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Yahoo Finance - Business finance, stock market, quotes, newshttps://in.finance.yahoo.com/news/fed-keeps-rates-steady-approves-180605785.html -- Fed keeps U.S. rates steady, to start portfolio drawdown in OctoberWed, 20 Sep 2017 16:26:56 -0500

Fed keeps U.S. rates steady, to start portfolio drawdown in OctoberThe U.S. Federal Reserve left interest rates unchanged on Wednesday but signalled it still expects one more increase by the end of the year despite a recent bout of low inflation. The Fed, as expected, also said it would begin in October to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis. New economic projections released after the Fed's two-day policy meeting showed 11 of 16 officials see the "appropriate" level for the federal funds rate, the central bank's benchmark interest rate, to be in a range between 1.25 percent and 1.50 percent by the end of 2017, or 0.25 percentage points above the current level.


https://in.finance.yahoo.com/news/wall-st-falls-fed-signals-184503776.html -- Wall Street closes slightly higher after Fed policy decisionsWed, 20 Sep 2017 15:58:29 -0500

Wall Street closes slightly higher after Fed policy decisionsThe S&P 500 and the Dow ended slightly higher on Wednesday, adding to their string of closing records, after the Federal Reserve signalled it expects another interest rate hike by year-end and disclosed timing for reducing its balance sheet. The Fed left rates unchanged for now, as was widely anticipated, but investors' expectations changed for December after the U.S. central bank signalled one more rate hike by year-end despite recent weak inflation readings. In line with expectations the Fed said it would begin in October to cut its roughly $4.2 trillion in U.S. Treasury bonds and mortgage-backed securities holdings by initially cutting up to $10 billion each month from the amount of maturing securities it reinvests.


https://in.finance.yahoo.com/news/government-sets-terms-businesses-deregistering-201627217.html -- Government Sets Terms For Businesses Deregistering Brands For Lower GSTWed, 20 Sep 2017 15:16:27 -0500

Government Sets Terms For Businesses Deregistering Brands For Lower GSTBusinesses that want to deregister their brands will have to file an affidavit before the tax commissioner.


https://in.finance.yahoo.com/news/sbi-life-ipo-subscribed-0-201232626.html -- SBI Life IPO Subscribed 0.09 Times On First Day Of BiddingWed, 20 Sep 2017 15:12:32 -0500

SBI Life IPO Subscribed 0.09 Times On First Day Of BiddingSBI Life IPO subscribed 0.09 times on the first day of bidding. 


https://in.finance.yahoo.com/news/apple-watch-fails-tick-reviewers-184204913.html -- Apple concedes new watch has connectivity glitchWed, 20 Sep 2017 14:58:06 -0500

Apple concedes new watch has connectivity glitchSeveral prominent reviewers said Wednesday they could not recommend the device because of cellular data connectivity glitches. Unlike previous versions of the watch, it has cellular network connectivity built in. Apple said the watch can experience LTE connectivity problems when it connects to open wi-fi networks that require a login screen, such as at a hotel or a coffee shop.


https://in.finance.yahoo.com/news/asia-steady-wall-street-notches-005511891.html -- Treasury yields jump, global stocks dip after Fed statementWed, 20 Sep 2017 14:49:31 -0500

Treasury yields jump, global stocks dip after Fed statementU.S. Treasury yields rose, the dollar gained while U.S. stocks fell on Wednesday after the U.S. Federal Reserve signalled it expects one more interest rake hike by the end of the year. In its statement, the Fed, as expected, left rates unchanged and also said it would begin in October to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities. fell 11/32 in price to yield 2.29 percent, up from 2.24 percent before the Fed’s statement and the highest level since Aug. 8.


https://in.finance.yahoo.com/news/face-tata-group-change-next-193803179.html -- Face of Tata group to change in next decade, Ratan Tata saysWed, 20 Sep 2017 14:38:03 -0500

