Sachin P Mampatta

All stories by Sachin P Mampatta

Foreigners no longer need PAN for investment in GIFT AIFs

Foreigners no longer need PAN for investment in GIFT AIFs

Rediff.com5 days ago

The government has been in discussions to promote such international financial services centres within India as alternatives to places like Singapore.

Tax indemnity clause leads to friction among buyers & sellers of firms

Tax indemnity clause leads to friction among buyers & sellers of firms

Rediff.com3 May 2021

Discussions are said to have been heating up over how long a tax indemnity clause, which is part of such deals, should run, according to multiple people familiar with the matter.

Getting compensation for tech glitches could be a tough task for investors

Getting compensation for tech glitches could be a tough task for investors

Rediff.com4 Mar 2021

Lawyers say compensation may be an uphill task for investors because of a lack of judicial precedent and broader institutional difficulties.

Why large-cap PMS schemes failed to beat benchmark index

Why large-cap PMS schemes failed to beat benchmark index

Rediff.com19 Feb 2021

Companies providing portfolio management services (PMS) had a tough time beating the benchmark index in January, with more than half of the schemes invested in large companies underperforming in the run-up to the Union Budget. The Nifty 50 index was down 2.5 per cent during the month. Only around 44 per cent of PMS schemes did better, among the schemes investing in large-cap companies. The analysis is based on data from industry tracker PMS Bazaar. Half the mid-cap schemes outperformed, while the rest underperformed.

New rules on holding firms may affect pension funds

New rules on holding firms may affect pension funds

Rediff.com19 Feb 2021

The Union Budget 2021-22 has made it easier for sovereign wealth funds and pension funds to invest in Indian infrastructure projects, but some of the new rules may need more clarity, experts said. The proposed regime requiring investments through holding companies may have adverse tax implications for such funds and may create an arbitrage between the new and old projects, they said. Besides, the ownership structure of holding companies through which investments are to be made requires further clarification, they added.

33 of 95 BSE100 cos INCREASED CAPEX

33 of 95 BSE100 cos INCREASED CAPEX

Rediff.com4 Feb 2021

Acquisitions may have played a role in much of the increase.

1 million new investors entering the market on a monthly basis

1 million new investors entering the market on a monthly basis

Rediff.com29 Jan 2021

Faster account opening, which allows investors to start trading without ever leaving their homes or visiting a physical branch of their local brokerage has played a role in the surge.

Franklin's voting process on six funds draws flak

Franklin's voting process on six funds draws flak

Rediff.com15 Jan 2021

There was no postal intimation to unitholders who didn't have a registered email address, according to a letter that Midas Touch Investors Association sent to Sebi.

Pandemic deals major blow to capex, spending down 88%

Pandemic deals major blow to capex, spending down 88%

Rediff.com5 Jan 2021

While there were Rs 7.01 trillion worth of new assets in December 2019, this fell 88.6 per cent to Rs 80,000 crore for the three months ending December 2020, shows data from project tracker Centre for Monitoring Indian Economy (CMIE), reports Sachin P Mampatta.

Small firms struggled to raise capital in 2020

Small firms struggled to raise capital in 2020

Rediff.com5 Jan 2021

'SMEs got infected by Covid.'

Indian hedge funds beat their peers in other emerging markets

Indian hedge funds beat their peers in other emerging markets

Rediff.com28 Dec 2020

The year-to-date returns are 13.33 per cent for Indian funds, compared to 11.66 per cent for emerging market funds overall.

Reliance emerges as biggest wealth creator over last 25 years

Reliance emerges as biggest wealth creator over last 25 years

Rediff.com23 Dec 2020

Reliance Industries accounted for Rs 6.3 trillion in wealth created since 1995; closest rival was Hindustan Unilever which was at Rs 4.9 trillion.

Congress spent Rs 61 lakh on Facebook ads for Bihar polls

Congress spent Rs 61 lakh on Facebook ads for Bihar polls

Rediff.com18 Nov 2020

Pages for the Bharatiya Janata Party's Bihar arm (BJP Bihar), Janata Dal-United, and Chirag Paswan (of the Lok Janshakti Party) saw between Rs 15 lakh and Rs 30 lakh in ad spends.

Even as economy reopens, new projects down 82% YoY in Sep

Even as economy reopens, new projects down 82% YoY in Sep

Rediff.com9 Oct 2020

Completed projects saw an improvement of 29.2 per cent over the June quarter, which is valued at Rs 0.31 trillion.

In financial distress? Seek help, don't commit suicide

In financial distress? Seek help, don't commit suicide

Rediff.com18 Sep 2020

Shedding the stigma around failure, sharing issues with the family and seeking financial assistance from others can help alleviate distress and help people recover faster, says experts.

India lags peers in heading back to office amid COVID-19

India lags peers in heading back to office amid COVID-19

Rediff.com24 Aug 2020

Other countries with a large number of cases including Brazil, Russia, Spain and the United States of America, all have more people heading to work.

Making sense of markets that don't move in sync with the monsoons

Making sense of markets that don't move in sync with the monsoons

Rediff.com20 Aug 2020

A favourable monsoon and government support to the rural economy are among the reasons that agrochemical companies, including makers of pesticides and fertilisers, have done well.

India Inc cutting employee costs as coronavirus hurts recovery

India Inc cutting employee costs as coronavirus hurts recovery

Rediff.com19 Aug 2020

June indicates a change in trend from previous quarters in terms of how much companies are spending on employees. The worst hit sectors included steel, air transport service and automobile firms.

After 1962 China war stock markets fell 16%, gold 30%

After 1962 China war stock markets fell 16%, gold 30%

Rediff.com18 Jun 2020

The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.

How 1996 World Cup is back to haunt FPIs

How 1996 World Cup is back to haunt FPIs

Rediff.com10 Jun 2020

The ruling mean FPIs cannot seek treaty protection against the new withholding tax that companies are required to deduct at source. The apex court order pertains to when the cricketing bodies of Pakistan, India, and Sri Lanka formed a joint committee to conduct the 1996 Cricket World Cup.

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