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  • The pointlessness of investing in gold, and why any other product is a better choice
    on January 16, 2018 at 10:55 am

    By DHIRENDRA KUMARA recent newspaper report says higher crop prices have led to higher gold sales in rural India. Quoting people from the retail jewellery industry, it says gold sales in December 2017 were 15% higher than in the previous month. Of course, this can hardly be considered data because it does not provide comparisons with figures from matching periods in previous years. Even so, it may well be true. In any case the fact remains that gold is a major form of saving in rural and small […]

  • Khandwala Group forays into retail home finance segment
    on January 16, 2018 at 10:49 am

    AHMEDABAD: KIFS (Khandwala Group) has entered into retail home finance segment and help people in realizing dream of 'Home of their Own'. The company expects to provide retail home finance services in more than 1,000 cities and towns with more than 100 branches and take its portfolio to Rs 2,000 crore by 2019-20, it said in a statement.KIFS is providing retail home finance services in 40 districts and 300 taluka places in four states - Gujarat, Rajasthan, Maharashtra and Madhya Pradesh - with […]

  • Assocham seeks 10 per cent import duty on chemical pulp
    on January 16, 2018 at 10:48 am

    Industry body Assocham today urged the Centre to impose 10 per cent customs duty on import of hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) to encourage domestic pulp production.According to a statement by the body, the move will help create jobs and promote overall economic development of the country's vast rural hinterland housing pulpwood plantations."These measures would help energise creation of sustainable sources of fibre required by the Indian pulp and paper […]

  • Modi should thank India's chronic indigestion for factory growth
    on January 16, 2018 at 10:28 am

    A few days ago, data issued by the Central Statistics Office showed that India's November factory output expanded at its fastest in just over two years, ostensibly driven by robust growth in manufacturing. The index of industrial production (IIP) rose 8.4% from a year ago.What drove this spike in factory output?Digestive enzymes, antacids, and proton pump inhibitors (PPIs), which are used to cure acidity, heartburn and indigestion.Digestive enzymes and antacids topped the list of dominant item […]

  • TCS signs $690 million deal with Prudential Plc's unit
    on January 16, 2018 at 9:31 am

    MUMBAI: Tata Consultancy Services (TCS), India's largest IT services company, signed for $690 million deal with M&G Prudential, the UK and European savings and investments business unit of Prudential Plc, to digitally transform their business and deliver enhanced service for its UK savings and retirement customers.This agreement is over 10 years and covers the support of over 4 million customer policies.The administration of over 4 million life and pensions contracts will move from […]

  • Best largecap mutual funds to invest in 2018
    on January 16, 2018 at 8:22 am

    Everybody wants to invest in mutual fund these days. And most mutual fund advisors are recommending large cap mutual fund schemes to such investors.Largecap schemes, as the name suggest, invest in stocks of large companies or stocks with large market capitalisations. These large companies may be leaders in their domain and they are relatively less volatile than smaller companies. That makes them ideal for investors who wants to create wealth without taking extra risk or exposing their corpus to […]

  • Aadhaar is really not safe: UIDAI may have just confirmed India's worst fears
    on January 16, 2018 at 7:34 am

    PUNE: The Unique Identification Authority of India (UIDAI)'s move to introduce features such as face authentication and virtual ID to strengthen security of Aadhaar data is being seen by experts as an "admission" that the current features are not secure.With the Supreme Court slated to hear Aadhaar petitions on January 17, experts have voiced concern that UIDAI's knee-jerk reaction was a last-minute attempt to cover up lack of security of humungous data stored in one place.E-governance expert […]

  • 4 turnaround investing themes to generate alpha: S Krishna Kr
    on January 16, 2018 at 5:32 am

    Commodities companies like steel, infra companies, PSU and corporate banks and cyclicals are the four sectors where turnaround investing can yield result, says S Krishna Kumar, Head Equity - Equity, Sundaram Mutual, in an interview with ET Now. Earnings are getting far stronger, making up for the weakness in the macros, says Kumar. Edited excerpts: We are up about 7% from the recent low. Is it all about global cues because frankly between 1st of December and 15th of January, fundamentally […]

  • GDP growth & jobs go hand in hand? Maybe, but not in India
    on January 16, 2018 at 5:11 am

    NEW DELHI: If you think that an economy growing at a healthy 7 per cent or above generates better job opportunities, you may well have to do a rethink as India offers an interesting example to the contrary.The bottomline is productivity rather than labour employment drives emerging markets like ours. Indian economy will need 1.02 crore jobs per annum until 2030, but could end up creating only 91 lakh jobs, says Motilal Oswal Securities in a note. This, even as the economy may keep growing at a […]

  • Hiring talent a challenge for companies in 2018: Survey
    on January 15, 2018 at 6:03 pm

    BENGALURU: Talent acquisition is likely to be challenging for recruiters in India in 2018, according to nearly eight in 10 human resources heads and business leaders surveyed by talent assessment and skill measurement company Mettl.In a report, which took into account the challenges ahead for recruiters in a rapidly changing digital, economic, demographic and social landscape, Mettl said that the pace of technological changes will continue to create demand for new skill sets and job roles, and […]

  • Ex-ISRO chief gets bail in Rs 578-cr illegal gains case
    on December 23, 2017 at 7:03 am

    Former ISRO chairperson G Madhavan Nair was today granted bail by a Delhi court in the sensational Antrix-Devas deal case in which a loss of Rs 578 crore was caused to the exchequer.Special Judge Santosh Snehi Mann granted the relief to Nair on a personal bond of Rs 50,000 and two sureties of the same amount.During the proceedings, the CBI informed the court that two accused could not be served summons as they had settled in the US, and the process was still on to execute the summons to […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]

  • RK Nagar by-poll: High Court dismisses plea to disqualify key candidates
    on December 14, 2017 at 10:22 am

    The Madras High Court today dismissed as not maintainable a plea for disqualifying candidates of AIADMK and DMK and Independent TTV Dhinakaran in the RK Nagar Assembly by-poll for their alleged electoral malpractices during the earlier cancelled by-election. A bench comprising justices TS Sivagnanam and K Ravichandrabaabu dismissed the plea by BSP candidate for the by-poll AC Sathyamurthy. He sought disqualification of the three candidates on the grounds of their alleged involvement in […]

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