Buy the Ferrari, by all means, on the day you become the person who has earned it. Until then, it’s fine to admire one zooming past, and getting on with the un-Ferrari years that are the real work.
Mumbai: Rich investors eyeing a debt-oriented portfolio with higher returns and better tax efficiency are considering niche plans offered by mutual funds and the newly created specialised investment funds. These structures bundle together high-yielding debt, equity arbitrage, REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) among other securities that boost returns while minimising…
Government employees cannot be denied pension and other retirement benefits solely because they remained absent from work without sanctioned leave, the Orissa High Court has ruled. The court held that unauthorised absence, by itself, does not amount to grave misconduct warranting compulsory retirement unless the employer establishes that the absence was wilful. The judgment came…
ETMarkets analysed mutual fund portfolios to identify stocks held exclusively by a single mutual fund scheme. In the initial screening for June 2026, 184 such stocks were identified. The list was then narrowed to stocks with equity mutual fund holdings worth more than Rs 10 crore as of June 2026, resulting in a final shortlist…
Mutual funds bought five midcap stocks, including Lenskart, Meesho, JSW Infrastructure, NHPC and Ajanta Pharma, in June. These stocks witnessed net purchases worth over Rs 10,000 crore during the month.
ICICI Bank is close to raising at least $500 million through five-year dollar-denominated bonds as it looks to tap the Reserve Bank of India’s concessional dollar-rupee swap facility, sources familiar with the matter said. The bonds would be raised under SEC’s144A rules that allows companies to raise capital rapidly from Qualified Institutional Buyers (QIBs) in…
MUMBAI: Shares of Cairn India Ltd on Friday climbed over 5 per cent to hit a record high of Rs 358 on the BSE amid reports that Vedanta Resources is in talks to buy a majority stake in the subsidiary of UK-based Cairn Energy. The scrip, which was flat for most of the session, shot…