Face of Tata group to change in next decade, Ratan Tata saysThe face of salt-to-software conglomerate Tata will change in the next 10 years as it moves forward with adopting new technologies and responds to the needs of a fast-growing nation, former chairman Ratan Tata said in a CNBC TV18 interview on Wednesday. Hinting at consolidation and possible divestments of certain businesses which once defined the group, Tata said the conglomerate may look very different in the next decade, although the 150-year-old group will always strive to retain its culture. "There will be companies who were not there earlier and companies that were there, not there 10 years from now, because they may not be relevant or they may be sold off or transferred to other companies," said Tata, who is currently chairman of the trusts that control two-thirds of holding company Tata Sons.


https://in.finance.yahoo.com/news/m-m-consolidates-farm-equipment-185752935.html -- M&M Consolidates Farm Equipment Business In Turkey, Acquires Second CompanyWed, 20 Sep 2017 13:57:52 -0500

M&M Consolidates Farm Equipment Business In Turkey, Acquires Second CompanyM&M acquires second farm equipment company in Turkey


https://in.finance.yahoo.com/news/u-existing-home-sales-fall-144915689.html -- U.S. home sales hit 12-month low, Harvey weighs on HoustonWed, 20 Sep 2017 13:51:43 -0500

U.S. home sales hit 12-month low, Harvey weighs on HoustonU.S. home resales fell to their lowest in a year in August as Hurricane Harvey depressed activity in Houston and a persistent shortage of properties on the market sidelined buyers. The third straightly monthly decline in sales reported by the National Association of Realtors on Wednesday came on the heels of data on Tuesday showing a drop in homebuilding activity in August. The reports suggest housing will probably weigh on economic growth again in the third quarter.


https://in.finance.yahoo.com/news/sanofi-tests-three-one-antibody-182404437.html -- Sanofi tests three-in-one antibody to treat or prevent HIVWed, 20 Sep 2017 13:24:04 -0500

Sanofi tests three-in-one antibody to treat or prevent HIVA three-pronged man-made antibody, created by French drugmaker Sanofi and U.S. scientists, could offer a new way to treat or prevent HIV, following successful tests in monkeys. Plans are under way to try the so-called trispecific antibody in initial human trials before the end of 2018, potentially adding a new weapon in the fight against AIDS, assuming the product proves safe and effective. If all goes well, the three-in-one antibody could be used either as a long-acting treatment or a vaccine, according to Sanofi Chief Scientific Officer Gary Nabel.


https://in.finance.yahoo.com/news/russias-b-n-bank-seeks-082116047.html -- Bank bailout hits Russia as B&N asks central bank for aidWed, 20 Sep 2017 13:14:50 -0500

Bank bailout hits Russia as B&N asks central bank for aidRussia's B&N Bank, the country's 12th biggest lender by assets, has sought a bailout from the central bank, just three weeks after another leading Russian bank had to be rescued. The central bank confirmed it was in talks with B&N Bank's owners about the request, with a decision due in the near future, and said it had provided the bank with an emergency cash injection. There was no immediate sign of contagion and banking sector insiders said that while the problems that triggered the crises at B&N Bank, and previously Otkritie, could hit other lenders, only a few were vulnerable and the risk of a wider crisis small.


https://in.finance.yahoo.com/news/exclusive-italys-unicredit-signals-interest-181419079.html -- EXCLUSIVE: Italy's UniCredit signals interest in deal with Germany's Commerzbank - sourcesWed, 20 Sep 2017 13:14:19 -0500

EXCLUSIVE: Italy's UniCredit signals interest in deal with Germany's Commerzbank - sourcesItaly's UniCredit has recently told Berlin it is interested in eventually merging with state-backed Commerzbank, two people familiar with the matter said, a combination that would create one of Europe's biggest banks. Italy's largest bank, which is scouting for potential partners in Europe, signalled its interest in what would likely be an all-share deal which could come once UniCredit's turnaround over the next two years is complete, they added.


