Domestic equity benchmarks BSE Sensex and NSE Niftyslipped over half a per cent in Friday’s trade after Fitch Ratings cut India’s GDP growth projection for next financial year to 6.8 per cent from 7 per cent earlier on weaker-than-expected growth momentum. Snapping its…
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No relief for struggling bond market as RBI seen tightening money tap
Reserve Bank of India is seen curtailing its support for the bond market, dashing hopes of relief for investors reeling under two straight months of declines. The central bank may buy ₹1.7 trillion ($24 billion) of debt in the year starting April 1,…
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Sundaram cancels dividend for small-cap fund after market crash
Fund houses cannot promise dividend to unitholders. It can be paid as and when the fund house books profits. Sundaram Mutual Fund has cancelled the dividend in its Small Cap Fund citing “non-availability of distributable surplus” to pay its unitholders. The…
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