SEBI provides options to mutual funds apart from rebalancing portfolio

Mumbai: In a clarification issued on Sunday, the SEBI said apart from rebalancing their portfolio in the multi-cap schemes, mutual funds could facilitate switch to other schemes by unit-holders, merge their multi-cap scheme with their large-cap scheme or convert their multi-cap scheme to another scheme category, for instance, large-cum-mid-cap scheme....

Retail inflation will come down soon: CEA

New Delhi: Chief Economic Advisor (CEA) K V Subramaniam has expressed confidence that retail inflation will come down in the coming days after the lockdown was relaxed. He said inflation has increased due to supply constraints. According to government data, the rate of retail inflation has increased to 6.93 percent...

ICRA upgrades Yes Bank issued securities credit ratings

Mumbai: The development comes months after the private lender's financial position worsened and its board was superseded by the Reserve Bank of India, leading to a rescue effort. The rating agency said that the upgrade factors various positive developments on the bank's financial profile. Consequently, ratings on infrastructure bonds and...

BenQ expects India business to grow 15-20 pc in 2020

New Delhi: According to BenQ India Managing Director Rajeev Singh, the company's institutional sales for flat screen wall and projectors have suffered due to the COVID-19 pandemic, but its impact has been compensated with increase in sales of monitor and projectors by retail customers. He told, "In terms of percentage,...

PM Modi inaugurates 3 petrolium projects

New Delhi: Inaugurating three 900 crore rupees-worth petroleum sector projects in Bihar, on Sunday, Prime Minister Narendra Modi said, “In the last 15 years, Bihar has shown that development happens with the right government.” Among those present in the virtual ceremony were Bihar Chief Minister Nitish Kumar and Deputy CM...

SBI cuts fixed deposit rates

New Delhi: State Bank of India has changed the interest rate of Fixed Deposit (FD). The bank has reduced the interest rate on FDs of less than Rs 2 crore 'from 1 year to less than 2 years'. This deduction is 0.20 percent. There is no change in the interest...