Bharat Biotech International Chairman Krishna Ella on August 10 said his company cannot rush to launch COVAXIN, India's first indigenous COVID-19 vaccine. "Safety and quality are paramount; we don't want to kill more people with the wrong vaccine," he said. … [Read more...] about Coronavirus Essential podcast | Why Bharat Biotech is not rushing to release COVAXIN; Russia to be the first country to register vaccine on August 12
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The entire mutual fund industry and institutions like insurance and pension funds depend on debt ratings for their total debt portfolios. SEBI has been concerned for long as to why mutual funds have no back up in-house rating department for independent vetting of the ratings received from agencies, said a former Deputy General Manager of SEBI who worked in its mutual fund department. … [Read more...] about WRAP: Is credibility of rating agencies under a cloud?
“Post clarity for markets with a clear election mandate, it is encouraging that equity inflows saw an overall increase of 17% for the month of May, with a sharp increase in Mid Cap Fund inflows which were up 160%, and Small Cap Funds up 50 percent," said Vishal Kapoor, Chief Executive Officer, IDFC Mutual Fund. … [Read more...] about AMFI Monthly: Credit risk funds see massive outflows in May; equity fund inflows up 17.5% MoM
Last 10 months have seen default by IL&FS group companies, rating downgrades of Dewan Housing Finance (DHFL) to 'default', a set of downgrades for multiple companies of Reliance ADAG Group and deadlock over the resolution of mutual funds’ exposure to Essel Group firms. … [Read more...] about Mutual funds add 5.5 lakh folios in May; liquid funds lead; equity funds hit