India's 32 mutual fund houses saw an erosion of over Rs 32,200 crore (Rs 322 billion) in their total asset under management last month, with a weak stock market robbing off some shine from their over Rs 5 trillion portfolio.
Foreign players like Citibank, Standard Chartered Bank, HSBC and ABN Amro Bank see opportunities to spread their wings in India after the ceiling on voting rights is lifted by the government.
Government may bring a new law on black money during the ongoing Parliament session.
An index value of 42 to 46 means moderate decline.
Our advice for investors -- opt for funds like HDFC Long Term Advantage and HDFC TaxSaver which have proven track records to show for, over longer timeframes.
India's top golfer intends to show his stripes at the US $5 million HSBC Champions, and there will be no better way than doing it in the presence of the world number one.
The FIPB rejected two proposals -- Nigeria's Mokeme Chiwetal Izuchukwu and Lanarth Developers Pvt Ltd.
Electing Union Bank of India chairman V Leeladhar as the new chief, the Indian Banks Association on Thursday said it has constituted a committee to draw up a long-term perspective 'Vision Plan' for the banking industry.
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
Finance minister Arun Jaitley had recently sent a delegation to Switzerland and the members had returned with some positive movement.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
Shares of most European banks are down significantly.
Investment trend by foreign investors will also be closely watched for stock movement
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
Citibank is no longer quite the king of the Indian credit card market. It has been dethroned by ICICI Bank, which now claims it has 3 million credit cards.
Two Indian women are among the world's top 50 businesswomen announced by the Wall Street Journal on Monday.
'With 1.3 billion consumers, India's market has great potential.'
Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
India's first ever inside office golf tournament is set to be launched by Allied Domecq Spirits & Wine (I) Pvt. Ltd. (ADSWI), a subsidiary of Allied Domecq PLC, the second largest spirits and wine company in the world and 9 Yards Sports & Entertainme
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
