Sebi confirms interim curbs on Rajesh Exports, promoter over alleged fund routing

The composition of mutual fund ownership has changed significantly over the past 13 years, with corporates losing share while high-net-worth individuals (HNIs) and retail investors have increased their presence. According to the latest SEBI Handbook of Statistics, corporates accounted for 50.1% of mutual fund assets under management (AUM) in April 2013, but their share had…

India’s savings story has changed sharply over the past decade. While bank deposits remain the largest single destination, retirement-oriented and market-linked products together now account for a bigger share of household financial savings. According to Franklin Templeton India Mutual Fund’s report titled “Financialization of Savings in India – From Safety to Scale”, India’s financialisation journey…

The 8th pay commission is seeking candidates for full and part-time consultant roles on a contractual basis. Eligible applicants can send in their entries through a form on the CPC’s website, according to the posted notice. It added that the vacancies are for a fixed period and require “high end services or for attending to…

The government is planning to take pension awareness and retirement planning closer to rural households through a new community-based network of ‘Pension Sakhis’. The Department of Rural Development (DoRD) and the Pension Fund Regulatory and Development Authority (PFRDA) have signed an MoU to expand pension awareness, enrolment and post-enrolment support across rural India, according to…

Freelancing offers independence, flexibility, and the freedom to develop a variety of skills while opening up additional avenues for earning money. But that freedom also brings financial and operational risks that salaried employees typically do not face. For freelancers and gig workers, moving away from the security of a fixed monthly salary can be liberating….

A redevelopment firm’s provision of ₹8 crore towards compensation payable to tenants cannot be disallowed merely because the amount had not been paid or finalised, the Income Tax Appellate Tribunal (ITAT), Mumbai, has ruled. The tribunal held that the liability was an accrued business obligation arising from a redevelopment agreement and not a contingent liability,…