Tag Archives: years

Business Top 5: Equity inflow declines for third straight month; Tata Motors highest fall in 26 years

Equity inflow in the Indian mutual fund industry declined for the third straight month in January 2019 and reached its lowest level since January 2017. Income category witnessed an inflow of Rs 2,080 crore. Representative Image  |  Photo Credit: Getty Images 1). Equity inflow declined third month in a row Equity inflow in the Indian mutual fund industry declined for the ... Read More »

5 stocks find favour after years of wealth erosion. Worth a watch?

Don’t judge the book by its cover. This saying might just well apply to these five smallcap stocks that were beaten black and blue in the last five years. Lady Luck is now smiling as the scrips in question are on the way up after a massive wealth erosion. The list includes stocks such as Easun Reyrolle, Adhunik Metaliks, Flexituff ... Read More »

Stock markets post best one-month pre-Budget gain in 13 years

Indian stock markets have posted their best one-month pre-budget gain in 13 years. Benchmark indices have gained 5.6% in the month to Thursday’s Union Budget, riding the coat tails of a worldwide equities rally. Abundant liquidity and expectations that the budget will boost the rural economy and revive private investment, without compromising on fiscal prudence, have aided the run-up. The ... Read More »

India To Become $5 Trillion Economy In 8-9 years: Suresh Prabhu

Manufacturing sector contributes 20 percent to India’s economy. (Representational) NEW DELHI: Commerce and Industries Minister Suresh Prabhu today said India is expected to become a $ 5 trillion economy in the next 8-9 years with the manufacturing sector contributing 20 per cent to that. “India is going to be $5 trillion economy in 8-9 years. $1 trillion will come from ... Read More »

Apple Plans New US Campus, Says Will Spend $350 Billion Over Next 5 Years

Apple has for years faced scrutiny and criticism around the world for its tax policies (Reuters) Apple, the world’s most valuable company, said Wednesday it will spend $350 billion in development and create 20,000 jobs in the United States in the next five years, outlining for the first time how it will invest in the U.S. economy following the new ... Read More »

China’s 2017 GDP Accelerates For The First Time In Seven Years

China’s GDP grew 6.8 percent in the December quarter from a year earlier Beijing: China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt expansion. The official growth figures released on ... Read More »

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

Anil Ambani says MF industry barely out of teens; can grow 10-fold in 5 years

Anil Ambani, Chairman of Reliance Group today, said the mutual fund industry is barely out of its teens and is poised to grow 10-fold in 5 years. He urged SEBI Chairman Ajay Tyagi to simplify investment and advertisement norms for mutual funds. Ambani said investing in mutual funds must be as easy as buying smartphones on internet. Ambani was addressing ... Read More »

BSE small-cap gives 72% return, Sensex 34% in 3 years

Blue-chip index Sensex and S&P BSE LargeCap companies have shelled out a return of 34.24% and 38.56%, respectively. Photo: Hemant Mishra/ Mint Mumbai: With 72% return to investors, S&P BSE SmallCap index has outperformed the Sensex and large-cap indices in the three-year period ended 31 May. While the small-cap index of the BSE has given a return of 72.11%, S&P ... Read More »

Oil rallies to best week in years after OPEC output deal

Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC’s decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the implementation and impact of OPEC’s first ... Read More »