Benchmark indices gained for a consecutive week, shrugging off weak global cues, after above normal monsoon eased concerns over inflation, rekindling hopes of further monetary easing by the central bank.
The Maruti Suzuki stock continues to go northward, gaining eight per cent over the fortnight, due to the anticipated pick-up in automobile sales, including in rural markets in the current financial year, proposed product launches and market share gains
Largest private sector lender ICICI Bank today marginally reduced its base rate to 9.70 per cent from 9.75 per cent earlier, making its lending rate at par with industry leader SBI and that of HDFC Bank.
Rebutting the concerns looming over Greece, benchmark indices wrapped up the trading session on a firm note following expiry of June derivative contracts. The rally was led by capital goods, financials and auto shares.
Sample this: According to the Reserve Bank of India's data, the number of credit cards between April 2014 and April 2015 has increased by two million. The total value of outstanding amount has risen 23 per cent.
"Higher sales tax proposed if you pay by credit card" - Around the turn of the century, I remember reading headlines like these, as cash-strapped state governments thought up ever newer ways of raising revenues.