Principal Financial to buy Indian lender PNB's stakes in JVs

Former Indian cricketer Rahul Dravid has filed a complaint against a Bengaluru-based wealth management firm Vikram Investments for duping him to the tune of Rs 6 crore. Dravid claimed in his complaint to the Sadashiva Nagar police that he invested Rs 20 crore in the company on the assurance of higher returns, but did not even get back the principal amount that he had invested. Dravid said that of the Rs 20 crore money he invested, he received Rs 16 crore back while the company has not ...

Britains Prince Charles has launched a new 10-million-dollar Development Impact Bond (DIB) to help improve education for over 200,000 children in India. The DIB, the largest bond of its type in South Asia, is the latest fundraising initiative by the British ...

It's best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.Illustration: Dominic Xavier/Rediff.com 2017 turned out to be among the best years since 2009, with the equity markets clocking returns in excess of 30 per cent. If the markets were buoyant, it could be safely concluded that mutual funds, too, had a great run. But this conclusion was put to the test in 2017.   Liquidity-driven rally The stock markets closed both 2015 and 2016 on a ...

Posted by Equitymaster In the last 15-18 months, some high profile fund managers of the Indian mutual fund industry switched jobs -- within the industry. You can imagine how challenging might have been for mutual fund houses or Asset Management Companies ...

Funds for urban development in India is just about 20% of what is needed, experts said on Thursday in Ahmedabad. Long gestation periods and low revenue realisation have raised questions about bankability of the projects, they said. Kenichi Yokoyama, country ...

Pune: Amid a recent surge in payment delays and loan defaulting, Reserve Bank of India (RBI) Deputy Governor N.S. Vishawanathan said lenders need to be proactive in monitoring their borrowers and identifying financial stress, using a combination of leading ...

Fortis Healthcare's Board has rejected two of the four proposals it had received in the last one week, leaving TPG Capital backed Manipal Health Enterprises (MHE) and Hero Enterprise Investment Office-Burman Family Office in the fray. However, the management ...

Mumbai: The ongoing earnings results season, along with the heightened geo-political tensions in the Middle East and a key macro-economic inflation data point are expected to influence the Indian equity markets' trajectory during the coming week, analysts ...

If the Cauvery water-sharing dispute between Karnataka and Tamil Nadu -- dating back to 1892 between the erstwhile Madras Presidency under the British Raj and the princely Mysore state -- has exploded again into a war, the discord between Karnataka and Goa over dividing the water of the Mahadayi river simmers under the surface, says Radhika Ramaseshan.  The Congress might hope that the Karnataka government's decision to grant a 'minority' status to the Lingayat and ...