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Dealers offer gold discount for first time in five months

Gold importers are offering a discount of $2 an ounce versus London prices for the first time in almost five months due to market oversupply.

Importers generally charge a premium

'Rs 60k cr investments needed for more insurance penetration'

The domestic insurance industry needs investments worth up to Rs 60,000 crore in next five years to increase the penetration levels substantially from the current 3.9 per cent, Insurance

SNB imposes negative interest rates to stem flight into franc

The Swiss National Bank said on Thursday it would impose negative interest rates on cash held by other banks at the central bank, seeking to discourage safe-haven buying by investors

SBI approves OTS for mining-affected borrowers in Goa

State Bank of India has approved the one-time settlement (OTS) scheme for its borrowers from the beleaguered mining industry in Goa.

This is expected to pave way for other financial

ICICI Lombard to be restrictive towards weather insurance

In a bid to maintain its bottomline, India's largest private sector non-life insurer ICICI Lombard has decided to cut down its exposures in certain segments, including weather insurance.

"We are

Rupee snaps three days of losses

The rupee is trading at 63. 27/28 versus Wednesday's close of 63

MFs slowed buying stocks before crash

Mutual funds, which were net buyers in the domestic equity market for six consecutive months up to October when stocks were at elevated levels, have since gone slow in buying

Fund managers try to cash in on ‘make in India’ drive

Mutual fund managers are bullish on stocks that are likely to benefit from the Modi government’s ‘make in India’ campaign.
Sundaram Mutual Fund and Birla Sun Life Mutual Fund in

Falling Re may spook rate cut hopes, says SBI

The continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank, according to a survey.
"We believe that prolonged

Jan Dhan yojana: No fresh a/c needed to get benefits of scheme

Government today said persons already having bank account need not to open a fresh one to avail benefits of the Pradhan Mantri Jan Dhan Yojana (PMJDY).
"A person who is

  • Payout on Franklin Templeton plan

    FT Capital Protection Oriented plan has announced up to 100 per cent of distributable surplus as dividend.

  • Canara Robeco declares dividend

    Canara Robeco Interval Series 2 has declared up to 100 per cent of distributable surplus as dividend.

  • Payout on HSBC MF plan

    HSBC Mutual Fund has declared up to 100 per cent of distributable surplus as dividend on HSBC Fixed Term Series 30.

  • Dividend on Kotak MF

    Kotak Mutual Fund has announced up to 100 per cent of distributable surplus as dividend on Quarterly Interval Plan Series 8.

  • UTI Mutual Fund declares dividend

    UTI MF has declared up to 100 per cent of surplus as dividend on UTI Quarterly Interval Fund Series IV.

  • Payout on Bharti AXA scheme

    Bharti AXA Mutual Fund has declared dividend on weekly frequency on Bharti AXA ST Income Fund.

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