Tag Archives: Higher

Higher depreciation rate may lift used-vehicles market

Besides bringing down resale value, it will lead to lower insurance premium: Industry players The doubling of depreciation rate to 30 per cent for vehicles bought until March 31, 2020, as announced by Finance Minister Nirmala Sitharaman on Friday, augurs well for the used-vehicles market, say industry players. A higher depreciation rate will mean that the resale value will come ... Read More »

‘Higher GST rates will turn buyers away from organised used-car market’

GST does not discriminate between new and used cars Players may not be able to increase prices for fear of losing customers CHENNAI, JULY 14:   High GST rates on used cars have hit margins of organised players in the business. GST does not discriminate between new and used cars as the rates are the same. So pre-owned car dealers in ... Read More »

iPhone, iPad Had Higher Failure Rates Than Android Counterparts in Q2 2016: Study

When it comes to reliability and performance, Apple iPhones and iPads are failing more often than Android smartphones, a study has revealed. According to the study global data security firm Blancco Technology Group, iOS devices had a 58 percent failure rate while Android smartphones reported an overall failure rate of 35 percent in the second quarter of 2016. It is ... Read More »

IndusInd Bank Q1 Net Up 26% But Higher Bad Loans Weigh On Shares

The bank’s net NPAs as a percentage of total advances ticked up sequentially to 0.38% in Q1. Private sector lender IndusInd Bank kicked off the first quarter earnings season on a strong note by reporting a 26 per cent jump in its quarterly net profit. IndusInd Bank reported a net profit of Rs 661 crore in the quarter ended June ... Read More »

Sensex Ends 181 Points Higher On Buying In Banking Shares

3:432 p.m.: Sensex rose over 150 points while broader Nifty closed above its crucial psychological level of 8,500 for first time in 11 months as encouraging U.S. data and expectations of further monetary stimulus from global policymakers held out hopes for a strong global economic outlook. The Sensex ended 181 points or 0.66 per cent higher at 27,808 and Nifty ... Read More »

Sensex Ends Subdued Session Marginally Higher

3:46 p.m.: The Nifty edged lower in trades on Wednesday as investors booked profits ahead of quarterly results. 3:11 p.m.: Cabinet approves 15 per cent stake sale in NBCC, shares plunge 9.5 per cent to Rs. 233.50. 3:03 p.m.: Investors should book profits and sit on cash as the rally in stock markets is overdone, says Sanjiv Bhasin of IIFL. 2:38 a.m.: ... Read More »

US Fourth Quarter Economic Growth Revised Higher

Washington: The US economy got a double dose of good news Friday. Economic growth in the final three months of 2015 didn’t slow as much as previously estimated, and consumers roared back to life in January, spending at the fastest clip in eight months. The Commerce Department said that consumer spending increased 0.5 per cent last month, the best showing ... Read More »

Gold Dips on Higher Stocks; Fed Minutes Offer Some Support

Singapore: Gold eased on Thursday following a bounce in equities, but losses were cushioned by overnight gains that helped the metal snap a three-day losing streak on bets the Federal Reserve could slow the pace of U.S. interest rate hikes. FUNDAMENTALS * Spot gold had fallen 0.2 percent to $1,206.99 an ounce by 0034 GMT, after gaining 0.7 percent on ... Read More »

Sensex Ends 267 Points Higher on Broad-Based Buying

3:30 p.m.: The Sensex ended 267 points higher at 23,649 and the 50-share Nifty closed 83 points higher at 7,192. 3:12 p.m.: Pharma index was the top sectoral gainer, up 2 per cent. Dr Reddy’s Labs, Lupin, Cadila Healthcare, Piramal Enterprises, Sun Pharma and Cipla were among the top gainers from this space, up 1-5 per cent each. 2:41 p.m.: The ... Read More »