Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Noted banker Deepak Parekh on Thursday pitched for simpler corporate governance norms that focus more on trust than just compliance, saying economics and ethics are not trade-offs but complementary. Behind each financial crisis there is a governance failure but it is the entire system that gets impacted, because an eruption of a corporate or financial crisis almost always means a tightening of rules and regulations and increased compliance for all, he said. The HDFC chairman, who was addressing a seminar on corporate governance organised by former Sebi chairman M Damodaran's advocacy Excellence Enablers in Mumbai, stressed that the ultimate objective should be that corporate governance systems must become simpler and not more complicated.
The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.
As Sachin Tendulkar completes his 50th birthday, an A-Z listing about the 'Little Master'.
Deepa Gahlot picks 10 Web series that was worth the viewer's while.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
Who do you think should be part of India's playing XI for the Asia Cup match against Pakistan?
IMAGES from the Women's Premier League match played between Mumbai Indians and UP Warriorz in Navi Mumbai on Friday.
Cheteshwar Pujara missed out on a second successive double hundred but his 182 went a long way in Saurashtra piling up a mammoth 570 in their first innings against Gujarat on the second day of the Ranji Trophy.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
'A start-up with 100 people has reduced the strength to 60-80 people to reduce cost.' 'Even if there is attrition, they prefer not to replace them.'
The idea behind starting Chingari is not to build a TikTok clone but to position itself as a super app for India like WeChat.
'We are hoping that in three-four days we will surely get a positive result.'
'Chasing sectors which have reported strongest earnings is not always the right strategy for outperformance.'
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
They, however, conveniently forget to add the condition: so long as you add good margins to our business
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
'India is so poor that political parties will not be able to wipe out poverty from our country in another 100 years. I am of the opinion that development can come only through corporates.' 'Tomorrow, if Tata or Birla or Reliance takes up another 500 panchayats, it will boost the Indian economy also.' Sabu M Jacob, managing director of the Kitex group whose NGO Twenty20 has just won a panchayat election in Kerala, speaks to Shobha Warrier/Rediff.com
The Gujarat Titans captain registered match-turning figures of 3/17 to help his team outclass the Rajasthan Royals by seven wickets in the final at the Narendra Modi stadium in Ahmedabad.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
The boost from treasury income has helped RIL juice up its earnings at a time when the margins in its core refining & petrochemicals business are running low.
The Indian markets have seen a good run in the last three months with the S&P BSE Sensex rising around 7 per cent and the Nifty50 moving up 7.5 per cent. The next leg of the market rally from here on, analysts suggest, will be driven by a growth in corporate earnings over the next few quarters. That said, they do not expect material / sharp downgrades to India Inc's earnings estimates despite headwinds for the economy.
Despite the recent turmoil in the Indian markets after a scathing report on the Adani group from Hindenburg Research, American private equity major Blackstone is "bullish" on the India growth story and plans to invest more in the country's infrastructure and real estate projects. "We have a long-term view on India, as growth will be higher here. We have invested half of our Asia exposure in India. "Our extraordinary performance in India has made us bullish," said Jonathan Gray, president and chief operating officer of Blackstone.
If you have a budget of just under Rs 50,000, usher in the New Year with these beauties.
Investing heavily in a top-performing fund during good times can cause long-term pain. Don't invest lump sum at market peaks.
Valentine's day is nerve-wracking only because people make it so; stop putting pressure on yourself to make it perfect, suggests Ravi Mittal, CEO, Quack Quack, an online dating app.
With economic problems and job cuts, Hangzhou locals and people in other parts of China are not very pleased about hosting the Asian Games.
The Tamil film industry won't forget Vijayakanth's large-heartedness, how he took care of fellow industry persons, male or female, rich or poor, young or old...recalls N Sathiya Moorthy. How he sent money quietly for the family of a stunt artiste to meet his funeral expenses, how he always ensured that all female co-stars, including junior artistes, had secure accommodation on outdoor shoots, and how he would always the first to rush help if anyone from the fraternity was in distress.
The country would see more economic progress if the private sector was left to run business without government interference, Infosys founder N R Narayana Murthy has said at the Jaipur Literature Festival.
A hotel in 1975, entry into paperboards in 1979, India's dominant cigarette maker, ITC, read the tea - or tobacco - leaves early, leveraged its enterprise strengths and stepped up the diversification agenda to create multiple drivers of growth. Some failed, some faltered, some were transformational, adding steadily to the top line. Now those efforts are making a difference: margins from non-cigarettes - FMCG, hotels, agri, paperboards, paper and packaging - are expanding and profits are kicking in more significantly than ever before.
Only NIIF has stayed the course as a viable infrastructure financing institution.
Larger firms feel that the smaller players have muddied the waters for the IBC process, leading to excessive regulation of resolution Professionals.
The IOC had stripped the IBA in 2019 of its involvement in last year's Tokyo Olympics due to governance, finance, refereeing and ethical issues. The sport was also not included in the initial programme for the 2028 Los Angeles Games.
IMAGES from the Champions League matches played on Tuesday.
IPL 2022's runners up Rajasthan Royals have managed to keep their core team intact with more than a decent set of match-winners at their disposal.
The year 2015 was quite eventful with plenty of automakers making news with either new models or facelifts of their existing models.
Batting sensation Shafali Verma will chase history when she leads India against England in the first-ever ICC Under-19 Women's T20 World Cup final on Sunday.
'It will be best for investors to have a systematic investment plan in mid-cap and small-cap funds with a three-/five-year horizon.'
Round-up of Ranji matches played on Tuesday.
These are the best value for money bikes in terms of the money they save by using less fuel to run longer distances
