As many as 56 firms collectively mopped up Rs 17,283 crores through IPOs during the April-September period of 2016-17.
The Centre's decision to not reduce the face value of shares of India's Crown Jewel - Life Insurance Corporation (LIC) - was taken to make shareholders feel they are acquiring something 'precious'. The face value of LIC's shares was retained at Rs 10, quoted in the draft prospectus, as it would also align the insurer's shares with those of its private sector peers. Even as the LIC Act was amended to "consolidate or reduce the nominal or face value of the shares", with the Centre's approval, it was decided to stick to the current face value of shares at Rs 10 without splitting the existing 6.32 billion shares.
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
In the 52 newly listed companies since 2014, fund managers have a total investment of a mere 2.5 per cent of their assets under management.
Add a term plan with a child mutual fund for best results.
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
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.
Gains in financial shares capped further downslide.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
A total of 25 companies raised Rs 28,220 crore during the financial year.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
During the current financial year, 25 companies have raised Rs 28,220 crore through IPOs
Equity-focused schemes may perform better in a bull market, while debt-oriented ones may offer greater stability during volatile periods.
The mutual fund (MF) industry has seen a fair number of new entrants in the last 10 years but none of them have proved to be much of a challenge for the larger players. The list of top 20 fund houses, which manage over 90 per cent of the industry's total assets, continues to be dominated by players who have been in the business for more than a decade. Bajaj Finserv MF may change that, say experts.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
ICICI Bank puts up a good show in Q4.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
If a retail investor wants exposure to a healthcare ETF, it should be a part of his satellite portfolio, suggests Sanjay Kumar Singh.
If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
The online world is driven by convenience, simplicity and speed.
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
The exploration company will buy back shares from January 23 and extinguish them.
Sensex ended strong, Tata Steel, HUL climb higher.
Rakesh Kaul, CDO, Edelweiss General Insurance, answers your health insurance queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July
'The IPO window has been more or less open since the new government in 2014.'
Wondering if you did the right thing with your mutual fund investments?
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