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Equity mutual funds record significant net inflows in Sep
While the overall net flows experienced a dip in various...
Climate change may make India and the Indus Valley too hot for up to 2.2 billion: Study
Results of the study indicate that if global temperatures increase...
There will not be single job loss due to merger of banks: FM Sitharaman
The move will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April 2019. As of April 20-17, there were 27 state-run banks in the country, right before the SBI merged with itself its five associate banks along with the Bharatiya Mahila Bank.
Foreign investors pull out Rs 5,920 cr In August despite surcharge rollback
The withdrawal from the capital markets (both equity and debt) in August is “contrary to the expectation” since the Centre last week announced revocation of enhanced super-rich tax on foreign and domestic equity investors imposed in the Budget, said Himanshu Srivastava, senior analyst manager research at Morningstar.
Costs making it difficult for EV to make a good value proposition: Maruti Suzuki
Under the current circumstances, a mass segment EV is likely to cost around two-and-half times more than the same vehicle type powered by a conventional engine, he added.
Auto sales remain subdued in Aug
“System stock reduction through retail focus and aligning production will continue to be our approach, while cautiously monitoring the market in these challenging times,” Tata Motors President, Commercial Vehicles Business Unit Girish Wagh said, adding as a result, retail sales are estimated to be ahead of wholesale by over 25 per cent in August
Bancassurance landscape to see changes after merger of 10 PSBs to change the country’s
At least three insurance companies —Star Union Daiichi, Canara HSBC OBC Life Insurance and India First Life Insurance — could witness a change in their ownership structure because of the bank mergers, but that may probably give these firms a better reach to build their businesses with extended branch network.
LIC settles 259.54 lakhs of claims amounting to Rs1,63,104 cr in 2018-2019
During 2018-19, the LIC has registered a growth of 5.68 per cent in the new business in terms of the first year premium. The total first year premium amounted to Rs1,42191.69 crore at the end of March, 2019 capturing 66.24 per cent of market share.
India’s economic growth dips to 7-year low of 5% in April-June
Gross Fixed Capital Formation (GFCF), which is a barometer of investment, at constant (2011-12) prices was estimated at Rs 11.66 lakh crore in the first quarter as against Rs 11.21 trillion a year ago.
Unemployment rate among Indian women more than double of men: Study
The unemployment rate among women in India is more than double of that of men with similar qualifications, a new study has revealed. Titled “Gender Inclusion in Hiring in India”, the study by two Harvard students, Rachel Levenson and Layla O’Kane, noted that 8.7 per cent of working-age urban, educated women in the country are unemployed but only 4 per cent of comparable men find themselves without a job.
PM Modi says 12,000 Ayush centres to be set up across India
The prime minister also asserted that if the healthcare system of the country has to be transformed, it has to be approached in a holistic manner by strengthening the combined power of traditional and modern medicines.
Bank frauds worth Rs 71,500 crore detected in FY19 states RBI report
Among bank groups, public sector banks (PSBs), which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19. It was followed by private sector banks and foreign banks