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SEBI cancels Sahara's mutual fund licence

The Securities and Exchange Board of India has cancelled Sahara asset Management Company’s license today. The market regulator in its order today said that the company is not fit and proper entity to carry out the business of mutual fund. It said, Sahara’s fund management license would stand cancell...


Asian shares drop after China's dramatic sell-off

Shares in Asia opened in negative territory today after mainland China saw a dramatic sell-off the previous day. In its biggest drop in eight years, the Shanghai Composite had tumbled more than 8 per cent on growth concerns.US stocks overnight took the cue from the insecurity in China and...


Global Oil prices fall to near 6-month lows, rattled by China

Global crude oil prices fell for a fifth straight session, dropping to their lowest in almost six months, today, as a rout in Chinese equities cast further doubt over the outlook for crude demand in the world's top commodities consumer. Brent crude oil futures fell 78 cents, to 52.69 dollars a b...


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