MF investments in equities cross Rs 1 lakh cr in 2017

New Delhi: Investments made by domestic mutual funds in the equities market have crossed the 1 lakh crore (US$ 15.3 billion) mark as on November 10 for the CY2017.

MF equity folios at all-time high

Mumbai: Mutual fund (MF) equity portfolios in India reached a record high of 46.63 million, of which 7.6 million portfolios were added in 2017.

Diwali season: Paytm Wallet processes US$ 1.6-bn transactions

New Delhi: Indian mobile wallet company Paytm processed transactions of over US$ 1.6 billion during the Diwali festive season between September 20, 2017 to October 20, 2017, witnes...

BankBazaar raises US$ 30 million from Experian

Mumbai: BankBazaar, a financial marketplace start-up in India, raised US$ 30 million in a funding round led by Experian Plc, a credit rating agency based in UK, taking the company&...

Over 69 lacs subscribers join Atal Pension Yojana with contribution of Rs. 2690 crores

New Delhi: Over 6.9 million people have subscribed to the 'Atal Pension Yojana' with contribution of Rs 2,690 crore (US$ 415.38 million) and there is still scope for expand...

We see India as a very long-term opportunity: Apple's Eddy Cue

New Delhi: Apple sees India as a long-term opportunity and is planning about bringing more services to India like the Apple Pay while creating a vibrant ecosystem for app developer...

India's 4 metros can gain US$ 7.2 bn/yr on digital payment boost

New Delhi: Four metro cities of Delhi, Mumbai, Bengaluru and Chennai can reap benefits of US$ 7.2 billion annually by increasing payments through digital means, according to a repo...

Mutual funds log Rs 2 lakh cr inflows in Apr-Sep FY'18

New Delhi: Mutual funds have received over Rs 2 lakh crore (US$ 30.72 billion) in inflows in the first six months of the current fiscal year, with equity and balanced funds account...