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  • PK Das to take over as Chairman of CBIC from January 1, 2019

    18 December, 2018 7:53 AM 33

    PK Das will take over from current Chairman S Ramesh, who retires on December 31. The Appointments Committee of the Cabinet has approved the appointment of Pranab Kumar Das as the Chairman of CBIC from January 1, 2019. Das will take over from current Chairman S Ramesh, who retires on December 31. The Central Board of Indirect Taxes and Customs (CBIC)

  • Buy United Breweries, target Rs 1390: Nandish Shah

    18 December, 2018 7:44 AM 36

    We recommend buying UBL for the target of Rs 1,390 and keeping a stop loss below Rs 1,250, says Nandish Shah of HDFC Securities. United Breweries (UBL) reversed northward after taking support near its 200-day SMA last week. It closed above its 5 and 20-day Simple moving averages. The stock price has also given a bullish downward sloping trendline breakout

  • Buy GAIL India, target Rs 380: Nandish Shah

    18 December, 2018 7:38 AM 35

    We recommend buying GAIL for the target of Rs 380 and keeping a stop loss at Rs 338, says Nandish Shah of HDFC Securities. After forming multiple bottoms around Rs 330 levels, GAIL India reversed northward to close above its 5, 20 and 200-days Simple moving averages. The stock price has also given bullish downward sloping trendline breakout, adjoining

  • Sri Lanka Parliament to convene on Tuesday for first time after PM Ranil Wickremesinghe's reinstatement

    18 December, 2018 7:29 AM 35

    Sri Lanka's Parliament is set to convene on Tuesday for the first time after the reinstatement of Ranil Wickremesinghe as prime minister that ended the 51-day political standoff in the country, but he and President Maithripala Sirisena are yet to agree on Cabinet positions. Sirisena, whose controversial actions plunged the island nation into an unprecedented

  • Banks race against time to replace magstripe cards as December 31 deadline nears

    18 December, 2018 6:23 AM 35

    The EMV cards, which have a chip embedded in them are considered more secure and less prone to card skimming at ATM machines Only Europay, Mastercard, Visa (EMV) chip and pin-based debit or credit cards will be valid from January 1, 2019, according to a circular by the Reserve Bank of India (RBI). The move has been initiated to tackle issue of electronic

  • Ashoka Buildcon rises 8% on investment by Morgan Stanley in gas distribution biz

    18 December, 2018 4:03 AM 37

    Ashoka Buildcon announced an Rs 150 crore investment commitment into its city gas distribution (CGD) business Unison Enviro (UEPL) by Morgan Stanley India Infrastructure. Share price of Ashoka Buildcon added 8.2 percent intraday Tuesday on investment by Morgan Stanley India Infrastructure in the gas distribution business of the company. Ashoka Buildcon

  • Rupee trades higher at 71.29 per dollar

    18 December, 2018 3:30 AM 29

    The Indian rupee is trading higher by 26 paise at 71.29 as compared to previous day close of 71.55. Rupee in the last few sessions consolidated in a wide range of 71.20 and 72.30 ahead of the important FOMC policy statement that will be released tomorrow. Expectation is that the Fed could consider raising rates by 2bps and a hawkish stance could extend

  • Infibeam partners Suvidhaa Infoserve

    17 December, 2018 4:15 PM 38

    BSE-listed Infibeam Avenues on Monday said it has forged an alliance with Suvidhaa Infoserve for last-mile delivery of financial products and services. Both companies are planning to develop an omni-channel marketplace, whereby will be connected to Suvidhaa's vast network of 91,000 outlets under 4,500 pin codes, a statement said. Suvidhaa

  • Vijay Rupani sees political motive behind Naveen Patnaik's Gujarat visit

    17 December, 2018 2:36 PM 62

    Gujarat Chief Minister Vijay Rupani on Monday suspected a political motive behind Odisha Chief Minister Naveen Patnaik's maiden visit to Surat ahead of the 2019 general elections. While Rupani came down to the capital of Odisha to address a press conference on the Rafale fighter aircraft deal in the aftermath of the Supreme Court judgment, Patnaik flew out to Gujarat

  • Chidambaram counters Jaitley's arguments against JPC probe into Rafale deal

    17 December, 2018 2:12 PM 40

    Senior Congress leader P Chidambaram on Monday rejected Finance Minister Arun Jaitley's argument against a JPC probe into the Rafale deal, saying the government and Parliament have overruled Supreme Court verdicts in the past, most recently in the SC/ST Act. His counter came as Jaitley, while ruling out referring the Rafale deal to a parliamentary panel