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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Franklin Templeton’s $4.1 billion fund freeze shows lingering credit pain

The closure of funds fueled worries of a renewed wave of withdrawals from similar products.

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View: Millennials face second age of underemployment

There are many eulogies floating around for millennials these days. Now sandwiched between two economic calamities, we’ve racked up a lot of debt, saved very little and flooded into informal jobs with few worker protections, such as paid sick leave and retirement benefits.

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29% of Indian retail investors have never bought gold in the past but are open to buy gold in future: WGC

There is a significant pool of investors who have never previously bought gold but would consider doing so in the future.

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Saving Jobs: Govt looks to ease cos' financial burden

The govt is looking at ways for companies to prevent job cuts through a range of money-saving measures such as a freeze on bonus payments, deferred increase in minimum wages, reduction in overtime payments and longer shift hours.

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Sebi relaxes valuation norms for mutual funds

The relaxation was given in the wake of the loan moratorium for companies by the Reserve Bank of India on account of the business disruptions caused by the ongoing lockdown.

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Readers spending more time on newspapers during lockdown

At a time of global pandemic when trust is at a premium, Indians are increasingly depending on newspapers for verified news and spending more time on printed word, finds a recent survey by market research firm Avance Field & Brand Solution.

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AMFI reassures debt mutual fund investors about credit quality of debt funds

AMFI strongly recommends that investors continue to focus on their investment goals, consult their financial advisor and not get side-tracked by an isolated event in a few schemes of one fund company.

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Franklin Templeton Mutual Fund winds up 6 debt schemes

Other funds – equity, debt and hybrid – are unaffected by Franklin Templeton's decision.

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Life insurers see a 32% drop in new premium collection in March: IRDAI data

Country’s largest insurer, LIC's new premium collection drops 31%. Nearly all financial metrics saw significant decline due to covid-19 lockdown even as the full FY20 saw 25% growth in fresh premium collection for the insurance behemoth.

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As virus hits consumer sentiment, jewellers offer online sweeteners for Akshay Tritiya

Senco Gold & Diamonds is offering a discount on the gold rate. Sankar Sen, CMD of the Kolkata-based company, said the special Akshay Tritiya offer entails giving a discount of Rs 400 per gram on the gold rate during the offer period that runs from April 22-27.

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