The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
The attempted hostile takeover bid of Mindtree by Larsen & Toubro is a "grave threat" and "value destructive" to the organisation collectively built over 20 years, the promoters said pledging to "unconditionally oppose" the hostile takeover attempt.
Here's a glimpse of all that happened around the world last month, in 20 images.
On World Health Day, Bollywood stars posted pix and videos with beautiful messages and stories.
Four years after setting up a "home away from home" in the Franschhoek winelands of Cape Town, he is increasing his investments in the hospitality sector in South Africa.
The rupee closed 2 paise lower at 60.13 on Wednesday as a sudden demand for the US currency emerged at fag-end of trade.
Ask about the fund house's other schemes and how these have performed over time.
In the op-ed 'An open letter to Trump from the US press corps' published on Wednesday in CJR, Pope says that the relationship between the media and the President-elect are strained.
Shot in 2014, these images from across the globe will tell that it is a crazy world out there!
Home loans of up to Rs 75 lakh (Rs 7.5 million) would now be available to fresh borrowers at 10.10 per cent against the existing rate of 10.15 per cent, State Bank of India said in a statement.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
'Dr Abdullah is the oldest and tallest leader in our current political landscape and it was very kind of him to come and see us.'
Police in southern Tamil Nadu are facing grave charges of falsely implicating members of a nomadic tribe and torturing them into admitting to crimes they did not commit. A Ganesh Nadar reports from Kanyakumari.
Goldman Sachs forecasts real GDP growth to accelerate to 7.9 per cent in FY17 from a projected 7.5 per cent in FY16.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
These images from across the globe tell that it is a crazy world out there!
'At any given point in time, we expect only 25 per cent of our workforce will need to be in office.' 'And any given person will only be required to spend only 25 per cent of their time in office.'
It will lead to higher productivity for the company and will provide the employees more time for personal chores and engagement.
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Wednesday's hawkish and essentially courageous decision underscores that Governor Urjit Patel will largely represent continuity, rather than a break, with the policies and approach of his predecessor, says Richard Iley.
The rupee had gained 10 paise to close at 60.11 against the dollar in Tuesday's trade on fag-end selling of the US currency by banks and exporters.
At Rs 15,999, it's quite a steal, but does it offer anything extraordinary?
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Images from stories that shaped the week gone by.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
India's economy grew at 7.6 per cent in 2015-16.
'If only she arrived at the station 60 seconds later, she would have missed her train, and thereby missed her death.'
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
'Most importantly, marking a departure from the past, the RBI has made it clear that it is not overtly worried about the level of the local currency,' notes Tamal Bandyopadhyay.
Brokers have asked for a longer session on poll result day and an additional one on May 17
We bring you a collection of some of the odd moments from around the world.
As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.
Dubai, Singapore, London are the top overseas markets for Indians
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
This week's collection of stories that prove we live in a truly mad, mad world
A Molotov cocktail of lies, abuse and bigotry is blowing up social media.
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