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Indian funds seek to reassure investors after shutdowns fuel redemption fears. The industry continues to remain robust. AMFI chairman Nilesh Shah

MUMBAI – Fund houses in India were battling to reassure investors on Friday, amid fears of a flood of redemption requests after the unprecedented closure of six debt funds by global giant Franklin Templeton. Franklin Templeton Mutual Fund, one of India’s most prominent mutual fund houses in fixed income, said on Thursday it would wind […]
Business

Lockdown due to COVID-19 has a drastic impact on the daily wage workers. Industries cannot be forced to pay wages to their employees during the coronavirus-induced lockdown, BJD MP Bhartruhari Mahtab

Industries cannot be forced to pay wages to their employees during the coronavirus-induced lockdown, BJD MP Bhartruhari Mahtab, who chairs the parliamentary panel on labour, said on Monday. Amid the countrywide lockdown to check the spread of the novel coronavirus, the parliamentary panel on labour on Thursday submitted its report on the Industrial Relations Code, […]
Business

How India’s new FDI rules towards China will impact the trade & commerce?. China has called the rules “discriminatory”.

India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets. The tougher rules were not a surprise, as other countries are also on guard against fire sales of corporate assets during the coronavirus […]
Business

Donal Trump fumes at China, threatens to terminate the trade deal with China if Beijing did not honour its provisions in the wake of the coronavirus pandemic that originated in the country.

Washington, Apr 22. US President Donald Trump has threatened to terminate the trade deal with China if Beijing did not honour its provisions in the wake of the coronavirus pandemic that originated in the country. While China has reported 82,788 novel coronavirus cases, including 4,632 fatalities, the US registered over 824,600 cases and more than […]
Breaking News Business

Mukesh Ambani Led Reliance JIO inks deal with Social Media giant Facebook. Facebook To Invest ₹ 43,574 Crore In Jio Platforms For A 9.99% Stake

Mumbai, April 22, 2020: Reliance Industries Limited (“Reliance Industries”), Jio Platforms Limited(“Jio Platforms”) and Facebook, Inc. (“Facebook”) today announced the signing of bindingagreements for an investment of ₹ 43,574 crore by Facebook into Jio Platforms. This investmentby Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value ($65.95
Business

India resumes limited business operations with conditions, Govt ensures no mass gatherings & free movement without following lockdown guidelines

India’s 1.3 billion population has been under one of the world’s toughest lockdowns with people forbidden from stepping out of their homes except for food and medicines until May 3. But Prime Minister Narendra Modi’s government said some activities, including factories and farming, would be allowed from Monday in the hinterland which has been less-hard […]
Business

Partial relaxation in Kerala. Kerala to implement odd-even scheme from today. The relaxations of restrictions imposed would come into effect in the Green and Orange-B zones in the state

The relaxations of restrictions imposed would come into effect in the Green and Orange-B zones in the state Thiruvananthapuram: The Kerala government announced relaxation of COVID-19 lockdown restrictions in two zones, allowing among others private vehicles movement in an odd-even basis and dine-in services at hotels from Monday. State police chief Loknath Behera said the
Breaking News Business

India tightens FDI norms for investors from neighbouring countries in the wake of COVID-19 pandemic. Move intended to restrict China to control indian companies via automatic route

New Delhi. A company or an individual from a country that shares land border with India can invest in any sector here only after getting government approval, according to DPIIT. The decision, which is likely to impact foreign investments from countries like China, has been taken to curb “opportunistic takeovers or acquisitions” of domestic firms […]

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How to make India future-ready? In an era of ever changing uncertainties.The truth of the matter is India’s monumental blunder years after years in preparing for the future. Have you ever realized that you are remembered only once in five year to vote & the rest of the time, you are treated as an unwanted object.Corruption? Incompetence? Bad planning?. Political corruption is always hard to fathom. Sure, greed typically is the devil paving the road toward graft. But the potential consequences are so severe for persons held in high esteem you would think any sane politician would run from the risk. Indian Affairs led by Satya Brahma, the visionary founder chairman & Editor—In-Chief of the illustrious Network 7 Media Group attempts to make an impact as he makes you the supreme.