Investor wealth jumps Rs 7.68 lakh crore in four days of market rally

In the broader market, the BSE Midcap and Smallcap indices rose up to 1.46 per cent.

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Stuck in another city away from home? Young professionals eager to take up 'essential travel' post-lockdown

Many professionals are also willing to stay put for the next few months until the Covid situation improves.

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Companies lure luxury buyers with 'lockdown offers'

With dealerships shut and uncertainty over when the walk-in retail will open up, embattled companies have started to roll out 'lockdown offers' to prospective customers, valid only while the movement restrictions are in place.

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Rush for gold loans seen as Indians seek refuge from slowdown

In India, banks were under pressure even before the outbreak, due to a shadow-banking crisis and a prolonged slump in economic growth. The country also has the world’s worst bad-debt ratio at traditional lenders. That loomed large earlier this year, with the biggest-ever bank failure in the country when authorities seized Yes Bank Ltd.

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Companies lure luxury buyers with 'lockdown offers'

With dealerships shut and uncertainty over when the walk-in retail will open up, embattled companies have started to roll out 'lockdown offers' to prospective customers, valid only while the movement restrictions are in place.

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View: Franklin, we do give a damn

Sebi’s role has been primarily in the form of disclosure-based regulation, which requires listed securities to reveal all associated risks.

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E-commerce firms stick to MRP as offline stores charge extra: Survey

A majority of complaints received by LocalCircles were of overcharging on products such as masks and hand sanitisers.

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Nagaland impose Covid-19 cess on petrol and diesel sales

While Nagaland is the first state to impose a Covid-specific cess, Assam recently increased taxes on petrol by Rs 6 and on diesel by Rs 5, while Meghalaya is charging sales tax surcharge on motor spirit such as petrol at 2%.

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Credit risk funds lose a fifth of their assets in just 3 days

Credit risk funds yielded significantly higher returns than normal debt funds.

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Investors can track 5 key events to make healthy return to Street

When growth is difficult to achieve, investors scout for dividend-paying companies.

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Indian Bank cuts lending rate by 30 basis points

The RBI reduced benchmark repo rate by 75 basis points to 4.40 per cent in the bi-monthly Monetary Policy Committee meeting on March 27.

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EPFO sets up relief fund for family of employee who died due to the coronavirus

The decision has been taken in the wake of provident fund and pension services been declared as essential during the nationwide lockdown since March 23.

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Lenders seek top-ups, replacements for debt schemes given as collateral for loans

Businessmen, HNIs borrow this way for short-term capital needs or investments.

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A decade with SIPs: Most funds return less than 10% annually

Majority of SIPs in equity schemes have generated less than 8% returns in last 10 years.

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Top NBFC bond sales hit a bump

Seven companies including Aditya Birla Financial Services, Mahindra Financial Services, Bajaj Finance, Tata Capital and L&T Finance collectively raised ₹3,544 crore out of the targeted ₹10,400 crore on Monday and Tuesday.

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Your hyperlocal delivery bill just rose some more

The move has been driven, in part, by the cost of running services during the Covid-19 induced lockdown, including investment to maintain hygiene and safety, increased pay to delivery executives, as well as conserve cash and stay afloat amid a tough fundraising environment.

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Amazon to offer credit for grocery, utility bills

Amazon has been running a pilot of 'Amazon Pay Later' in Bengaluru. It would be rolling this out later this week to more users, where they can choose to pay the full amount of their purchases after one month without any additional interest.

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FMCG companies take direct route to customer homes

Consumer goods companies have started selling products directly to consumers.

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Govt starts desi version of Flipkart and Amazon e-retail chain for rural India

The ambitious plan is being led by the Common Service Centres, the rural digital outreach vehicle of the government that reaches over 60 crore people through its nearly 3.8 lakh outlets. The outlets are set up and run by private individuals but under the aegis of the ministry of electronics and IT.

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Cyber attack fears high due to work from home: NTRO

These impersonators are seeking donations for Covid-19 and trying to steal credentials for online fraud. Recently, the government had to issue a clarification over cyber criminals sending e-mails and WhatsApp messages stating that the government of India was giving Rs 1,000 to those under the socalled Corona Sahayata Yojana scheme.

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India Infoline offers top-up loans, but without moratorium

The RBI has let financiers grant a moratorium to accounts in default but standard (non-payment in 30 to 90 days bucket). In such cases, the lender will have to make provision of at least 10% spread over March and June quarters, with not less than 5% in each quarter.

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Amazon India offers zero-interest credit

Vikas Bansal, Director of Emerging Payments at Amazon, said the launch comes at a time when consumers are extending their budgets due to the impact of the Covid-19 pandemic.

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8.2 lakh workers dip into retirement savings to survive in lockdown

Claims settlement involves disbursal of total amount of Rs 4,684.52 crore which includes Rs 2,367.65 crore COVID claims under the PMGKY package. The exempted private PF trusts have also risen to the occasion amidst the COVID-19 pandemic.

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EPFO settles Rs 7.40 lakh COVID-19 claims under PMGKY entailing an outgo of Rs 2367.65 crore

"222 private sector establishments disbursing Rs 338.23 crores to 54,641 beneficiaries, 76 public sector establishments disbursed Rs 524.75 crores to 24,178 beneficiaries and 23 cooperative sector establishments disbursed Rs12.54 crores to 924 claimants," EPFO said in a statement.

