Mutual funds add 4 lakh folios in Oct

New Delhi: The contribution to debt scheme for the month of October totalled to 4 lakh investor accounts, taking the total tally to 9.37 crore, according to the mutual fund industry. Market experts said the addition of folios suggests that investors were undeterred by the market volatility. Besides, it indicates...

Bids sought from actuarial companies to value LIC

New Delhi: In the tender notice, DIPAM has said that the LIC needs to develop an Indian Embedded Value (IEV) reporting framework for necessary disclosures for the proposed IPO. Embedded value (EV) refers to a common valuation measure used mainly by life insurance companies to estimate the consolidated value of...

World Bank to advise DIPAM on asset monetisation

New Delhi: Disinvestment department DIPAM is mandated with facilitating monetisation of non-core assets of government CPSEs under strategic disinvestment or closure and enemy property of value of Rs 100 crore and above. The World Bank advisory project, approved by the Finance Minister, is aimed at analysing public asset monetisation in...

Tips to not quit your startup idea

So you have an idea to startup but the current pandemic situation is making you rethink your options? Honestly, from a small to the most successful entrepreneur doesn't know what is going to happen next in the wake of coronavirus pandemic. But it doesn't mean you give up on your...

Navneet Munot set to become MD, CEO of HDFC MF

New Delhi: Navneet Munot, the chief investment officer of SBI Funds Management, will succeed the present managing director Milind Barve, HDFC Mutual Fund, the latter said in an exchange filing. Milind Barve has been MD and CEO at HDFC AMC from its inception in 2000. SBI Mutual Fund became the...

BPCL divestment bid ends today

New Delhi: The government, which is selling its entire 52.98 per cent stake in India’s second largest oil refining and marketing company, had on four occasions extended the date of putting in the preliminary expression of interest (EoI). The current deadline is November 16. Department of Investment and Public Asset...

Wholesale inflation eight-month high

New Delhi: The Wholesale Price-based Inflation (WPI) has risen to 1.48 per cent, the office of the Economic Adviser said on Monday in its monthly update. Notably, the WPI was 1.32 per cent in September while it was zero per cent during October, 2019. The prime reason of rise of...