In a first, the government has made it mandatory for interested buyers of IDBI Bank to provide details for security clearance from the Ministry of Home Affairs (MHA) in the first stage of the bidding process. So far, in all instances of CPSE privatisation, the government would seek details regarding security clearance of the bidders at the second stage of the bidding process. This meant that bidders who qualified in the first or the Expression of Interest (EoI) round, were required to seek security clearance from the government while placing their financial bids.
'Investors should ideally consider equity allocations from a medium-to-long term perspective.'
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
India along with major world economies is participating in the first-ever global meeting being held here to discuss and evolve mechanisms to combat the clandestine and largely undetected terrorist financing network of the Islamic State terror group.
Gross inflows into active equity mutual fund (MF) schemes dipped 34 per cent month-on-month (MoM) -- to Rs 25,400 crore -- in April as investors applied brakes on lump sum investments amid a sharp upwards movement in the market. Gross inflows for March stood at Rs 38,641 crore. The sharp decline pulled the net inflows to a five-month low of Rs 6,480 crore, shows data released by the Association of Mutual Funds in India (Amfi).
'The first duty of the government is to learn lessons from a bad experience and course correct. It's a pity that the government is making policy without looking at evidence and differentiating between immediate and urgent.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The affordable housing segment may be seeing an uptick which is a good sign of consumption momentum. This is the biggest-ticket purchase for middle income and lower income families. The current activity is at least partly driven by a pause in interest rate hikes.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
'There is no reason why we should break this business up.'
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Just because you don't see them does not mean they don't exist.' 'The greatest risk is overconfidence.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Indian women's hockey team launched an 18-day fun fitness challenge starting on Friday to raise funds towards helping the poor and migrant families whose lives have been affected due to the coronavirus pandemic. While the challenge aims to raise crowdfunding for the cause, the movement also encourages people to use this opportunity to adapt to an active lifestyle during the nation-wide lockdown that has been extended till May 3, 2020.
State Bank of India (SBI) and Macquarie Capital Group said on Wednesday they intended to raise a new $2 billion fund that would invest in direct infrastructure investment opportunities in India.A memorandum of understanding was signed by SBI and Macquarie to manage the proposed fund. The International Finance Corporation (IFC), as one of the fund's cornerstone investors, will also have a stake in the proposed fund management company.
India's shift towards US companies for technology investments and partnerships fits well with the present government's 'Atmanirbhar Bharat' and 'Make in India' initiatives, say experts.
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Upbeat on the rapidly evolving entrepreneurial environment in the country, Cisco has created a $40 million (over Rs 240 crore) fund, a first by the networking solutions giant in any of its present geographies.
Experts believe that one should not allocate more than 5-10 per cent of one's equity portfolio to international funds.
Finance Minister Nirmala Sitharaman on Tuesday asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. "I want the banking system, the financial ecosystem including the mutual funds, stock markets to keep in mind that when someone deals with his (customer's) money, the organisations will have to think about the future and ensure that customers nominate their heirs, give the name and address," Sitharaman said speaking at the Global Fintech Fest (GFF) in Mumbai. According to a report, the banking system alone has more than Rs 35,000 crore of unclaimed deposits, while the overall quantum of the unclaimed money is said to be more than Rs 1 lakh crore.
'We all face challenges in life. It's our approach towards them that absolutely decides what you become.'
'The current launch is a sounding rocket, this cannot be called a milestone. The importance is this is for the first time a private player is doing it.'
PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.
Soumendra Nath Lahiri, senior VP, Equities, at DSP Merrill Lynch, says that they have maximum midcap exposure to media and IT in Opportunities Fund. The company has increased exposure to Mastek and Deccan Chronicle, he adds.
Diwesh Sharan, a deputy director general of ADB, says beside the PPP model and viability gap funding, there is a 3rd option - value capture - to raise funds for India's ambitious infrastructure projects.
These funds give the wealthy an option to invest in strategies that other equity products like mutual funds and portfolio management services cannot, says Nishant Agarwal.
Sachin and his wife Anjali talked charity and philanthropy with Gates and the Indian cricket legend posted photos of their meeting with the tech giant on his Twitter handle.
They discussed at length India's rapid progress in the space sector, including various space exploration missions being undertaken by India, the Ministry of External Affairs said in a press release.
'It's vital that over the next 10 years, that India, the US and the Artemis Accords family of nations come together to ensure that we not only return humanity to the moon, but that we build the technology that will allow us stay there permanently.' 'And then go on to Mars.'
Get more people working, get more people working in modern manufacturing and services in our cities, and get people working better and longer, suggests Naushad Forbes, past president, CII.
If you are interested in working with OpenAI, feel free to email Sam Altman. In a free-wheeling fireside chat with university students on Thursday in Delhi, the CEO of OpenAI and his team seemed eager to welcome bright young IT practitioners of India into the OpenAI work space. Asked about the steep degree requirements for applying to tech giants such as Microsoft and Google, Altman said that his company was open to hiring undergraduates and even college drop-outs.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
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