"US downgrade and concerns over growth in developed markets led to
further selloff in the markets. There is a possibility that money will
move out of risky assets like equity," says Mahest Patil, head of equity, Birla Sun Life Mutual Fund.
Interesting trivia from the business world 55 million additional jobs India needs to create by 2015 to maintain the current ratio of employed people to total population of 39%.
Sebi seeks more disclosure from fund houses on closed debt funds Sebi has asked fund houses for more disclosures in scheme information
documents of close-ended debt funds on securities in which they will
Recent rulings from stock markets, banking sector to affect you A look at recent rulings from markets and banking sector which can affect you.
Committee submits recommendations for safer banking norms A committee headed by M Damodaran, former chairman of the Securities and
Exchange Board of India, has recommended many steps to make
banking more convenient and safe.
Pay transaction fees for mutual fund investments above Rs 10,000 The Securities and Exchange Board of India (Sebi), which banned entry
load in August 2009, has allowed mutual fund distributors and agents to
charge Rs 100 as 'transaction fee' per subscription for investments over
Irda seeks guarantee on maturity of ulip pension plans Irda, in its new
regulations on ulip pension plans, has said that while it doesn't want
to fix a guaranteed rate of return on pension plans, it wants some
guarantee in absolute terms at the maturity of the pension plan.
Gold safest investment option as stocks hit on global cues It's gold that's shining the brightest at a time other investment
options, equity and real estate, have been hit by the crisis in the
global economy and land acquisition problems, respectively.
RBI's fight with inflation hits bank loan rates After the Reserve Bank of India hiked the short-term policy rate in July
to tame inflation, over a dozen banks raised lending rates.