Back in July, the BBC reported that Blackbaud, a global provider of education administration, financial management, and fundraising software was hit by a major data breach in May 2020. At the time, the hack was known to have affected at least nine universities, mostly international ones. But as of today, major universities in the U.S. have also been confirmed to have been affected by the hack. … [Read more...] about Hackers grab data about Harvard, Emerson, and Boston U students and donors
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The entire mutual fund industry and institutions like insurance and pension funds depend on debt ratings for their total debt portfolios. SEBI has been concerned for long as to why mutual funds have no back up in-house rating department for independent vetting of the ratings received from agencies, said a former Deputy General Manager of SEBI who worked in its mutual fund department. … [Read more...] about WRAP: Is credibility of rating agencies under a cloud?
Sanjeev Sanyal: If there is a case about doing things, in certain sensible sequence. Simply distributing money is a cost. Remember, eventually we have to repay it as taxpayers and future generations will have to pay interest on it. So, none of this is free. So, if use your ammunition's upfront free, whatever it is in testing ... you have to be sure that you ran up your debt and achieve the objective is achieved. The point I am making is that we were calibrated at a point that the amount of spending we were making were own revenue which were shrinking. We have to be careful about what we did, doesn't mean we are not willing to do it or we do not feel there is a need to support demand. we have some space on the monetary and fiscal side, we have more space that we think. Our debt to GDP ratio is much lower than that of virtually every developed country in the world. So, we have such space and that space has to be sensibly used and not simply just because we have a demand … [Read more...] about Exclusive I Sanjeev Sanyal on economic recovery, IBC, financial doles, gold monetisation scheme and more
A: Assuming this refers to the equity market. New investors need to be cautious since volatility can put them off equity investing. While markets are trending higher post the election results, this does not rule out volatility further down the year. Factors such as earnings growth, economic growth indicators, inflation, and global developments can reintroduce volatility. … [Read more...] about Investors have turned cautious due to debt crisis in MF industry, says FundsIndia Founder
"The Asset Management Company proposes to create a segregated portfolio of securities DHFL held by captioned schemes immediately after expiry of mandatory load free exit period of 30 days, subject to approval by Trustee of Tata Mutual Fund. Ongoing subscription in these schemes has already been suspended," said Tata Mutual Fund in a press release. … [Read more...] about DHFL Crisis: With mutual funds on wait-and-watch for payments, will SEBI step in?