Stress Test Failure
On 17th May 2004, exactly five years ago, when the BJP-led National Democratic Alliance (NDA) failed to return to power after high expectations, the market swooned by 11.14%. On Monday 18th May the market opened up with a humungous gap up when Congress was powerfully voted to power. But whether it is in our joy or sorrow, stock exchanges seem unable to handle extreme price...
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  • You can soon access to your personal information directly from CIBIL
    CIBIL the country’s only individual credit bureau said that it would soon launch new products like mortgages, CIBIL Direct within the current financial year. You can even access to your individual scores directly from the rating company. Access to the scores usually allows individual to work at improving them and enhancing their access to credit or obtain better rates on their...
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  • Spectacle Industries to spend Rs240 cr for buying iron, manganese ore mines
    Spectacle Industries Ltd, the erstwhile Khaitan Mills Ltd, said it plans to spend about Rs240 crore for buying iron ore and manganese mines and a processing plant in Madhya Pradesh and Orissa.

    In a filing to the Bombay Stock Exchange, the company said it has signed a memorandum of understanding (MoU) with Metalite Coke and Coal Pvt Ltd (MCCPL) and Mangal Steels Pvt Ltd (MSPL) to...

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