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February 26, 2026
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Sebi, announces new portfolio allocation rule for multi cap mutual funds

By
Jyoti B
-

Sebi, in a circular, on Friday announced new set of portfolio allocation rules for multi cap mutual funds where the Market Regulator made it mandatory for the multi cap funds to invest a minimum of 25% of their portfolio each in large cap stocks, mid caps and small cap companies.

Multi cap equity funds invest in companies of all sizes and across sectors. Unlike large or mid cap funds, they can decide how money gets allocated between big, mid-sized, and small companies. This flexibility also allows them to make changes in the portfolio as market conditions change.

The other option AMCs would consider is converting multi-cap schemes into thematic schemes, which do not have investment restrictions. The last option would be to close down the multi-cap schemes and return the money to investors. These decisions will depend on Sebi’s approval.

The move will force money managers to lower their exposure to largecaps and shift funds to the midcap and smallcap stocks, a move that could result in about Rs 35,000-40,000 crore shifting from largecaps to the broader market.

Fund houses are required to comply with the new norms by January 31, 2021. The rush to add smallcaps and midcaps to multicap portfolios could result in a run-up in those share prices.

“The move by the regulator is structural. As on August 2020, the assets under management (AUM) under multi-cap funds were around Rs 1.45 lakh crore. Of these, around 70-75 percent of the funds were invested in largecap stocks and rest in mid-smallcap stocks. So we are estimating around Rs 30,000-35,000 crore additional liquidity for the mid-smallcap space,” Choice Broking said.

As less than 10 percent of the multi-cap AUM is in smallcap companies, these categories will be flush with liquidity, it said.

Currently, daily volumes in mid-cap stocks is about Rs 11,700 crore, while in small-cap scrips it’s about Rs 4,800 crore. So a Rs 300-crore transfer per day works out to about 2% of the current daily turnover in these stocks.

Currently, Kotak Standard Multicap Fund is the largest in the lot with an asset base of Rs 29,714 crore, followed by HDFC Equity Fund at Rs 19,798 crore and Axis Focused 25 Fund at Rs 11,372 crore, industry data showed.

Coronavirus update|September 13, 2020

By
Jyoti B
-

India’s coronavirus count rose to 46,59,985 on Saturday with a record rise of 97,570 new cases. The toll rose by 1,201 to 77,472. As many as 36,24,196 people have recovered from the infection, pushing the recovery rate to 77.77%. The case fatality rate has dropped to 1.66%.

Globally, the coronavirus has infected more than 2.85 crore people and claimed 9,16,348 lives, according to Johns Hopkins University. Over 1.92 crore people have recovered from the infection worldwide.

A new Ipsos survey, conducted on behalf of the World Economic Forum, shows that three-quarters of adults would get a vaccine for COVID-19 if it were available.

But nearly two-thirds (59%) don’t think one will be available by the end of 2020.

The study, which covers nearly 20,000 adults in 27 countries, also reveals where in the world take-up would be strongest.

Delhi recorded its biggest single-day jump of 4,321 cases of Covid-19 on Saturday, taking the city’s tally to over 2.14 lakh. Death toll in Delhi mounted to 4,715 with 28 fatalities recorded in the last 24 hours.

In the last four days when Delhi has recorded more than 4,000 new cases of Covid-19 daily, the number of tests carried out has been above 50,000.

Haryana reports its biggest single-day spike of 2,783 COVID19 cases and 24 fatalities, taking infection tally to 91,115 and death toll to 956; active case count 19,446: State health department.

Months after lakhs of Odia migrant workers returned home by Shramik Special trains in the wake of Covid-19 lockdown, over 1,800 of them today started their journey back to their workplaces in Gujarat and Chhatisgarh after Indian Railway decided to run five special trains for them.

A total of 5,62,60,928 samples tested up to 12th September. Of these, 10,71,702 samples were tested yesterday: Indian Council of Medical Research (ICMR).

India’s COVID19 recoveries have witnessed a steep exponential rise – from 50,000 in May to over 36 lakhs in September. A high level of more than 70,000 recoveries reported every day. Recoveries are nearly 3.8 times the Active Cases (under 1/4 total cases): Ministry of Health.

