You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
State-backed Life Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed private life insurers reported a weak performance. VNB refers to the profit that an insurer is likely to garner from new business, which comes from policies sold in a particular period. VNB margin is the profit margin of the insurer.
The financial numbers for 2023-24 (FY24) of the four pure-play listed asset management companies (AMCs) have enthused the Street. All firms listed robust growth in net profit and revenue both during the January-March quarter (Q4) of FY24, as well as in full FY24. The strong performance comes amid a positive growth environment for the sector, led by tailwinds such as sharp growth in assets under management (AUM) and robust performance in equity offerings.
Sumit Roy, an MBA, shares a simple formula to cut down expenses and save money post lockdown.
While an occasional big expense is fine, it is important to maintain a lifestyle that leaves enough surplus to invest and save.
IPL 2024 witnessed quite a few big names falling by the wayside as they struggled to live up to their top billing.
The improvement in the performance of actively managed mutual fund (MF) schemes is acting as a key tailwind for the nearly Rs 50 trillion industry, Kotak Institutional Equities (KIE) said in a report. The report adds that the two largest listed asset management companies (AMCs) - HDFC and Nippon India - are likely to be the biggest beneficiaries. "The industry has a solid track record of delivering alpha on 10-year returns (70-80 per cent of assets under management (AUM) beat the benchmark), with shorter duration performance also on an upswing.
A major fire broke out inside the industrial area of Dombivli in Thane after a boiler exploded at the plant of a chemical company.
'The estimated expenditure is expected to be more than double the Rs 60,000 crore spent in 2019'
Thrust on infrastructure and capital expenditure is expected to continue in the Union Budget for FY25.
The corruption scandal that has rocked international cricket is finding an echo in India as well, with out-of-favour pacer Irfan Pathan on Friday claiming that he was sent expensive gifts by a 'stranger', suspected to be a bookie, during a series.
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
The regulator has asked portfolio managers not to leverage the portfolio of clients for investment in derivatives and not indulge in speculative transactions that are not accompanied by actual delivery, except for derivatives trades. This is done with the intention of reducing volatility in the market and curbing undue risks.
HDFC Bank's January-March quarter result, which came in-line with expectations, failed to enthuse investors. The reason? The management's decision to abstain from providing any specific growth guidance, and analysts' expectations of an arduous road to recovery. Analysts believe the path to normalisation of several growth metrics is unlikely to be a straightforward one, and the road to balance sheet realignment may be long.
Meet IAF Veteran Bhopinder Singh Saini from the Viro ke Vir Indian Party.
RCB head coach Andy Flower pinned his hopes on experienced Mohammed Siraj to lead the side's pace battery in the next IPL.
A crucial point anyone purchasing health insurance must heed is the need to declare PEDs.
Rohit & Co. eye better batting show against USA
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
People turn a corner and overhear secrets, men change stripes so as to acquire shades of villainy most convenient to advancing the plot, secondary characters confess to past sins just so that the leading women are absolved of all responsibility, notes Sreehari Nair.
rediffGURU Kirtan A Shah answers your personal finance queries.
Once a quality stock has been bought, the next challenge is to hold on to it -- no mean feat in this age of information overload and incessant noise.
'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'
'The BJP's numbers in this government are almost the same as those enjoyed by the Congress under P V Narasimha Rao when the reform process was kicked off in 1991.' 'As before, the only constraints on the prime minister's actions are internal, not external.' 'They come from his own assessment of the political consequences of any action,' points out Mihir S Sharma.
With polls to elect the 18th Lok Sabha approaching, district poll panels are fixing the rates for expenses as part of the election expenditure monitoring process.
'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.
The most essential and necessary things should be on top of the list and others which we can do without should be avoided, says Nandini Anandkumar.
If states have to fall in line with MSPs declared by political parties, they will have to do so in violation of central order or bear the full expense of the surplus procured at above MSP rates.
'Investors should focus on largecap funds, flexicap funds, business cycle funds, or hybrid-category funds.'
Four spinners in India's T20 World Cup squad suggest that the Indian selectors are expecting slow turners in the Americas but have they missed a trick by picking only three pacers in the final 15?
Andre Russell's six-hitting carnage at the death that propelled Kolkata Knight Riders to a match-winning total did not come as a surprise to teammate Phil Salt, who described the star all-rounder as the "best in the world on his day".
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
The Enforcement Directorate on Wednesday alleged that bribe money generated from corruption in a Delhi Jal Board (DJB) contract was 'passed on' as election funds to the Aam Aadmi Party that rules the national capital.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
Godrej Consumer Products (GCPL) reported 6 per cent year-on-year (Y-o-Y) consolidated net revenue growth in Q4FY24 to Rs 3,385 crore and this was impacted adversely by currency movement. The constant currency (CC) growth would have been 30 per cent Y-o-Y in Q4FY24. India business clocked 12 per cent Y-o-Y revenue growth (5 per cent of it organic) with volume growth of 15 per cent Y-o-Y (7 per cent organic).
'API prices are dragging down margins and impacting our competitive ability.'
