Editor's Desk

FIIs net sellers of Rs 251 cr (prov) in the cash segment on Tuesday

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Foreign institutional investors (FIIs) were net sellers of Rs 250.86 crore (provisional) in the cash segment on Tuesday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 2,392.50 crore, their gross sales stood at Rs 2,643.36 crore. Similarly, domestic institutional investors (DIIs) were net sellers of Rs 7.44 crore … Read more FIIs net sellers of Rs 251 cr (prov) in the cash segment on Tuesday

Bharti AXA to launch micro-health insurance

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Bharti AXA General Insurance, a private insurance sector player, plans to launch micro-health insurance to explore the rural market. For this, the company has tied with rural co-operative banks. Further, it is in talks with micro-finance institutions and non-government organisations. Under health insurance, the insurer plans to improve its premium income from the present level … Read more Bharti AXA to launch micro-health insurance

Government says no to deregulation of retail fuel prices

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The government continues to do a flip-flop on the oil sector deregulation even as global crude prices have softened somewhat from the recent peak of over $70 per barrel. State minister for petroleum and natural gas Jitin Prasada told Parliament on Monday that the government was not actively considering any proposal to free the retail … Read more Government says no to deregulation of retail fuel prices

Copper surges to a 9-month high on hopes of increased demand

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Copper surged to a nine-month high on optimism that the gains in the equity markets signal a recovery in global growth, which will increase the demand for the industrial metal. Copper has gained more than 74% this year as demand rose in China, the world’s largest buyer, and the US housing market stabilized. The gains … Read more Copper surges to a 9-month high on hopes of increased demand

Government may raise FII limit in gilts to prevent crowding out

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The government is contemplating a move to raise the investment cap for the foreign institutional investors (FII) in the government securities market. The move is aimed at promoting the demand for government paper and ensuring that the sovereign borrowings do not crowd out the private demand. Presently, FII investment in government securities is capped at … Read more Government may raise FII limit in gilts to prevent crowding out

HDFC Bank plans to add 300 new branches this fiscal

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The second largest private sector lender of the country, HDFC Bank, is considering opening 300 new branches this fiscal. The bank has already secured necessary approvals for the same, as added by an official of the bank. At present, the bank has total 1,412 branches across India, which will stand increased to 1,712 after opening … Read more HDFC Bank plans to add 300 new branches this fiscal