The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
There is so much liquidity in the system, in the global economy, and that's why the stock market is very buoyant. It will certainly witness correction in the future: RBI's Das.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
Shares in the Dutch club, in contrast, surged to a record high as it advanced to the semi-final of the lucrative competition for the first time since 1996/97.
The special March issue which marks the first anniversary of the Indian edition of the magazine, also features a special section on A R Rahman's Oscar feat, and the band US, whose 12 studio album releases this month.
Stage eight winner Nans Peters had long crossed the line when fellow Frenchman Thibaut Pinot's ordeal ended after the Groupama-FDJ rider, highly fancied to become the first local winner of the race in 35 years, had been dropped in the second ascent of the 141-km trek through the Pyrenees.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
I would advise at least a 7 year investment time frame for Equity Investing
Wondering if mutual fund investments can earn you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
Both are four-star, diversified equity, tax saving funds that have been around for more than eight years. Interestingly, both had fund manager changes this year.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
R Sukumar of Franklin Templeton Invetments (India) continues to be positive on the longer term prospects of the market although he feels that rising interest rates and inflation could pose as a problem in the short term.
About 24 fund houses saw a decline in their debt AUMs in the past one year.
ICICI Securities picks the five best mutual funds for investors to look at. The best picks are schemes that one can invest in with a long-term horizon, says ICICI Securities.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Cate Campbell of Australia won gold in the women's 100 metres freestyle at the world championships in Barcelona on Friday.
Presenting the best looks from the David Jones' Spring Summer collection.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Each Round of 16 game was entertaining. Laxmi Negi/Rediff.com picks the games to remember.
Last October's circular meant that downstream investment by such funds by way of subscription or acquisition of shares would have been considered "indirect foreign investment" if their investment manager or sponsor is owned or controlled by a non-resident. The finance ministry has now said that mutual funds that invest more than 50 per cent in equity shall be omitted from the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
'It's a big emotion because I've won on the Tour. I haven't won (a race) since the start of the season. It's great to make it. It was tough but I'm super happy to have won.'
A vacation bench of Justices Vineet Saran and BR Gavai said that the directions of high court passed on May 17 shall not be treated as directives but an advice to Uttar Pradesh government.
That a golfer could be under pressure to win a major at the age of 18 has been one of the LPGA Tour's more absurd talking points this season, so Lydia Ko was naturally delighted to torpedo the debate with her victory at the Evian Championship.
Manish S Shah, from Doha, Qatar, tells us how he made the most of the lockdown.
America's teenager Missy Franklin dominated the headlines last week. Also Barcelona's 'soccer clinic' for peace garnered enough attention. But what caught us unaware was mixed martial arts. Rediff.com gives a quick tour through BEST Photos of the Week!
Meb Keflezighi became the first U.S. male athlete to win the Boston Marathon in three decades on Monday, the first running of the race since last year's fatal bombing attack.
Five wickets from left-armer James Franklin inspired New Zealand to a seven-wicket victory.
Prime Minister Narendra Modi is all set for his second visit to the United Arab Emirates starting Friday as part of his West Asia trip which will also cover Palestine and Oman. Ahead of his visit to the UAE, the prime minister had an offbeat interview with Gulfnews (external link) during which he divulged details about people who inspire him and about his travels. Here are some key takeaways from the interview.
Olympic champion Ruta Meilutyte of Lithuania set a European and world championship record in the heats for the 100 metres breaststroke in Barcelona on Monday.
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