Net too decline to 6.7% in Q1FY18 from 6.9% in Q4FY17 and 7.78% in Q1FY17.The bank has reported a net profit of Rs 87.71 crore during the quarter under review, due to lower provisioning for bad loans. It had posted a loss of Rs 741 crore in the same quarter last fiscal.Net interest income (interest earned minus interest expended) however declined by 9% to Rs 2,533 crore from Rs 2,775 crore in the corresponding quarter of previous fiscal.crore decline fiscal interest net Q1FY17 Q1FY18 Q4FY17 quarter Rs
Former HHS Secretary Tommy Thompson on Anthem pulling out of ObamaCare in Nevada.
Looking to bring in more liquidity in derivatives, the (NSE) has significantly lowered transaction charges in currency futures. The new rate is applicable on both active and passive trade.Earlier, Rs 110 per crore transaction fee was levied on such contracts.As per the new slab structure for currency futures, incremental monthly turnover of over Rs 1,000 crore to up to Rs 2,000 crore will attract Rs 80 for every one crore of traded value.On monthly turnover of more than Rs 2,000 crore to at least Rs 3,000 crore will attract Rs 70 for every one crore of traded value, while the same for over Rs 3,000 crore would attract transaction charges of Rs 35 for every one crore of traded value.Earlier, the exchange used to levy a fee of Rs 30 per crore of traded value on monthly turnover of over Rs 35,000 crore.attract charges currency fee futures incremental Rs crore traded transaction turnover
Looking to bring in more liquidity in derivatives , the National Stock Exchange NSE ) has significantly lowered transaction charges in currency futures.The decision is expected to help in reducing trading and hedging costs for various entities, including small and medium enterprises.The fee starts at Rs 90 per crore of traded value for incremental monthly turnover of up to Rs 1,000 crore in the currency futures and it comes down as turnover rises. The new rate is applicable on both active and passive trade.Earlier, Rs 110 per crore transaction fee was levied on such contracts.As per the new slab structure for currency futures, incremental monthly turnover of over Rs 1,000 crore to up to Rs 2,000 crore will attract Rs 80 for every one crore of traded value.On monthly turnover of more than Rs 2,000 crore to at least Rs 3,000 crore will attract Rs 70 for every one crore of traded value, while the same for over Rs 3,000 crore would attract transaction charges of Rs 35 for every one crore of traded value.Earlier, the exchange used to levy a fee of Rs 30 per crore of traded value on monthly turnover of over Rs 35,000 crore.attract charges currency Exchange fee futures Rs crore traded transaction turnover
Donald J. Trump’s presidency has been so full of departures from the norms of international relations that uncertainty has seeped into the calculation of America’s plans. That has subjected the dollar to additional skepticism, enhancing the fundamental factors pulling it down, from worries about the strength of the American economy to improved fortunes in Europe and Asia.administration American currency dollar economic growth Mr Trump trade Trump United States
Hong Kong shares closed lower, mirroring regional peers hurt by mounting tensions on the Korean peninsula, but property firms rose, encouraged by a spin-off plan by a local developer.The Hang Seng index fell 0.4 per cent to 27,757.09 points, easing off more than two-year highs hit on Tuesday, while the China Enterprises Index lost 1.1 per cent to 10,962.60 points.Developers performed strongly after Hong Kong-based conglomerate Wharf Holdings said that its unit Wharf Real Estate Investment Co Ltd would submit an application for a separate listing on the main board.Wharf leaped 14 per cent higher while fellow developer Henderson Land Development Co ended up 2.6 per cent.Alex Wong, director at Ample Finance Group in Hong Kong , said that the market was upbeat about the Wharf spin-off. Tencent shares have risen nearly 70 per cent this year.The index measuring price differences between dual-listed companies in Shanghai and Hong Kong stood at 126.59.A value above 100 indicates Shanghai shares are pricing at a premium to shares in the same company trading in Hong Kong, and vice versa.cent developer Hong Kong index off shares spin The Wharf year
NEW DELHI: Shares of Insecticides (India) advanced over 4 per cent after the company reported 67 per cent year-on-year rise in net profit at Rs 30.50 crore for the quarter ended June 30, 2017 against Rs 18.22 crore in the corresponding quarter last year.Total income of the company increased 15.98 per cent YoY to Rs 345.63 crore during the quarter under review against Rs 298 crore in the same period last year.The scrip was trading 4.31 per cent up at Rs 751.10 around 2.05 pm (IST). Shares of the company opened at Rs 730 and touched a high and low of Rs 766.55 and Rs 711, respectively, in trade so far.BSE cent crore On quarter Rs shares The week year
You can switch off notifications anytime using browser settings.
