The strong temblor that shook Nepal and parts of northern and eastern India on Tuesday brought back chilling memories of the April 25 earthquake for 47-year-old mountaineer Lipika Biswas who was at the Everest Base Camp when it had hit the Himalayan country.
The Finance Ministry is considering a proposal to rope in professionals from the private sector for appointment of chairman and CEO-cum-managing director in state-owned financial institutions as it looks for talent from a wider pool of applicants.
The MF Industry had a cash-rich 2014 as it crossed the Rs 3 trillion mark.
Putting Indian markets on fire, the foreign investors have pumped in over Rs 1-lakh crore of so-called 'hot money' into stocks during 2014 -- taking their cumulative net investments here beyond Rs 10 lakh crore.
Prime Minister Narendra Modi on Wednesday said he has asked soft drink makers like Pepsi to try and mix aerated drinks with 5 per cent fruit juice to help distressed farmers find a new market for their produce.
After two consecutive years of plunge, the mutual fund industry managed to register a smart turnover in 2012, with its assets base seen nearing Rs 8 trillion with an increase of about Rs 2 trillion this year.
It was only gold, one of the oldest investment forms, that provided some solace to investors and somehow stood by its record of being a safe place to put hard cash in -- although the gain of about 25 per cent was nothing compared to what it returned in the previous years. This time around, however, the money that went into stocks lost more than half of its value on an average in comparison to a gain of 25-50 per cent over past few years.
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