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After TCS announced salary hikes from 1 Oct, Infosys too has declared that it will offer raises at the end of 3rd quarter. IT majors TCS, Infosys and Wipro had earlier decided to freeze the salary hikes amidst the Covid-19 pandemic.
AMFI has released a list of names prohibited to be used by mutual fund distributors. Distributors whose registered names have terms like Adviser, Investment Adviser, Wealth Manager etc. will have to update names going further.
Reports suggest that New York based PE firm Blackstone is in advanced talks with L&T finance to buyout the Mutual Fund business of L&T AMC. The fund house has AUM worth Rs. 63,057 crore as of September quarter.
Bajaj Finserv has applied for an Asset Management Compaby (AMC) license with Securities and Exchange Board of India (SEBI)
Quant Mutual Fund has launched NFO for Quant ESG Equity fund. The scheme will invest in companies demonstrating sustainable practices across Environment, Social and Governance (ESG) themes. The NFO closes on 30 October.
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Data Source: NSE, BSE & Kuvera.in
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