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  • India and United States to ink new defence framework

    India and United States to ink new defence framework

    • June 2, 2015

    On US defence secretary Ashton Carter’s visit to India, the two countries are going to ink their new 10-year defence framework. Carter will talk with top leadership in Delhi on joint development of defence technology. The signing of new defence framework was decided during Barack Obama’s visit to India in January. This framework expands the bilateral defence

  • At 92, Harriette Thompson, oldest woman to run a marathon

    At 92, Harriette Thompson, oldest woman to run a marathon

    • June 2, 2015

    At 92,  Harriette Thompson, The Charlotte, N.C., resident completed the San Diego Rock ‘n’ Roll marathon on 31st May 2015 with an unofficial finishing time of 7:24:36, making her the oldest woman to run a competitive 26 miles and 385 yards. Thompson took up running at age 76. Since she is tackling marathons annually. She’s only missed

  • Maharashtra tops MF chart with equity assets of Rs 1.21 lakh crore

    Maharashtra tops MF chart with equity assets of Rs 1.21 lakh crore

    • June 2, 2015

    Maharashtra leads the mutual fund landscape or MF Chart in India with an assets base of Rs 1.21 lakh crore at the end of April in equity-oriented schemes. The Marathi state is followed by Delhi with Rs 28,058 crore, Karnataka with Rs 27,625 crore, Gujarat with Rs 25,402 crore, and West Bengal with Rs 21,189 crore. Maharashtra dominates the mutual

  • HDFC MF remains most profitable fund house followed by Reliance MF

    HDFC MF remains most profitable fund house followed by Reliance MF

    • June 2, 2015

    HDFC MF or HDFC Mutual Fund has retained its position as the most profitable fund house in 2014-15, with a profit after tax (PAT) of Rs 416 crore. HDFC’s rival Reliance MF remains at the second place, with a PAT of Rs 357 crore during the last fiscal. ICICI Prudential MF, the second largest fund

  • RBI allows banks to invest in infrastructure bonds of other lenders

    RBI allows banks to invest in infrastructure bonds of other lenders

    • June 2, 2015

    The Reserve Bank of India has allowed banks to invest in infrastructure bonds (long term) of other banks. This will give a boost to the infrastructure development. Currently banks are not allowed to cross-hold long-term bonds issued specifically for the purpose of financing of infrastructure and affordable housing loans among themselves. The RBI has emphasized that the primary objective

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