UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
Speaking at the St Paul's Cathedral where he received the prize, 76-year-old Dalai Lama said that most of the prize money will go to the 'Save the Children' fund in India, with smaller bequests to a science and religion group which is studying the effects of Buddhist practice and to a project to train Buddhist monks as scientists.
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
The Indian markets have risen 5.2 per cent in the last five days, but Mobius, who has one of the largest exposures to India among Brazil, Russia, India, China (BRIC) countries, says he cannot say the correction is over in the Indian markets.
Emerging markets guru Mark Mobius believes the Indian market is no longer cheap but the country has been enjoying a premium over peers due to its growth prospects. In an interview with Business Standard, the executive chairman of Templeton Emerging Markets Group says India's relatively strong fundamentals and accumulation of foreign exchange reserves put it in a much stronger position to weather external shocks.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
By contrast, the fraud enabled Raju's kin and aides to make hundreds of crores, charges CBI.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
Distressed by the falling spree of Indian equities, fund managers are looking at various avenues of diversification. At a time when emerging markets, including India, are vulnerable to global cues and are more coupled, frontier markets showless or almost no correlation. Franklin Templeton was the first to spot an opportunity and has already filed for a MENA fund (Middle East North Africa Fund), which will invest in some of the frontier markets.
Forget Starbucks coming into India. Witness the expansion of Caf Coffee Day, which is set to mushroom across the country.
Mark Mobius, the 71-year old investment guru and executive chairman of Franklin Templeton Investments, has a positive view on the Indian market and feels that stock valuations have become attractive after the 27 per cent cut in benchmark equity indices since late January.Stating that it was difficult to predict the end of the current phase, Mobius said he expected the decoupling to continue in the long term.
If you don't have enough time to study the market, go for mutual funds, says personal finance expert Rahul Goel.
In fact, the current market scenario provides more value investment opportunities. So, it is positive for mutual funds.
.jpg)
The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
A study of the top ten mutual funds' equity portfolios as on March 30 reveals that funds bought huge chunks of metal major SAIL, engineering stock KEC Infrastructures, while diluted their exposure to FMCG major ITC.
Asset allocation is the scientific process of dividing all your money across various non-correlated asset classes.
Some historical evidence on why sector funds cannot form the core of your portfolio.
Mark Mobius says the long-term trend for the Indian market is good and India has done better than other markets.
Mutual funds continued to buy into oil and gas, banking and finance, telecom, and media stocks in April
'India is well positioned to be a leading player in this new era of communication and entertainment.'
Chief Investment Officer of Prudential ICICI, Nilesh Shah discusses the current situation of the market in terms of inflows, valuations and the general consensus on the market.
In an exclusive CNBC-TV18 interview, emerging market guru and CIO of Templeton Asset Management, Mark Mobius, gives his take on emerging markets.
Consumers and commodities are his favourite sectors at the moment.
Transcript of the market chat held on January 3.
India's Centre for Civil Society and the International Development Enterprises India bagged the coveted awards.
Global chipmaker Texas Instruments has said it will work with partners to build low-cost cellphones and silicon chip-embedded consumer electronic products for India's booming market in the next five years.
Tata AIG India Life Insurance has tied up with Fanklin Templeton Investments to introduce a new plan InvestAssure, a unit linked insurance plan to provide security cover with the opportunity to get high returns on insurance premium.
How does the fund compare to its international peers? Le's check out.
With quarterly results indicating a good performance, Indian corporates are likely to fare well, taking advantage of the economic turnaround, according a review by Templeton Asset Management (India) Pvt Ltd.
