Industry body FICCI on Thursday hailed the centre's go-ahead to the sale of its stake BPCL, SCI and Concor stating that the move would strengthen the performance of these companies and bring in fresh investments for both modernisation and expansion."It is encouraging to see the government take further steps to push the reforms agenda as well as address some of the critical pain points of industry.The decision to undertake strategic disinvestment and transfer management control in entities like Shipping Corporation of India (SCI), Bharat Petroleum Corporation Limited (BPCL) and Container Corporation of India (Concor) are welcome," Ficci President Sandip Somany said in a statement.Close Further, the decision to give greater operational authority to the board of National Highways Authority of India (NHAI) and enabling it to securitise user fee receipts for raising long-term funds from banks is another major positive, Somany said. related news IOC, other PSUs not to bid for … [Read more...] about Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI
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Subir RoyMoneycontrol ContributorThe Odisha government has taken an important step to address rural distress and has come up with the Krushak Assistance for Livelihood and Income Generation (KALIA), which seeks to overcome the shortcomings of earlier attempts in the country in the same area.First came the debt waiver schemes, which addresses the immediate crisis in the lives of debt-ridden farmers, but does nothing to improve farm economics. Also, their scope is limited, as only institutional loans are covered. Loans from moneylenders are not covered.Close Worse, loan waivers harm credit discipline (the need to repay loans) and the viability of the entire agricultural credit system. related news Cube Highways bids Rs 5,011cr to bag third TOT bundle: Report KfW to lend Rs 1735cr to Andhra Pradesh for zero budget natural farming CCEA approves amendments to 'Toll Operate Transfer' model for national highways Then came the recently introduced Rythu Bandhu scheme in Telangana, … [Read more...] about Opinion | Odisha’s KALIA is the best scheme yet to address rural distress
Launched in April last year, the ImpactUs marketplace was supposed to open up impact investing to new organizations and new funders. It was meant to be a major development in the emerging–but still limited–field of investing for both financial, and social and environmental, benefit. But, little more than eight months later, it has closed. “The ImpactUs Marketplace was formed with the goal of simplifying the impact investing process,” reads a message on the group’s website. “Unfortunately, we have had to make the difficult decision to cease operations.” advertisement advertisement By making it easier for investors and mission-driven organizations to find each other and do business, the Kickstarter-like platform was set to spur major “new deal flow,” according to its founders. They hoped to be doing deals worth $100 million by now, and to have $3 billion in assets under management within 10 years. But … [Read more...] about This Impact Investing Platform Was Set To Be A Game-Changer. So Why Did It Fail?
Small cap equity funds category was the best pick in 2017, delivering the highest average returns of a whopping 55.87 percent across all categories.In comparison, S&P BSE Small Cap Index gave 60.60 percent returns.Among the best-performing funds in 2017, SBI Small & Midcap Cap Fund topped the chart, with a whopping 80 percent gains between January and December.Close “Overall (small cap) category has witnessed a rise of 50 percent. This (SBI Small & Midcap) Fund managed to contain its AUM (asset under management) as it had stopped accepting fresh investments,” Vidya Bala, Head of Mutual Fund Research at FundsIndia.Himadri BuchAssistant Editor|Moneycontrol.com Essel Group stake sale in Zee: Will it release logjam for MFs?SEBI move to up minimum PMS investment could benefit mutual fundsExclusive | L&T MF CIO Soumendra Nath Lahiri resignsThe scheme deploys a diversified portfolio of equity and equity-related securities of small and midcap companies and is … [Read more...] about Small cap funds best performers of 2017 on returns chart; long-term gilt funds lag
BOI AXA Mutual Fund is aiming to mop up Rs 100-200 crore through the new fund offer of BOI AXA Arbitrage Fund, said Alok Singh, Chief Investment Officer, BOI AXA Mutual Fund.“Looking at the recent launches in the similar category from other fund houses, we believe our fund should be able to collect Rs 100-200 crore from this new launch,” Singh told Moneycontrol.The open-ended scheme will open for subscription on May 31 and close on June 14.Close Arbitrage Fund strategy involves taking advantage of the price differential of the stock between the cash market and the futures market. related news Kiran Mazumdar Shaw settles alleged insider trading case with Sebi in Infosys matter Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk OYO appoints Betsy Atkins as independent director The fund manager simultaneously buys shares in the cash market and sells it in futures or derivatives market. The difference in the cost price and selling price is the … [Read more...] about BOI AXA Mutual Fund aims to garner Rs 200 crore via arbitrage fund NFO