News for 'Uttam'

AIFs gain currency as fundraise tops Rs 5 trn

AIFs gain currency as fundraise tops Rs 5 trn

Rediff.com27 Nov 2024

Alternative investment funds (AIFs) have crossed Rs 5 trillion in terms of funds raised, while the investment commitments have surpassed Rs 12 trillion for the first time as of September, according to data released by the Securities and Exchange Board of India (Sebi).

Uttam's Take: Why 2070? Why Not Earlier?

Uttam's Take: Why 2070? Why Not Earlier?

Rediff.com3 Nov 2021

Uttam Ghosh -- like most leaders at the COP26 summit in Glasgow -- is surprised at India's pledge to achieve net zero carbon emissions by 2070.

FACE's ambitious goal: Uniting 75% fintech players

FACE's ambitious goal: Uniting 75% fintech players

Rediff.com27 Nov 2024

The Fintech Association for Consumer Empowerment (FACE), the only self-regulatory organisation for financial technology/fintech (SRO-FT) companies, is aiming to secure membership from at least 75 per cent of players across all key fintech categories within the next three years, according to a senior executive. The total number of members in the organisation has increased to 110, up from around 60 when it received approval from the Reserve Bank of India (RBI) to operate as an SRO-FT in August.

Uttam's Take: A Moment to Cherish Forever

Uttam's Take: A Moment to Cherish Forever

Rediff.com8 Aug 2021

Uttam Ghosh will always remember August 7, 2021, the day an Indian athlete won an Olympic Gold Medal.

FPI flows stumble on trail, edge closer to precipice

FPI flows stumble on trail, edge closer to precipice

Rediff.com18 Nov 2024

After a brutal selloff since October, foreign portfolio investor (FPI) flows for the year-to-date (YTD) in 2024 have turned negative. In early September, YTD FPI investments peaked at a record Rs 22,000 crore ($2.6 billion). This wave of selling has also pulled down benchmark indices, with the Nifty's YTD returns declining to 11 per cent from their high of 21 per cent in September.

Uttam's Take: No Anti-Incumbency, Modiji?

Uttam's Take: No Anti-Incumbency, Modiji?

Rediff.com10 Feb 2022

Uttam Ghosh offers his take on Prime Minister Narendra Damodardas Modi's interview where he denied any anti-incumbency against the BJP.

FDI inflows in India cross $1 trillion

FDI inflows in India cross $1 trillion

Rediff.com8 Dec 2024

Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.

'Lending rate cut still some time away'

'Lending rate cut still some time away'

Rediff.com20 Nov 2024

Union Finance Minister Nirmala Sitharaman's call for making lending rates affordable may not resonate anytime soon as banks still struggle with margin compression, and await clues from the Reserve Bank of India (RBI) on liquidity and rate action. Hinting that any lending rate cut was some time away, State Bank of India (SBI) managing director Vinay M Tonse said there was still some aggression in the market regarding deposit pricing.

Life insurers turn to policies with high value

Life insurers turn to policies with high value

Rediff.com23 Nov 2024

Life insurers shifted their focus to selling high-value policies in October as the transition to new surrender value norms, effective October 1, limited their ability to roll out all products in their portfolio. This led to a 40 per cent year-on-year (Y-o-Y) drop in the number of policies sold in October. Additionally, distributors engaged in a fire sale of policies in September due to uncertainty about the impact of the new norms on their commission structures.

Market riptide pulls ADR below 1, charting course of unease

Market riptide pulls ADR below 1, charting course of unease

Rediff.com31 Oct 2024

The advance/decline ratio (ADR) - a gauge of market breadth - has remained negative (below 1) for a second consecutive month. In other words, the number of stocks declining is outpacing those rising, as a brutal selloff by overseas investors and lofty valuations weigh on sentiment. According to BSE data, the ADR for October stands at 0.98 for the second month in a row.

Uttam and Dom's Takes: LPG@859.5

Uttam and Dom's Takes: LPG@859.5

Rediff.com20 Aug 2021

Uttam Ghosh and Dominic Xavier offer their respective takes on the Modi Sarkar's decision to hike cooking gas LPG prices.

Top MF Performers Across Categories

Top MF Performers Across Categories

Rediff.com21 Dec 2024

Data from Value Research analysed on five-year, three-year and one-year performances of active equity schemes to pick the best performers in popular scheme categories.

