Illegal gold chips away at Kerala Jewellers’ Business

Kolkata: Jewellers from Kerala, both small and large, are losing business worth 25-30 per cent on an average per annum as the illegal gold trade is chipping away at their business by playing the price arbitrage card. They claimed that the 13 per cent duty on gold — 10 per cent import duty and 3…

Viewpoint | Should fund houses make good investment losses?

There have been discussions recently on HDFC AMC providing ‘liquidity’ to a few Fixed Maturity Plans (FMPs) by agreeing to purchase the questionable exposure in certain Essel Group entities. This purchase comes in the background of increasing asset quality issues in the mutual fund industry, question marks on the loan…