India CPI Inflation Rises To 4.58% In April

India CPI Inflation Rises

India CPI Inflation – The index of consumer price inflation stood at 4.58 percent in April, overturning a three month slide from its peak, according to data released by the Central Statistics Office. Economists polled Expected CPI inflation at 4.41 percent. Inflation stood at 4.28 percent in March, and 4.4 percent in February.                 

Read More →

Sensex, Nifty Pause Ahead Of Karnataka Poll Outcome

Gold Silver Reports (GSR) – Sensex, Nifty Pause Ahead Of Karnataka Poll Outcome — The NSE Nifty 50 index was unchanged at 10,806.60 and the S&P BSE Sensex was little changed at 35,557. The mid- and small-cap shares underperformed their larger peers as the S&P BSE MidCap index fell 0.9 percent and the S&P BSE SmallCap index tumbled 1 percent.

Read More →

Exit Polls to Vex Indian Markets as Majority Seen Eluding Modi

Exit Polls to Vex Indian Markets as Majority Seen Eluding Modi

Gold Silver Reports (GSR) – At least four exit polls, including Today’s Chanakya, which accurately predicted Modi’s victory in 2014 elections, showed the BJP as the single largest party winning anywhere between 95 to 120 seats in the 224-member Karnataka assembly. The incumbent Indian National Congress — also the main federal opposition party — is seen bagging 72 to 99 seats.                    

Read More →

Canara Bank Posts A Loss As Provisions Surge Threefold In March Quarter

Canara Bank Share Price Today

Gold Silver Reports (GSR) – Canara Bank Posts A Loss As Provisions Surge Threefold In March Quarter — Asset quality deteriorated as gross bad loans rose to 11.84 percent of total assets afrom 10.38 percent in the previous quarter. Ratio of net non-performing assets increased to 7.48 percent from 6.78 percent on a sequential basis.

Read More →

Union Bank Of India Slumps After Asset Quality Worsens In Q4

Gold Silver Reports (GSR) – Union Bank Of India Slumps After Asset Quality Worsens In Q4 – Shares of the Mumbai-based public-sector lender fell as much as 4.97 percent to Rs 83.20 after it reported a loss for the third straight quarter as asset quality deteriorated and provisions against bad loans surged.       

Read More →