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Amtek Auto jumps 54% as promoters infuse funds

Last Updated: Friday, September 11, 2015, 18:08

Shares of Amtek Auto shot up nearly 54 percent Friday as promoters infused Rs 75 crore in the company amid regulator Sebi probing alleged rigging of stock of its subsidiary.

India Inc raises Rs 17,000 crore via QIPs in Jan-July

Last Updated: Monday, September 7, 2015, 15:28

This comes on top of Rs 31,684 crore that was raised by various listed firms by issuance of shares to institutional investors in the entire 2014.

Investors may pay less for MF products, Amfi plans to cut costs

Last Updated: Sunday, September 6, 2015, 13:07

Besides, it is planning to do away from the current practice of disclosing overall Assets Under Management (AUM) by fund houses and restrict it to only retail AUM.

Investment products should have no upfront commissions: Panel

Last Updated: Thursday, September 3, 2015, 22:58

A government appointed panel has suggested complete phase out of upfront commissions on investment products like insurance, mutual funds and pensions.

CBDT asks officials not to pursue pending MAT cases

Last Updated: Thursday, September 3, 2015, 12:43

Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the CBDT on Thursday issued a circular asking its fields officers to keep in abeyance pending assessments and not to recover any outstanding demand.

Outflow from developing nations a matter of concern: Sinha

Last Updated: Wednesday, September 2, 2015, 22:02

Expressing concerns over the outflow of funds from developing countries, including India, through money laundering and other ways, Minister of State for Finance Jayant Sinha Wednesday said as much as USD 300-600 billion moves out through such channels.

MFs buy shares worth Rs 10,533 cr in Aug, but FPIs hit exits

Last Updated: Wednesday, September 2, 2015, 16:08

Mutual fund managers continued their shopping spree in August purchasing shares worth a staggering Rs 10,533 crore even though overseas investors pulled out a record money from the stock market.

Black money: Now, rich Godmen under SIT scanner

Last Updated: Thursday, August 27, 2015, 11:26

The SIT on black money will closely monitor the source of wealth and its utilization by the Indian Godmen.

Ponzi schemes: Sebi says acted against 250 firms already

Last Updated: Friday, August 21, 2015, 16:13

Talking tough on illegal money- pooling schemes, regulator Sebi today said it has passed orders against 250 companies engaged in such activities and has also managed to recover Rs 26 crore from them so far.

Payments banks may ring in better days for insurers, MFs

Last Updated: Thursday, August 20, 2015, 23:41

Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.

Eurozone approves first tranche of Greek bailout funds

Last Updated: Wednesday, August 19, 2015, 23:52

Eurozone finance ministers on Wednesday formally approved the first tranche of a new 86 billion euro ($95-billion) bailout for Greece after parliaments in member states backed the move.

EPFO may fix interest rate on PF deposits for FY16 early Sept

Last Updated: Wednesday, August 19, 2015, 22:51

Retirement fund body EPFO is likely to take a decision early next month on interest rate on PF deposits of its over six crore subscribers for 2015-16.