Category Archives: Finance

Are Indian Banks losing their safety tag?

Rating agency Moody’s have downgraded stand-alone rating of State Bank of India to D+ from C- on the back of its modest capital, weakening asset quality and lower baseline credit assessment of Baa3 level. The public sector bank SBI’s NPA stood at 3.52% of its assets as of June 2011. The surprise cut in the…Continue Reading

Moody’s downgrade Italy’s credit rating!

Rating agency Moody’s has downgraded Italy credit rating by three notches to A2 from Aa2, citing material increase in funding risks and negative outlook. The downward pressure comes at a time when euro zone is still struggling to keep a smaller constituent economy like Greece as amply liquidated. The lowering of rating by Moody’s Investors…Continue Reading

Top 10 List of English Dailies and Magazines!

Top 10 List of English Dailies and Magazines!

Amongst English daily, Times of India tops the Indian Readership Survey for 2011-Q2 with a readership of 74.71 lakh, followed by Hindustan Times (37.37 lakh), The Hindu (20.77 lakh), The Telegraph (12.09 lakh) and Deccan Chronicle (10.88 lakh) forming Top 5 list of English dailies of the country. The Hindu witnessed a marginal drop in…Continue Reading

Will India Post offer Banking services?

Will India Post offer Banking services?

Infosys has bagged Rs.700-crore postal contract pertaining to financial services systems integration, according to a media report. The India Post IT modernization project is pegged at a total outlay of Rs.1877-crores, including creation of integrated, modular software solution covering postal operations, banking and insurance services. Under the new contract, Infosys would enable swifter postal banking…Continue Reading

Sunil Mittal’s Bharti Realty aims fast growth!

Sunil Mittal’s Bharti Realty aims fast growth!

After taking its telecom business to new heights, the Bharti Group now has plans to make big its real estate business to as high as amongst top three realtors in India. The company is said to be scouting for new projects, commercial assets and land parcels to kick off its plans initially. It is believed…Continue Reading

Top 5 Blue-chip Stocks for Investment!

Top 5 Blue-chip Stocks for Investment!

At a time when equity markets are struggling with fears of global slowdown and sovereign debt crisis in the advanced economies, it does make sense to invest money in strong fundamental blue-chip stocks which can bear the brunt of slowdown by their contribution to the Indian economy. You can either pick from the list of…Continue Reading

GAIL buys shale gas assets in US!

GAIL buys shale gas assets in US!

Gail has finally entered the emerging shale gas space to explore the prospects of unconventional source of energy found abundantly in the US. India’s biggest gas transportation firm has bought a 20% stake in Carrizo’s Eagle Ford Shale acreage position at a cost of $95 million. During mid-2010, even Reliance Industries had acquired stake in…Continue Reading

Today’s Gold price: Are Gold fundamentals safe?

Today’s Gold price: Are Gold fundamentals safe?

Today, gold prices tumbled sharply by 4.25% to Rs.25600 per 10 grams, down almost by Rs.1135 from previous session. Silver prices reflected even worse story – with the white shiny metal losing a tenth of its value, showing a cut of Rs.6200 at Rs.48000 per kg. While one can understand the proportion of drop in…Continue Reading

85% Indians wants to insure their Lifestyles!

85% Indians wants to insure their Lifestyles!

With soaring inflation and living costs, almost 85% of middle income earners in India aspire to pay higher insurance premiums to maintain the level of their lifestyles and amenities, points out an ING Investor Dashboard Survey. The survey further says that almost two-thirds of those whose risks are already covered, are now willing to fork…Continue Reading

Has Gold Bubble burst?

Has Gold Bubble burst?

Gold price in India now stands at Rs.26500 per 10 grams. Silver crashed over 10% to settle below Rs.53000 per kg. Apparently, the fears of global recession have spooked the prices of white shining, industrial metal hard and out. But, even yellow metal looked weak ahead of a likely Greek default and cracks in the…Continue Reading

Moody’s downgrade ratings of 8 Greek banks!

Moody’s rating agency downgraded ratings of 8 overstrained Greek banks – National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank, Agricultural Bank of Greece and Attica Bank – by two notches from Caa2 to B3 level. Moody’s downgraded the long-term deposit and debt ratings of all the eight Greek banks hit by acutely…Continue Reading

SEBI strikes on FIIs, Brokers over GDR maniuplation!

SEBI strikes on FIIs, Brokers over GDR maniuplation!

SEBI bars seven companies from share sale over manipulation in their stock using GDRs which are listed abroad. The stock market regulator also cracked down on five FIIs and five brokers on account of GDR faults; involved in synchronized trading where FIIs were sellers and brokers were the buyers, later dumped on gullible investors at…Continue Reading