Rao said his party Bharat Rashtra Samithi has always maintained that parties should unite based on people-centric issue.
'Earnings will be the catalyst for markets to march higher from here on out.'
Portfolio management services (PMS), catering to higher networth individuals (HNIs), are facing tough competition from emerging alternative investment funds (AIFs), evident from their dwindling client base. In May, the number of clients for the industry stood at 125,390, down 20,528 in two months, shows data from the Securities and Exchange Board of India (Sebi). "PMS managers also have a high active ratio, which means their portfolios are quite differently positioned and more actively managed, compared to the benchmark, which is also a highlight for long-term investors.
'Especially if their investment horizon is over two years.'
The Indian team management will be fretting over its bowling combination with Jaydev Unadkat, Mukesh Kumar and Navdeep Saini locked in a three-way fight for the third pacer's slot.
Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.
The CMM noted the prosecutor, citing eyewitnesses, said Tytler was leading and inciting the mob carrying deadly weapons which committed the alleged offences.
The main Opposition party Communist Party of Nepal-(Unified Marxist-Leninist) (CPN-UML) disrupted the National Assembly meeting on Wednesday, demanding the prime minister's resignation. The meeting has been postponed to 1 pm Thursday.
Images from the English Premier League matches played over the weekend.
'Not only are Muslim homes and shops being bulldozed, but the cops are filing random FIRs even against people who died two-three years ago, against those who have moved to neighbouring states since almost two years to work there.'
He said it was a tale from a great country, where a child was born into an impoverished household in a small village and it was predicted by an astrologer that he will go on to become a king.
'India is showing a reasonable amount of resilience, but we are still living in a world that is quite fragile.' 'That's why we hope that the government will continue to invest significantly in public capex so that we are able to ride through this cycle till the private sector is able to play its part in investing and adding to the capex cycle.'
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
Actively-managed large-cap mutual fund (MF) schemes have managed to regain some lost sheen this year after faring poorly in the 2022 calendar year (CY22). At the end of the first six months (H1) of CY23, 78 per cent of the active large-cap schemes were ahead of the Nifty50 index funds as against just 26 per cent in 2022. When compared to the Sensex index funds, 61 per cent active funds have delivered better returns, shows an analysis of Value Research data.
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
The opposition bloc also got support from Telanagana Chief Minister K Chandrashekar Rao's BRS, which saw the bill as a move to usurp powers of an elected government in Delhi, and asked the House to vote against it.
The 21st Law Commission said the special status given to the entity of HUF was a 'so-called gift by the British', who could not comprehend the complex socioeconomic structure of Indian families. 'Now, this status is being used for the evasion of tax only,' it said.
The original suggestion was to call it 'Indian National Democratic Inclusive Alliance', but the word 'democratic' was replaced with 'developmental' after Kumar and Yechury raised some objections saying it sounded too similar to the ruling National Democratic Alliance (NDA), sources said.
The Department of Telecommunications (DOT) on Wednesday received over Rs 17,873 crore from companies towards 5G spectrum dues. Nearly half the amount (Rs 8312.4 crore) was paid by Bharti Airtel, which made advance payments for four years to free up cash for future investments. Reliance Jio and Vodafone Idea paid Rs 7,864 crore and Rs 1,680 crore, respectively.
'Our Left is squeamish about democracy. They are so mechanical they have only dogma.'
Appearing in a federal courthouse in downtown Washington, DC, Trump entered the not guilty plea before Indian-American judge Magistrate Moxila Upadhyaya.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
Delhi defended a modest 159-7 to record their first back-to-back victories this season.
'Yesterday, he trained normally, and today he's taken this decision. We have accepted it. I spoke to him this morning, and he said he was leaving, and I understood.'
Trump will make his first court appearance in the case on Thursday in federal court in Washington, DC, as per the court filings.
A BJP leader in Bihar on Thursday died while taking part in a 'Vidhan Sabha march' against the state's Nitish Kumar government, evoking allegations from senior party leaders that he was "killed in a brutal lathi charge".
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
The IOA ad-hoc committee on Wednesday decided to hold much-awaited Asian Games wrestling trials on July 22-23.
Catamaran, the family office of Infosys founder Narayana Murthy, is targeting 15 per cent returns on its portfolio investments per annum as it shifts focus from early-stage investments to growth and late-stage bets. This would double the firm's assets under management (AUM) from the current $1 billion to $2 billion over the next five years. "For direct investments, we are focusing on growth-stage investments and very selectively on early stage," Deepak Padaki, president, Catamaran, told Business Standard. "(This is) primarily because the early-stage space in India, in the last three-four years, has completely changed. "There has been a huge influx of capital in the last two years. It has become a very crowded space for early-stage investment," he said.
The meeting of opposition parties has been called by Bihar Chief Minister and Janata Dal-United leader Nitish Kumar to chalk out a joint strategy to take on the Bharatiya Janata Party in the 2024 Lok Sabha polls.
The Securities and Exchange Board of India (Sebi) is mulling doing away with the priority distribution (PD) model in Alternative Investment Funds (AIFs) and introducing in the regulation pro-rata rights (based on the ratio of their commitments) for investors. AIFs are pooled investment vehicles but certain schemes have been observed to be following a differential distribution model where one class of investors, often a junior class, share loss more than the ratio of their contributions in comparison to the senior class of investors. As the senior class of investors have priority in distribution over the junior class of investors, the profit distribution is done first to these investors while they are compensated for loss out of the residual capital of junior class investors.
The likely new chairman of Pakistan Cricket Board (PCB) Zaka Ashraf has rejected his predecessor Najam Sethi's much-publicised "hybrid model" for the upcoming Asia Cup.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
he Centre on this day in 2019 had revoked Article 370, which gave special status to the erstwhile state of Jammu and Kashmir, and bifurcated it into union territories of Jammu and Kashmir and Ladakh.
Modi also virtually flagged off a new train between Antagarh in Kanker district and Raipur and kickstarted the distribution of cards of the Centre's Ayushman Bharat scheme to beneficiaries in the state.
Housing finance company (HFC) PNB Housing is planning to focus on reducing delinquencies in 2023-24.
The sources requested anonymity because the matter is confidential. Representatives for Manchester United and Sheikh Jassim did not immediately respond to requests for comment.
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
As per the Chief Minister's official schedule, Siddaramaiah will be leaving for Delhi by a special flight at 6:30 pm, and will halt in the national capital tonight.
The Enforcement Directorate (ED) on Tuesday conducted searches against Tamil Nadu Electricity Minister V Senthil Balaji and some others as part of a money laundering investigation and held multi-city searches, official sources said.
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