How to earn higher long-term returns with Equity Linked Savings Scheme

How to earn higher long-term returns with Equity Linked Savings Scheme

At a time when assets under management of mutual funds declined 12.5% to Rs 22 lakh crore at September-end due to massive outflows from liquid funds and income schemes, equity and equity-linked savings schemes (ELSS) saw an infusion of Rs 11,250 crore.

CBI director Alok Verma, Special Director Rakesh Asthana sent on leave; M Nageshwar Rao named interim head
CBI director Alok Verma, Special Director Rakesh Asthana sent on leave; M Nageshwar Rao named interim head

In major move by the central government, CBI building has been sealed and neither staff nor outsiders are being allowed inside the premises.

Discount war: Offline retailers take on online biggies, declare 15-20% price cut, freebies and cash backs
Discount war: Offline retailers take on online biggies, declare 15-20% price cut, freebies and cash backs

Sellers of consumer durables such as Vijay Sales and Infiniti Retail will offer discounts of around 15% to 20% along with cash backs and freebies this festive season, managements of these companies have indicated to FE.

Giant leap: ‘India to have over 500 million smartphone users by 2022’
Giant leap: ‘India to have over 500 million smartphone users by 2022’

According to the latest numbers from Counterpoint Research, smartphone users in India surpassed the 400-million mark in June this year with the sector being relatively under-penetrated compared to other markets.

E-wallets get a leg up as interoperability guidelines make usage more efficient
E-wallets get a leg up as interoperability guidelines make usage more efficient

With RBI giving the green signal to inter-operability of pre-paid instruments (PPI), primarily wallets, digital transactions should gain momentum.

Bajaj Finance net up 54%, near flat PAT for Finserv
Bajaj Finance net up 54%, near flat PAT for Finserv

Non-banking financial company Bajaj Finance on Tuesday reported a 54% growth in its consolidated profit to Rs 923 crore during the quarter ended September, boosted by higher growth in assets under management (AUM).

Sustainable urban development: Why it is important to set standards and have quality certification for recycled materials?
Sustainable urban development: Why it is important to set standards and have quality certification for recycled materials?

The C&D Waste Management Rules were notified by the ministry of environment, forest and climate change in March 2016.

AUTOMOBILES

Pollution certificate for your vehicle to now cost more: Here's why and how much
Pollution certificate for your vehicle to now cost more: Here's why and how much

The ruling to apply 18 percent GST on PUC said that the service is provided by the applicant to the customers on payment of service charges. Since the services of testing of pollution are provided on payment of service charge, GST is payable at the applicable rate. 

TRAVEL

Drukair launches first direct connection between North East India and Singapore
Drukair launches first direct connection between North East India and Singapore

Singapore Changi Airport has announced the launch of its 16th city link to India with the introduction of a new non-stop service between Guwahati and Singapore, operated by Drukair Royal Bhutan Airlines. This new route marks the first direct connection between Northeast India and Singapore

Horoscope: By Peter Vidal

Today ( 24 Oct )This Week ( 21 Oct - 27 Oct )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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