Indian News

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

Eco/Invest/Demography       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

Eco/Invest/Demography, Wealth Management       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

Eco/Invest/Demography, Life       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...

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

Eco/Invest/Demography, Wealth Management       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...

DGCA orders probe into Air India's tail-strike incident

Non-Life       Feb 15, 2020

  New Delhi: Even as Air India has hit the London market for its insurance renewal that is due on Apr 1, te country's civil aviation regulator, the Directorate General of Civil Aviation (DGCA) has ordered a probe into an incident involving tail scraping of an...

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

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

  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...

SEBI constitutes municipal bonds development committee

Eco/Invest/Demography       Feb 14, 2020

  Mumbai: Markets regulator Sebi on Friday said it has constituted a committee which will suggest on policy matters pertaining to development of municipal debt securities and facilitate municipalities for issuance of such bonds. The regulator has constituted a municipal bonds development committee headed by its...

Irdai expresses concern over high hospital tariffs plans to standardise charges

Health, Regulation       Feb 14, 2020

Kolkata: Insurance sector regulator Irdai on Friday expressed concern over rising tariffs in hospitals and has planned to standardise charges for some medical procedures, an official said.      It has been noticed that rate of inflation of hospital charges at present is around 10-15 per cent...