APN News

  • Monday, December, 2018| Today's Market | Current Time: 05:16:26
  • India will remain world’s fastest growing economy with 7 to 8% growth rate: FM

    Finance Minister Arun Jaitley has said India will clock a growth rate of 7 to 8 per cent despite global uncertainties and will retain the tag of the world’s fastest growing major economy. He said the economy is now fairly large to display a certain degree of resilience. Speaking at the inauguration of the FICCI […]

    New RBI Governor holds central board meeting

    A meeting of the Central Board of Reserve Bank of India was held in Mumbai today. The meeting was chaired by the newly appointed governor, Mr Shaktikanta Das. While no decisions were made as such, the board today discussed issues like RBI’s governance framework and decided that the issue needed further examination. The board also […]

    New RBI Governor to steer first central board meet on Dec 14

    The central board of the Reserve Bank of India (RBI) under new Governor Shaktikanta Das will meet on Friday which will review the progress with respect of some of the decisions taken in the last meet on November 19. Among other issues, present scenario in Micro, Small & Medium Enterprises (MSMEs) sector may be discussed. […]

    7 Reasons Why You Should Invest in Low-Cost ULIPs

    Unit Linked Insurance Plans (ULIPs) have become an increasingly popular option amongst the new age investors. Revamped tax norms announced in the Union Budget 2018 has added to the attractiveness of ULIPs. Now investment in equities directly or through mutual funds will attract Long-Term Capital Gains (LTCG)tax at 10% on profits in excess of INR […]

    Become a Smart Investor! Know How to Manage Your ULIP

    Unit-linked Insurance Plans (ULIPs) offer life coverage as well as investment benefits. A portion of the premium is used to provide insurance coverage. The balance is invested in debt, equity, or money market instruments. The returns on ULIPs are not fixed and are related to the performance of the underlying assets. There are certain inherent […]

    IIFL Home Finance disburses over Rs. 440 crores of CLSS subsidy to 20,000 beneficiaries under PMAY

    IIFL Home Finance Ltd, India’s leading housing finance company today said that it has disbursed over Rs 440 crores to about 20,000 beneficiariesunder Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojna.CLSS is the flagship scheme of Government of India’s Pradhan Mantri Awas Yojna (PMAY) which aims housing for all by 2022. Till the […]

    Rupee weakens 44 paise to Rs. 70.90 against dollar

    Rupee at forex market today weakened 44 paise to 70 rupees and 90 paise against the dollar. In the previous session, it appreciated four paise to 70 rupees and 46 paise against the US currency.

    India likely to maintain high growth rate of 7 to 8 pc over next decade: Arun Jaitley

    Finance Minister Arun Jaitley said India, among the world’s fastest growing emerging economies, is likely to maintain the high growth rate of 7 to 8 per cent over the next decade. Mr jaitley said this during  the inaugural address through video conferencing at the ‘Conference on Insolvency and Bankruptcy Code-  at the Indian Consulate General […]

    RBI keeps all key policy rates unchanged

    The Reserve Bank of India, RBI, maintained status quo on all key policy rates in the fifth bi-monthly monetary policy review announced this afternoon. Subsequently, the repo rate remains unchanged at 6.5 percent and the reverse repo rate at 6.25 percent. Repo rate is the rate at which RBI lends to banks generally against government […]

    FPIs inflow hit 10 months high of Rs 12260 cr in November

    Overseas investors have pumped 12,260 crore rupees into the Indian capital markets last month. It was the highest inflow in 10 months due to falling crude oil prices and sharp rupee appreciation. In January this year, foreign portfolio investors, FPIs, had put in 22,240 crore rupees in the capital markets. According to the latest depository […]