India's mutual fund industry is witnessing a major shift as more investors are now adopting long-term goal, buy-and-hold strategies, according to a report by Motilal Oswal Financial Services.
The investigative agency made its claims in the remand application filed before a court after the arrest of Al-Falah group chairman Jawad Ahmed Siddiqui on late Tuesday evening.
After considering the grounds raised in the plea, a bench led by the Chief Justice of India (CJI) BR Gavai on Tuesday issued notice to the central government, the Central Bureau of Investigation (CBI), and the Enforcement Directorate (ED), seeking their responses to the plea.
A cluster of nine shell companies registered at the same address has also drawn the agency's attention, and the investigators believe these entities were created to route funds or obscure beneficial ownership.
According to the petition, the Chief Minister urged the Prime Minister to ensure "the establishment of AIIMS in Raichur, fixing of sugarcane prices, release of funds for flood relief of Rs 2100 crore and release of funds for major irrigation projects."
New Delhi [India], November 17: When a mutual fund house introduces a new scheme to the market, it does so through what is called a New Fund Offer (NFO). This is the phase when investors may subscribe to a fund at its initial offer price, generally Rs. 10 per unit for equity and hybrid funds
Jan Suraaj Spokesperson and one of the key architects of the Party, Pavan Verma, raised serious allegations that funds from the World Bank meant for some other project were diverted for the Bihar Assembly elections by the central government and distributed to women voters in the state.
The Enforcement Directorate (ED) has arrested Swaraj Singh Yadav, the key person and Managing Director of Ocean Seven Buildtech Pvt Ltd (OSBPL), for his role in the laundering and diversion of funds collected from homebuyers across multiple projects, the agency said on Saturday.
Pune (Maharashtra) [India], November 15: As an investor, one of the key considerations in your financial journey may be to strike a balance between potential returns and your overall investments. Sector-focused funds may be a way to do this, as they allow you to channel your money into parts
The central government has so far supported as many as 128 startups nationwide with Rs 257.77 crore corpus under the Electronics Development Fund (EDF).