!1 New UpdateClick here for latest updates India vs Australia 4th Test, Day 5: India makes 83/1 in 2nd innings till lunch, need 245 runs in 62 overs to win 13 people died after they were run over by a truck in Kosamba, Surat. Police says, “All the deceased are labourers and they hail from […]
Author: Aparna
equity mutual funds: NFOs gain big; fear of correction hits equity mutual fund inflows
Equity mutual funds saw net outflows for the sixth straight month in December, 2020. While all the equity mutual fund categories, except a few, saw outflows in December, NFOs kept going strong. The outflows are attributed to the profit booking by mutual fund investors as the indices continue to soar. However, the new fund offers […]
A $6 billion fund is upbeat on Indian stocks unfazed by prices
A record price-to-earnings valuation for Indian shares shouldn’t act as a deterrent for investors, according to Radhika Gupta, the head of Edelweiss Asset Management Ltd. Gupta, the only female chief executive officer of a major asset manager in India, says it’s “risky to be underweight equities” at a time when local stocks remain “heavily” driven […]
MCC to auction nearly 1,200 outlets to garner resources by raising rent
Nearly 1,200 tenants occupying commercial complexes and outlets belonging to Mysuru City Corporation (MCC) have been issued eviction notice as a precursor to the conduct of a fresh auction. This is the fallout of the imperatives of raising additional resources for the cash-strapped MCC, which receives a pittance by way of rent from these commercial […]
Sensex ends lower after choppy trade; M&M soars 6%
M&M was the top gainer in the Sensex pack. Retreating from its record peak, equity benchmark Sensex ended 25 points lower after a volatile session on Wednesday as investors booked profits amid mixed cues from global markets. After gyrating over 721 points during the day, the 30-share BSE index ended 24.79 points or 0.05% lower […]
Assam to come up with Science City at Tepesia with an expenditure of Rs 184 crore
Guwahati: Assam to come up with of Science City at Tepesia in the outskirts of the Guwahati with an expenditure of Rs 184 Crore. Assam Chief Minister Sarbananda Sonowal laid foundation stone of Science City for popularising science and technology at the grassroots. The Science City would be built for a total expenditure of Rs. […]
Joe Biden’s economic council pick Sameera Fazili was part of protests against Article 370 abrogation
New Delhi: Kashmiri origin Indian-American Sameera Fazili, who is the newly appointed Deputy Director of the National Economic Council of the Biden administration, has a track record of playing a role in anti-India protests in USA over the Kashmir issue. Fazili played a key role in one of the protests within four days of abrogation […]
India’s now among top 10 buyers of US treasuries
For the first time, India has featured in the list of top 10 sovereign investors in US Treasuries. At the end of October, the count was at a new record high of $222.4 billion, showed latest data. That should give sufficient cushion to Asia’s third-biggest economy when interest rates turn globally – and currency volatility […]