Eco/Invest/Demography

Capital mkts can play crucial role in achieving $5 trillion economy: Thakur

Indian News       Feb 16, 2020

New Delhi: Indian capital market is robust and can play a crucial role in achieving USD 5 trillion economy by 2025, Minister of State for Finance Anurag Thakur said on Saturday.   The exchanges and brokerages are playing a crucial role in capital formation in the...

Global scenario not rosy, will impact MF sector: SEBI official

Indian News       Feb 16, 2020

  Kolkata:  The ongoing tension between the US and China, which has been affecting the global trade, will have its impact on the emerging markets and will not spare the mutual fund (MF) industry too, a Sebi official said on Saturday.   The amount of liquidity of...

Association of stock brokers ANMI to mobilise 10 mn investors for LIC IPO

Indian News       Feb 16, 2020

  New Delhi: Association of stock brokers ANMI on Saturday said it will mobilise 10 million investors for the initial public offering of insurance behemoth LIC in order to unlock the true potential of the country's crown jewel, akin to the Saudi Aramco.   Finance Minister Nirmala...

Coronavirus: China tries 3,000-year-old traditional remedy to treat patients

Facts       Feb 16, 2020

  SHANGHAI/BEIJING : China is administering its centuries-old traditional medicine on patients affected by the coronavirus disease, a top health official said.   Treatment in Wuhan hospitals combine Traditional Chinese Medicine, popularly known as TCM, and western medicines, said Wang Hesheng, the new health commission head in...

COVID-19 coronavirus:Locking people up to stop virus spread could prompt legal fights

      Feb 16, 2020

  LONDON : The UK health secretary on Monday morning authorized an unprecedented policy for stopping possible carriers of the coronavirus: Lock them up. It was the first time in modern British history that such a move has been made in response to an epidemic --...

Dec equity MF inflows dip 50% to Rs 12,000 cr on valuation, growth concerns

Indian News       Feb 16, 2020

Mumbai: Investors poured nearly Rs 12,000 crore into equity oriented mutual funds in the three months ended December 2019, a sharp slump of 50 per cent from the preceding quarter, on worries over stock valuations as well as stuttering economic growth.   Notably, all categories of...

China cleans, locks away banknotes to stop virus spread

International News       Feb 15, 2020

  BEIJING: China is disinfecting and isolating used banknotes as part of efforts to stop the spread of the new coronavirus that has killed more than 1,500 people, officials said Saturday.   Banks use ultraviolet light or high temperatures to disinfect yuan bills, then seal and store...

COVID-19 coronavirus:Chinese tourist in France, first such death in Europe

International News       Feb 15, 2020

  Brussels:  An elderly Chinese tourist in France has died after contracting the COVID-19 coronavirus, becoming the first fatality outside of the Asia-Pacific region in an epidemic that has killed more than 1,500 people in mainland China.   The 80-year-old man, who was from the central Hubei...

Bank accounts of over 200 NDMC employees hacked, money siphoned off

Indian News       Feb 15, 2020

NEW DELHI : Bank accounts of more than 200 employees of New Delhi Municipal Corporation (NDMC) were allegedly hacked and money siphoned off in the first week of February, police said on Friday.   Though police have received only two complaints of online fraud from the...

Sitharaman to meet industry bodies to assess coronavirus impact

Indian News       Feb 15, 2020

  New Delhi: Finance Minister Nirmala Sitharaman will meet industry bodies on Tuesday to asses the impact of the coronavirus outbreak on Indian trade and businesses.   The virus outbreak in China has claimed nearly 1,500 lives and infected over 60,000. The deadly virus has spread to...