FPIs pull out Rs 8,319 cr in Aug amid persisting negative sentiment
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...
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Govt to clarify on applicability of FDI policy on digital media: Sources’
19 August 2019 | PTI -
Expedite claim settlements in flood affected areas, FinMin asks insurers
19 August 2019 | PTI -
India’s holding of US Govt securities jumps to $162.7 bn
19 August 2019 | PTI -
PSU banks complete first round of ideation exercise
19 August 2019 | PTI -
Credit demand subdued, economy needs stimulus: SBI
18 August 2019 | PTI -
FPIs pull out Rs 8,319 cr in Aug amid persisting negative sentiment
18 August 2019 | PTI -
Gadkari promises ‘concrete decision’ for timely payments to MSME
18 August 2019 | PTI
Market borrowings touch 57% of Budget Estimates in June
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
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
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
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
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
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
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...
