Govt eases listing norms
Companies that have a market capitalisation of more than ₹1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment…
PFRDA permits withdrawal of NPS corpus of Rs 5 lakh without buying annuity
The Pension Fund Regulatory and Development Authority (PFRDA) has allowed subscribers to withdraw the entire accumulated pension wealth without purchasing annuity if the pension corpus is less than Rs 5…
Mutual funds raise exposure to PSU banks
As covid-led uncertainties are gradually receding, mutual fund houses are increasing their exposure to the banking sector, especially in the PSU segment. . An analysis of India’s top 20 domestic mutual…
May retail inflation at 6-month high of 6.3%
India's retail inflation shot up to six-month high of 6.3 per cent in May, after easing to a three-month low of 4.23 per cent in April, according to the government…
Sensex, Nifty end at record closing high
The benchmark indices touched new highs on June 11 supported by the metal, IT and pharma names. At close, the Sensex was up 174.29 points, or 0.33 percent, at 52,474.76…
ICICI Pru MF to launch NFO
ICICI Prudential Mutual Fund has announced the launch of a flexicap fund, an open-ended equity scheme, which aims to provide capital appreciation by investing in equity and equity-related securities across…
Global economy expected to expand 5.6% in 2021
The global economy is expected to expand 5.6 percent in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies, the World Bank…
ICICI Pru Life Announces Rs 867 Cr Bonus
ICICI Prudential Life Insurance on Monday announced an annual bonus of Rs 867 crore, highest ever for its eligible policyholders for the financial year 2020-21. The bonus amount increase 10%…
SEBI bars Franklin Templeton from launching new debt schemes for 2 yrs
Market regulator SEBI has barred Franklin Templeton Asset Management (India) from launching new debt schemes for two years. In an order on Monday, the market watchdog also imposed a ₹5 crore…
Franklin Templeton investors to get ₹3,205 cr
SBI Funds Management (SBI MF) will distribute the fourth tranche of ₹3,205 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes during the week beginning Monday. With this, the…