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MFs’ asset base from small towns up 46pc to Rs.3.5 lakh cr

MFs’ asset base from small towns up 46pc to Rs.3.5 lakh cr

Contribution of the country’s small towns to mutual funds asset base surged 46 per cent to Rs.3.5 lakh crore by June-end due to initiatives taken by markets watchdog Sebi and the sectoral regulator Amfi. Mutual funds’ assets under management (AUM) from B15 locations – small towns beyond top 15 (T15) cities – grew from Rs.2.42 [...]

July 30, 2017 Loknath Das Business Comments Off on MFs’ asset base from small towns up 46pc to Rs.3.5 lakh cr

IHS to buy data provider Markit, combined company to base in UK

IHS to buy data provider Markit, combined company to base in UK

U.S.-based IHS Inc (IHS.N) agreed to buy Markit Ltd (MRKT.O) to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate tax rates are lower. The companies said IHS shareholders will own about 57 percent of the combined company following the [...]

March 21, 2016 Saheli Business Comments Off on IHS to buy data provider Markit, combined company to base in UK