Modi's Diplomacy Needs To Get More Done

One must wonder whether Mr Modi's efforts to wine and dine the Big Two of today's world were seen as a sign of weakness rather than a proffered arm of friendship, points out R Jagannathan. IMAGE:......

Banks may not require RBI nod for floating arms

For commercial banks to float subsidiaries, approval from the Reserve Bank of India (RBI) may not remain mandatory, according to highly placed sources. Photograph: Ajay Verma/Reuters However, if......

Sebi cracks down on new funds, asset managers chafe

When Franklin Templeton's India unit wanted to launch a mutual fund that would switch allocation among stocks, bonds, gold and money markets, the Securities and Exchange Board of India baulked,......

Mutual funds' cash holding fell in Sep amid decline in inflows

Cash holdings of equity mutual fund (MF) schemes moderated in September amid a slowdown in fresh inflows. Illustration: Dominic Xavier/Rediff Equity MF schemes held cash worth Rs 1.76 trillion at......

Near-term positives priced in for HDFC Asset Management Company stock

HDFC Asset Management Company (HDFC AMC) reported a healthy profit after tax (PAT) of Rs 430 crore for the July-September quarter (Q2) of financial year 2023-24 (FY24). Illustration: Uttam......