Forget RIL and Infy, insurance IPOs are what's hot in D-St right now

Tales of riches abound among equity investors. To sell a long-term equity investment story to a layman, advisors often showcase returns from the initial public offerings of either Reliance Industries or an Infosys Technologies. For long, the most simplistic investment thesis has been to latch on to IPOs from a sector that appears novel and about which the stock market has little clue. When Dhirubhai Ambani floated RIL in 1988, retail investors hardly knew about the petrochemical industry. When NR Narayana Murthy sold shares of Infosys, much of India had not even seen a desktop computer.

Businesses stay optimistic amid GSTN’s tech hiccups

NEW DELHI:‘System seems to have encountered an error while processing your return... Please try after some time. GSTN portal is experiencing an abrupt surge in traffic, hence we’re unable to service your request…’ These are some of the responses from the Goods and Services Tax Network (GSTN) portal when businesses attempted to file returns or upload invoices for July. Filing returns has emerged as a sore point after GST rollout on July 1, pushing the portal’s functioning to the centre stage at the last GST Council meeting on September 9.

No fireworks for food prices this festive season

Prices of most food items are expected to be stable this festive season due to ample stocks and good global supply situation while sugar prices are likely to remain firm in the month ahead, trade insiders said. Onions and tomatoes have become cheaper in recent weeks after these two commodities, along with fuel, pushed the country’s wholesale price inflation to a four-month high of 3.24% last month. Prices of cereals, which have highest weightage in the Consumer Price Index, are also expected to remain fairly stable, trade analysts said.

Modi’s new mantra for governance: Human touch, efficiency & innovation

NEW DELHI: Add a human touch to governance, revamp office memorandum-circular system, earmark 1% of departmental budget for innovation, and make top officers spend 5-6 days a month in the field — these are the core of Prime Minister Narendra Modi’s new mantra for governance. Three weeks after Modi met additional secretary and joint secretary level officials, Cabinet Secretary PK Sinha has written to secretaries of all ministries with 39 actionable points to “expeditiously” act on and give a status report to the Cabinet Secretary.

Flipkart begins online festive sale war with bigger deals; Here is what's on offer

Following a spectacular show last year where it presumably took the bigger piece of the online festive sale pie, Flipkart is preparing for an encore this year with better products, more brands and exciting deals. With day 1 of its mega Big Billion Day (BBD) sale kicking off today, the e-commerce player has a stockpile of offers on fashion, home furnishing and large appliances lined up. Top deals to watch out for: With the aim of maintaining its monopoly in fashion, Flipkart will be adding more layers to its offerings by further trimming costs.