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BUSINESS

Reliance Mutual Fund Renamed To Nippon India Mutual Fund

Udaipur : Reliance Mutual Fund today got renamed as Nippon India Mutual Fund. Nippon Life Insurancehad recently completed the purchaseof 75% stake in company tobecome the single largest shareholder in the company. This will also help Nippon India Mutual Fundto leverage on the legacy and global expertise of Nippon Life ... Read More »

OPEC crude output to average 29.6m barrels a day: EIA

Houston, Oct 9 (udaipur kiran) Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) will average 29.6 million barrels per day (b/d) in 2020, down by 2.3 million b/d from 2018, according to a report released Tuesday by the US Energy Information Administration (EIA). In its October ... Read More »

Loofre partners with SBI Yono, Rupay, Freecharge

New Delhi, Oct 8 (udaipur kiran) Online restaurant reservation platform Loofre has partnered with SBI Yono, Rupay and Freecharge to provide its users benefits through its recently launched Loofre Platinum application. Loofre, in a statement, said that the app will soon be available for users in over 100 cities in ... Read More »

IIG exhibits $8.2 bn projects in waste water sector

New Delhi, Oct 8 (udaipur kiran) With the waste water treatment sector expected to grow at a compounded annual growth rate (CAGR) of 15.3 per cent, the India Investment Grid (IIG) has showcased $8.2 billion investment opportunities in the sector. The sector is expected to grow to $6.78 billion by ... Read More »

Next MPC meet may take call on lower repo rate: RBI chief

Mumbai, Oct 8 (udaipur kiran) RBI Governor Shaktikanta Das has said till the growth is revived, the RBI will continue to remain in an accommodative mode and therefore a conclusion on what is the minimum repo rate where the central bank will take a pause cannot be concluded at this ... Read More »

Gold sales likely to decline 50% on Dhanteras

By P.K. Jha New Delhi, Oct 8 (udaipur kiran) Gold may lose its glitter this Dhanteras as a sharp rise in the prices of the yellow metal has weakened its demand in the domestic market, according to experts. “On Dhanteras, the gold sales touch around 40 tonnes every year. However, ... Read More »

RBI not looking at liquidity facility for NBFCs: Dy Guv

Mumbai, Oct 8 (udaipur kiran) Reserve Bank of India (RBI) has ruled out any special liquidity facility for Non Banking Financial Institutions (NBFCs) saying there is enough in the system to meet their needs for borrowings and it is for the lenders to take a call on lending to the ... Read More »

Vodafone Idea surges on partnering with Kia Motors

Vodafone Idea is currently trading at Rs. 5.12, up by 0.08 points or 1.59% from its previous closing of Rs. 5.04 on the BSE. The scrip opened at Rs. 5.09 and has touched a high and low of Rs. 5.52 and Rs. 5.01 respectively. So far 9685766 shares were traded ... Read More »

Volkaswagen India arms merge into Skoda Auto Volkswagen India

Mumbai, Oct 7 (udaipur kiran) The Skoda Auto-led Volkswagen Group India on Monday announced the merger of its passenger car subsidiaries — Volkswagen India Private Ltd, Volkswagen Group Sales India Private Ltd and Skoda Auto India Private Ltd — into a new entity Skoda Auto Volkswagen India Private Ltd (SAVWIPL). ... Read More »

BSE suspends Fairwealth Securities from cash equity segment

Mumbai, Oct 7 (udaipur kiran) The Bombay Stock Exchange (BSE) has suspended the trading terminals of Fairwealth Securities Ltd from the cash equity segment as the directors of the company are neither reachable or contactable and the company has also not provided data to the bourse, a stock exchange announcement ... Read More »

Titan MD Bhaskar Bhat retires, Venkataraman takes over

New Delhi, Oct 7 (udaipur kiran) Private sector Titan Company on Monday announced that its Managing Director (MD)Bhaskar Bhat has retired after 33 years of service in the company. In a regulatory filing, the company also said that C.K. Venkataraman, who was the CEO of the jewellery business since 2005, ... Read More »

First mountain trekking training for locals held in Ladakh

New Delhi, Oct 7 (udaipur kiran) The first training for youth in the Ladakh region in various aspects of mountain trekking was organised by the government-run Indian Institute of Skiing and Mountaineering (IISM), Gulmarg, in association with the Indian Institute of Travel and Tourism Management (IITTM), an autonomous body under ... Read More »