Entering the low-cost housing segment, or Nano homes, is turning into a fashion of the season. Following in the footsteps of Tata group and Unitech, the Future group has also jumped on the bandwagon of affordable or low-cost housing projects. Future group’s unit, FH Residencies, has formed a joint venture, with Kolkata-based developer Sumit Dabriwal, for building affordable, branded,...

The Securities and Exchange Board of India’s (SEBI) decision to scrap entry load has axed the fat commissions earned by large mutual fund distributors, especially banks. The commissions will now have to be negotiated with individual clients. SEBI’s action has sparked a furore in the fund industry, led by agitated banks that had got used to easy commissions. Will the move affect banks’ attempts...

Which is the most liveable city in the world? The Economist Intelligence Unit (EIU) conducted a survey to find the answer. The cities were judged on five parameters – stability, healthcare, culture & environment, education and infrastructure. The findings show that the cities with the best scores usually tend to be mid-sized, are in developed countries with a low population density, and...