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It is learnt that the fund house will buy stocks worth Rs3,000 crore from the market as it is going to retain subscriptions worth Rs 13,000 crore.

Business

Bharat-22 receives applications worth nearly Rs 50,000 crore

In one day alone, the additional offering on Bharat 22 ETF attracted about 1.25 lakh applications.

16 Feb 2019 1:06 AM IST

The capex as a percentage of GDP has now come down to 27 per cent from a peak of 33 per cent in 2013, as companies faced a sharp drop in utilisation of existing capacities. (Representational Image)

Business

Capex takes a beating in Q3

Experts have a low level of conviction about private capex recovery.

16 Feb 2019 12:59 AM IST

$\The GST officials at the local office level, be it from the state or the Centre are incompetent to guide the traders causing disruptions despite being a good tax system,\, said Chatterjee. (Photo: DC)$ Business

Centre garners Rs 12,000 crore GST from Bengal till Dec

GST is a great step but was introduced without training of officials: tax expert T B Chatterjee.

15 Feb 2019 9:51 PM IST

Snapdeal is not a company, which has received licence under the Drugs and Cosmetics Act to sell drugs online; neither does the seller have a licence.

Business

India Inc raises Rs 4.57 lakh cr via debt pvt placement in Apr-Jan...

Firms raked in Rs 4,56,962 crore during the April-January period of 2018-19 via private placement of corporate bonds.

15 Feb 2019 3:50 PM IST

Intervention amounting to vetting of data had led to problems in the release last year of back-series data on GDP growth too.

Business

Growth likely to reach 7.5 per cent next fiscal: Chief Economic...

The Reserve Bank of India, in its latest monetary policy review projected an economic growth rate of 7.4 per cent for...

15 Feb 2019 2:34 PM IST

The police apprehended people of various parties who had given tokens to the public to later distribute money by collecting them. (Representational Images)

Business

Govt gets Rs 10,000 cr from additional offering of Bharat-22 ETF

The issue was over-subscribed 10 times and received bids for Rs 4,00,000 crore till 7pm.

15 Feb 2019 2:16 PM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business