Indian News

Mutual funds log Rs 1.4 lakh crore inflows in November

Wealth Management       Dec 12, 2018

  Mumbai: Investors pumped in over Rs 1.4 lakh crore into various mutual fund schemes in November, with liquid schemes accounting for most of the inflows.   With the latest inflow, the total infusion in mutual fund (MF) schemes reached about Rs 2.23 crore in the first...

Shaktikanta Das appointed as RBI governor

  New Delhi: Ending speculations, government appointed former Economic Affairs secretary Shaktikanta Das as the new Governor of the Reserve Bank of India(RBI) for a period of three years.   Das, a 1980 batch IAS officer of Tamil Nadu cadre, was member of the Fifteenth Finance Commission...

Any attempt by govt to curtail central bank's independence credit negative: Moody's

Eco/Invest/Demography, Risk Management       Dec 10, 2018

  Mumbai: In the backdrop of RBI Governor Urjit Patel's resignation, Moody's Investors Service said the independence of a country's central bank is an important consideration while assessing a country's institutional strength and any attempt by the government to curtail it would be credit negative.   Analysts...

Central govt teams in 6 states assessing drought situation: Agriculture Ministry

Eco/Invest/Demography, Non-Life       Dec 10, 2018

  NewDelhi: Central government teams have been deputed to assess the drought situation in six states -- Andhra Pradesh, Maharasthra, Rajasthan, Gujarat, Jharkhand and Odisha, a senior agriculture ministry official said on Monday.   These six states and the Karnataka government had declared drought for the kharif...

Equity to stay among outperforming assets for 3-5 yrs: Report

Eco/Invest/Demography, Wealth Management       Dec 10, 2018

  Mumbai:  Indian markets may be swayed by the unfolding political scenario and global cues in the near-term, but the volatility will present an opportunity for portfolio managers to build positions and prepare themselves for the next three-five years, according to a report.   According to an...

Govt to now contribute 14% to National Pension System, no tax on withdrawal

Pension       Dec 10, 2018

  New Delhi: Finance minister Arun Jaitley Monday said the Centre has decided to increase its contribution to the NPS for the Central government employees to 14% and also made the entire withdrawal amount tax free at the time of retirement.   The decision was taken at...

Mutual funds' asset base rises slightly to Rs 22.23 trillion by October-end

      Dec 07, 2018

  Mumbai:  Mutual funds' asset base rose to Rs 22.23 trillion by October-end, a slight increase of 1 per cent from the preceding month, as the industry showed resilience despite the recent market events like IL&FS default.   According to Amfi data, the asset under management (AUM)...

Centre, Google, FB, WhatsApp agree to stamp out rape, child porn videos: SC

Risk Management       Dec 06, 2018

  New Delhi:  The Supreme Court Thursday said the Centre and Internet giants, including Google, Microsoft and Facebook, were in agreement that videos of rape, child pornography and objectionable material needed to be "stamped out".   A bench of Justices Madan B Lokur and U U Lalit...

Mercedes tops vehicle sales satisfaction for luxury brands in India: Study

Non-Life       Dec 06, 2018

  New Delhi: German carmaker Mercedes-Benz has topped sales satisfaction in the luxury vehicles segment followed by rival BMW in India, according to a study by global market research firm JD Power.   According to the J D Power 2018 India sales satisfaction index (luxury) study, Mercedes-Benz...

1 2 3 4