Apr 6, 2017 - How transmission of mutual fund units works

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Sree Vijaykumar From the Editor's Desk Democracy is now in trouble in some of the most mature democracies in the world, says Joan Huey of the EIU (Economist Intelligence Unit). "We can now talk of a crisis." In fact, the decline of democracy has been measured. Every year since 2006, Hoey and her colleagues at the EIU have produced a report called the Democracy Index, which provides a comprehensive ranking of nearly every country in the world on a 10-point scale. It combines regional data and multiple surveys conducted in 167 countries to measure the quality of political processes, civil liberties, the functioning of government, public participation and political culture. Each country is then classed as a full democracy, flawed democracy, hybrid regime or authoritarian regime. The results of last year's report are sobering. Overall, the global average score fell with 72 countries dropping in the ranking compared to 2015, and just 38 moving up. The number of "full democracies" dropped from 20 to 19, with the US now classed as "flawed". More here Advertisers of the day TATA Housing: Tata Housing brings Luxury Homes on the Bengaluru's only private hill Andaz Delhi: Experience Andaz Delhi, a new Luxury Lifestyle Hotel by Hyatt at INR 8,888  Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). How transmission of mutual fund units works If the first holder passes away , the units can be transmitted to the sec ond holder. In case there is only one holder, the units can be trans mitted to the nominee. Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Strong order inflow to bring earnings upgrades for BEL The company bagged orders worth Rs 16,000 crore in FY17, higher than the analyst expectation of Rs 11,000-13,000 crore. It was the second year in a row when order inflow was higher than estimates. Jeff Bezos is selling $1 billion of Amazon stock a year to fund rocket venture Jeff Bezos is selling about $1 billion worth of Amazon’s stock annually to fund his Blue Origin rocket company Axis-Kotak merger buzz has no government backing Senior government officers told TOI that neither bank has approached the Centre with a plan and in any case the plan being discussed at length in the analyst community does not make sense. The truth behind India’s electricity exporter status India’s per capita electricity consumption is one-fifth of the global average RBI monetary policy guide: Cash tools in focus as rates unchanged RBI will keep the repurchase rate at 6.25% on Thursday, according to all 52 economists in a ‘Bloomberg’ survey; 42 of 44 see the cash reserve ratio held at 4% Banks’ incremental credit-deposit ratio falls to 26% in FY17, from 89% a year ago The excess liquidity has been invested, with the result that investments by banks grew by 22.17% in FY17, compared to 5.36% in FY16 GIC Re, New India scout for merchant bankers for IPOs General Insurance Corporation of India (GIC Re) and New India Assurance Co have started search for merchant bankers to manage their initial public offerings (IPOs). Medwell raises $21 million from Mahindra Partners, others Medwell to use the funds to grow in existing cities as well as expand to newer regions A compelling case for easing by RBI Why should RBI ease interest rates? Higher rates and demonetization would likely push recovery to the second half of the year Blackstone Group to venture into private debt in India Blackstone will make its venture debt investments in India from a fund managed by its specialized Tactical Opportunities Group Impact investor Acumen to launch India-dedicated fund Acumen started its India office in 2006, and the region is already the biggest geography for the firm in terms of capital invested India favourably placed for foreign investments: DIPP Secretary According to Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek, an enabling regulatory framework is imperative to make that happen. Flipkart set to raise up to $1.5 billion amid talks to buy Snapdeal Flipkart will get a pre-money valuation of $10 billion in the current funding round, with investments from Microsoft, Tencent and eBay PM Narendra Modi taking Indian economy from $2 tn to $20 tn; best time to invest in country: Anil Agarwal "It is high time India had to eradicate poverty and create jobs. What can be a better time, when there is a stable government, 1.3 billion people and home consumption," Agarwal said while addressing the Global Natural Resource Conclave today. SBI unveils new branding after merger of 6 entities While the legendary SBI monogram has been the de-facto symbol of SBI, combining it with the abbreviated SBI word mark is pivotal to the new identity India's financial aid to Afghanistan, Bangladesh, Sri Lanka sees dip India provided development aid of Rs 221 crore to Afghanistan between April 1, 2016 and March 27, 2017 as against Rs 880 crore in 2015-16 and Rs 723 crore in 2014-15. Tech start-ups are seeing their share of venture investing pie shrink As Goldman points out, cash on the sidelines is sitting at an all-time high, so tech start-ups won’t likely see large declines in dollar terms Yes Bank lists over 3 crore shares following Rs4,907-crore QIP The QIP, through which the bank raised Rs4,906.65 crore, will boost the capital adequacy to 20%, Yes Bank Another Indian Dixit Joshi climbs the ladder at Deutsche Bank Three years later, with the sensex in kissing distance of closing above the 30,000 mark, Joshi has been named Deutsche Bank's group treasurer. Why