The equity primary market in India witnessed a significant slowdown, while the activity in the debt market was robust. Fund mobilisation in domestic markets through equity public issues was down by 22 per cent in the first half of 2011-12. Companies managed to raise a little over Rs 9,500 crore from April to September, said […]
A year after a new regulatory regime governing sale of unit linked insurance plans (ULIPs) came into force, investors are still wary about buying these plans. Once preferred by insurance buyers when markets were booming, they now face lower customer patronage and lukewarm interest from agents, if numbers are any indication. http://www.thehindubusinessline.com/markets/article2526349.ece
Investors will soon get the option of investing in tax-free infrastructure bonds worth Rs 10,000 crore, as the National Highways Authority of India (NHAI) plans to come out with a public issue by the middle of November. “We plan to raise the entire amount through a public issue in one go, because we need money […]
Insurance regulator Irda on Thursday said that quoting PAN number would be mandatory for making cash payments of more than Rs 50,000 in insurance premium, a move which would help the authority track sources of funds. “With a view to ensuring that premiums are paid out of clearly identifiable sources of funds, it has been […]
Strange as it may sound, with as many as one-third of its population still living in poverty, the country is also home to the second largest number of affluent people with a whopping three million households which have over USD one lakh of investible funds. According to a survey by the global market research agency […]
Union KBC Asset Management Company Pvt Ltd (Union KBC), a subsidiary of Union Bank of India, is to introduce mutual fund-related transactions through ATMs. Initially, the facility christened as ATMfunds@Union Bank will be available to all the customers of Union Bank, who have a debit card. The facility will be launched nationwide this month, Mr […]
The struggling domestic mutual fund industry has reasons to smile, in spite of tight regulatory scenario and poor penetration. The fund houses’ continuous investor awareness programmes across the country have finally started showing results. The mobilisation of funds from retail investors through the systematic investment plan (SIP) route has shown a steep rise of over […]
New Delhi:Owing to a sluggish trend in stock markets, at least 22 companies, mainly from real estate and power sector, have called off their initial public offers (IPOs) in this fiscal, a report has said. “The bad mood of the capital market have led 22 companies to call off their IPOs during this fiscal. Even […]
Premium collection of the life insurance industry in India continued to decline in August. During the April-August period, the industry collected premiums worth Rs 71,565.49 crore by writing new policies. This was a fall of 22.07 per cent, compared with Rs 91,833.94 crore collected in the corresponding period last year. During the April-June period, premium […]
Arch rivals for over 15 years, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are joining hands to make equity trading more convenient. Sources close to the exchanges say stock feeds coming from both BSE and NSE will be made available on a single trading platform. Till now, stock brokers had to […]
