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Finance Update

Kotak MF: List of FMPs exposure to Essel Group and IL&FS maturing in April and May

​​According to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days. ​|Apr 11, 2019, 07.23 PM ISTGetty ImagesThe financial crisis at Essel GroupSubhash Chandra-promoted Zee group’s has already affected debt investors of Kotak Mutual Fund, as the money manager has delayed the full redemption of its FMPs. Now, HDFC Mutual…

Finance Update

oil: Oil slips from 5-month highs as economic worries counter tight market

SINGAPORE: Oil prices eased on Tuesday, slipping away from 5-month highs reached earlier in the session as a sluggish economic outlook countered an otherwise tight market. International benchmark Brent futures touched their strongest level since last November at $71.34 per barrel on Tuesday, before losing ground to $70.96 per barrel by 0158 GMT, down 14…

Finance Update

US stocks: S&P 500 flat ahead of Fed minutes

Investors were also assessing a U.S. Labor Department report that showed consumer prices increased by the most in 14 months in March, although underlying inflation remained benign. The tame inflation environment and moderating economic activity support the Federal Reserve’s decision last month to suspend its three-year campaign to raise interest rates. “Amid increasing concern that…

Finance Update

sebi: Sun Pharma’s senior exec, wife settle insider trading case with Sebi

Mumbai: Sun Pharmaceutical Laboratories’s former chief executive Abhay Gandhi and his wife Kiran have settled insider trading case with market regulator Sebi by paying a total of Rs 70 lakh as settlement charges. Sun Pharma Laboratories is a wholly-owned subsidiary of Sun Pharma. Currently, Gandhi is CEO of Sun Pharma’s North America business. Sun Pharma…

Finance Update

Trade setup for Thursday: Trade setup: Nifty50 has limited upside, likely to remain sluggish

The domestic stock market witnessed unwinding and underwent classical correction on Wednesday, as NSE Nifty fell over 110 points from the day’s high to end 0.75 per cent lower. We expect a flat to negative start on Thursday, and the session may remain volatile due to weekly index options expiry. However, compared with the past…

Finance Update

mutual fund: Sebi comes up with system audit framework for AMCs/MFs, asks to form technology committee

The guidelines come after “considering the importance of system audit in technology driven asset management activity and to enhance and standardise the system audit”.PTI|Apr 11, 2019, 07.38 PM ISTBCCLThe regulator has asked MFs and AMCs to conduct system audit on an annual basis by an eligible independent auditor.New Delhi: Markets regulator Sebi Thursday came out…

Business News

Legislature-Lame: The Latest: Court says Evers had power to void appointments

4:10 p.m. A Wisconsin appeals court has ruled Democratic Gov. Tony Evers had the authority to withdraw appointments that had been approved during a lame-duck legislative session. AP | Apr 10, 2019, 02.45 AM IST MADISON, Wis. (AP) — The Latest on Wisconsin lame-duck legal fight (all times local): 4:10 p.m. A Wisconsin appeals court has […]