ICICI Prudential MF announces its AOP

The Additional Offering Period (AOP) of ICICI Prudential Mutual Fund managed BHARAT 22 ETF has just been announced. This AOP is a part of the Government of India’s overall disinvestment program announced... Read more »

Zinc drops low amidst U.S- China trade tensions.

Zinc dropped to a two-week low on Monday along with other industrial metals as speculators sold as precautions against concerns about U.S.-China trade talks and global growth. China expressed anger on Monday... Read more »

UAE to invest in refining and petrochemical projects in India

Oil demand is rising in the world’s third largest energy consumer i.e India. Surprisingly, oil-rich UAE said on Monday that it is looking at investing more in refining and petrochemical projects as... Read more »

MTNL suffers a loss of Rs 2973 crores, seeks claims of Rs 500 crores from Telecom Department

In a world of mobile phones, cash-strapped MTNL are struggling. They have approached the Telecom Department seeking claims of about Rs 500 crore, under multiple heads, including rendering of communications services and... Read more »

No-deal Brexit could cost 600,000 jobs worldwide-Study

The British departure from the EU without a deal could put 600,000 jobs around the world at risk, with Germany facing the brunt of it, a study said on Monday. Researchers at... Read more »

Allianz Investment Management strategically invests in Edelweiss’ Private Debt Platform

Edelweiss has announced that Allianz Investment Management, the investment management arm of Allianz Group has made an investment of over USD 200 million into Edelweiss’ Private Debt Platform. Edelweiss one of India’s... Read more »

RBI will help recast Rs 1 trillion worth loans for MSMEs.

The Reserve Bank’s restructuring initiative for small businesses announced last month will help recast Rs 1 trillion of loans for 700,000 eligible micro, small and medium enterprises, said a top government official.... Read more »

IMF cites a major ‘storm’ to hit global economies.

Christine Lagarde, the managing director of IMF has spoke of an impending storm that may hit global economies. She said trade tensions in the form of a tariff spat between the United... Read more »

Indian equity markets get an investment boost of Rs 5,300 crores.

Foreign investors have invested a sum of Rs 5,300 crore in the Indian equity markets in the last six trading sessions, mainly on expectations of higher economic growth. This news comes after... Read more »

M&S to expand rapidly in India

British multinational retailer Marks & Spencer (M&S) has been expanding three fold in India and is opening six more stores in the next two months alone, a top company official has said.... Read more »