Among the top 15 distributors, NJ India Invest topped with 1,298 crore 12% share of total industry commission. Following that, SBI and HDFC acquired 735 crore and 581 crore gross commissions respectively. Axis Bank and Prudent corporate advisory services raised 5% and 4% share with 538 and 441 crores respectively. Following that, ICICI bank and …
The Indian tyre manufacturer company MRF ( Madras Rubber Factory) became the first Indian company to cross the whopping 1.95 lakh per share on 13th June. Till now the stock has rallied 12.89%. Also, interestingly MRF becomes the second strongest tyre brand of the world as reported by Brand Finance, an UK based brand valuation …
India’s First Company to Hit 1.95 lakh Earmark – MRF is Now Buzzing in the Share Market Read More »
In a recent viral video statement by shark tank judge Ashneer Grover has triggered on the internet slamming the government’s tax policy. He believes the tax policy of the government to be too much asymmetrical with the earnings of the taxpayers. Grover, the previously serving CEO of Bharatpe, referred to the government tax policy as …
“Taxpayers Are Doing Charity in the Country?” – Ashneer Grover Read More »
Recently the RBI monetary policy committee (MPC) announced a very crucial update about the upcoming FY24 GDP growth. After a bench headed by the governor Shaktikanta Das in the second monthly monetary policy meeting it decided that, the repo rate would be unchanged at 6.5%. The members of the meeting decided to vote for a …
Key Takeaways of the RBI’s New Monetary Policy FY-23 Read More »
With India’s first Pune-headquartered fund house, Bajaj Finserv AMC is launched with a premier network distribution over 16,000 partners on June 6. As per CEO of Bajaj Finserv MF, Ganesh Mohan, “We are committed to being a full-stack financial solutions provider to meet India’s growing needs and building deeper, long term relations with customers who …
MF Industry’s Newest Player-Bajaj Finserv Launches India’s 43rd AMC with 16,000 MFDs Read More »
Want to be a Mutual Fund Advisor? If you possess the quality of analyzing risk appetite, financial goals, and investment horizons, you can also pursue a career in mutual funds advising. The main role of mutual funds advisors is to fulfill selecting various kinds of portfolios, tracking variety schemes, and singling out the best mutual …
In a major blow to the Indian startup ecosystem, global investors have significantly reduced the valuations of several promising startups that have brought about new change in the economy of India. This unexpected move has sent shockwaves through the industry, raising concerns about the future of India’s burgeoning start-up scene. Asset management companies (AMCs) from …
Breaking News: Indian Startup Valuations Slashed by Global Investors Read More »
In the current scenario of the business world, profitability is the ultimate measure of success. Entrepreneurs and investors continuously seek new ways to assess and enhance a company’s financial performance. One such metric that has gained significant attention in recent years is the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). While traditional EBITDA analysis …
Insights into EBITDA: Expanding Profitability Beyond Tradition Read More »
Recently in a press meeting, the RBI ( Reserve Bank of India) Governor Shaktikanta Das explained about withdrawing RS. 2000 notes from currency. “The decision to withdraw these currency notes was taken as there were enough notes of other denominations now. We have more than adequate quantity of printed notes available in the system” – …
RBI Governor Shaktikanta Das Reacts to the Withdrawal of ₹2,000 Notes Read More »
In an overnight move, the Reserve Bank of India (RBI) has announced the withdrawal of the ₹2000 rupees notes from circulation. But, it is also significant to know that these banknotes will continue to hold status as legal tender. Let’s dive into the details of this decision and its implications for the public. The RBI’s …
