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Bandhan Bank to invest ₹300 crore in Yes Bank

March 14, 2020March 14, 2020 Loknath DasBandhan, Bank, Crore, In, Invest, to, yes, ₹300

MUMBAI: Private sector lender Bandhan Bank on Saturday said it will invest ₹300 crore in Yes Bank under the bank’s reconstruction scheme, taking the total investment proposal to ₹10,650 crore. The bank said it will acquire 30 crore equity shares of ₹2 each at a premium of ₹8 per equity share, constituting less than 5% of the new issued and paid-up equity share capital of Yes Bank. “As per the Scheme of Reconstruction, 75% of the total investment of the bank would be locked in for three years,” Bandhan Bank said in a regulatory…

What to ask yourself before making any investment moves as the market falls

March 13, 2020March 13, 2020 Loknath DasAny, As, ask, Before, investment, Making, Market, Moves, The, to, What, yourself

As the stock market sinks, you’ve probably already heard not to check your 401(k). Yet when it comes to steering your personal financial plan in a turbulent time, it’s still wise to take a proactive approach, according to Michael Liersch, a behavioral finance expert and global head of wealth planning and advice at JPMorgan Chase. Generally, people tend to take one of two strategies to uncertain markets, Liersch said. Either they decide on action no matter what or stick to a do-nothing approach. Those extreme approaches tend to happen when individual…

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

March 7, 2020March 7, 2020 Loknath DasBank, Down, Fund, In, India, investment, Its, Marks, Mutual, Nippon, to, yes

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…

As markets take Covid-19 hit, is it time to invest?

March 3, 2020March 3, 2020 Loknath DasAs, Covid-19, Hit, Is, It, Markets, Take, Time, to

The fear of Covid-19, more commonly referred to as novel coronavirus, spreading outside China at an alarming pace has spooked global equity markets, including the Indian equity market. The benchmark S&P 500 index which measures the stock performance of the top 500 US companies, corrected around 13% between 19 and 28 February. Taking cues from global peers, S&P BSE Sensex lost 1,448 points on 28 February alone, wiping out close to ₹5.5 trillion of investors’ wealth. Till 28 February, it had corrected 9% from its peak on 14 January 2020. On…

Digital media to garner 65% of ad investment in India this year: GroupM

February 10, 2020February 10, 2020 Loknath Das65%, Ad, Digital, garner, In, India, investment, Media, of, This, to, Year

Print still relevant to advertisers wanting to build credible brands Advertising investment in India is set to soar to ₹91,641 crore this year, representing an estimated growth of 10.7 per cent for 2020, according to GroupM, the media investment group of WPP, in its advertising expenditure (adex) forecasts for 2020. Even with an overall slowdown in the global economy, Indian media spends are expected to be between low to moderate in H1, with robust growth anticipated in H2 2020. India is the eight-largest market globally and is the largest contributor to…

Investment Cell to provide information on tax policies, incentive schemes to entrepreneurs

February 4, 2020February 4, 2020 Loknath Dascell, incentive, information, investment, On, policies, provide, schemes, Tax, to

NEW DELHI: The proposed Investment Clearance Cell in the Budget will link all central government ministries and state departments to provide information on land banks, incentive schemes and taxation policies to entrepreneurs, a top government official said. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said the cell will help an entrepreneur to take a well informed decision to set up manufacturing facility in the country. “The idea is to bring all central government ministries and state governments linked to it physically as well as through IT,” he told…