Daily Market Analysis – 30th Apr 2021
20% salary of mutual fund managers to come by way of scheme units: SEBI A minimum of 20% of a fund manager’s salary shall be paid in the form of units of mutual fund schemes that they manage. Aside from fund managers, all other “key employees” of the fund house will also be covered, such as the chief executive officer, chief investment officer, and other employees that the fund house...
Daily Market Analysis – 26th Apr 2021
Steel Industry & Its Impact on Indian Economy Overview of the sector: India was the world’s second-largest steel producer in 2019. India surpassed Japan to become the world’s second-largest steel producer in 2019 with crude steel production of 111.2 million tonnes (MT). The country is ending FY21 with a total steel consumption of around 95-97 million tonnes of steel which is...
Daily Market Analysis – 11th Feb 2021
IRDAI annual report: LIC’s claim settlement ratio deteriorated in FY20 to 96.6% LIC saw its claim settlement ratio deteriorate marginally in FY20 to 96.6% from 97.7% in FY19 even as private insurers increased their settlement ratio to 97.18% from 96.6% in this period. Private sector life insurer Max Life had the highest claim settlement ratio for the industry at 99.2% followed by...
Daily Market Analysis – 20th Jan 2021
India planning tighter FDI rules for E-commerce segment The Department for Promotion of Industry and Internal Trade may issue a clarification through a Press Note, prohibiting e-commerce platforms from holding a stake in a seller, directly or indirectly. BharatPe, Centrum team up for PMC Bank bid Fintech platform BharatPe has put in a joint bid with financial services firm Centrum to...
Daily Market Analysis – 4th Nov 2020
NABARD gives clean chit to Reliance Commercial Finance Government owned National Bank for Agriculture and Rural Development (NABARD), the second-largest lender to Reliance Commercial Finance Limited with over Rs 1,100 crore of secured loan exposure, has given it a clean chit and has removed its red flag. NABARD had classified the account of RCF as a red flag on February 25, 2020....