Opinion | Why SEBI should stop worrying about high MF expense ratios

The Securities and Exchange Board of India (SEBI) wants to review whether Indian mutual funds are overcharging their customers by imposing a high total expense ratio (TER). TER is the cost that an asset management company (AMC) charges for managing an investor’s money and includes various fees and expenses. But should the regulator interfere or […]

Continue Reading

Rahul Gandhi likens RSS to Islamist group Muslim Brotherhood

Congress president Rahul Gandhi today likened the RSS to the Islamist group Muslim Brotherhood in the Arab world and alleged that the outfit is trying to “change” the nature of India and “capture” its institutions. The Muslim Brotherhood is the oldest political Islamist group in the Arab world. It is not allowed to operate as […]

Continue Reading

Facebook removes video game ad showing woman’s torture | Games

Facebook has removed an advert for a video game that invites players to torture or kill a gagged and trembling woman after initially indicating that the content did not breach its guidelines. The ad depicts scenes from a popular game called Mafia City, which has been downloaded more than 10m times as a mobile app […]

Continue Reading

Ideas for Profit: HDFC AMC a long term compounder, buy on dips

HDFC Asset Management (HDFC AMC), the second largest asset management company (AMC) in India, reported a strong Q1 FY19 earnings, with net profit rising 25 percent year-on year on the back of increase in assets under management (AUM) and better asset class mix. We see asset management industry on a sustained growth path driven by India’s […]

Continue Reading

Brexiteers fume at UK finance minister Hammond’s ‘no deal’ warning

British finance minister Philip Hammond came under renewed criticism from pro-Brexit lawmakers on Friday for warning that leaving the European Union without an exit deal would hit public finances, underlining discord in the ruling Conservative Party. Hammond, seen as one of the most pro-EU members of Prime Minister Theresa May’s cabinet, has long been a […]

Continue Reading

Mexican farmers sue Volkswagen for nearly Rs 26 cr for ‘controlling weather’

Mexican farmers are suing automaker Volkswagen to the tune of USD 3.7 million for allegedly ‘changing the weather’ at its factory in Puebla, Mexico. According to a report by Jalopnik, the factory uses massive cannons to destroy hail in the atmosphere before it can form and rain down on the factory and its new cars. […]

Continue Reading

Ruchi Soya lenders approve Adani Wilmar’s Rs 6,000 cr bid

Lenders of Ruchi Soya have approved the Rs 6,000 crore bid of Adani Wimar to acquire the debt-ridden edible oil firm, sources said. Adani Wilmar and Baba Ramdev’s Patanjali group have been engaged in a long-drawn battle to take over Ruchi Soya. Adani Wimar’s bid was approved by the committee of creditors (CoC) with about […]

Continue Reading

‘Pay a living wage’: Bernie Sanders accuses Disney of dodging fair pay | Film

The Walt Disney Company came under heavy fire on Thursday for a decision to walk away from hundreds of millions of dollars in subsidies and tax breaks for its southern California theme parks, a move critics are characterizing as an extraordinary last-ditch effort to avoid paying a living wage to thousands of workers. Leading the […]

Continue Reading

Ryanair introduces new restrictions on cabin luggage | Business

Ryanair will no longer let passengers take a small suitcase on its planes for free, with charges for a 10kg case to be introduced in November. The airline overhauled its baggage policy as recently as January but said the current scheme, which allows people to hand in their smaller cases for loading in the hold […]

Continue Reading

Yorkshire chippy’s Mandarin menu proves popular with Chinese tourists | UK news

As a meal choice it is on the decline, losing ground to seitan burgers and poké bowls as millennials run scared of the humble spud. But one fish and chip shop near York has hit on a novel way of attracting customers: translating its menu into Mandarin. Scotts Fish and Chips near York now serves […]

Continue Reading