Motilal Oswal AMC launches 2 largecap index funds
The NFO for these two funds opened on December 3 and will close on December 17.
Lumpsum flows in Mutual Funds slow down in November, but SIPs in high gear
Inflows into equity schemes hit a 41-month low of Rs 1,312 crore, ...
Most foreign funds not massively overweight on India: Ayon Mukhopadhyay, IIFL Securities
Reforms in the NBFC sector can increase the GDP by 1...
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A wealth-creation idea whose time has come: credit risk fund
This is a type of debt MF that invests in debt instruments that are rated low on credit.
Social Security Code Bill introduced in Lok Sabha
The Bill proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide welfare benefits to all workers, including gig workers. As per the bill, millions of organised sector employees may soon have the option of reducing their provident fund contribution.
You could soon get the option to lower your EPF contribution. Should you go for it?
Financial planners say reducing contribution to the EPF will have far reaching implications for the employee.
Only 4 strategic sales out of 24 PSUs, CAG slams govt
The Comptroller and Auditor General (CAG) Rajiv Mehrishi presented a report in Parliament which revealed that out of the 24 staterun public sector undertakings approved by the Cabinet for strategic stake sale, only one HPCL-ONGC deal was finalised in 2017-18. The auditor slammed the government for using exchange traded fund route for the sale.
Temple in Gujarat switches to solar power, uses saved money to fund college
Temple's trustee Praveen Chandra said that the electricity bill used to be very high, so they switched to solar power. Fifty-kilowatt capacity solar panels have been installed on the terrace of the temple with an expense of Rs 25 Lakh.
View: A policy shift away from GDP generation, and towards improving development indicators, is long overdue
For India, there are three key steps we may explore. First, to measure the destruction of natural and social capital.
SoftBank takes loss in sale of Wag, dog-walking startup
Wag’s troubles have been particularly pronounced. After its investment, the Vision Fund brought in Hilary Schneider, former chief executive of LifeLock, to lead an aggressive expansion. But it lost ground to Rover, its top competitor. Reports of lost dogs and internal struggles hurt business.
DoT clears Rs 1,500 crore for BSNL, BBNL to pay dues to vendors
BSNL has already cleared more than Rs 300 crore to vendors and contractors on account of BharatNet-II, the person said on condition of anonymity. The two companies have also disbursed payable amounts to some circles including Uttar Pradesh (East) and Madhya Pradesh, the person said.
Licious in advanced stages to close $25-30 million funding round
The latest round, which is expected to close over the next few days, will value the firm at $250-300 million, a significant uptick from the $150 million valuation it commanded in its last round of equity financing.
Principal Mutual Fund launches mid cap fund
The newly launched Principal Midcap Fund offers features like SMART and My Gain, enabling investors to stagger their investments according to market conditions.
Voda Idea in talks with Brookfield and Edelweiss to sell some assets
Telco seeks to raise over $2.5b from sale of fibre business, data centre to pay AGR dues.
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