New Delhi [India], January 18: Max Life Insurance CompanyLtd. ("Max Life"/ "Company") has introduced the 'Midcap Momentum Index Fund' (SFIN: ULIF02801/01/24MIDMOMENTM104) in the ULIP segment. The new fund offering is structured around the Nifty Midcap 150 Momentum 50 Index, which has display
Mumbai (Maharashtra) [India], January 18: In recent years, the Indian stock market has witnessed a significant upsurge in trader participation. Retail traders, in particular, are increasingly investing in the markets directly or via mutual funds. Between November of 2022 and 2023, retail
In her address, Georgieva brought attention to the staggering figure of USD 1.3 trillion spent on direct fossil fuel subsidies. She advocated for a strategic and immediate reallocation of these funds to support initiatives addressing climate change.
The United Nations Children's Fund (UNICEF), has declared that it will shortly open approximately a thousand educational classes in Afghanistan, Khaama Press reported.
The Directorate of Enforcement (ED) has provisionally attached properties worth Rs 5 crore (approximately) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, as part of an investigation against some Jammu and Kashmir-based operatives who channelled funds for terrori
The Ministry of Home Affairs (MHA) has cancelled the Foreign Contribution Regulation Act (FCRA) registration of New Delhi's leading public policy research institution Centre for Policy Research (CPR) for allegedly violating certain foreign funding norms that included "misutilisation of fo
The loan was approved after the IMF Executive Board completed its first review last week, bringing the total disbursements under the USD 3 billion Standby Arrangement (SBA) to about USD 1.9 billion.
"230 million women received their bank accounts for the first time courtesy of the Jan Dhan Yojna. Of the 400 million loans given out, 70 per cent of beneficiaries were women with women-owned businesses, which means, 280 million women-owned businesses received funds. The NPA was less than 2.
First Deputy Managing Director at the International Monetary Fund (IMF), Gita Gopinath, called for a need for a solid information architecture for the banking sector when it comes to funding climate infrastructure projects.
Pune (Maharashtra) [India], January 17: Bajaj Finserv AMC has introduced two new fund offerings, namely Bajaj Finserv Nifty 50 ETF and Bajaj Finserv Nifty Bank ETF, which became available for subscription on January 15, 2024. Marking the company's foray into the ETF market, this strategic in
The demand for eliminating the Security Transaction Tax (STT) is gaining momentum, and its removal is expected to attract more investors to the domestic equity markets.
In a statement released on Wednesday, CPR said that it received notice of the FCRA status cancellation on January 10, 2024, with reasons cited that the institution found challenging and that questioned the fundamental functioning of a research institution.