'...spent 1/10th of his time at 24, Akbar Road...' 'He would have met thousands of party workers and ordinary Congress supporters who have love for the party.' 'Left of Centre intellectuals have shaped Rahul's values, but he lacks earthiness.'
The outcome of Maharashtra state elections is unlikely to move markets much, said analysts. The markets, they believe, have bigger developments to worry about in the short-to-medium term.
After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025.
Lavishing high praise on Modi, Trump described him "great", "a friend", "nicest human being" and a leader who is tough in dealing with India's adversaries when required.
The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the piossibility of a trend reversal.
A spinning wheel which former prime minister Lal Bahadur Shastri got as "dowry", Chaudhary Charan Singh's diaries and P V Narasimha Rao's spectacles are among the articles that their families have offered for display at the Pradhan Mantri Sangrahalaya, which was inaugurated by Prime Minister Narendra Modi on Thursday.
The Securities and Exchange Board of India (Sebi) on Monday approved the introduction of a new asset class, designed to offer greater flexibility to fund managers and target investors with a higher risk appetite. The markets regulator also cleared the liberalised Mutual Funds Lite (MF Lite) framework, aimed at fund houses that solely launch passively managed schemes. In another significant move, the board reduced the timeframe for rights issues from the current 317 working days to just 23.
Release of key macroeconomic numbers, monthly derivatives expiry, and global cues are likely to drive stock market movement this week, according to analysts. Markets will also be reacting to remarks made by the US Federal Reserve Chair Jerome Powell, they said. "This week, we expect the market to witness a gradual up-move with stock-specific action.
The mutual fund industry's QAAUM (Quarterly Average Assets Under Management) was up 37 per cent year-on-year (Y-o-Y) (9 per cent Q-o-Q) to hit Rs 59 trillion (end Q1FY25). The equity segment grew 55 per cent Y-o-Y and equity formed 56 per cent of total AUM, up 49 per cent in Q1FY24. Sequentially, AUM grew by Rs 5 trillion.
The record lies with first prime minister Jawaharlal Nehru who did the honours 17 times from 1947 to 1964.
'Expectations are high regarding the change in LTCG with respect to equity investments.'
The first on the list is Hussain Shaheed Suhrawardy, a Bengali politician from then East Pakistan who served as the fifth prime minister. He was arrested in January 1962 and put in jail on bogus charges of "anti-state activities". His actual crime was his refusal to support military ruler General Ayub Khan.
Global supermajor BP Plc's exclusivity with Reliance Industries Ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in India with the Mukesh Ambani firm owing to an unwritten strategic partnership, BP's outgoing India head Sashi Mukundan said. BP in 2011 spent $7.2 billion to acquire 30 per cent interest in 23 oil and gas blocks of Reliance. Eastern offshore KG-D6 block was the cornerstone of the deal that also provided for a 10-year exclusivity period which meant that BP would take up energy projects or investments in India only in partnership with Reliance.
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
Portfolio Management Schemes are hugely popular with investors these days. Interestingly, a large number of investors we meet at Personalfn are already evaluating an equity PMS opportunity, but usually for the wrong reasons.
'Subject to any worldwide economic collapse.'
The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO.
Former prime ministers Manmohan Singh and H D Deve Gowda will not attend the G20 dinner hosted by President Droupadi Murmu for world leaders on Saturday due to 'health reasons'.
SEBI has published data showing that more than 90 per cent of investors lose money in futures and options, explains Harsh Roongta.
If the Opposition has any chance at the prime minister's job, it can happen only if they all stop dropping names and work at the grassroots-level, state-wise, suggests N Sathiya Moorthy.
Then prime minister Manmohan Singh's brief to his new information and broadcasting minister Manish Tewari on what should be the government's approach to the media was simple -- it should be an essay in persuasion, not coercion.
Former CBI Director R C Sharma tells Aditi Phadnis that friends in the IAS and the IPS give the agency's directors and officers more trouble than politicians
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.
'...you evaluate three key factors before committing your money.'
The leader of Nepal's largest communist party was appointed as prime minister on Sunday by President Ram Chandra Paudel to lead the coalition government with the Nepali Congress (NC), the largest party in Parliament, apart from other smaller parties.
Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani held 'very good talks' in a 'free and frank' manner, Foreign Secretary Nirupama Rao told reporters, after the two leaders met on the sidelines of the South Asian Association for Regional Cooperation summit, for 50 minutes on Thursday.Dr Singh told Gilani that cooperation between the two nations was vital for the progress of SAARC's goals and peace in south Asia.
Debt as an investment avenue for the wealthy has been attracting more assets than equity. The portfolio management service (PMS) industry, whose services require a minimum investment of Rs 50 lakh, has seen a 4.4 per cent decline in equity assets since March 2022.
'More than investors, fund houses, and advisors have raised caution and limited flows on small-and mid-caps.'
The Securities and Exchange Board of India (Sebi) has finally come out with a circular to clear the ambiguities surrounding new guidelines for portfolio management services (PMS). The regulator said that portfolio managers would now need to operate through individual bank accounts for each customer.
'In the short term you keep your return expectations very, very low; in the medium term be prepared to invest and in the long term growth will come and your returns from stocks will be high.'
'Rahul is not even a lamp before the sun'
rediffGURU Dr Karthiyayini Mahadevan, head of wellness for senior citizens at Columbia Pacific Communities, tells you how you can stay healthy.
Besides the national capital, polling for the sixth round of the marathon seven-phase elections will be held Saturday in 14 seats in Uttar Pradesh, all 10 seats of Haryana, eight seats each in Bihar and West Bengal, six seats in Odisha, four seats in Jharkhand and one seat in Jammu and Kashmir.
IDFC is merging its Portfolio Management Services business with the newly-acquired Standard Chartered Mutual Fund to sell MF products targeting high net worth individuals. The company is also planning products that offer infrastructure as an asset to investors.
'A single seven-year term will free them from party pressures entirely,' says T C A Srinivasa Raghavan.
Axis Bank, Tata Steel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, and Bajaj Finance were among the other major laggards. Tata Consultancy Services, Reliance Industries, UltraTech Cement, Infosys, HCL Technologies, and Tech Mahindra were among the gainers.
Separately, the poll panel also issued a notice to Congress president Mallikarjun Kharge, asking him to respond to the complaints filed by the BJP against him and the main opposition party's senior leader Rahul Gandhi regarding their remarks.
In a comment loaded with sarcasm, Bharatiya Janata Party on Monday said former Prime Minister Manmohan Singh had wanted to do a lot of things during his tenure but "so many super PMs" had prevented him, triggering protests from Congress members.
'Of all the PMs of India, I had the closest relationships with Morarji and Rajiv.' Mark Tully, the most famous foreign correspondent in India, remembers some encounters with prime ministers, dictators and militants.
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