The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early as at the next meeting in August. Accelerating inflation and India retaining…
Xi can make life difficult for US companies like Apple, Walmart after Trump’s threat
China doesn’t import enough from the US to be able to match Donald Trump’s tariff threats dollar for dollar. Instead, President Xi Jinping can have American companies doing business there squeezed in a multitude of other ways. With companies from Apple Inc to Walmart Inc and General Motors Co. all…
Audi names Bram Schot interim CEO, puts jailed Stadler on leave
German automaker Audi has named sales chief Abraham ‘Bram’ Schot as interim CEO following the arrest of Rupert Stadler as part of a probe into emissions cheating. Audi, a division of Volkswagen, said in a statement Tuesday that it has also complied with Stadler’s request to temporarily relieve him of…
Beginners’ guide to wealth creation Part III: How to start investing in mutual funds
Mutual Fund Industry’s AUM (Asset Under Management) has grown from Rs 7.01 trillion as on 31st March, 2013 to Rs 23.26 trillion as on 30th April 2018. That’s more than three-fold increase in a span of 5 years! The total number of accounts, or folios as per mutual fund parlance,…
Investing in mutual funds? Avoid these two common mistakes
What actually matters is what a mutual fund invests in and how the fund manager runs it. An elderly gentleman, a retired military officer who was once my neighbour, has been asking me pretty much the same question for decades, “What are some good dividend-generating equity funds?” All these years,…
Why Bharat 22 ETF is not a good investment option
ICICI Prudential Mutual Fund has come out with a further fund offer (FFO) for Bharat 22 ETF. This FFO will be open between 19 and 22 June. Just like its earlier new fund offer (NFO), the FFO seeks to meet the central government’s divestment target. To draw retail investors, it is…
