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E-way bill: All you need to know experiences of the first month
By Anita RastogiIndia has just announced the launch of another major reform under the GST regime. After an aborted attempt in February, the government has finally managed to successfully roll out the E-way bill system for tracking goods movement under the Goods and Services Tax (GST) from April 1, 2018.

Way bill is not a new phenomenon. It was

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By Venus Feng

When Xiaomi Corp.’s founders were eating millet congee at an office in Beijing’s Zhongguancun neighborhood in 2010, they decided to create a smartphone brand selling handsets at “honest” prices.

Eight years later, Lei Jun and the seven other Xiaomi co-founders have created a company that wants to challenge the global industry

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Authors: Super User

The domestic equity market on Monday made a buoyant start to the week. The market opened on expected lines with modest gains and traded in a range in the first half of the session. We saw further strength coming in in the second half of the day.

The benchmark Index Nifty50 finally ended the day with a decent gain of 97.25 points

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Market Now: Midcaps underperform Sensex; Vakrangee plunges 5%
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex during Wednesday's trade.

Around 11:10 am (IST), the BSE Midcap index was 0.27 per cent down at 16,590, while the BSE Sensex was 0.20 per cent up at 35,288. The NSE Nifty50 was 0.12 per cent up at 10,731 around the same time.

Vakrangee (down 4.97 per cent), Dalmia Bharat (down

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Market Now: Metal stocks lose shine; Hindalco, Vedanta among the top drags
NEW DELHI: Most metal - mining stocks were suffering losses during afternoon trade on Tuesday.

Shares of Nalco (down 1.56 per cent), Hindalco Industries (down 0.97 per cent), APL Apollo Tubes (down 0.95 per cent) and Vedanta (down 0.82 per cent) were the top losers in the metal pack.

The Nifty Metal index was trading 0.43 per cent down at

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Authors: Super User

By Tara Lachapelle

Another Berkshire Hathaway Inc. annual meeting is in the books. The masters of ceremony, Warren Buffett and Charlie Munger, were as sage, humorous and optimistic about America’s future as ever.

But seeing them up there in front of shareholders, it was hard not to be reminded of the fact that the beloved

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Bond yields jump after RBI revises list of open market ops purchase securities
MUMBAI: India's benchmark 10-year bond yield jumped in early trade on Wednesday after the central bank revised the list of securities it plans to buy back from the market at its open market purchase of debt on May 17.

The Reserve Bank of India on Tuesday removed the 6.84 percent 2022 bonds from the list of government securities that it had

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Coming soon: Bitcoin trades on Wall Street
SAN FRANCISCO: Some of the biggest names on Wall Street are warming up to bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.

The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold

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Oil, technology shares drive gains on Wall Street

Authors: Super User

US stocks rose on Monday as oil prices hit $70 per barrel for the first time since November 2014, while those in technology companies rose led by second day of gains for Apple.

The S-P energy index was the biggest gainer among the 11 major S-P sectors, rising 2 percent, as U.S. crude was boosted by Venezuela's deepening

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Aviation stocks mixed as oil tops $76 per barrel
Aviation scrips such as Jet Airways, SpiceJet and IndiGo moved sideways this morning after oil prices shot up in response to the US move to abandon the Iran nuclear accord.

On Wednesday, Brent crude futures for July series soared 2.5 per cent to $76.73 a barrel -- the highest since November 2014.

InterGlobe Aviation, which runs IndiGo, and Jet

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Market Now: Infosys, HCL tech, Wipro keep Nifty IT index down
NEW DELHI: Owing to losses in Infosys (down 1.27 per cent), HCL Technologies (down 0.93 per cent), Wipro (down 0.82 per cent) and Tech Mahindra (down 0.61 per cent), the Nifty IT index was in the red in afternoon trade on Tuesday.

The Nifty IT index was trading 0.23 per cent down at 13,394 around 01:45 pm (IST).

However, KPIT Technologies (up

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Cognizant raises lower-end of 2018 guidance; digital now 29% of revenue

Authors: Super User

Cognizant raised the lower-end of its full-year revenue guidance and said it had generated double-digit growth in the first quarter, as it focuses on digital technologies to drive its business.

