Franklin Templeton lays off 20 employees

MUMBAI: Franklin Templeton Mutual Fund has asked 20 of its employees to leave the firm with the fund house under fire for shutting down six of its debt schemes and under-performance of some of its top equity schemes. The laid-off executives were mostly part of sales, including cluster heads and relationship managers, said sources. The […]

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Moody’s Investors Service sees India’s economic growth at ‘zero’ in FY21

(Representative image) MUMBAI: Moody‘s Investors Service on Friday said it estimates India’s GDP growth to hit ‘zero’ in FY21 and pointed to a wide fiscal deficit, high government debt, weak social and physical infrastructure, and a fragile financial sector.The quality of India’s economic growth has declined in recent years, demonstrated by financial stress among rural […]

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Reliance Jio Investment: Vista Equity Partners to invest Rs 11,367 crore in Jio platforms | India Business News

NEW DELHI: Private equity firm Vista Equity Partners will pump Rs 11,367 crore into Jio Platforms for a 2.32 per cent stake. This is the third investment announcement for Mukesh Ambani‘s company after social media giant Facebook and Silver Lake’s share acquisition proposal in the last few weeks. “This investment values Jio Platforms at an […]

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