Majority of Indian Large-Cap equity mutual funds failed to beat the benchmark, with 88 per cent of actively managed funds underperforming the S&P BSE 100 in 2022, according to new study by S&P Dow Jones Indices released on Tuesday. In the same period, the benchmark for Indian Equity Mid-/Small-Cap funds -- the S&P BSE 400 [...]
A total of 2,838 complaints against companies and market intermediaries were disposed of through Sebi's SCORES platform in March. At the beginning of March, as many as 2,241 complaints were pending and 2,643 fresh complaints were received during the month, the data released by Sebi on Monday showed. The regulator also noted that as of [...]
Asserting that India meets the requirements of a fair and transparent economy, Union Finance Minister Nirmala Sitharaman has urged American businesses to invest in the country. Addressing a business roundtable organized by US India Business Council, with representatives of top US companies, the finance minister said India, under the current government, is creating opportunities for [...]
Union Minister for Transport and Highways Nitin Gadkari on Monday said the dream of having a highway from Kashmir to Kanyakumari will be realised by the beginning of the next year. "Kashmir to Kanyakumari road was a dream for us. From Rohtang to Ladakh, four tunnels will be constructed. From Leh, we will come to [...]
India's focus is going to be on skilling and digitisation so that there's greater ease of living, transparency and formalisation of the economy, Union Finance Minister Nirmala Sitharaman has said, observing that the country is reaching near saturation in providing the basic facilities to the people. Speaking at a fireside chat at the Peterson Institute [...]
India's structural reforms approach has ensured that it remains a globally attractive destination for investment and the country is well-positioned in the global economy, allowing it to grow briskly, possibly faster, in the coming years, Union Finance Minister Nirmala Sitharaman has said. India's journey from the 10th largest economy in dollar terms in 2014 to [...]
Domestic equity benchmark indices began the trade on a positive note on Tuesday helped by firm global market trends and continuous foreign fund inflows. The 30-share BSE Sensex climbed 252.39 points to 60,098.90 in early trade. The broader NSE Nifty gained 85.2 points to 17,709.25. Among the Sensex firms, Kotak Mahindra Bank, State Bank of [...]
The Income Tax Department has filed an appeal against the National Company Law Tribunal approving Suraksha Group's bid to buy Jaypee Infratech Ltd (JIL) under the insolvency resolution process. Sources said the I-T Department has filed the petition before the National Company Law Appellate Tribunal (NCLAT) against the NCLT order regarding certain claims. The department [...]
The National Stock Exchange (NSE) on Monday cautioned investors against some fraudsters running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found [...]
The Centre has allowed five private firms to undertake cluster farming of specific horticulture crops in about 50,000 hectares on a pilot basis entailing an investment of Rs 750 crore, including government subsidy -- a moved aimed at making Indian produce globally competitive and boost farmers' income. Desai Agrifoods, FIL Industries, Sahyadri Farms, Meghalaya Basin [...]
