An additional factor spurring the FMP launches is MFs' desire to retain investors as many such offerings are set to mature over the next two months.
It is learnt that Bhanot has been recommended by the Athletics Federation of India to contest the AAA elections to be held on June 1 prior to the Asian Athletics Championships at Wuhan in China from June 3 to 7.
Those willing to take a higher risk for higher returns can look at AAA-rated non-convertible debentures from reputed issuers.
Tainted Indian sports administrator Suresh Kalmadi has been made Life President of the Asian Athletics Association for his "work in the development of athletics in the continent" during his 13-year tenure as the head of organisation from 2000.
Retail investors may safely invest in shorter-duration funds, suggests Sanjay Kumar Singh.
Over the past decade, a change in consumer choice swept through the battery industry - the walkman lost its mojo, smartphones took over cameras and batteries were tucked away in remotes and wall clocks that hardly needed frequent call-ups. The result: Brand Eveready lost mind space. And the company's attempt to stick to the on-ground marketing activities didn't quite help. But Eveready, now at the cusp of change, is putting things right - a new Give Me Red television commercial has been launched after a gap of 7 years featuring an empowered bride ski-diving to her wedding venue. The creative, according to Eveready sources, is in sync with the brand doctrine.
At a closed-door meeting with global investors, the largest asset manager in the country boasted of its nearly Rs 37 trillion assets under management (AUM) - 16.6 times that managed by the second-largest insurer SBI Life. The numbers are as of March 31, 2021. The assets of LIC are 1.2 times the net assets of the entire Indian mutual fund industry, which had AUM of Rs 31.43 trillion as of March 31, 2021 (about Rs 37.3 trillion until November this year). The standalone assets that LIC manages are equal to 18.7 per cent of India's GDP and worth more than gross domestic product (GDP) of the UAE, Bangladesh, Malaysia, Singapore, Hong Kong, South Africa, New Zealand, and Pakistan.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
The RBI's financial stability report has on Wednesday highlighted the disconnect between the real economy and equity market yet again. The central bank observed that Indian equities were trading at rich valuations, with several metrics such as price to earnings multiples, price to book ratio, market cap to GDP and the cyclically adjusted P/E ratio, or Shiller P/E, at above historical averages. For instance, as on December 13, the one-year forward P/E ratio for India was 35.1 per cent, above its 10-year average, and one of the highest in the world.
Taking credit risks in shorter-tenure funds can help jack up returns considerably, boosting sales.
If you are buying a bond to cater to your regular income needs, check the interest distribution schedule.
Mandarin Oriental New York, the premium luxury hotel a subsidiary of Reliance Industries is acquiring, is known for its much-in-demand ballroom, five-star spa and eating and drinking venues, including MO Lounge. Liam Neeson and Lucy Liu are among regular guests. Set up in 2003, 248-rooms-and-suites hotel towering over Central Park is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.
As imports reduced, Eveready clocked significant volume growth in batteries.
India's largest public sector bank State Bank of India (SBI) will support Tata group's bid for soon-to-be-privatised Air India by subscribing to Tata Sons debentures or funding the special purpose vehicle (SPV) set up by Tata Sons for the acquisition. Bankers said the credit rating of Tata group's holding company is "AAA" signifying high safety and a combination of Air India with its existing airline businesses would make it a formidable player - leading to a duopoly market with IndiGo. It would also open many business opportunities, including in the retail segment, an official said.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
In a move that would help boost flow of overseas funds into Indian capital markets, regulator Sebi allowed FIIs to offer government securities and corporate bonds as collaterals for their cash and derivative transactions on the stock exchanges.
This is following revival of demand from the corporate sector and small and medium enterprises (SMEs), even as a nascent economic recovery is taking shape. Credit growth of scheduled commercial banks had accelerated to 9.2 per cent year-on-year (YoY) by the end of December 2021 after breaching the 7 per cent-mark in November, for the first time since April 2020.
Claim to be the biggest AAA fan? Find out if it's really true!
Notwithstanding the IOC ban on the country, India will host the prestigious Asian Athletics Championships in Chennai in July as the continental athletics body gave its go-ahead to the event, in Gurgaon on Saturday.
'He was a man of immense conviction.' 'Whenever I'd question him, he would say, "Leave aside your logic-wogic. Just do what I tell you".' '"Just trust me. It will work".'
Olympic 100 metres hurdles champion Brianna Rollins was handed a one-year suspension for failing to properly file whereabouts information for out-of-competition testing, the US Anti-Doping Agency said on Thursday.
Test your filmi gyan, right here!
Billionaire Mukesh Ambani's four-year-old telecom venture Reliance Jio has been ranked the fifth strongest brand globally behind the likes of Ferrari and Coca-Cola. The Brand Finance's Global 500 ranking of the strongest brands globally, which determined the relative strength of brands, is topped by WeChat, according to its annual report on most valuable and strongest global brands.
The downgrade reflects its opinion that the fiscal consolidation plan which Congress and the administration recently agreed to "falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
The US political system might not be as broke as some thought but the deal came a bit too late to allay apprehensions.
President Barack Obama on Monday strongly defended US credit after a historic debt downgrade by rating agency S&P and said America will always be AAA nation as its economic problems were 'eminently solvable', given the political will.
Out of 200-odd countries, just 16 nations have the coveted triple-A rating.
Eighteen months after the economy was battered by the Covid-induced lockdown, employment has not recovered to its pre-pandemic levels, points out Mahesh Vyas.
Tata group's hospitality firm Indian Hotels Company Ltd (IHCL) on Friday said its 'Taj' brand has been rated as the strongest hotel brand in the world. According to the 'Hotels 50 2021' report by Brand Finance, Taj topped the strongest brands list for having stood resilient in spite of the challenges posed by the pandemic, besides other achievements.
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
PSB executives said loans to group holding company IL&FS and entities might still be treated as "standard".
For the wealthy, post-tax returns of debt funds would work out better
'Investors need to find out how the FMP's assets are distributed and ensure the investments are in high-quality names.'
'40 years later, the world is still singing I Am A Disco Dancer.'
Through a notification, the CBDT amended Income Tax rules and inserted Rule 114AAA, stipulating the manner of making permanent account number inoperative.
NBFCs are mainly dependent on funding their operation from their own cash flows.
Anil Ambani and other promoters consolidated their stakes in REL to 52%.
After reading Amitabh Bachchan's tweet, Virat Kohli thanked the Bollywood star and called him an inspiration.
These ETFs will also carry interest-rate risk, especially the 10-year ETF. The investor can overcome this risk by holding them till maturity, suggests Sanjay Kumar Singh.