Overall volumes in futures & options currently stand at 59.72 lakh contracts with a turnover of Rs. 5,24,534.82 crore.

This effort is likely to minimize the risk arising from foreign currency fluctuation as localized sourcing would reduce imports by nearly 20 per cent. Currently, the import content is 38 per cent of the company's raw material cost.

The acquisition would improve the combined annual revenues by US$ 400-500 million. Besides, it would result in annual cost synergies of US$200 million. 

Samsung Engineering Co. Ltd. has given approval to Cords Cable Industries Ltd. to be its pre-qualified supplier for international orders. This global level approval is for a period of five years starting from August 1, 2018.

The latest revision of GST rates is likely to have a positive impact on a couple of sectors including paints, electronic goods and hospitality. Major listed companies in these sectors were buzzing in early trade on Monday.

In Monday’s session, if Nifty continues to trend northwards tracking Friday’s optimism, then we hold 11030-11080 as the major resistances, followed by 11120. However, if Nifty retreats from here, we hold 10980-10925 as the major support area followed by 10880 level.

Indian stock markets are likely to open on a flat to negative note tracking weak global cues and negative start from the Asian peers. The trading of Nifty 50 index future on the Singapore stock exchange is trailing flat indicates that Nifty could open flat at the opening bell. 

In a mutual fund scheme, you may have the option of choosing a dividend plan or a systematic withdrawal plan (SWP). If you are new to mutual fund investing, such an option may leave you confused and you may not be able to decide which one to go for. Let us find out what these options entail and help you choose the one that meets your financial needs and goals.

Almost 50 years post the nationalisation of banks, the wheel has turned a full circle and we are now talking about privatisation of public sector banks! So, how have things changed over the years that the present government, as well as some of the previous governments, have sought to disown (disinvest) the public sector banks (PSBs).

Diversification is made out to be a panacea against the risk of volatility, be it volatility in prices of stocks on the stock markets or volatility in interest rates in debt market. But diversification is a broad concept that needs to be understood thoroughly by the investors. So let’s try to understand what is meant by diversification.