Five independent directors on the erstwhile board have written to the newly appointed chairman Uday Kotak on October 2 raising several red flags and elaborating on constraints of long-term finance that plague the infrastructure sector.
A top executive at a leading mobile company said that while the industry was studying the Supreme Court verdict, companies are preparing to revert to physical KYC methods using paper forms and photocopies of documents.
While an equity investor may save up to 80-90 basis points in annual charges on their investment corpus, the distributors say that they are clueless about their remuneration from mutual fund advisory or sale.
LIC is sitting on a big loss as share price fell from 73.15 in March 2017 to Rs 37.65 in September 2017. The share price of the company closed at Rs 21.1 on September 18. The company announced zero revenue in the year ended March 2018 and a profit of Rs 19 lakh.
It is not just rising prices and imports of crude that have put pressure on the rupee. From coal & coke to electronics and minerals, a look at how Indian imports have risen sharply from one fiscal to the next.
Fuel prices jump as rupee hits another low, driven by rise in global crude prices and political uncertainty. How do these factors impact the national economy, what are India’s options for addressing the situation?