https://in.finance.yahoo.com/news/exclusive-toshiba-selects-bain-group-033616198.html -- Toshiba to sell chip unit to Bain Capital-led group for $18 billionWed, 20 Sep 2017 13:10:15 -0500

Toshiba to sell chip unit to Bain Capital-led group for $18 billionJapan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. In a last-minute twist to a long and highly contentious auction, Toshiba said in a late-night announcement through the exchange it agreed to sign a contract for the deal worth about 2 trillion yen ($18 billion). Late on Tuesday, sources had said Toshiba was leaning towards selling the business to its U.S. joint venture partner Western Digital Corp.


https://in.finance.yahoo.com/news/waymo-seeking-2-6-billion-180745466.html -- Waymo seeking $2.6 billion from Uber for one trade secret - lawyerWed, 20 Sep 2017 13:07:45 -0500

Waymo seeking $2.6 billion from Uber for one trade secret - lawyerAlphabet Inc's Waymo unit is seeking about $2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars, a lawyer for Uber said on Wednesday. Uber Technologies Inc attorney Bill Carmody disclosed the figure in a hearing in federal court in San Francisco, where both companies are discussing whether a trial in the case will begin next month. Waymo has asserted claims that Uber stole several of its trade secrets.


https://in.finance.yahoo.com/news/wall-street-opens-little-changed-140823577.html -- Wall Street flat; all eyes on Fed policy decisionWed, 20 Sep 2017 13:00:25 -0500

Wall Street flat; all eyes on Fed policy decisionU.S. stocks were little changed in early afternoon trading on Wednesday as investors awaited the Federal Reserve's policy decision for clues on the future path of interest rates. Investors will closely follow Fed Chair Janet Yellen's press conference for views on inflation. The central bank is likely to keep interest rate unchanged and say that it will start unwinding its holdings of about $4.2 trillion in bonds and mortgage-backed securities.


https://in.finance.yahoo.com/news/nearly-22-lakh-gst-returns-174844429.html -- Nearly 22 Lakh GST Returns Filed Till 6 PM, Deadline Ends MidnightWed, 20 Sep 2017 12:48:44 -0500

Nearly 22 Lakh GST Returns Filed Till 6 PM, Deadline Ends MidnightGST return filing would continue till midnight.


https://in.finance.yahoo.com/news/india-surpass-ambitious-solar-targets-173521588.html -- India Can Surpass Its Ambitious Solar Targets, Says Top OfficialWed, 20 Sep 2017 12:35:21 -0500

India Can Surpass Its Ambitious Solar Targets, Says Top OfficialTop government official’s tall claims on country’s renewable energy capacity 


https://in.finance.yahoo.com/news/thyssenkrupp-tata-steel-sign-european-043810166.html -- Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmakerWed, 20 Sep 2017 12:18:08 -0500

Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmakerESSEN, Germany/MUMBAI (Reuters) - Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros ($18 bln). The deal, which is preliminary, will help the companies address overcapacity in Europe's steel market, which faces cheap imports, subdued construction demand and inefficient legacy plants. The transaction will not involve any cash, Tata Steel said, adding both groups would contribute debt and liabilities to achieve an equal shareholding and remain long-term investors.


https://in.finance.yahoo.com/news/nclat-verdict-over-cyrus-mistry-170945162.html -- NCLAT Verdict Over Cyrus Mistry’s Waiver Plea TodayWed, 20 Sep 2017 12:09:45 -0500

NCLAT Verdict Over Cyrus Mistry’s Waiver Plea TodayMistry-Tata battle: NCLAT to pronounce verdict on waiver plea on Thursday


https://in.finance.yahoo.com/news/nasscom-offers-rs-10-lakh-170004276.html -- Nasscom offers Rs 10-lakh grant for social innovationsWed, 20 Sep 2017 12:00:04 -0500

