Net SIP growth falls 61% in April-December

New Delhi (IANS) Growth of Systematic Investment Plan (SIP) in the country's mutual fund industry fell 61 per cent in the first nine months of the current fiscal, following a year of negative returns and the growing uncertainty due to the upcoming…

Reliance Group reaches agreement with 90% of lenders

Mumbai (IANS) The Anil Ambani-led Reliance Group has reached an in-principle "standstill understanding" with more than 90 per cent of its lenders, the company said on Sunday.

A Reliance Group statement said that as per the understanding…

Karnataka businessman held, jailed for income tax default

Bengaluru (IANS) A Karnataka-based businessman has been jailed for six months for allegedly not filing his income tax arrears and interest of around Rs 7.35 crore despite reminders, an official said on Saturday.

"The defaulter…

Jaitley back as Finance Minister, resumes charge

New Delhi (IANS) Union Minister Arun Jaitley on Friday returned to duties as Finance Minister after medical treatment in the US and a presidential directive to assign him the portfolio.

"The President of India, as advised by the Prime…

ED attaches assets of D.S. Kulkarni Developers worth Rs 904 cr

New Delhi (IANS) The Enforcement Directorate (ED) has attached assets worth Rs 904 crore of D.S. Kulkarni Developers Ltd (DSKDL) for cheating and siphoning off deposits worth Rs 1,084 crore from Maharashtra investors for more than a decade.

Kulkarni…

India's exports in Jan up 4%; imports rise marginally

New Delhi (IANS) India's merchandise exports grew 3.74 per cent on a year-on-year basis in January, official data showed on Friday.

According to the data released by the Ministry of Commerce and Industry, India's January 2019 exports…

India's January WPI eases to 2.76%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices eased to 2.76 percent in January from 3.02 percent reported for the corresponding month of 2018, official data showed on Thursday.

On a sequential basis, the Wholesale…

Equity indices hold on to gains, Sensex 95 points up

Mumbai (IANS) The key Indian equity indices traded in the green on Wednesday afternoon, supported by easing retail inflation and firm global markets.

The S&P BSE Sensex traded nearly 100 points higher during around 1.25 p.m.

India's…

Sensex, Nifty end in red after last hour sell-off

Mumbai (IANS) Key indices Sensex and Nifty succumbed to the final-hour selling pressure after trading in the green for the better part of Wednesday's session on account of easing inflation giving way to expectations of further rate cut.

IT…

Xiaomi leads India smartphone market in 2018, Samsung second

New Delhi (IANS) Chinese brand Xiaomi with 28.9 percent market share led the Indian smartphone market in 2018, followed by South Korean brand Samsung at 22.4 percent and Vivo at 10 percent, an International Data Corporation (IDC) report said on Tuesday.