RBI to hike rates again by year-end, August still in play: Poll

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…

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…

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…