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Navi Mutual Fund has reduced the minimum application amount across its schemes to Rs 10.
2022-09-28T15:24:32+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-28T14:24:05+05:30


The mid cap category has also underperformed its benchmark in both the five and seven-year horizons.
2022-09-28T13:29:11+05:30


A multi-index fund of funds invests in passively managed instruments such as ETFs and Index Funds of equity and equity-related instruments (domestic index funds & ETFs as well as overseas ETFs ), fixed income securities, Gold / Silver.
2022-09-28T11:52:26+05:30


“Returns from April 2020 are clearly unsustainable and should not be used as a referral point for future. Given the liquidity equity and especially equity mutual funds offer should also be an integral part while allocating for the future,” says Anoop Bhaskar.
2022-09-28T09:52:05+05:30


Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 & Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund will invest in a mix of Indian Government Bonds (IGBs) and State Development Loans (SDLs).
2022-09-28T09:21:38+05:30


One reason why rich investors prefer debt mutual funds is the benefit of indexation available, a facility not available with both bonds and fixed deposits.
2022-09-28T09:12:27+05:30


“Even if the investor skews his portfolio to a flexicap category, be rest assured that he or she will have at least 60-65% in the largecap more or less. But if he or she is skewing it to a smallcap category, I would be a little worried from a risk and volatility standpoint. Second, in the flexicap category, the average alpha generated is 5.31% whereas in the largecap category, it is 2.38%.”
2022-09-28T09:01:00+05:30


“Across the sectors, we are sensing that whether it be SME, whether it be medium size, whether it be large corporates, all companies across the value chain are saying that the demand momentum is extremely strong. So manufacturing remains a medium to long-term theme and after a long time, apart from the consumption engine, the manufacturing engine is firing in my view.”
2022-09-27T12:35:27+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-27T10:22:17+05:30


Investors eyeing to make the most of this amazing India growth story, investing in mutual funds through actively or passively managed schemes seem to be an ideal strategy.
2022-09-27T07:55:24+05:30


Fund houses have filed drafts for as many as 12 new passive debt funds with the Securities and Exchange Board of India. ABSL Mutual Fund and HDFC Mutual Fund are leading with the maximum number of drafts.
2022-09-27T07:15:44+05:30


“One should remain invested and six months from now, if one is unhappy, then one must extend the time horizon as it is going to be a good journey. There could be one-off events which will keep hurting or impacting the markets but one has to stay invested in equities. This is a good time over the next four, five years.”
2022-09-26T13:31:31+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts
2022-09-26T13:06:37+05:30


The ELSS category manages a whopping Rs 1.5 lakh crore, as on August 31. These schemes have come a long way from offering a maximum tax deduction of Rs 10,000 in a financial year in 2006 to Rs 1.5 lakh today.
2022-09-26T11:13:19+05:30


While it boasts a strong track record over market cycles, this performance is often accompanied by higher volatility than many of its peers.
2022-09-26T06:30:00+05:30


According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth of the world's fifth-largest economy.
2022-09-26T06:21:49+05:30


Not only large cap funds, but most other equity mutual fund categories faltered in beating their respective benchmarks in the five and seven year horizons. Here's our analysis.
2022-09-23T15:07:52+05:30


Nifty 50 equal weight index concentrates on sectors like financial services, automobile and automotive components, FMCG, healthcare and IT
2022-09-23T14:13:59+05:30


The exit load is 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re 1 thereafter.
2022-09-23T11:28:57+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-23T09:49:42+05:30


TMFs are passively managed open-ended debt mutual funds that track a benchmark bond index with a pre-defined maturity date. To understand better, you can compare these funds to traditional investment avenues such as fixed deposits (FDs).
2022-09-23T09:38:42+05:30


Liquidity in the banking system has slipped into deficit for the first time in three years. Shrinking liquidity and a pick-up in credit demand are expected to result in short-term interest rates firming up.
2022-09-23T07:23:24+05:30


The scheme will generate returns by investing in units of Gold and Silver ETFs; the daily weights shall be market driven with the starting (NFO) allocation of 70:30.
2022-09-22T14:50:13+05:30


Among equity mutual funds category, the large cap category was the worst hit. Around 91% of the schemes underperformed in the seven-year horizon.
2022-09-22T12:51:23+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-22T12:22:13+05:30


