Nearly 12,900 companies struck off in 2020-21

As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same period, according to official data. As per the data provided by the corporate affairs ministry to Rajya Sabha on Tuesday, a total of 2,38,223 companies […]

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Beware of new low-risk, high-return promise

Products such as perpetual bonds may carry an aura of safety but in reality there is little to cheer Sellers of equity products never fail to tell you that their products are subject to market risks. It is a different matter that you understand those risks only with experience. But […]

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Govt to auction 'major' oil, gas fields of ONGC, OIL: Pradhan

The government will auction unmonetised large oil and gas fields of state-owned ONGC and OIL to boost the country’s hydrocarbon production, Petroleum Minister Dharmendra Pradhan said on Thursday. Speaking on the launch of the third round of auction of small discovered fields, he said companies cannot indefinitely sit on resources […]

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Heightened stress could delay bank privatisation: Fitch

‘Investor interest needed for success’ The Centre’s plan to privatise two public sector banks this year could face delays on account of higher stress levels in banks’ balance sheets due to COVID-19, as well as political hurdles in effecting necessary legislative changes, Fitch Ratings said on Monday. The government has […]

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When to look at passive MFs

Such funds help when we lack the time or skill needed to track performance; lower expense ratio is a bonus You know that investing in equity requires you to pick the right stocks at the right time. If that’s difficult, you choose an equity mutual fund. But your effort doesn’t […]

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IBM betting big on hybrid cloud

Critical workloads yet to shift to the platform, says India MD With almost 75% of enterprise workloads yet to shift to the cloud, IBM is betting on hybrid cloud, which represents a $1-trillion market opportunity globally, to drive digital transformation for clients. “Cloud has been there for a long time, […]

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