Drug delay fine slashed as court attacks EU antitrust case; Lupin to pay 40mn as fine

India Infoline News Service Dec-12-2018

Les Laboratoires Serviers 331mn ($375mn) antitrust fine for paying generic drugmakers to delay cheaper versions of its hypertension treatment was cut by a third -- a ruling that could rein in the European Unions antitrust enforcement in the industry.

US inflation picks up to keep Fed hike on track

India Infoline News Service Dec-12-2018

The core consumer price index, which excludes volatile food and energy costs, rose 0.2% from the prior month and 2.2% from a year earlier, according to a Labor Department report on Wednesday.

CPI in Nov cools to 2.33% yoy; Oct IIP zooms 8.1%

India Infoline News Service Dec-12-2018

Consumer price inflation in Nov '18 rose 2.33% yoy vs. 3.31% in Oct '18. The index of industrial production, meanwhile, rose 8.1% yoy in Oct vs. 4.5% in Sep 2018.

Trade talk hopes drive European, Asian equities higher

India Infoline News Service Dec-12-2018

Global markets rallied with renewed hopes for US-China trade talks. The Stoxx Europe 600 Index increased 0.9% to the highest in a week. The pound gained as British PM May vowed to fight a challenge to her leadership.

Nifty Pharma index gains little in today's rally

India Infoline News Service Dec-12-2018

All Nifty sectoral indices closed in the green with Nifty Realty zooming 4.3%, Nifty Auto up 3.6%, while Nifty Pharma was up just 0.6%.

Bulls regain hold; Nifty ends 188 points higher

India Infoline News Service Dec-12-2018

Short covering in at-the-money call options propelled the Nifty higher.

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.

Drug delay fine slashed as court attacks EU antitrust case; Lupin to pay 40mn as fine

India Infoline News Service Dec-12-2018

Les Laboratoires Serviers 331mn ($375mn) antitrust fine for paying generic drugmakers to delay cheaper versions of its hypertension treatment was cut by a third -- a ruling that could rein in the European Unions antitrust enforcement in the industry.

US inflation picks up to keep Fed hike on track

India Infoline News Service Dec-12-2018

The core consumer price index, which excludes volatile food and energy costs, rose 0.2% from the prior month and 2.2% from a year earlier, according to a Labor Department report on Wednesday.

Trade talk hopes drive European, Asian equities higher

India Infoline News Service Dec-12-2018

Global markets rallied with renewed hopes for US-China trade talks. The Stoxx Europe 600 Index increased 0.9% to the highest in a week. The pound gained as British PM May vowed to fight a challenge to her leadership.

Huawei CFO gets bail for $7.5mn

India Infoline News Service Dec-12-2018

The court has asked her to surrender her passports, stay in Vancouver and its suburbs, and confine herself to one of her two Vancouver homes between 11 PM and 6 AM.

Asian markets trades higher on Sino-US trade hopes

India Infoline News Service Dec-12-2018

Meanwhile, investors are looking ahead to the US consumer price report later on Wednesday where an expected slowdown in headline inflation would only reinforce speculation of fewer rate hikes from the Federal Reserve

US futures, European stocks rally as bonds drop

India Infoline News Service Dec-11-2018

Contracts on the Dow Jones, S&P 500 and Nasdaq indexes all jumped, shrugging off losses in the Asian benchmark after China was said to move toward cutting tariffs on US-made cars.

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.

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.

FY19 GDP growth target maintained at 7.4%: RBI

India Infoline News Service Dec-05-2018

Increased capacity utilization in the manufacturing sector also portends well for new capacity additions, the RBI said.

Monetary Policy: Unchanged repo rates astute from all angles

India Infoline News Service Dec-05-2018

The RBI obviously needs to maintain an adequate buffer for the economy especially in light of the massive changes that are likely to come about in the next few months in form of REITs and SPVs.

RBI cuts inflation forecast to 2.7%-3.2% for H2FY19

India Infoline News Service Dec-05-2018

The projected inflation path remains unchanged after adjusting for the HRA impact of central government employees as this impact dissipates completely from December 2018 onwards, the RBI said after its Monetary Policy Committee meet concluded on Wednesday.

Fifth Bi-monthly Monetary Policy Statement, 2018-19 by Dr. Urjit Patel

India Infoline News Service Dec-05-2018

The Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5%. Consequently, the reverse repo rate under the LAF remains at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.