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Supreme Court to decide on distribution of money to Templeton unitholders after hearing objections to e-voting
New Delhi: The Supreme Court has said it would decide on distribution of money to Franklin Templeton unitholders after hearing the submissions objecting to the e-voting process for winding up the mutual fund’s six schemes. A bench headed by S A Nazeer granted three days for filing of objections to the e-voting on winding up […]
Press Trust of IndiaJanuary 23, 2021/11:02 AM IST -
IRCTC to resume e-catering services from February
New Delhi: In a big relief to passengers, IRCTC will resume its e-catering services from next month. Due to onset of the COVID-19 pandemic and the consequent unprecedented lockdown, e-catering services were suspended on March 22, 2020. IRCTC, the catering and tourism arm of the Indian Railways, is going to restart its e-catering services for […]
Press Trust of IndiaJanuary 23, 2021/10:40 AM IST -
Indigo Paints IPO subscribed 117 times; key things you should know
Indigo Paints’ Rs 1,170-crore initial share-sale garnered an overwhelming response from investors and was subscribed 117 times on the final day of bidding on January 22. Here are the key things you should know about the public offer: 1) The IPO has received bids for 64.58 crore shares against an offer size of 55.18 lakh […]
Money9January 23, 2021/10:38 AM IST -
Budget 2021 must build on recent reforms in labour, education: HR experts
New Delhi: The upcoming budget must build on recent reforms in labour and education and the government should continue to provide policy as well as financial support for skilling to ensure that the workforce in India is future ready, say HR experts. The scale of provisions under the Digital India mission and the Skill India […]
Press Trust of IndiaJanuary 23, 2021/9:15 AM IST -
Here’s what AMFI expects from Budget 2021
Mutual Funds need parity with ULIPs.
Harsh ChauhanJanuary 23, 2021/8:52 AM IST -
Mutual fund AUM rises 17% in 2020 on the back of debt and equity funds
Mumbai: A massive rally in the equity markets since May bringing in heavy inflows into equity ETFs and open-ended debt funds has helped mutual fund AUM grow 17 per cent to top the Rs 31-lakh-crore-mark in 2020, which is 1 percentage point lower than 2019, according to a report. During the year, the 44-player industry […]
Press Trust of IndiaJanuary 23, 2021/8:33 AM IST -
Budget 2021 must focus on resolving demand-side issues: India Ratings
Mumbai: The budget must redirect the government focus in resolving demand-side issues by moving away from fixing supply side problem which has been the focus since March when the pandemic began to pummel the economy, says a report. The pandemic induced lockdowns resulted in the economy tanking 23.9% in the June quarter but made a […]
Press Trust of IndiaJanuary 23, 2021/7:59 AM IST -
Reliance Industries Q3 results: Net profit rises 12% on strong momentum at retail, Jio
Billionaire Mukesh Ambani’s Reliance Industries on January 22 reported a better-than-expected 12% rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio. Consolidated net profit in October-December stood at Rs 13,101 crore, compared to Rs 11,640 crore net earning in the same period a year […]
Press Trust of IndiaJanuary 23, 2021/7:02 AM IST -
Reliance Jio Q3 results: Net profit rises 15.5% to Rs 3,489 crore
Jio Platforms recorded 15.5% quarter-on-quarter rise in net profit to Rs 3,489 crore for October-December 2020, its parent firm Reliance Industries Limited said on Friday. Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter. The revenue of the company stood at Rs 22,858 […]
Press Trust of IndiaJanuary 23, 2021/6:52 AM IST
