BOI-Axa’s Credit Risk Fund was in the focus for all the wrong reasons. The recent fall in its net asset value after a credit event resulted in a 29 per cent loss on a one-year basis, placing the scheme at the bottom of the category. Many issuers are...
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June 21, 2019 Rakesh Sashmal
Finance
In response to the recession in 2007, the US Federal Reserve immediately responded by using its monetary policy instruments – lowering the federal fund rate from 5.25 to 0.25 by the end of the year 2008 and quantitative measures through bond buying. Once the federal fund rate effectively...
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June 21, 2019 Rakesh Sashmal
Market
Voluntary retirement plans can provide security and stability for older people who no longer have a steady paycheck—and India’s National Pension System (NPS) aims to do just that. Like most of the world, India’s population is aging, and lifespans are increasing. As a result of improved health and sanitation...
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June 17, 2019 Rakesh Sashmal
Finance
With the opioid crisis in the spotlight, scientists are searching for new ways to tackle pain. One group has turned its attention to a lethal toxin that occurs naturally in some marine creatures. The latest study in rats provides encouraging results. A number of marine animals contain tetrodotoxin,...
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June 17, 2019 Anindita Ghosh
Health
Alteria Capital has invested Rs 80 crore in LendingKart in one of the largest debt ventures ever provided to an Indian firm. LendingKart Finance is a technology driven financial services company that helps MSME’s grow their business through digital lending. It has offices in Ahmedabad, Bengaluru and Mumbai...
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June 17, 2019 Rakesh Sashmal
Business
Voluntary retirement plans can provide security and stability for older people who no longer have a steady paycheck—and India’s National Pension System (NPS) aims to do just that. Like most of the world, India’s population is aging, and lifespans are increasing. As a result of improved health and sanitation...
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June 13, 2019 Rakesh Sashmal
Finance
Representative image The Indian rupee is trading at day’s low level, as it is down 9 paise at 69.43 per dollar against previous close 69.34. On June 12 the rupee ended 10 paise higher at 69.34 which is the second straight session of gains on the back of easing...
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June 13, 2019 Rakesh Sashmal
Market
We hosted Manoj Bhat, CFO of Tech Mahindra, in Mumbai where he shed some light on the industry environment and TECHM’s outlook and strategic approach. Key highlights: Telecom is back on the growth trajectory due to multiple broad- based services deals. Action on the 5G rollout front...
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June 11, 2019 Rakesh Sashmal
Market
EIH Limited has set up a captive solar power plant to meet electricity needs of its Gurugram properties, The Oberoi and Trident. The captive power plant in Balasar, Haryana will generate 7.5 MW of electricity to meet the energy demands of the two hotels. Spread over 25 acres, the...
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June 11, 2019 Rakesh Sashmal
Companies
Azim Premji | Chairman, Wipro | Net worth: $21 billion (Image: Reuters) That Rishad Premji thinks differently was evident during his tenure as the Chairman of the trade body National Association of Software and Services Companies (NASSCOM). Rishad, the elder son of outgoing Wipro Executive Chairman Azim Premji, who will take...
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June 7, 2019 Rakesh Sashmal
Business
