You are here: Home » Markets » News
Business Standard

Eyeing India's Silicon Valley

Sneha Padiyath Sachin P Mampatta  |  Jayshree P Upadhyay 

Bengaluru seems on the radar of wealth managers these days, as the nouveau riche of the technology world turn to professionals for money management. One leading brokerage's wealth arm has nearly doubled the number of wealth managers it employs in the tech-hub of India. In fact, a dozen of these managers were employed with another global wealth management firm which shut shop recently. Wealth management seems to have moved from family office solutions to CXO office solutions.

EPFO jitters

A number of equity evangelists are having second thoughts on EPFO (Employees' Provident Fund Organisation) liberalisation. The reason? Recent news items suggesting money would be allocated to public sector companies. Many are perceived to be poorly run because of government interference, and any allocations are seen to be a case of throwing good money after bad. If the government does press through, it could expect to hear uncharitable things from market mavens, too, in addition to the trade unions.

Sebi's annual report to get jazzier


The Securities and Exchange Board of India (Sebi) is likely to present a contemporary annual report this financial year. The capital market regulator plans to seek external help to revamp its annual report to make it in line with some of the international peers. Sebi, which prescribes disclosure requirements to listed companies, is leading by example.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, July 12 2015. 22:29 IST
RECOMMENDED FOR YOU
.