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Latest News:

Foreign Portfolio Investment,  FPI

FPIs pour ₹9,500 cr in February

Mumbai: Overseas investors have pumped in over ₹9,500 crore ($1.4 billion) into the country’s capital markets this month so far, enthused by clarity on FPI taxation... Read More


Vodafone, Idea Likely To Seal Merger Pact Within A Month

New Delhi: British telecom company Vodafone and Aditya Birla group firm Idea Cellular are likely to finalise within a month the mega merger deal that will create India's largest telecom firm, according to sources.

"The companies are likely to announc... Read More

gold import

Gold imports shrink 32.7% in April-Jan

NEW DELHI: India’s gold imports fell by about 32.7 per cent to $19.74 billion during the April-January period of this fiscal, which is expected to keep a lid on the current account deficit.

Total imports of the precious metal in the corresponding p... Read More

IRB Infra

IRB InvIT Fund gets SEBI approval to launch IPO

NEW DELHI: IRB InvIT Fund, an investment trust sponsored by IRB Infrastructure Developers, has received markets regulator SEBI’s approval to raise Rs. 4,300 crore through initial public offering.

However, the Securities and Exchange Board of Indi... Read More


Want to become rich? Here are some rules & habits to follow

No one becomes wealthy by accident. You have to be determined to do the right things to create wealth. Since it starts with mindsets, I suggest that you should reject these three common, yet costly, habits.

1) Postponement -

“I can’t afford to invest... Read More

State Bank of Travancore

SBT to raise up to ₹ 600 cr

New Delhi: Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to ₹ 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.

The bank got approval of its Executive... Read More

Reliance Capital, Financial Results

Reliance Capital plans to sell 1% stake in Paytm for $50-60 mn

New Delhi: Reliance Capital is in talks to sell its one per cent shareholding in digital payments firm Paytm for about $50-60 million.

According to sources, Reliance Capital is planning to raise $50-60 million by selling its one per cent share in One... Read More

Bharat Road Networks

Bharat Road Networks files IPO papers with Sebi

New Delhi: Bharat Road Network Ltd, a Srei Infrastructure Finance Ltd initiative, on Friday said it has filed draft papers with capital markets regulator Securities and Exchange Board of India (Sebi) to float a public issue.

The initial public offer ... Read More

forex reserve

Forex reserves down $360.9 mn to $362.78 bn

Mumbai: India's foreign exchange reserves dropped by USD 360.9 million to USD 362.785 billion in the week to February 10 due to decline in foreign currency assets (FCAs), a key component, the Reserve Bank said today.

In the previous week, the reserve... Read More

Minda Industries

Minda Corporation fixes record date for payment of dividend

Mumbai: Minda Corporation has fixed March 2, 2017 as the record date for the purpose of payment of dividend at Rs 0.20 per share of FV of Rs 2 each.

Minda Corporation closed marginally down. In the last one year, the stock has given a return of 1... Read More