'Investors should continue to invest because you are looking at the long-term; in the next four to five years, we are bound to outperform (the rest of the world equity markets).'
Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 15,272 crore from maturities, coupons and pre-payments since closing down in April 2020. The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market.
The incident happened while the Kochi-bound Boeing 737-800 aircraft was taxiing and after the warning, the passengers were evacuated as a precautionary measure, the source said.
A simulated security scare situation was created wherein four "terrorists" entered the RSS building, the official said late night.
Overall, the budgetis positive for the Consumer Durables & Electronics Industry.
Buying or selling securities based on rumours about expected changes in tax rates or sectoral sops can backfire, advises Sarbajeet K Sen.
A government school teacher-turned Lashkar-e-Tayiba terrorist was arrested for allegedly carrying out multiple blasts, including one in a bus carrying Vaishno Devi pilgrims, with the intention to damage communal harmony and revive terrorism in the Jammu region, J-K Director General of Police Dilbag Singh said on Thursday.
Finance Minister Nirmala Sitharaman's Budget speech on Wednesday was marked by the usual thumping of benches by the ruling alliance members, but the loudest cheer was reserved for her announcement of income tax relief, which was welcomed by 'Modi, Modi' chants in Lok Sabha that also witnessed a few instances of protest by the Opposition.
These could include strengthening the public-private partnership (PPP) dispute resolution mechanism, uniform PPP institutional framework, easier terms for infrastructure companies accessing bond markets, and tax sops, Business Standard has learnt. Investment in infrastructure projects with high multiplier effect has been the Centre's main plank to revive the economy, create employment and boost consumption.
The Naxalites carrying sophisticated weapons, including AK-47 rifles, targeted the two unarmed cops when they had just reported for duty at the mobile check-post on the inter-state border, an area that has witnessed a Maoist attack after a long time, they said.
A tab was kept on visiting pilgrims through CCTV cameras to ensure there was no violation of COVID-19 protocol.
Stock exchanges and other market infrastructure institutions as well as their top officials are liable to face penalties for lapses in handling and recitfying technical glitches, with Sebi putting in a place a stricter compliance system driven by "financial disincentives". The markets watchdog has come out with a detailed Standard Operating Procedure (SOP) for Market Infrastructure Institutions (MIIs) less than five months after a technical glitch halted trading at the country's largest bourse NSE for nearly four hours. There will be a "financial disincentives" structure for MIIs -- stock exchanges, clearing corporation and depositories -- for any business disruption beyond pre-defined time, according to a circular issued on Monday.
The Budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report. Bank of America Securities India expects the budget to peg "fiscal deficit at a high 5 per cent of GDP for FY22 and 7.2 per cent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank". Its house economists expect these spends to be funded by debt and partly by imposing a cess on high income groups and also by some non-fiscal measures like tapping the central bank's revaluation reserves and bank recapitalisation and infra bonds.
The Karni Singh Range in New Delhi will be divided into four risk zones to ensure that Olympic-bound shooters can safely resume training at a two-month long national camp which will be conducted from Thursday in a bio-bubble to ward off the COVID-19 threat.
At Prestige Polygon Towers in Chennai's Teynampet, hectic preparations are on for a mega global investors' meet under the aegis of Guidance Tamil Nadu (the state investment promotion agency) scheduled for January 2024. Asked about the key focus areas of the meet, the agency's managing director and chief executive officer, V Vishnu, said the state was betting big on electric mobility. This is no surprise, given that the state has signed electric vehicle (EV)-related memorandums of understanding (MoUs) with several companies in the recent past that may bring in investments worth around Rs 33,000 crore with the potential to create over 43,000 job opportunities.
This is at least the ninth incident of technical malfunction on a SpiceJet aircraft in the last 40 days.
While global majors like JetBlue, RyanAir, Southwest sell almost 90 per cent of their tickets through their own websites or apps, airlines in India have a minuscule share of around 25 per cent through direct channel booking.
All airports and air carriers are being informed to be ready for operations from May 25. SOPs for passenger movement are also being separately issued by the ministry of civil aviation.
On average, about 60 cases were filed by the agency in 2019 and 2020, officials said.
The BCCI has told the teams to leave for UAE not before August 20 though some of the teams, including CSK, wanted to leave early.
Teams will begin a mandatory seven-day quarantine period from May 22 before Lahore Qalandars take on Islamabad United in the first match on June 1.
Issuing the fresh SoP, the apex court said for the first time in the Registry, '1881' helpline number will remain functional from 10 am to 5 pm under supervision of senior officers to provide instant solutions to query of advocate and litigants about e-filing and other issues relating to judicial functions.
The Delhi Commission for Women (DCW) has issued summonses to Twitter and the city police over the alleged availability of child pornography videos on the microblogging website.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
The most important aspect will be the SOP that will be handed to the franchises for Monday's discussion where they can raise their concerns.
The final will be held at the PJN Stadium in Margao, concluding the football league that started last November.
Pakistan has rejected India's action over the March 9 accidental firing of a supersonic BrahMos missile that landed in its territory as "totally unsatisfactory, deficient and inadequate" and reiterated its demand for a joint probe into the incident.
The move to declare those who continue to be missing in the flash flood as presumed dead has been initiated to expedite the process of distribution of compensation among the affected families, he said.
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
Prime Minister Manmohan Singh unveiled a new India aid package for African nations on Tuesday, of $6 billion, and a comprehensive range of initiatives covering various social and economic sectors.
'In terms of semiconductors, challenges do remain in the pan industry, but I think we are much better than where we were a year or so back.'
The guidelines said that keeping in view the recent spike in new cases in a few states and UTs, ongoing festival season and onset of winter, it is emphasised that to fully overcome the pandemic there is a need to maintain caution and to strictly follow the prescribed containment strategy.
The ruling Bharatiya Janata Party on Wednesday hailed the Union Budget as an "all-inclusive" document while the Opposition dismissed it as "anti-people" and mere rhetoric lacking the vision for creating jobs and taming inflation.
Last month, Kejriwal had joined the contractual teachers in Punjab's Mohali, who staged a protest making a similar demand.
"But we are concerned about human rights and we make sure rights of people are not violated," he said.
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The BJP, the AAP and the Congress had fielded six, five and three women candidates, but only Reena Kashyap of the BJP won the election.
The world has changed and the CBI should also, the Supreme Court observed on Monday while hearing a plea seeking guidelines for probe agencies on seizure, examination and preservation of personal digital and electronic devices and their contents.
The Income Tax Act, 1961 provides tax benefits for assessees that have home loans. Typically a home loan is repaid to the bank/lender in monthly installments.
