Last Updated : September 21, 2023 / 06:28 IST
Moneycontrol Daily: Your Essential 7
A daily round-up of the most interesting articles to help jump-start the day.
Market Buzz
Veteran i-banker Ravi Kapoor turns entrepreneurial with deal advisory and investment firm SACS Partners
Post Citi, veteran investment banker Ravi Kapoor has embarked on an entrepreneurial venture in his second innings by setting up a deal advisory and investment firm called SACS Partners, multiple industry sources with knowledge of the matter told Moneycontrol . Read more
Watch OutTake a look at these key eve
nts
Today
US body to hold hearing on religious freedom in India
Aprilia RS 457 to unveil in India
Indian cricket team to meet in Mohali after victory against Sri Lanka in Asia Cup
Signature Global India Ltd, Sai Silks to launch IPO
Neutral Expert to oversee Pakistan-India hydropower dispute
Andhra Pradesh Cabinet to be held under CM YS Jagan Mohan Reddy TomorrowMotorola set to launch Edge 40 Neo
Karnataka government to unveil dementia action plan
Redmi to launch Redmi Note 13 series in India
IAF to showcase spectacular air show in Jammu
UP to host its first international trade show
BJP to boycott Odisha Assembly speaker’s election
Court to decide on M3M MD’s fate
Big Story
Parliament Session: Move to new Parliament building beginning of new future, says PM Modi
Prime Minister Narendra Modi on Tuesday urged Members of Parliament to reaffirm the commitment to make India a developed nation by 2047 and described the move to the new Parliament building as a new beginning towards a new future. Read more
Your Money
MC Explains: What is total expense ratio and how it is calculated
Under the Securities and Exchange Board of India's (SEBI) mutual fund regulations, asset management companies (AMCs) are allowed to charge certain operating expenses, or Total Expense Ratio (TER), for managing a mutual fund scheme. This amount is a percentage of the fund’s daily net assets. TER is expressed as an annualised percentage of the assets of the fund. Since the assets of open-ended funds vary on a daily basis, the proportionate TER is accounted for in the scheme’s net asset value (NAV) on every business day when the NAV of the scheme is published. Read more
Tech Tattle
Accenture invests in Writer to fast-track Generative AI adoption
Accenture, a global professional services company, announced on September 19 that it made a strategic investment, through Accenture Ventures, in Writer, a platform that leverages generative AI to assist businesses in developing their content. Read more
Auto
Bajaj MD, Rajiv Bajaj hints at CNG powered motorcycle
Rajiv Bajaj, Managing Director of Bajaj Auto Ltd., talked about innovating on the creation a CNG powered motorcycle, with help from the Centre, in an interview with CNBC TV18. Read more
Tailpiece
Watch: Chennai Ganesh Chaturthi pandal has installed a Chandrayaan-3 rocket model
As India celebrates Ganesh Chaturthi, pandals, adorned with massive and intricately designed idols of Lord Ganesh, have sprung up in every corner. One of these is an innovative Ganesh Pandal in Keelkattalai, a neighbourhood in Chennai. Read more
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