Intensity of slowdown in certain pockets is surprising: R. Gopalakrishnan, Principal Mutual Fund
While in the near term, consumption is unlikely to rebound, with the good monsoons, consumption is expected to revive farm production for at least the next couple of seasons. This is likely to drive consumption demand over the next 12 to 18 months.
Bharat Bond ETF anchor quota subscribed 1.7 times
India's first corporate bond exchange-traded fund (ETF), Bharat Bond ETF's, anchor investor...
ECB keeps rates steady in Lagarde’s first meeting
The ECB held its deposit rate at a record low minus 0.5% while keeping the option of anothe...
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.
Vodafone Idea will close if govt does not provide any relief: KM Birla
Vodafone Idea Ltd, the India's third largest mobile service provider, will shut down if the government does not provide relief on the liabil...
Govt should provide strong stimulus package for economy: Kumar Mangalam Birla
"One of the things that it (govt) can also do is to give stronger fiscal stimulus,"Kumar Mangalam Birla said.
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, but monthly collections through systematic investment plans (SIP) hit an all-time high of Rs 8,273 crore. And these coincided with the two biggest equity indices hitting records.
Exim Bank provides USD 500 mn credit to Bangladesh for defence procurement
Export Import Bank of India entered into an agreement on April 11 with Bangladesh's Armed Forces Division for making available to the latter a Government of India-supported line of credit (LoC) of USD 500 million, the RBI said in a notification on Friday. The LoC is for the purpose of financing defence-related procurement in Bangladesh, it said.
Most foreign funds not massively overweight on India: Ayon Mukhopadhyay, IIFL Securities
Reforms in the NBFC sector can increase the GDP by 1 to 2%, says Mukhopadhyay.
Lagarde in the spotlight at first ECB meeting
Financial analysts see the ECB on hold throughout next year.
Coal India faces CAG heat over Rs 371 crore excess PF deposit
PSU accused of violating law by parking co’s share of leave encashment
If you lack discipline, you can buy Axis Retirement Savings Fund
The fund offers flexible portfolios to investors with different risk profiles. It also comes with a lock-in period of of five years or until retirement age, whichever is earlier.
Prashant Jain-led HDFC MF exiting top performers, lapping up laggards
The fund house added 10 to 42 lakh additional shares of these companies during the month.
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.
Credit crisis is not over yet, choose debt mutual funds carefully
In the fifth bi-monthly monetary policy review meeting, the RBI had kept the repo rate unchanged, resulting in the yields spiking by 10-20 bps.
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