Indian

Climate change may hurt Indian manufacturing due to heat stress on workers: study

Mar 25, 2021

The researchers found that there is around two per cent drop of productivity for every one-degree rise in annual temperature. ”The greatest declines occurred in labour-intensive plants,” the study said.

Investor wealth erodes by over Rs 7 lakh cr in two days of market crash

Mar 25, 2021

”Increased rate of infection across the country and world is creating more pessimism in the market, which has increased today due to monthly expiry. After the stellar rally, the market was on a consolidation stage during the last one month, which amplified post the sudden rise in infection impacting future economic growth,” Vinod Nair, Head of Research at Geojit Financial Services, said.

PFRDA set to revise fee structure for pension fund managers from Apr

Mar 25, 2021

Bandyopadhyay said as as now the fund managers are charging only one basis point for every Rs 100 that they manage.
According to these slabs, for AUMs up to Rs 10,000 crore, the maximum investment management fee will be 0.09 per cent. From Rs 10,001-Rs 50,000 crore, the fee has been capped at 0.06 per cent; Rs 50,001-1,50,000 crore at 0.05 per cent and for AUMs crossing Rs 1,50,000 crore, the management fee will be 0.04 per cent.

Authentication platform Prove acquires MEDICI Global

Mar 24, 2021

MEDICI Founder and CEO, Aditya Khurjekar said “We built our platform to enable at-scale innovation in fintech with domain depth and ecosystem-wide engagement. The MEDICI team is looking forward to bringing our passion for this space to Prove in the next phase of the company’s growth journey.”

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