Economy news

• India's equity mutual funds show first inflows after 8 months

  08-04-2021 14:54 via timesofindia.indiatimes.com
  
  India's equity mutual funds recorded inflows in March after eight months of outflows, industry data showed on Thursday, as investors took advantage of a stock market correction to place bets on equities.
  
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• China reins in Jack Ma's Ant Group with enforced revamp

  12-04-2021 17:08 via timesofindia.indiatimes.com
  
  China's Ant Group, the fintech giant whose $37 billion IPO was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company, the country's central bank said on Monday.
  
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• Vaccination should be opened up to all age groups: CII

  12-04-2021 16:39 via timesofindia.indiatimes.com
  
  Industry body CII on Monday suggested that vaccination should be opened up to all age groups and it should be made available for longer time periods at vaccination centres.
  
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• Sebi fines Yes Bank for fraudulent sale of riskier bonds

  12-04-2021 16:39 via timesofindia.indiatimes.com
  
  India's market regulator on Monday fined Yes Bank Ltd Rs 25 crore ($3.33 million), saying it had fraudulently sold certain risky bonds to mom-and-pop investors without the necessary warnings and risk assessments.
  
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• Remain watchful of evolving situation: RBI guv to banks

  12-04-2021 16:39 via timesofindia.indiatimes.com
  
  RBI governor Shaktikanta Das on Monday asked banks to remain watchful of the evolving situation and emphasised the importance of credit flow to sustain the nascent economic recovery amid rising coronavirus cases.
  
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• Alert! RTGS won’t be operational on April 18: Here’s what RBI said about NEFT

  12-04-2021 16:28 via zeenews.india.com
  
  The RBI said in a statement that Real-time gross settlement (RTGS) service will not be available from 12 am on April 18 till 2 pm on Sunday. However, RTGS members will continue to receive event updates through system broadcasts, the bank revealed. 
  
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• TCS adds highest ever employees in a quarter

  12-04-2021 16:19 via timesofindia.indiatimes.com
  
  Tata Consultancy Services Ltd reported a 14.9% rise in March-quarter profit on Monday, as India's top IT services firm benefited from an uptick in cloud services demand during the Covid-19 crisis.
  
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• Remain watchful of evolving situation, push credit flows: RBI governor to banks

  12-04-2021 16:19 via timesofindia.indiatimes.com
  
  RBI governor Shaktikanta Das on Monday asked banks to remain watchful of the evolving situation and emphasised the importance of credit flow to sustain the nascent economic recovery amid rising coronavirus cases.
  
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• Tata Consultancy Services reports 15% rise in March-quarter profit

  12-04-2021 15:59 via timesofindia.indiatimes.com
  
  Tata Consultancy Services Ltd reported a 14.9% rise in March-quarter profit on Monday, as India's top IT services firm benefited from an uptick in cloud services demand during the Covid-19 crisis.
  
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• Retail inflation accelerates to 5.52% in March

  12-04-2021 15:59 via timesofindia.indiatimes.com
  
  Retail inflation based on consumer price index (CPI) climbed to 5.52 per cent in March from 5.03 per cent in February, government data showed on Monday.
  
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• Post Office’s Smart App solves all your investing doubts at one place

  12-04-2021 15:33 via zeenews.india.com
  
  Postinfo offers eight different options under which users can opt for several services.
   
  
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• 'No meals on domestic flights under 2-hr duration'

  12-04-2021 15:08 via timesofindia.indiatimes.com
  
  The governmenton Monday directed airlines to serve or sell inflight meals only on those domestic flights that have a duration of over two hours, in wake of the sharp surge in Covid cases in India. However, there are no restrictions on inflight meals on international flights as of now.
  
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• Microsoft buying Nuance in deal worth $19.7 billion

  12-04-2021 15:08 via timesofindia.indiatimes.com
  
  Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion including debt. Microsoft will pay $56.00 per share.
  
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• Retail inflation rises to 5.52% in March from 5.03% in Feb

  12-04-2021 14:55 via zeenews.india.com
  
  The rate of price rise in the food basket accelerated to 4.94 percent in March, as against 3.87 percent in the preceding month, as per data released by the National Statistical Office (NSO).
  Inflation in the 'fuel and light' category was 4.50 percent during the month vis-a-vis 3.53 percent in February.
  
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• Will localised lockdowns affect your banking activities? Find out here

  12-04-2021 14:52 via zeenews.india.com
  
  Are banking services open during partial and total localised lockdowns? Here is the answer to the question.
  
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• Retail inflation accelerates to 5.52% in March; February industrial output shrinks 3.6%

  12-04-2021 14:47 via timesofindia.indiatimes.com
  
  Retail inflation based on consumer price index (CPI) climbed to 5.52 per cent in March from 5.03 per cent in February, government data showed on Monday.
  