Fund managers believe that RBI can raise rates by 40-50 bps in the upcoming policy. The Fed rate hike has impacted the global equity markets as well as the bond markets.
2022-09-22T11:32:13+05:30


Federal Reserve Chair Jerome Powell warned that the process of conquering the highest inflation in 40 years will involve some pain.
2022-09-22T09:50:35+05:30


With this, total inflow has reached to Rs 61,258 crore in the first five months of the current fiscal. This came following an inflow of over Rs 1.24 lakh crore in the 2021-22 financial year.
2022-09-22T09:26:43+05:30


The Nifty Auto Index is designed to reflect the behavior and performance of the automobile segment of the financial market.
2022-09-21T17:29:21+05:30


Debt fund managers said that it is the right time to invest in credit risk funds because the valuations and outlook are very positive.
2022-09-21T12:03:30+05:30


SBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund are open-ended schemes that would replicate the performance of the underlying indices - Nifty Midcap 150 Index and Nifty Smallcap 250 Index, respectively.
2022-09-21T11:11:16+05:30


“I have been following a not so disciplined asset allocation because of restrictions of my job, but I have diversified myself in equity, real estate, gold and fixed income. I am largely an equity investor but I have exposure in all the asset classes. I am not able to move from one asset class to another as freely as I would have loved because of the restrictions of my job.”
2022-09-21T10:11:00+05:30


There is always a debate on how much diversification is okay in a mutual fund scheme. Nippon India Small Cap Fund holds 147 stocks and Samir Rachh says it is justifiable.
2022-09-21T08:46:38+05:30


Investors eyeing visible returns, low expenses and a portfolio of high-quality bonds or government securities are buying target maturity funds.
2022-09-21T07:46:29+05:30


Navneet Munot and Vetri Subramniam were speaking at the Morningstar Investment Conference, 2022, in Mumbai about sustainable investing.
2022-09-20T16:09:26+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-20T12:26:52+05:30


Equity strategist Kranthi Bathini of Wealth Mills Securities opines that the impact of Fed meet’s outcome would be relatively less on India. “We are in a better position fundamentally. We never had zero interest rates and no ultra-loose monetary policies to trouble us. Fed rate hikes impact us as well but to a lesser extent,” he said.
2022-09-20T10:39:49+05:30


Value funds have been doing really well recently. Three value schemes have completed 25 years in the market.
2022-09-20T10:00:18+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-19T09:57:44+05:30


The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
2022-09-19T06:30:00+05:30


Given uncertanities, experts suggest avoiding incremental investments in long duration funds or bonds.
2022-09-19T06:30:00+05:30


The fund has put in a strong showing since 2020 with the fund ranking in the top quartile in its category. The presence of a veteran fund manager at its helm gives comfort for the long term.
2022-09-19T06:30:00+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-16T12:17:52+05:30


The CPSE ETF has offered 35% returns in the last one year, 16% in 6-months and 11.54% returns in three months. Mutual fund analysts say that this performance may continue for some more time.
2022-09-16T11:40:11+05:30


Domestic investors lost about Rs 3 lakh crore from their kitty as the total market capitalisation of BSE-listed firms plunged to Rs 285.9 lakh crore from Rs 283 lakh crore during the session
2022-09-16T10:35:46+05:30


Persistently high inflation increases the pressure on the central bank to hike rates more aggressively, leading to a rise in bond yields and losses for bond holders.
2022-09-16T09:52:53+05:30


​​​India has slashed the base import prices of gold, palm oil, and crude soya oil, the government said in a statement late on Thursday. Meanwhile, holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.15% to 962.01 tonnes on Thursday from 960.56 tonnes on Wednesday. Spot silver dipped 0.7% to $19.01 per ounce.
2022-09-16T07:44:31+05:30


The scheme will invest 80 percent of the corpus in equity related securities as per the different business cycles. The portfolio will be focused on a few selected sectors which are likely to do well in a particular business cycle.
2022-09-15T16:19:47+05:30


In the calendar year 2022, sector funds have seen inflows worth Rs 12,584 crore. This includes net outflows of around Rs 1,266 crore in August.
2022-09-15T13:27:13+05:30


