In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee would be kept out of the liquidation process of the company, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The notification dated February 12 said: "For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor." Real estate experts call it a "pragmatic approach" by the regulator. "However, there are many cases where possession has not been given because the property is stuck in insolvency.
'Exposure to small and midcap stocks exceeded desired levels in many portfolios, prompting rebalancing.'
Kareem, a chef in Bahrain, came in contact with the woman over the Internet.
The successful first hunt by the cheetahs within 24 hours of moving to the larger enclosure has also allayed the park management's concerns about their prey hunting ability.
The unclaimed funds within the life insurance sector are higher from policies sold by agents as against other channels like bancassurance or a digital platform, said analysts and officials from insurance companies. Unclaimed life insurance funds refer to the proceeds of insurance policies including death or survival benefits not claimed by the beneficiary or the policyholder. Bancassurance means selling an insurance product through banks.
'A pro-Modi wave and anti-incumbency will be incomplete without strong candidates.'
Unless the merger is reversed, the Congress is set to lose its Opposition Party status in the state assembly.
Post the change in debt fund taxation in March, a lesser-known hybrid fund has emerged as one of the alternatives for fixed-income investors. Equity savings schemes, the smallest hybrid fund category in terms of assets, have raked in around Rs 6,000 crore this financial year (FY24) so far compared to Rs 1,100-crore outflow in FY23. The inflows along with a strong performance led to a 50 per cent surge in assets under management (AUM) to Rs 24,100 crore during April-November, shows data from the Association of Mutual Funds in India (Amfi).
From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products. By the latest count, there are 156 QCOs on 672 products.
'Because it is the only public sector company in this sector, currently.'
Producer Raj Kumar Barjatya passed away on February 21.
Simranjeet Singh and Rajni Etimarpu will lead the men's and women's sides respectively as Hockey India on Sunday named the Indian teams for the upcoming FIH Hockey5s World Cup to be held in Muscat, Oman.
Experts are monitoring them from a hole in a loft near their quarantine enclosures to ensure least human intervention
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
One of India's greatest actors -- someone who acted in 14 Satyajit Ray films -- doesn't get good movie roles anymore.
Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The projected fiscal deficit numbers for FY24 and FY25 suggest that the government is serious about achieving the fiscal consolidation path of 4.5 per cent fiscal deficit by FY26, and given the nominal GDP growth assumption and revenue buoyancy, the target appears plausible, Pant said in a note.
The construction lift in the 40-storey building located in Balkum area off the Ghodbunder Road here collapsed on Sunday evening.
The passing of Satyajit Ray's renaissance man feels like the snapping of the last connection with a generation that built a nation and defined grace while facing everything life had to throw at them, says Sumit Bhattacharya.
'No human bias is involved as happens in active funds.'
Niti Aayog will prepare the next list of central public sector companies for disinvestment in the next few weeks, its vice chairman Rajiv Kumar said on Thursday and expressed hope that the proposed asset reconstruction and management companies to address banks' bad loan woes will do a good job like the UTI. Days after Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22 laying out various measures (including disinvestment proposals) to bolster the pandemic-hit economy, Kumar also emphasised that the Modi government has shown consistent commitment for the welfare of farmers and for the improvement of the agriculture sector. "Now the process has begun... We will complete preparation of the next list in the next few weeks, we have got the marching order," Kumar said about the list of public sector companies for the next round of stake sales.
'...which is possible through flexicap and multicap funds.' 'The latter has a better balance between large, mid and smallcap stocks.'
'Higher valuation remains the only spoiler for equities.'
Moushumi Chatterjee mourns Tarun Majumdar, who passed into the ages on Monday.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
'What will matter in 2024 from the market standpoint is the direction of interest rates globally, as well as in India.' 'The results of the general elections will also be keenly watched.'
'Barring Tamil Nadu and Kerala, the BJP will may make inroads in Karnataka, Andhra and Telangana in 2024.'
TDP Telangana unit president Ramana said they favoured a 'grand alliance' for the elections in the interest of Telangana people.
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
People are availing far more of certain kinds of unsecured loans than was the case before the pandemic. Bank lending for buying consumer durables and funding of credit cards and other personal loans have risen by Rs 6.9 trillion between August 2019 and August 2023, shows a Business Standard analysis of data from the Reserve Bank of India (RBI). These loans are typically unsecured, which means they are provided without collateral.
Keep revising the sum insured at the time of renewal to keep it in line with inflation.
Indian exporters shipping goods to Israel may face higher insurance premiums and shipping costs due to the Israel-Hamas conflict, according to experts. Israel witnessed a surprise and unprecedented multifront attack by air, land and sea by the Hamas militant group, which rules the Gaza Strip, in its southern parts on Saturday morning. The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.
The talks for a free trade agreement (FTA) between India and Canada may have taken a pause but will resume once the political row between the two countries is resolved as the pact has economic benefits for both the nations, trade experts and exporters said on Friday. However, they said that India may not hurry for the trade agreement as 60 per cent of New Delhi's exports are already entering Canada at zero duty. Earlier this month, India and Canada paused the negotiations for the agreement due to political reasons.
Andhra Pradesh Chief Minister Kiran Kumar Reddy, Congress leader Uttam Kumar Reddy, CPI-M state secretary B Raghavalu, PRP leader C Ramachandraiah were among those who are attending the meeting during which Chidambaram will handed over the Justice B N Srikrishna Committee report on the Telangana statehood demand.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
Ashfaq Alam had been in jail for one month in connection with the crime committed in New Delhi and later came out on bail, Aluva Rural Superintendent of Police Vivek Kumar told reporters in Kochi.
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
Reddy stated that KCR's statement on proposing a new constitution is an extension of the idea of the BJP.
More Indians renounced their citizenship and took citizenship in other countries in 2022 than ever before, according to data. Answering multiple questions in Parliament - the last on March 31 this year - Minister of State for External Affairs V Muraleedharan told the Lok Sabha that more than 200,000 Indians gave up Indian citizenship in 2022. The question was asked by Congress Members of Parliament Kodikunnil Suresh and M K Raghavan, and All India Majlis-e-Ittehadul Muslimeen chief Asaduddin Owaisi.
Balanced advantage funds have the potential to earn superior risk-adjusted returns for the investor and offer a smoother investment journey.
A class IV government employee and his lover were murdered allegedly by the woman's husband and cousins, her brother and one of her paramours.