Making the National Pension System (NPS) more attractive for subscribers joining it after 65 years of age, the PFRDA has permitted them to allocate up to 50 per cent of the funds in equity, besides easing the exit norms. The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit … Read more
Aug. 26, 2021 — Efforts to improve diversity and equity in academic medicine have been “moved to the back burner” in the face of the coronavirus pandemic, despite a growing need to address racial disparities, said the top diversity expert at the Association of American Medical Colleges. “It’s the notion of ‘here we go … Read more
New Delhi: Overseas investors were net buyers to the tune of Rs 1,210 crore in Indian markets in the first five trading sessions of August on the back of domestic factors. In equities, they invested Rs 975 crore during August 2-6, as per depositories data. In the debt segment, foreign portfolio investors (FPIs) pumped in … Read more
MUMBAI: Sona BLV Precision Forgings, also known as Sona Comstar saw a muted response from investors on the first day of its Rs 5,500-crore initial public offering. The IPO was subscribed merely 11 per cent at the end of day one. At 5:00 pm, only 1,13,93,298 shares of the company received bids out of a … Read more
MUMBAI: Mumbai-based Shrem Group, a family wealth investment office, is looking to double its asset portfolio in the road sector to Rs 15,000 crore under its infrastructure commonly called InvIT. The government’s push for rapid growth in the infrastructure sector will catalyse a massive fund flow in the Infrastructure Investment Trusts, Nitan Chhatwal, CMD of … Read more
By Nimesh Chandan Alfred Bernhard Nobel was born in Stockholm, Sweden in 1833. He was a chemist, engineer and an inventor and held 355 patents to his name. In 1867, while experimenting with explosives, he discovered a mixture that had high explosion capabilities and was easy to handle. He named the invention ‘dynamite’ after the … Read more
May 13, 2021 — The American Medical Association has released a 3-year strategic plan to counter longstanding health inequities that hurt marginalized communities and to improve the AMA’s own performance in this regard. The 82-page report, which was created by the association’s Center for Health Equity, argues for both internal changes at the AMA … Read more
Will financial markets lead the revival of the real economy from the Covid-19 crisis? A top money manager on Dalal Street spoke of such a possibility this past week, pointing out how the elevated state of the equity market has helped equity and debt raising for Indian corporates wrestling with the disruption caused by the … Read more
Mumbai: The total loans under moratorium for ICICI Bank fell to 17.5% by value in June from around 30% in April with less than 10% of customers added to the ones that had availled the moratorium facility in April, the bank said in a post earnings call. ICICI Bank’s fall in loans under moratorium is … Read more