Nasscom offers Rs 10-lakh grant for social innovationsBengaluru, Sep 20 (IANS) Nasscom Foundation of the Indian IT industry apex body on Wednesday announced a Rs 10-lakh grant each for mentoring technology-based social innovations in five thematic areas. "The Nasscom Social Innovation Forum (NSIF) will award grants of Rs 10 lakh each to winners of innovations in five areas of financial inclusion, healthcare, environment, education and accessibility," the Foundation said in a statement here. The forum has invited applications from non-government organisations (NGOs) and social enterprises across the country with innovative projects that use technology for solving key development issues.


https://in.finance.yahoo.com/news/indian-billionaire-agarwal-buy-bigger-162824105.html -- Indian billionaire Agarwal to buy bigger stake in Anglo AmericanWed, 20 Sep 2017 11:59:36 -0500

Indian billionaire Agarwal to buy bigger stake in Anglo AmericanVolcan Investments, the family trust of the chairman of diversified miner Vedanta, on Wednesday said it was increasing its stake in Anglo American but did not intend to make a bid for the entire company. Anglo American declined to comment. Following a recovery on the commodity markets, Anglo American's shares have risen by more than 11 percent this year, building on a nearly 300 percent rally last year, which led gains on the London stock market.


https://in.finance.yahoo.com/news/india-kazakhstan-expand-oil-gas-164204621.html -- India, Kazakhstan to expand oil, gas, nuclear tiesWed, 20 Sep 2017 11:42:04 -0500

India, Kazakhstan to expand oil, gas, nuclear tiesNew Delhi, Sep 20 (IANS) India and Kazakhstan on Wednesday discussed expanding cooperation in hydrocarbons and nuclear energy sectors, as well as expanding the International North-South Transport Corridor by linking it to the Kazakhstan-Turkmenistan-Iran rail link, an official statement said here on Wednesday. These and other issues figured at the two-day meeting of the Inter-Governmental Commission (IGC) with Kazakhstan, co-chaired by Petroleum Minister Dharmendra that ended on Wednesday in the central Asian nation's capital at Astana, an Indian Petroleum Ministry release said.


https://in.finance.yahoo.com/news/reliance-jio-says-lower-interconnect-163629943.html -- Reliance Jio Says Lower Interconnect Charge Benefits Users, Not The CompanyWed, 20 Sep 2017 11:36:29 -0500

Reliance Jio Says Lower Interconnect Charge Benefits Users, Not The CompanyCustomers should be able to enjoy IUC relief, says Reliance Jio.


https://in.finance.yahoo.com/news/oil-rises-iraq-signals-possible-005102608.html -- Oil up 2 percent despite U.S. crude build; set for best Q3 since 2004Wed, 20 Sep 2017 11:23:38 -0500

Oil up 2 percent despite U.S. crude build; set for best Q3 since 2004Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts. Brent crude futures rose $1.06, or 1.9 percent, to $56.20 a barrel by 12:19 p.m. EDT (1619 GMT), while U.S. West Texas Intermediate (WTI) crude futures gained 91 cents, or 1.8 percent, to $50.39. U.S. crude oil stockpiles jumped last week as imports and production increased, the U.S. Energy Information Administration said, as operations resumed from the impact of Hurricane Harvey which hit the Gulf Coast on Aug. 25.


https://in.finance.yahoo.com/news/trai-orders-sharp-cut-mobile-025222425.html -- Indian telecoms fee cut seen boosting upstart operator Reliance JioWed, 20 Sep 2017 11:15:12 -0500

Indian telecoms fee cut seen boosting upstart operator Reliance JioThe Indian telecoms regulator's decision to reduce a fee operators pay each other for calls made from one network to another could help upstart operator Reliance Jio to step up its aggressive push for market share. While the regulator's move is a negative for market leaders Bharti Airtel, Vodafone India and Idea Cellular, which earn revenue from rivals for every call made to their networks, it will save Reliance Jio hundreds of million of dollars, analysts said. Jio, backed by India's richest man, Mukesh Ambani, has shaken up the market since its launch last year, offering unlimited free calls and cut-rate 4G data services.


