Sebi fines Franklin AMC’s senior execs and trustee

photo

In another blow to Franklin Templeton AMC, Sebi has decided to fine the CEO, CIO, debt fund managers and other top officials in the case of shutting down of six debt mutual fund schemes in 2020. Sebi has decided to put a monetary fine of Rs 3 crore on CEO Sanjay Sapre and CIO- Santosh … Read more

Wall Street week ahead: Investors look to utilities to weather any market rout

photo

NEW YORK: Investors looking for ways to protect themselves from a potential market downturn and rising inflation have been warming to utilities, sometimes seen as bond substitutes, as attractive alternatives. The S&P 500 utilities index has outperformed the broader market this month, rising 9.3 per cent so far compared with a 4.3 per cent gain … Read more