r

Four ways to review and modify asset allocation in mutual funds

As the financial markets scenario is changing, it is important to review and modify (if needed) the existing asset allocation. However, before going ahead, you should consult your financial advisor.




r

Sunday ET: Labour laws: Indians in Gulf forced to return or look for greener pastures

Back home, the workers are looking to start afresh. Their best bet seems to be rehabilitation packages.




r

9 more NRI police stations being set up in Punjab

Punjab Minister for NRI Affairs Bikram Singh Majithia said they were being set up keeping in view the demand for more such police stations by the NRI community.




r

Weak currency makes Asia-Pacific cities cheaper for expats: Survey

In India, Mumbai has emerged as the most expensive city for expatriates and was ranked 118 in the Index. Last year Mumbai was ranked 114th on the list.




r

1.34 lakh Indians return, government watching situation in Saudi Arabia

Asked whether Indians are being targeted abroad, Overseas Indian Affairs Minister Vayalar Ravi said, "One cannot make such a general statement."




r

Fresh drive to help illegal Indian workers in Saudi Arabia

The number of Indians who left during the grace period till October-end is 1,34,281, the Indian Embassy here said in a statement.




r

New customs form for passengers coming to India from tomorrow

All passengers coming to India will have to fill in a new detailed customs form on their arrival from tomorrow.




r

Indian students with foreign degrees returning home: Lessons India can learn from China

High costs, poor job prospects and wrangles over work permits are persuading a host of Indian students with foreign degrees to return home.




r

Over 3,500 Indians back from Iraq in last 30 days

There were about 10,000 Indians before the start of the serious strife between government troops and Sunni militants backed by al Qaeda in Iraq.




r

Growing trend: NRIs return home to work as economy surges

The trend of Indians returning from abroad to work here has picked up pace with the recovery in the country's economy.




r

1700 Indian workers arrested or deported from Kuwait: Government

The minister said the government has already set up an Indian Workers Resource Centre in Dubai and will set up two more in Saudi Arabia and Malaysia.




r

India to evacuate nationals from South Sudan

South Sudan's capital is witnessing heavy fighting due to clashes between former rebels and government soldiers in several parts of the city.




r

NRI body seeks rehabilitation package for returnees

The meeting also decided to explore possibilities of setting up an industrial complex in Maharashtra to rehabilitate returnees, Pallykandi said.




r

4870 Indians return from Saudi after job-related issues: Government

V K Singh said presently, a section of Indian workers facing difficulties in two major Saudi companies -- Saudi Oger and the Saad Group -- are being brought back to India.




r

20,000 Indians to return from Saudi Arabia via amnesty scheme

Around 1,500 blue collar workers from Tamil Nadu are among those who are using the amnesty to come back to the country.




r

Why children of H-1B workers may now have to leave America

The United States Citizenship and Immigration Services receives about 1,00,000 green card applications from high-skilled applicants of Indian origin every year.




r

Mahindra unveils online car buying platform

The company in its statement said that in 4 steps, a customer can avail of online exchange, finance and insurance, personalize & own their chosen Mahindra vehicle.




r

Paytm Payments Bank crosses Rs 600 crore in fixed deposits

"During this period of volatility in other asset classes, a large number of PPB bank account holders are moving their savings into fixed deposits during the ongoing lockdown," stated Paytm Payments Bank.




r

Franklin Templeton Mutual Fund apologises unconditionally to Sebi

The fund house claimed that media outlets quoted its CEO Jenny Johnson out of context.




r

Sony cuts television prices up to 20% to spur demand during Covid-19

The company has cut prices anywhere from Rs 2,000 on the smaller screen televisions going up to Rs two lakh on a flagship 85-inch model apart from rolling out long tenure no-cost EMI schemes and bundling offers. It has launched a new 85-inch model at Rs 5.9 lakh bringing down its earlier pricing structure of Rs 10 lakh in this screen size.




r

PMSes thrilled rich investors in April with up to 26% returns

Almost all the 147 PMSes delivered positive returns to investors during the month.




r

Exide Life's term policy sales jump 200% in April due to COVID-19: COO

However, Ashwin B added that there has been a significant drop in sales of non-term policies, witnessing a decline of 50 per cent.




r

10-year benchmark bond yields fall 14 bps more this week to hit levels last seen in 2009

A hike in taxes on fuels, which will add to government’s revenue, helped lift sentiment.




r

​Debt, hybrid mutual funds see large outflows in April; advisors blame Franklin fiasco

The Franklin Templeton Mutual Fund fiasco seems to have hit the debt mutual fund space very hard. The data released by Association of Mutual Funds in India or Amfi reveals that most debt mutual fund categories have witnessed outflows in the last month.




r

Union Bank of India cuts MCLR by up to 15 bps across all tenors

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.




r

PNB Housing Finance cuts retail lending rates by 15 bps for existing customers

"We have decided to take this initiative to help our customers to overcome this pandemic and drive growth in the housing sector. With this, over 2.35 lakh of our customers will be positively impacted irrespective of their base loan amount," PNB Housing Finance Managing Director and CEO Neeraj Vyas said.




