India to join hands with Argentina for Silo technology

Grain-Silo-TechnologyAfter it was found that millions of tons of food grain were lost because of rotting in Indian warehouses for the lack of proper technologies, the government had decided to take some step.

India will be joining hands with Argentina for developing a new technology for warehousing and also to be able to access the existing ones in the South American nation.

Mutual Funds see increase in consumer complaints

SEBIAfter facing a continuous depletion in the asset base, the mutual fund industry is also facing a tough question. The number of consumer complaints faced by, the industry have increased dramatically.

Most of the complaints are with respect to the redemption proceeds and non-receipt of dividends. These are the areas which are turning out to be the biggest worry not only for the investors but also for the people.

Adani and Linc to soon sign deal about coal assets

Linc-Energy-Adani-EnterprisesOn Monday, Linc Energy Ltd said that the talk between it and Indian Adani Enterprises Ltd is at a very advanced stage. The talks are regarding the transaction of coal assets of Linc which are present in Queensland.

Post the declaration, shares of Linc were up 19 per cent.

Positive global cues push the markets up

BSE-Sensex-HighFollowing the good and positive signs from the global counterparts, the Indian markets ended on almost the day's high on Monday.

Boost in the domestic manufacturing sector also helped in pushing the markets up that ended in the green.

The race was led by the metals and FMCG sector while the others also performed well.

July's HSBC Markit Purchasing Manager's Index (PMI) has shown that the manufacturing activity in India has gone up from 57.3 in June to 57.6 in July. This means expansion and that boosted investor sentiments.

China's manufacturing cools, India's heats up

China-manufacturingA survey done by HSBC has shown that the manufacturing sector's activity has fallen to the lowest since the depths of global downturn hit in 2009. This goes in line with the data that shows that there has been a marked dip in growth of China. The research was done by HSBC by keeping companies as the audience.

Meanwhile, Indian economy is 360 degree different and has done well with the estimates showing that the performance will improve during coming time. India's HSBC Markit Purchasing Managers' Index, came up in July to end at 57.6 as against 57.3 in June.

JP group awards Rs.6,500 crore project to L&T

Larsen-ToubroConstruction and po

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