How globalization affects the economy

Opposing the Centre's decision to hive off or disinvest shares in several PSUs, West Bengal Chief Minister Mamata Banerjee on Thursday contended that Prime Minister Narendra Modi should talk to experts and all political parties to tide over the economic crisis.Banerjee asserted that shoring up funds by selling off government stake in central public sector firms can only provide temporary respite."The Centre should look for a permanent solution instead of advocating stop gap measures. Unless there is economic stability, such measures cannot be the solution," she told newspersons here.Close While an elected government should be allowed to work independently, "it should also seek opinion of all other parties" on issues affecting the country, the Trinamool Congress supremo noted. related news Jammu and Kashmir: Kin of political prisoners bring heaters, blankets to Srinagar 'jail' as mark of protest Bank unions to stage dharna before Parliament on December 10 Detained under PSA, … [Read more...] about PM Modi should talk to experts, political parties to tide over economic crisis: Mamata Banerjee

Rising oil prices and global liquidity are the biggest risks for Indian equity markets, according to Alok Singh, Chief Investment Officer, BOI AXA Mutual Fund.The foreign portfolio outflow in April stood at Rs 15,561 crore and Rs 29,775 crore in May, taking the aggregate for the first five months of this year to a net outflow of Rs 32,078 crore.On the other hand, last year the FIIs were net buyers in the same period, with net inflow of Rs 51,000 crore.Close Brent crude rose 27 cents to $75.65 a barrel on Tuesday, with oil prices hitting two year highs in the first half of the year. 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 In a freewheeling interview with Moneycontrol, Singh tells that the fund house follows a bottom up stock selection strategy and is optimistic on consumer discretionary, … [Read more...] about BOI AXA Mutual Fund’s Alok Singh likes consumer discretionary, metal and NBFC shares

Employees of a mid-sized insurance company were shocked when their company got new promoters after a private equity (PE) firm invested in it.They were now required to undergo a background verification process. This was a surprise as they had been through a thorough verification at the time of joining and even old-timers were expected to repeat the process.The situation turned grim when the PE firm found inconsistencies in the background of three individuals. Of these, one was let go because he failed to disclose an alleged cheque bounce case registered against him.Close This incident is not a one-off case. As merger and acquisition (M&A) activities pick up in the country, there has been a rise in re-screening of employees in the target organisation. related news British Airways says flights hit by glitch These three factors are giving sleepless nights to Indian entrepreneurs Nazara to invest $20 mn in startups in 2020 While background verification is the norm across … [Read more...] about Background verification: M&As drive multiple screening of employees in India Inc

After a fantastic year for Indian equity markets, domestic mutual fund industry experts are hoping for another blockbuster year in 2018.The year 2017 was one of the best years for mutual funds in recent years as the industry matured and attained some level of sustainability. In fact, this was the best ever year for Indian retail investors because unlike most of the previous bull runs, which were led by FIIs, this one was led by domestic retail inflows.The Indian markets were on a roll in 2017 with indices delivering around 27-28 percent return between January and December. Indices clocked fresh milestones frequently after Nifty first hit an all-time high of 10,000 in July. The Nifty has largely traded above the 10k-mark since then, running parallel to the Sensex, which hit 34,000 for the first time on December 26.Close Domestic investors have really been the big drivers for this market, especially through the mutual fund (MF) route. In nine out of the 11 months till November, equity … [Read more...] about MFs had a terrific run in 2017, but can they create wealth for investors in 2018?

Life insurance and asset management companies (AMC) are likely to be high-growth businesses due to the financialization theme that is playing out, Rusmik Oza, Head of Fundamental Research, Kotak Securities, says in an interview to Moneycontrol’s Kshitij Anand.Edited excerpts:Close Q) What is your assessment of the September quarter earnings? If you had to describe them in one word, what would that be? What were the highlights?Rusmik OzaHead of Fundamental Research|Kotak Securities 'Corporate tax cut will boost earnings by 15-20%; HDFC Bank, ONGC, M&M among 20 cos to benefit the most'Cement, oil & gas among 3 sectors likely to outperform; here’s why'Nifty unlikely to test 12,000; expect the slump in earnings to continue in Sept quarter'A) If one has to summarise the September quarter results in one word, it would be ‘Decent’. Further, if it needs to be summarised in a sentence, it would be ‘Optically healthy on earnings, due to corporate … [Read more...] about Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty