A peak into India’s first budget before independence

As we eagerly cross our calendars for tomorrow, let us learn about India’s first budget. The first budget in India, (then British India) was presented by Scotsman James Wilson. ... Read more »

Fed holds interest rates steady, speaks of a dovish stance in future

The Fed on Wednesday has said it has kept rate cuts steady and indicated no such cut for 2019. Many say that slashing rate may not be the answer to... Read more »

Trump-Xi anticipated meet sets Dow to a 400-point high, Indian markets sink

With the Dow rallying to a 400 point high, US markets saw steady gain. Trump’s tweet has reported sent the market into a tizzy, calming the US-China earlier trading... Read more »

RBI slashes rates by 25 bps; move could help GDP, NBFCs recover

In a bid to tackle the liquidity crisis, the RBI has cut rates by 25 basis points. This move comes a month prior to the 2019 Budget presented by... Read more »

PSU banks steady as capital infusion by government underway

Shares of PSU banks saw strong gains in an otherwise weak market on Tuesday. Reports have surfaced that the finance ministry is expected to infuse Rs 40,000 crore in state-owned banks... Read more »

Market thumbs huge gains to Modi’s likely second term, Sensex booms over 1000 points

With the Modi wave having an effect in most part of the country, the markets have felt a fair share of the impending election poll results. As euphoria grips investors... Read more »

Polycab achieves revenue of Rs 79,560 mn in FY19, up by 18% yoy; sales and product mix raises EBITDA

Newly listed company Polycab India Limited reported a decent FY19 revenue (net of excise) of Rs 79,560 mn up by 18% yoy. This growth can be attributed to the... Read more »

IIFL’s new venture targets fresh graduates with its financial advisory product.

IIFL has provided an instant solution for countless graduates and job-seekers with its Advisor Anytime Anywhere (AAA) product. This new venture hopes to establish a fresh league of young,... Read more »

HDFC results: Total income soars 22% from previous corresponding quarter

HDFC Bank has released its financial results for the quarter and financial year ended March 31, 2019. The standalone results have had a paradigm shift with a total income... Read more »

RIL Q419 Results: Reliance Industries net profit surges 9.8% to Rs 10362 cr

Reliance Industry (RIL) on Thursday reported a moderate consolidated profit of Rs 39,588 crore ($ 5.7 billion) given the high crude prices in the last few months. It even... Read more »