Brokerages are not the only ones to latch on to the global diversification theme. Axis Mutual Fund on Thursday announced its first dedicated global feeder fund Axis Global Alpha Equity Fund of Fund, an open ended scheme that will invest in Schroder International Selection Fund Global Equity Alpha (SISFGEA). This is the third scheme from the Axis MF stable after Axis Growth Opportunities Fund and Axis ESG Equity Fund that provides exposure to global equities. SISFGEA, managed by the Schroders Global Equities team based in London, uses a bottom-up approach to pick quality growth companies that…

Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. The public offer comprises a fresh issue worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters — Y Sandipkumar Gupta and Rajdipkumar Gupta, as per the draft red herring prospectus (DRHP) filed by the company. Additionally, a pre-IPO placement aggregating up to Rs 100 crore may be considered in consultation with the book running lead managers…

September 2, 2020 9 min readOpinions expressed by Entrepreneur contributors are their own. As we barrel into the year’s busiest shopping time, brands are gunning for a coveted spot on holiday wish lists. Pitching the right way to the right publications is critical if you want to secure your place on this year’s list. We all want to feel confident in the products we’re buying, especially when it’s a gift meant to reflect our intentions. We wouldn’t want to send our top client a clunky gadget that gets tossed in the trash. If you’re anything like me, I want…

As researchers and drug companies race to develop a vaccine for COVID-19, the global economy continues to struggle to gain a footing. Every scrap of good news — say, a surprising pocket of strength in a particular sector — is matched by a sign of ongoing weakness elsewhere, raising questions about the long-term viability of certain companies and industries. With so little clarity about the future, how can leaders set business goals for the next six months to a year? During the dozen years between the 2008 financial crisis and the current pandemic, the world seemed far more stable, and…

The Securities and Exchange Board of India (Sebi) has ordered attachment of bank and demat accounts of two dozen defaulters in the matters of three companies — Mass Infra Realty, Skymarg Agro Industries India, and Life Care Real Developers — to recover dues totalling nearly Rs 40 crore. The defaulters are 11 directors of Mass Infra Realty, five directors of Skymarg Agro, Life Care and its seven directors, the regulator said in three separate notices. The decision has been taken after Mass Infra Realty and Skymarg Agro failed to comply with…

When it comes to branding, stay positive but don’t overdo it. September 1, 2020 4 min readOpinions expressed by Entrepreneur contributors are their own. As anxieties continue to mount from an unclear future, brands must swiftly adjust messaging to reflect our current times. Many companies’ initial reactions may be to push out uplifting messages to counteract unpleasant realities. However, brands need to beware of contributing to Toxic Positivity. Although consumers are seeking comfort, overly positive messaging can be counterproductive as they undermine the pain the world is experiencing. Positive branding vs. Toxic positivity Through affirmative thoughts and feelings, positive…

The insurance regulatory and development authority of India (Irdai) has advised all insurance companies (life and non-life) to use “Video Based Identification Process (VBIP)” as an electronic medium to enhance the ease of doing KYC for customers looking to buy insurance products. In January this year, the Reserve Bank of India (RBI) had allowed banks and NBFCs to complete full KYC of a customer remotely. A number of banks have rolled out this service since the RBI’s nod. In a letter to the insurers, a copy of which Business Standard has…

To further enhance transparency, markets regulator Sebi on Tuesday revised disclosure requirements pertaining to debt and money market securities transactions for mutual funds. The new framework will come into effect from October 1, the Securities and Exchange Board of India (Sebi) said in circular. Now, the regulator has asked mutual funds to disclosedetails of debt andmoneymarketsecurities transactedin their schemes portfolio, including inter-scheme transfers, on a dailybasis witha time lag of 15 days in a prescribed format. At present, a time lag of 30 days has been been allowed. …