Data

19 crore Indian adults don't have bank account: World Bank

Wealth Management       Apr 19, 2018

India has 19 crore adults without a bank account despite the success of the ambitious Jan Dhan Yojana, making it the world's second largest unbanked population after that of China, the World Bank said on Thursday.   Besides, almost half of the bank accounts remained inactive...

Peak hours in Delhi, Mumbai, Bengaluru, Kolkata costing $22 bn a year:BCG Study

Economy       Apr 18, 2018

The top four Indian cities are today 149 per cent more congested than comparable cities in Asia and the country is losing over $22 billion a year in peak traffic hours compared to travel time during non-peak hours in those cities, an Uber-commissioned study revealed...

MFs garner Rs 672 bn in FY18, up 53% from FY17

Wealth Management       Apr 16, 2018

  Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 671.9 billion through this route in 2017-18, an increase of 53 per cent from the preceding fiscal.   In comparison, Rs 439.21 billion was collected through the investment plan...

Bangalore highest paying city; pharma, healthcare firms top paymasters

Economy       Apr 16, 2018

  New Delhi:  Bangalore is the highest paying city in the country, while pharma and healthcare is the highest paying industry for talent in India, says a report. According to Randstad Insights, the research and analysis division of Randstad India, the average annual cost to company...

97% normal monsoon expected for 2018, says IMD

Economy       Apr 16, 2018

  New Delhi: India is likely to receive average monsoon rains in 2018, the weather office said, raising the possibility of higher farm and economic growth in Asia's third-biggest economy, where half of the farmland lacks irrigation.   Releasing its first forecast for 2018, the Met department...

FPIs infuse more than Rs 39 bn in Indian debt markets in 2 weeks

Economy       Apr 15, 2018

Foreign investors have pumped in Rs 39.35 billion into the Indian debt markets in the first fortnight of the month, driven by a stable currency and attractive bond yields.   Prior to that, foreign portfolio investors (FPIs) had put in over Rs 85 billion in January.  ...

Equity MF inflow down 59% to Rs 6,657-cr in March on LTCG

Wealth Management       Apr 12, 2018

  Equity mutual funds witnessed a net inflow of Rs 6,657 crore in March, a plunge of 59 per cent from the preceding month, due to volatile stock markets along with profit-booking by investors to avoid payment of LTCG tax. According to a report by rating...

India on track to record 50 consecutive months of double-digit air passenger growth: IATA

Economy       Apr 11, 2018

  India is on track to register 50 straight months of double-digit domestic air passenger growth in October 2018 as the near term outlook remains bright, global airlines' grouping International Air Transport Association (IATA) said today. IATA also said it continues to expect India to surpass...

Car sales in March marginally up, passenger vehicles rise 6.38%: SIAM data

Economy       Apr 10, 2018

  Domestic passenger vehicle sales were up 6.38 per cent at 300,722 units in March as against 282,698 units in the same month last year.   Car sales were marginally up at 191,082 units last month as against 190,236 units in March last year, according to the...

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