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As shares plunge, Adani FPO subscribed only 1% on opening day

A follow on share sale of Adani group's flagship company was on Friday subscribed just one per cent on the opening day as shares plunged after a scathing report by a US short seller. Photograph:......

Why the 'sponsorless' mutual funds could be a good idea

The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. Illustration: Uttam Ghosh/Rediff.com One......

Change Of Guard At Banks, LIC In 2023

Major state-run financial-sector players like the country's largest lender, State Bank of India, and the largest life insurer, Life Insurance Corporation, are likely to see a change of the guard......

How a tortoise made due diligence process NPA-free

Only NIIF has stayed the course as a viable infrastructure financing institution. Illustration: Uttam Ghosh/Rediff.com Started in 2015, the National Investment and Infrastructure Fund Limited......

Persistency ratio must improve for life insurance customers: India Inc

In order for life insurance customers to attain maximum benefits, it is crucial for the persistency ratio to be far higher than its current level, top executives of the industry said at the......

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