The market was under pressure in July, due to renewed worries over the US-China trade war, concerns over economic slowdown and the income-tax surcharge on foreign portfolio investors.The mutual fund (MF) industry also experienced the heat of selloff. Nevertheless, it still fared better than the pack of heavyweights in Nifty.In July 2019, cumulative equity assets under management (AUM) stood at Rs 6,84,200 crore, down 5.46 percent while the benchmark Nifty corrected by 5.7 percent.Close As per data from Edelweiss Securities, the major contribution to the inflows of equity schemes came from large cap, focused, mid cap and small cap funds to the tune of Rs 6,000 crore. related news Banking wrap: RBI hikes deposit withdrawal limit for PMC Bank customers; lenders count on realty fund for NPA relief ICICI Bank expands branch network in Tamil Nadu ICICI Bank opens 57 branches in Andhra Pradesh, Telangana this fiscal Fund managers added large-cap private banks, utilities, energy and … [Read more...] about Fund managers bet over Rs 8.5K crore on these 6 stocks in July; do you own any?
Social network management software
Anand RathiLiving up to this spirit, the Indian economy seems to be coming out of the cycle of low growth and subdued sentiments. We are heading towards a slow but steady recovery in the second half of the current year and greater prosperity in the next financial year. Buoyed by better economic performance and significant policy reforms, especially the cut in the corporate tax rate, Indian equities have bounced back.The recent steps taken by the government suggest that rather than taking shortcuts or populist measures, the government is taking administrative and structural measures, which would improve the long-term performance of the economy.Close Earnings have beaten expectations led by autos and financials with pre-tax profits up 13 percent YoY and 6 percent ahead of expectations. related news Brokerages remain bullish, Cadila Healthcare share price up 3% Children's Day special! These 9 stocks could give bumper returns in the next 10 years Top buy and sell ideas by … [Read more...] about ‘India’s long-term outlook is good; invest in these 5 stocks for double-digit returns’
After three consecutive sessions of losses, shares of Infosys traded with gains on BSE on November 14, rising as much as 3 percent in the first half of the session.Shares of the company have been under pressure of late as reports of whistleblower complaints spooked investors.Weeks after a whistleblower complaint, the board of software major was sent a second whistleblower letter, which accused CEO Salil Parekh of “eroding the company’s value systems” by incurring high and unnecessary travel costs.Close This was the second whistleblower letter that has become public, the first of which levelled more serious charges against Infosys’ top management, including fudging of accounts, and which set off a share price plunge and a series of internal and external probes. related news Suven Life, FACT, HIL, Maharashtra Seamless share price rally 9-14% after healthy Q2 earnings Omaxe Q2 profit falls 61% to Rs 4.25 crore Lux Industries share price surges 13% on … [Read more...] about Infosys back in the green after 3-day losing streak; share price up 3%
Leonardo da Vinci had one. So did Pixar cofounder Ed Catmull. Dorothy Parker was famous for hers. advertisement advertisement Each of them belonged to a creative community that collaborated on projects and challenged the status quo. And if the idea of a creative collective was valuable in Leonardo’s day, it’s essential in modern times, as technological shifts and changes in the workplace (think of the gig economy with its tribes of nomadic freelancers) have made us more independent and isolated. Younger baby boomers change jobs at least 11 times, according to the Bureau of Labor Statistics. And Americans will spend three hours per day or more staring at their smartphones this year. It is no wonder, then, that creative communities are flourishing in an era of malaise and disconnect. The Wing, a coworking and community space primarily for women, has expanded to 11 locations in just three years. Social clubs, like Soho House and San Francisco’s Saint … [Read more...] about I started a creative community. Here’s why you need one too