Gujarat passes bill reserving 27% local body seats for OBCs

The Bharatiya Janata Party government in Gujarat on Friday passed a bill in the assembly that earmarks 27 per cent seats in local bodies like panchayats, municipalities and civic corporations for......

4 arrested for poor construction of flyover in Ahmedabad

Four directors of Ajay Engineering Infrastructure Private Limited (AEIPL) were arrested on Monday days after the Supreme Court rejected their anticipatory bail pleas in a case against them for poor......

HDFC AMC valuations ride on high-growth expectations

Although a one-off tax provision negatively impacted the bottom line, HDFC Asset Management Company (HDFC AMC) posted an excellent operational performance in Q2FY25. Illustration: Dominic......

MF licence aspirant list swells with new wave of AMCs ready to roll

India’s thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset......

Insider trading norms for MFs to be applicable from Nov 1

All transactions in the units of an asset management company's mutual funds exceeding Rs 15 lakh executed by designated persons, trustees, or their immediate relatives must be reported to the......

Equity rally fuels fastest quarterly growth in MF assets in five years

Mutual funds (MFs) managed a record Rs 66.2 trillion in assets during the July-September quarter, marking a 12.3 per cent increase over the previous three-month period — the highest quarterly......