Investment Archives - Page 32 of 35

Why British women are less likely to seek investment advice than US, Canadian peers

May 8, 2017 Loknath Dasadvice, Are, British, Canadian, investment, Less, Likely, peers, Seek, Than, to, US, Why, Women

David Shopper | Getty Images Women in the U.K. are less likely to reach out for help with their investments than their counterparts on the other side of the Atlantic, according to new research which points to a continued lack of provision in the U.K. advice market. Just over two-fifths (41 percent) of British women say they would ask for financial advice from knowledgeable individuals compared to more than half of women in Canada (57 percent) and the U.S. (53 percent), a study by RBC Wealth Management has suggested. While…

Strong Rupee May Help Ease India Outbound Investment Rules

May 4, 2017 Loknath DasEase, Help, India, investment, May, Outbound, Rules, Rupee, Strong

A surging rupee, rising currency reserves and a comfortable current-account gap could see India’s central bank consider relaxing rules on outward investments, paving the way for domestic companies to step up their shopping abroad, especially in Latin America and Africa. An uptick in overseas acquisitions would help keep a lid on the rupee, which is among the top performers this year. While the strengthening currency is helping the central bank keep inflation in check, additional gains are threatening to snuff out a nascent recovery in exports. Analysts like Santosh Pai, a…

LICs investment in ITC makes govt party to tobacco promotion PIL

April 27, 2017 Loknath Dasgovt, In, investment, ITC, LICs, Makes, Party, PIL, promotion, to, Tobacco:

The Bombay High Court on Thursday heard a petition alleging that PSU insurers such as LIC are going against the government’s anti-tobacco stand by investing in cigarette manufacturing company ITC. The World Health Organization tobacco treaty bars the government from investing in tobacco companies, they said. The petitioners also said that the investments make the government party to tobacco’s promotion. The six petitioners include the Managing Trustee of the Tata Trusts, Lakshman Sethuraman, Ashish Deshmukh, Member of Maharashtra Legislative Assembly, Sumitra Hooda Pednekar, widow of a Maharashtra Minister who died of throat cancer, Pankaj Chaturvedi, a Surgeon…

Watch out if tax reform gets bogged down, Jim Cramer warns

March 29, 2017 Loknath Dasbogged, Cramer, Down, Gets, if, Jim, Out, Reform, Tax, warns, watch

Wall Street could witness another sell-off if President Donald Trump’s tax reform plan gets bogged down, CNBC’s Jim Cramer warned on Monday. “I still think that Trump with Gary Cohn and a different team working to try to get this through we’ll have some luck,” Cramer said on “Squawk on the Street.” U.S. stocks opened sharply lower Monday, the first business day after the scheduled House vote on a repeal of Obamacare was pulled because Trump and House Speaker Paul Ryan had failed to gain enough support from Republicans. In…

Cambodia’s ‘Buzzfeed’ Attracts Silicon Valley Investment

March 25, 2017 Loknath DasAttracts, Buzzfeed, Cambodia’s, investment, Silicon, Valley

Khmerload.com, based in Phnom Penh, is the first Cambodian tech startup to receive Silicon Valley financial backing. PHNOM PENH, CAMBODIA Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become the country’s first local tech startup to attract the backing of Silicon Valley investors. A $200,000 investment to be exact. The money came from 500 Startups, a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai, who took notice of the website, launched five years…

Let Government Staff’s Pension Funds To Invest 50% In Equities: PF Body

March 11, 2017 Loknath Das50, body, Equities, Funds, Government, In, Invest, Let, Pension, PF, Staff's, to

Hyderabad: The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 per cent from 15 per cent now. The regulator has sent a proposal to government seeking to allow government subscribers (state and Central government employees) invest up to 50 per cent in equities under the NPS, Pension Fund Regulatory and Development Authority chairman Hemanth Contractor said here on Thursday. The authority manages about Rs. 1.70 trillion of funds belonging to…