https://in.finance.yahoo.com/news/tata-steel-europe-transfer-2-155321932.html -- Tata Steel Europe To Transfer €2.5 Billion Debt To JV With ThyssenkruppWed, 20 Sep 2017 10:53:21 -0500

Tata Steel Europe To Transfer €2.5 Billion Debt To JV With ThyssenkruppThe joint venture will have a total debt of around €6.5 million.


https://in.finance.yahoo.com/news/revenue-public-spending-arun-jaitley-144451783.html -- Need Revenue For Public Spending: Arun Jaitley On High Oil TaxesWed, 20 Sep 2017 09:44:51 -0500

Need Revenue For Public Spending: Arun Jaitley On High Oil TaxesHow will you build highways, Arun Jaitley says when asked if he would consider cutting excise duty.


https://in.finance.yahoo.com/news/additional-measures-anvil-boost-growth-143053788.html -- Additional Measures On The Anvil To Boost Growth, Arun Jaitley SaysWed, 20 Sep 2017 09:30:53 -0500

Additional Measures On The Anvil To Boost Growth, Arun Jaitley SaysAdditional steps to bolster the economy will be announced after consulting PM Modi. 


https://in.finance.yahoo.com/news/fed-conflicted-tepid-u-inflation-050210508.html -- Fed conflicted by weak U.S. inflation, global economic reboundWed, 20 Sep 2017 09:26:21 -0500

Fed conflicted by weak U.S. inflation, global economic reboundCaught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly. The U.S. central bank's description of inflation in its policy statement as well as fresh economic forecasts from individual policymakers will be the main focus for financial markets amid a recent spate of lukewarm domestic data.


https://in.finance.yahoo.com/news/gold-range-bound-ahead-u-035629139.html -- Gold steady ahead of Fed policy decisionWed, 20 Sep 2017 09:25:00 -0500

Gold steady ahead of Fed policy decisionGold prices were steady on Wednesday, aided by a weaker dollar ahead of a U.S. Federal Reserve policy announcement at 1800 GMT that could signal whether it will raise interest rates for a third time this year. A threat by U.S. President Donald Trump to "totally destroy" North Korea also helped to push the dollar lower while stimulating demand for gold, seen as a safe investment in times of uncertainty. Spot gold was flat at $1,311.21 an ounce by 1345 GMT, having hit a 2-1/2 week low on Monday at $1,304.10.


https://in.finance.yahoo.com/news/thyssenkrupp-wont-hook-tata-steel-142107876.html -- Thyssenkrupp won't be on the hook for Tata Steel pensions - CFOWed, 20 Sep 2017 09:21:07 -0500

Thyssenkrupp won't be on the hook for Tata Steel pensions - CFOThyssenkrupp will not be liable for any future funding demands of a new pension scheme sponsored by Tata Steel in Britain, its chief financial officer said, removing a key source of uncertainty in the companies' planned joint venture. Tata Steel last month received approval to separate itself from the existing British Steel Pension Scheme (BSPS) through a deal that will cut the scheme's 15 billion pounds ($20.29 billion) in liabilities. It wants to underwrite a new pension scheme with lower benefits for members, ridding itself of several billions of pounds in retirement liabilities.


https://in.finance.yahoo.com/news/drug-price-regulator-fixes-ceiling-141852597.html -- Drug Price Regulator Fixes Ceiling Price Of 39 More Drug FormulationsWed, 20 Sep 2017 09:18:52 -0500

Drug Price Regulator Fixes Ceiling Price Of 39 More Drug FormulationsNPPA said while the ceiling price of 18 scheduled formulations has been fixed, that of 21 has been revised.


https://in.finance.yahoo.com/news/maharashtra-begin-cane-crushing-november-120904075.html -- Maharashtra to start cane crush Nov. 1 - govt sourcesWed, 20 Sep 2017 09:18:30 -0500

