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Mutual Fund investor accounts have grown nearly six times since Dec-14

Mumbai, Aug. 29 -- An article published in latest RBI monthly update stated that the increasing interest in MFs can be gauged by the rise in the number of investor accounts, which have grown nearly si... Read More


RBI says environment conducive for holding up aggregate demand

Mumbai, Aug. 29 -- Reserve Bank of India (RBI) stated in its latest monthly update that favourable rainfall and temperature conditions bode well for the kharif agriculture season. An increase in real ... Read More


Rupee remains one of the least volatile currencies among major EMDEs in July, notes RBI

Mumbai, Aug. 29 -- The Indian rupee depreciated marginally against the US dollar in July, reflecting ongoing global trade uncertainties and FPI outflows, RBI said in its latest bulletin. Despite such ... Read More


Omaxe rallies after arm approves Rs 19 cr NCD issue to AIF

Mumbai, Aug. 29 -- The company's subsidiary will allot 1,900 senior, secured, rated, listed, redeemable, guaranteed, non-convertible debentures (NCDs) of the face value of Rs 1 lakh each, for an aggre... Read More


RBI sold foreign exchange worth $3.66 billion in June, notes August bulletin

Mumbai, Aug. 29 -- The Reserve Bank of India sold a net of $3.66 billion in the spot foreign exchange market in June, data from RBI's monthly bulletin showed. The central bank purchased $1.16 billion ... Read More


Indian economy remains resilient, consumer sentiments show improved optimism

Mumbai, Aug. 29 -- Reserve Bank of India (RBI) stated in its latest monthly update that the Indian economy remained resilient amidst global uncertainties. Timely progress of southwest monsoon has help... Read More


Overall financial conditions remain benign amid surplus liquidity

Mumbai, Aug. 29 -- Reserve Bank of India (RBI) stated in its latest monthly update that overall financial conditions remained benign during July and August (till August 21). Amidst surplus liquidity, ... Read More


Kitex Garments gains as arm starts commercial production in Telangana

Mumbai, Aug. 29 -- Kitex Garments exports cotton and organic cotton garments especially infant wear to US and European markets. The company reported a 24% drop in consolidated net profit to Rs 20.76 ... Read More


US 10-year Treasury yield around three-week low as PCE data weighs

Mumbai, Aug. 29 -- The US treasuries edged up further, keeping yields pinned near three-week low. The yield on the benchmark ten-year note, which moves opposite of its price, dropped around 3 basis po... Read More


TCS inkspact with Unilab to modernize core business systems

Mumbai, Aug. 29 -- Tata Consultancy Services (TCS) partnered with Unilab to transform its legacy ERP system into a cloud-based platform powered by SAP S/4HANA on RISE. This upgrade strengthened Unilab... Read More