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Loans against FDs surge to highest in a decade

Updated at : 2023-04-27 07:50:05

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Loan against FD (Fixed Deposit) is a type of secured loan where customers can pledge their fixed deposit as security and get a loan in return. The amount of the loan depends on the FD deposit amount. This can go up to 90% – 95% of the deposit amount.

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Even though trustees have no role in the day to day functioning of VC and alternative investment funds (AIFs), the regulator seems to be taking a stance where trustee companies should play a more active part in stepping in to prevent oversight, violations, and slip-ups by fund managers.

​​FIAKS, a cross-border platform comprising over 5,000 members, will carry out research, development, and designing of digital content under the programme FIAKS Digital Shiksha Prasaar Abhiyaan along with other partners.

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The company - which fell short of attaining the 2 million annual sales milestone by around 34,000 units in the last financial year - said with a slew of new launches planned in the fast-growing SUV segment, it expects to outperform industry growth of 5-7% projected for the ongoing financial year.

NSE tweaks equity indices methodology

Updated at : 2023-04-27 07:50:05

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The spun-off business, or entity, which is the newly-listed entity, shall be removed from the index after the end of day on the third day of its listing, said NSE in a circular.

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These instruments, which are listed on the BSE and NSE, could return 11.5% to investors with a lower tax outgo. Investors should buy these instruments to hold till maturity as liquidity is low.

Hunt said the manufacturing services had a particularly strong year, led by the commercial-scale biologics manufacturing business, which had a busy fourth quarter supporting partnership with Zoetis, following successful regulatory inspections by the US, European and UK regulatory authorities

Sebi bars six for false tips on Telegram

Updated at : 2023-04-26 23:20:04

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They also engaged in spreading false and misleading messages recommending buying specific stocks in the Telegram channel and booked profits from the resulting impact on price and volume of the recommended stock, SEBI said in its order.

Indus’ profit for the January-March quarter was Rs 1,399 crore compared to Rs 1,829 crore in the same period last year. Its revenue for the March quarter was Rs 6,753 crore, down 5% from the March 2022 quarter (Rs 7,116 crore).

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