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.
Online platforms can help buyers and sellers get a fair price and assurance on the car's health.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
The case relates to alleged fraudulent withdrawal of Rs 35.62 crore from the Chaibasa treasury in the 1990s when he was the chief minister of undivided Bihar.
The call centre works round the clock attending to calls ranging from domestic violence to suicide attempts to seeking medical help.
The company received a fresh equity infusion in 2012-13.
I went to the NIA office on my own and was arrested, the police officer said, adding he had not confessed to anything.
The amount saved in a PPF account is actually saving for a rainy day.
God forbid, if bad days fall upon someone and debts pile up. A fascinating excerpt from Anil Lamba's Financial Affairs Of The Common Man: Master The Art Of Personal Finance Management.
Manufacturing sector grows at 3.5%; agriculture sector at 3.8%
Cricketer-turned-politician Gautam Gambhir on Thursday said he will contribute his two years' salary as an MP to the Prime Minister-CARES fund to tackle the coronavirus pandemic sweeping through the country. The BJP's Lok Sabha member from East Delhi made the announcement on his Twitter page, urging people to come forward and donate generously.
'This will have a multiplier effect in generating more jobs.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The government may mobilise a whopping Rs 4 lakh crore, an amount which may help in wiping out the country's fiscal deficit, by bringing down its holding to 51 per cent in all the listed public sector firms, a report says.
At all India level, per capita income will decline by 5.4 per cent in FY21 to Rs 1.43 lakh, the report said.
The girl lending the helping hand won her hearts and accolades, with Hero Cyles taking special note.
It is necessary to have a dramatic increase in the number of rapid tests for COVID-19 conducted on a large number of people and that should become the basis for estimating the morbidity and mortality due to COVID-19, not relying only on hospital reports, says Professor K Srinivasan.
At the rate of around Rs 40 lakh (Rs 4 million) for a bigha (0.62 acre), selling a couple of bighas can fetch one Rs 1 crore (Rs 10 million).
Telecom operators, including Reliance Jio, have been demanding "same service same rules" regime which means that mobile applications providing calls and messaging services should also be made to comply with set of rules that are mandatory for mobile service providers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Exposure to debt funds and gold is essential even if current returns from these asset classes are low, suggests Sanjay Kumar Singh.
Rajesh Karkera and Hitesh Harisinghani spotted these beauties at the Auto Expo 2018
On the Sensex chart, Bajaj Finance, Bajaj Finserv, HCL Tech, Tech Mahindra, Infosys, HDFC Bank and ICICI Bank were among the prominent gainers.
Jaitley said that the banks have to play an important role in achieving the higher growth rate.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
The Bharatiya Janata Party is merely replicating our agenda, which show the bankruptcy of ideas, credibility and leadership in the party, Aam Aadmi Party leader Ashutosh tells Rediff.com's Upasna Pandey.
Revenue from service tax, which has become a new focus area for Finance Ministry, has grown up substantially by over 300 times in past about two decades.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Afghanistan cricket broke a new barrier when Mohammad Nabi and Rashid Khan became the first from the war-torn nation to be picked in the Indian Premier League Player's Auction, in Bengaluru, on Monday.
Everything you need to know about the three properties belonging to Dawood Ibrahim, which were auctioned on Tuesday.
They stand to reap rich rewards if they consistently emerge on the winning side in Tests and ODIs.
The broad process to acquire around 7 lakh rifles, 44,000 LMGs and nearly 44,600 carbines has been finalised.
Rajasthan CM Vasundhara Raje breaks her silence.
The total value of holdings of domestic institutional investors as a percentage of the value of FII holdings has reached its highest level in four years.
Britannia, which last week announced a management rejig putting COO Varun Berry in charge of Indian operations, has always believed in quickly identifying new trends in the food and beverage segment.
India will soon make available many more COVID-19 vaccines to other countries after two Made-In-India jabs have already been introduced to the world, Prime Minister Narendra Modi said on Thursday while emphasising the country's global responsibility in fighting the pandemic.
Noting that oil prices had gone down after the BJP-led government came to power in May 2014, before they went up, Prasad said it is a problem whose solution is not in its hands.
The BSE benchmark Sensex recovered by over 88 points in early trade today after yesterday's losses on emergence of buying by funds and retailers, tracking a firming trend in Asian markets.
