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Rs 50,000 crore Special Liquidity Facility for Mutual Funds Announced by RBI

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry …

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Video: Fireside Chat Session on “Investment Opportunities During this Pandemic”

It was During the World War 2 when the great Winston Churchill said “Every crisis brings opportunity “ Investors should see this as an opportunity and apply the same wisdom in times of crisis and turmoil rather than being fearful. With this thought in the background, New Vertical organized a Fireside Chat Session with our …

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HDFC Secures Stake of 6.43% in Reliance Capital

Housing Development Finance Corporation now owns 6.43 percent in Reliance Capital, after it invoked a pledge on the company’s shares, AxisTrustee Services, the security trustee for HDFC, has informed the stock exchanges, “These shares were acquired pursuant to invocation of pledge by security trustee on behalf of the Corporation, which was pledged against a loan …

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BUZZ WORD: Franklin Templeton to Wind Up 6 Indian Funds, Preserves Value for Investors

One of the first global financial firms to launch asset management operations in India more than two decades ago is taking unprecedented steps to lock in investor money as the coronavirus pandemic worsens credit market strains. Franklin Templeton is shutting six fixed-income and credit-risk funds run by its Indian unit, locking in Rs 30,800 crore …

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Facebook Jio Partnership Strengthens Ties – Opens Opportunities for Businesses in India

Facebook has bought a 9.9% stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL) in a deal that gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate to significantly cut debt. The deal values Jio at …

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