technical chart, gold and silver are revealing weak point. Momentum indicator RSI also pointed out the same in hourly along with day-to-day chart. Traders are advised to produce fresh sell positions near given resistance levels. They need to focus important technical levels provided for the day: February Gold closing price Rs 48,021, Assistance 1 - Rs 47,800, Assistance 2 - Rs 47,600, Resistance 1 - Rs 48,100, Resistance 2 - Rs 48,300. March Silver closing cost Rs 62,238, Support 1 - Rs 61,800, Support 2 - Rs 61,000, Resistance 1 - Rs 62,400, Resistance 2 - Rs 62,800.
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Read more: Gold, Silver Futures Decline On Global Cues
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Read more: Economic Growth Won't Be Impacted Much By Omicron: DPIIT Secretary
Write comment (93 Comments)The launch has come at a time when there are some efforts to manage the new cryptocurrency industry ... IC15 will keep an eye on the performance of the 15 most-traded crypto coins in the world.As India is witnessing a growing crypto industry, numerous players are revealing interest in investing and using services for investors in the country. Because effort, cryptocurrency app CryptoWire has actually introduced a dedicated index for Indian financiers. Named IC15, the very first such index in the nation will keep track of the performance of the 15 most-traded crypto coins in the world. The company says it intends to create awareness about crypto and its underlying blockchain technology amongst investors. The launch has come at a time when there are some efforts from authorities to set rules to regulate the brand-new industry as it unfolds.The crypto costs, called the Cryptocurrency and Policy of Official Digital Currency Costs, 2021, was expected to get Parliament's approval this winter session however it might not be done. The Reserve Bank of India (RBI), which is not delighted about the personal crypto coins, has said it is working to launch its own cryptocurrency.Here are the key things that you should know about the IC15 index: * CryptoWire, the Mumbai-headquartered business behind IC15, is a system of crypto stats company TickerPlant. The index enables crypto lovers and financiers to keep an eye on the efficiency of cryptocurrencies in global markets. * The index will keep track of the leading 15 crypto coins listed on significant exchanges around the world. These coins are - Bitcoin, Ethereum, XRP, Bitcoin Money, Cardano, Litecoin, Binance Coin, Chainlink, Polkadot, Uniswap, Dogecoin, Solana, Terra, Avalanche, and Shiba Inu. * A governance committee will supervise the functioning of the index. This committee will have domain professionals, industry practitioners and academicians. They will administer and rebalance the index every quarter. * The company says the index has actually been designed to offer insights into crypto mining and assistance financiers make notified choices to reduce risks. * For a crypto coin to be noted on IC15, it needs to trade on at least 90 percent of the trading days throughout the review duration. Its market capitalisation during the preceding month should also remain in the leading 50. * The base value is set at 10,000 and April 1, 2018, is the base date.
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Read more: IC15, India's First Cryptocurrency Index: Key Things To Know
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Read more: Sensex Rises 143 Points In Highly Volatile Trade; Nifty Reclaims 17,800
Write comment (90 Comments)Government is aiming for a financial deficit of 6.3 per cent to 6.5 percent of GDP for the next financial year, a less ambitious target than formerly ...
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Read more: Federal Government Might Cut Fiscal Deficit Target In The Middle Of Omicron Surge: Report
Write comment (95 Comments)The Indian equity standards plunged on Thursday, stopping a four-day winning streak amidst an enormous surge in Covid-19 cases and hawkish position by US Federal Reserve ... On BSE, UltraTech Cements, TechM, HCL Tech, HDFC twins and RIL drew in the most losses.New Delhi: The Indian equity criteria plunged on Thursday, stopping a four-day winning streak in the middle of an enormous surge in Covid-19 cases and hawkish stance by US Federal Reserve. India has reported 90,928 new Covid cases in a day, the greatest in over 200 days. And, US Fed's December policy conference has pointed towards quicker rate of interest hikes to tame constantly high inflation.The 30-share BSE Sensex slumped 621 points or 1.03 per cent to close at 59,602, while the more comprehensive NSE Nifty settled 179 points or 1 percent lower at 17,746. Mid- and small-cap shares ended up marginally greater as Nifty Midcap 100 index rose 0.13 per cent and Nifty Smallcap 100 index acquired 0.21 per cent. The marketplace has been dealing with down pressure after touching its all-time high in October. While the economy has been recuperating on expected lines, the international cues showing relaxing of balance sheet expansion by reserve banks around the world have been a major element. In this context, the US Fed's hawkish stance has not been a surprise, however the negative market reaction today is mostly due to the sign of balance sheet decrease in the Fed minutes released. Almost all members showed concern on rising inflation and possibility of accelerating rate hikes followed by a decrease in the balance sheet, Mohit Ralhan, Managing Partner - & Chief Investment Officer of TIW Private Equity told TheIndianSubcontinent. Although the timing remains unpredictable, market participants are now anticipating this to take place faster than later. In addition, the increasing cases of Covid-19 around the world have likewise increased the risk levels. In general, we remain careful in the markets right now, he included.11 out of 15 sector assesses-- compiled by the National Stock Exchange-- settled in red. Cool IT, Nifty Financial Services and Nifty Bank cracked as much as 1.55 per cent.On the stock-specific front, JSW Steel was the top Nifty laggard as the stock dived 2.98 per cent to Rs 673.80. UltraTech Cements, Shree Cement, Tech Mahindra and Adani Ports were also among the losers.On the flipside, UPL Ltd, IndusInd Bank, Bajaj Vehicle, Maruti and Bharti Airtel were among the gainers.The total market breadth stood favorable as 2,000 shares advanced while 1,389 declined on BSE.On the 30-share BSE platform, UltraTech Cements, Tech Mahindra, HCL Tech, HDFC twins (HDFC and HDFC Bank), Reliance Industries, and Kotak Mahindra Bank drew in the most losses with their shares falling as much as 2.58 percent. Maruti, Airtel, Bajaj Finance, Titan and Axis Bank were amongst the gainers.