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• Mutual Funds vs Fixed Deposits: Which is the best bet? Where to invest?

  12-04-2021 14:28 via zeenews.india.com
  
  Between Fixed Deposit and Mutual Funds, who outscores whom? What is the best choice before you? Here are all the answers.
  
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• India#39;s economic fallout from second virus wave may be limited: Barclays

  12-04-2021 14:10 via moneycontrol.com
  
  India racked up the world’s highest daily tally of coronavirus infections with 168,912 new cases on Monday, overtaking Brazil as the second-most affected country by the pandemic and causing a plunge in Indian stocks and the rupee.
  
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• India sees 76% growth in digital payments in last 12 months

  12-04-2021 14:06 via timesofindia.indiatimes.com
  
  Online transactions in the first quarter of this year saw a growth of 76 per cent in the first quarter of 2010 as compared to 2020, as tier 2 and 3 cities and towns continued to contribute over 50 per cent of all online transactions, a new report said on Monday.
  
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• Gold Price Today, 12 April 2021: Gold and silver prices decline, check prices in your city

  12-04-2021 13:45 via zeenews.india.com
  
  Gold prices eased on Monday as U.S. Treasury yields remained elevated, denting the appeal of bullion, while investors waited for this week`s key U.S. inflation and retail sales data. Spot gold was 0.1% lower at $1,740.90 per ounce by 0950 GMT.
  
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• Govt bans on-board meals on flights with duration of less than 2 hours

  12-04-2021 13:39 via zeenews.india.com
  
  The ban will come into effect from Thursday, the ministry said in its order. When scheduled domestic flights were resumed on May 25 after coronavirus lockdown last year, the ministry had allowed the airlines to serve in-flight meals under certain conditions.
  
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• 'No meals on domestic flights below 2-hr duration'

  12-04-2021 13:38 via timesofindia.indiatimes.com
  
  The governmenton Monday directed airlines to serve or sell inflight meals only on those domestic flights that have a duration of over two hours, in wake of the sharp surge in Covid cases in India. However, there are no restrictions on inflight meals on international flights as of now.
  
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• RTGS service won't be available for 14 hours: RBI

  12-04-2021 13:02 via timesofindia.indiatimes.com
  
  The Reserve Bank of India (RBI) on Monday said that RTGS (real-time gross settlement) money transfer service will not be available for 14 hours on Sunday (April 18) due to "technical upgrade". "A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021," the central bank stated in a notification.
  
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• Sensex nosedives 1,708 points amid massive selloff; Nifty plunges below 14,350

  12-04-2021 12:56 via zeenews.india.com
  
  IndusInd Bank was the top loser in the Sensex pack, tanking over 8 per cent, followed by Bajaj Finance, SBI, ONGC, Titan, M&M, Bajaj Finserv, ICICI Bank and Axis Bank. Dr Reddy's was the sole gainer, climbing over 4 per cent.
  
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• Sensex plunges 1,708 points amid speculations of lockdown

  12-04-2021 12:45 via timesofindia.indiatimes.com
  
  Sensex plunges 1,708 points amid speculations of lockdown
  
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• Public Provident Fund: Rs 1000 invested per month in PPF turns into Rs 26 lakh, here is the calculation

  12-04-2021 12:32 via zeenews.india.com
  
  First of all, it is advisable that you start investing in PPF at a very young age. Suppose you start investing at the age of 20, you can run it till you attain 60 years.
  
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• Sensex dives 1,708 points; Nifty ends at 14,311

  12-04-2021 12:26 via timesofindia.indiatimes.com
  
  Equity indices plunged on Monday with the benchmark BSE sensex falling more than 1,700 points amid heavy sell-off across sectors as Covid-19 cases continued to surge in the country.
  
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• WeWork India raises Rs 200 crore to grow business

  12-04-2021 11:27 via timesofindia.indiatimes.com
  
  Co-working major WeWork India on Monday said it has raised Rs 200 crore from investors as equity and debt to grow its business and become profitable this year.
  
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• Sensex plunges 1,700 points amid rising Covid cases

  12-04-2021 10:59 via timesofindia.indiatimes.com
  
  Equity indices plunged on Monday with the benchmark BSE sensex falling over 1,700 points amid heavy sell-off across sectors as Covid-19 cases continued to surge in the country.
  
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• Record Alibaba fine shows China’s big tech can’t fight back

  12-04-2021 10:59 via timesofindia.indiatimes.com
  
  It’s a sign of how odd China’s crackdown on the power of big tech has been compared with the rest of the world. Mark Zuckerberg and Tim Cook would likely not express such public gratitude if the US government were to hit Facebook Inc or Apple Inc with record antitrust fines.
  
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