Maharashtra to start cane crush Nov. 1 - govt sourcesMillers in India's Maharashtra state will start crushing sugarcane from Nov. 1 as heavy rain over the last few days has made it difficult to bring operations forward as hoped, two government officials said on Wednesday. The federal government wanted millers in Maharashtra, the country's second-biggest sugar producing state, to advance crushing to boost sugar supplies during the current festive season and keep a lid on local prices. "In today's meeting with the chief minister we have decided to start crushing from Nov. 1, considering heavy rainfall in central Maharashtra in the last few days," a senior government official who attended the meeting said.


https://in.finance.yahoo.com/news/centre-exit-three-tourism-development-140200062.html -- Centre To Exit Three Tourism Development Corporation HotelsWed, 20 Sep 2017 09:02:00 -0500

Centre To Exit Three Tourism Development Corporation HotelsThese transfer of ownership will fetch the government over Rs 25 crore, Arun Jaitley said.


https://in.finance.yahoo.com/news/consumer-redressal-body-asks-unitech-132750621.html -- Consumer Redressal Body Asks Unitech To Refund Rs 40 Lakh To Delhi HomebuyerWed, 20 Sep 2017 08:27:50 -0500

Consumer Redressal Body Asks Unitech To Refund Rs 40 Lakh To Delhi HomebuyerNCDRC says a homebuyer cannot be expected to wait indefinitely for possession.


https://in.finance.yahoo.com/news/finance-ministry-examining-reports-black-132519919.html -- Finance Ministry Examining Reports On Black Money Commissioned By UPAWed, 20 Sep 2017 08:25:19 -0500

Finance Ministry Examining Reports On Black Money Commissioned By UPAThe finance ministry says it is examining three reports on the quantum of black money.


https://in.finance.yahoo.com/news/p2p-lending-platforms-rbi-regulated-132404224.html -- P2P lending platforms to be RBI-regulated NBFCsWed, 20 Sep 2017 08:24:04 -0500

P2P lending platforms to be RBI-regulated NBFCsMumbai, Sep 20 (IANS) The crowd funding mechanism of peer-to-peer (P2P) lending platforms will be treated as non-banking financial companies (NBFCs) and as such, regulated by the Reserve Bank of India (RBI), the central bank said on Wednesday. "The Reserve Bank of India specifies a non-banking institution that carries on 'the business of a peer-to-peer lending platform' to be an NBFC," an RBI notification said. P2P lending functions through online platforms that match lenders with borrowers in order to provide unsecured loans.


https://in.finance.yahoo.com/news/matrimony-com-stock-market-debut-131302245.html -- Matrimony.com To Make Its Stock Market Debut TodayWed, 20 Sep 2017 08:13:02 -0500

Matrimony.com To Make Its Stock Market Debut TodayMatrimony.com raised Rs 501 crore from IPO.


https://in.finance.yahoo.com/news/india-top-three-mutual-funds-130655842.html -- What India’s Top Three Mutual Funds Bought And Sold In AugustWed, 20 Sep 2017 08:06:55 -0500

What India’s Top Three Mutual Funds Bought And Sold In AugustMutual fund activity in August.


https://in.finance.yahoo.com/news/tea-exports-rise-4-58-130606899.html -- Tea exports rise 4.58% in January-JulyWed, 20 Sep 2017 08:06:06 -0500

Tea exports rise 4.58% in January-JulyKolkata, Sep 20 (IANS) Indian tea exports rose by 4.58 per cent to 121.13 million kg during the first seven months of 2017 compared with 115.83 million kg in the corresponding period last year, Tea Board ...


https://in.finance.yahoo.com/news/reliance-home-finance-list-friday-130406401.html -- Reliance Home Finance to list on FridayWed, 20 Sep 2017 08:04:06 -0500

Reliance Home Finance to list on FridayMumbai, Sep 20 (IANS) Reliance Capital Ltd, part of the Anil D. Ambani-led Reliance Group, on Wednesday said the listing of Reliance Home Finance Ltd is scheduled on Friday at the bourses. In a statement ...


