Net outflows from equity MFs at over Rs 10k cr in December

New Delhi (IANS) Equity and equity-linked mutual fund schemes saw a net outflow of Rs 10,147.12 crore in December, showed data from the Association of Mutual Funds in India (AMFI) on Friday.

The net outflow stood at Rs 12,917.36 crore in November,…

Petrol price breaches all-time high; tops Rs 84/litre in Delhi

New Delhi (IANS) Petrol prices have breached all-time high levels in the new year as rising global oil prices pushed fuel marketing companies to raise the pump price of auto fuels for the second time this year on Thursday.

Accordingly, petrol…

Microfinance sector's loan portfolio shrinks in Q2, FY21

New Delhi (IANS) The gross loan portfolio (GLP) of India's microfinance sector witnessed a de-growth of 1.15 per cent in the July-September quarter at Rs 2.24 lakh crore, on a quarter-on-quarter basis, according to CRIF High Mark's 'MicroLend'…

Retail investors pump in $ 12bn as they go direct in stock market

New Delhi (IANS) Retail investors in India directly bought stocks to the tune of $ 12 billion over January-September as the post-Covid period has seen rising retail inflows similar to the global trend.

According to a report by foreign brokerage,…

Early inclusion of natural gas into GST fold likely

New Delhi (IANS) With states coming on board over GST compensation issue, the Centre is gearing up to get their consent over inclusion of petroleum products under the new indirect tax fold.

Sources privy to the development said that based on…

Iron ore prices expected to remain elevated over mid-term: India Ratings

Mumbai (IANS) Iron ore prices are expected to be elevated over the near-mid-term due to supply-side constraints clubbed with a simultaneous robust revival in demand post Covid-19 led demand shocks, India Ratings and Research said on Wednesday.

Demand momentum improved significantly since Sep 2020: PHDCCI

New Delhi (IANS) The business sentiment and demand momentum in India has improved tremendously since September 2020, according to PHD Chamber of Commerce and Industry's Economy GPS Index.

A report by the industry body said that as a result…

India witnessing V-shaped recovery since June: FinMin Report

New Delhi (IANS) India has been witnessing a 'V-shaped' recovery since June with the gradual easing of restrictions on economic activities, said a Finance Ministry report.

"The sustained improvement in high frequency indicators ignite…

Sensex hits 48,000 for the first time ever

Mumbai (IANS) The Indian equity indices hit fresh highs on Monday with the BSE Sensex touching the 48,000-mark for the first time.

It has touched an all-time high of 48,168.22 points. Similarly, the Nifty50 on the National Stock Exchange touched…

Dec manufacturing growth inches up: PMI

New Delhi (IANS) India's manufacturing sector growth inched up in December, as improving business environment pushed order flow.

The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) inched…