An index value of 42 to 46 means moderate decline.
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.
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
Government may bring a new law on black money during the ongoing Parliament session.
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.
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.
A tied ninth place finish at the high-profile HSBC Open in Shanghai lifted Jyoti Randhawa\n14 places and saw him join compatriot Jeev Milkha Singh in the top-100 of the world golf rankings on Monday.
Korea's Yang Young-Eun (69) cruised to a brilliant two-shot win in the HSBC Champions.
All four Indian golfers moved inside the top-20 at the Champions golf tournament in Shanghai.\n
Gaurav Nandrajog and Mandy Kennedy of England scored contrasting victories to win the men's and women's titles respectively in the HSBC-Bombay Gymkhana Maharashtra State Open Squash Championships.
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.
Services sector slowed down in May on weak economic factors.
It is not clear whether the drop in offers is a fallout of demonetisation.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
There are still bumps in the road ahead for Swiss banks.
Indo-UK business ties are becoming a two-way affair with Indian companies contributing to the growth of the British industry
Retail investors should continue to invest in accrual schemes like cash and floating rate funds.
Finance Minister Arun Jaitley on Monday said the NDA government has done more work to fish out black money than any other previous government in a short span of two years and all efforts are afoot to book those who have not taken advantage of the disclosure scheme.
A Malaysian bank officer and her husband have been arrested and a hunt is on for a Pakistani man for allegedly stealing over USD 30,000 from the accounts of 4 passengers aboard the missing airliner MH370.
India funds have seen almost $1 billion of outflows in the last three weeks, says Brad Durham, MD, EPFR.
Street may be ignoring TCS headwinds as the stock's peak valuation doesn't seem justified by BFSI weakness, likely higher US tax rates and stronger rupee, reports Ram Prasad Sahu.
SAS, global leaders in business intelligence solutions, on Friday announced setting up of its largest research and development centre in Pune, as it expects the Indian market to grow by 27 per cent and generate $87.4 billion worth business by 2009.
Governor Raghuram Rajan's move to cut the MSF rate, at which banks borrow if they exceed their repo borrowing limits, by 0.50 per cent to 9 per cent should not be construed as a reversal in his policy stance and is more of a normalising measure, Citi said in a note.
