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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

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.

Over 3.81 lakh new jobs created in central govt departments in last...

Over 53,000 new jobs were created in indirect tax departments and 29,935 in direct tax departments.

8 July 2019 2:53 PM IST

Gamers who experience games for over 2 years, usually exhibit switching behaviour to PC or Console based gaming. (Photo: Pixabay)

Skill gaming industry: The road ahead

The cost of playing online games have plummeted, thanks to affordable internet connectivity.

8 July 2019 12:16 PM IST

According to a conservative estimate of Directorate of Revenue Intelligence (DRI), the total market of smuggled gold in India is nothing less than Rs 9,000 crore.

Hike in gold import duty part of policy to curb non-essential imports:...

Hike in gold import duty to 12.5 per cent from 10 per cent could lead to problems like smuggling.

8 July 2019 11:39 AM IST

The Union Budget presented by the new Finance Minister Nirmala Sitharaman could not offer tea producers in India the cuppa that cheese. And thats not without reasons.

Tea industry neglected

Interestingly, Iran, under normal circumstances, buys 28-30 million kg of orthodox teas from India.

8 July 2019 2:31 AM IST

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Share buyback to attract higher tax

Indian IT stepped up payout of free cash flow through a mix of dividend and buyback (more tax efficient) in the past...

8 July 2019 2:28 AM IST

Image: TigerMobiles

DoT likely to start tracking system for lost mobiles next month

The tracking system would help detect stolen mobiles even if SIM card is removed or IMEI number is changed.

7 July 2019 4:39 PM IST