New Delhi - The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to a fresh all-time high of about Rs 33,000 crore at the end of October.
This also marks the fifth consecutive rise in mutual fund (MF) industry's exposure to software stocks.
Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
New Delhi - Beginning today, LPG consumers in 54 districts of 11 states will start getting cash subsidy so that they can buy the cooking fuel at market price.
The ambitious plan, launched by the previous UPA government in June 2013 but abruptly stopped earlier this year following court orders, has been modified to exclude the requirement of unique identification number (Aadhaar) for availing the cash subsidy.
"The Direct Benefit Transfer for LPG (DBTL) scheme was launched on June 1, 2013 and finally covered 291 districts. It required the consumer to mandatorily have an Aadhaar number for availing LPG subsidy.
New Delhi, Nov 15 : Aamir Khan recently hosted a special screening of documentary titled 'After My Garden Grows' in Mumbai.
Speaking at the event, the 49-year old actor said, "Even our law states that girls should not get married under the age of 18. This is against our law and, there comes an age when a woman is mentally, physically or emotionally ready to become a mother or she is ready to run a family. So, they should not get married in a young age."
Imran Khan, Kangana Ranaut, Kiran Rao and many others also marked their presence at the event.
New Delhi - Gold prices plunged by Rs 225 to Rs 26,135 per 10 grams in the national capital on Friday on easing demand from jewellers and retailers amid a weakening global trend.
Silver also dropped by Rs 800 to Rs 34,600 per kg on poor offtake by industrial units and coin makers.
Traders said sentiments remained weak due to fall in demand from jewellers and retailers amidst gold retreating in global markets.
Besides, crude oil prices falling to four-year low and gain in dollar eroded demand for the precious metal as an alternative investment.
New Delhi, Nov 14 : Farhan Akhtar has been appointed as the first ever male Goodwill Ambassador by UN Women, it has been revealed.
The 'Bhaag Milkha Bhaag' star known for his work as an actor, filmmaker and singer, will devote his efforts to promoting the empowerment of women and girls across South Asia.
The 40-year-old actor, who is running his own campaign against gender inequality named MARD, thanked UN for this honor.
New Delhi - Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77 percent in October.
The Wholesale Price Index (WPI) based inflation was at 2.38 percent in September and 7.24 percent in October 2013.
As per data released by the government today, the food inflation fell to a nearly two-and-half year low of 2.7 percent. Food inflation is on decline since May.
The sharp drop in WPI inflation, which fell for the fifth month in a row, came at the back of retail inflation declining to a record low of 5.52 percent in October.
New Delhi, Nov 14 - Google doodle has featured a Pune child's artwork to celebrate Children's Day.
Google India had held the sixth edition of Doodle 4 Google competition, the theme being 'A place in India I wish to visit,' where the creation by Vaidehi Reddy from Pune, who portrayed the colourful and aesthetically rich state of Assam, emerged as a winner.
The day is celebrated on the occasion of first Prime Minister of India, Pandit Jawaharlal Nehru's birthday, who had utmost love and affection for children and was fondly called as Chacha Nehru by them.
The colorful doodle marks the late Prime Minister's125th birth anniversary. (ANI)
New Delhi, Nov 13 : Congress President Sonia Gandhi on Thursday took criticized the forces in the country for attempting to belittle the legacy of India's first prime minister Jawaharlal Nehru's and "destroy his ideals".
"Nehruji's ideologies are not just a part of history, they inspire us even today and undoubtedly it will inspire generations to come. We should remain committed to fight those who want to destroy the liberal and progressive edifice of India," said Sonia while addressing a party conclave here at the Talkatora Stadium to mark the 125th birth anniversary of Jawaharlal Nehru.
New Delhi, Nov 13 : The BJP-led NDA government on Thursday hiked the excise duty on petrol and diesel by Rs. 1.50 per litre.
Excise duty on normal or unbranded petrol has been hiked from Rs 1.20 to Rs 2.70 per litre, while the excise duty on branded petrol has been hiked from Rs 2.35 to Rs 3.85 per litre .
Akash Jindal, a market expert, dubbed the government's move to be incorrect.
"The decision for increasing the excise duty on petrol and diesel was wrong. It will increase the inflation and the common man will suffer," he said. (ANI)
New Delhi, Nov 13 : Prime Minister Narendra Modi has wished Justice V. R. Krishna Iyer on his 100th birthday.
"Warm birthday wishes to an icon in Indian public life, Justice VR Krishna Iyer as he turns 100. I pray that he is blessed with good health. Legal luminary, philosopher and intellectual, Justice Krishna Iyer is an Institution in himself, who dedicated his life to the nation," Prime Minister Modi said.
