The 44-player industry logged assets under management of Rs 26.33 lakh crore in October-end, as compared to Rs 27.04 lakh crore by November end, representing a growth of 3 per cent. Among debt-oriented schemes, overnight funds received flows worth about Rs 20,650 crore, the highest among the fixed-income segment last month.
Uncertainty looms over the Insurance Bill as the Congress looks unlikely to support it in the current session of Parliament which is what the Modi government is looking at as a 'gift' to United States President Barrack Obama who comes to India in January. Renu Mittal/Rediff.com reports
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month
India imports 1.2 billion barrels of oil, and oil prices are falling, falling...
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
"Lalu Prasad has been sentenced to 5 years imprisonment while a penalty of Rs 60 lakh has also been imposed on him. Apart from Prasad, five years imprisonment each was announced by the Court for five convicts, four years each for 32 convicts and three years each for three convicts," CBI counsel B M P Singh told PTI.
Among other proposals, she said NRI portfolio route would be merged with the FPI route for seamless investment in stock markets.
'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'
Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay.
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
Buyers suffer because they often don't know the relevant details.
Amit Shah said Congress cannot mislead people as they know who took away farmers' land and benefited business houses by giving away spectrum and coal mines in the past
Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.
Generally, before adjourning the house sine die the chair reads out the statistics about the business transacted in the house in detail.
Food prices are also expected to move up due to the poor monsoons.
Reliance is in the market with a benchmark issue to sell 30-year US dollar-denominated Reg S fixed rate senior unsecured notes.
RBI might not cut rate on June 2 but will surely cut soon.
What some of our leaders were up to on Friday, November 11.
A 13-member group, headed by RBI Executive Director R Gandhi, has made various recommendations on G-Sec market, retail participation and interest rate derivatives market.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
The bill stipulates up to two-year jail term and a maximum fine of Rs 5 lakh for discriminating against differently-abled persons
With this, total inflows have reached Rs 3.98 lakh crore in the first 11 months of the current fiscal (2016-17). In comparison, Rs 2.07 lakh crore was invested in various mutual fund products during April-February period of 2015-16.
Investors have pumped in nearly Rs 54,000 crore into various mutual fund schemes in January, with liquid, income and equity funds attracting the most of the inflows.
As soon as Lok Sabha assembled, opposition members stormed into the well holding placards and shouting slogans. They demanded a Joint Parliamentary Committee probe into the alleged stock manipulation by the Adani Group.
In a rare legislative action, a private member's Bill seeking to protect the rights of transgenders was passed unanimously by voice vote in Rajya Sabha on Friday.
Congress insists on sending legislation to select committee, says will support it in winter session.
During the day-long debate, the lines between science and religion often got blurred with many invoking religious texts and the contribution of 'rishi munis' to highlight India's tryst with the extra-terrestrial world.
Catch all the action from the Upper and Lower House of Parliament.
Yes Bank was the top loser in the Sensex pack, crashing 8.36 per cent, followed by NTPC, M&M, Vedanta, Sun Pharma and TCS, which lost up to 4.81 per cent lower.
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Fund managers will be given more flexibility to invest in corporate bonds.
Noting that the session is taking place just ahead of the 70th Independence Day, Modi said he was confident that discussions of the highest standard will be held.
With the Rs 1.45 lakh crore tax dole threatening to upset budgeted numbers, Economic Affairs Secretary Atanu Chakraborty sought to allay concerns saying the government is sticking to the glide path of keeping fiscal deficit at 3.3 per cent of the GDP in the current fiscal.
Government floor managers are busy talking to Opposition members to resolve the stand-off over Minister Sadhvi Niranjan Jyoti's remarks, in the Rajya Sabha.
Despite the incessant disruptions and bitter clashes between political parties witnessed in the ongoing monsoon session of Parliament, lawmakers from across the political spectrum will display rare unanimity in the coming days to pass two bills aimed at protecting their interests.
He had already been granted bail in the Chaibasa Treasury Scam case in October 2020, and in the Deoghar Treasury Scam case in February 2020.
Hitting out at the bill, he termed it as an attempt by the government to acquire land, whose price has been rising, for industrialist 'friends'and crony capitalists.
The law allowed Jadhav to challenge his conviction in the high court through a review process which was a requirement of the ICJ verdict.
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