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
Investing in internet startups
While festival offers drove Flipkart and Amazon installations during the period, Club Factory’s rapid growth among `Challengers’ is attributed to focusing on affordable range of products as well as charging zero commission from the sellers. Club Factory has also managed to reduce delivery time by as much as 30 percent with average positive product rating going up by 40 percent in 2019.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Club Factory Emerges Top Challenger to Amazon, Flipkart: TechArc Report
The world's largest online retailer has faced scrutiny over the health-related offers on its platform, and earlier this week Italy launched a probe into surging prices around the internet for sanitizing gels and hygiene masks while it battled the biggest outbreak in Europe. … [Read more...] about Amazon bars 1 million products for false coronavirus claims
There is, though, one respect in which this virus-induced crash is different. Central bank injections of liquidity cannot cure the disease, nor will they arrest its spread. As we have never tired of reiterating, the markets had run-up on a gush of liquidity unleashed by central banks around the globe. They have run up, as we have pointed out ad nauseam, far ahead of the ‘fundamentals’. They had gone up in the belief that central banks had the markets’ back and would rush to their rescue at the slightest wobble. That hope still exists, which is why the markets are now clamouring for a Fed rate cut in March and two more rate cuts this year. Central banks in China and some other Asian countries have opened their purses. Governments too are doing their bit — Hong Kong is planning to give all permanent residents above 18 a hand-out of HK$10000. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
This is not for a moment trying to take anything away from the importance of the work done by the Central Statistics Office. All that it means is that the estimates are just a first approximation, based, as the CSO itself has said, on extrapolation of trends in the first 6-8 months of the year. And if that is the case, the analysis of these numbers will differ little from the analyses already done on the first half GDP data. … [Read more...] about Opinion | Take the first advance GDP growth estimates with a pinch of salt