The two nations share a problem of corporate debt gone bad that is so large and opaque.
Shehbaz, 72, who was the consensus candidate of the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), received 201 votes, 32 more than what was required to become leader of the House in the 336-member Parliament.
When billionaire Warren Buffet started his first fund in 1956 with eleven investors, he invested a token amount of $100 of his own money as "skin in the game". Buffet denies it but he is credited with coming up with the term describing those running a fund risk some of their own money in it. The mutual fund (MF) industry has more than Rs 81,200 crore riding on its schemes, shows a Business Standard analysis of data on sponsor and associate contributions from the Association of Mutual Funds in India (Amfi).
The move comes within months of a crisis at JPMorgan Asset Management Company.
By following the path of Kula Dharma as mentioned in the Bhagavad Gita, you will not only be securing your child's future but also contributing to your own early sukoon (peace and well-being), says Vatsal Ramaiya
rediffGURU Sunil Lala answers your MF-related queries.
MFs have benefited from a shift to financial assets from physical assets like real estate and gold.
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.
What's worrying for the public sector banks is the rise in delinquency in the housing portfolio, which does not include real estate. But a bank chief said that with low exposure to the real estate sector, the state-run banks have fewer worries. The other area of concern is credit cards but the operations of public sector banks in this segment are small compared with the likes of ICICI Bank, HDFC Bank and Citibank, the largest players in the business.
Top officials said asking employees other than the fund management team to mandatorily invest a fifth of their salary goes against the principle of natural justice.
How to lessen your debt without getting bogged down!
According to industry players, over 50 FMPs have exposure to Zee Group companies.
'We are sure FY25 is going to be better...But to call out that all problems are behind us is a bit early.' 'The underlying business sentiment has not changed significantly.'
'Liquid ETFs help in cash management by enabling a smooth transition between equity and cash within the same settlement cycle, as they trade in the same segment as equity.'
For the $60 billion Indian IT services industry, the US is the biggest market with almost 50-60 per cent of revenues coming from it.
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
According to a government reply in Lok Sabha, as on June 30, 2017, there were about 109,598 cases pending across debts recovery tribunals, with recovery dues of Rs 635,500 crore.
'A country that hosts and even celebrates UNSC-sanctioned terrorists, commenting on India whose pluralistic ethos and democratic credentials are exemplars for the world, is a contrast for everyone to see'
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
The question of debt mutual funds verses fixed deposits has been going on for a long time. Which one serves better for the conservative investor? InvestmentYogi takes a close look and breaks it down, giving you the details you need to make an informed choice.
Are Financial Independence and Early Retirement two opposite ideas? Vatsal Ramaiya illustrates why these are not so in this series that offers a roadmap to living life on your terms.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
The court said if employees continue to hold on to flats then Air India Asset Holding Company would not be able to monetize the land to reduce the burden of Air India's debt.
Farmer leader Sarwan Singh Pandher on Thursday demanded registration of a murder case against those responsible for the death of a protesting farmer at the Khanauri border point of Punjab-Haryana.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
Stocks of smallcap and midcap companies, which had caught the fancy of retail investors, also feature in the portfolio of leading politicians in addition to bluechip stocks.
Grosvenor House hotel was put on sale by its lender Bank of China earlier this year after a 'technical default'
Oil to telecom conglomerate Reliance Industries (RIL) has initiated the process to seek shareholders' approval for the appointment of the third generation of the Ambani family on the company's board. The remote voting through postal ballot will start from September 27 onwards. In a separate note, CreditSights said a trust and hold-co model could be a possibility for the anticipated succession at RIL.
The first part of this agreement will cut about $1trillion in spending over the next 10 years.
'The long-term impact of elections is minimal.'
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd.
'If you take any ministry of defence project, Nibe is up there, getting orders.'
