SEBI Issues Framework For Advisory, Portfolio Management Services

Markets regulator Securities and Exchange Board of India (SEBI) has come out with a framework related to the fees for investment advisory services for accredited investors. In addition to this, it has also issued guidelines on exit load charges applicable to the client of the portfolio manager. In August, SEBI had introduced the concept of “accredited investor” in investment advisers (IA) and portfolio managers rules. In a circular, the regulator said that in case of accredited investors, the limits and modes of fees payable to the IA will be governed through…

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Investcorp acquires IDFC’s private equity, realty investment management business

Mumbai: The US-based alternative investment manager InvestcorpNSE 0.00 % has acquired IDFCNSE -1.02 % Group’s private equity and real estate investment management business and plans to incrementally raise $50 million towards IDFC’s existing fourth fund. The incremental capital, along with the uninvested pool in the fourth fund, will be invested in consumption-driven companies in India, a senior company executive said. HDFC chairman Deepak Parekh has joined the global advisory board of Investcorp. “Once the acquisition is complete on January 31, we will use the greenshoe option and raise another $50 million in the fourth fund. This incremental capital,…

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Diet changes and nutrition can make a big difference to diabetes management

According to the study conducted by the researchers from Physicians Committee for Responsible Medicine, the weight, blood sugars, and cholesterol levels of diabetics can be reduced by educating them about vital nutrients. Researchers conducted classes and taught the patients about different diets with less meat and less fat and cholesterol. “Doctors can turn their waiting rooms into classrooms. It’s simple and very effective. Patients learn about healthy food changes, and can share tips, swap recipe ideas, and work through challenges together,” stated author Neal Barnard. Earlier, some studies stated that…

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JNU to offer engineering and management courses, UGC nod pending

The Jawaharlal Nehru University (JNU) proposes to offer engineering and management courses, an initiative the University Grants Commission is said to be considering. If approved, the university will take students for these subjects from 2018. The New Delhi-based premier institution, established in 1969, is known for its arts and humanities subjects. JNU wants to expand its programme to engineering and management, for which officials submitted a proposal and made a presentation to the country’s university regulator, UGC. The government-run university can’t start new courses without the UGC’s clearance as these…

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India Urged to Take Better Initiatives at Stroke Management

A global meet of experts on neuro sciences — which saw over 500 participants — on Monday called upon the Indian government to increase initiatives for more awareness on brain strokes. According to them, the necessity for better awareness was more among women as in certain parts of the country women are five times more prone to stroke incidences than men. “This is attributable to the poor socio-economic status and literacy rates among women. The average age of patients with stroke in developing countries (India) is 15 years younger than…

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