by PTI News | Apr 11, 2022 | 8:48 pm | News
New Delhi, Apr 11 (PTI) BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday. The platform has surpassed its previous best single-day record of 26.65 lakh transactions registered on January 10, the exchange said in a statement. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF, [...]
by PTI News | Apr 11, 2022 | 8:48 pm | News
New Delhi, Apr 11 (PTI) BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday. The platform has surpassed its previous best single-day record of 26.65 lakh transactions registered on January 10, the exchange said in a statement. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF, [...]
by PTI News | Apr 11, 2022 | 8:48 pm | News
New Delhi, Apr 11 (PTI) Asserting that it follows a uniform and non-discriminatory procurement policy, the Centre on Monday said the Telangana government was told much in advance that the Food Corporation of India cannot procure surplus parboiled rice due to sufficient stocks coupled with limited PDS demand for the grain. Union Food Secretary Sudhanshu [...]
by PTI News | Apr 11, 2022 | 8:33 pm | News
Mumbai, Apr 11 (PTI) India Inc's direct overseas investment increased 8.5 per cent year-on-year to USD 3.34 billion in March 2022, data from the Reserve Bank of India (RBI) showed on Monday.The Indian companies had invested USD 3.1 billion in their overseas fully-owned subsidiaries (WOSs) and joint-ventures (JVs) in the same month a year ago.In [...]
by PTI News | Apr 11, 2022 | 8:28 pm | Economy, News
Colombo, Apr 11 (PTI) Sri Lankan Prime Minister Mahinda Rajapaksa on Monday assured the people suffering from the unprecedented economic difficulties that his government is working round-the-clock to address their woes and appealed to protesters to end their agitation and have patience, saying every minute spent on streets deprives the cash-strapped country of precious dollars. [...]
by PTI News | Apr 11, 2022 | 8:25 pm | Economy, News
New Delhi, April 11 (PTI) JSW Steel on Monday said its subsidiary has received the environmental clearance to set up a Rs 65,000-crore steel plant in Odisha. The company will set up the plant at Paradip in Odisha, where the South Korean steel giant Posco was keen to set up a Rs 52,000-crore steel plant. [...]
by PTI News | Apr 11, 2022 | 8:18 pm | Economy, News
New Delhi, Apr 11 (PTI) HDFC Ltd chairman Deepak Parekh on Monday called on Finance Minister Nirmala Sitharaman amid the proposal of a merger of the mortgage firm with its banking subsidiary HDFC Bank."Shri Deepak S Parekh, Non-executive Chairman -@HomeLoansByHDFC, along with Shri Atanu Chakraborty - Chairman @HDFC_Bank, call on Smt @nsitharaman," the office of [...]
by PTI News | Apr 11, 2022 | 8:09 pm | News
New Delhi, Apr 11 (PTI) Capital markets regulator Sebi on Monday imposed a penalty totalling Rs 40 lakh on 13 entities for indulging in fraudulent trading in the shares of Rajlaxmi Industries Ltd.The order comes after Sebi conducted a probe in the matter from January 2013 to September 2014 to ascertain the irregularities in the [...]
by PTI News | Apr 11, 2022 | 8:05 pm | News
New Delhi, Apr 11 (PTI) MyShubhLife, a full stack financial services platform, on Monday said it has secured a Rs 100 crore funding from Tokyo-based Gojo & Company, which will help the company grow its lending business. MyShubhLife has closed a funding of Rs 100 crore from Gojo & Company, Inc. (Gojo), a global investment [...]
by PTI News | Apr 11, 2022 | 7:56 pm | News
New Delhi, Apr 11 (PTI) State-owned SJVN has inked a memorandum of understanding with engineering firm BHEL and REMC Limited to develop renewable energy projects. SJVN CMD Nand Lal Sharma in a statement on Monday said that the company has entered into a landmark agreement with REMC Limited and BHEL for the development of renewable [...]
by PTI News | Apr 11, 2022 | 7:47 pm | News
Colombo, Apr 11 (PTI) Sri Lankan Prime Minister Mahinda Rajapaksa on Monday assured the people suffering from the unprecedented economic difficulties that his government is working round-the-clock to address their woes and appealed to protesters to end their agitation, saying every minute spent on streets deprives the cash-strapped country of precious dollars. Amidst a growing [...]
by PTI News | Apr 11, 2022 | 7:40 pm | News
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
by PTI News | Apr 11, 2022 | 7:40 pm | Economy, News
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
by PTI News | Apr 11, 2022 | 7:40 pm | News
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
by PTI News | Apr 11, 2022 | 7:40 pm | News
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
by PTI News | Apr 11, 2022 | 7:40 pm | Economy, News
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
by PTI News | Apr 11, 2022 | 7:40 pm | News
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
by PTI News | Apr 11, 2022 | 7:40 pm | News
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
by PTI News | Apr 11, 2022 | 7:40 pm | Economy, News
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
by PTI News | Apr 11, 2022 | 7:40 pm | News
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
