My Stories
Customers will benefit from standardised bill payment experience, centralised customer grievance redressal mechanism and prescribed customer convenience fee. (Representational image)
Digital payments to get a leg-up
Sangeetha G
08 Aug 2019 2:22 AM

The Bharat Bill Payment System (BBPS) currently covers five utility segments —direct-to-home (DTH), electricity, gas, telecom and water bills.

w While gold moved to `37,050 per 10 gm on the Multi Commodity Exchange, in the New Delhi spot market, prices just shied away from that level at `36,970
Gold crosses Rs 37,000 mark, may go up further
Sangeetha G
06 Aug 2019 3:45 AM

MCX gold rallied to uncharted territory on escalating trade tensions between the United States and China.

Domestic M&A deals more than halved to $11 billion against $23 billion in the year-ago period. (Photo: Pixabay)
Merger & Acquisition deals shrink; Private Equity deals grow
Sangeetha G
02 Aug 2019 2:29 AM

The first half of 2019 witnessed M&A deals valued $17 bn against $64 bn in the same period last year.

In June quarter, fintech space witnessed deals valued $63.3 mn, lowest quarterly deal value since Q3 2014.
Investor interest in fintech space falls
Sangeetha G
02 Aug 2019 2:16 AM

PE/VC investments and M&A deals down 84% in Q2.

After the Budget, the discount was around $16 per ounce and now it has moved up to $23 - $25 per ounce.
No takers for officially imported gold
Sangeetha G
02 Aug 2019 2:04 AM

Usually gold is available for a premium or discount of $2 to $3 an ounce depending upon the dynamic supply-demand situation.

Coffee Day is backed by private equity firms KKR, Rivendell PE (formerly New Silk Route) and Affirma Capital, which manages the portfolio of Standard Chartered PE. KKR owned a 6.07 per cent stake in Coffee Day, Rivendell 10.61 per cent and Affirma about 5.67 per cent by June-end.
Coffee Day, Sical stocks hit lower circuit
Sangeetha G
31 Jul 2019 2:48 AM

He also accused former Director General of Income Tax department of harassment.

In 2014-15, the country had exported leather and leather goods worth $6,494 million by recording a growth of 9.37 per cent. In the previous year the industry had clocked a remarkable growth of 18.39 per cent.
Leather exports decline despite government incentives
Sangeetha G
30 Jul 2019 1:58 AM

Exports drop to $5,691 mn in FY19, de-growing by 0.85 per cent.

The situation is not different for other durables. India’s imports of washing machines and laundry machines are 484 per cent higher than exports. In 2018-19, the country imported Rs 1,670.78 crore worth machines against exports of Rs 286.24 crore. While the imports went up 33 per cent from Rs 1,258 crore in FY18 to Rs 1,670 crore in FY19, exports dipped 10 per cent from Rs 320 crore to Rs 286 crore in one year’s time.
Imports of consumer durables soar in FY19
Sangeetha G
29 Jul 2019 2:32 AM

FTAs helping imports even as India’s exports come down.

Unofficial imports stood at 35 tonnes in H1, lower than 46.8 tonnes in the same period last year.
Gold imports increase 46 per cent in June quarter
Sangeetha G
26 Jul 2019 1:25 AM

Meanwhile gold demand at the retail end rose 14 per cent to 212 tonnes.

It noted with serious concern the mushrooming of cryptocurrencies and numerous people in India investing in these cryptocurrencies.
Govt panel for banning private cryptocurrencies
Sangeetha G
23 Jul 2019 6:33 AM

The committee recommended that all private cryptocurrencies, except any cryptocurrency issued by the state, be banned.


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