On a daily basis, AMCs are required to disclose the Total Expense Ratio of all mutual fund schemes except infrastructure debt fund schemes on their respective websites.
Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan.
The Supreme Court on Friday upheld the validity of e-voting process for the winding up of six mutual fund schemes of Franklin Templeton, and said disbursal of funds to unit holders will continue.
The approval for provisioning of Rs 20,000 crore as subordinate debt to provide equity support will benefit 2 lakh stressed MSMEs.
While planning for retirement, the key is to let your money be idle, says Amar Pandit.
'The distrust of traditional political parties in Punjab is an advantage for AAP.'
Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Tax Guru Anil Rego answers your personal income tax queries.
With gold prices rising and debt holding steady, fund houses have launched multi-asset funds for passive customers who are not so nimble while churning their portfolios.
Stemming from the default of IL&FS in September, on various debt instruments including commercial papers, bonds and loans, the financial sector has been facing a liquidity crunch for the last eight to ten weeks.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Amtek Auto was among the first list of 12 companies which were referred by the RBI in 2017 to respective banks for initiation of insolvency process for defaults.
With just a few days left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely. An extension may not be economically desirable as it hampers the restructuring prospects for stressed companies, according to senior officials. Also, it would be a challenge to amend the law in such a short time. A Bill would have to be passed in both Houses of Parliament, if any change, with respect to suspension of Insolvency and Bankruptcy Code (IBC), is to be made - including extension or creating any exceptions to the rule.
US President Barack Obama early this morning signed a bill into law to end a disruptive 16-day government shutdown and increase the current debt ceiling of $16.7 trillion to prevent the country from a debt default with potentially worldwide economic repercussions.
Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors.
Naidu's son and state Information Technology Minister Nara Lokesh declared the family's assets on Wednesday.
Investors must, however, be prepared for volatility in ELSS, cautions Sanjay Kumar Singh.
Investors across age groups and risk appetite can invest in these schemes.
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
Joe Biden's B3W proposal aims to bring democracies together. India should come up with its own plans to contribute to the initiative, states Rahul Mishra.
'A subscriber will know exactly how much of his money is in debt and how much in equity.'
Gujarat Deputy Chief Minister Nitin Patel on Monday said he was not unhappy with the Bharatiya Janata Party's decision to select Bhupendra Patel as the state's next chief minister, soon after the CM-designate met him at his residence in Ahmedabad in the morning.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The bullet train project has faced stiff opposition from farmers and tribals whose lands are to be acquired.
'Do some profit booking and bring your equity allocation back to its original level.'
'Banks, fund managers, NBFCs, rating agencies, those buying into debt funds -- all of them will have to watch their step as India's financial system enters a new phase,' warns T N Ninan.
Chinese stock markets have slumped 30 per cent since mid-June.
Bansal has picked up a majority stake in Chaitanya Rural Intermediation Development Services, a company which runs microfinance institution Chaitanya India Fin Credit.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.
'We built it in the last three years and then one day, they came and they said you have to close it'
NBFCs are mainly dependent on funding their operation from their own cash flows.
Most of the 400,000 Pentagon staff sent home amid the US government shutdown have been ordered to return to work even as the deadlock over the federal budget between Republicans and Democrats entered its sixth day on Sunday.
'When people who ignored us, when relatives who have not spoken to us for a long time, congratulated us, it was a proud moment for my mother.'
Among other things, the company is considering monetising the Global Village tech park located off Mysore Road in Bengaluru, for which private equity major Blackstone was said to have shown interest.
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
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