Existing rules on mandatory insurance cover, helmets on 2-wheelers applicable to electric vehicles: HC
New Delhi: The Delhi High Court Thursday said existing rules on mandatory insurance cover, wearing of headgear on two-wheelers and penal action for non-compliance are already applicable to electric vehicles. The high court directed the Delhi government to continue ensuring that the subsidy offered by the government for electric vehicles registered in the national capital is being disbursed in a timely manner.

LIC presents dividend cheque of ₹1,831 crore to FM Nirmala Sitharaman
Life Insurance Corporation of India (LIC) on Thursday presented a dividend cheque of ₹1,831.09 crore to Finance Minister Nirmala Sitharaman.

Non-life insurers’ premium falls 3.7% in August after 10 months of growth
Mumbai: Non-life insurance companies’ premium fell 3.7 per cent on-year in August, after rising for 10 straight months, led by a substantial fall in crop insurance premiums. In the year-ago period, premium had risen by 11.9 per cent, as per industry data.

Tata AIA Pro-Fit: A ULIP doubling up as a health plan
Life insurance company Tata AIA has launched a health plan that also offers investment opportunities in a single product. Tata AIA Pro-Fit is aimed at meeting healthcare-related expenditure with fixed benefit payouts for hospital expenses on the insurance side — and investment funds that can be redeemed for health-related expenses, on the other.

EPFO, NPS data show 5.2 crore payrolls addition in last 4 years: SBI study
Retirement fund body EFPO and new pension system (NPS) data revealed addition of 5.2 crore payrolls, including 47 per cent fresh jobs, in the last four years, said a recent SBI study. Since April 2018, the government has been releasing monthly payroll data (EPFO, NPS and ESIC) based on the recommendation given by Ghosh and Ghosh in the study titled, "Towards a Payroll Reporting in India".

‘WhatsApp university’: Parekh flags financial misselling, says MFs’ role key
Mumbai: Amid rising incidents of unregistered entities providing misleading stock recommendations to investors, HDFC Asset Management Company Chairman Deepak Parekh on Friday stated that mutual fund (MF) distributors can play an important role in driving financial literacy and ensuring investors remain invested for the long-term. “In an era of easy online access of information or what is called the proliferation of “WhatsApp University”, there is also a lot of misinformation and misselling, despite all the safeguards put in place by the regulator.

Role of MF distributors critical in ensuring investors stay invested: Deepak Parekh
Amid rising incidents of unregistered entities providing misleading stock recommendations to investors, HDFC Asset Management Company Chairman Deepak Parekh on Friday stated that mutual fund (MF) distributors can play an important role in driving financial literacy and ensuring investors remain invested for the long-term.

MF Folio: How different modes of holding work
After making the decision to invest in mutual funds (MFs), the immediate next step for you is to decide what kind of account would you like to create for holding your MF investments. It is important to understand the holding types, ignoring which can create difficulties in future. There are different modes of holding your MF folios such as single holding and joint holding. Based on one’s preference or situation, a particular type of account or multiple types of accounts can be chosen. Here is a lowdown on MF folio holding modes.

Every scheme in 5 equity mutual fund categories offer over 20% in three years

Most investors invest in equity mutual funds to pocket double-digit returns. These investors got lucky. Every scheme in five equity mutual fund categories has offered more than 20% returns in three years, an analysis of returns by ETMutualFunds showed. These schemes were from contra, large & mid cap, mid cap, small cap, and value fund categories.

Bandhan Mutual Fund files draft for micro cap fund

Bandhan Mutual Fund has filed a draft for a micro cap fund. Bandhan Microcap Fund will be an open-ended scheme investing in micro cap companies.

Global bond indices inclusion: Discussion, not concession
Over the weekend, top leaders of the world's leading economies converged in New Delhi to discuss diverse issues ranging from global growth, trade and investment to climate change as part of the G-20 Summit. The timing could not have been better as India, which hosted the summit, remains the fastest-growing economy with the potential of 6-7% growth rate.

Foreign holdings of certain India bonds near record on index inclusion bets
Foreign investors have increased their holdings of Indian government bonds that have no ownership restrictions to just under a record $12 billion amid expectations of domestic bonds' inclusion in global indexes.

India bond yields edge higher ahead of fresh supply
AAAa Indian government bond yields rose marginally in early session on Friday, after easing over the last two sessions, as focus shifted to the weekly debt auction.

SGB issue closes today: Should you buy ahead of festive season?

The Sovereign Gold Bond (SGB), which closes today, has given the investors who purchased bonds at higher rates to add further here in new issues, analysts and industry executives said. The subscription for SGB had opened on September 11, 2023.

Bank of Maharashtra raises ₹515 cr via Tier-2 bonds at 7.98 per cent

BoM received total bids of ₹760 crore for the Basel III Compliant Tier-2 Bonds issue. Further, the bank has accepted bid of ₹515 crore (including base issue of ₹250 crore and green shoe option retained upto ₹265 crore) at coupon rate of 7.98 per cent, per the filing.