EPFO in stocks: Nifty ETF gets more funds; gives lower returns

EPFO in stocks: Nifty ETF gets more funds; gives lower returns

Monday, 30 November 2015 | PTI | New Delhi

With the retirement fund body EPFO bruising its hands on debut in stock market, an irony of sorts has emerged in its allocation of funds -- more money was invested in SBI’s Nifty ETF but returns turned poorer. After years of dilly-dallying on whether to take the risk of investing in...

'US West Coast assumes new meaning in India's development'

Monday, 30 November 2015 | PTI | Los Angeles

With India’s top political and business leaders making a beeline to California, holding a diaspora meeting here and launching of direct Air India flight between San Francisco and Delhi next week, America’s West Coast has assumed a new meaning in the development of India. “The West Coast has assumed a new...

SCOPE opens southern chapter at Bangalore

Monday, 30 November 2015 | PNS | New Delhi

The Southern Chapter of SCOPE was inaugurated in Bangalore by SCOPE Director General UD Choubey. The SCOPE Chapter will take up issues and concerns of the PSEs based in the Southern Region of the country and will take it further. The Southern Region has 25 PSEs under its pool with a...

SpiceJet plans more flights from Dubai

Monday, 30 November 2015 | PTI | Dubai

SpiceJet on Monday said it would operate more number of flights from here to various Indian cities. Celebrating UAE’s 44th National Day, the low cost carrier has announced special one-way ticket offers for its flights from Dubai, starting from base fare of AED 244 (over Rs4,400). The airline would enhance its connectivity...

Foreign investors pitch to expedite listing of NSE, BSE

Monday, 30 November 2015 | PTI | New Delhi

large foreign investors including Goldman Sachs, Temasek and Morgan Stanley have approached the Government to expedite the process for listing of top stock exchanges BSE and NSE, where they hold significant stakes. This group of 17 overseas investors, which also includes Deutsche Boerse, Singapore Exchange, Argonaut PE, SAIF Partners, Tiger Global,...

Emami to hike paperboard investment to Rs2,000 cr in 3 yrs

Monday, 30 November 2015 | PTI | Balasore

Emami Paper Mills ltd, the country’s largest newsprint manufacturer, has decided to increase investment in paperboards to Rs2,000 crore in the next three years to strengthen its diversification to the high-margin segment. “We want to double the capacity of paperboard from 1.3 lakh tonne per annum over the next three years,”...

Need genuine climate change financing: FinMin

Monday, 30 November 2015 | PTI | New Delhi

A day ahead of the crucial climate conference in Paris, Economic Affairs Secretary Shaktikanta Das on Sunday pitched for “genuine provision” of climate change finance from developed developing countries and not “clever accounting”. Das said clean technology is important and not unreasonable standards which create markets for developed countries and escalate...

Nepal detains, frees 13 SSB personnel

Monday, 30 November 2015 | PTI | Kathmandu/New Delhi

Nepal on Sunday detained 13 Sashastra Seema Bal (SSB) personnel for nearly five hours after they “inadvertently” entered the country while chasing suspected smugglers, the second incident along the border within a week amid tension in bilateral ties. The incident took place around 6:30 AM when a SSB patrol party saw...

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