Finance

HDFC AMC’s star fund manager Prashant Jain has seen two of his schemes downgraded by Morningstar recently. HDFC Top 100 and HDFC Equity have been downgraded from ‘gold’ to ‘silver’ by the mutual fund (MF) research house. “Prashant Jain’s long-term investment approach to investing, which entails taking high-risk conviction bets and sticking to them if they underperform over the short term, has often yielded satisfactory results,” said Himanshu Srivastava, senior analyst at Morningstar. “The execution has been noteworthy. Yet, there have been occasions when the strategy has resulted in significant underperformance…

June 30, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. We’re now realizing that encapsulated awareness months alone aren’t enough to dismantle systemic discrimination or marginalization. Don’t get me wrong, pride month is incredibly important to us LGBTQ+ folk. But it often feels like after June ends, the “Love wins” messaging that businesses bombarded me with all month goes away too. Why is that? You’d actually capture more total market share by appealing to us throughout the year. In the book Blue Ocean Strategy, W. Chan Kim and Renée Mauborgne use the terms “blue ocean” and…

The country’s foreign exchange reserves in nominal terms increased by $64.9 billion in FY20 compared to a reduction of $11.7 billion in FY19, according to RBI. This increase in reserves includes the valuation effects, the Reserve Bank of India said in a release. “Foreign exchange reserves in nominal terms (including the valuation effects) increased by $64.9 billion during 2019-20 as against a decline of $11.7 billion in the preceding year, it said. The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a…

The iconic actress and entrepreneur joins forces with TV workout legends for a much-needed quarantine sweat session.Free Book Preview No BS Guide to Direct Response Social Media Marketing The ultimate guide to – producing measurable, monetizable results with social media marketing. June 25, 2020 5 min read When Thanos decided to disintegrate half of all life in the universe, the Avengers were called in to save the day. When gyms closed during the quarantine, Movement by Michelob ULTRA LIVE called the only people who could save us from our couch-bound snacking habits: Billy Blanks, Suzanne Somers and Jake “Body…

The insurance regulator – Insurance Regulatory and Development Authority of India (Irdai) – has finalised the guidelines for standard covid health products after a series of draft regulations were issued by it to the insurance companies in the past one month. Non-life insurers, which include standalone health insurers have to offer two products – Covid Standard Health Policy (Corona Kavach) and Covid Standard Benefit based health policy (Corona Rakshak) to consumers from July 10. Earlier, the regulator had toyed with idea of an indemnity-based product from June 15 specifically for Covid-19, but later the…

Shares of Ruchi Soya Industries hit a life-time high of Rs 1,519, on the BSE today. The stock has soared nearly 90 times or 8,988 per cent from the level of Rs 16.90 touched on January 27, 2020 –when it was re-listed on the stock exchanges. The Patanjali group acquired Ruchi Soya for around Rs 4,500 crore in September 2019 and owns a 98.87 per cent stake in the company. As on March 31, 2020, promoters held 99.03 per cent stake in Ruchi Soya Industries. The public shareholders held just 0.97 per cent holding. …

L’Oréal USA’s CMO talks about how she applies lessons she learned playing field hockey to marketing one of the world’s top beauty brands and how the company is giving back during the pandemic.Free Book Preview No BS Guide to Direct Response Social Media Marketing The ultimate guide to – producing measurable, monetizable results with social media marketing. June 28, 2020 2 min readOpinions expressed by Entrepreneur contributors are their own. Gretchen Saegh-Fleming is CMO for L’Oréal USA. For #ThePlaybook, she talks with host David Meltzer about her high school field hockey experiences and how it taught her about…

The government has allowed individuals under the new lower tax regime to claim I-T exemption on conveyance allowance received from employers. The Central Board of Direct Taxes (CBDT) has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. These include any allowance granted to meet the cost of travel on tour or on transfer, any allowance, whether, granted on tour or for the period of journey in connection with transfer, to meet the ordinary daily charges incurred by an employee on account of absence…