Ask us: on investments

Mutual funds are not meant to provide regular dividend options. Q. I am a 28-year-old working in a PSU for the last 4 years. All my monthly income goes towards repaying a home loan that I took 2 years ago, supporting a brother and a sister in their education and monthly expenses of parents (purchased house) and wife (rent) who […]

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L&T arm to set up 1.5 GW solar unit in Saudi Arabia

‘Order value between ₹5,000 crore-₹7,000 crore’ The Renewables arm of Larsen & Toubro’s Power Transmission and Distribution Business has bagged an order to set up Sudair Solar PV project of 1.5 GW in the Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the ‘major’ category, which ranges […]

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Nabard balance sheet grows 24% to ₹6.57 lakh crore in FY21

In the financial year 2019-20, its balance sheet stood at ₹5.32 lakh crore National Bank for Agriculture and Rural Development (Nabard) on Tuesday reported a 24% growth in its balance sheet to a record high of ₹6.57 lakh crore in the financial year ended on March 31, 2021. In the financial year 2019-20, its balance sheet stood at ₹5.32 lakh […]

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Wipro to acquire cyber-security firm Ampion for $117 million

This follows the company’s take over of Capco, a global management and technology consultancy, last month in a $1.45 billion deal. IT services major Wipro on Thursday said it will acquire Ampion, an Australia-based provider of cyber security, DevOps and quality engineering services for $117 million (about ₹857 crore). The acquisition of Ampion is an important step for Wipro in […]

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‘Infection surge delays India’s big exports of AstraZeneca shots’

Supplies to GAVI-WHO-backed COVAX to be affected: sources India has put a temporary hold on all major exports of the AstraZeneca coronavirus shots made by the Serum Institute of India (SII), the world’s biggest vaccine-maker, to meet domestic demand as infections rise, two sources told Reuters. The move will also affect supplies to the GAVI/WHO-backed COVAX vaccine-sharing facility through which […]

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A ‘foreign’ investing t(r)ip!

You need to choose markets that are less correlated When a stock rises 17 times in 15 days, what happens? You jump in after the 15th day, of course! That is the story of GME (the stock ticker for American electronics games retailer Gamestop) and that of hordes of Indian investors entering the U.S. market – kickstarting their equity journey […]

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New DFI must curb reliance on foreign funds, says K.V. Kamath

India’s sovereign rating must go up at least a notch: former development banker Making a case for an upgrade in India’s sovereign rating, former New Development Bank president K.V. Kamath on Wednesday said the new development finance institution (DFI) cleared by the Union Cabinet must be careful about preventing ‘excessive reliance’ on foreign funds. “With all the efforts that the […]

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BoM on course to expand, tap markets: A.S. Rajeev

No capital needed from Centre: MD Bank of Maharashtra is pursuing plans to grow footprint by opening a branch each in 320 districts across the country, where it now has no presence, by next fiscal. By this fiscal, 135 such districts are to be covered and the remaining, in 2021-22 as part of a hub-and-spoke model involving the branch and […]

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How can workplace parenting education programs help? Ask HR

As more working parents and caregivers juggle personal and professional needs in a remote setting, there are ways employers can support employees. (Photo: Getty Images) Johnny C. Taylor Jr., a human resources expert, is tackling your questions as part of a series for USA TODAY. Taylor is president and CEO of the Society for Human Resource Management, the world’s largest HR professional society. […]

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