Suitors came with all-cash offers but were rebuffed
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
DHFL has been generating funds through various means and has exited from its subsidiary units to tide over the current financial crunch.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Options include fresh capital infusion by the management and/or some new investors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
United States President Barack Obama got emotional as he thanked staff at his campaign headquarters.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
HDFC MF witnessed 17% rise in investment in its schemes to Rs 6,462 crore by group companies during May.
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
According to the RTI reply, absconding diamantaire Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore. This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore. Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies to default on the payment. Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.
A month down the line, you may be holding insurance policies in electronic form. According to sector experts, the regulator is in the last lap of checking repositories' preparedness and infrastructure, and is likely to allot licences by May-end or early June.
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
Measured by returns in 2013, the top 10 funds had only three from large houses; nimble strategy could be a factor.
In a growth market, these funds should not form more than 10-15% of your portfolio. Invest with a horizon of at least 5 years
With "profitable growth" replacing "expansion drive" as the buzzword in the sector, the country's top private life insurers have significantly reduced branches and employees over the last couple of years to cut costs and improve efficiency.
As a result of this moratorium, individuals' EMI payments of loans taken will not be deducted from their bank accounts, providing much needed liquidity to borrowers whose income has been disrupted due to the lockdown till May 31.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
For willful defaulters, change in ownership accompanied by punitive action against the defaulting management is the way to go.
EPFO's advisory body FIC on Thursday shortlisted five entities --ICICI Securities, Reliance Capital, HSBC Asset Management Company, SBI and ICICI Prudential -- for managing its corpus of Rs 3.5 lakh crore (Rs 3.5 trillion).
Banks should strictly observe prudential guidelines while investing in companies undertaking non-financial services activities, RBI said in a draft guidelines on equity investments by scheduled commercial banks in subsidiaries and other companies.
'Willing to spend is different from when to spend and how much to spend'
Jelena Jankovic made it a Serbian win double in Asia on Sunday as she fought back from a set down to beat Germany's Angelique Kerber to take the Hong Kong Open title.
Those getting into debt instruments like short-term funds, ultra short-term funds and income funds may need to extend their investment horizons or pay higher exit loads. The past couple of months have seen 16 such funds either raising their exit loads or increasing the scheme's lock-in period.
Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors.
It also warned of its readiness to use its "existing counter measures" if they fail to enforce transparency measures.
We believe equity markets in 2011 will be volatile. However, for investors, volatility will provide investment opportunities.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
What were YOU doing when Kapil Dev lifted the Prudential Cup in 1983? Tell us right here!
State Bank of India, the country's largest bank, has breached the Reserve Bank of India's credit exposure norms during three consecutive years with regard to its loans provided to Mukesh Ambani-led Reliance Industries.
More than half a dozen life insurance companies -- that are operating for nearly a decade now -- have cut their branch presence significantly in the last six months in a bid to cut cost and increase efficiency.
Jobless growth has found a new home - India's life insurance companies. In the last financial year, private life insurers reduced headcount by 27 per cent to achieve profitability.
India allows foreign investors to buy upto $81 bn
Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate.
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