NTPC acquires Barauni Thermal Power Station

India Infoline News Service Dec-16-2018

The 720 MW, coal-based power station has two units of 110 MW each (under R&M) and two units of 250 MW each (under construction).

NGT orders conditional reopening of Vedanta's Sterlite copper plant

India Infoline News Service Dec-16-2018

The state government has decided to challenge this order in the Supreme Court.

Are you long on Nifty? Index forms Doji pattern amid signs of uncertainty

India Infoline News Service Dec-16-2018

Only a break above 10,900-levels in Futures would trigger a fresh rally which will then open the gates for 11,100 on the upside.

Russia unexpectedly hikes rate before risk-loaded quarter

India Infoline News Service Dec-16-2018

Russias central bank increased key interest rates for the second time this year by a quarter-point to 7.75% and signaled it may soon act again as inflation accelerates amid a tax hike and possible new US sanctions.

Delhi HC rejects Vodafones over Rs4,759cr tax refund plea

India Infoline News Service Dec-16-2018

The bench of Justices S Ravindra Bhat and Prateek Jalan declined the company of any relief, stating there was no merit in its argument and as the IT Department seeks further substantial outstanding from the company.

Investors beat May to Brexit in record retreat from UK stocks

India Infoline News Service Dec-16-2018

The nations equity funds have lost $9.8 bn in 2018, on course for the worst year of redemptions on record, according to a Bank of America Merrill Lynch note, which cited EPFR Global data.

Financial Cos Rs61,911cr CPs with mutual funds due to mature in next 15 days

India Infoline News Service Nov-15-2018

The Indian mutual fund industry had Rs4.4 lakh cr worth of Commercial Papers (CPs) as on October 30, 2018, approx. 18% of the total AUM.

Industry AUM at Rs22.24 lakh cr in October, up 0.87% MoM

India Infoline News Service Nov-15-2018

SIPs continue to show an upward trend with a contribution of Rs7,985cr in October 2018 as against Rs7,727cr in September 2018.

Equity schemes net inflows grew by 11.6% in October 2018 despite turbulent month

India Infoline News Service Nov-09-2018

The total AUM of the mutual fund industry grew by 0.9% MoM to Rs22.23 lakh cr in October 2018 against contraction of 12.5% MoM to Rs22.04 lakh cr in September 2018.

AUM of Indian MF industry contracts 12.5% in September

India Infoline News Service Oct-09-2018

The total AUM of the mutual fund industry contracted to Rs22.04 lakh cr in September (down 12.5% mom) compared to a growth of 9.3% mom to Rs25.20 lakh cr in August 2018.

What causes the price of an equity mutual fund to go up or down?

India Infoline News Service Oct-07-2018

What exactly moves the NAV of a fund? Why do equity fund NAVs tend to oscillate? Why do similar funds perform differently in the same time frame? We dig deeper to answer these questions.

Best mutual funds to start SIPs in

India Infoline News Service Oct-03-2018

September 2018 was a vicious month for investors. The Nifty 50 tanked ~6.4%, while BSE Midcap and Smallcap indices nosedived 12.5% and 16.1%, respectively, owing to concerns over rising crude oil prices and widening CAD as well as the ongoing IL&FS crisis.

Oil loses ground as US shale growth undermines OPEC+ cuts

India Infoline News Service Dec-15-2018

Oil settled below $52 a barrel in New York, more than a $1 lower than where it ended a week ago after OPEC and its allies announced output cuts, as traders weighed incremental US shale growth against softer demand for 2019.

China seeks to defuse trade war with reversals on cars, corn

India Infoline News Service Dec-15-2018

The 25% tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting January 1, the finance ministry said Friday.

US stocks stagger to lowest close since April, S&P 500, Dow Jones fall ~2%

India Infoline News Service Dec-15-2018

The S&P 500 Index tumbled 51 points on Friday, after testing February lows, erasing the weeks gains, while Dow Jones Industrial Average sank over 500 points.

