Securities and Exchange Board of India (Sebi) has tweaked the benchmarking norms for mutual fund (MF) schemes in a bid to bring more uniformity. The regulator has introduced a two-tiered structure for benchmarking of schemes and all the benchmarks followed should be total return index (TRI). According to the circular, the first-tier benchmark shall be reflective of the category of the scheme, and the second-tier benchmark should be demonstrative of the fund manager's investment style or strategy within the category.
A five-judge Constitution bench headed by Justice KM Joseph asked the mobile messaging app to give advertisement in five newspapers to publicise its undertaking given to the government.
Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, revenue secretary Tarun Bajaj said on Wednesday. Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.
Gianni Infantino wants the world to 'focus on the football'
Chandrakant Pandit is ready to mould himself within permissible limits when he dons the hat of Kolkata Knight Riders' head coach in IPL 2023.
Shah Rukh had outgrown the roles that made him a star -- the menacing, obsessive lover in Darr, the regular guy in Kabhi Haan Kabhi Na or the new age boyfriend in Dilwale Dulhania Le Jayenge. By the time he entered his 50s, he was struggling to find his feet, explains Vanita Kohli-Khandekar.
'Children should be told that if they receive porn on their phones they should inform their parents or teachers who should in turn contact cyber crime.'
Former Nepalese foreign minister Ramesh Nath Pandey observed that the current situation is not encouraging for India-Nepal ties, saying the "present leaders" created irritants in the relationship in the past.
The development came as the Thackeray-led party is reeling under the impact of Eknath Shinde's rebellion and the loss of power in Maharashtra.
'Political narrative in our country today is tilted towards Hindutva orientation and so Kejriwal becomes very dangerous to the BJP.' 'For them, he is a leader to watch.'
Today Shanghai is recognised as China's smartest city as well as its financial capital, its industrial heartland, its fashion centre.
Chairman M Venkaiah Naidu has expressed disappointment saying "obstruction is destruction of parliamentary democracy".
A top leader of the ruling Communist Party has asked China's over 25 million Muslims to "uphold the banner of patriotism" and reorient Islam to adapt to Chinese conditions, amid Beijing's diplomatic offensive to counter a damning UN report accusing it of serious human rights violations against Uygur Muslims.
There are lessons for the Congress to learn from the Karnataka elections of how burying the hatchet among top leaders and not washing dirty linen in public can help, says Ramesh Menon.
Later in the day, Flipkart condemned the attack and said it has blacklisted the seller from its platform and is extending all support to the probe agencies.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries about HEALTH insurance and AUTO insurance.
Throwing his party's weight behind the Congress to ensure an Opposition win in the 2024 Lok Sabha polls, Dravida Munnetra Kazhagam president and Tamil Nadu Chief Minister M K Stalin on Wednesday said arguments by some favouring a front without the grand old party should be rejected.
PM has approved of the Union Budget, as it ensures growth and price stability.
Director Vasanth talks about Cool Ganesha and what it takes to direct a comedy.
The best possible way to deal with job uncertainty is accepting the fact that it could happen to anyone and if it does, then it is important to work on a multi-pronged strategy on how to get through it in the best possible manner, advises Sumit Sabharwal.
To threaten China and Pakistan, and then to sharply cut back on military funding, bespeaks a remarkable trust in Beijing and Islamabad that is not borne out by anything they say or do, notes Ajai Shukla.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
When was the last time we heard this government speaking of the disaster in primary education, rather than Ganga cruises and cheetahs? Less money -- Rs 88,000 crore -- was spent by the Union government on education in its last Budget than has been allocated to the Bullet train, notes Aakar Patel.
Many investors want to exit equities now and re-enter when they begin to rise. Such timing is difficult to pull off.
'The BJP's real weapons are Hindutva, organisation and finance.'
Better learning for all students worldwide is vital because economic growth, better development, and significantly less poverty depend on the knowledge and skills that people gain, not the years spent in a classroom, it said while launching its education strategy for the next decade.
India's G20 priorities will be shaped in consultation with not just our G20 partners, but also our fellow-travellers in the global South, whose voice often goes unheard, he said.
The real requirement for the finance minister's explanatory speech is to explain the measures taken in the Budget to influence inflation and growth not just through the announcement of a deficit goal, but more broadly through the impact on money supply, consumer demand, foreign trade and investment, explains Nitin Desai.
Ms Usha may soon discover that winning four gold medals at the Asian Games and qualifying for the Los Angeles Olympics is a walk in the park compared with the challenges of stabilising governance at the IOA, observes Kanika Datta.
To promote low-cost housing, this Budget proposes to extend the existing one per cent interest subsidy for a loan up to Rs 10 lakh for a house costing not more than Rs 20 lakh to apply for a housing loan up to Rs 15 lakh for a house costing up to Rs 25 lakh.
The court of CBI special judge N D Joshi on Thursday sentenced then Squadron Leader Anoop Sood and Sergeants Anil K N and Mahendra Singh Sherawat to life imprisonment, a release issued by the CBI stated on Friday.
The country's oldest stock exchange BSE has also embarked on a search for a chief executive and managing director as the incumbent Ashish Kumar Chauhan's term has ended. The move comes at a time when its bigger rival NSE, which controls a large part of trade volumes in the country, has also initiated a similar process for its chief. Interestingly, some reports mention that Chauhan is in the race to take over the corner office at NSE.
As the posters suddenly sprang up in Kumbakonam, the VCK members staged an agitation demanding stringent action on the Indu Makkal Katchi for their affront on Ambedkar.
Chastened by the Kargil conflict, Pervez Musharraf will be remembered for gradually lowering the profile of terrorism and seeking a realistically negotiated settlement to the issue of Jammu and Kashmir, notes Ambassador G Parthasarathy, who served as India's high commissioner to Pakistan when Musharraf seized power in a coup in October 1999.
A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.
Following a year of pandemic prompted no-show and another of backlash for its staggering lack of representation, the Golden Globes felt more atonement than awards ceremony in its 80th iteration.
England's leading pacer Jofra Archer, who was bought by Mumbai Indians for a whopping Rs 8 crore despite his unavailability for this year's IPL, said the team's "close-knit, family-oriented" structure makes him feel "safe" as a new entrant.
Two Indian Americans -- Congressman Ro Khanna and Vijaya Gadde -- prominently figure in United States President Joe Biden's son Hunter Biden's laptop story whose full disclosure Twitter CEO Elon Musk has announced would be released on the microblogging site.
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