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Protectionism 'doomed to failure': Xi says in swipe at US
Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an Apec summit at which US-China trade tensions are likely to take centre stage. In a major speech, Xi also stressed that there would be no winners from a trade war or a new cold war amid increasing rivalry between the world's top two
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By Tara LachapelleWhat makes a good Berkshire Hathaway Inc. investment With the exception of Warren Buffett and his deputies, nobody knows anymore.

It wasn’t all that long ago that there existed the quintessential Berkshire investment. You know the kind. Whether in the form of a public stake or a full-out acquisition, Berkshire’s shopping history

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Sebi slaps Rs 2.45 crore fine on 19 persons for manipulative trades
Markets regulator Sebi has imposed a total penalty of Rs 2.45 crore on 19 individuals for indulging in manipulative trading in the shares of Ushdev International.

The fine has been levied in the range of Rs 5 lakh to Rs 30 lakh on these individuals.

The regulator had conducted investigation in the scrip of Ushdev International during April, 2010

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By DK AggarwaldkThe Indian economy has shown sustained strong growth as major reforms undertaken over the past few years to support growth in the economy are beginning to show results. After sending most stressed companies for resolution under the new Indian Bankruptcy Code, the government has also focused on a major recapitalisation package to
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Wall Street opens lower as Nvidia hammers tech stocks
US stocks opened lower on Friday, as techology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials.

The Dow Jones Industrial Average fell 46.92 points, or 0.19 percent, at the open to 25,242.35. The S-P 500 opened lower by 11.66 points, or 0.43 percent, at 2,718.54. The Nasdaq

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RBI's board to consider surplus funds transfer
By Siddhartha Singh

The board of India’s central bank will meet on Monday to consider easing rules governing transfer of surplus funds to the government as well as liberalizing norms for weak banks to boost lending in the economy, people with knowledge of the matter said.

The Reserve Bank of India will also review rules on capital and risk weight

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Lower earnings of India Inc hit CEO bottom line
MUMBAI: Tepid corporate earnings have hit the wallets of top India CEOs. Average pay increases of managing directors and chief executive officers dropped to 8 per cent in FY18 from 10 per cent the previous year, amid a continuing slowdown in some sectors as companies grappled with cost increases and margin pressures. That compared with a 16 per
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Kotak Mahindra Bank surpasses Maruti in m-cap to enter top 10 club
New Delhi: Private sector lender Kotak Mahindra Bank's market valuation surpassed that of Maruti Suzuki to enter the top 10 club by market capitalisation in the country Friday.

It has also become the country's fourth most valued bank in terms of market capitalisation after HDFC Bank, State Bank of India (SBI) and ICICI Bank.

At the end of trade on

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Share market update: BSE Telecom index up nearly 5%; Vodafone Idea, Bharti Airtel shine
NEW DELHI: Telecom shares were trading mixed with the S-P BSE Telecom index trading 4.76 per cent up at 1029.73 on Friday.

Shares of Vodafone Idea (up 13.70 per cent), Bharti Airtel (up 7.13 per cent), GTPL Hathway (up 4.64 per cent) and Tata Communications (up 4.47 per cent) were the top gainers in the index.

GTL Infrastructure (down 4.67

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Fund houses should stop relying on 'scapegoat services' of credit rating agencies
By Dhirendra Kumar

Credit rating agencies appear to be in the business of supplying what could be called scapegoat services, while mutual funds think that as long as they have a scapegoat on standby, the job of bond fund management is done.

Over the past few months, a particular type of mutual fund is in turmoil, with investors developing a strong

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Tata Investment Corporation board approves Rs 450 crore share buyback
New Delhi: Tata Investment Corporation Friday said the board has approved buyback of up to 45 lakh shares aggregating a sum of Rs 450 crore.

The board of directors of the company at its meeting held Friday approved the buyback of the shares amounting to 8.17 per cent of the total paid-up equity share capital at Rs 1,000 per equity share, Tata

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MCX adds 5 more delivery centres for old and gold mini contracts
Aimed at further expanding the gold contracts’ footprint in India, Multi Commodity Exchange of India Ltd. (MCX) has added five more locations to the list of additional delivery centres for old and gold mini contracts. In addition to Ahmedabad (basis centre), Mumbai and New Delhi, the exchange has now set up additional delivery centres at Chennai,
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The outsideradvantage in investing: How does it work
By Saurabh Mukherjea"The successful iconoclast learns to see things for what they are and is not influenced by other people’s opinions. He keeps his amygdala [the fear centre of the brain] in check and doesn’t let fear rule his decisions. And he expertly navigates the complicated waters of social networking so that people eventually come to see thi
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Srei Infra reports 29% jump in profit at Rs 111 crore
Srei Infrastructure Finance Limited (Srei) along with its wholly-owned subsidiary Srei Equipment Finance Ltd reported a 29% jump in its consolidated profit after tax at Rs 110.97 crore for the quarter ended September 30, 2018, compared to Rs 86.03 crore profit posted in the corresponding period previous fiscal.

The growth in net profit follows a

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Govt sets sights on Rs 5,000 crore via share buybacks
The government is looking to mobilise Rs 5,000 crore through share buybacks by January-end, according to an ETNow report that quoted agencies.

The Centre expects Coal India share buyback to take off by January-end, the report said.