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Read more: Sensex Stops 4-Day Winning Run, Plunges 621 Points, Nifty Settles Listed Below 17,750
Write comment (97 Comments)Shares of Hinduja Global Solutions (HGS) sank 20% on Friday in their worst intraday fall in 14 years, with experts saying an unique dividend announced by the company after the sale of its health care... Hinduja Gobal stock was locked in its lower circuit at Rs 2,856.65. Bengaluru: Shares of Hinduja Global Solutions (HGS) sank 20% on Friday in their worst intraday fall in 14 years, with analysts saying an unique dividend announced by the company after the sale of its health care organization missed financier expectations.HGS, the business procedure management unit of century-old Indian conglomerate Hinduja Group, said on Thursday it would pay an interim dividend of Rs 150 per share ($2.02), or about $42 million, after getting $1.09 billion in sale proceeds. The financier neighborhood expected the dividend to be much bigger after such a big deal, so there is dissatisfaction on that front, said Anita Gandhi, director at Arihant Capital Markets.The HGS board also announced a benefit share issue and authorized raising the limit to extend loans, make investments and provide assurances or security to 35 billion rupees.HGS in August sold its healthcare services company, which generated about 53% of the company's overall earnings in 2021, to funds related to Baring Private Equity Asia for $1.2 billion, as it looked to develop its digital services.Up to Thursday's close, the stock had actually climbed up almost 17% considering that August, hitting a record high today after HGS stated it would consider a dividend and a bonus problem of shares.On Friday, the stock was locked in its lower circuit at Rs 2,856.65, its weakest considering that December 6. This is a special interim dividend that we have actually paid out to honour the close of the healthcare sale that took place, HGS Global Ceo Partha DeSarkar told CNBC-TV18 on Friday early morning. We are going to expand our footprint in the digital area ... We have actually watched for good buys in the space. There are a couple of that we remain in active discussions with, DeSarkar stated.(This story has not been modified by TheIndianSubcontinent personnel and is auto-generated from a syndicated feed.)
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Read more: Hinduja Global Shares Tank 20% To Tape-record Worst Plunge In 14 Years
Write comment (97 Comments)Shapoorji Pallonji and Business on Thursday said it has offered 1.84 crore shares of Sterling And Wilson Renewable Energy to Reliance New Energy Solar ...
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Read more: Shapoorji Pallonji Sells Green Energy System's 1.84 Crore Shares To Reliance
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Read more: Centre Selects TCS To Drive Second Phase Of Passport Seva Program
Write comment (96 Comments)Anand Rathi Wealth, part of Mumbai-based monetary services group Anand Rathi, on Thursday reported a dive in earnings at Rs 32.04 crore ...
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Read more: Anand Rathi Wealth's December Quarter Earnings Increases To Rs 32 Crore
Write comment (99 Comments)Traders expect the central bank to hold the repo rate however are yet once again beginning to price in an increase in the reverse repo rate and possible withdrawal of rupee liquidity from the banking system ... India's benchmark 10-year bond yield increased to a fresh two-year highMUMBAI: India's benchmark 10-year bond yield rose to a fresh two-year high up on Thursday, after the U.S. Federal Reserve's conference minutes raised expectations for a swifter-than-expected unwinding of financial stimulus and rate increases.A really tight job market and unabated inflation might require the Federal Reserve to raise rates of interest sooner than anticipated and start minimizing its total possession holdings as a 2nd brake on the economy, U.S. reserve bank policymakers said in their meeting last month.The standard 10-year bond yield was trading at 6.54 per cent, after touching 6.55 per cent in early trade, its highest given that Jan. 31, 2020. Bond yields are expected to wander up on the back of a high loaning programme, tightening policy bias required by sticky inflation and firmer global rates, said Radhika Rao, financial expert at DBS Bank in Singapore.On the domestic front, the Reserve Bank of India (RBI) has said it was unlikely to be affected by global policy actions but issues have actually increased over the need to tighten policy to control inflationary pressures.Consumer costs in November increased 4.91 percent from the same month last year, accelerating from October's 4.48 percent however lower than the consensus forecast of 5.10 per cent, data revealed last month. December inflation due next week and will be the most recent information ahead of the RBI's February policy meeting.Traders expect the reserve bank to hold the repo rate but are yet again beginning to cost in a boost in the reverse repo rate and possible withdrawal of rupee liquidity from the banking system.The partly convertible rupee was trading at 74.39/ 40 per dollar compared to its close of 74.36 on Wednesday. It was up to as much as 74.51, tracking losses in the domestic share market however dollar inflows towards Reliance's dollar bond helped limit the downside.Reliance Industries Ltd has raised $4 billion in U.S. dollar bonds, in the country's largest-ever foreign currency bond offer. Bonds were supported by a halt in rallying oil costs and are expected to trade in a 6.52 percent to 6.55 percent range for the day.Oil costs lost ground on Thursday, falling more than $1 a barrel from their greatest levels in more than a month after U.S. fuel stockpiles rose amid declining demand.
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Read more: India's 10-Year Bond Yield At 2-Year High, Rupee Tumbles After Fed Minutes
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