'It's advisable not to go overboard on a banking sector fund or any other sector fund.'
Ending days of suspense, the Reserve Bank on Wednesday granted banking licences to infrastructure financing firm IDFC and microfinance institution Bandhan from among 25 applicants that included corporate heavyweights ADAG Group, Aditya Birla Group and Bajaj Group.
Healthcare services remained affected at state-run hospitals in West Bengal as junior doctors continued their cease-work protest.
To celebrate the special bond siblings share on the occasion of Raksh Bandhan, we invited readers to share special moments they've spent with their brothers/sister. Here are some of the responses we received. Share yours!
One should not allow politics to enter home, Pawar, who is currently on a statewide 'Jan Samman Yatra', told Marathi news channel Jai Maharashtra.
HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.
As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay.
Declaring that 'enough is enough', President Droupadi Murmu on Wednesday said it is time for India to wake up to the 'perversion' of crimes against women and counter the mindset that sees women as 'less powerful, less capable, less intelligent'.
MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
'Even if we have laws in place, which we must, we need a societal change.' 'Rather than telling our daughters that, "Listen, leave your house at so and so time, come back by so and so time," we must tell the men and boys that "Whatever point of time you encounter a woman in public space or wherever, you treat her with respect, dignity, and as an equal participant in these public spaces".'
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
Sebi is reportedly examining the matter internally and has reached out to the fund house on the matter.
rediffGURU Sunil Lala answers your personal finance-related queries.
Leading stock exchange NSE has tweaked the constituents of its major indices with Adani Group's two companies -- Adani Wilmar and Adani Power -- all set to make their way into some of the Nifty indices from March 31, 2023. Adani Wilmar will be part of Nifty Next 50 and Nifty 100 indices, while Adani Power will be included in Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices. All the changes in the indices will be effective from March 31 this year, the exchange said in a late night statement on Friday.
rediffGURU Ulhas Joshi answers your mutual fund queries.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
While selecting a smallcap scheme, go with one that has a good track record and a stable fund manager.
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
Mutual funds (MFs) have lined up information technology (IT) funds, indicating that technology stocks are back on fund managers' radar after a hiatus. Over the past 18 months, stock prices for companies in the software space have either corrected or remained subdued. Fund houses have launched five IT-based sectoral funds in the past three months, with three of them taking the passive route.
Ahead of the crucial third round of discussions, the opposition INDIA bloc on Wednesday exuded confidence that it would provide a formidable alternative to bring political change in the country and asserted that it has several prime ministerial faces against BJP's only one.
With Onam and Raksha Bandhan just around the corner, the festival season is ready to kick off in full swing. As people embrace the celebratory spirit, companies anticipate a surge in sales this year. Consumer durables firms are expecting strong growth of 40-50 per cent in the premium segment during the upcoming season. Appliance makers also foresee increased demand for cooling appliances - refrigerators and air conditioners - which were impacted by unseasonal rainfall.
The contrast between the two meetings couldn't have been more stark, yet, both were organically linked, the latter a show of support for the former.
Akshay promotes Raksha Bandhan... Suhana-Agastya on a dinner date... Alia promotes Darlings...
Do you have financial planning queries? Ask rediffGURU Abhishek Dev.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
'If you have only one hit out of 100 movies in a year, it is death for Bollywood.'
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
Tata AIG, ICICI Lombard and Nippon Life have evinced interest for the profit-making insurance arm of Reliance Capital (RCap), joining several prominent financial companies from India and abroad in the race for RCap's assets. The final day to submit an expression of interest (EoI) was March 25 and the bidders will now get access to the latest information about RCap before they make financial bids.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
'What more can I ask for?' 'Salman and Ranbir Kapoor know how to respect their seniors.'
Emphasising that various issues are on agenda at the G20 under India's leadership.
Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.
Not all public sector banks are back in the black, but their collective net profit for the year is Rs 32,346 crore against a Rs 9,013 crore loss in the previous year, points out Tamal Bandyopadhyay.
Are we teaching our children or are they teaching us? Divya Nair, mother of a little boy, wonders.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
