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Trust AMC launches maiden mutual fund
New Delhi: Trust Asset Management Company on January 12 announced the launch of its maiden mutual fund. | The new fund offer (NFO), Trust MF Banking & PSU Debt Fund, is an open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. The NFO will open […]
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I-T returns: Income Tax Department says 5% more returns filed this year
New Delhi: Income tax returns filed this year have risen by about 5 percent to nearly 6 crore, the I-T Department said. Over 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10. The ITR filing deadline for individuals ended on January 10 while for […]
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IBM receives record 9,130 US patents in 2020; India second-highest contributor
New Delhi: Tech giant IBM on Tuesday said it has received 9,130 US patents in 2020 — topping the US Patent List for the 28th consecutive year — with India being the second-highest contributor. “IBM scientists and researchers received 9,130 US patents in 2020,marking 28 consecutive years of IBM patent leadership,” IBM said. IBM India […]
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D-Street movers and shakers: These stocks that moved the most on January 12
Despite opening in the red partly due to the remarks made by RBI Governor Shaktikanta Das on the stability of banks, benchmark indices staged a strong recovery and rallied for the third consecutive day to end at record highs. Sensex was up 247 points or 0.50 percent to close at 49,517 while Nifty rose 78 […]
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Domestic hospitality industry to contract by 65% in FY21: Icra
Mumbai: The domestic hospitality industry is likely to witness a decline of over 65 percent in 2020-21, according to a report. There may be a recovery in demand in the later part of financial year 2021-22 as vaccine rollouts gains traction, it said. In a report, rating agency Icra said it expects the industry to […]
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India urges WTO members to find permanent solution for public stock holding for food security
New Delhi: India on Friday urged members of the World Trade Organization (WTO) to work on finding a permanent solution to the issue of public stock holding for food security purposes. Commerce Secretary Anup Wadhawan said COVID-19 has again brought to the fore the importance of food and livelihood security. He “urged the Membership for […]
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Buying gold: Government trashes report saying KYC documents needed for purchase of gold below Rs 10 lakh
The government has trashed a media report which stated that KYC will be required for any purchase of gold and silver. The government has reiterated that jewellery purchases of above Rs 10 lakh only need to furnish KYC. New Gold Policy The government has reportedly been planning to introduce a gold policy to develop it […]
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State Bank of India announces up to 30 bps concession on home loans rates
Mumbai: State Bank of India on Friday announced interest concession of up to 30 basis points on home loans and 100 percent waiver on processing fees. The new rates are linked to CIBIL score and start from 6.80 percent for loans up to Rs 30 lakh and 6.95 percent for loans above Rs 30 lakh. […]
