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MUTUAL FUNDS NEWS
AMFI knocks on SEBI doors to resolve KYC impasse
Fri, Apr 26, 2024     Source : Business Line
AMFI and SEBI are in discussions to resolve KYC validation issues impacting mutual fund investors, affecting transactions and flows
MUTUAL FUNDS NEWS
Mutual fund folio addition: Smaller towns steal a march over big cities
Fri, Apr 26, 2024     Source : Business Standard
According to MF officials, the industry witnessed strong growth across metrics in FY 2024 on the back of a sharp rally in the equity market
MUTUAL FUNDS NEWS
Mutual fund industry AUM surges 35% at Rs 53.40 lakh crore in March: ICRA Analytics
Fri, Apr 26, 2024     Source : Economic Times
The assets under management of the Indian mutual fund industry surged 35% and stood at Rs 53.40 lakh crore in March 2024 as compared to Rs 39.42 lakh crore in March 2023, according to a report by ICRA Anal...
INSURANCE NEWS
IRDAI move doesn’t mean age cap of 65 for buying health insurance removed
Fri, Apr 26, 2024     Source : Financial Express
Previously, health insurance regulations set a maximum-entry-age limit of 65 years, meaning insurers were required to design all health insurance plans to be accessible for individuals up to 65 years of ag...
MUTUAL FUNDS NEWS
Invesco AMC, its CEO, others settle case with Sebi
Fri, Apr 26, 2024     Source : Economic Times
Invesco Asset Management Company, its chief executive Saurabh Nanavati, and four others have settled a case of alleged violation of mutual fund and portfolio management services regulations with market reg...
NEWS
Sensex jumps over 450 points: 4 key factors behind the bull run on Dalal Street
Fri, Apr 26, 2024     Source : Economic Times
Domestic equity indices rebounded from a sluggish start to close higher for the fifth consecutive session on Thursday.
INSURANCE NEWS
Russia reinsurer backs firms to get India marine insurance permit: Sources
Fri, Apr 26, 2024     Source : Economic Times
Russia's state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow s...
NEWS
Mcap of BSE-listed cos at record peak of Rs 404 lk cr
Fri, Apr 26, 2024     Source : Economic Times
The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh cro...
NEWS
Uday Kotak loses Rs.10,225 crore in a day as Kotak Mahindra Bank share price tanks 11%
Fri, Apr 26, 2024     Source : Mint
Kotak Mahindra Bank's share price saw a steep fall of 10.85 per cent to close at ?1,643 on the BSE on Thursday.
NEWS
Vodafone Idea closes 26% higher than listing price
Fri, Apr 26, 2024     Source : Financial Express
The company’s Rs 18,000-crore FPO, which is the largest-ever secondary share sale in India, received bids for 6.4x the number of shares that were on offer.
NEWS
India's biggest FPO in the bag: Birla says Vi to make 'smart turnaround'
Fri, Apr 26, 2024     Source : Business Standard
India deserves three private telecom companies, says chairman of Aditya Birla Group
NEWS
Centre paid Rs 147.82 crore in interest subsidy on loans under PM SVANidhi
Fri, Apr 26, 2024     Source : Economic Times
The central government has paid Rs 147.82 crore in interest subsidy to street vendors under PM SVANidhi scheme since it began in 2020 and till March 31, the Ministry of Housing and Urban Affairs said.
NEWS
India's services exports grow 11.4% in 2023: UNCTAD report
Fri, Apr 26, 2024     Source : Economic Times
India's services exports jumped 11.4 per cent to USD 345 billion in 2023 despite global economic uncertainties, while China's shipments from the sector contracted by 10.1 per cent to USD 381 billion, accor...
NEWS
IT sector expects fresher hiring surge in FY25 with deal growth, attrition decline
Fri, Apr 26, 2024     Source : Business Line
With 70,000 net additions, FY24 ended as the lowest intake year over a two-decade period
NEWS
World Bank, IT ministry to come up with state-level DPI adoption index
Fri, Apr 26, 2024     Source : Business Standard
'The state-level DPI index will help analyse gaps to strengthen the digital economy, support financial inclusion and increase public-private innovation'
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