The number of people with Alzheimer’s disease, a degenerative brain disease and the most common form of dementia, will rise by at least 14% in all 50 states over the next eight years.
States in the West and Southeast are expected to have the largest percentage increases in the number of people with Alzheimer’s between 2017 and 2025.Alzheimer brain common degenerative dementia disease increases projected rise states
The initiative, previously tested with the Boston-based money manager's employees, is a rare example of an established financial services company warming up to cryptocurrencies.
Starting Wednesday, most Fidelity clients will be able to authorize Coinbase, one of the largest crypto-currency exchanges in the United States, to provide the fund manager with data on their holdings.based Bitcoin Boston Coinbase currencies initiative manager money previously tested
You can switch off notifications anytime using browser settings.
While I do have some investments that would be considered “alternative,” at least 85% of my portfolio is invested in boring old index funds.
As mentioned, I am relatively conservative when it comes to RECF by limiting my investments to first position debt.deals debt equity estate crowdfunding investment loan platforms position project property
The government has tweaked the terms of sale of its 51.11 per cent stake in HPCL to ONGC by including phrases that will help avoid triggering an open offer, an official said.The Cabinet Committee on Economic Affairs (CCEA) had on July 19 granted 'in-principle' approval for strategic sale of the government's existing 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil and Natural Gas Corp (ONGC) "along with the transfer of management control, which will result in HPCL becoming a subsidiary company of ONGC".The Department of Investment and Public Asset Management (DIPAM) had on July 21 used the same formulation to invite expression of interest from investment and merchant bankers to manage the transaction.But, since the offer meant transfer of management control from government to ONGC, there was apprehension it would trigger Sebi's takeover code and compel ONGC to make an open offer to acquire an additional 26 per cent stake from the minority shareholders, he said.So, DIPAM on August 7 amended the terms to state that "HPCL will continue to be a Government company in terms of section 2(45) of the Companies Act, 2013 and will continue to be controlled by the Government of India through ONGC under the administrative control of the Ministry of Petroleum and Natural Gas ".Though the government is cashing out on its holding, the amended terms make it clear that it will continue to retain control of HPCL, the official said, adding since there is no transfer of actual control, there would be no requirement of an open offer.At today's trading price of Rs 431.85, ONGC would have to pay Rs 33,633 crore for buying government's 51.11 per cent stake. Had it been required to make an open offer, it would have had to shell out another Rs 17,100 crore to buy another 26 per cent from open market The rest will have to be borrowed, he said.Another change DIPAM made in the July 21 Request for Proposal (RFQ) by saying it wants to engage one advisor from reputed professional consulting firms/ investment bankers/ merchant bankers/ financial institutions/ banks for managing the disinvestment process, and not two as was advertised previously.Besides, one reputed law firm with experience and expertise in mergers and acquisitions or takeovers or strategic disinvestment would be appointed to act as legal adviser, according to the notice inviting bids.Bids have been invited for consultants and legal adviser by August 10, the notice said.The official said the government is keen to complete the transaction within the current fiscal.HPCL currently has 24.8 million tonnes per annum of refining capacity.cent stake government HPCL July official ONGC said Terms The transfer