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