Rupee falls 3 paise to 83.48 against US dollar in early trade

[ad_1] The rupee depreciated 3 paise to 83.48 against the US dollar in early trade on Tuesday amid a strong American currency against major Asian rivals and an upward movement in the crude oil prices.Also read:Rupee falls 10 paise to...

MFs close in gap with bank deposit on back of strong growth, new investor addition

[ad_1] Thanks to uninterrupted bull run and renewed interest in equity investment, the quantum of assets under management of the mutual fund industry accounts for 26 per cent of the bank deposit as of March-end against 21 per cent logged...

Sebi allows AIFs to pledge shares in invested cos in infra sector

[ad_1] To facilitate ease of doing business, markets regulator Sebi on Friday allowed AIFs (alternative investment funds) to pledge their shares in investee companies in the infrastructure sector.Also read:AMFI knocks on SEBI doors to resolve KYC impasseThe regulator has also...

Green highways, advanced tolling mechanism etc. still remain to be done

[ad_1] How has the NDA government performed with respect to expansion of national highways (NH)? The government’s tenure from 2014 to 2024 witnessed expansion in infrastructure landscape, particularly the NH sector. Official data reveals addition of over 50,000 kms to...

Air India bids adieu to 747 boeing

[ad_1] Once termed as the queen of the skies, the first of the last four of Air India’s Boeing 747 flew out of Mumbai’s international airport on Monday for the final time. The pilots flying the aircraft performed a “Wing...

Air India Express cuts flights to Dubai after heavy rainfall

[ad_1] Heavy rains in Dubai have forced Air India Express to reduce its flights to the city by 50 per cent. The airline says it is following instructions from Dubai Airport Authority and is working to get back to its...

Wheat procurement drops on low arrivals in Punjab, MP

[ad_1] Wheat procurement in the country has dropped 37 per cent as arrivals in Punjab are only 13 per cent so far compared with the year-ago period. However, millers and traders in the State said that low arrivals were mainly...

Andromeda Sales to foray into mutual fund distribution

[ad_1] Andromeda Sales and Distribution, the country’s largest loan distribution firm, is foraying into mutual fund distribution through a separate wholly owned subsidiary, Andromeda Wealth, a top official said.Also read:RBI status quo, likely dampener for long-duration fund investors“The strategic intent...

Stock markets stage strong rebound after four days of slump; Sensex rallies 599 pts

[ad_1] Stock markets rebounded from early lows to close higher on Friday, snapping the four-day losing streak on heavy value buying in banking and auto shares.Also read:Sensex, Nifty open lower; IT stocks dragThe 30-share BSE Sensex climbed 599.34 points or...

Rupee rises 6 paise to close at 83.55 against US dollar

[ad_1] The rupee rebounded from its all-time low levels and appreciated 6 paise to close at 83.55 (provisional) against the US dollar on Thursday, as the American currency and brent crude oil prices retreated from their elevated levels.Also read:Rupee rises...
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