News for 'Principal Pnb Asset Management Company'

PNB, Vijaya to take IDBI stake in AMC

Avoid these ELSS investment mistakes for higher returns

When looking at fund returns, avoid looking at just the past 12 months' performance, says Sanjay Kumar Singh

UTI MF issue size likely to be up to Rs 4000 cr

The IPO is an offer for sale of 38 million shares by SBI, BOB, LIC, PNB and T Rowe Price. Barring T Rowe and PNB, the others are selling stake to comply with Sebi norms.

Rupee falls to its weakest in 2 months

The previous bout of Fed withdrawal fears had threatened to spark a crisis of confidence in India -- sending the rupee to a record low of 68.85 in late August and leading to steep falls in bonds and stocks.

Don't panic about news of impending Fed rate hike

Markets now expect the Fed to normalise rates gradually.

The blind spot on India's biggest banking whodunit

The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.

Of Welspun, Cyprus and the FEMA conundrum

The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.

2018: Year of reckoning for India Inc

A glance back at some of the important ups and down Indian Inc faced in 2018.