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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.Business
Over 100 US cos visiting India to explore business opportunities

Besides New Delhi, the delegation would be visiting Ahmedabad, Chennai, Kolkata, Mumbai, Bengaluru and Hyderabad.

6 May 2019 5:52 PM IST

Bullion traders said at overseas market gold rallied to highest level this year. (Photo: Representational/AFP)Business
Gold rises on jewellers' buying, firm trend overseas

Traders said positive trend overseas and support from local jewellers led to a rise in gold prices.

6 May 2019 4:34 PM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)Business
Sensex slumps 363 pts as US-China trade talks derail

After plunging 453 points intra-day, the BSE Sensex settled 362.92 points, or 0.93 per cent, lower at 38,600.34.

6 May 2019 4:23 PM IST

Infosys is Indias second largest information technology company. (Photo: PTI)Business
End-user IT spending in India to reach USD 15 bn in 2019: Report

Spending on BPO is forecast to achieve the highest growth in 2019, at 14.4 per cent year-over-year.

6 May 2019 3:56 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.Business
Crude oil futures fall on global cues

The oil contracts for delivery in July fell by Rs 133, or 3.04 per cent, to Rs 4,243 per barrel in a business volume of...

6 May 2019 3:43 PM IST

Medlife Founder and CEO Tushar Kumar said, \Our acquisition of Myra Medicines will be a game changer in the delivery of quality services for access to medicines\.Business
Medlife acquires Bengaluru-based Myra Medicines

Myra's acquisition will enable the company to strengthen its pharma business and accrue profits, Medlife said in a...

6 May 2019 2:43 PM IST

Grofers works closely with 4,000-5,000 small merchants who help the company fulfill its orders.Business
Grofers plans on doubling sales to Rs 5,000 cr by FY20; eyes IPO in 3...

The online player that was last valued at USD 600 million has moved out of hyper-local delivery model 3 years ago.

6 May 2019 1:48 PM IST

Insurance companies also raised their stake in Yes Bank from 11.04 per cent to 11.10 per cent while select mutual funds also raised their stake, though overall mutual funds reduced their stake in Yes Bank from 10.16 per cent to 9.54 per cent.Business
Yes Bank shares fall 5 pc on ratings downgrade

Icra downgraded Yes Bank's long-term ratings along with a negative outlook.

6 May 2019 12:53 PM 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.Business
Income tax e-filers drop by over 6.6 lakh in FY19: Official data

Kotak Economic Research in an April 30 report said: "We are surprised with the decline in income tax e-filing in...

6 May 2019 11:41 AM IST

The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All IndiaBusiness
April service sector growth at 7-month low, dented by Lok Sabha...

Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.

6 May 2019 11:29 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)Business
Sensex cracks over 400 pts amid bloodbath in Chinese equities

Chinese bourses sank led by Shanghai Composite Index that plunged over 5 per cent.

6 May 2019 10:16 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.Business
Rupee slips 24 paise to 69.46 vs USD in early trade

The rupee opened weak at 69.38 at the interbank forex market and then fell further to 69.46, down 24 paise over its last...

6 May 2019 9:59 AM IST

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