In this articleTSLATWTRFollow your favorite stocksCREATE FREE ACCOUNTTesla's sell-off intensified on Tuesday, with the stock closing down 11%. Elon Musk's electric car company is days away from closing out its worst month, quarter and year…
Near-term loss in arbitrage schemes likely: MFs
Mumbai: Three mutual funds — Edelweiss, Kotak and IDFC — have warned investors of either near-term losses or poor returns in arbitrage schemes, with spreads turning negative and causing money-making opportunities to shrink. These funds…
What factors will drive FII flows into Indian…
FII money will come and go depending on the overall outlook or overall money flow situation globally, says Founder, Carnelian Capital Advisors.Are the markets assuming that economic activity will rebound? In every crisis, whether it…
Facebook’s new Oversight Board isn’t operational yet and…
Facebook co-founder, Chairman and CEO Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018 in Washington, DC.Yasin Ozturk | Anadolu Agency |…
PNB lowers rates on savings account deposits by…
Following industry peers, Punjab National Bank (PNB) on Wednesday announced to lower interest rate on savings account deposits by 0.50 percentage point, effective July 1. For deposits up to Rs 50 lakh, the new interest…
Mutual fund investors struggle to make sense of…
Sensex is testing the nerves of many mutual fund investors these days. Many of them have been complaining to their advisors that they simply can't make sense of the Sensex movements. They crib that when…
RIL’s Rs 53,124 crore rights issue oversubscribed 1.59…
NEW DELHI: Reliance Industries’ Rs 53,124 crore rights issue, which closed on Wednesday, received a robust response from shareholders as the issue got subscribed 1.59 times. The allotment of equity shares will happen on June…
Oil prices hit 3-month highs on expectations OPEC+…
An Austrian army member stands next to the logo of the Organization of the Petroleoum Exporting Countries (OPEC) in front of OPEC's headquarters in Vienna, Austria April 9, 2020.Leonhard Foeger | ReutersOil prices continued to…
IT spending in India to fall 8% in…
IT spending in India will total $ 83.5 billion, a decline of 8.1% in 2020, according to the latest forecast by research firm Gartner. This is the first decline in IT spending experienced in India…