r

Lockdown period not to be counted for determining residency status of NRIs, foreign nationals: CBDT

India has allowed discounting of prolonged stay period for determining the residency status in relief for NRIs.




r

Donations to Shri Ram Janmabhoomi Teerth Kshetra eligible for exemption from income tax

In a notification issued Friday, the Central Board of Direct Taxes (CBDT) allowed tax exemption to donations under Section 80 G of the Income Tax Act, on the grounds that the structure would be a “place of historic importance and a place of public worship”.




r

YES moratorium: Credit firms can retain ratings of borrowers who couldn’t pay in March

The non-state lender on its part is not reporting such customers to these institutions.




r

Young working professionals to cut down expenses as post-Covid world brings uncertainty, job loss

Categories like essentials, at-home entertainment, health and insurance continue to show greater resiliency.




r

Political Praxis

If rulers can change the law to suit themselves, the rule of law does not exist, even if the laws are applied uniformly to the rest of society.




r

Market Trends

Major shifts in the composition of the S&P 500 since the mid-1990s have led to a higher aggregate profit margin for the index.




r

Changing Tra

A second general lesson is that critical mistakes in any phase can have a devastating impact, slowing momentum and negating hard-won gains.




r

On Smart Strategy

The smart, connected products — made possible by vast improvements in processing power and device miniaturisation and by the network benefits of ubiquitous wireless connectivity — have unleashed a new era of competition.




r

Smarter Gadgets

Despite all the interest in eye-catching designs, cognitive science suggests most opportunities for the IoT will arise by creating useful offerings.




r

Managing Tomorrow

“It is information,” he wrote, “that enables knowledge workers to do their job.” This is especially true for executives.




r

The Power of Ideas

Most of us are a lot like those monkeys. On the upside, we learn from one another, we don’t let down our mates, and we get along.




r

Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director

Apart from Paranjpe, HN Motiwalla, Rammohan N Bhave and Thomas Panamthanath are other independent directors of the company while TC Suseel Kumar is a nominee director on the board of LIC Mutual Fund Trustee.




r

"Change law that mandates 120 days' stay in India to qualify as NRIs"

A law requiring 120 days' stay in India to claim Non-Resident Indian (NRI) status needs to be changed, an association representing NRIs has demanded, citing economic disruptions due to the coronavirus pandemic.




r

Canadian permanent residents stranded in India as special flights are only accommodating citizens

In official emails to permanent residents who have enquired about the availability of these flights, the high commission has indicated that at this point, the flights are available only to Canadian citizens and their immediate family members who are permanent residents and accompanying them on the flights.




r

Indian-American Ro Khanna appointed to White House COVID-19 advisory council

Khanna, 43, is the only Indian-American lawmaker to be named to the White House's Opening Up America Again Congressional Group which comprises Congressmen from both the Republican and the Democratic parties.




r

COVID-19: Many Indian-American doctors in frontline make ultimate sacrifice

Indian-American Dr Madhvi Aya, who contracted the coronavirus in the line of duty in New York, the country's COVID-19 epicentre, could only exchange text messages with her husband and daughter from her hospital bed before she lost the battle to the deadly virus.




r

Trump's plan to suspend immigration would affect Indians waiting to migrate to US

Trump's plan to temporarily suspend immigration in view of the Covid-19 pandemic and to protect American jobs, has shocked Indian IT companies and technology professionals. As they anxiously await how the restrictions will pan out, New York-based immigration lawyer Cyrus D Mehta explained its likely impact.




r

Indians among worst COVID-19 affected ethnic groups in England

Figures released this week by the National Health Service England show that of the 13,918 patients who died in hospitals till April 17 after testing positive for the novel coronavirus, 16.2 per cent were of black, Asian and minority ethnic (BAME) background and those identifying with Indian ethnicity made up 3 per cent of that.




r

Indian-American lawyer Seema Nanda to step down as CEO of Democratic Party

Seema Nanda has announced her decision to step down as the CEO of the Democratic National Committee, the top administrative position in the main Opposition party, ahead of the presidential elections in November.




r

Indian-American woman elected to American Academy of Arts and Sciences

Renu Khator, an Indian-American university chancellor, has been elected to the prestigious American Academy of Arts and Sciences for her contributions in the fields of education and academic leadership.




r

BR Shetty: The staggering rise and incredible fall of a billionaire

BR Shetty landed in Abu Dhabi with $8 in 1973 and turned his sweat into a personal fortune worth billions.




r

Three Indian-Americans part of COVID-19 advisory board on New York's re-opening strategy

New York is the epicentre of the pandemic in the US and currently has 295,106 COVID-19 cases with over 17,000 deaths.On Tuesday, 337 people died of the disease in the state.




r

Indians at greater risk from COVID-19 in UK's health sector: Report

"Indian men are 150 per cent more likely to work in health or social care roles than their white British counterparts," according to the report.




r

150000 Indians register to be repatriated from UAE

The Indian embassy in Abu Dhabi and the Indian Consulate in Dubai started e-registrations on Wednesday night to form a database of those wanting to return to India. Over 50% of the applicants are from Kerala. Malayalees comprise more than 1 million of the 3.4 million Indians in the UAE.