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The Govt made it clear that social security number is not mandatory for getting services from Employees Provident Fund Organisation as the present provident fund membership number will suffice.

Mutual fund houses are rushing their NFOs before removal of entry loads becomes effective from August 1, with as many as nine fresh schemes coming out within less than 30 days between June 18 and July 15.

The rupee strengthened further by 33 paise to 48.63/64 against the dollar on Wednesday on the back of an upbeat equity market, raising hopes of fresh capital inflows amid a weak US currency overseas.

Rupee gained for a second day on Wednesday as another strong rise in the share market buoyed by hopes for more capital inflows, amid signs of easing risk aversion following a rise in equity markets globally.

Birla Sun Life Mutual fund has launched a new fund christened as “Birla Sun Life Enhanced Arbitrage Fund” that aims to generate absolute returns over and above money market returns or liquid funds.

With signs that the worst of the slowdown is over, most economists think the RBI has finished cutting interest rates after aggressively lowering them between October and April

Dispute seen adding to India investment risk; Supreme Court to hear case on 20 July; Calls grow for government to step in

The Indian rupee extended gains for a second day on Wednesday, with firmer Asian stock markets boosting the outlook for foreign equity inflows and underpinned by the dollar’s weakness against majors.

At 12:15pm, the 30-share BSE index was up 0.9% at 13,981.88 points, with 23 stocks gaining, after rising to as much as 13,997.79

The 30-share BSE index ended up 399.54 points at 14,253.24, with all but one stock gaining