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Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said on Wednesday.

MF asset base dips Rs 66,000 crore in May to Rs 22.6 lakh crore

Overall, investors withdrew a net Rs 50,000 crore in MF schemes last month as compared to a net infusion of Rs 1.4 lakh...

8 Jun 2018 2:52 PM IST

Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10. Photo: PTI

Bank of India hikes lending rate based on MCLR by 0.10 per cent

The bank has increased MCLR rates by 10 bps for various tenors, it said in a statement.

8 Jun 2018 1:34 PM IST

The administration may also raise salaries paid to H1-B visa holders, a move that could significantly increase costs for IT companies that are already facing pressure on margins. (Representational image)

Over 2.25 lakh cos may be struck off in FY'19 for not filing financial...

Over 3.09 lakh directors were disqualified for not filing financial statements or annual returns for preceding 3 years.

8 Jun 2018 1:25 PM IST

Chinas foreign exchange reserves rose slightly in March as broad U.S. dollar weakness continued.

FDI in India rises to USD 61.96 billion in 2017-18, says govt

FDI inflows stood at USD 60 billion in the previous fiscal.

8 Jun 2018 1:07 PM IST

The Directorate General of Safeguards (DGS) has slapped a profiteering notice on Jubilant FoodWorks for allegedly not passing on GST rate cut benefit to consumers at its Dominos Pizza outlets.

Notice shot off to businesses for less IGST input credit claim

The analytics was conducted based on data between July to March - the first nine months of GST rollout.

8 Jun 2018 12:59 PM IST

Reliance Jio will start offering cashback and benefits totalling Rs 2,599 from Friday to its Jio Prime members opting for recharge of Rs 399 and above. (Photo: AFP)

Reliance Retail to 'leverage' Jio's strength to consolidate position

As per its strategy, it would continue to expand network in tier II and III cities in the country.

8 Jun 2018 12:53 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

IMF agrees to USD 50 billion deal to help Argentina's economy

Finance Minister Nicolas Dujovne said the funds would be available after the executive board meets June 20.

8 Jun 2018 12:36 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Reduce oil duties to check fuel price rise, says Assocham

Over Rs 19 per litre is added to the cost on account of excise duty levied by the Centre.

8 Jun 2018 12:17 PM IST

Finance minister Arun Jaitley listens to chief economic advisor Arvind Subramaniam as MoS (finance) Shiv Pratap Shukla looks on at the 22nd meeting of the GST council in New Delhi. (Photo: PTI)

Working to rationalise GST rates, says Shiv Pratap Shukla

The MoS Finance said a big announcement from the government regarding GST is imminent.

8 Jun 2018 12:00 PM IST

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.

Petrol price cut by 21-22 paise per litre, diesel by 15-16 paise

In Delhi, petrol now costs Rs 77.42 a litre, and diesel costs Rs 68.58 per litre.

8 Jun 2018 11:30 AM IST

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

No salary hike for Mukesh Ambani for 10th year in a row

Mukesh Ambani remuneration for 2017-18 included Rs 4.49 cr as salary and allowances.

8 Jun 2018 11:04 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex down 137 points in early trade on weak Asian cues

Sectoral indices led by power, realty, oil and gas, banking, PSU were trading in negative zone, falling up to 0.93 pc.

8 Jun 2018 10:09 AM IST