PFRDA will invite bids to appoint pension fund managers.
The transformation will be driven by the number of initiatives the company has identified.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
Besides, non-promoters with more than 10 per cent stake in the company would also be allowed to tap the OFS route.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The assumption that money drives performance is dated.
Insurance behemoth LIC on Tuesday said it has garnered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions ahead of its mega initial public offering (IPO). Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to exchanges. Out of the allocation of about 5.9 crore shares to AIs, 4.2 crore shares (71.12 per cent) were allocated to 15 domestic mutual funds through 99 schemes, the filing said.
Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
Indrajit Gupta believes the edit team was forced out because it had become more vocal in demanding ESOPs that were expressly promised in their appointment letters in 2008.
The clarifications came directly from the board of directors.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
SpiceJet has cut costs to turnaround the carrier in a year's time.
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
The abolition of wealth tax is again a welcome step.
Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
With a strong plan in mind, Public Provident Fund can become an important and strong part of your investment, says Naval Goel.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
A friendly working environment, special healthcare facilities, flexible work hours, work from home options, support and camaraderie among the team members keep employees highly motivated in these 10 companies.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
After taxpayers file returns, IT department checks them.
You can still save money, says Samkit Maniar
The Labour Ministry has relaxed investment norms for retirement fund manager EPFO, but refrained from allowing the body to invest a part of its huge corpus of around Rs 5 lakh crore in equity markets.
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
A mistake here can prove costly.
Arun Jaitley had a tough fiscal hill to climb.
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
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