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100% return in 11 days: Anil Ambani’s RCom shares dazzle as NCLAT seals the deal with Mukesh Ambani’s Jio

Shares of Anil Dhirubhai Ambani Group’s telecom company Reliance Communications (RCom) have doubled the money in just 11 days returning as much as 100% as NCLAT on Wednesday allowed RCom to proceed with the asset sale to Mukesh Ambani-controlled Reliance Jio Infocomm and Brookfield. Further, NCLAT (National Company Law Appellate Tribunal) had stayed the order of NCLT (National

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China PMI Data Flash

With both China’s Manufacturing and Servies PMI’s coming in above consensus it suggests manufacturing remains resilient and domestic growth is chugging along. And amid trade and tariff tensions, this should be interpreted positively. at least for the next 20 minutes !!. However, trade fears are up front and centre again following news that the Trump Administration

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Nifty slips below 10,600, Sensex cracks 214 points as Italian political crisis triggers global sell-off

Indian stock markets Nse and Bse crashed in the early morning trades on Wednesday with BSE Sensex losing more than 200 points and NSE Nifty slipping below 10,600-mark on subdued global sentiment with regard to the escalated worries over Italian political crisis. A heavy sell-off was witnessed in the regional Asian peers on Wednesday following the downbeat Wall

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Candlestick Charts: The Most Used Candlestick Patterns

Candlestick Charts The Most Used Candlestick Patterns Candlestick pattern (or formation) is the term of technical analysis used in the forex, stock, commodity, and other markets in order to portray the price patterns of a security or an asset. Candlestick charts are easy to understand and provide ahead indications regarding the turning points of the

sensex and nifty
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Sensex Ends Day in Red; Bank Stocks Top Losers

After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a negative note. Sectoral indices traded on a mixed note, with stocks in the banking sector and stocks in the pharma sector, leading the losses. At the closing bell, the BSE Sensex stood

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Coal India aims to be world’s most-efficient coal miner, says new CMD

Coal India Ltd,  world’s largest miner, now aspires to be the “most-efficient” coal producer, with an aim to bring down costs to a “bare minimum” level as the sector opens up for commercial mining. “We are the world’s largest coal producer, but we wish to be the most-efficient coal miner,” newly-appointed CIL Chairman and Managing

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RBI unearths additional $7 billion bad loans at India’s five biggest lenders

Bad loans at India’s five biggest state-run banks were about 456.8 billion rupees ($6.8 billion) more than the lenders had assessed. Audits by the regulator for the year ended March 31, 2017, revealed the discrepancies, triggering large losses as the banks increased provisions. If you add IDBI Bank Ltd., which doesn’t feature among the biggest

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L&T Q4 profit up 5% YoY at Rs 3,167 cr; Expects 12-15% revenue growth in FY19

Consolidated EBIDTA was 24.3 percent at Rs 5,390 crore. Consolidated EBIDTA margin was up at 13.2 percent. Larsen and Toubro (L&T) Monday reported a 4.6 percent year-on-year (YoY) rise in March quarter consolidated profit at Rs 3,167 crore, beating estimates. The net profit in the same quarter of previous year stood at Rs 3,025 crore. Revenues