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20 December, 2018 4:59 AM India becoming world's fastest growing economy, Rajya Sabha informed

This is borne by GDP growth of 7.6 percent in the first half of 2018-19. New Delhi: Indian economy is projected to be the fastest growing major economy in 2018-19 and 2019-20 as per International Monetary Fund October 2018 database. The figure was stated by Minister of State for Finance Pon Radhakrishnan in a written reply to a question raised in Rajya 106

19 December, 2018 3:58 PM ICICI Pru MF aims to raise up to Rs 2000 cr from India Opportunities fund

ICICI Prudential Mutual Fund hopes to raise Rs 1,200-2,000 crore from its India Opportunities Fund, an official said Wednesday. "We hope to raise Rs 1,200-2,000 crore in the NFO (new fund offering) and the fund will try to tap special situations like temporary crisis, chnage in econonmic scenario, regulatory changes and global uncertainties," ICICI Pru MF head, product 117

18 December, 2018 4:04 PM Piramal board to meet this week to consider fund raising

The NCD issue size is of Rs 1,000 crore with an option to retain over subscription of another Rs 1,000 crore, the company said. Piramal Enterprises said its board will meet later this week to consider raising of up to Rs 2,000 crore via issue of securities. A meeting of the administrative committee of the company's board will be held on December 21, to consider 89

17 December, 2018 4:15 PM Infibeam partners Suvidhaa Infoserve

BSE-listed Infibeam Avenues on Monday said it has forged an alliance with Suvidhaa Infoserve for last-mile delivery of financial products and services. Both companies are planning to develop an omni-channel marketplace, whereby will be connected to Suvidhaa's vast network of 91,000 outlets under 4,500 pin codes, a statement said. Suvidhaa 151

17 December, 2018 1:49 PM Rajkot girl robs own house of lakhs to fund boyfriend's pilot training course

Ahmedabad: A girl in Rajkot robbed her won house to fund her boyfriend's pilot training course. The duo was studying chartered Accountancy and had met at a coaching class. The girl Priyanka, 20, stole Rs 21 lakh cash along with jewellery for her boyfriend Het, 20, who wanted to become a commercial pilot. The course fee was nearly Rs 20 lakh. Priyanka 88

17 December, 2018 4:58 AM India Post Launches E-Commerce Portal Hosting Products From Rural Artisans, PSUs

Communications Minister Manoj Sinha on Friday launched the e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products. "The primary objective is to provide a medium to sell products for small artisans. However, anyone who wants to sell their product can sell on the site. We have not set any limitation 88

14 December, 2018 12:05 AM Assam Gets $60 Million Loan To Reduce Floods

The loan aims to continue financing riverbank protection works, renovation of flood embankments and community-based flood risk management activities. India and Asian Development Bank (ADB) on Thursday signed a $60 million loan agreement to reduce floods and the riverbank erosion in Assam, the Finance Ministry said. "The Tranche 2 loan is part of the $120 million 119

13 December, 2018 6:29 AM Mutual funds bet big on these 30 stocks in November; do you own any?

The Indian equity market rose about 5 percent in November but what was more heartening to see was inflows into mutual funds. Investors pumped Rs 1.4 lakh crore into various mutual fund schemes in the month. With the latest inflow, the total infusion in mutual fund (MF) schemes reached about Rs 2.23 lakh crore year-to-date, latest data with the Association 333

13 December, 2018 2:05 AM Stocks in the news: Jubilant Foodworks, Pricol, Bank of Baroda, Ashoka Buildcon, Strides Pharma, Lupin

Jubilant Foodworks | Pricol | Bank of Baroda | Ashoka Buildcon and Music Broadcast are stocks which are in the news today. Jubilant Foodworks: Company has been allotted 51 lakh ordinary equity shares at a par value of BDT 10 (Bangladesh Taka Ten) each, in Jubilant Golden Harvest Limited (JV company). Subsequent to the allotment, company has become 51 percent 124

12 December, 2018 9:00 AM Sushma group buys land from Shipra group for Rs 250 cr

Punjab-based realty firm Sushma group has bought a 60-acre land at Zirakpur from NCR-based developer Shipra group for about Rs 250 crore to develop housing and commercial projects, a top company official said on Wednesday. Sushma group has raised Rs 110 crore from IIFL to partly fund the land acquisition, its Executive Director Prateek Mittal said. "Shipra 102