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India’s super rich increase exposure to risky ventures

With an improvement in economic sentiment, India’s super rich are moving out of their comfort zones and allocating higher amounts of their investible surplus in more risky ventures.

India’s biz sentiment bullish

With markets at life time high, Citi Research which recently met 50 large instutional investors in London reported that sentiments are bullish towards India.

Firms with 10 workers to come under EPF Act

The government is considering a proposal to reduce threshold limit for coverage of firms under the EPF Act to 10 persons.

Centre to fast-track highways

While blaming bottlenecks in acquiring land, Union minister for surface transport Nitin Gadkari on Wednesday told the Lok Sabha that there is a need to amend the Land Acquisition Act in a way that inf

TCS is first Indian firm to claim Rs 5 trillion m-cap

Tata Consultancy Services (TCS), the country’s largest software services exporter, on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to ach

Sensex and nifty hit lifetime records

Sensex hit a lifetime high in intra-day trading amidst high bouts of volatility and Nifty scaled above its psychological level

World Bank Group commits USD 18 billion loan to India in 3 years

World Bank

World Bank said on Wednesday that it will provide financial support of $15-18 billion over the next three years to India to create more jobs and fight poverty.

Brokers told to have compliance officials

To safeguard Indian markets from money laundering risks, brokers and other intermediaries would need to have designated director for (PMLA) Prev-ention of Money Laun-dering Act compliance by the end

Diversifying crude oil import, says Dharmendra Pradhan

The Rajya Sabha was informed on Wednesday that the country is diversifying its sources of crude oil imports to reduce dependence on any one region.

News Glance

Auto firms bet on Modi plans

After witnessing the worst slowdown in last 30 years, the automobile industry is hoping for a gradual recovery in sentiments and growth following the change of guard at the Centre.

BizBriefs

Ram Vilas Paswan to focus on public distribution system

After taking charge of the ministry of food and civil supplies, Union minister Ram Vilas Paswan listed price rise control, improving Public Distribution System (PDS) and creation of adequate storage c

It is a measure of Sri Lanka’s return to “normal” democratic politics that conspiracy theories are once again resonating in Colombo.

Prime Minister Narendra Modi’s government faces significant challenges in trying to reinvigorate India’s economy back to the robust growth it enjoyed a few years ago.