"Justice Iyer's life and works are an inspiration to all of us. My interactions with him have been very enriching. I learnt a lot from him," he added. (ANI)
New Delhi, Nov. 13 - The government has set up a high-level inter-ministerial committee to ensure the smooth allocation of 204 cancelled coal blocks.
The committee will provide advice on policy issues and interact with the industry.
The coal ministry has said the nine-member committee, to be headed by Additional Secretary (Coal), will have members from ministries like power, steel and law.
It has said that the nominated authority created under the Coal Mines (Special Provisions) Ordinance, 2014 is required to undertake management and reallocation of 204 coal blocks cancelled by the Supreme Court.
New Delhi, Nov 11 : Union Human Resource Development Minister Smriti Irani on Tuesday expressed her anguish over the controversial comments made by Aligarh Muslim University (AMU) vice chancellor Lieutenant General (retired) Zameer Uddin Shah regarding girl students visiting the library.
"It is unfortunate that when entire nation is celebrating the 125th birth anniversary of Maulana Abul Kalam Azad, such statements have surfaced. It's not only saddening as a woman but it also instils a feeling of resentment," Irani told the media here.
New Delhi, Nov 11 : Sonakshi Sinha was recently spotted talking about her singing skills at the trailer launch of her upcoming movie 'Tevar'in Mumbai.
The 'Dabangg' star, who has sung a song for the first time in her ne w flick asserted that she is a good bathroom singer.
"According to me, I am a good bathroom singer. So, I wanted to do this, but no one gave me this opportunity because probably they must have heard me sometime and said this is not happening," the 'Dabangg 'actress said, who has sung for the first time in movie ' Tevar '.
The 27-year-old Bollywood starlet was last seen in movie 'Holiday: A Soldier Is Never Off Duty' with Akshay Kumar. (ANI)
New Delhi : The much-awaited draw for the DDA Housing Scheme 2014 has been reportedly pushed back to Wednesday (November 12) as the authority as still receiving corrections from the banks.
DDA vice chairman Balvinder Kumar is said to have told a leading daily that the draw is likely to be held on November 12.
The draw was earlier fixed for November 5, but was postponed to November 10 due to the delay in processing of the applications.
Reports said Monday that the DDA conducted a mock trial draw of about 5 lakh forms.
New Delhi, Nov 10 : Keanu Reeves has revealed that he find films by legendary Indian filmmaker Satyajit Ray incredible, and had got to know India only through his work.
The 50-year-old actor said that he had watched in Film Festival after Film Festival, Ray's films was how he perceived India - real, warm and unaffected, and was happy to know India had a thriving Indian film industry.
Reeves would soon be seen playing role of an former-hitman in the upcoming project ' John Wick ,' which hits the Indian theatres on November 14, 2014. (ANI)
New Delhi, Nov 10 : Prime Minister Narendra Modi, who will commence his visit to Myanmar, Australia and Fiji on November 11, on Monday said that he is looking forward to seeking a global environment that supports India's aspirations for economic development and a peaceful world.
New Delhi - DDA has received over 10 lakh applications for the flagship 'Housing Scheme 2014' and it will on Monday conduct a dry run to check its preparedness for the much-awaited draw of lots.
The tentative date for holding the draw of the lots for the new scheme was November 10, but a senior official of the housing authority on Sunday said that the exact date would be decided based on the outcome of Monday's trial.
New Delhi, Nov 8 : Union Finance Minister Arun Jaitley has claimed that the introduction of the retrospective taxation bill by the previous United Progressive Alliance (UPA) regime in Parliament, had made it clear that the Bharatiya Janata Party (BJP) would win the 2014 Lok Sabha elections.
New Delhi, Nov 8 : Raveena Tandon, who graces on the cover of Savvy magazine, recently unveiled the latest issue of the publication in Mumbai.
The 40-year old actress attended the event in a red gown that accentuated her perfect curves.
The cover reads, "Salman and I Didn't Get Along From Day One! Raveena Tandon Thadani". It seems the actress talks about her Bollywood career and her co-stars in the magazine.
Tandon's hit movie "Andaz Apna Apna", recently celebrated 20 glorious years. (ANI)
New Delhi - Telecom regulator TRAI has fixed midnight of November 29 as deadline for subscribers of Loop Mobile to shift to other networks while retaining their numbers by using the MNP facility.
Loop Mobile's permit in Mumbai is expiring on November 29 as it did not purchase spectrum in February auction which was mandatory for continuing its operations.
The Telecom Regulatory Authority of India today directed Mobile Number Portability service provider "not to process the request for porting in respect of mobile telephone numbers belonging to Loop Mobile...As donor operator after 23:59:59 hours of 29th November".
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