EPFO takes ETF route to enter bourses, plans further investments in future
Aug 06, 2015 at 18:56 | Source:
Mumbai: Marking its maiden entry into stock market, retirement fund body EPFO today announced its first equity investment through Exchange Traded Funds benchmarked to key indices Sensex and Nifty and promised to invest more than the current limit of ...
SBI error makes Kanpur woman richest in the world
Jul 26, 2015 at 12:26 | Source:
Urmila Yadav, a resident of Kanpur's Vikas Nagar, received a shock of lifetime when she realized that her bank account, which held Rs 2000, showed a balance of Rs 95,71,16,98,647.14.Yadav had opened a savings account at the State Bank of India (SBI) ...
Sensex snaps two-session fall with 323 points gains as RIL leads rebound
Jul 22, 2015 at 16:47 | Source:
A day after domestic equities took a sharp plunge on worries of disappointing earnings from select blue chip companies, key benchmark indices on Wednesday bounced back sharply fuelled by spectacular gains led by index heavyweight Reliance Industries ...
Cautious SBI may delay $1.5 bn bond sale fearing Greek crisis spillover
Jul 08, 2015 at 17:48 | Source:
New Delhi: State Bank of India (SBI) may delay $1.5 billion overseas bond issuance programme due to volatility in foreign market as a result of Greek debt crisis. "There is volatility in the global market due to Greek issue. No one would venture...
India asks refiners to buy dollars, euros to settle Iran oil dues| Reuters
Jul 01, 2015 at 01:45 | Source:
NEW DELHI India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.Local refiners still owe Ira...
Sensex ends down 167 points, after crashing over 600 pts in initial trades
Jun 29, 2015 at 17:05 | Source:
Domestic equity markets ended off their intra-day lows as late bout of shortcovering in select FMCG and frontline stocks helped the benchmark Sensex erase most of its early losses after a weak opening had snow-balled into a full-blown sell-off in the...
LIC should ask itself who is the boss: The policyholder or Arun Jaitley
Jun 27, 2015 at 15:17 | Source:
It is time for Finance Minister Arun Jaitley to start work on listing the public sector insurance behemoth, the Life Insurance Corporation (LIC) of India.Quite apart from the fact that the money obtained by offloading a portion of LIC will be useful ...
Reliance Capital, ICICI Securities to manage Rs 60,000 crore coal PF
Jun 26, 2015 at 15:15 | Source:
New Delhi: Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore provident fund corpus of coal industry workers, a government official said.The decision was taken by the ...