INDUSTRY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

Prasad to meet IT industry on digital economy roadmap  -   13/12/2017 17:46
I T Minister Ravi Shankar Prasad is slated to meet the industry to discuss the roadmap for India to become a USD 1 trillion digital economy in the coming years, reported PTI. This is a follow-up to a similar meeting held in June this year with tech leaders where the minister had exhorted the indust...
Big bet on SIPs: Mutual funds garner Rs 5,900 cr in Nov  -   13/12/2017 17:02
R etail investors are preferring systematic investment plan (SIP) option for investing in mutual funds, with the industry garnering around Rs 5,900 crore through the route in November, an increase of 52 per cent from the year-ago period. With this, the total money garnered by fund houses through S...
89% of India's auto sales digitally influenced: Report  -   13/12/2017 16:24
A lmost 90 per cent of India's car buying has a "digital influence" as a majority of buyers research online and watch videos before making the purchase, a report by Google India-Kantar TNS today said. This is higher compared to trends in 2016 when the number stood at about 75 per cent, the rep...
Trai's views on in-flight connectivity framework by Dec-end  -   13/12/2017 15:00
T elecom regulator Trai will come out with its recommendations on allowing in-flight connectivity by December-end, a top official said today. Also, the regulator will "soon" provide its inputs to the telecom department on the proposed New Telecom Policy (NTP), which is currently in the works....
Rupee edges lower against US dollar on weak macro data  -   13/12/2017 14:46
T he Indian Rupee was trading marginally lower against the US dollar on Wednesday due to spurt in American currency demand by banks and importers and sustained outflows by foreign portfolio investors. The market sentiment was dented by weaker-than-expected macro-economic data as CPI-based retail infl...
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