US stocks slip, bonds rally as growth signs flag

India Infoline News Service Dec-14-2018

The S&P 500 Index dropped at the open, with all sectors under pressure, including a retreat in technology. The Stoxx Europe 600 Index headed for a second day in the red

Global markets: Asian, European equities fall amid gloomy data from China

India Infoline News Service Dec-14-2018

Investors remain cautious as global growth concerns come back in focus. Meanwhile, China's retail sales and industrial production figures for November came in significantly below estimates.

US futures, Europe stocks recover as euro slips

India Infoline News Service Dec-14-2018

Futures on the S&P 500 swung from a gain to a loss and then back again following the news overnight that Chinese importers resumed buying US soybeans. General Electric climbed in pre-market trading after an upgrade from JPMorgan.

ACs, televisions may get GST rate cut from 28% to 18%

India Infoline News Service Dec-07-2018

A range of goods from air conditioners to television sets will likely become cheaper with the Goods and Service Tax (GST) Council expected to slash rates on several products.

MCXCCL becomes a member of Asia-Pacific Central Securities Depository Group (ACG)

India Infoline News Service Dec-06-2018

Currently, the ACG acts as a regional alliance and its membership structure includes 34 Depositories and Clearing organizations from 24 member countries across Asia.

HR Tech has improved time and cost efficiency for administration by 65%: TeamLease

India Infoline News Service Nov-27-2018

The core HR Tech adoption is over 75% in 10 out of the 14 sectors surveyed, and sub function HR Tech adoption is 75% or more in BFSI, BPO/ITeS, Ecommerce and Telecommunication sectors, According to the TeamLease report,

NSE unveils mobile app and web platform NSE goBID

India Infoline News Service Nov-19-2018

The NSE goBID App will be available to all the registered investors with NSEs trading members and will also facilitate trading members in acquiring new retail investors.

IIFL Wealth Management partners with American Express to curate a premium offering for its clientele

India Infoline News Service Nov-16-2018

Clients of IIFL-ONE will receive the American Express Platinum Card, which offers the powerful backing of American Express through its Membership Rewards program, superior customer experience and access to a worldwide network of millions of merchants spread across 200 countries.

72% of CFOs expect availability of funds in the market to decrease or remain the same: D&B

India Infoline News Service Nov-14-2018

The Composite CFO Optimism Index declined by 17%, on a y-o-y basis, to 90.2 for Q4 2018, the lowest in 19 quarters.

Indias November trade gap narrows on lower crude bill

India Infoline News Service Dec-14-2018

November exports rose 0.8% year-on-year to $26.5bn, while imports rose 4.3% to $43.2bn. Oil imports were at $13.5bn versus $14.2bn a month ago.

India may impose anti-dumping duty on Chinese chemicals

India Infoline News Service Dec-14-2018

The chemical is Monoisopropylamine and the duty suggested was in the range of $497.68/tonne and $620/tonne.

India's WPI inflation eases to 4.64% in November

India Infoline News Service Dec-14-2018

The rate of inflation based on the WPI Food Index consisting of "Food Articles" from the primary articles group and "Food Products" from the manufactured products group decreased from -0.64% in October, 2018 to -1.96% in November, 2018.

RBI Governor's resignation highlights risks to policy priorities: Fitch Ratings

India Infoline News Service Dec-12-2018

The full implications of Urjit Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das, an experienced government bureaucrat, Fitch Ratings stated.

OPEC's supply cut, trade war, and India

India Infoline News Service Dec-11-2018

In this blog, we delve deeper into the recent global developments and how they may have a bearing on India's economy.

Repo rate unchanged at 6.50%; Reverse-repo at 6.25%

India Infoline News Service Dec-05-2018

The SLR has been cut by 25bps for the Jan-Mar 2019 quarter and will reduce further by 25bps every quarter until SLR is at 18% of NDTL.