Capital markets regulator Sebi on Friday said investment advisers operating in International Financial Services Centre (IFSC) are required to have a net worth of $7,00,000 (around Rs 5.05 crore). Earlier, the net worth requirement for investment adviser (IA) in IFSC was $1.5 million. … [Read more...] about SEBI asks investment advisers operating in IFSC to have $700,000 net worth
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The India M-Commerce Insights Report said that the market is getting structured as a ladder between `Leaders’, `Challengers’ and `Strugglers’. While Flipkart and Amazon lead as the most engaged platforms, Club Factory is growing up fast among Challengers. … [Read more...] about Club Factory Emerges Top Challenger to Amazon, Flipkart: TechArc Report
The only bit of good news is that the number of new cases is dropping in China, but it’s early days yet and who’s to say that once the restrictions are relaxed it won’t flare up again. The Hobson’s choice is between making sure the virus has been stamped out and letting the economy suffer till then or try and get the economy moving soon and risk a recurrence of the disease, which could lead to the recovery becoming W-shaped. Xi Jinping has opted for the latter course, with his insistence that the 2020 economic targets for China should remain unchanged. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
For example, real growth in gross value added for 2017-18 was 6.1 percent in the first advance estimate -- it’s now estimated to be 6.5 percent. Agriculture was initially supposed to grow by 2.4 percent -- it’s now estimated to have grown by 3.4 percent. The first advance estimates put manufacturing growth in 2017-18 at 4.6 percent -- it’s now estimated to have been 5.7 percent. Estimates of growth in the construction sector rose to 5.7 percent from 3.6 percent. … [Read more...] about Opinion | Take the first advance GDP growth estimates with a pinch of salt
The chart shows that China’s re-balancing away from investment and export-driven growth is well underway. In 2018, the main driver of growth was consumption, which contributed 4.6 percentage points to the estimated 6.5 percent GDP growth. But December’s contraction in imports suggests that all is not well with consumption demand in China. That has already been shown by car sales, which contracted in 2018 for the first time since the nineties. … [Read more...] about Opinion | China faces two options: Domestic stimulus or trade truce with US