Sundaram Equity Fund NFO attracts Rs 358 cr investment

Sundaram Mutual has managed to attract investment of Rs 358 crore in its multi-cap Sundaram Equity Fund during the new fund offer period which closed for subscription on August 30. The open-ended equity scheme will invest across large-, mid- and small capitalisation stocks. Sundaram Equity Fund re-opens for fresh subscriptions on September 16. Sunil Subramaniam, […]

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Annyeonghaseyo India! Why Korean Smilegate Investment made its first investment in the country this year

In February 2019, Prime Minister Narendra Modi launched the India-Korea startup hub in Seoul. The one-stop platform aims to bring the Indian and Korean startup ecosystems closer and facilitate joint innovation between the two economies. Since then, Korean investors have shown keen interest in the Indian startup ecosystem. Chief among them is Smilegate Investment, a […]

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UBS to revamp investment bank in bid to lift flagging earnings

Switzerland’s UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip. The world’s largest investment banks have had their worst start to a year since 2006, the latest data published by industry analyst Coalition on Thursday shows. “What’s been communicated today […]

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Revival of demand, investment top priority: RBI annual report

Mumbai: Reviving consumption demand and private investment remains the top priority in the current fiscal, the Reserve Bank of India (RBI) said on Thursday, signalling the possibility of at least one more interest rate cut this year. To revive growth, governor Shaktikanta Das asked banks to pass on past rate cuts to borrowers at a faster pace by linking lending […]

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Decoding slowdown: Investment is falling; neither central government nor private sector shows any appetite for it

Few would disagree with the Economic Survey of 2018-19 when it makes a case for investment as the “key driver” of India’s growth – in line with the Chinese experience, as it says – which would create capacity, increase labour productivity, introduce new technology, allow creative destruction and generate jobs. Except, this seem highly unlikely […]

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Mukesh Ambani’s $4 Billion Investment Hurt By Glut In Natural Gas

A global glut in natural gas is threatening to undermine a $4 billion investment by Reliance Industries Ltd. aimed at boosting profits at the world’s largest oil refining complex. The project made all the sense in the world when energy magnate Mukesh Ambani’s conglomerate announced it in 2012: convert petroleum coke, or petcoke, one of the cheapest and […]

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How To Invest In Sovereign Gold Bonds? Other Details Here

SGB is issued by Reserve Bank India on behalf of Government of India. Sovereign gold bond (SGB) scheme, a government-run scheme, allows gold investments in non-physical form. The Sovereign Gold Bond (SGB) scheme comprises government securities denominated in gold wherein investors are required to pay the issue price in cash. The bonds are redeemed in […]

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‘I don’t see real estate as an investment now’

Navi Mumbai-based Balaji Gopalaswamy, 41, a manager at a private firm, always thought he had his finances sorted. “I have been working for nearly 14 years, so I had some money saved up. I used to invest in mutual funds, periodically. I had also taken term insurance and steered clear of instruments that mix insurance and investments,” […]

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