The Teaneck, New Jersey-headquartered company expects 2018 revenue of $16.05 billion to $16.30 billion, implying growth of 8-10% in

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Market Now: Private bank stocks mixed; YES Bank, Axis Bank rise
NEW DELHI: Private bank stocks YES Bank (up 1.12 per cent), Axis Bank (up 0.55 per cent) and Federal Bank (up 0.43 per cent) were trading with small gains in Wednesday's trade.

The Nifty Private Bank index was trading marginally up by 0.15 per cent up at 14,998 around 10:50 am (IST).

Shares of IDFC Bank (up 0.33 per cent), IndusInd Bank (up 0.32

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China stocks rise as Sino-US trade talks set to resume
SHANGHAI: China stocks posted robust gains on Tuesday, amid hopes that resumption of Sino-US talks could help avert a trade war, while the impending MSCI inclusion of China shares rekindled interest in blue-chips.

The blue-chip CSI300 index rose 1.2 per cent to 3,878.68, while the Shanghai Composite Index gained 0.8 per cent to 3,161.50.

The

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Inox Leisure Q4 profit at Rs 58 crore

Authors: Super User

MUMBAI: The last quarter of the financial year 2017-18 has spread cheer for multiplexes. After PVR, Inox Leisure has also posted its one of the most profitable Q4 results in the company’s history.

Inox’s PAT stood at Rs 57.7 crore for the quarter ended March 31, 2018, compared to Rs 30 lakh in the year ago period.

Revenue from

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Aussie shares subdued with budget in focus; New Zealand ends flat
Australian shares ended mostly flat on Tuesday, coming off a three-month high as investors strived to reduce their exposure before the 2018 federal budget due later in the day.

The S-P/ASX 200 index rose 7.4 points or 0.12 per cent to 6,091.9 at the close of trade. The benchmark gained 0.4 per cent on Monday.

Gains across financials and

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Market Now: FMCG stocks mixed; HUL, ITC trade with nominal gains
NEW DELHI: FMCG stocks were trading mixed during afternoon trade on Tuesday.

The Nifty FMCG index was trading 0.12 per cent up at 28,622 around 01:35 pm (IST).

Shares of Godrej Consumer Products (up 1.07 per cent), Jubilant Foodworks (up 0.65 per cent), ITC (up 0.55 per cent), Godrej Industries (up 0.34 per cent), Hindustan Unilever (up 0.12 per

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Authors: Super User

NEW DELHI: Headline indices Sensex and Nifty logged solid gains on Monday on the back of firm global cues and heavy buying in industry heavyweights RIL, ICICI Bank and ITC.

The S-P BSE Sensex rallied 293 points, or nearly 1 per cent, to 35,208, while NSE’s Nifty50 index added 97.25 points, or 0.92 per cent, to 10,715.

Here’re

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Market Now: Godrej Properties, DLF boost Nifty Realty index
NEW DELHI: Decent gains in Godrej Properties (up 3.41 per cent) and DLF (up 3.34 per cent) gave a boost to Nifty Realty index in Tuesday's trade.

The Nifty Realty index was trading 1.21 per cent up at 317 around 02:55 pm (IST).

Shares of Phoenix Mills (up 1 per cent), Indiabulls Real Estate (up 0.48 per cent), Brigade Enterprises (up 0.43 per

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European shares flat, investors brace for Trump's Iran deal decision
LONDON: European shares opened broadly flat on Tuesday as investors prepared for Donald Trump's decision on whether to withdraw the US from the Iran nuclear deal, a move which could disrupt global oil supply.

At 0738 GMT, the pan-European STOXX 600 index was down 0.05 per cent with a flurry of first-quarter corporate earnings and mergers and

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ICICI Bank board to discuss Videocon loan issue on Tuesday: 7 key takeaways

Authors: Super User

ICICI Bank on Monday reported around 50 per cent fall in bottom line for the quarter ended March 2018 as provisions for bad loans more than doubled.

