Equality Financial News

Sebi has told mutual funds (MFs) to frame a policy to protect the interest of investors of small and midcap schemes. In a letter to the Association of Mutual Funds in India (AMFI), Sebi said in the context of froth building up in small and midcap segments of the market and the continuing flows in the small and midcap schemes of mutual funds, trustees, in consultation with Unitholder Protection Committees of AMCs, shall ensure that a policy is put in place to protect the interest of all investors.

New Delhi: The taxman will defer to secured creditors such as banks while sharing the proceeds of a bankruptcy rescue, two people aware of the government’s plans said. The Centre will amend the Insolvency and Bankruptcy Code (IBC) to unambiguously state that tax authorities will be below secured creditors having a charge on the assets of a corporate borrower in hierarchy while distributing the proceeds, the people cited above said on condition of anonymity. This is a key proposal in the amendments to the IBC that the ministry of corporate affairs has prepared in consultation with the sector’s rule maker Insolvency and Bankruptcy Board of India (IBBI).

Miami's next match is against Orlando City. Miami's game against Orlando City on March 2. The game is scheduled to kick off at 4.30 pm.

government is looking at ways to give a big push to its Bharat staples brand, under which it sells atta, rice and pulses in the retail market at subsidised rates, ahead of the general elections in April-May. «The plan is to carpet bomb Bharat brand products in every assembly constituency before the elections,» said a senior official aware of the government's plan, adding that the mandate is to take it to as many consumers as possible. The three agencies — Kendriya Bhandar, National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers' Federation of India (NCCF) — through which the Bharat products are sold have been asked to sell 300,000-400,000 metric tonnes of rice and atta every month, said the people cited above. Equal emphasis has to be given to pulses also, they added.

NEW DELHI : New Delhi: The 13th Ministerial Conference (MCA 13) of the World Trade Organization on Tuesday announced new rules to streamline the international trade in services. These regulations, which apply on a Most Favored Nation (MFN) basis, aim to make authorization processes more transparent and accessible, with commitments to gender equality. The reduction in barriers to the services trade could have a substantial economic impact, particularly benefiting poorer countries, and emerging economies like India that are driven by services, experts said.

No praise can be too high for how Shubman Gill and Dhruv Jurel channelled their sense of purpose to secure a major victory for India in Ranchi. Two upright batsmen, both playing with straight bats and nimble feet, accessing areas of the ground with little risk, put on an unbeaten stand of 72 to seal the deal. Gill, with a two-day stubble and batting in a cap against the spinners, was the picture of calm.

₹16 trillion in their investments in mutual funds and ₹20 trillion from direct equity investments. The combined value of their investments in mutual funds and equity is now placed at over ₹67 trillion. Another equally remarkable transformation has been the emergence and now dominance of derivatives trading.

₹50,000 per month, using smartphones worth more than ₹1 lakh. As an October 2023 article in the Mint reported: “In 2023, one-third of smartphone sales in India is projected to be financed, seeing a notable increase from 25% in 2022 and 18% in 2021." In fact, higher the price of the phone, more the chance that it has been bought on a loan: “Half of the sales of the premium segment (above ₹30,000) is expected to be from easy finance options." The fact that loans are easily available is one factor driving people to take them on. Even assuming that these loans are genuine zero interest loans, why do people still buy expensive phones on loans? Smartphones are ultimately depreciating assets.

Investing.com -- So far this year, investors have been primarily focused on the «Magnificent Seven» stocks, with Nvidia (NASDAQ:NVDA), of course, the standout performer. However, one fund manager believes investors should be cautious.

Vice President Jagdeep Dhankhar on Monday said that “no democracy can survive, no democracy can thrive, no democracy can blossom unless there is equality before law”. Addressing at the 18th convocation of Mizoram University, Dhankhar said that now equality before law is ground reality and those who used to consider themselves above the law are firmly within its grip. He exhorted the youth to discard traditional paths and said: “Youth need to come out of silo of competitive examinations and reckless pursuit of government job”.

political slugfest has erupted between the ruling Congress and the BJP in Karnataka over a United Kingdom professor being denied entry into India to attend a state government-organised conference on Constitution. Karnataka Ministers alleged on Monday the incident shows how the individual rights as well the rights of the state governments are being trampled upon, while the BJP described the professor at the University of Westminster Nitasha Kaul, who is also an Overseas Citizen of India, «a known terrorist sympathizer & one who constantly spews venom & disseminates anti-India propaganda.» Kaul has alleged that she was denied entry into India to attend on the invitation of the government of Karnataka the two-day 'Constitution and National Unity Convention-2024' on February 24 and 25.

