Gold ETFs catch investors’ eye in Sept’
Gold exchange-traded funds garnered Rs 44 crore in September, making it the second straight month of inflows, as trade conflicts, signs of a global slowdown and decline in equities made investors bet big on the safe-heaven asset. This comes on the back of a net infusion of Rs 145 crore in...
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Gold prices unchanged;silver marginally down
11 October 2019 | PTI -
Sensex plunges 297 pts
11 October 2019 | PTI -
PMC Bank: Sitharaman faces protesters; promises legislation
10 October 2019 | PTI -
Moody's cuts India GDP growth forecast to 5.8% for FY'20
10 October 2019 | PTI -
Airtel shares rally after co raises USD 750 mn
10 October 2019 | PTI -
Sensex snaps 6-day fall
10 October 2019 | PTI -
Jio to charge 6 paise/min for calls to other networks
10 October 2019 | PTI
Business Corner
PK GUPTA IS NEW CMD OF NBCC PK Gupta takes over as the Chairman & Managing Director of NBCC (India) Ltd., a Navratna CPSE, on October 7, 2019. An order no. O-17034/31/2019-PS dtd October 7, 2019, to this effect has been issued by the administrative Ministry of Housing & amp; Urban...
Don’t terrorise us on tax, Rafale engine manufacturer tells Rajnath
India should provide an attractive business environment and not “terrorise us” with its tax and customs rules, the CEO of the French engine manufacturer behind the Rafale fighter jet told Defence Minister Rajnath Singh on Wednesday while announcing that the company plans to invest nearly USD 150 million in the...
Jio levy aimed at forcing IUC to be lowered, says Airtel
Telecom operator Bharti Airtel on Wednesday alleged that Jio’s decision to levy 6 paise per minute on voice calls to rival phone networks is geared to “force IUC to be brought down”, and said ongoing review of call connect charges or IUC is consistent with TRAI’s previously-stated intent. The comments by...
Open to further tax rationalisation for ‘Make in India’: Defence Minister
Defence Minister Rajnath Singh on Wednesday said India has taken a host of measures to attract investments in the defence manufacturing sector and is open to any further tax rationalisation that may be required to encourage the “Make in India” initiative in the sector. Addressing a delegation of CEOs representing some...
Bharti Airtel raises $750 m from overseas investors
Telecom operator Bharti Airtel on Wednesday said it has raised $750 million (about Rs 5,330 crore) from investors based in Asia, Europe and the US through a hybrid financial instrument. Bharti Airtel said in a statement that “its wholly-owned subsidiary Network i2i Limited, has priced ... Offering of $750 million 5.650...
India’s rank slips 10 places to 68th
India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the US as the world’s most competitive economy. India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World...
China vows to make Gwadar more valuable than Karachi by creating 47,000 jobs in 7 years
The Chinese operators of Pakistan’s strategic Gwadar Port and its free zone in the restive Balochistan province have vowed to make the coastal city the single largest contributor to the country’s national economic output in seven years by creating 47,000 jobs with new investments worth billions of dollars, according to...
