X now threatens employees earlier fired by Elon Musk, wants them to return money

X now threatens employees earlier fired by Elon Musk, wants them to return money

In yet another controversy, Elon Musk’s social media platform X is now asking some former employees in Australia to pay back overpaid severance. The platform which laid off around 80 per cent of employees since Musk’s acquisition had reportedly made a mistake while offering severance pay to these employees and now the platform is threatening … Read more

I have Rs 85 lakh remaining in home loan. I recently inherited Rs 20 lakh. Should I repay my loan or invest?

I have Rs 85 lakh remaining in home loan. I recently inherited Rs 20 lakh. Should I repay my loan or invest?

I am 45 years old. My monthly income is Rs 2 lakh. I have a home loan EMI of Rs 70000. I have invested Rs 10 lakh in mutual funds and another Rs 5 lakh in fixed deposits. My monthly mutual funds commitment is around Rs 20,000. I recently inherited Rs 20 lakh.Should I use … Read more

We’ll soon introduce mutual funds to smallcases, says Vasanth Kamath of Smallcase

We’ll soon introduce mutual funds to smallcases, says Vasanth Kamath of Smallcase

Smallcase provides curated stock and ETF portfolios managed by research analysts and investment advisors. This allows individual investors to take a simple, diversified portfolio-based approach with the help of professionals. Vasanth Kamath, Founder and CEO of Smallcase, talks to Navneet Dubey of BT Money Today about smallcases and how it leverages its growth along with the presence … Read more

As $1b limit nears, MFs told to suspend overseas ETF inflows

As b limit nears, MFs told to suspend overseas ETF inflows

Mumbai: India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. The Reserve Bank of India (RBI) regulates the fund inflows and outflows involving locally pooled investments … Read more

Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett $168 billion. What about you?

Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett 8 billion. What about you?

As investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund … Read more

ICICI Pru MF also stops lump sum flows into mid & small-cap schemes

ICICI Pru MF also stops lump sum flows into mid & small-cap schemes

Mumbai: ICICI Prudential Mutual Fund will not accept lump sum money in its mid- and small-cap schemes from March 14, deploying flow curbs a day after Sebi chairperson Madhabi Puri Buch underscored the dangers of potential “froth” or “bubbles” in pockets of the market traditionally favoured by retail investors. Earlier, Nippon, Tata and SBI MFs … Read more

FIR against Kupendra Reddy for allegedly offering money for vote in Rajya Sabha polls

FIR against Kupendra Reddy for allegedly offering money for vote in Rajya Sabha polls

A file photo of Kupendra Reddy, who has thrown his hat into the ring for Rajya Sabha elections. | Photo Credit: MURALI KUMAR K Multi-millionaire real estate baron D. Kupendra Reddy, in the fray for the Rajya Sabha poll from BJP-JD(S) alliance, and his associates have been booked for bribery and undue influence following a complaint … Read more

Japanese retail investors pile billions into Indian equities

Japanese retail investors pile billions into Indian equities

Japan’s retail investors are pouring money into Indian stocks amid bets the nation will be the next China. Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg. Factoring in the gains of Indian stocks on the yen basis last month, … Read more