Posts in category Economic Times
Have unclaimed dividends and shares? You can recover them (04-04-2024)
According to industry estimates, around ₹55,700 crore of shares and dividends have been shifted to the government's Investor Education and Protection Fund (IPEF) as they were lying unclaimed in demat accounts for several years.
Pabrai Investment sells shares in Edelweiss Financial Services (04-04-2024)
Shares of Edelweiss Financial Services gained 5.1% to close at ₹73.4. In the past month, the company's shares have declined 5.3%.
SBI, Standard Chartered do a CDS trade under new RBI norms (04-04-2024)
"This landmark transaction marks a pivotal moment in credit risk management and underscores the growing sophistication of financial instruments in the Indian market," said Parul Mittal Sinha, Head - Financial Markets, India, Standard Chartered Bank.
Be wary of Ads by investment gurus, many are tips by fraudsters (04-04-2024)
Many of these groups claim to be run by investors, fund managers, and advisers including Porinju Veliyath, Madhusudhan Kela, Ashish Kacholia, Anup Maheshwari and Rachana Ranade, among others. Some of them even claim to be run by popular television anchors.
Small merchants join UPI, size of payments falls (04-04-2024)
Average ticket size of UPI transactions fell 8% to ₹1,515, while average credit card ticket size rose 8% to ₹5,276, according to data from Worldline.
Flaring crude, US yields push rupee to lowest close of 83.44 (04-04-2024)
The domestic currency closed at 83.44 per US dollar on Wednesday, sliding from 83.38 Tuesday. So far in 2024, the Indian currency has depreciated 0.3% against the US dollar.
Cutting rates too soon could be ‘quite disruptive’: Powell (04-04-2024)
The US central bank has held interest rates at a 23-year high of between 5.25 and 5.50% as it seeks to bring inflation firmly down to its long-term target of two percent.
Crude oil on bouncy wicket: Govt says rising price a matter of anxiety (04-04-2024)
India's petroleum and natural gas ministry secretary, Pankaj Jain, has expressed concern over crude oil prices reaching $90 per barrel. The international benchmark, Brent, has increased from $15 per barrel in four months to $89 per barrel. India is the third-largest importer of crude oil and ships 88% of its requirements. The impact of high prices can only be gauged if they are sustained for long.
PFC pays Rs 2,033 crore interim dividend to govt for FY24 (03-04-2024)
PFC paid ₹2,033 crore dividend to the government for FY23-24 in three instalments. Highest-ever interim dividend presented to RK Singh. Total interim dividends of ₹3,630 crore distributed. PTI reported the record dividend payments.
More companies offer IVF coverage even as they rationalise costs (03-04-2024)
Rising IVF coverage in corporate health insurance renewals with sub-limits managing premiums. Firms add cosmetic benefits amid medical inflation. Growth attributed to health and wellness benefits.