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Rupee appreciates in early trade on increased dollar selling

Rupee appreciates in early trade on increased dollar selling

The rupee appreciated by nine paise to 60.96 against the Greenback in early trade on Wednesday at the Interbank Foreign Exchange on increased selling of the US dollar by exporters and banks.  

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Ikea to invest Rs 12,500 crore in India, eyes 25 stores in 10 yrs

 Ikea to invest Rs 12,500 crore in India, eyes 25 stores in 10 yrs

World's largest furniture retailer Ikea said on Wednesday plans to invest Rs 12,500 crore to set up 25 stores in the country over the next decade. The new stores, each needing investment of around Rs 500 crore, will come in the cities such as Mumbai, Delhi, Hyderabad and Bangalore, the Swedish furniture retailer said. Ikea India has already received FIPB nod t...Read More

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Accused gave fake papers to get bail in QNet case

MUMBAI: Some of the accused in the Rs 425crore QNet cheating case submitted fake documents to court to get anticipatory bail, special public prosecutor Pradip Gharat told the court on Thursday.

Later, a police officer filed an affidavit that his statement and signatures were bogus and he was not involved in the probe initially.

This may affect th...Read More

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Ten Key Mantras for Mutual Fund Investors

Mutual fund investing is for everyone. Asset Management Companies (AMCs) offer multiple schemes with varying combinations of risk-return, investment horizon, exposure, asset classes and tax-treatment. The trick is to choose wisely. Whether you are new to investing through mutual funds or a seasoned investor, following these ten key mantras will ensure that you make the most o...Read More

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Indians join wave of investors in condos and homes in the US

Indians join wave of investors in condos and homes in the US

Arun Kumar owns three apartments in New Delhi, where he has carved out a comfortable life as part of India’s rapidly expanding middle class. Not long ago, he also became a global landlord, picking up an inexpensive three-bedroom house and a duplex nearly 8,000 miles away, in St Louis. 

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Five Indian-Americans in Forbes list of richest in US

Five Indian-Americans in Forbes list of richest in US

Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of USD 81 billion. Founder of outsourcing firm Syntel Bharat Desai, entrepreneur John Kapoor, Symphony Technology founder Romesh Wadhwani, Silicon Valley angel investor Kavitark Ram Shriram and ven...Read More

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Rupee hits over one-week high on bunched-up dollar inflows

Rupee hits over one-week high on bunched-up dollar inflows

MUMBAI (Reuters) - The rupee rose to a more than one-week high on Tuesday on bunched-up dollar inflows following a five-day weekend but losses in the domestic share market and demand for the greenback from importers prevented further gains.

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Three-day Global Investors Summit begins in Indore

Indore (Madhya Pradesh), Oct.8 (ANI): Barely weeks after Prime Minister Narendra Modi launched his 'Make in India' initiative, Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurated a three-day Global Investors Summit here on Wednesday, and invited business leaders from across the world to invest in his state. More than 4,000 delegates from across the world a...Read More

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Power ministry to sell LED bulbs at Rs.10

Power ministry to sell LED bulbs at Rs.10

New Delhi, Oct 8 (IANS) A day after the Nobel Prize in physics was won by the scientists who invented blue light-emitting diodes (LEDs), the power ministry Wednesday launched a business model enabling the sale of LED bulbs to households at Rs.10 against the market price of Rs.400.

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Ariix’ Deanna Latson Named Stevie Awards Finalist For Women In Business

Ariix’ Deanna Latson Named Stevie Awards Finalist For Women In Business

Premier global health and wellness company ARIIX announced Chief Product Officer Deanna Latson as a Finalist in two categories in the 11th annual Stevie® Awards for Women in Business, and will ultimately be a Gold, Silver, or Bronze Stevie Award winner in the program.

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