Indian e-commerce sites cannot replicate the Amazon success story After burning billions in venture capital, Indian e-commerce companies are now realising that there’s no such thing as unlimited funding, impressive losses are a thing of the... Is the tide turning for Siemens? Siemens is showing signs of acceleration in orders and revenues, and it is favourably placed for more large orders including a railway project, which should enhance earnings visibility, says a broking firm Uday Kotak reiterates interest in acquiring SUUTI’s stake in Axis Bank: report Uday Kotak says if SUUTI decides to offer its stake in Axis Bank, Kotak Mahindra Bank’s board will look at the merit and evaluate it, says a report Govt may hike salary threshold to Rs21,000 for mandatory PF coverage The Rs21,000 cap for mandatory PF coverage will cover over six million more employees without putting a strain on the government exchequer No job losses due to chatbots, artificial intelligence: Banks The bank is also using artificial intelligence to replace "dumb search" on its website with something that is more intuitive. India among top potential markets for H&M, plans to open stores in smaller towns India is definitely in the top three markets, with more than a billion people living and the country growing H&M Group CEO Karl-Johan Persson said. Investors ride on new-age logistics players Several new-age logistics players have raised close to $300 million in the past six months Who will be top dog after consolidation? Flipkart will have to contend with Amazon’s deep pockets We would be adding 15 to 20 stores every year: Sukumar Srinivas, Shankara Building Our margin has gone up to 6.5% plus this year. As we go forward, we are striving to see that the margins continuously improve, says the Shankara Building MD. F&G Retail: Navigating the changes in consumer taste In the last five years, the Indian household has gone through a major shift in terms of its food and grocery consumption. Thanks to the multiple channels bringing in an array of culinary shows and tra Ralph Lauren to close flagship Fifth Avenue store, cut jobs Upscale fashion retailer Ralph Lauren said Tuesday that it would cut jobs and shutter its Polo store on Fifth Avenue in New York City as it seeks cost savings amid a sputtering turnaround effort.T Samsung most trusted brand in India: Report South Korean giant Samsung has regained top spot as India's most trusted brand in 2017, according to the Brand Trust Report. The consumer electronics company jumped 17 spots from its 2016 ranking. YouTube Go launched for spotty Internet signals on India YouTube Go, which is basically a toned-down version of the original YouTube app is now available in the Play Store for users in India Xiaomi denies 'sub-standard' chipsets in its devices in India In the letter sent to TRAI last week, COAI said that on the basis of tests conducted by individual telecom operators, some 4G/LTE devices, especially .. Ardom: Indian telecom infra firm Ardom buys US's Quanta in all cash ... Quanta in the last few years has invested an amount in excess of $ 14.5 million to create solar energy generation facilities on various telecom tower .. Reliance Jio laptop with 4G VoLTE SIM, 13.3-inch screen may launch soon Reliance Jio Summer Surprise is offering 100GB free 4G data for customers who recharge with Rs 999 or more packs Paytm users get free insurance on their mobile wallet Approach towards sustainable telecom is a fundamental responsibility In the last two decades, Telecommunication has emerged as a key driver of economic and social development in an increasingly knowledge intensive global scenario. Will global giant Huawei finally shine in India this year? After securing a strong global position, Huawei has a renewed strategy for India where its sub-brand Honor is already doing well. MEDIA-Indian telecom players go for staff reskilling to find them different jobs - Source link: (bit.ly/2nI79Wg)- Note: Reuters has not verified this story and does notvouch for its accuracy Godrej Yummiez is trying hard to win your heart through your stomach Brand Street India, an integrated marketing agency from Delhi, is piloting the brand’s marketing activities across major cities Adulteration of milk, beverages rampant AHMEDABAD: If you think you the ghee you bought at the store will bring you all kinds of health benefits, think again. Amazon opens seven warehouses in bid to boost sales of large appliances, furniture Amazon India now has as many as 34 warehouses across 10 states, far higher than arch-rival Flipkart PepsiCo again engages in comparative ads, takes pot shot at Coca-Cola PepsiCos latest commercial for its 7Up appears to belittle rival brand Sprites long-standing tagline "Clear Hai" by highlighting the "new clarity" of this generation. Grocery Delivery Startup Instacart Announces $400M Funding Round San Francisco, Calif.-based same-day grocery delivery startup Instacart, co-founded by Indian American Apoorva Mehta, announced March 8 it has raised $400 million in a new funding round. Rice basmati weakens on easing demand | Business Standard News In restricted activity, rice basmati prices fell by Rs 100 per quintal at the wholesale grains market today owing to easing demand against adequate stocks position. However, other grains held steady in thin trade. Traders said fall in demand from After demonetisation shocker, FMCG firms shrug off growth worries March quarter will be better than previous one; full recovery will be visible next financial year TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India