All stories by Sachin P Mampatta
Why large-cap PMS schemes failed to beat benchmark indexRediff.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 fundsRediff.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 CAPEXRediff.com4 Feb 2021
Acquisitions may have played a role in much of the increase.
1 million new investors entering the market on a monthly basisRediff.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 flakRediff.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%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 2020Rediff.com5 Jan 2021
'SMEs got infected by Covid.'
Indian hedge funds beat their peers in other emerging marketsRediff.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 yearsRediff.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 pollsRediff.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 SepRediff.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 suicideRediff.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-19Rediff.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 monsoonsRediff.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 recoveryRediff.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%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 FPIsRediff.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.
Algo traders find relief as volumes stabiliseRediff.com28 May 2020
The volume of shares traded in the stock market had fallen 28 per cent in April. Turnover, or the value of securities changing hands, fell 12.6 per cent. This trend of falling volumes seems to have stabilised in May.
As markets turn volatile, investors look to the stars for guidanceRediff.com17 Apr 2020
The spread of COVID-19 and the accompanying mayhem caused the S&P BSE Sensex to drop over 38.5 per cent from its all-time high of 42,273.9 to a low of 25,981.2 on March 23. Those in the astrology and even numerology segments received more calls than before during the time.
Rana Kapoor: The banker who said 'YES' to a chosen fewRediff.com19 Mar 2020
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.