The multi-cap category generated maximum wealth for the ultra-rich in 2019, data from PMSBazaar.com showed.Even though small & midcap indices recorded double-digit fall from their respective record highs, select quality names created wealth also, suggest experts.Data for PMS schemes for the period December 1, 2018 to November 30, 2019, highlighted that the multi-cap category was a winner.Close As many as 30 out of 55 schemes covered by PMSBazzar.com under the multi-cap category gained 10-27 percent in the 1-year period, data showed. related news Market Headstart: Nifty50 seen opening flat; Yes Bank, Bharti Airtel eyed What changed for the market while you were sleeping? Top 10 things to know Early on D-Street | Selling pressure could increase if Nifty fails to hold 11,844 Portfolio Management Services cater to wealthy investors. The minimum ticket size of these schemes was raised from Rs 25 lakh to Rs 50 lakh recently by SEBI. The professional fee charged by … [Read more...] about Wealthy investors made 10-27% gains from multi-cap schemes in 2019; should you bet?
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Sharing emotion-driven narratives that resonate with other people is something humans are quite good at. We’ve been sitting around campfires telling stories for tens of thousands of years, and we still do it. One reason why is because it’s an effective way to communicate: We remember stories. advertisement advertisement But what makes for good storytelling? Mark Magellan, a writer and designer at Ideo U, puts it this way: “To tell a story that someone will remember, it helps to understand his or her needs. The art of storytelling requires creativity, critical-thinking skills, self-awareness, and empathy.” All those traits are fundamentally human, but as artificial intelligence (AI) becomes more commonplace, even experts whose jobs depend on them possessing those traits–people like Magellan–foresee it playing a bigger role in what they do. Using AI To Read A Crowd Connecting with an audience has always been something of an art … [Read more...] about Why Google, Ideo, And IBM Are Betting On AI To Make Us Better Storytellers
The Citizenship (Amendment) Bill, 2019 will be introduced in the Rajya Sabha on December 11. The Bill is likely to be taken up for consideration and passing following a debate.After having been debated for many hours, the contentious Bill was passed in the Lower House on December 9, with 334 members favouring it and 106 voting against it.Several amendments brought by opposition members, including one by a Shiv Sena Member of Parliament (MP), were defeated either by voice vote or by division.Close The Bill seeks to amend the Citizenship Act, 1955. According to the Bill, members of Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities, who have come from Pakistan, Bangladesh and Afghanistan till December 31, 2014, facing religious persecution in their respective native countries, will not be treated as illegal immigrants and stand eligible for Indian citizenship. related news Manmohan Singh among 8 parliamentarians honoured by Venkaiah Naidu Six dead, including a cop … [Read more...] about Citizenship (Amendment) Bill in Rajya Sabha today: Protests rock Northeast; BJP confident of passage
Hetal DalalRecent failures have given enough reason to believe that directors need to have greater awareness of their fiduciary responsibilities. Of the recent failures — several on account of corporate governance lapses — had boards with well-established directors that failed in executing their fiduciary responsibilities. The IL&FS and CG Power are cases that come quick to mind. Leave aside abject failures, but governance practices in well-established companies also raise questions on the role of independent directors.That shareholders have to vote against remuneration resolutions or stock option schemes raises questions on whether the nomination and remuneration committee (NRC) has used objective benchmarks to decide executive compensation. Whistle-blower letters that go directly to the regulator rather than through the company’s own policy and process are, to some extent, a reflection of the trust commanded by the company’s board and leadership. Related … [Read more...] about Policy | Independent directors need training, not eligibility criteria
Eight parliamentarians, including former prime minister Manmohan Singh, were on December 10 honoured by Vice President M Venkaiah Naidu for their contributions in strengthening parliamentary democracy.Former Prime Minister Singh and Samajwadi Party leader Mulayam Singh Yadav were conferred the Lifetime Achievement Award at the Lokmat Parliamentary Awards.Best parliamentarian of the year award was conferred on Saugata Roy, Lok Sabha member from TMC and former minister of state for urban development, and Tiruchi Siva, Rajya Sabha member from DMK.Close Four women MPs from both Houses were also awarded for their contributions. related news West Bengal govt proposes to trim Governor's powers over universities Citizenship (Amendment) Bill an attempt by 'Modi-Shah govt' to ethnically cleanse Northeast: Rahul Gandhi Amazon brings Fire TV edition smart TVs to India, partners Onida NCP leader Supriya Sule and Congress leader Viplove Thakur were conferred the best women … [Read more...] about Manmohan Singh among 8 parliamentarians honoured by Venkaiah Naidu