Bombay Stock Exchange Limited.
Fine Organic Industries Limited. Issue Date: June 20 - June 22. Price Range: Rs 780 - Rs 783. Market Lot: 19. Face Value: 10. Sector: Specialty Chemicals. Location: Mumbai. Inc Yr: 2002. Listing at: NSE & BSE. Issue Size: Rs 600 Crore.
Jun 20, 2018
Zhou-Qunfei, an entrepreneur from China is the richest self-made woman worth 7.8 billion dollars. She had to take up a job in a factory at the age of 16 when her mother died. She made glass covers for smartphones. 2018 has a list of record 255 women who are the self-made billionaire, forming 67% of the list of which 72 self-made women are really worth emulating.
Jun 19, 2018
Infamy Nirav Modi flees to the United Kingdom, finding ways to seek political asylum based on Indian and British rules for an asylum. British officials have not sent out any official disclosure about the arrival of Nirav Modi in London, the fraudster is on the run seeking help to avoid extradition to India. On cheating the Punjab National Bank over 2 billion.
Jun 11, 2018
India's National Airliner- Air India's disinvestment process has been on the radar for some time as the debt-laden has no bidders to put their neck into the infamous national carrier. Mr.Suresh Prabhu, Civil Aviation Minister said that the future of Air India will be decided by the group of Ministers, other options would be discussed by the AISAM- Air India Specific Alternative Mechanism headed by Union Finance Minister Arun Jaitley.
Jun 8, 2018
Flipkart owned digital payments start-up had overtaken paytm to become the largest consumer payments company in the country in terms of total payment volume(TPV). The Bangaluru based firm had hit $20 billion in TPV annual run rate, making it the largest player in terms of transaction value. Phonepe had also crossed 100-million user mark. “That is what we believe based on the understanding we have... we are the largest consumer payments [company] in the country today,” said Rahul Chari, co-founder and chief technology officer of PhonePe.
Jun 5, 2018
IndiGo brings back the fuel surcharge due to the rising of oil prices and aviation turbine fuel (ATF). The surcharge will be applicable on domestic trips and it will be effective from the midnight of May 29, 2018. Passengers will be levied Rupees 200 on routes less than 1,000 km and Rupees 400 for routes longer than 1,000 km. Aviation experts say that it is possible that other airlines may follow the decision. IndiGo.
May 30, 2018
The issues of the proposed mega free trade deal will be discussed soon by the Chinese officials in a visit to India. The discussions started in Cambodian Capital Phnom Penh in 2012. Mega-regional trade deals are a fragile global economy. These trade deals are seen as a means to insulate economies from market uncertainties in an environment of falling aggregate demand. The mega-deal aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.
May 29, 2018
The looming trade war between U.S.A and China has been put on hold. Markets rose after the US said it reached an agreement with China to ease trade imbalances between the world’s two largest economies. The Treasury secretary, Steven Mnuchin, said on Sunday that “We’re putting the trade war on hold, right now, we have agreed to put the tariffs on hold while we try to execute the framework, We have made very meaningful progress and we agreed on a framework”.
May 24, 2018
The printing of 500 rupees notes has been ramped- up to about 3,000 crores every day to take care of the extra demand, Economic Affairs secretary Subhash Chandra Garg said. He said the cash situation in the country was "quite comfortable" and the extra demand was being fully met. -courtesy by "The Hindu"
May 7, 2018
Oil and Natural Gas Corporation Limited is going to increase the oil production by 17% and gas output by 24% from 2019 as it starts to commercially produce petroleum from deepwater block in the Krishna Godavari(KG) Basin. Sashi Shankar, ONGC chairman said”We have seen around 7% growth in gas production in 2017-18 over the previous year.We will increase oil production by 17% and gas production by 24% from 2019 onward, in a phased manner.”This development happened when oil production hit a 7 year low while gas production increased after 6 years.
May 1, 2018