NHPC Ltd reported a 41% YoY decline in net profit to Rs 909 crore for Q2 FY24, compared to Rs 1546 crore last year. Revenue rose 4% to Rs 3052 crore, while EBITDA grew 2%, with improved margins of 58.9%.
Posts in category All News
Sebi mulls allaying concerns on ‘skin in the game’ rule for MF employees (07-11-2024)
To address concerns about the “skin in the game” rule for designated employees of mutual funds, Sebi on Thursday proposed reducing the mandatory investment percentage, applying it based on salary brackets, and excluding non-cash components like ESOPs from the minimum investment calculation.
The proposals aimed at easing compliance, particularly for employees with lower CTCs and those in operational roles.
At present, AMC employees such as the CEO, CIO, and fund managers are required to invest 20 per cent of their annual salary and perks in the mutual funds they manage. This amount is locked in for three years.
In its consultation paper, Sebi has proposed that the “minimum mandatory investment amount may be reduced from 20 per cent and made applicable slab-wise, based on the CTC of the employees”.
Employees earning below Rs 25 lakh would have no mandatory investment, while those with a CTC between Rs 25-50 lakh would invest 10 per cent, those between Rs 50 lakh-1 crore would invest
Sebi mulls allaying concerns on ‘skin in the game’ rule for MF employees (07-11-2024)
To address concerns about the “skin in the game” rule for designated employees of mutual funds, Sebi on Thursday proposed reducing the mandatory investment percentage, applying it based on salary brackets, and excluding non-cash components like ESOPs from the minimum investment calculation.
The proposals aimed at easing compliance, particularly for employees with lower CTCs and those in operational roles.
At present, AMC employees such as the CEO, CIO, and fund managers are required to invest 20 per cent of their annual salary and perks in the mutual funds they manage. This amount is locked in for three years.
In its consultation paper, Sebi has proposed that the “minimum mandatory investment amount may be reduced from 20 per cent and made applicable slab-wise, based on the CTC of the employees”.
Employees earning below Rs 25 lakh would have no mandatory investment, while those with a CTC between Rs 25-50 lakh would invest 10 per cent, those between Rs 50 lakh-1 crore would invest
IHCL Q2 Results: Net profit up 226% to Rs 583 crore, revenue up 27% (07-11-2024)
Tata-backed IHCL reported a 226% YoY profit surge to Rs 583 crore for Q2, with revenues up 27.4% to Rs 1826 crore. The company will manage The Claridges, New Delhi from April 2025. H1 revenues grew 16.4%, profit up 103%.
SEBI plans to ease skin in the game norms for MFs (07-11-2024)
SEBI has proposed to reduce the mandatory investment percentage by applying it based on salary brackets, and excluding non-cash components
Storage in key reservoirs down a tad this week (07-11-2024)
Level at 86% of total capacity; number of States with below-normal storage down to 3
BFSI Summit: Backed by structural factors, MFs set for consistent growth (07-11-2024)
Top MF CEOs see AUM reaching Rs 100 trillion in next 2-3 years
BS BFSI Summit: Rs 100 trillion AUM just 3-4 years away, say MF CEOs (07-11-2024)
The AUM has doubled in the past three years and is currently around Rs 67 trillion