IPL 2020: DC head coach in dilemma to pick the final eleven

By
Harshit
-

Delhi Capital coach Ricky Ponting is finding a way to fit Ajinkya Rahane, Ravichandran Ashwin, and Ishant Sharma in the final XI of Delhi Capitals (DC) in the Indian Premier League (IPL) this year.


When Delhi Capitals purchased Ashwin from Kings XI Punjab and Rahane from Rajasthan Royals, Ponting and the team management did not know that the team based on the Ferozeshah Kotla pitch could spoil their plans due to the pandemic.


The team is full of Indian international players, which includes Prithvi Shaw, Shreyas Iyer, Rishabh Pant, Shikhar Dhawan, besides these three experienced cricketers. The team also has Amit Mishra (157 wickets), Akshar Patel and Mohit Sharma


For all practical reasons, only Ashwin looks certain to play in the playing XI for the opening match against Kings XI Punjab on September 20 as Iyer will have the option of using his senior off-spinner in the powerplay.

IPL 2020: Vodafone-Idea named as the co-sponsor for Indian Premier League

By
Harshit
-
IPL, IPL 2020, Indian Premier League, Vodafone-Idea
IPL, IPL 2020, Indian Premier League, Vodafone-Idea

Telecom operator company Vodafone-Idea (Vi) has become the co-sponsor of the upcoming Dream11 IPL 2020. IPL 2020 is going to start in UAE from 19 September. The company has given this information through a press release on Saturday.

Vodafone and Idea have had some engagement before the IPL as well. But this is the first time Vodafone Idea has signed a sponsorship deal after they merged in August 2018. This company is now operating under the brand name ‘Vi’.

Vi has got co-sponsorship rights for the live broadcast of the T-20 Premier League. The Dream11 IPL 2020 will be held in Abu Dhabi UAE this year. This telecasting will be done on Star Sports Network.

Earlier Dream11 had won the sponsorship of IPL 2020 with biding Rs 222 crore. After VIVO steps down from the title sponsor amid the ongoing border dispute between India and China.

At the moment Vi has not mentioned the financial data related to the co-sponsor deal with Star Sports. On Monday of this week, Vodafone Idea launched its new brand identity in India.

Aus vs Eng: Steve Smith available for 2nd ODI, as he passes concussion test

By
Harshit
-

Australia’s star batsman Steve Smith passed the second ‘Concussion’ Test on Saturday, and he got the green signal to play in the second ODI against England on Sunday.

Smith, 31, suffered a head injury during the practice sessions, which prevented him from playing the first ODI. Australia won that match by 19 runs. On the eve of the match, he received a head injury during a throw from the coaching staff during practice.

According to cricket.com au, Smith, the world’s number one Test batsman, has passed both concussion tests, which were done on Friday and Saturday. He was out of the first match as a precaution.

“Steve Smith has passed two concussion tests as he looks to return to the Australian side to face England on Sunday,” cricket.com.au tweeted

He will be back in the second game and take up his number three position. Australian team suffered a tragic loss when it came for the delivery from the top order and they lost 5 wickets in a quick succession until Maxwell and Marsh came in with their tremendous partnership.

Sonu Sood, Migrant Messiah is now Student Messiah

By
Neha Kumari
-

Sonu Sood Migrant Messiah is now Student Messiah. Because Sood has launched scholarships for underprivileged students in his late mother Saroj Sood’s name. Sonu said that during the past few months, he has seen the struggle of underprivileged people who faced problems to pay for their children’s education, and was moved by their plight.

“While some did not have phones to attend online classes, others did not have money to pay the fees,” he said.

The students who will get admission in courses from streams like Agriculture, Airlines & Tourism, Design and Innovation, Engineering and Technology, Healthcare Science, Hotel Management Computer Applications, Law, Management Studies, Para Medical Sciences, many more.

Sonu will also provide hostel facilities to those who can not afford the service. He provided an email that is scholarships@sonusoodme for students in need to reach out to him.

Sonu Sood has been working hard in the COVID-19 pandemic. While the whole world and other celebrities was enjoying their quarantine period, the ‘Dabbang’ actor helped lakhs of people including workers, students and even the people who are residing outside the country.

He has been given the title of ‘Migrant Messiah’ by his fans as he took up the responsibility of transporting migrant labourers to their homes via buses, trains and flights.

Chinese PLA Hand Over 5 Missing Arunachal Pradesh Youth

By
Neha Kumari
-

Five youngster from Arunachal Pradesh were handed back to India on Saturday by the Chinese authorities, Indian Army officials confirmed.

