Sunday, April 26, 2020

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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Friday, April 24, 2020

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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Loan moratorium: Lenders struggling to trace low-ticket retail borrowers

Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means. Unless they can get hold of them, repayments stand automatically deferred.

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Credit quality of our portfolio is fine, Franklin fiasco an isolated event: Nilesh Shah

RBI & Sebi are taking corrective action to keep our markets normal, says MD, Kotak AMC.

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11.56 lakh new members join ESIC scheme in February

The report said gross enrolments of new subscribers with ESIC were 1.49 crore during 2018-19. It also showed that during the period from September 2017 to February 2020, around 3.75 crore new subscribers joined the ESIC scheme.

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Franklin Templeton defends shutting 6 debt schemes. So, what lies ahead?

“Trying to sell into illiquid market would have resulted in value destruction,” fund house said.

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