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Mutual Funds suffer nearly Rs 1.60 lakh cr outflow in June: AMFI

The net outflows of mutual funds stood at Rs 1,59,814.40 crore in June.

9 July 2019 8:24 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Sell on rise as market enters correction phase

The broader market BSE Mid-Cap and Small-Cap indices followed the benchmark, cracking up to 2.46 per cent.

9 July 2019 3:40 AM IST

Reserve Bank of India (RBI)

RBI buys 5.6 t gold in April

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years.

9 July 2019 3:36 AM IST

Anyone can start buying mutual funds with sums as small as Rs 500. More conveniently, you can do this from home, without having to step into a branch or submit a single sheet of paper for your KYC.

Mutual funds get a helping hand from FM

Fund managers had no choice but to keep buying same shares at higher levels simply because more money was being brought...

9 July 2019 3:32 AM IST

Hemant Kanoria Chairman, Srei Infrastructure Finance Limited

Finance Minister has pressed several right buttons

The target investment figure of Rs 100 trillion for infrastructure over a five-year horizon will surely be encouraging...

9 July 2019 3:27 AM IST

Seventeen islands in Andamans have also been identified for holistic development that includes building infrastructure to promote tourism. (Photo: Representational/Pixabay)

Iconic Tourist Sites remain on paper

The last budget in February 2018 promised that 10 tourist sites will be developed into "iconic" tourist destinations.

9 July 2019 3:21 AM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

Bonds rally on government's plan to tap global market

The domestic currency closed lower by 23 paise at 68.65 on Monday compared to previous trading day's closing of 68.42.

9 July 2019 3:14 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

Liquid funds see Rs 1.5 lakh crore outflow

Systematic investment plans' contribution stood at Rs 8,122.13 crore, coming from 2.73 crore SIP accounts.

9 July 2019 3:09 AM IST

Finance Minister Nirmala Sitharaman

Budget impact: Investor wealth down by Rs 5 lakh crore

In the two sessions of Friday and Monday, the BSE market capitalisation plummeted by Rs 5,61,772.64 crore.

9 July 2019 3:03 AM IST

Overall, its sharp lines on the tank and edgy design make the bike a head-turner. If we talk about its ergonomics, the scooped-out seat lets a rider snugly prop themselves on the bike.

Better late than never

The BMW G 310 R, launched recently after a four-year wait, proves that good things come to motorcyclists who wait.

9 July 2019 2:36 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

5 key changes in annual income tax assessment in Budget 2019

Additional income tax deduction of Rs 1.5 lakh on home loans for houses under Rs 45 lakh announced in Budget 2019.

8 July 2019 8:32 PM IST

During the hearing of the petitions, the TRAI had submitted that the rate cut would ultimately benefit the internet users.

Trai sticks to stance on pricing of spectrum for 5G, other bands

The telecom regulator has now suggested a lower lock-in period of two years for this band against 5 years prescribed...

8 July 2019 8:19 PM IST