The matter was first brought to the attention of authorities when family members of the missing men claimed in social media posts that their kin had been taken by the Chinese Army while hunting near the border. In fact, two of the men who were part of the same group had managed to escape and immediately alert local police in Arunachal Pradesh’s Upper Subansiri district.

“Indian Army took over all five individuals at Kibithu on 12 September, 2020 after completing all necessary formalities,” Lieutenant Colonel Harsh Wardhan Pande, Defence PRO in a release.

“The individuals will now be quarantined for 14 days as per Covid-19 protocol and thereafter be handed over to their family members,” it added.

“All the 5 Indian youths from Arunachal Pradesh who were received at Kibithu by our Army from PLA are fit and fine. However, they will be quarantined for a specified period”, Union sports minister and BJP MP from Arunachal West Kiren Rijiju tweeted.

“Indian Army has always been proactive in tracing the lost locals and helping them return home. Three such incidents took place in the current year in Upper Subansiri and West Siang district including the latest one,” the release said.

“All such individuals were brought back home safely after consistent efforts and coordination by Indian Army in the past,” it added.

Kolkata City’s first woman officer-in-charge and two other dies in car accident

By
Jyoti B
-

A car accident claimed the life of Kolkata Police’s first woman officer-in-charge, Debashree Chatterjee and two other officers, her driver and her official guard. Chatterjee was presently posted as CO 12th Battalion. 

The accident took place on the Durgapur Expressway on Friday morning. They were travelling in a vehicle which reportedly rammed into a stationary truck loaded with sand. In 2010, Debashree took over as North Port PS as OC. She did appreciable work in the Women Grievance Cell in Kolkata.

The trio was taken to Imambara Hospital in Chinsura, where they were declared brought dead by the attending doctor.

According to eyewitnesses, the vehicle’s driver was allegedly speeding when it hit the truck. Officials of Hooghly district police said the driver may have lost control after dozing off on the wheel.

Chatterjee was returning to Kolkata from Siliguri by road. She started her return journey on Thursday night after visiting an armed battalion unit there. She was a resident Parnashree area in Kolkata`s Behala.

Chatterjee became the first ever lady officer to be posted as officer-in-charge of a police station. During her tenure as Inspector, she served as additional officer-in charge, Hare Street police station and officer-in-charge of North Port and Taratala police stations.

“She had done commendable work to prevent human trafficking and got international recognition,” the CM said.

“We have lost an efficient police officer,” Banerjee said. 

JEE Mains Result: Telangana girl emerged as the sole female to secure 100 percentile

By
Harshit
-

JEE Main exam result is out now and a total of 24 candidates have scored 100 percentile score in the JEE-Main exam including 5 from Delhi and 8 from Telangana. Out of these 24 toppers, Chukka Tanuja from Telangana is the only female with a 100 percentile score.

The results for the JEE Mains exam which was conducted earlier this month has been declared by the National Testing Agency (NTA).

More than 10 lakh students appeared in the examination including both January and September sessions. There was a 25% drop out in the September session of the examination due to pandemic, which is highest in the history of this examination.

There is a bit spike in the cutoff in comparison with the last year but only for the common list category, while the cutoff for OBC, EBC, SC, ST, and PwD category has declined.

This national level engineering test is conducted seeking admissions in IITs, NITs, IIITs, and GFTIs. The qualified students of JEE Main will appear for the JEE Advance examination which will be conducted by NTA on September 27.

Kangana Ranaut vs Shiv Sena: Mumbai Police to investigate actress’ drug links

By
Shivani Negi
-

The Maharashtra State government on Friday ordered Mumbai Police to investigate Kangana Ranaut’s drug links based on an old interview given by actor Adhyayan Suman.

The order came after the Manikarnika actor’s ongoing rift with the Uddhav Thackeray led Shiv Sena.

In a 2016 interview, Adhyayan Suman, who reportedly dated Kangana Ranaut for a year in 2009, had alleged that she is a drug addict and also asked him to use drugs at a party in 2008.

With Kangana’s feud with Brihanmumbai Municipal Corporation (BMC) controlled by Shiv Sena, the interview is being widely shared wherein Adhyayan can be seen alleging Kangana of forcing him into taking drugs. However, Kangana had earlier said that she has never consumed drugs and is ready to testify for the same.