Markets bounce back; Sensex climbs 218 points

Markets bounce back; Sensex climbs 218 points

Rediff.com18 Oct 2024

ICICI Bank, Tata Motors, Tata Steel, NTPC, JSW Steel, State Bank of India and Adani Ports were the other big gainers. Asian Paints, Nestle, Tech Mahindra, HCL Technologies, Hindustan Unilever, Infosys and ITC were the other big laggards.

Uttam's Take: Oxygen Crisis Didn't Kill

Uttam's Take: Oxygen Crisis Didn't Kill

Rediff.com21 Jul 2021

Uttam Ghosh offers his take on the government's startling assertion that no Indian perished during the second COVID-19 wave because of a lack of oxygen supplies.

Banks urge RBI for boards' workload mgmt

Banks urge RBI for boards' workload mgmt

Rediff.com19 Nov 2024

Private sector bank board members have urged the Reserve Bank of India (RBI) top brass to consider workload management of the boards as they feel there are too many issues that go to the boards for approval and the situation becomes unmanageable at times. The views were conveyed to the regulator on Monday in a conference of directors of private sector bank boards on the theme "Transformative Governance Through Sound Boards". RBI governor Shaktikanta Das, deputy governors Swaminathan J and M Rajeshwar Rao, and other senior officials of the central bank participated in the conference.

Uttam's Take: Lakhimpur Kheri: Back to the FUTURE

Uttam's Take: Lakhimpur Kheri: Back to the FUTURE

Rediff.com11 Oct 2021

Uttam Ghosh offers his take on the Lakhimpur Kheri tragedy.

DA for over 1 crore central govt staff, pensioners hiked by 3%

DA for over 1 crore central govt staff, pensioners hiked by 3%

Rediff.com16 Oct 2024

The Centre on Wednesday increased the Dearness Allowance (DA) by 3 percentage points effective from July 1 this year, benefitting more than 1 crore employees and pensioners ahead of the Diwali festival. The Union Cabinet has approved to increase Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners by three percentage points of the basic pay/pension ahead of Diwali, Union Minister Ashwini Vaishnaw said after the Cabinet meeting.

Equity MFs inflow drops 14% in Nov

Equity MFs inflow drops 14% in Nov

Rediff.com10 Dec 2024

Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday.

IPO pipeline: 10 companies aim to raise Rs 20,000 cr in Dec

IPO pipeline: 10 companies aim to raise Rs 20,000 cr in Dec

Rediff.com24 Nov 2024

The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added. The companies aim to raise a total of Rs 20,000 crore through their public offerings.

Uttam's Take: Petrol price erupt

Uttam's Take: Petrol price erupt

Rediff.com8 Dec 2020

Uttam Ghosh offers his take on the latest hike in fuel prices at a time when the economy is in its worst condition ever.

Uttam's Take: Manjul, We Stand With You

Uttam's Take: Manjul, We Stand With You

Rediff.com8 Jun 2021

Uttam Ghosh offers his take on the government notice to Twitter to suspend Cartoonist Manjul's account.

PE investment hits $30.89 bn, up 22.7%

PE investment hits $30.89 bn, up 22.7%

Rediff.com3 Dec 2024

Private equity (PE) activity in India between January and November 2024 recorded a total value of $30.89 billion across 1,022 deals, a 22.7 per cent increase in value and an 18.4 per cent rise in deal count compared to $25.17 billion across 863 deals during the same period in 2023. Notable large deals during the period include Walton Street India Investment Advisors at $1.5 billion, and KiranaKart Technologies at $1.35 billion.

It's December. How's Your Portfolio Doing?

It's December. How's Your Portfolio Doing?

Rediff.com12 Dec 2024

'Asset allocation should change only if your goals, life situation, or risk profile have changed.'

Uttam's Take: Bharat Bandh!

Uttam's Take: Bharat Bandh!

Rediff.com9 Jan 2020

Uttam Ghosh offers his take on the Bharat Bandh and the economic concerns that led trade organisations to call for the industrial action.

