Tag "Sensex"

It was a spectacular start to the market on Friday as the Sensex rallied more than 400 points after Moody’s upgraded India’s sovereign rating to Baa2. However, it lost steam later shedding nearly half of gains in last hour of

3:30 pm Market Check: Equity benchmarks rallied sharply after Moody’s upgraded India’s sovereign rating, but ended off day’s highs due to correction in technology stocks. The 30-share BSE Sensex was up 235.98 points or 0.71 percent at 33,342.80 and the

  3:18 pm Tie-Up: Reliance General Insurance Company (RGI), a subsidiary of Reliance Capital has signed a comprehensive Bancassurance – Corporate Agency agreement with Yes Bank, further augmenting its distribution network. The bank will distribute multiple general insurance products to

2:05 pm Niti Aayog on rating upgrade: India’s credit rating upgrade by Moody’s is a reflection of the country’s growth story, Niti Aayog Vice Chairman Rajiv Kumar said today and expressed hope that other global agencies such as S&P and

12:55 pm Market Check: The rally continued at Dalal Street as the Sensex surged 336.84 points or 1.02 percent to 33,443.66 after Moody’s upgraded India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on

11:25 am Buzzing: Shares of Vascon Engineers added 6.4 percent intraday on the back of sale of subsidiary’s Mumbai division. The board of directors of GMP Technical Solutions, a material subsidiary of Vascon Engineers has approved slump sale of its

3:29 pm Coal Mining: After the end of the monsoon season, iron ore extraction activity has started in Goa but the pace has been slow. Of the total 89 mines, only ten have started their operations, a senior Goa government

12:55 pm Management Interview: Umesh Revankar, MD, Shriram Transport Finance said they saw a pent-up demand for vehicle finance post goods and services tax (GST) because many had postponed their purchasing hoping for reduction in prices. So, post GST after

REUTERS – Indian shares rose on Thursday, buoyed by gains in refiners such as Reliance Industries Ltd as oil prices dropped overnight after crude oil and gasoline stockpiles rose unexpectedly in the United States. Inventories climbed 1.9 million barrels last

11:18 am List of richest families in Asia: India’s Mukesh Ambani family is the richest in Asia as its net worth rose USD 19 billion to USD 44.8 billion, toppling the Lees of the Samsung empire, to claim the numero