Contribution of the country’s small towns to mutual funds asset base surged 46 per cent to Rs.3.5 lakh crore by June-end due to initiatives taken by markets watchdog Sebi and the sectoral regulator Amfi. Mutual funds’ assets under management (AUM) from B15 locations – small towns beyond top 15 (T15) ... Read More »
BAREILLY: Manish Gupta, 33, a software developer based out of Lucknow, has been pestered by calls from real estate+ agents. On the offer was a chance to invest black money in the business. “The offer was 60:40 on the deal. I then learnt that one lakh rupees, comprising Rs 1,000 ... Read More »
Enthused by speedy recovery of loans worth $2.5 billion by three lenders, including ICICI Bank, within days of a mega $13-billion Essar deal, banks are now looking at the resolution of stressed assets totalling about 1.50 lakh crore in the coming months. Having broadly completed the first two stages of ... Read More »
The Aurangabad High Court has issued a notice to the Maharashtra government two weeks after it raised the lower limit for certain e-tenders in the state from Rs 3 lakh to Rs 10 lakh. The state had in 2014 issued a resolution mandating that all government works worth more than ... Read More »
Around 8 lakh public sector bank staff joined a strike on Friday called by the United Forum of Banks Unions against the merger of the State Bank of India and its associated banks. The UFBU, an umbrella organisation, held talks with the Indian Banks Association on Tuesday, but their demands ... Read More »
Mobile handsets worth about Rs 10.37 lakh were allegedly stolen from the godown of an e-commerce company by its employees in Thane, police said on Wednesday. According to a police complaint lodged by Amazon, on May 22, a total of 17 mobile handsets were stolen by five contractual employees from ... Read More »
NGO Loksatta Movement, on whose petition the Bombay High Court pulled up the BCCI and cricket associations in Maharashtra and Mumbai over water wastage, has challenged the use of nearly 60 lakh litres of water to maintain pitches at three stadiums. The court on Wednesday asked the Mumbai Cricket Association ... Read More »
The annual fee for undergraduate courses at IITs has been hiked by more than double, sources in the Human Resource Development (HRD) Ministry said on Thursday. The annual fee has been hiked from Rs. 90,000 to Rs. 2 lakh. Confirming the development, a senior official at HRD Ministry said: “The ... Read More »
The annual fee for undergraduate courses at IITs has been hiked by more than double, sources in the Human Resource Development (HRD) Ministry said on Thursday. The annual fee has been hiked from Rs. 90,000 to Rs. 2 lakh. Confirming the development, a senior official at HRD Ministry said: “The ... Read More »
Stressing that the government was committed towards reforming the subsidy structure, Petroleum Minister Dharmendra Pradhan on Wednesday said that 83 lakh people had voluntarily given up their LPG subsidy so far. Answering a question about whether the government would accept the Kirit Parikh Committee’s recommendations on reducing subsidy burden, Pradhan ... Read More »
