Listed fund inflows rise in August

Mumbai (IANS) Boosted by non-exchange traded fund (ETF) flows, listed funds inflows into the country increased in the month of August to $983 million, a report by Kotak Institutional Equities has said.

Of the inflows, $824 million came from…

Centre looks to announce winning bid for Air India next month

New Delhi (IANS) The Central government proposes to wrap up the divestment of Air India by the middle of next month with the announcement of winning bid for the national carrier.

Sources indicated that tentatively October 15 has been kept the…

Tourism, ease of doing business must be addressed by removing SEIS cap & restoring scrip rates

New Delhi (IANS) FAITH, the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India (ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI), has flagged critical concerns…

Diesel price rise again, petrol stable amid volatility in global oil markets

New Delhi (IANS) Auto fuel prices in the country have maintained stability amid volatility in global oil prices, but the oil marketing companies on Sunday increased the pump price of diesel marginally while maintaining stability in petrol prices.

Crop, motor insurance grows overall industry's YoY GWP last month

New Delhi (IANS) Crop insurance amongst others accelerated the year on year growth of general insurance industry's 'Gross Written Premium' (GWP).

In technical parlance, GWP is the total premium before deductions for reinsurance…

Import duty norm relaxed to improve containers availability

New Delhi (IANS) The Centre has relaxed import duty norm on empty export cargo containers to improve their availability.

At present, keeping containers beyond a period of six months attracts an import duty.

The policy was designed to…

Bull-run: Sensex crosses 60k-mark; realty stocks rally

Mumbai (IANS) India's benchmark equity index S&P BSE Sensex crossed the 60,000-mark milestone on Friday. It took 246 days to accumulate the last 10,000 points.

The 30-scrip sensitive index crossed the milestone just after the pre-open session…

CCI penalises beer companies for cartelisation, UBL slapped Rs 750 cr penalty

New Delhi (IANS) The Competition Commission of India has passed a final order against three beer companies -- United Breweries Ltd (UBL), SABMiller India Ltd (now renamed Anheuser Busch InBev India Ltd) and Carlsberg India Private Ltd (CIPL) for indulging…

Record-Highs: Global cues trigger rally; Sensex, Nifty make healthy gains

Mumbai (IANS) Positive global cues emanating from the US lifted India's key stock indices to their record high levels during Thursday's trade session.

Accordingly, both key indices - S&P BSE Sensex and NSE Nifty50 - touched their new…

Sify Technologies to set up data centres with 200 MW capacity

Chennai (IANS) The Nasdaq listed Sify Technologies Ltd will be setting up 200 MW capacity data centres over the next four years with a mix of hyperscale and retail facilities, said a company official.

The new data centres will come up in Mumbai,…