Finance

Stock market returns over 3-times more than gold: Sebi chief U K Sinha

Pitching for a greater share of household savings in equity market, regulator Sebi’s chief U K Sinha has said stocks have consistently given annual returns of more than 15 per cent on a long-term basis. In contrast, the returns on gold have not been more than 5-6 per cent over a longer time horizon of 15-20 years, Sinha said. At ... Read More »

India wants UAE as top partner in trade, counter-terrorism: PM Narendra Modi

Ahead of his talks with the Emirati leadership, Prime Minister Narendra Modi has said the Gulf region is vital for India’s economic, energy and security interests and he wants to see the UAE as the foremost partner in trade and countering terrorism. Noting that he has begun his regional engagement with the UAE which reflects the importance that he attaches ... Read More »

Top-5 cos take Rs 54,467-cr hit in market capitalisation; CIL suffers most

The combined market valuation of top-five Sensex companies slumped by Rs 54,467.41 crore last week, with Coal India Ltd taking the steepest hit. While RIL, ITC, CIL, ONGC and SBI suffered losses in their market capitalisation (m-cap), TCS, HDFC Bank, Infosys, Sun Pharma and HDFC saw a cumulative gain of Rs 53,971.89 crore. The m-cap of CIL plunged by Rs ... Read More »

FPIs take out Rs 800 cr from market in a fortnight

  Spooked by a possible derailment of key economic reforms, foreign investors have pulled out over Rs 800 crore from the Indian capital market in the last fortnight. Foreign portfolio investors (FPIs) may further suck out money due to weakness in the rupee, triggered by a devaluation of the Chinese yuan, analysts said. However, experts are sanguine about FPI inflows ... Read More »

Japan’s Muji to foray into single brand retail segment

  Japan’s Ryohin Keikaku Co Ltd, which operates household goods chain under the brand name Muji, has filed an application with the department of industrial policy and promotion for entering into the single brand retail segment in the country. The company has proposed to “manufacture and sell various garments, furniture, household goods, cosmetics, stationery and other Muji brands” according to ... Read More »

Maggi noodles row: Nestle India is confident of defending Rs 640-cr suit by govt

  After getting a reprieve from the Bombay High Court on Maggi ban, Nestle India has said it is confident of defending the Rs 640-crore class action suit filed by the government against it before NCDRC. “… we are confident of defending ourselves when called upon to do so,” a company spokesperson said in an e-mailed response. He said the ... Read More »

Richmond police chief investigating Facebook post by department’s HR head

Richmond Police Chief Alfred Durham has commenced an internal affairs investigation of his department’s human resources director after she posted a Facebook message last week that some officers view as offensive, demeaning and “over the top.” HR Director Antoinette Archer’s message, posted on her Facebook page July 13, “concerned me so much that I opened up an internal affairs investigation,” ... Read More »

Why you shouldn’t fear your finances (you’re probably richer than you think)

Do you procrastinate about taking care of financial matters in your life? Recently a fascinating article about financial procrastination appeared online. The author publicly admitted that “after years of procrastinating,” he finally logged on to his retirement account. It took him years to get around to dealing with it because the entire task made him anxious. Moreover, he stated he ... Read More »

HOME NEWS POLITICS LOCAL NEWS CRIME NATIONAL WORLD TRAFFIC Falling dollar bolsters treasury as oil drop hits provincial coffers

The diving dollar is one of few bright spots for Alberta’s finances as energy prices continue to slump. The Canadian dollar hit its lowest level since 2004 this week as oil prices resumed their fall and recession worries grew, with the loonie sliding to 76.69 cents US Thursday. While plunging oil prices have hammered Alberta’s bottom line since last fall, a lower dollar softens the ... Read More »

Retirees Aren’t Worried About Income, But Debt and Overspending Have Them Down

NEW YORK (MainStreet) — Retirees are fretting over money issues in retirement – no surprise there, right? But the issues they’re worried about may not be what you think. That’s the big takeaway from a new Merrill Edge survey, which states that the chief reasons for financial anxiety in retirement may not be  guaranteeing adequate income; instead, the root of ... Read More »