Sebi on Monday barred Franklin Templeton AMC from launching any new debt scheme for two years and fined it Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to the six debt schemes, Sebi said in its 100-page order. In a separate order, the regulator has barred Vivek Kudva, former head of Asia Pacific (APAC) for Franklin Templeton, and his wife Roopa from the securities market for one year for redeeming units of Franklin Templeton MF schemes while in possession of non-public information.
'We know that returning money to unitholders at the earliest is the first and most important step towards resurrecting our brand and regaining investor trust.'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
The UK's lockdown, which involves strict stay at home measures with movement allowed for limited urgent purposes only if "absolutely necessary" and for one form of daily exercise, came into force on March 23 after a televised address by Boris Johnson.
Scientists associated with Indian SARS-CoV-2 Consortium on Genomics (INSACOG), the government panel that conducts research on different variants of the coronavirus, said they were surprised at noted virologist Shahid Jameel's decision to quit the group and wondered whether he was disillusioned with the government's handling of the pandemic.
Unlike Air India and Jet Airways, which have revised downwards free check-in baggage allowance on domestic flights, GoAir has made provisions for pre-purchasing excess baggage limits.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Investigators are looking into a possible terror attack as well as keeping an open mind to the motive of the subway blast, a Kremlin leader said.
With the Tamil Nadu electorate having given him an unprecedented mandate that had eluded his father the late M Karunanidhi, Stalin has to prove his worth, ensuring at the same time that the Dravidian drag on the AIADMK's side does not open up space for the BJP to make inroads in the state, says N Sathiya Moorthy.
'We would advise investors to hold on to multi-cap funds and not invest further until further clarity emerges.'
Votes polled in the nine-phased Lok Sabha elections will be counted on Friday to decide who will form the next government.
'Until the case load starts dropping, we will have to keep up the current level of prevention activities.'
India says it gives equal treatment to foreign companies on tax matters, not special consideration.
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
Remember the US withdrawal agreement was signed in February 2020. In the intervening period, a proper evacuation plan ought to have been in place. It was not. Consequently, tens of thousands of Afghans who had worked as interpreters, drivers, suppliers of goods and services, etc, face brutal retribution from the Taliban, Virendra Kapoor points out.
A factor that could work in the Belgian's favour is the unprecedented nature of this year's Grand Slam.
Glimpses of one of world's most gruelling physical endurance challenges.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
Health Minister Rajesh Tope also urged people to observe strict discipline
India have emerged winner in all five matches against Pakistan in T20 World Cups, starting from the inaugural World T20 in 2007.
Venugopal is valued highly by Mrs Gandhi and Mr Gandhi. They consider him a loyalist, more to the point, one who can deliver.
The catch is the need for a supportive framework in place that allows free and fair use of such technology.
The leading ladies have exited stage left but the understudies kept this most volatile of Wimbledon scripts bubbling along on Tuesday to ensure a new name will be engraved on the trophy come Saturday.
