Over Rs 15k-crore from IPO of 2 PSU gen insurers to be raised

Monday, 18 Sep 2017 | PNS | NEW DELHI

Initial public offering of the two state-owned general insurance companies is likely to yield over Rs 15,000 crore to the exchequer, said merchant banking sources. Out of the five state-owned general insurance companies, New India Assurance (NIA) and GIC Re are gearing up to hit the capital market over the...

Is it time to look for dynamic debt funds in decreasing rate cycle?

Monday, 18 Sep 2017 | PNS | New Delhi

Majority of the commercial banks over the last one month have reduced their savings account rates by 0.50 per cent. Even the returns from traditional investment avenues like fixed deposits are on a downtrend. At such times, debt mutual funds present an attractive alternative for investors who are looking...

Rs 65k-cr GST credit under CBEC lens

Saturday, 16 Sep 2017 | PNS | New Delhi

A whopping Rs 65,000 crore out of the nearly Rs 95,000 crore tax collections in July have been claimed as transitional credit by taxpayers and now the tax authorities are preparing to check the veracity of claims of over Rs 1 crore. Central Board of Excise and Customs (CBEC) has asked...

Exports rise 10.29% in August; trade deficit swells to $11.64 bn

Saturday, 16 Sep 2017 | PTI | New Delhi

India’s exports recorded a double digit growth of 10.29 per cent after a gap of three months to $23.81 billion in August, mainly on account of rise in shipments of chemicals, petroleum and engineering products, Government data showed on Friday. Imports too rose by 21.02 per cent to $35.46 billion...

Sebi to streamline internal mechanism for enforcement actions

Saturday, 16 Sep 2017 | PTI | NEW DELHI:

To reduce the high pendency of cases, Sebi plans to expedite settlement proceedings and streamline its internal mechanism to better decide whether they need soft or hard enforcement actions, a senior official said. To select cases for enforcement actions, the markets regulator will soon put in place internal...

Dixon Tech, Bharat Road Network to list on bourses on Monday

Saturday, 16 Sep 2017 | PTI | New Delhi:

Dixon Technologies and Bharat Road Network, which have concluded their initial public offers (IPOs) recently, will make stock market debut on Monday. Consumer electronics manufacturer Dixon Technologies’ IPO was oversubscribed 117.83 times between September 6-8. The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 134.66 times, non...

Min asks companies to spend 7% CSR funds towards Swachh Bharat

Saturday, 16 Sep 2017 | PTI | New Delhi

Union Minister PP Chaudhary on Friday asked over 11 lakh companies to contribute 7 per cent of their CSR funds to Swachh Bharat Mission and urged them to direct their employees to undertake cleanliness drive. Besides, the minister of state for corporate affairs has written to the companies to ‘sponsor...

On-time performance key factor for airline’s fortune, says AI chief

Saturday, 16 Sep 2017 | PTI | New Delhi:

Air India chief Rajiv Bansal has told employees that on-time performance of flights is the ‘most important deciding factor’ along with services in determining an airline’s fortune. Bansal, who took over as the Chairman and Managing Director of the disinvestment-bound airline last month, is focused on improving the On-ime Performance...

Maximum entry age limit for NPS to 65 yrs proposed by PFRDA

Saturday, 16 Sep 2017 | PTI | New Delhi

Pension fund PFRDA regulator has proposed to raise maximum entry age limit for subscribing National Pension System (NPS) to 65 years. The entry age to NPS is now proposed to be increased to 65 years from 60 years and there is an option to continue up to age of 70...

Mistry family opposes Tata Sons’ plan to turn into pvt co

Saturday, 16 Sep 2017 | PTI | New Delhi

Tata Sons, the promoter of major operating companies of the Tata group, is planning to convert itself into a private limited firm from a public limited one, which has been opposed by the family of ousted chairman Cyrus Mistry. In a notice to shareholders ahead of...


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38-yr-old held for duping people coming to ATM

17 Sep 2017 | Staff Reporter | New Delhi

A 38-year-old man has been arrested by the Farsh Bazaar police for allegedly duping people coming to ATM and fraudulently withdrawing their money. Twelve ATM cards have been recovered from his possession...

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In brief.

19 Sep 2017 | PNS | New Delhi

MP warns against fake ads Koderma MP Ravindra Kumar Roy has warned youths to beware of fake job advertisements for KISAN TV Channel as a gang is cheating on the name of the job in this TV channel. Roy appealed to the youths not come in such a hoax as in the name of training they are asking youths to deposit money in their accounts...

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