The regulator in January came out with guidelines for entities operating as investment advisers in IFSC and said that any recognised entity desirous of operating in IFSC as an IA, may form a company or LLP (limited liability partnership) to provide investment advisory services. … [Read more...] about SEBI asks investment advisers operating in IFSC to have $700,000 net worth
Investing to startups
According to the report, 67 percent of the users shopped using an app, while remaining accessed the online store through browser using Smartphones. India, a mobile-first economy, is increasingly consuming digital services and applications including e-Commerce over Smartphones. … [Read more...] about Club Factory Emerges Top Challenger to Amazon, Flipkart: TechArc Report
Nevertheless, it’s very likely that central banks will once again ride to the rescue. For several reasons: one, they have done so for far less reason; two, they will say it is necessary to keep confidence up; and three, it takes several months for a monetary stimulus to be effective, so cutting early may help the economy recover once the impact of the virus ebbs -- of course, that will also fuel the mother of all market rallies then. More importantly, central bank action may be needed to ensure that small businesses do not fold up and that banks relax their norms for classifying loans as bad. … [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
But while they may recognise the need for a stimulus, China’s very high levels of corporate debt make a balancing act necessary. That is why reports indicate only a modest increase in the budget deficit from 2.6 to 2.8 percent this year. There’s also the risk that any excess stimulus will only lead to higher property prices. China’s recent efforts at boosting lending have been targeted at specific sectors. … [Read more...] about Opinion | China faces two options: Domestic stimulus or trade truce with US