News

Sensex Sets For 10 Years Longest Winning Run As Nifty Registers Gain

On Wednesday, Indian share market witnessed a steady increase, thus ready to set for a consecutive winning session for the 10th time. With hopes of strong results in the first quadrant, the stocks of consumer staples have been the top gainer in the share market. The gains that are observed in broader Asian Stocks, with shares from Asia-Pacific’s MSCI index, is also responsible for boosting sentiments of investors outside Japan up to 0.5%. Since early-October 2007, the Sensex of BSE with 0.2% higher benchmark, began its longest winning streak at 34,465.17 points. Also, the NSE Nifty observed a growth of 0.16% at 10,565.10 points, on 0554 GMT, thus posting its long run of winning since later-January of the year 2015. As per Vice President, Siddharth...

PM Modi’s ambitious plan to get millions more Indians flying faces turbulence

The programme initiated by Modi last year aims to boost economic growth by refurbishing idled colonial-era airstrips or building mint airports and incentivizing airlines to offer discounted fares to connect them with bigger cities. However, the work of upgrading existing facilities and construction of new airports in small towns has failed. Two of the government officials said, “could knock off course the government’s lofty goal of bringing 100 million more passengers to the skies in the next five years”. the two officials commented, “But with even the first phase still behind schedule--flights have begun on just 60 of the 128 planned routes--the government plans to delay the start of phase three”. Under Modi’s “regional connectivity scheme”, the government aimed to organize at least 31 new...

If You Are An Investor, Re-balancing Mutual Fund Portfolio is a Must

Over a time period, the asset that belongs to different class moves in various directions and resulting changes in an individual’s asset allocation over time. Hence, it is necessary for an investor to rebalance his/her mutual fund portfolio on regular basis. Portfolio Rebalance Meaning Whenever the markets are moving up and down, the allocations of an individual’s asset changes according to it. During markets rally that continues for a long time, the equity allocation can go up or it can also go down if the markets correct, hence, results in a change in asset allocation. Therefore, as an investor, it is your responsibility to rebalance it, in order to retain back the original allocation of the asset. In short, the process of portfolio rebalancing involves...

Markets Wrap- Stocks Driven High by M&A as Dollar Rises to 2018

2018 is the year that experienced the highest growth in the dollar rate. U.S Stocks drove towards a higher level following a series of mergers and accretion while the USD reached a high level. Tech shares were the best ones who were performing in the United States, lifting the S&P 500 Index. The prices of oil were the highest, since the month of November 2014 on conjecture of the United States. The price rise would pull out of the Iran Nuclear concede. The U.S President Donald Trump said that he would announce a decision on Tuesday that would state a report that the European ambassadors were on a better level to convince Trump not to withdraw. While looking at the Stoxx we found that the...

SoftBank to sell Flipkart stake to Walmart, first known as Vision Fund divestment

On Wednesday the SoftBank Corporation announced that it was selling 20 percent of its stake in Flipkart to Walmart Inc. This is to be marked as the first ever public investment by the Vision Fund of the company. The U.S based multinational retail giant Walmart said that it was paying $16 billion for a stake of around 77 percent in India’s e-commerce firm Flipkart. However, the company is in a state of betwixt whether the Japanese tech investment giant would hover as a shareholder. CEO Masayoshi Son said that the investment in the Flipkart deal was over $4 billion. SoftBank did not let the terms of sale bare this month. In August 2017 the Vision Fund has made an investment worth $2.5 billion in Flipkart....