Kotak Mahindra Bank with a target price of Rs 2,050, while Morgan Stanley recommended an Equal Weight on SBI Cards, JPMorgan has a neutral rating on GAIL India and BofA maintained a buy rating on Embassy Office Parks Ltd. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Kagurabachi Chapter 22 is mounting as fans eagerly await the next installment of the gripping manga series. Following the intense battles of the previous chapter, readers are eager to see how the conflict between Chihiro and Hiyuki unfolds. Here's everything you need to know about the upcoming chapter.

PTI. “Adopting the pen-and-paper mode for subjects with a large registration and a computer-based test for papers with a smaller registration will ensure that the CUET-UG can be conducted in a shorter duration unlike in the last two years.

Virender Sehwag—widely considered one of the most destructive openers of his era—Sunday clarified his cryptic post on Dhruv Jurel for his "outstanding batting skills and temperament" after the youngster scored a magnificent knock of 90 runs of 149 balls to bail out India on Day 3 of the 4th Test against England in Ranchi. Jurel added 77 runs, alongside Kuldeep Yadav for the 8th wicket, helping India cross the 300-run mark. After Jurel’s heroic inning, Sehwag took to microblogging platform X (formerly known as Twitter) to praise the Team India wicketkeeper.

Guru Ravidas or Raidas was an Indian mystic poet-saint of the Bhakti movement during the 15th to 16th century CE. Guru Ravidas Jayanti 2024 falls on February 24, 2024, on the Purnima Tithi of the Magha Month. The festival commemorates the birth anniversary of Guru Ravidas, a revered saint, poet, and spiritual leader.

Council For Fair Business Practices (CFBP) in Mumbai, mainly supported by VIP and the Tata Group, had the who’s who of the corporate world in attendance. Senior lawyer and CFBP president Swapnil Kothari said, “In today’s competitive times, fair business practices are more imperative — whether for a corporate behemoth, a small-scale enterprise or an individual. “CFBP considers itself to be the pioneer and the custodian of ethics, as it passionately professes, practises and propagates fair practices in an endeavour to touch every spectrum of society — be it industry, medicine, law, women empowerment or education. Carrying forward the legacy of our visionary founders, primarily JRD Tata, Ramkrishna Bajaj and Soli Godrej, I feel that today, and for the next 25 years, business ethics, climate change and women empowerment will be the buzzwords in the corporate world or our societal consciousness.” Ex-advisory board member and 16th Finance Commission chief Prof Arvind Panagariya set the tone for the morning by going back in history about the scriptural essence of ethics and how they were steeped into the sublime consciousness of the great founders of CFBP.

My grandmother is a senior citizen and wishes to gift me money in cash. Can she gift me in cash? If yes, is there any limit under the Income Tax Act or any other law?

e Union Budget's annual Gender Budget Statement, initiated in 2005-06, reflects this growing focus, expanding from 14 to 38 ministries by 2024-25. With a 28% increase in female enrolment in higher education over a decade, gender diversity takes centre stage, signalling progress towards inclusivity and empowerment. Global Capability Centres (GCCs) play a pivotal role in advancing DEI, with potential to spearhead India's mission for diversity, equity, and inclusion.

₹1,828.63 crorewhile FIIs net sold shares worth ₹1,410.05 crore. Additionally, option sellers covered their bearish bets.

In a blog post published by the European Central Bank, Ulrich Bindseil, director general of market infrastructure and payments and Jürgen Schaaf, an advisor to the central bank, say that for bitcoin lobbyists the formal approval by the SEC confirms that Bitcoin investments are safe and the preceding rally is proof of an unstoppable triumph. In the mid-2010s, the hope that bitcoin's value would inevitably rise to ever new heights began to dominate the narrative. But bitcoin is neither suitable as an investment or even as a real-world means of payments, the blog argues. Bindseil and Schaff believe that lower interest rates and the SEC green light have opened the floodgates to Wall Street for bitcoin, promising large inflows of funds, "the only effective fuel in a speculative bubble".