Select markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange and money market will remain closed on Thursday, on account of Ambedkar Jayanti.
The UFBU is an umbrella body of nine bank employees unions of the country and claims to have members from public, private and foreign banks. "We are on strike from today as Indian Banks' Association did not concede to the bank unions demand for the wage hike," said United Forum of Bank Unions convener C H Venkatachalam.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
The Bombay Stock Exchange, National Stock Exchange, Foreign Exchange, Money market and the oils and oilseeds market will remain closed on Friday on account of Id-ul-Zuha
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
Select markets like Bombay Stock Exchange, National Stock Exchange, foreign exchange and money market will remain closed on Friday, April 9, on account of Good Friday.
The Federal Reserve chairman highlighted the recent recovery in consumer spending and said there were "signs of bottoming" in the housing market.
HNI equity folios up 46% in the first half of FY15.
Select markets such as the Bombay Stock Exchange, the National Stock Exchange, the foreign exchange and the money market will remain closed on Friday
Govt's divestment plans encourage funds to bet big on state-owned firms.
12 important facts every mutual fund investor must know.
In other debt-oriented funds, retail assets jumped from about Rs 45,000 crore to Rs 64,000 crore.
The fact is, not all funds are the same. There are various aspects within a fund that an investor must carefully consider before short-listing it for making investments. In this article we highlight some of those aspects.
The central bank has, so far, cut its repo rate by 125 bps.
This works only for longer-tenured ones such as income funds, as the element of interest rate risk is reduced.
The forex and money markets will remain closed on Friday on account of 'Buddha Purnima'.
Several markets, including commodity, foreign exchange and money markets will remain closed on Tuesday on account of 'Maha Shivratri'.
Amid lowering of bank deposit rates and falling yields from traditional investment vehicles like gold and real estate, investors are fast shifting to financial assets. The MF sector is emerging a clear beneficiary of this trend.
The reality is that this is an unprecedented time, and the environment far murkier than usual. While a trading rally is clear, it is to my mind premature to make any statement beyond that. While it is probably dangerous to have very high cash levels, I find it difficult to be fully invested, either, says Akash Prakash.
Total MF investments in debt papers like certificate of deposits, commercial papers and collaterised borrowing and lending obligations stood at around Rs 184,000 crore at the end of February. Industry experts said that by March-end, this corpus had depleted by over 50 per cent. "The industry would have lost around Rs 1 lakh crore as banks and institutions redeemed their investments during the last week of March," said Jaideep Bhattacharya of UTI Asset Management Company.
If you're looking at saving for a rainy day, and hope to have a steady stream of income when you retire, then the Monthly Income Plan might be just the ticket.
The move comes within months of a crisis at JPMorgan Asset Management Company.
The Bombay Stock Exchange and the National Stock Exchange will remain closed on Thursday, it was officially announced.
Funds dry up owing to liquidity crunch, high debt.
Finance Minister Arun Jaitley on Sunday said there is no 'disconnect' between the two.
It will take a big change in economic policy and very radical, coordinated action among all advanced and emerging-market economies to avoid disaster.
Bombay Stock Exchange and the National Stock Exchange, Forex and money market will remain closed on Thursday, February 13, on account of Id-ul-Zuha.\n\n
Domestic fund houses, which are yet to recover from huge redemptions in October, will have to gear up for another round of outflow in the New Year.
Several major markets including the Bombay Stock Exchange, the National Stock Exchange, Foreign Exchange and the money market will remain closed on Tuesday, March 2 on account of 'Muharrum'.
The benchmark BSE Sensex could dive to 22,000 levels by end of the current fiscal.
Select markets including the Bombay Stock Exchange, National Stock Exchange, foreign exchange, money market, oilseeds and spices will remain closed on Monday, February 2 on account of Id-Ul-Zuha (Bakri Eid).
'Election years tend to see high government expenditure on unproductive schemes, though that money sloshing around can boost private consumption.' 'Again, it can mean higher inflation,' explains Devangshu Datta.
Money funds represent less than 5 per cent of broad money supply in India, Canada, Korea and Taiwan.
Select leading markets like Bombay Stock Exchange, National Stock Exchange, forex and money market will remain closed on December 25, on account of Christmas.
Sebi is planning to fast track mutual fund products. This move will speed up the approval process and help fund houses to cater to investor demands.
Today, they can't meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business. Bulk of the trades are put through e-platform offerings of Reuters, Bloomberg, JPMorgan, Barclays or Deutsche Bank. And they have the web-based FXall, FXconnect, Atriax, Hotspotfx and LavaFX for company.
An FMP offers the advantage of lower tax in comparison to a bank FD.
While the Fed and the ECB slash and raise rates when needed, the RBI seems to move in just one direction.
All principal markets in Mumbai including, the Bombay Stock Exchange, the National Stock Exchange, Foreign Exchange, money market, bullion, oils and oilseeds, grains, pulses