Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
Bupa and Axa have already declared their intention to raise stakes.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Keki Mistry, vice chairman and CEO, HDFC tells Joydeep Ghosh and Chirag Madia that unlike some other players it never went for excesses and never took unreasonable risks.
Because of local and global problems, inflation pressures may continue, helping these schemes perform better.
Since there are many and complicated choices, retail investors stand to benefit
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
PMAY-Gramin, which was launched in November 2016, aims to construct 10 million homes by March 31, 2019, with private sector and state government participation
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
In a chat on rediff.com, Feroze Azeez offered valuable tips.
Parekh ensures that he never forgets the importance of correctness.
They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
Consensus continues to be cautious with analysts pointing towards tougher days ahead
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
Banks have issues with their balance sheet profiles, say PSB executives.
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
If the view is that rupee will depreciate, hedge your exposure by using forward cover
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Stick to export-focussed plays, large-caps, say analysts
Financials emerged as the top gainers while auto shares rallied on robust September sales
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
Asset financing firms are still witnessing subdued demand and meaningful recovery is likely only in FY16, the report said.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Balanced funds are suitable for investors who have low-risk appetite or are new to equities.Those with more than seven-year investment horizon should look at funds that have higher equity exposure.
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