https://in.finance.yahoo.com/news/iuc-cut-further-dent-incumbent-123804818.html -- IUC cut will further dent incumbent players' financial books: Sanjay KapoorWed, 20 Sep 2017 07:38:04 -0500

IUC cut will further dent incumbent players' financial books: Sanjay KapoorNew Delhi, Sep 20 (IANS) With the telecom regulator slashing interconnection usage charges (IUC) to 6 paise per minute, telecom industry expert Sanjay Kapoor feels it will further dent the financial books of the incumbent players in the short run. "IUC is a further dent in the short run for the incumbents and probably a good news for the challenger," Kapoor told BTVi in an interview. Saying that Telecom Regulatory Authority of India's decision of slashing IUC and then phasing it out by January 1, 2020 is not a surprise as talks were on for long.


https://in.finance.yahoo.com/news/dollar-index-falls-longest-stretch-123439493.html -- Dollar Index Falls For Longest Stretch Since 2003. Here’s Why Wed, 20 Sep 2017 07:34:39 -0500

Dollar Index Falls For Longest Stretch Since 2003. Here’s Why Dollar Index on longest losing streak in 14 years.


https://in.finance.yahoo.com/news/toshiba-says-seals-18-billion-123416594.html -- Toshiba says seals $18 billion deal to sell chip unit to Bain Capital groupWed, 20 Sep 2017 07:34:16 -0500

Toshiba says seals $18 billion deal to sell chip unit to Bain Capital groupJapan's Toshiba Corp said on Wednesday it has agreed to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. Toshiba said in a nighttime announcement through the exchange it had signed a contract for the deal worth about 2 trillion yen ($18 billion), the latest and perhaps final twist in a deal that only hours earlier had seen the company leading toward an agreement with its U.S. joint venture partner Western Digital Corp. Toshiba said the agreement assumed the deal would weather legal challenges raised by Western Digital.


https://in.finance.yahoo.com/news/going-loan-5-facts-must-123036682.html -- Going For A Loan? 5 Facts You Must Know About Your Credit ScoreWed, 20 Sep 2017 07:30:36 -0500

Going For A Loan? 5 Facts You Must Know About Your Credit ScoreA good Credit Score is the key to having a good banking relationship as it has the potential to lift your worthiness to take a loan. Without a score close to 750, it is difficult to get a loan sanctioned. Despite its integral role in determining a candidate’s borrowing potential and purchasing big-ticket items through EMI, Credit Score is a mystery to many. Here are five things that you probably were not aware of about your Credit Score: You Can Get A Loan With Zero Credit Score If you haven’t opened a credit account with any financial institution ever, your Credit Score would be ‘zero’, as banks would not have any credit record under your name. However, this does not mean that you cannot take a loan. If you have zero Credit Score, banks will not say no to you but they might ask you to provide income proof, ITR copy for the past two years, and utility bills to assess your repayment potential before lending you money. Closing Old Credit Card Can Drop Your Score Closing an old Credit Card account reduces your credit limit, thus reducing your Credit Score for a temporary time period. An old credit account shows your transaction history, so closing it would wipe off your record. If you opt for closing a Credit Card account, try and increase your credit limit on your existing cards. Although the reason for which you decide to close your account does not reflect on your Credit Score, make sure you do not close a Credit Card account to escape an overdue outstanding loan amount. It is important to take a closure letter from the bank. Closing An Unused Credit Card Account Can Help You In The Long Term An unused Credit Card is relatively more prone to misuse, so any unauthorised usage will lead to a drop in the Credit Score and loss of money as well. You can be caught off-guard if banks and financial institutions change the terms applicable on the card, leading to an impact on your Credit Score. So, if you have an unused Credit Card account, it is best to close it. For any future needs, you can apply for a new card based on your requirement. Accessing Your Credit Report Can Impact Your Credit Score If your credit report is assessed in the context of loan application, your score drops by a few points. Banks need to look at your report to be able to assess your creditworthiness. Multiple loan applications only reduce your score further. However, if you check your score online, it is called a soft inquiry and doesn’t impact your Credit Score. High Income Doesn’t Mean High Score Credit Scores indicate your creditworthiness in terms of borrowing practices and repayment pattern. The size of your income has no impact on the score if there is lack of discipline in your repayment pattern. Credit Scores are becoming more and more important every passing day with even employers and insurance companies looking at it to profile an individual. So, make sure you maintain a healthy score by going for a smart debt plan, wherein you have a proper repayment plan in place before you take a loan. BankBazaar is a leading online marketplace in India that helps consumers compare and apply for  Credit Cards , Personal Loans, Home Loans, Car Loans and Insurance. The post Going For A Loan? 5 Facts You Must Know About Your Credit Score appeared first on BankBazaar - The Definitive Word on Personal Finance.


