FPIs pull out Rs 8,319 cr in Aug amid persisting negative sentiment

FPIs pull out Rs 8,319 cr in Aug amid persisting negative sentiment

Monday, 19 August 2019 | PTI | New Delhi

Foreign investors pulled out Rs 8,319 crore on a net basis from capital markets in the first half of August, continuing their selling spree in the Indian market amid uncertainty over FPI tax and global trade worries. According to the depository data, foreign portfolio investors (FPIs) sold equities worth Rs 10,416.25...

Market borrowings touch 57% of Budget Estimates in June

Sunday, 18 August 2019 | IANS | New Delhi

The Government’s market borrowings have touched Rs 2.54 lakh crore, which is 57 per cent of the Budget Estimates, as of June 2019. The budgeted market borrowing is Rs 4.48 lakh crore for the fiscal. On a comparison basis, the borrowing was 31 per cent in the same time of the last...

Over Rs 1L cr in PMJDY accounts

Sunday, 18 August 2019 | PTI | Bhopal

More than Rs 1 lakh crore have been deposited in over 36 crore bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), reveals an RTI. Chandrashekhar Gaur, a social worker from Neemuch district of Madhya Pradesh, filed the RTI seeking the details of the PMJDY from the Ministry of...

2 RCom promoters pledge additional 11.5% stake

Sunday, 18 August 2019 | PTI | New Delhi

Two promoter entities of Reliance Communications (RCom) have pledged 11.5 per cent more stake in favour of Axis Trustee Services, according to regulatory filings. Reliance Communications Enterprises and Reliance Telecom Infrainvest on August 16 pledged about 11.51 per cent of their holding in Reliance Communications amounting to 31.82 crore shares in...

General Electric engaged in ‘bigger fraud than Enron’: Whistleblower

Sunday, 18 August 2019 | IANS | San Francisco

A whistleblower has accused General Electric (GE) of hiding massive losses by engaging in a $38 billion accounting fraud, which is “bigger than Enron”. In his report this week, investigator Harry Markopolos accused GE of utilising many of the same accounting tricks as Enron did to mislead the investors. “In fact, GE’s...

Apple will spend ‘vast sums’ in US, says Trump

Sunday, 18 August 2019 | PTI | Washington

Donald Trump said on Friday that tech giant Apple would be spending “vast sums” of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook. The men have had several informal meetings before, including at Bedminster, New Jersey, where Trump is reportedly on a...

I-T Dept issues 17-point checklist to trace unaccounted DeMo cash

Sunday, 18 August 2019 | PTI | New Delhi

In a bid to seize illegal cash, the Income Tax Department has issued a 17-point checklist to tax commisioners across the country to track those who deposited unaccounted cash during demonetisation. In a directive to the Principal Chief Commissioners of Income Tax and Principal Director Generals of Income Tax, the Central...

Business Corner

Sunday, 18 August 2019 | Agencies

IndianOil celebrates I-Day with patriotic fervor “It is an honour for IndianOil to serve the nation and fuelling the socio-economic development of the country.” Mr. Akshay Kumar Singh, IndianOil’s Director (Pipelines) shared this while addressing IOC family members during the 73rd Independence Day celebrations at IndianOil Nagar, Noida after hoisted the...

Sunday Edition

Game on!

18 August 2019 | Pioneer | Agenda

Krishna, the nation builder

18 August 2019 | Dr. Asha Goswami | Agenda

Happiness in digital world

18 August 2019 | Dr Awdhesh Singh | Agenda

Faith does more than heal

18 August 2019 | Ajit Kumar Bishnoi | Agenda

Astroturf | Let love play the game changer

18 August 2019 | Bharat Bhushan Padmadeo | Agenda

Art for the soul

18 August 2019 | Shalini Saksena | Sunday Pioneer