CIIE Initiatives, a non-profit company set up by the Indian Institute of Management, Ahmedabad's incubator-cum-angel investor, the Centre for Innovation, Incubation and Entrepreneurship (CIIE), is in talks with the central government and private organisations for establishing a renewable energy (RE) fund.
Banks and housing finance firms may seek legal mortgage as well as completion guarantee clause.
Mutual funds breathed easy today, with the flow into liquid and liquid-plus schemes soaring to Rs 30,000-35,000 crore. This is in contrast to the situation over the past few days when a liquidity squeeze caused by the Coal India issue soaking up cash forced companies and banks to withdraw money from mutual funds.
The process will start in December, but response from companies is very good.
Thanks to fewer applicants and more seats at IIMs.
Divide your investments properly for self-consumption, growth and income. Life will be simpler.
The market regulator is working in association with exchanges and fund houses to iron out the technical aspects of such a system. According to the sources, a series of meetings have already taken place.
In a bid to create an ecosystem of both large and small companies in the chemical and engineering industries, Gujarat Industrial Development Corporation (GIDC) is developing specific zones for small and medium enterprises in these two sectors.
Sadly, so will lending rates. Do not hurry to put all your money in existing offers.
High deposit rates may put pressure on teaser home loan rates
There are just 10 mn MF investors compared to 60 mn homes with life insurance.
The government has increased the existing limit of the Employees Deposit Linked Insurance (EDLI) amount from Rs 60,000 to Rs 1 lakh. The amount will be paid to the next of kin of an employee in case of his death.
After banks, it's the turn of housing finance companies to have a more transparent regime for pricing of loans. The National Housing Bank (NHB), the regulator for these companies, is working on a system that is similar to the base rate regime introduced for banks recently.
Insurance and investment are two different needs. Then, there are Ulip pension plans with no sum assured. No wonder, there is confusion.
Delay your asset reallocation, take a call on debt after a few months.
With the financial year coming to an end, one needs to start proper planning for the new one.
Go for short-term debt funds and fixed deposits, delay home or auto loans.
The entrepreneurial bug does not appear to have bitten students at the Indian Institute of Management Ahmedabad this year. So far, not even one student is believed to have opted out of the final placements process to start his own venture.
Thirty per cent of the firms - mostly big companies - had no ceiling on the gratuity amount.
The IIMs were just recovering from the uproar over technical glitches during the CAT. Now, at least five students have filed applications under the right to information law.
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