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Finance News
QFIs exempted from paying fees to convert to FPI structure
Foreign investors registered with Sebi as Qualified Foreign Investors would be exempted from any fee for converting…
NCDEX introduces hedge policy for commodity markets
National Commodity & Derivatives Exchange Ltd (NCDEX), the leading commodity exchange today said it is…
Gold imports stood at 638 tonnes in 2013-14
Gold imports in 2013-14 stood at 638 tonnes, a decline of 25% over the previous fiscal. The quantity of gold…
Cabinet approves 49% FDI in insurance
Government today decided to increase foreign direct investment ceiling in the insurance sector from 26% to 49% but…
Sales of new homes slow sharply, hit 3-month low
U.S. new home sales fell significantly more than expected in June, dampening optimism over the health of the…
Jobless claims lowest in more than eight years
The number of unemployed workers applying for jobless benefits tumbled in the most recent weekly data to the lowest…
PF account holders to soon receive universal numbers
From October 15, employees will not have to apply for transfer of their provident fund (PF) accounts while…
Forward trading to debut on comexes
Forward trading is set to debut in commodities on national commodity exchanges with leading agri centric exchange…
RBI reshuffles FII debt investment limits
The Reserve Bank of India (RBI) on Wednesday readjusted the investment limits of various kinds of foreign…
Petrol price hiked by Rs 1.6 per litre; diesel up by 50 paise
Oil Marketing Companies (OMCs) have raised petrol price by Rs 1.69 per litre and diesel price by 50 paise a litre,…