investments News

Interview: Disinvestment aimed at growth, not to plug fiscal deficit: DIPAM Secy

Interview: Disinvestment aimed at growth, not to plug fiscal deficit: DIPAM Secy

New Delhi: As the Budget 2021 comes up with major thrust on privatisation of public sector enterprises, Disinvestment Secretary, Tuhin Kanta Pandey has said that the government's new disinvestment policy is aimed at economic growth and employment creation, rather than plugging the vast fiscal defici...

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Govt's disinvestment policy not akin to 'selling family silver': FM

Govt's disinvestment policy not akin to 'selling family silver': FM

Mumbai: Union Finance Minister Nirmala Sitharaman on Sunday said the government's latest disinvestment policy including the proposal to privatise two state-run banks is not akin to "selling the family silver" as alleged by the opposition.Speaking at an event here, Sitharaman said that the government...

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Edelweiss Wealth Management launches long-short AIF Scheme

Edelweiss Wealth Management launches long-short AIF Scheme

Mumbai: Edelweiss Wealth Management has launched an equity focused long-short Alternative Investment Fund (AIF) scheme, 'Edelweiss Dynamic Growth Equity' (EDGE) Fund.The fund has a minimum investment amount of Rs 1 crore and is likely to raise around Rs 1,000 crore.An open-ended, Category-III AIF, t...

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Ford more than doubles investment in electric vehicles to $29B

Ford more than doubles investment in electric vehicles to $29B

San Francisco: US automaker Ford has announced to more than double its investment in electric and autonomous vehicles to $29 billion.The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022."We are now planned to invest at least $22 billion in ele...

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Structural Reform: RBI gives retail investors direct access to G-sec market

Structural Reform: RBI gives retail investors direct access to G-sec market

Mumbai: The Reserve Bank of India (RBI) has decided to give retail investors direct access to the government securities market.The major structural reform was announced by RBI Governor Shaktikanta Das on Friday.According to Das, India will join a select group of countries offering such facility to i...

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SC asks FTMF to disburse Rs 9,122 cr to investors; CFMA cheers for unit-holders

SC asks FTMF to disburse Rs 9,122 cr to investors; CFMA cheers for unit-holders

New Delhi: The Supreme Court on Tuesday directed Franklin Templeton Mutual Fund (FTMF) to distribute Rs 9,122 crore among unit-holders of the six schemes that were shut by the mutual fund house in April last year and said the distribution of funds need to be undertaken by the SBI Mutual Fund and com...

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Dividend payments to REITs, InvITs exempted from TDS

Dividend payments to REITs, InvITs exempted from TDS

New Delhi: The government has decided to exempt dividend payments to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) from tax deduction at source (TDS).Presenting the Union Budget FY22, Finance Minister Nirmala Sitharaman said that the move has been made to provid...

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FY22 disinvestment target at Rs 1.75L cr, 2 PSBs to be privatised

FY22 disinvestment target at Rs 1.75L cr, 2 PSBs to be privatised

New Delhi: The government has pegged its target for disinvestment for FY 2021-22 at Rs 1.75 lakh crore.A major announcement made by Finance Minister Nirmala Sitharaman was that the government will privatise two public sector banks other than IDBI Bank. One general insurance company will also be priv...

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FDI hike in insurance to invite foreign majors

FDI hike in insurance to invite foreign majors

New Delhi: In a big boost to FDI inflows and the insurance sector, Finance Minister Nirmala Sitharaman on Monday announced increase of FDI limits from 49 per cent to 74 per cent.Shares of insurance stocks surged after the announcement. ICICI Prudential Life Insurance was up by 2.87 per cent and Max ...

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CAIT vents anger against USIBC for intervening in India's e-commerce

CAIT vents anger against USIBC for intervening in India's e-commerce

New Delhi: The Confederation of All India Traders (CAIT) has strongly criticised US-based lobby group USIBC for objecting to an initiative of DPIIT to reframe the Press Note 2 of FDI policy."The uncalled-for intervention of USIBC shows utter desperation of US companies like Amazon and Walmart and wh...

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