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MUMBAI: Personal guarantees will likely get a disproportionate share of attention as experts craft the broad role definitions for professionals handling pre-packaged debt resolutions at MSMEs.Personal guarantees seem to be a top priority in defining the role of an insolvency resolution professional (RP), said a source. The RP needs to get it confirmed with lenders...

“I believe that the market is over extended in India and I have been expecting a correction for the last few weeks. It is not happening but I think there will be a correction and that will be the opportunity for many investors,” says Sandip Sabharwal, Analyst, asksandipsabharwal.comMarkets are again and again telling us that banks are unlikely to participate...

There is a possibility that we might consolidate in a range for a while and the sector rotation keeps happening while the overall broader indices consolidate and earnings catch up, says Abhishek Basumallick, Chief Equity Advisory, Intelsense Capital. How perturbed are you because of the global risks in the horizon -- be it Evergrande and then the power shortages...

There is merit in shifting. As far as the broader thought on the categories are concerned, it is also good to look at diversified, flexi cap type of categories where there will be a judicious mix of all the categories, says Vinit Sambre, Head Equities & Fund Manager, DSP Mutual Fund Are you going to add real estate stocks because that is a multi-year cycle...

Every week, personal finance experts answer our readers' queries in the wealth edition. Here is a query on financial planning answered by an expert.I am 45 years old. I have been investing Rs 1,000 per month each in HDFC Hybrid Equity, Aditya Birla Sun Life Frontline Equity; Rs 1,500 each in Mirae Asset Large Cap, Mirae Asset Emerging Bluechip; Rs 2,000 in SBI...

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From October 1, many government pensioners will have to start submitting their annual life certificates. Until now, these pensioners had to visit the bank or post office to submit the life certificate, i.e., the Jeevan Pramaan Patra but now they can do so from home. A pensioner can avail the doorstep services provided by several public sector banks and the country's...

The Central Bureau of Investigation (CBI), which is investigating corruption cases against former Maharashtra Home Minister Anil Deshmukh, has allegedly found lapses in the transfers and postings of around 50 police officers in Maharashtra.While probing the case, the CBI has have found several discrepancies in the transfers and postings of many senior police...

Resolving the global shortage of auto semiconductors needs Malaysia's help, especially when it comes to packaging, a sector affected by the country's COVID-19 curbs, Taiwan Economy Minister Wang Mei-hua said.Taiwan, as a major chip producer, has been front and centre of efforts to resolve the shortage, which has idled auto plants around the world.Speaking in...

The National Financial Reporting Authority (NFRA) is proposing to revisit compulsory statutory audit. The audit regulator has floated a paper seeking public and stakeholder comments on whether MSMCs should be out of the ambit of mandatory statutory audit currently stipulated under the company law for all companies.Major economies of the world require statutory...

With Russia waiving a royalty clause in favour of technology transfer, the green signal has been given for the deal to manufacture AK 203 assault rifles at the Amethi factory. The Rs 5,124 crore contract is likely to be inked in the coming months, with production expected to commence next year.Sources said all issues related to the cost and indigenisation content...

The ministries of education and skill development - now under one minister - are holding talks to enable students enrolled into vocational courses to get school-level certificates and earn 'credits', scores that can help them get entry into mainstream colleges and universities and earn a degree.Alongside, efforts are on to identify new vocational courses for...

Union labour and environment minister Bhupender Yadav, while referring to the turmoil in the Congress, said changes in a political party have to be brought in through consensus, not by enforcing it on the party workers, and definitely not by humiliating senior workers. He was talking in the backdrop of the crisis the Congress is facing in Punjab and the questions...

Equity mutual funds betting on information technology stocks, mid-caps and small caps have yielded the highest returns for investors who put money in these products through Systematic Investment Plans (SIPs) in the past decade. The average SIP returns from the universe of equity schemes are 16.09% (annualized) for a 10-year period, according to an ET study of...

The National Company Law Tribunal (NCLT) has restrained RHC Finance, a firm controlled by Malvinder Mohan Singh and Shivinder Mohan Singh, from exercising its voting rights in Religare Enterprises till further orders. The Delhi-based principal bench of the tribunal on Wednesday ordered maintaining status quo on RHC Finance's voting rights and listed the matter...

The threat of a cyclonic storm hitting Gujarat appeared to have receded by Thursday evening as remnants of cyclone Gulab which had turned into a depression moved away westwards. The depression is likely to intensify into a cyclonic storm away from the Gujarat coast, as per the India Meteorological Department's (IMD) report. Moderate rains were recorded in the...

India and Australia on Thursday agreed to sign a Comprehensive Economic Cooperation Agreement (CECA) by the end of 2022 preceded by an interim agreement before Christmas this year.The comprehensive agreement will cover trade in goods and services, and a pact on investments as well.Both sides will exchange offers on the proposed deal by October end, the visiting...

India hit out at China on Thursday for once again holding it responsible for the eastern Ladakh standoff, asserting that the "provocative" behaviour and "unilateral" attempts by the Chinese military to alter the status quo resulted in a serious disturbance of peace and tranquillity in the region. Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi...

