Page 40 - Ortfolio Allocation News Today

On Monday, 2091 stocks advanced, 1856 declined and 114 remained unchanged, with an advance decline ratio of 1.12 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

Tarun Tejpal, former editor of Tehelka, informed the Delhi High Court on Friday that he intends to publish an apology in a national daily retracting allegations which portrayed Major General MS Ahluwalia

LIC has received orders for Rs4,899.35 crore from Income Tax (I-T) authorities regarding tax demand issued by the assistant commissioner of I-T, Mumbai.

The Department of Consumer Affairs is preparing new guidelines to protect consumers from ads making fake environmental claims about products by using terms such as

Life Insurance Corporation of India has received orders for Rs 3,528 crore from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai.

Electrosteel Castings Limited (ECL) is attempting to grab the growing opportunity in domestic and global market in the ductile iron (DI) pipes segment with ongoing capacity expansion.

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that post-pandemic digital lending has seen an exponential rise in India and at the same time, it has also raised a host of business conduct issues on which the central bank was keeping a close watch.

As many as five non-banking financial companies (NBFC) have surrendered their certificate of registration (CoR) to the Reserve Bank of India (RBI). Four NBFCs submitted their registration certificate after exiting the NBFC business. At the same time, one NBFC has surrendered its registration certificate as it does not require registration under the criteria prescribed for an unregistered core investment company (CIC).

In standard books on the theory of selling, there would be three seemingly innocuous directions, lost in the vast verbiage of a standard text, under the chapter on closing the sale. These are a) never be insulted by a refusal; b) never write off a customer; and c) never give up. It seems so obvious, that one wonders why they are mentioned at all.

The Right to Information (RTI) Act, implemented on 12 October 2005, did wonders in the initial years of its implementation not only by exposing scams and scandals, but also resulted in systematic reforms. However, RTI rules (and not the RTI Act) need important modifications mainly to prevent misuse of the Act and minimise the challenge to chief information commission (CIC) verdicts in courts.