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The higher inflows along with appreciation in the net asset value of MF units led to a 5.30% or 1 trillion jump in the industrys total AUM from 18.96 trillion recorded at the end of June 2017.

MFs' asset base likely to cross Rs 20 trillion

Going by the current trend, the AUM of the industry is all set to hit a major milestone of Rs 20 lakh crore (trillion)...

5 Aug 2017 3:43 AM IST

In Financial Year 2016-17, the mutual fund on an average has added about 6.19 lakh SIP accounts per month.

MFs' AUM touches record-high of Rs 20 lakh crore in July

Overall inflow in MF schemes stood at Rs 63,504 crore last month.

4 Aug 2017 7:18 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC completes Rs 7.7,000 cr acquisition of GSPC

Company had also agreed to pay part consideration of USD 200 million (Rs 1,295 crore) to GSPC.

4 Aug 2017 7:11 PM IST

Income-tax sources said more than Rs 5.5 crore unaccounted cash was seized during the raids, besides property documents and jewellery worth over Rs 89 crore.

Customs, IGST collection nearly doubles to Rs 30,000 cr in July

July collections compare to indirect tax collection of over Rs 16,000 crore of the same month of 2016.

4 Aug 2017 7:05 PM IST

$Arun Jaitley informed the Parliament \Transformative measures have to be undertaken to make Indian Railways competitive,$ Business

Aadhaar not mandatory for booking rail tickets: Govt

Aadhaar number mandatory for registration of death with effect from October 1, 2017.

4 Aug 2017 6:39 PM IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

E-verify your I-T returns in simple steps; Saturday is last day

Taxpayer can now avoid 'need' of either sending ITR-V by ordinary post or digitally sign it and upload it.

4 Aug 2017 6:20 PM IST

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

HPCL Q1 net profit dips by 56 per cent

The company earned USD 5.86 on turning every barrel of crude oil into fuel during April-June, 2017-18.

4 Aug 2017 5:49 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

No regulations governing virtual currencies in India: Jaitley

RBI advised that it has not given any licence to any entity/company to operate such schemes or deal with Bitcoin.

4 Aug 2017 5:28 PM IST

imported cars_0_0.jpg

Maharashtra to hike vehicle tax to compensate GST losses

As per the proposal, tax levied under different tax slabs for different vehicles would be raised.

4 Aug 2017 5:26 PM IST

Minister of State for Finance Arjun Ram Meghwal.

Notes in circulation at 86 pc of pre-note ban level: Meghwal

RBI has made arrangements for supply of adequate banknotes in various denominations.

4 Aug 2017 5:06 PM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Late buying halts 2-day losing spell, Sensex up 88 points

Covering-up of short positions supported late recovery, helping wipe off initial losses.

4 Aug 2017 4:53 PM IST

The stock closed 2.57 per cent down at Rs 67,400 apiece on BSE.

MRF Q1 net profit plunges 78 per cent to Rs 106.53 crore

Total income during the quarter under review stood at Rs 4,060.93 crore as against Rs 3,955.93 crore.

4 Aug 2017 4:42 PM IST