India's Adani Group on Thursday sealed a deal with the state-owned Sri Lanka Ports Authority (SLPA) to develop and run the strategic Colombo Port's Western Container Terminal. As the first-ever Indian port operator in Sri Lanka, Adani Group will have a 51 per cent stake at the port's Western Container Terminal (WCT), a statement said. Adani Group signed a build-operate-transfer...

The Rajasthan government on Thursday banned the sale and bursting of firecrackers in the state from October 1 contending that smoke emanating from them affects the health of the people as the threat of a possible third wave of COVID-19 looms.The Home Department has asked licensing authorities to not issue licenses for the sale of firecrackers from October 1...

The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday directed the board of Zee Entertainment Enterprises (ZEE) to consider requisition made by the company’s largest investor to hold an extraordinary general meeting (EGM) before October 3.The bench led by Bhaskara Pantula Mohan and CB Singh in its oral order directed the board of the company...

Mumbai: Ola Electric has raised more than $200 million from Falcon Edge, SoftBank Group and others at a valuation of $3 valuation, the electric vehicle (EV) arm of the ride-hailing startup said.The funding will strengthen Ola’s “Mission Electric”, which urges industry players and consumers to commit to electric so that no petrol two-wheelers are sold in India...

North Korea this week tested what state media called a hypersonic gliding missile, sophisticated weaponry that would be the nuclear-armed nation's latest technological advance and could factor into the strategic balance. Here are some questions and answers on the technology and North Korea's capabilities:What is a hypersonic missile?Hypersonics are defined as...

The deadline for making demat and trading accounts know-your-customer (KYC)-compliant has been extended by another three months. The Securities and Exchange Board of India (Sebi) has extended the deadline for making demat and trading accounts KYC-compliant to December 31, 2021, from September 30, 2021.As per a circular issued by the National Securities Depository...

The growth in IT stocks is still intact for the long term investors. Even at current levels, in the next coming quarter, the numbers are likely to be very good and they are likely to beat expectations, says Chakri Lokapriya, CIO & MD, TCG AMC. If the world is so obsessed with ESG, how come the non-ESG dominated stocks like Coal India and NTPC are making...

India is likely to send a three-member team to participate in the Pabbi anti-terror exercise in Pakistan's Nowshera district from October 3 as part of the SCO RATS framework, a Times of India report said.The decision to hold the joint exercise "Pabbi-Antiterror-2021" was announced in March this year during the 36th meeting of the Council of the Regional Anti-Terrorist...

Around 7.57 per cent polling was recorded in the by-election to the Bhabanipur assembly constituency, where West Bengal Chief Minister Mamata Banerjee is contesting, till 9 am on Thursday, Election Commission sources said.During the first two hours, around 16.32 and 17.51 per cent voting was recorded in Samserganj and Jangipur seats in Murshidabad district,...

NEW DELHI: Shares of Indian Overseas Bank soared nearly 20% in early Mumbai trading on Thursday as the lender came out of the Reserve Bank of India’s prompt corrective action (PCA) framework because of an improvement in asset quality.At 09:25 (IST), shares of the state-owned bank traded at Rs 24.50 on the National Stock Exchange, registering a 19.80% jump from...

The pandemic-driven shopping spree is having at least one unintended consequence: emissions from shipping are on the rise again. Bored at home, consumers ordered everything from washing machines to Peloton exercise bikes, fueling a global trade in goods and boosting demand for ships to deliver them. With so many orders on the books, the container fleet is speeding...

At the time of the EGM, Invesco must have sufficient support from the remaining 40% of the shareholders to ensure that the resolutions which they want to go through will actually be approved by the majority of the shareholders, says HP Ranina, Senior Advocate, SC. Invesco’s fresh salvo coming in for Zee Entertainment and the timing of this one is very interesting....

Heavy rains caused by Cyclone Gulab in Telangana, Maharashtra, Gujarat, Madhya Pradesh and Chhattisgarh have damaged standing crops of soyabean, cotton, onion and urad at many places, at a time when the country has been looking forward to the new crop to tame commodity inflation.Unprecedented rainfall in Marathwada has submerged the soya bean crop. The India...

There is now a very strong demand which will translate into much higher investment all over the world including India, which can be a spur for growth and trade, says Swaminathan Aiyar, Consulting Editor, ET Now. China is looking to increase power tariffs for its industries. Natural gas prices are going up; coal prices are expected to go up. Do you see inflation...

New investment themes are attracting a lot of investor money and they are moving up as well. So rather than chasing momentum, if they focus on good fundamentally sound stocks, eventually those will also start doing very well, says Dipan Mehta, Director, Elixir Equities. Is it time for people to tilt towards the deep value stocks like power, PSUs, coal?We are...

Value investing lost lots of its fans in India in the last few years as value funds have severely underperformed the market. However, value investing found its mojo this year as value funds bounced back on the back of a market rally. Shivani Bazaz of ETMutualFunds.com spoke to Sorbh Gupta, Fund manager-Equity, Quantum Mutual Fund, to find out what is in store...

Cryptocurrency, or "crypto" or "tokens", is all the rage right now. People are buying and using cryptos for varied purposes. Some mine it, that is earn cryptocurrency by solving cryptographic equations with the use of high-power computers, while some use it for buying goods and services, and some even invest in it with a view to earn profits on appreciation...