Delhi man posts bomb threats to flights to 'draw attention', held

Delhi man posts bomb threats to flights to 'draw attention', held

Rediff.com27 Oct 2024

Shubham Upadhyay, a resident of Uttam Nagar in the national capital, was arrested for posting two bomb threat messages to draw attention after seeing similar news reports on TV, the police said.

Uttam's Take: BJP vs Nitish?

Uttam's Take: BJP vs Nitish?

Rediff.com29 Oct 2020

Uttam Ghosh offers his take on Bihar 2020.

Uttam's Take: And Didi gets hurt...

Uttam's Take: And Didi gets hurt...

Rediff.com11 Mar 2021

Uttam Ghosh offers his take on the alleged attack on Mamata Banerjee.

India better placed than China in trade with US: Experts

India better placed than China in trade with US: Experts

Rediff.com6 Nov 2024

Donald Trump's Presidency of the United States will open new opportunities for India though certain sectors, especially pharma and IT, may face the heat if the incoming president decides to impose restrictions on imports and H1B visa regulations, experts said on Wednesday. Prime Minister Narendra Modi's friendly relationship with Trump will have a positive bearing on Indo-US relations but India may have to adapt its strategies to maintain cooperation in areas of mutual interest.

Equity NFO pipeline remains strong despite mkt weakness

Equity NFO pipeline remains strong despite mkt weakness

Rediff.com6 Nov 2024

The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks. Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November. The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.

Asian Champions Trophy Hockey: India maul Japan

Asian Champions Trophy Hockey: India maul Japan

Rediff.com9 Sep 2024

India dominated from the start as they thrashed Japan 5-1 to continue their fine start at the Hero Asian Hockey Champions Trophy.

Uttams Take: Facebook's Snake Charmer

Uttams Take: Facebook's Snake Charmer

Rediff.com18 Aug 2020

Uttam Ghosh offers his take on the controversy that erupted after The Wall Street Journal reported that Facebook may have supported the Bharatiya Janata Party by permitting hate content to be posted on its platform.

New biz premium of life insurers rises 13% in October

New biz premium of life insurers rises 13% in October

Rediff.com11 Nov 2024

Life insurance companies reported a 13.16 per cent year-on-year (Y-o-Y) growth in new business premium (NBP), totting up Rs 30,347 crore in October, even as the number of policies sold saw a sharp decline. The growth was largely driven by strong performance from private sector life insurers.

Uttam's Take: COVID-19's Deadly Attack

Uttam's Take: COVID-19's Deadly Attack

Rediff.com26 Apr 2021

Uttam Ghosh offers his take on the COVID-19 devastation of India.

Uttam's Take: Attack JNU!

Uttam's Take: Attack JNU!

Rediff.com7 Jan 2020

Masked goons attacked the Jawaharlal Nehru University campus on Sunday evening, wounding many students and at least one lady faculty member.

200 booked in Maha village for bid to hold 're-poll' using ballot papers

200 booked in Maha village for bid to hold 're-poll' using ballot papers

Rediff.com3 Dec 2024

Police registered a case against more than 200 persons from Markadwadi village and nearby areas in Maharashtra's Solapur for allegedly trying to conduct a 're-election' using ballot papers on Tuesday in an unauthorised manner, officials said.

Trump 2.0: Govt In Wait-And-Watch Mood

Trump 2.0: Govt In Wait-And-Watch Mood

Rediff.com8 Nov 2024

'We may see even more restrictive policies during 2.0.'

Uttam's Take: RIP, Hand of God

Uttam's Take: RIP, Hand of God

Rediff.com27 Nov 2020

Uttam Ghosh pays tribute to the God of Soccer who passed into the ages on Wednesday.

Uttam's Take: Govt snoozes; SC takes charge

Uttam's Take: Govt snoozes; SC takes charge

Rediff.com11 May 2021

Uttam Ghosh offers his take on the Supreme Court constituting a national task force to ensure that allotment of medical oxygen to the states and Union Territories is done on a 'scientific, rational and equitable basis'.

Uttam's Take: Hail the Myanmar Resistance!

Uttam's Take: Hail the Myanmar Resistance!

Rediff.com19 Mar 2021

Uttam Ghosh salutes the Myanmarese People's resistance to Tyranny.

India Inc sends mixed signals on H2FY25 capex path

India Inc sends mixed signals on H2FY25 capex path

Rediff.com16 Nov 2024

After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.