Budget 2018-19

  American Express Co will allow employees to work from anywhere they want for up to four weeks a year, Chief Executive Officer Stephen Squeri said in a memo to staff on Monday American Express Co will allow employees to work from anywhere they want for up to four weeks a year, Chief Executive Officer Stephen Squeri said in a memo to staff on Monday. That will include the 15 days when employees are allowed to work outside their country, according to the memo. Adopting a more relaxed stance on work-from-home than most of the big U.S. banks, AmEx has divided staffers into hybrid, onsite and fully virtual categories. Most of the hybrid model staffers must work from office two days a week, it said, while onsite workers will come in for four to five days. Employees in the fully virtual category can continue to work from home. Data from a survey earlier this year showed nearly 20% of the credit card issuer’s employees wanted to work virtually full-time. AmEx will start bringing its emplo...

  Stock market – Apart from IT stocks, capital goods, metals and realty shares have also logged smart gains in morning trades Market Update:  The markets continue to trade on a firm note. The Sensex was up 396 points at 61,133, after touching a high of 61,161. The NSE Nifty edged past 18,300, to a high of 18,304, and was up 131 points at 18,293. The BSE Midcap index is now up over a per cent at 26,832, and the Smallcap index has gained 0.7 per cent at 29,972. IRCTC has zoomed 8.4 per cent to Rs 5,340. NLC India and MphasiS also have soared over 8 per cent each and are the top gainers in the Midcap space. Adani Power, Jindal Steel, Oil India and Naukri are the other major gainers, up over 4 per cent each. BHEL and  Jubilant Foodworks  are the major losers, down 2 per cent each. In the Smallcap space, Mindtree has zoomed over 10 per cent to Rs 4,826 on the back of strong Q2 show. Jindal World, HBL Power, Power India, Laxmi Machine Works and Shakti Pumps have rallied 8-...

  Reliance has accounted for nearly a fifth of the 75 per cent surge in the S&P BSE Sensex from its March bottom India’s record-breaking equity rally will continue next year, with banks and other stocks taking over as drivers from the nation’s largest company Reliance Industries Ltd., some fund managers say. Reliance has accounted for nearly a fifth of the 75 per cent surge in the S&P BSE Sensex from its March bottom, according to data compiled by Bloomberg. That’s about double the contribution Apple Inc. has made to gains in the S&P 500 Index over the same period. Some market watchers say Reliance’s gains may have peaked for now, prompting the search for new leaders. The prospects for global recovery amid progress with Covid-19 vaccines has caused investors to shift focus from defensive growth stocks to cheaper economically sensitive shares. That may be particularly good news for financial stocks that have lagged in the rally that has driven the Sensex to an all-time h...