Stock of Coal India was 0.70 per cent up at Rs 264.90 in the afternoon trade while the BSE Sensex surged 0.62 per

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CLSA maintains its double overweight stance on India
Mumbai: CLSA’s chief strategist Christopher Wood has maintained a 'double overweight' on India in its Asia Pacific ex-Japan relative-return portfolio, while flagging off oil prices and further strength in the dollar as the biggest risk to its stance.

In his weekly newsletter Greed and Fear, Wood said that his base case will be to increase

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After Market: Who moved my Sensex and key movers shakers
Domestic equity market extended its rally for a second straight session on buying in index heavyweights amid inflows by foreign funds and strengthening rupee.

The BSE Sensex gained 196.62 points, or 0.56 per cent to 35,457.16, while the NSE Nifty index jumped 65.50 points, or 0.62 per cent, to 10,682.20.

“Market was rangebound with a positive bias

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Indian stock market notched up decent gains on Thursday despite struggling with the pattern resistance area. The NSE benchmark Nifty saw a tepid start and got stronger as the session progressed.

However, the 10,650 level again proved to be a crucial resistance area, as Nifty pared some of its gains in the second half of the day. The index

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Essar lenders seek dismissal of two applications against ArcelorMittal
MUMBAI: The committee of creditors in the Essar Steel bankruptcy case has sought the dismissal of two applications that could potentially delay debt resolution at the stressed steelmaker, for which ArcelorMittal has been chosen the winner by the lenders.

The interlocutory application, moved before NCLT Ahmedabad in this case, is generally used to

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Tech view: Nifty50 breaches 10,650 level, opens up to 10,710-10,750 range
NEW DELHI: The Nifty50 finally broke above the crucially important 10,650 level on a closing basis on Friday and opened up the way to the 10,710-10750 range as initial target.

The index formed a bullish candle on the daily chart. This was also the third week of gains for the index, which has made analysts foresee more upside in the near term.

“Near

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Banks could be recapitalised with govt bonds: S Gurumurthy
NEW DELHI: Indian banks could be recapitalised with government bonds, said an independent director on the central bank's board on Thursday, at a time when the Reserve Bank of India and the government are at loggerheads on regulatory issues.

S. Gurumurthy has been a vocal member on the RBI board asking for easier lending and capital restrictions

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Tax advisory body drags government to court over incentivising I-T commissioners
MUMBAI: All India Tax Practitioners, an association representing tax advisors, have dragged the tax department to court over incentivising commissioners of income tax (appeals)— who act as quasi judges in a tax dispute— for passing orders favouring the tax department.

A writ petition was filed in Delhi High Court challenging Central Board of

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F O: Nifty candles suggest bulls gaining upper hand in the market
By Chandan TapariaThe Nifty50 index opened in the positive on Friday and managed to settle above the immediate hurdle at 10,650 after consolidating for last nine sessions.

It has been making higher lows from last three sessions and hovering near its 50-day EMA. It formed a bullish candle on daily scale, after forming an Inside Bar in the last

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Sebi asks listed cos to disclose commodity risks in transparent, uniform manner
To benefit the shareholders and to bring clarity in disclosures, Sebi Thursday asked listed entities to disclose their risk management activities during the year, including their commodity hedging positions, in a more transparent and uniform manner.

The move comes after the regulator's board in March this year accepted this recommendation made by

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India’s government has proposed changing rules that will enable closer supervision of its central bank, people with knowledge of the matter said, a move that may undermine investor confidence in the world’s fastest-growing major economy.

Prime Minister Narendra Modi’s administration has recommended that the board of the Reserve Bank of India draft

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Stocks get their shine back as rupee finds its footing
Indian equities picked up more steam on Friday, riding on a rally in PSU bank, financial and energy shares.

It turned out to be the third straight week of gains for the key benchmarks.

Strong FII inflows along with a firm rupee suggested that investors are slowly but gradually overcoming their fears that had gripped Dalal Street over the last few

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ING sells Kotak Mahindra Bank shares worth Rs 1,440 crore
Dutch financial major ING on Thursday sold 1.27 crore shares in Kotak Mahindra Bank for a little over Rs 1,440 crore through an open market transaction. ING Mauritius Investments, the investment arm of the Dutch bank, held 3.73 per cent, or over 7.11 crore shares in the private lender at the end of September, data available with the stock
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MUMBAI: Tata Sons said it’s in preliminary discussions with Jet Airways but is yet to make any formal proposal to take over India’s second-biggest airline by revenue.

“Over the last few days there has been growing speculation in the print and electronic media about Tata’s interest in Jet Airways,” the Tata group holding company said in a release on

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GVK Power gets shareholders' nod to raise Rs 8,000 crore
New Delhi: GVK Power and Infrastructure Friday said that it has got shareholders' approval to raise up to Rs 8,000 crore.

The resolution to raise the funds, by a combination of various options listed on the agenda of the annual general meeting (AGM) held on Wednesday, has been passed by the requisite majority, the firm stated in a BSE filing

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Jet Airways shares soar on reports deal with Tata is close
BENGALURU: Shares of India's Jet Airways Ltd had their best day since listing on Thursday following media reports that the debt-laden airline was nearing a deal with Indian conglomerate Tata Sons Ltd.

Tata SIA Airlines, a joint venture between Tata Sons and Singapore Airlines that operates domestic carrier Vistara, is eyeing an all-stock merger

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