Franklin Templeton Mutual Fund on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments and coupon payments since closing down in April. Franklin Templeton MF shut six debt mutual fund schemes on April 23, 2020 citing redemption pressures and lack of liquidity in the bond market. The schemes — Franklin … Read more
With this, the total incidence of excise duty on petrol rose to ₹ 32.98 per litre and that on diesel to ₹ 31.83 a litre. While the pandemic pummelled tax collection across the board, excise duty mop-up jumped 48% in the current fiscal on the back of a record increase in taxes on petrol and … Read more
The Adani Group Sunday refuted allegations levelled by BJP politician Subramanian Swamy that it owes Rs 4.5 lakh crore as NPA to banks and claimed it has maintained an “impeccable record of not a single NPA in the three decades of its existence”. “The Adani Group strongly objects to a factually incorrect tweet posted by … Read more
One of the most important questions for investors in 2021 is how to bet on the ongoing economy recovery – even if its course looks uncertain right now. Goldman Sachs is giving its answer. Chief US Equity Strategist David Kostin says he expects success for companies with high operating leverage, or the companies that will experience … Read more
Auto1 could IPO in Frankfurt next month, Insider understands. Auto1 said Wednesday that it seeks to raise $1.2 billion, but did not give detail on a valuation. The mooted higher valuation comes amid strong performance from Auto1’s US competition. Visit Business Insider’s homepage for more stories. Auto1 Group, a European platform for used car sales, … Read more
Sequoia’s Doug Leone donated over $100,000 to Trump’s 2020 election efforts and also donated to Josh Hawley’s 2018 Senate campaign, public records show. As other pro-Trump business people and tech CEOs condemn last week’s Capitol Hill insurrection, Leone has remained quiet, alongside other, deep-pocketed Trump supporters in Silicon Valley. The Capitol Hill riots have renewed … Read more
Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times, though the consumption changes post COVID-19 still persists. Lesser trips and higher basket values continue to be the norm and products such as apparel, laundry, footwear, travel … Read more
Despite being some of the most recognizable names in Silicon Valley, Hollywood, and beyond, these millionaires and billionaires weren’t always living the high life. From the seedy streets of LA to the Bayview projects, these celebrities and entrepreneurs made it big after coming from nothing. Here are 21 of the most inspiring rags-to-riches stories. Halle … Read more
Tonal, a digital fitness company that uses electromagnetic technology to create resistance training, has become one of the most popular at-home exercise systems. The fitness brand increased sales eight fold in 2020 and to-date it has raised more than $200 million from investors including several high-profile athletes. “Intelligent fitness is the next evolution of the … Read more