Shares of steel pipe makers outperform markets by over seven times

Mumbai: The share prices of steel pipe manufacturing companies in India have been increasing at a higher pace compared to the benchmark indices Sensex and Nifty, owing to increased...

Cabinet liberalises norms, sovereign gold bonds to soon be available on tap

Mumbai: The Union Cabinet, Government of India, has increased the holding limits of sovereign gold bonds (SGBs) and will make the bonds available on tap, to increase liquidity in t...

FreeCharge sold to Axis Bank for ~400 cr

New Delhi: Indian private lender Axis Bank is expected to acquire the mobile wallet app Freecharge in a deal worth Rs 350-400 crore (US$ 54.3-62.1 million).

Sebi expands position limits for agri-commodity futures

Mumbai: The Securities and Exchange Board of India (SEBI), has expanded the position limits for agri-commodity futures across all the spectrums at the client, member and exchange l...

MUDRA loan to small traders: Rs. 137449 crore sanctioned in FY 2015-16; Rs. 180528 crore sanctioned in FY 2016-17

New Delhi: Indian financial institutions sanctioned loans worth Rs 137,449 crore (US$ 21.3 billion) and Rs 180,528 crore (US$ 28 billion) to small and micro enterprises in FY16 and...

IIFL AMC raises US$ 216 million for second IPO-focused fund

Mumbai: IIFL Asset Management Co Ltd has raised US$ 216 million for its new fund called IIFL Special Opportunities Fund- Series 2 as Indian financial markets see increased investor...

Reliance topples TCS to become most valuable company by market-cap

Mumbai: Reliance Industries (RIL), which has already gained 30 per cent in 2017, became India's most valuable stock as it crossed Rs 5 trillion (US$ 77.68 billion) in market ca...

Broader market valuation at all-time high of 30.5x

New Delhi: A steady rise in the market capitalisation has pushed the valuation of broader Indian market to an all-time high of 30.5x in 2017 and the combined market cap of all list...