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MUMBAI: Mutual fund (MF) houses are restricting large inflows into gold exchange traded funds (ETFs) and fund of funds (FoFs) feeding into such schemes in order to align with govt’s recent policy of discouraging people from buying gold.Three large fund houses–HDFC MF, ICICI Prudential MF and Nippon India MF–have restricted large inflows into gold funds….
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Indian Oil Corporation Ltd (IOCL) said that the country’s refineries are capable of processing Venezuelan crude if supplies resume. “If at all things start settling down, if at all a lot of crude starts coming out of Venezuela, then can’t we import oil from Venezuela?” he said.The executive further added that the company, used to…
Defending her bastion of West Bengal for the fourth time to extend her term by another five years to 20 years was never meant to be easy for Mamata Banerjee. She was up against a formidable challenger, the Bharatiya Janata Party, its redoubtable election-winning organisation and bottomless resources and its star campaigner, Narendra Modi.For five…
NEW DELHI: Union jal shakti minister CR Patil on Tuesday said that the Narendra Modi government is working to ensure that Pakistan receives no water from the Indus river system in the coming years. Patil said the treaty had not been terminated but suspended, and that efforts were underway to stop water flowing across the…
US stocks opened higher on Friday, keeping Wall Street close to record levels as the first week of the quarterly earnings season drew to a close, supported by selective bank results and a rebound in oil prices.In early trade, the S&P 500 rose 0.3 per cent, while the Dow Jones Industrial Average added 116 points,…
Michael Saylor, executive chairman of Strategy (MSTR), said the largest public traded holder of bitcoin BTC$78,731.11 increased the dividend rate on its preferred stock, Stretch (STRC), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-duration, high-yield savings account. The increase is the sixth since STRC first traded in July…
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