Reliance Infra's Rs 3,000-crore InvIT fund gets NHAI approval
Uploading Date : 30-03-2017Reliance Infrastructure has received National Highways Authority of India’s consent for its planned Rs 3,000 crore-Infrastructure Investment Fund, making it the first road developer to get the approval, which clears the way for it to hit the capital market...............
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RBI may keep rates unchanged in April; cut 25 bps in August: BofAML
Uploading Date : 30-03-2017The Reserve Bank is likely to keep key interest rates unchanged on April 6, while there is scope for a rate cut in the August meet on slow growth and benign inflation, says a report.............
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PVR eyes Rs 4,000 crore revenue in 5 years
Uploading Date : 29-03-2017Multiplex operator PVR is aiming to double its revenue to around Rs 4,000 crore and screen count to 1,000 across the country in next five years. "Our strategy is to increase screen penetration in India. We are about 570 screens and in next four to five years we would double screen count and cross 1,000 screen...........
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Markets end the day higher ahead of March F&O expiry; Nifty Bank up 0.8%
Uploading Date : 29-03-2017Benchmark indices settled the day higher with the Nifty settling near 9,150- mark led by banking stocks. While strong foreign investments lifted the sentiment, broader gains were capped ahead of March F&O series expiry..........
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ET GBS 2017: Banks should team up with FinTech startups, says Rana Kapoor
Uploading Date : 28-03-2017Universal banks need to explore partnerships with entities such as payments banks, small finance banks and FinTech startups to achieve a more financially included society, said YES BankBSE 0.29 % Managing Director Rana Kapoor, while he warned banks against strategies of trying out indigenous solutions.........
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Axis Bank top Sensex gainer as it raises funds worth $10 million
Uploading Date : 28-03-2017Shares of Axis Bank rose nearly 3% after the private sector bank informed the bourses that it has raised senior notes in the international market. Reacting to the development, the stock gained as much as 2.6% to Rs 450 on the BSE, and was the leading Sensex gainer................
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Sensex down 200 points, Nifty slips below 9,050; PSU Bank index sole gainer
Uploading Date : 27-03-2017The benchmark indices on Monday continued to trade lower tracking weak global gues after US President Donald Trump's failure on healthcare reform raised questions about his ability to push through tax cuts and fiscal spending to boost the economy.............
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Good news on all fronts for Vedanta
Uploading Date : 27-03-2017For Vedanta, it seems that almost everything is falling in place. First, with base metal prices rebounding, its business prospects have improved. The company’s operating profits in December quarter was the highest in last seven quarters. Not surprisingly then, its stock price has grown more than three-folds from lows of Rs 60 last February to highs of Rs 275.40 in March 2017; and closed at Rs 267 on Friday. Despite this rally, there are more triggers and as the outlook remains firm there could be more gains ahead...................
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