News update _2nd November,2017

Bank Nifty may extend rally, 200 pts jump likely today 

Those who missed the Bank Nifty’s decisive breakout rally on Wednesday need not lose heart. Derivatives data indicate that the index could potentially jump by at least 200 points, or 0.8 per cent, on Thursday itself. Derivatives analysts said that even if there was a breather, investors would buy into a consolidation and that could fuel the rally further.

Source Economic Times

Rs 9,600-crore New India Assurance IPO kicks off; should you subscribe?

New India Assurance Company (NIA), India’s largest general insurance company in terms of net worth, domestic gross direct premium, profit after tax and number of branches, has hit the primary market with its Rs 9,600 crore initial public offering (IPO) on Wednesday.

Source Economic Times

Major IT companies Infosys, Wipro and Tech Mahindra reduce employee strength

The $156-billion Indian IT industry, often called the biggest job creator in the organised sector, is seeing a tectonic shift in recruitment.
For the first six months of the fiscal, Cognizant, InfosysBSE -0.35 %, Wipro and Tech MahindraBSE -2.38 % have all seen their employee strength actually decline -quite sharply in Cognizant’s case (by over 5,000). TCS and HCL Technologies are the only exceptions among India’s top six IT companies, but even TCS’ addition is a fraction of what it did i ..

Source Economic Times

There’s strength in numbers

There’s strength in numbers As India’s goes through a rapid phase of consolidation, millions of customers will be up for grabs for larger players including Bharti Airtel, Vodafone India, Idea CellularBSE 3.43 % and Reliance Jio. Market leader Bharti AirtelBSE 0.27 % and No 2 carrier Vodafone India are in fact already running advertisements in a bid to attract customers from RCom which is shutting its wireless business by end November. ET takes a look at the subscriber base of existing telcos in a market with over a billion ..

 Source Economic Times

Goa safest for women, Delhi near the bottom

The safest state to be a woman in India is Goa, followed by Kerala, Mizoram, Sikkim and Manipur. States where women and girls are the most vulnerable are Bihar, Jharkhand, UP and, perhaps not so surprisingly , Delhi.

Source Economic Times