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Source: Live Mint Capital market regulator Securities and Exchange Board of India (SEBI), on Friday, allowed mutual funds to buy and sell credit default swaps (CDS) to improve liquidity in the corporate bond market. “It has been decided to allow greater flexibility to mutual funds to both buy and sell CDS with adequate risk management,”…
Source: Business Standard Alakh Pandey, founder and CEO, PhysicsWallah. 2 min read Last Updated : Sep 20 2024 | 4:01 PM IST Edtech unicorn PhysicsWallah said on Friday it has raised $210 million in a funding round led by Hornbill Capital at a 2.5 times higher valuation of $2.8 billion. Lightspeed Venture Partners,…
Source: Business Standard India’s overtaking of China in key global gauges will likely usher in a bigger influx of foreign flows. Image: Bloomberg 3 min read Last Updated : Sep 19 2024 | 11:46 AM IST By John Cheng and Abhishek Vishnoi India’s overtaking of China in key global gauges will likely usher in a…
Source: Live Mint Indian stocks could attract higher foreign investor inflows this year, with the US Federal Reserve cutting its policy rate by an outsized 50 basis points, the first cut in four years and signaling another 50 bps cut over the rest of the year, as per analysts. They rule out a runaway rally,…
Source: Live Mint As geopolitical tensions escalate and stock market valuations reach lofty heights, global markets face an unsettling combination of risks. But India, buoyed by its robust growth engines, appears better positioned to weather the storm, according to Christopher Wood, global head of equity strategy at investment bank Jefferies. Speaking to a select group…
Source: Business Standard Seth also said that we need to watch out how other economies and markets will respond to the decision. (Photo: Shutterstock) 2 min read Last Updated : Sep 19 2024 | 4:04 PM IST Chief Economic Advisor V Anantha Nageswaran said on Thursday that the impact of the US Federal Reserve’s decision…
Source: Business Standard China’s weight on the index had peaked in early 2021 | File image 2 min read Last Updated : Sep 18 2024 | 11:32 AM IST India has overtaken China for the first time ever in a key MSCI equities index, bolstered by steady economic growth and strong flows. …
Source: Business Standard 6 min read Last Updated : Sep 18 2024 | 9:00 AM IST The number of ultra-wealthy individuals, known as centi-millionaires (those with liquid investable assets of $ 100 million or more), has surged by 54% in the last decade. According to the Centi-Millionaire Report 2024 released by Henley & Partners,…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 17 2024 | 10:15 AM IST The Reserve Bank of India (RBI) has imposed a Rs 1 crore penalty on HDFC Bank for violating guidelines related to the engagement of recovery agents. The bank’s recovery agents were found to have contacted customers…
Source: Business Standard 4 min read Last Updated : Sep 17 2024 | 8:50 AM IST The Canara Robeco Consumer Trends Fund, launched in September 2009, has demonstrated remarkable performance over the past 15 years. A monthly SIP of Rs. 10,000 invested in the fund has grown to Rs 84.81 lakh, delivering an annualized…
