Fidelity criticizes money manager Fisher, who loses Philadelphia as client
BOSTON (Reuters) - Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia’s board of pensions terminated its business with his firm after he allegedly made disparaging…
Connected future: Digital to spearhead India’s $5 trillion economy ambition
y 2025, digital technologies are expected to generate trillion in economic value.The government has set a target of making India a $5 trillion economy by 2025, from $2.7 trillion in 2018-19 at a growth rate of close to 7%. According to…
AU Small Finance Bank may appropriate amounts fro Altico’s FDs on maturity
Jaipur-based AU Small Finance Bank had dues worth around `62 crore recoverable from the beleaguered Altico Capital.Stressed non-banking financial company Altico Capital and AU Small Finance Bank on Tuesday proposed settlement terms…
Bajaj Consumer shares tank as promoters sell 22%
The company’s share price is at a seven-year low, which led the promoter entity to sell shares before the lenders invoked the pledged shares.The promoter group of Bajaj Consumer Care on Tuesday sold 3.24 crore shares (22% of outstanding…
Buffett’s Berkshire seeks Fed leeway to boost BofA bet: Fed
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4,…
50% consumers prefer desi brands over foreign ones: Survey
Similarly, income levels are also least likely to have influence on consumer behaviour, it said. (Representational image)Nearly half of Indian consumers are preferring to own domestic brands over the international ones, a survey…
RBI slaps Rs 1 crore penalty on LVB, Rs 75 lakh fine on Syndicate Bank for violating norms
Penalty on LVB was imposed because of non-adherence to guidelines on certain IRAC normsThe Reserve Bank of India (RBI) has imposed a penalty of `1 crore on Lakshmi Vilas Bank (LVB) for non-adherence to certain provisions of Income…
Sebi levies Rs 30 lakh fine on 4 firms for fraudulent trading
The regulator has imposed a penalty of Rs 15 lakh on Remarkable Tracom Pvt Ltd, while Savasthi Investments Ltd, Reward Goods Pvt Ltd and Russel Towers Pvt Ltd have been fined Rs 5 lakh each.Capital markets regulator Sebi has levied a…