In your interest.
Online Personal Finance Magazine
No beating about the bush.
The asset management companies (AMCs) of mutual funds make money, irrespective of whether or not their unit-holders do. Last year, most mutual funds did quite badly. Not so the AMCs. Most of them had a great year. This is the issue. If, as a unit-holder, you wanted to know how much money the AMCs made, it would be hard for you to find out in some cases. Six months of the current FY are already...
But can he execute his plan?
BK Modi, who has had a chequered business life, and is known for his eccentric business ideas, says he is investing $200 million to acquire and develop two pristine Islands—Batam and Bintan—near Singapore. He told Moneylife: “It is true that I am acquiring two Indonesian islands located just about 45km south-east of Singapore. I have plans to transform both the...
Gitanjali Gems has just announced that its top four brands, namely, Gili, Nakshatra, D’damas and Asmi are worth Rs1,502 crore, according to the valuation done by Brand Finance, a UK-based firm in marketing and brand valuation. How should we interpret this information?
Apparently, Gitanjali’s objective for this exercise was to identify the demand drivers for its brands and further enhance...