Mutual Funds

Sensex Slips Over 100 Points, Nifty Trades At 11,430; Sun Pharma, SBI Fall 2%

Sensex Slips Over 100 Points, Nifty Trades At 11,430; Sun Pharma, SBI Fall 2%

According to the latest report, “The domestic stock markets” have started the last day of the week on a negative note. The domestic equity indices opened in red today as global stocks came under pressure after latest geopolitical rigidities. Banking, PSU, metal, realty and FMCG stocks fell by up to 0.30 percent. Receding from its record level, the Nifty50 index also slipped 7.35 points or 0.06 percent to trade at...

PM Modi’s ambitious plan to get millions more Indians flying faces turbulence

PM Modi’s ambitious plan to get millions more Indians flying faces turbulence

The programme initiated by Modi last year aims to boost economic growth by refurbishing idled colonial-era airstrips or building mint airports and incentivizing airlines to offer discounted fares to connect them with bigger cities. However, the work of upgrading existing facilities and construction of new airports in small towns has failed. Two of the government officials said, “could knock off course the government’s lofty goal of bringing 100 million more...

If You Are An Investor, Re-balancing Mutual Fund Portfolio is a Must

If You Are An Investor, Re-balancing Mutual Fund Portfolio is a Must

Over a time period, the asset that belongs to different class moves in various directions and resulting changes in an individual’s asset allocation over time. Hence, it is necessary for an investor to rebalance his/her mutual fund portfolio on regular basis. Portfolio Rebalance Meaning Whenever the markets are moving up and down, the allocations of an individual’s asset changes according to it. During markets rally that continues for a long...

Banks’ Gross Bad Loans May Rise to Over 12% In FY19: RBI’s Financial Stability Report

Banks’ Gross Bad Loans May Rise to Over 12% In FY19: RBI’s Financial Stability Report

According to the Financial Stability Report, the Reserve Bank of India said, “The gross non-performing asset ratio of scheduled commercial banks could rise up to 12.2 percent by March 2019 from 11.6 percent in March 2018, The estimate is based on a baseline scenario which assumes the continuation of the current economic situation. In the worst case scenario, the bad loan ratio could rise up to 13.3 percent by the...

Flipkart finally owns eBay.in and decides to set its own refurbish product re-selling website

Flipkart finally owns eBay.in and decides to set its own refurbish product re-selling website

Flipkart took over eBay’s India operation, as a part to support the company’s financially that offered funds from Microsoft, Tencent, and eBay Global. But now it seems that Flipkart finally plans to shut down the first International e-commerce website of India, eBay.in. The Bangalore- based Flipkart announced for the shutting down of eBay.in, as a part of taking control over as a parent company. However, Flipkart is likely to introduce...

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