https://in.finance.yahoo.com/news/equities-close-flat-fomc-meet-122404208.html -- Equities close flat; FOMC meet outcome, funds' outflow hamper sentimentsWed, 20 Sep 2017 07:24:04 -0500

Equities close flat; FOMC meet outcome, funds' outflow hamper sentimentsMumbai, Sep 20 (IANS) Key Indian equity indices closed on a flat note with fractional losses on Wednesday as caution ahead of the US Federal Open Market Committee (FOMC) policy meet outcome, coupled with ...


https://in.finance.yahoo.com/news/diageo-sees-impact-sales-indian-065933401.html -- Diageo expects second half to drive full-year growthWed, 20 Sep 2017 07:20:39 -0500

Diageo expects second half to drive full-year growthDiageo, the maker of Johnnie Walker whisky and Smirnoff vodka, forecast stronger sales and profit growth in the second half of its financial year after a first half affected by negative factors in China and India and higher spending. The world's biggest spirits maker said earlier on Wednesday that its first-half sales growth would be hurt both by the Chinese New Year falling later than in 2017 and a ban on selling alcohol near Indian highways. Diageo gave the warning in a trading update ahead of its annual general meeting in London on Wednesday, sending its shares down 2 percent and making them the weakest performer on the FTSE 100 Index.


https://in.finance.yahoo.com/news/trai-decision-cut-call-connect-121400325.html -- TRAI’s Decision To Cut Call Connect Charge Based On Flawed Logic, Says Sanjeev AgaWed, 20 Sep 2017 07:14:00 -0500

TRAI’s Decision To Cut Call Connect Charge Based On Flawed Logic, Says Sanjeev AgaTelecom industry experts debate the TRAI’s decision to slash IUC charges. 


https://in.finance.yahoo.com/news/finance-minister-arun-jaitley-says-102019334.html -- Jaitley vows "necessary" measures to revive slowdown-hit economyWed, 20 Sep 2017 07:11:30 -0500

Jaitley vows India is considering ways to revive its slowdown-hit economy and will unveil the "necessary" steps once Prime Minister Narendra Modi signs off on them, Finance Minister Arun Jaitley said on Wednesday. Jaitley has held meetings with cabinet colleagues and other government officials over the past two days to devise a plan to lift economic growth, which slipped to a three-year low of 5.7 percent in the quarter to end-June. "We have taken note of all the economic indicators available," Jaitley told reporters.


https://in.finance.yahoo.com/news/package-soon-boost-economy-no-114204298.html -- Package soon to boost economy; no cuts in fuel rates: JaitleyWed, 20 Sep 2017 06:42:04 -0500

Package soon to boost economy; no cuts in fuel rates: JaitleyNew Delhi, Sep 20 (IANS) Finance Minister Arun Jaitley on Wednesday hinted at a package of measures to boost the economy, while virtually ruling out any cut in duties on petroleum products to check the spike in fuel prices. "We have taken note of all the economic indicators that are available. On Tuesday evening, the Finance Minister chaired a high-level meeting to review the economic situation and discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown.


 


 
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