Adhyayan Suman has refused to comment on the probe based on his remarks. “Please do not drag my name in this!! I was ridiculed back in 2016 for speaking out by these media channels and now I am sorry I have nothing to say!” he tweeted.

Earlier this week, Sena leader and Thane MLA Pratap Sarnaik, in a letter to the state Home Department, stated that Kangana’s drug links should also be investigated in reference to Adhyayan Suman’s interview. Home Minister Anil Deshmukh then said Mumbai Police would conduct a thorough probe into the matter.

The word of war between Kangana and Shiv Sena begun when the former compared Mumbai to PoK while talking about Sushant Singh Rajput’s case. Kangana’s remark did not go well with many leaders including Sena’s MP Sanjay Raut who then used some highly unethical word for the actress.

Kangana, who was given Y + security when she returned to Mumbai, has now sought Congress president Sonia Gandhi’s attention, saying she must intervene and stop the harassment of women.

“Dear respected honourable@INCIndiapresident Sonia Gandhi ji being a woman arn’t you anguished by the treatment I am given by your government in Maharashtra? Can you not request your Government to uphold the principles of the Constitution given to us by Dr. Ambedkar?” the actor tweeted.

Kangana Ranaut has been constantly in the news after the death of Sushant Singh Rajput. She has been vocal about how the actor was tortured in Bollywood and also linked his death to toxic rivalries, bullying and nepotism in the Hindi film industry.

After UAE, Bahrain joins hand to normalize relation with Israel

By
Jyoti B
-

Bahrain joined the United Arab Emirates in agreeing to normalise relations with Israel on Friday, a move forged partly through shared fears of Iran but one that could leave the Palestinians further isolated.

The announcements come at a politically opportune time for Trump, who is trailing his Democratic rival Joe Biden in national and key state polls as he continues to get poor marks from the public on his handling of the coronavirus pandemic.

Donald Trump, the president of the United States, announced the deal on Twitter on Friday after he spoke by phone to Bahrain’s King Hamad bin Isa Al Khalifa and Israeli Prime Minister Benjamin Netanyahu.

“This is truly a historic day,” Trump told reporters in the Oval Office, saying he believed other countries would follow suit.

“It’s unthinkable that this could happen and so fast.”

“Opening direct dialogue and ties between these two dynamic societies and advanced economies will continue the positive transformation of the Middle East and increase stability, security, and prosperity in the region,” the US, Bahrain and Israel said in a joint statement.

THE KING of Bahrain reiterated the necessity of reaching a fair and lasting peace between the Israelis and Palestinians based on the two-state solution, in a call with Netanyahu and Trump, Bahrain’s state news agency BNA said on Friday.

Army vehicle met with an accident, Two officer- suffered fatal injuries

By
Neha Kumari
-

Two Indian Army officers lost their lives after the Army vehicle in they were travelling met with an accident on Bikaner-Jaipur National Highway in Bikaner.


The deceased included Colonel Manish Singh Chauhan and Major Neeraj Sharma, suffered fatal injuries, according to the Defence PRO, Rajasthan.

 It is learnt that Colonel Manish Singh Chauhan had featured in Hrithik Roshan, Lakshya movie which released in 2004. In one of the scenes from Lakshya movie, young Colonel Chauhan is seen sitting next to actor Hrithik Roshan.


“An Army vehicle met with an accident on Bikaner–Jaipur road at about 6 today morning. Two officers, Col Manish Singh Chauhan & Maj Neeraj Sharma traveling in the vehicle suffered fatal injuries. The other injured have been evacuated to hospital,” said the PRO.

The army official added that ”the two officers died after the Army vehicle they were travelling in toppled over due to a tyre burst.”


Others who were in the vehicle and suffered injuries were taken to hospital.

“The preliminary investigation has revealed that the likely reason for the toppling of the vehicle was that they were trying to avoid hitting stray cattle. We are also investigating if there was a tyre burst,” said an official of Seruna police station.

PM Modi inaugurated 1.75 lakh houses under Pradhan Mantri Awas Yojana

By
Neha Kumari
-


Prime Minister Narendra Modi inaugurated 1.75 lakh houses built under Pradhan Mantri Awas Yojana- Rural in Madhya Pradesh through video conferencing. After this, PM Modi also interacted with the beneficiaries of this scheme.