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Franklin Templeton Mutual Fund pushed sales of 6 plans till just before their winding up

The fund house promised to pay an additional trail brokerage fee of 10 basis points to distributors who mobilised money between April 1 and September 30.

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LIC’s new policy volumes touch 6-year high

Additionally, LIC settled 20.3 million maturity and money back claims and annuities over the financial year, it said while settling 750,000 death claims in this period.

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HNIs, brokers brace for tax impact as debt fund fiasco unfurls

The brokers will have to value the mutual funds as stock in trade and take an asset write-off.

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Companies with investments in 6 Franklin funds face downgrades

A weakened liquidity profile will be leading to a ratings downgrade.

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Mutual funds may not have enough quality papers to use RBI’s liquidity window

Credit risk schemes could be in a better position to meet redemption pressures.

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Virus takes a toll on blue collar staff; no pay for 12 crore

Jobs are also expected to nosedive in the remaining quarters of the year unless demand picks up by the festive season later this year, experts tracking the sector said. Travel, hospitality, tourism, aviation, retail, outdoor entertainment, food and beverages and real estate sectors have been hit the most, staffing agency TeamLease said.

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SC notice to Centre, DGCA on plea for full refund of cancelled air tickets due to COVID-19 lockdown

The Civil Aviation Requirement of May 2008 sets a limit of 30 working days for airlines to complete the refund process for tickets booked through travel agents/portals, the plea has said.

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Lockdown: Business correspondent reaches doorstep of customers to help them withdraw money

Sumi Khatun, a 'business correspondent' of State Bank of India moves around several villages in West Bengal's Birbhum district to help people make modest withdrawal or deposit money during the COVID-19 induced lockdown.

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EPFO to disburse restored pension from next month

The move will benefit 630,000 pensioners every month, although it will cost the government Rs 1,500 crore at a time when it is facing a resource crunch due to the Covid-19 virus outbreak and the related nationwide lockdown that has hurt the economy.

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Everything you wanted to know about RBI's Special Liquidity Facility for Mutual Funds

The Reserve Bank of India announced today that it will open a Rs 50,000-core special liquidity facility for mutual funds (SLP-MF) to ease the liquidity pressure on them.

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Franklin Templeton crisis: Wary banks review credit lines to funds

The lenders — some of whom are custodians to MFs — have been in touch with fund officials to estimate the expected mismatch between inflows and outflows on Monday.

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RBI announces Rs 50,000 crore liquidity support to Mutual Funds

Along with Rs 50,000 crore booster, RBI to conduct repo ops of 90 days tenor.

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View: Templeton fund freeze leaves a dangerous hole

Losses will be felt in the personal balance sheets of mom-and-pop investors.

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Covid-19 Impact: Now, travel from home virtually

Sensing a long-term lull in overseas travel, the Ministry of Tourism launched ‘Dekho Apna Desh’, a webinar series hosted by experts who will share key nuggets and information on destinations like Varanasi, Pondicherry, Ladakh, Kolkata and Lucknow.

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Jewellers witness encouraging response from customers on their digital platforms for Akshaya Tritiya

Mr. Ajoy Chawla, CEO, Jewellery Division at Titan Company Limited said, "All 328 Tanishq stores remain shut this year and hence it would be unfair to compare numbers with last year. But the overall customer response to tanishq.co.in from key metros and even with tier-2 and tier-3 towns has been extremely encouraging.

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Covid-19 impact: Government responds to criticism on DA hike freeze

Countering Manmohan Singh's criticism, govt showed that extreme steps were not unprecedented in emergency.

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BOI AXA Credit Risk Fund NAV drops 50% in a day

The fund house wrote down its entire holding in Dewan Housing Finance and Avantha holdings from earlier levels of 75%.

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How Sensex, 10-year govt bond, rupee vs US dollar performed in week ending April 23, 2020

Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period.

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Coronavirus impact: 77% companies may not cut salaries, 42% undecided, finds survey

57% firms say they may face negative impact in next six months, as per the recent Willis Towers Watson survey. Working from home is the new face of worklife globally. Here are other findings and the steps taken to engage employees in light of new work arrangements.

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India Post delivers Rs 412 cr cash in doorstep banking revolution

The lockdown has set off a banking revolution. Irrespective of which bank you have an account with - in a city or a village without a branch - you can call the local post office and ask it to deliver cash.

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Star fund manager let down by his own creation

As investor ire rains down on Franklin Templeton over its decision to scrap six bond schemes and halt redemption indefinitely, the spotlight is on Santosh Kamath, the firm’s high-profile chief investment officer (CIO) in charge of debt assets.

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Franklin TempleRun: Panic spreads to AMCs, corp bonds

Investors are said to be pulling money out of other credit-risk schemes.

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Work-from-home may help 'her' make a comeback

Work-from-home, an arrangement that curtailed the career progression of many female professionals in the past, has now presented itself as an opportunity for those desirous to make a comeback.

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Employee council: Centre’s move to freeze DA drastic, will affect pensioners

In the letter, council’s general secretary Shiva Gopal Mishra wrote that the employees of central and state governments were the real warriors in the fight against the virus, with many of them “working in the field exposing themselves without sufficient PPE”

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Use tech tools to facilitate online KYC: Sebi to registered intermediaries

The decision has been taken after taking into consideration feedback from various market participants.

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Winding up of debt fund schemes by Franklin Templeton

Franklin Templeton Mutual Fund is the 9th largest mutual fund house in India and manages assets worth ₹1.16 lakh crore. Late Thursday, it announced winding up six of its debt mutual fund schemes with immediate effect.

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