Hela

Hela April 14, 2019

The Income Tax department recently carried out raids at over 50 locations in Delhi and Madhya Pradesh. BHOPAL:  The Madhya Pradesh Lokayukta has refused to share details on search operations conducted by the Income Tax department against corrupt public servants of the state government citing an exemption clause under the RTI Act. RTI activist Ajay […]

Hela April 13, 2019

BENGALURU | MUMBAI: Flipkart co-founder Sachin Bansal is betting big on the domestic financial services sector as he looks to acquire a majority stake in a Bengaluru-based microfinance firm, two people familiar with the matter said. A successful transaction could also result in Bansal taking the top job at the firm, marking his return to an executive position, the sources said. […]

Hela April 12, 2019

The wall of worry surrounding Asia’s double-digit stock market growth this year just got another impetus: equity ETFs inflows have dwindled. Despite a 9 percent increase to $502 billion in assets under management for Asia equity exchange-traded funds so far this year, net inflows have been tapering off, according to data compiled by Citigroup Inc. On top […]

Hela April 10, 2019

After consolidating early in the day, the market managed to gain momentum in the last hour of trade and ended near the day’s high on April 9 with all sectoral indices closing in the green. The BSE Sensex gained 238.69 points at 38,939.22 while the Nifty 50 rose 67.50 points to 11,672, forming a bullish […]

Hela April 7, 2019

David Malpass, a top US Treasury official in Trump administration, was unanimously selected as the new president of the World Bank on Friday. The World Bank’s 25-member executive board unanimously approved 63-year-old Malpass, who is currently Under Secretary of Treasury for International Affairs, as the development lender’s 13th President for a five-year term beginning April […]

Hela April 3, 2019

Few financial products can match the flexibility and versatility of a personal loan. However, the emergence of secured gold loans bodes well for the loan scape, considering these entail quick disbursal and easy documentation. That being said, both these loans have their own share of pros and cons, something that makes a detailed analysis all […]

Hela April 1, 2019

In the last decade or so, there have been umpteen discussions in India about double digit GDP growth and the country joining the league of economic superpowers. However, the persistent question for socio-economic thinkers remains- is the growth benefitting everyone in the society? Our economy is growing but are we progressing as a society? As […]