Chanda Kochhar, MD & CEO, ICICI Bank The Union Budget for FY2012 is a growth oriented budget that seeks to build on India’s strengths and to address the challenges that we face. In line with this approach, the budget seeks to build on our growth drivers through infrastructure and social sector development, address challenges of … Read more
Let’s start with the sources. By the middle of the XX century the U.S. had about 70% of the world gold reserves. The Bretton Woods Monetary Management System was set up in July 1944 and primarily resulted in recognition of the U.S. dollar as the world currency, while the fixed relationship of dollar to gold … Read more
Recently barred fast track resolution by the U.S. Supreme Court, opponents of the Affordable Care Act (ACA) have resumed their legal quest to derail the law through the traditional Circuit Court route. Twenty-six states last week filed a motion in the 11th Circuit Court of Appeals in Atlanta urging the court to strike down the … Read more
INTRODUCTION One of the outstanding features of globalization in the financial services industry is the increased access provided to non-local investors in several major stock markets of the world. Increasingly, stock markets from emerging markets permit institutional investors to trade in their domestic markets. Indian stock market opened to Foreign Institutional Investors in 14th … Read more
1. Mutual Funds Offer Diversification:The beauty of a mutual fund is that you can buy a mutual fund and obtain instant access to a hundreds of individual stocks or bonds. Otherwise, in order to diversify your portfolio, you might have to buy individual securities, which exposes you to more potential volatility. 2. Mutual Funds are … Read more