[ad_1] The Association of Mutual Funds in India (AMFI) recently laid out guidelines for front-running and fraudulent transactions. The AMFI’s move, which comes nearly a month after SEBI’s nudge in response to front-running allegations against Quant MF, is an attempt to tighten regulations for better transparency. Despite the market regulator’s proactive role, mutual fund investors…
[ad_1] With a joining fee of â‚ą5.9 lakh and an annual renewal of â‚ą3.54 lakh, Primus has positioned itself as India’s most expensive credit card. This ultra-premium offering is aimed squarely at the country’s elite, and its closest rival, the American Express Centurion, charges even more for membership, with a joining fee of â‚ą8.26 lakh…
[ad_1] Now the biggest culprit behind Bank Nifty’s underperformance has been its largest constituent by weightage—HDFC Bank. But even beyond this behemoth, Indian banks are currently grappling with some considerable systemic challenges, all of which were evident in their recent results. Dial D for Deposits When the country’s largest private sector bank as well as…
[ad_1] IDFC First Bank will lower the minimum amount due on its credit cards from 5 per cent to 2 per cent of the principal payable amount payable starting August 1. Previously, Axis Bank had done the same in November 2023. These changes in the minimum amount due may lead to higher interest costs for…
[ad_1] Axis Bank was the top loser among Nifty 50 stocks on Thursday, declining by about 6%. Despite a satisfactory show on key parameters in the June quarter (Q1FY25), investors seem more concerned about the surge in the credit cost. There is no clarity on whether the increase in credit cost is a one-off or…
[ad_1] Larsen and Toubro: L&T reported a 12% YoY increase in its consolidated net profit, reaching â‚ą2,786 crore for Q1 ending June 30, 2024. Despite the geopolitical situation, the company achieved steady growth across all financial parameters in Q1 FY 2024-25. The company secured orders totaling â‚ą70,936 crore at the group level in the first…
[ad_1] Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over…