The lender posted a standalone net profit of Rs 1,020 crore for the quarter under review against Rs 2,024.64 crore posted for the same quarter last year. Analysts in an ETNow poll

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Nikkei rises as banks rally; Takeda up ahead of acquisition news
TOKYO: Japan's Nikkei share average rose on Tuesday as banking stocks rallied while Takeda Pharmaceutical climbed ahead of news the drugmaker had agreed to buy London-listed Shire for $62.42 billion.

The Nikkei ended 0.2 per cent higher to 22,508.69.

Takeda Pharmaceutical and Shire announced after the Tokyo market close the acquisition, which

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Market Now: Power stocks mixed; Suzlon Energy, JSW Energy crack over 4%
NEW DELHI: Power stocks Suzlon Energy (down 4.36 per cent), JSW Energy (down 4.16 per cent), Reliance Infrastructure (down 1.87 per cent) and Tata Power Company (down 1.35 per cent) were suffering losses during afternoon trade on Tuesday, keeping the sectoral index down.

However, gains in PTC India (up 5.03 per cent), ABB India (up 0.92 per cent),

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DSP group to buy out Blackrock40% stake in DSP Blackrock MF

Authors: Super User

Mumbai: DSP Group will be buying out BlackRock’s 40 per cent stake in DSP BlackRock Investment Managers. The firm is proposed to be known as DSP Investment Managers and DSP BlackRock Mutual Fund is proposed to become DSP Mutual Fund, subject to regulatory approvals.

DSP BlackRock is a joint venture between the DSP Group and

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Market Now: Aurobindo Pharma, Sun Pharma keep Nifty Pharma index in the red
NEW DELHI: Losses in Piramal Enterprises (down 1 per cent), Biocon (down 0.65 per cent), Aurobindo Pharma (down 0.62 per cent) and Sun Pharma (down 0.53 per cent) were keeping the Nifty Pharma index in the red during Tuesday's trade.

The Nifty Pharma index was trading 0.24 per cent down at 8,754 around 02:45 pm (IST).

However, Cadila Healthcare (

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Market Now: Consumer Durables index down 1%; PC Jeweller, Rajesh Exports top drags
NEW DELHI: Heavy losses in PC Jeweller (down 11.90 per cent) weighed on BSE Consumer Durables index during afternoon trade on Tuesday.

The BSE Consumer Durables index was trading 0.97 per cent down at 22,376 around 01:15 pm (IST).

Rajesh Exports (down 2.86 per cent), Whirlpool of India (down 1.41 per cent), Crompton Greaves Consumer Electricals

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Authors: Super User

NEW DELHI: ICICI Bank, India’s largest private sector lender by assets, on Monday reported 49.62 per cent YoY drop in standalone profit at Rs 1,020 crore for March quarter on sharp rise in provisions for the bad loans.

The profit number was better than Rs 980 crore estimated by analysts in an ETNow poll. The bank had reported

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In times of market uncertainty, fund mart undergoes overhaul
Across the mutual fund industry, scheme re-categorisation is on in full swing. There will be increased pressure on fund houses and distributors for some time now, as the rebranding and remarketing activity will begin to clutter the mind space. Kotak Mutual fund has already begun to send out necessary communications in this regard and more will be
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Market Now: BSE Capital Goods index slips 1%; Suzlon Energy, L T among the top drags
NEW DELHI: The BSE Capital Goods index was trading 0.95 per cent down at 19,148 around 01:05 pm (IST), with Suzlon Energy (down 3.98 per cent), Welspun Corp (down 2.27 per cent) and Larsen - Toubro (down 1.68 per cent) as the top losers.

BHEL (down 1.36 per cent), GE T-D India (down 1.15 per cent), Havells India (down 0.52 per cent) and

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Pfizer posts 54% YoY rise in Q4 profit at Rs 104 crore

Authors: Super User

Pfizer posts 54% YoY rise in Q4 profit at Rs 104 crore

Pfizer on Monday posted 53.60 per cent year-on-year rise in profit at Rs 104.51 crore for the quarter ended March 31. It had posted a net profit of Rs 68.04 crore in the corresponding quarter last year.

Revenue of the drug firm increased 14.73 per cent to Rs 519.95 crore

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