NPS corpus reaches Rs 90,327 crore

As the PFRDA marks two years of its statutory status, the National Pension System (NPS) has netted 1.14 crore subscribers with a total corpus of Rs 90,327 crore. The total assets under management are worth Rs 1.09 lakh crore while the average assets under management per subscriber is Rs 95,000. TNS
New Delhi
Gold firms up to 3-mth high amid wedding season buying
Rising for the third straight day, gold on Tuesday advanced by Rs 115 to trade at over three-month high of Rs 27,300 per 10 grams on persistent buying by jewellers to meet the wedding season demand, amid a firming trend overseas. PTI
New Delhi
Coal India arm NCL declares interim dividend of Rs 2,644 cr
Coal India Ltd on Tuesday said its arm Northern Coalfields Ltd (NCL) has declared an interim dividend of Rs 2,644 crore for the period ended December 31. This is the second interim dividend declared by the company till date, the company said. PTI
New Delhi
Hamied hikes stake in Cipla to over 20%
Cipla patriarch YK Hamied has increased his stake in the homegrown drug major to over 20% by acquiring additional 5%. He has acquired 5.22% additional stake from his wife Farida Hamied, thereby taking his total holding in the drug firm to 20.76%. PTI
London
BP slumps into $6.5bn loss for 2015 on oil collapse
British energy giant BP said on Tuesday it slumped into a vast loss in 2015, ravaged by the dramatic collapse in oil prices. BP suffered a loss of $6.48 billion last year, compared with a net profit of $3.78 billion in 2014, it said.