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13 August, 2018 6:39 AM Future Retail may soon join hands with a foreign investor: Report

According to the report, Future Group is reportedly in talks with Amazon. Kishore Biyani-led Future Retail may close a deal with a foreign investor in the next two months on the back of a large database created from nearly 500 million customers. “Ultimately, it is all about how formidable we all are as players get bigger and you need an alliance 46

11 August, 2018 7:22 AM IndiaTech appoints Rameesh Kailasam as Chief Executive Officer

The internet, technology and innovation policy expert will work to ensure better coordination between the association and its various stakeholders. Startup and internet firms industry body IndiaTech.org has appointed Rameesh Kailasam as its chief executive officer. Kailasam has experience and expertise in internet, technology and innovation policy space 45

9 August, 2018 4:20 PM US investor T Rowe Price approached Bombay HC over Unit Trust of India's (UTI's) IPO issue

US investor T Rowe Price has approached the Bombay High Court seeking a direction to the finance ministry and SEBI to prevent four PSUs from stalling the Unit Trust of India's bid to come up with an IPO. In its petition, T Rowe Price International Ltd, which owns 26 percent of the UTI Asset Management Company, claimed the four public sector undertakings 41

9 August, 2018 6:12 AM ICICI Bank up 8% after it issues clarification on bad loans; Morgan Stanley calls it its 'top pick in Asia financials'

Private lender ICICI Bank's share gained 8.5 percent intraday Thursday post bank clarified on the media report stating about the bad loans of the company. The bank has clarified that it has made full disclosures about its bad loans and non-performing assets (NPAs) in its annual report, investor presentations and analysts’ calls. "The bank's accounts 48

9 August, 2018 4:31 AM D-Street Buzz: Pharma, PSU Bank stocks gain; Selan Exploration hits 52-week high

The Indian benchmark indices hit record highs in opening trade on Thursday with Sensex climbed 38,000 for the first time, while Nifty50 inched towards 11,500. Nifty Bank also hit the record high in the morning trade, led by stocks like ICICI Bank gained 4 percent, Bank of Baroda up 1.3 percent, PNB up 1.7 percent and SBI up 1.5 percent. From oil and gas space 39

8 August, 2018 2:45 PM Dolly Khanna buys over 1 lakh shares in Selan Exploration worth Rs 2.54 crore

The investor purchased 1,04,250 shares at Rs 244.03, bulk deals data released by the exchanged revealed. The purchase is worth Rs 2.54 crore. Ace investor Dolly Khanna Thursday bought over 1 lakh shares in Selan Exploration amounting to over Rs 2.5 crore, according to NSE data. The investor purchased 104,250 shares at Rs 244.03, bulk deals data released 56

7 August, 2018 1:40 PM Mutual funds asset base up 5% to Rs 24 lakh crore in July

Mutual funds' asset base rose by 5 percent to Rs 23.96 lakh crore in July-end, driven by participation from retail investors and a spirited investor awareness campaign by the industry. The asset under management (AUM) of the industry, comprising 42 players, was Rs 22.86 lakh crore at the end of June, according to the data by Association of Mutual Funds 49

31 July, 2018 2:25 PM Need To Open A Recurring Deposit Account? Compare Interest Rates Paid By Financial Institutions

In a recurring deposit, a depositor usually makes small value remittances, say Rs.500 or Rs 1,000, at regular intervals. A recurring deposit or RD is an investment plan meant for long-term wealth creation in which investment is made in small instalments at fixed intervals systematically. Today, an investor can choose from a variety of terms - or maturity 48

27 July, 2018 8:33 AM Paytm's Tech to Power SoftBank's Mobile Payments Service in Japan

SoftBank has announced that it will leverage the technology of India-based digital payments company Paytm in a new mobile payments service it is launching. The new smartphone-based payment service, named PayPay, will be a joint venture between SoftBank and Yahoo Japan. It will be centred around QR codes and is planned to launch in fall 2018. PayPay will allow 58

25 July, 2018 9:00 AM Capital infusion in 5 PSBs to be credit positive, help meet regulatory requirements: Moody's

Of the Rs 11,337 crore capital infusion plan, Rs 1,790 crore is for Allahabad Bank, Rs 2,019 crore for Andhra Bank, Rs 2,555 crore for Corporation Bank, Rs 2,157 crore for Indian Overseas Bank and Rs 2,816 crore for Punjab National Bank The fund infusion in five weak public sector banks will be credit positive and strengthen their capitalisation, according 53