Nippon India Mutual Fund marks down its investment in Yes Bank to zero

NEW DELHI : Nippon India Mutual Fund on Friday said it has marked down the value of its investments to zero in bonds issued by troubled private sector lender Yes Bank. In addition, the fund house has imposed a limit of ₹2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement. This limit is imposed only on the new applications, switch-ins, systematic transfer plans and systematic investment plans received after March 5, it said. The announcement came hours after Yes Bank was placed under a…

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No Weightage Of Class XII Marks In JEE Ranking From 2017: Education Ministry

The performance of the students in the 12th class examination shall be a crucial parameter for determining the eligibility of the student for the JEE. (Representational Image) Class XII marks will not be a factor in Joint Entrance Examination (JEE) rankings for admissions in engineering undergraduate courses starting next year, the Human Resource Development ministry headed by Smriti Irani said on Thursday. Ministry officials said the decision was taken after a committee set up by IIT Council submitted recommendations on changes in the JEE pattern, which were put in the…

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