New Delhi, Aug 1: Foreign investors turned net sellers in Indian markets in July as they pulled out more than Rs 11,000 crore (nearly $2 billion), highest in 2019 after the central government proposed higher tax surcharge proposed on super rich. This is the highest ever outflow after October 2018 when foreign investors pulled […]
New Delhi, Aug 1: The revenue department is conducting India’s first national Time Release Study (TRS) at 15 ports, including sea and air, with an aim to identify and address bottlenecks in the cross border trade flow process. TRS, an internationally recognised tool advocated by World Customs Organisation, is being conducted from August 1-7, […]
Mumbai, Aug 1: Gold demand in India went up by 13 per cent during Aril-June period of this year to 213.2 tonne mainly driven by attractive prices and more number of auspicious days, World Gold Council (WGC) said in a report. The overall demand in the country had stood at 189.2 tonne during the second […]
New Delhi, Aug 1: India’s factory activity accelerated in July as domestic demand and output strengthened, encouraging firms to hire at the fastest rate in five months, a private business survey showed on Thursday. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, rose to 52.5 in July from June’s 52.1. It has remained […]
New Delhi, Aug 1: Telecom operator Bharti Airtel on Thursday posted a staggering Rs 2,866 crore loss for the first quarter of FY 2020, amid a fierce competition unleashed in the Indian telecom market by rival Reliance Jio. Airtel had logged a net profit of Rs 97 crore in the same period of the previous […]
New Delhi, Jul 31: Indian bonds remained volatile over the past week on uncertainties over the maiden offshore sovereign bonds issuance, according to a report by DBS Group Research. The benchmark 10-year bond yield fell below 6.40 per cent last week after finance minister Nirmala Sitharaman assured that the offshore bond issuance plan was […]
New Delhi, Jul 31: At the end of June, 2019, mutual funds’ exposure to Coffee Day Natural Resources (CDNL) stood at Rs 192 crore, according to data from Value Research. BOI AXA MF had Rs 16 crore of exposure; largely in its short term income fund, while its credit risk fund was marginally exposed. […]
New Delhi, Jul 31: Petroleum Minister Dharmendra Pradhan on Wednesday stressed on the importance of innovation and said that it is a key factor which will boost economic growth and help India become a USD 5 trillion economy by 2024-25. Speaking at the launch of Niti Aayog’s Atal Community Innovation Centre (ACIC) programme, Pradhan […]
Mumbai, Jul 31: The Reserve Bank of India (RBI) allowed domestic banks to directly sell their bad loans in manufacturing and infrastructure sectors to investors abroad as part of one-time settlement (OTS) exercises. The move will allow overseas investors to take direct loan exposure to Indian corporates. The defaulters, or stressed borrowers, can sell their […]
Mumbai, Jul 31: The benchmark BSE S&P Sensex and broader Nifty50 gained nearly 450 points and 146 points respectively from lows to end in the green on Wednesday. Domestic indices traded lower for better part of the day but saw sharp surge during the last trading hour. Weak corporate earnings, economic slowdown and tax […]