Data

India's stock market overtakes Germany to become 7th largest in the world

Eco/Invest/Demography, Wealth Management       Dec 22, 2018

  India’s ascent on the global stage has claimed another victory after its stock market overtook Germany to become the seventh largest in the world.   In global ranking, currently, India ranks seventh with a market cap of $2.1 trillion.   At the end of 2017, India was...

Gujarat best state in providing strong ecosystem for startups: DIPP ranking

Eco/Invest/Demography       Dec 21, 2018

  Gujarat has emerged as the best performer in developing startup ecosystem for budding entrepreneurs, according to the ranking of states done by the department of industrial policy and promotion (DIPP).   Other top performers that followed the western state were Karantaka, Kerala, Odisha and Rajasthan.   "This...

FPIs' bullish stance continues; pump in Rs 63.10 bn in Nov on crude, rupee

      Nov 25, 2018

  Mumbai: Foreign investors have pumped in Rs 63.10 billion into Indian capital markets this month so far, after pulling out massive funds in October, on easing crude oil prices and a strengthening rupee.   Of these, most of the funds were infused in the debt market...

MFs add 7.7 mn accounts in Apr-Oct, take total to all-time high of 80 mn

Wealth Management       Nov 25, 2018

New Delhi: Growing investors' interest in mutual fund has led to an addition of nearly 7.7 million new folios in the first seven months of the current fiscal, taking the total to an all-time high of around 80 million at the end of October.   This...

1 mn cloud computing jobs to be created by 2022 in India: Report

Technology       Nov 24, 2018

With cloud computing becoming more prevalent in companies, both large and small, the global requirement for professionals is steadily on the rise and over over a million jobs in the sector will be created in the country by 2022, according to a report.   Companies are...

India:Broadband subscriber base at 463.6 million in August-end: DoT

Technology       Nov 24, 2018

Amid explosive growth in data consumption, India's broadband subscriber numbers touched 463.6 million at the end of August 2018, up 0.74 per over the previous month, according to official data by the Department of Telecom (DoT). The number of broadband subscribers stood at 460.24 million...

ESIC data suggest 16 mn new jobs created in 13 months till Sept: Report

Pension       Nov 23, 2018

New Delhi: Employees State Insurance Corporation (ESIC) data suggest that 16 million jobs were created during 13 months period till September, according to CSO data.   Meanwhile, new subscribers joining its health insurance scheme (ESI) dipped 5.2 per cent to 1.15 million in September.   As many...

FPIs pull out $900 mn from Indian market on widening CAD in Sept quarter

      Nov 21, 2018

  Continuing their selling spree in the September quarter, foreign investors pulled out $900 million from the Indian equity market on widening current account deficit due to a surge in oil prices and depreciating rupee.   This comes following a net outflow of equities worth $3.04 billion...

How Bill Gates aims to save $233 billion by reinventing the toilet

Health       Nov 07, 2018

  Bill Gates thinks toilets are a serious business, and he’s betting big that a reinvention of this most essential of conveniences can save a half million lives and deliver $200 billion-plus in savings.   The billionaire philanthropist, whose Bill & Melinda Gates Foundation spent $200 million...