Madhya Pradesh Governor Anandiben Patel, Chief Minister Shivraj Singh Chouhan, Union Minister Narendra Singh Tomar, BJP MP Jyotiraditya Scindia, among others were also present.

“I thank Prime Minister Narendra Modi on behalf of the people of Madhya Pradesh for changing the direction and status of the country through his welfare schemes,” Chouhan said.

“Under the leadership of PM Modi, we have constructed 17 lakh out of the 20 lakh houses. PM’s dream is that every poor in the country has his own home. With his blessings Madhya Pradesh is swiftly moving forward in this direction,” he added.

PM Modi Quotes –

• Earlier, the poor used to run after the government, now the government is going to the people. Now the name cannot be added or reduced in the list as per one’s wish. Scientific and transparent methods are being adopted from selection to manufacture: PM Modi

• When the income of the poor and the confidence of the villagers increases, our resolve to build a self-reliant India is also strengthened: PM Modi

• Every kind of modern infrastructure is being developed in the village to strengthen this confidence: PM Modi

• Under the Prime Minister’s Housing Scheme, 18 lakh houses have been completed across the country even in the midst of all the obstacles in the Corona period: PM Modi

• Of these, 1 lakh 75 thousand houses have been completed in Madhya Pradesh alone. The speed at which work has been done during this period is also a record in itself: PM Modi

Rabindranath Tagore’s relatives writes to Mamata Banerjee against Visva-Bharati officials

By
Neha Kumari
-

Relatives of Rabindranath Tagore including many prominent people , wrote a letter to the Chief Minister of Bengal, Mamata Banerjee, against the officials of Visva-Bharati University requesting them to take over the century-old heritage route as they feared access to it. Can be blocked.

The letter, written by 40 celebrities, which includes a member of artist Nandlal Bose’s family, states that high-rise walls and the “prison-like atmosphere has been created” in many parts of Santiniketan.

It is feared that the three-kilometer long road connecting Vishn Bharati to the Sriniketan village that Tegaur had dreamed of will be closed to the public and a new road will be built in its place.

This letter written in Bengali language says, “The construction of this wall eight to nine feet high on the part of this old route is nearing completion, where there are also the houses of scholars like Amartya Sen, Kshitimohan Sen and Nandlal Bose”.

“An 8 to 9 foot high wall is nearing completion on part of this ancient road which is dotted with residences of luminaries like Amartya Sen, Khsitimohan Sen and Nandalal Bose,” reads the letter written in Bengali.

“Once the wall is completed, this road will be closed to residents of Sripally, Simanta Pally, Pearson Pally, Andrew’s Pally, Deer Park, Binoy Bhavan and Sriniketan, and part of Santiniketan’s history and heritage will be lost,” he added.

According to reports, on August 17, the decision of Visva-Bharati, founded by Tagore in 1921, to build fences around the Poush Mela grounds sparked violence and the university’s properties were vandalized by a mob.

California wildfires: Record-breaking fires leave thousands homeless

By
Shivani Negi
-

Yet again due to human negligence, the wildlife have to suffer along with the huge damage to the nature. Almost 80% of the wildfires are caused by humans and spread due to lack of awareness regarding the surroundings, the August Complex Fire became the California’s largest ever wildfire this week. It grew to 746,607 acres, up from 471,185 a day earlier, authorities said.

Ten people have been confirmed dead in past 24 hours across California, Oregon and Washington, but officials say some areas are still impossible to reach. Over half a million people have been evacuated the authorities confirmed.

Kate Brown, the Governor stated that amount of land burned up by fires in just last 72 hours was twice the state’s annual average. And at least five towns had been substantially destroyed.

“We have never seen this amount of uncontained fire across our state,” she told a press conference.

“We know that there are fire related fatalities. And as soon as we are able to provide confirmed information, we will do so.”

Local Oregon officials have confirmed two deaths in the Santiam Canyon region, 60 miles (95 kilometers) south of Portland, and another was recorded in the Ashland area, near the California border.

Police went door to door to make sure that residents were evacuating the Molalla, marking their driveways with spray paint to show they had left.
All three West Coast states have been scrambling to contain rapidly spreading wildfires since the weekend due to unprecedented heat waves followed by intense, dry winds.

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