According to the draft prospectus, the proceeds of the issue shall be to purchase vehicles for a commercial purpose; purchase containers for expansion of the non-vessel owning common carrier division; meet working capital requirements; general corporate purpose and meet issue-related expenses.
2022-09-28T20:05:15+05:30


Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics.The company had 112 stores across 36 cities as of August this year.
2022-09-28T18:55:54+05:30


The company intends to utilise the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.
2022-09-28T07:55:25+05:30


The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30


Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30


Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30


WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
2022-09-26T12:39:27+05:30


Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.
2022-09-24T10:50:13+05:30


The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.
2022-09-23T14:47:57+05:30


​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
2022-09-23T05:48:27+05:30


Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.
2022-09-22T18:11:12+05:30


Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.
2022-09-22T05:47:24+05:30


“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
2022-09-21T14:36:54+05:30


The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
2022-09-20T14:25:42+05:30


The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).
2022-09-20T12:53:24+05:30


The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.
2022-09-20T09:06:17+05:30


According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.
2022-09-20T06:16:20+05:30


In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.
2022-09-19T18:40:19+05:30


Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.
2022-09-19T11:07:07+05:30


This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.
2022-09-19T09:35:19+05:30


Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
2022-09-18T09:28:28+05:30


The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.
2022-09-17T10:03:44+05:30


Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.
2022-09-16T13:25:09+05:30


The company’s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.
2022-09-16T12:20:22+05:30


Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.
2022-09-16T11:16:41+05:30


The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.
2022-09-16T07:25:20+05:30


RRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.
2022-09-15T16:50:01+05:30


The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.
2022-09-15T13:28:55+05:30


Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.
2022-09-15T10:02:20+05:30


"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.
2022-09-14T19:36:28+05:30


The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.
2022-09-14T12:19:37+05:30


The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.
2022-09-14T10:06:41+05:30


Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.
2022-09-12T18:54:42+05:30


The operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The company’s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.
2022-09-12T13:57:12+05:30


The company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.
2022-09-10T13:20:49+05:30


In the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.
2022-09-10T08:10:47+05:30


Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market
2022-09-09T15:16:05+05:30


The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.
2022-09-09T10:42:57+05:30


Harsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company has five manufacturing facilities.
2022-09-09T08:47:34+05:30


Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
2022-09-09T07:03:48+05:30


The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities - Coda Holdings Singapore and Coda Holdings LLC.
2022-09-09T05:29:01+05:30


Attracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation.
2022-09-08T17:11:06+05:30


As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue closed for subscription. Despite the rise, the premium is still less just five per cent compared to the IPO price.
2022-09-08T15:38:15+05:30


The public issue was sold in the price band of ₹500-525. The private lender raised ₹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at ₹510 apiece.
2022-09-08T06:30:20+05:30


Analysts attribute the listing gains to the company's bright prospects and strong response from investors. "The company will be one of the biggest beneficiaries of the rising air travel in India, and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future," aid Santosh Meena, head of research at Swastika Investmart.
2022-09-07T06:22:40+05:30


The entire money thus raised will be used to retire debt, a statement from the company said on August 30.According to the DRHP, the entire proceeds from the IPO (Initial Public Offering) will also be used to retire debt and post-issue which will be entirely fresh issue of shares, the company will be net debt-free.
2022-09-06T20:50:33+05:30


Volkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still subject to developments in capital markets.Some investors criticised the timing for a stock market debut, with European shares on a downward spiral, inflation at record highs and Russia halting gas supply to Europe through the main Nord Stream 1 pipeline.
2022-09-06T14:03:21+05:30


As per the Technopak report, in FY21, the company had an approximate market share of 14 per cent of the organised market. Other key players that have presence in Andhra Pradesh and Telangana are-- Tanishq, Kalyan Jewellers, Malabar Gold Pvt Ltd, GRT Jewellers and Joyalukkas.
2022-09-06T12:39:02+05:30


TMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as 79.78 per cent of its customers have been associated with the bank for a period of more than five years
2022-09-06T11:18:44+05:30


Going by the draft papers, proceeds from the fresh issue will be used for investment in the company's arm Concord Enviro FZE in relation to financing the construction of an assembly unit in Sharjah International Airport Free Zone.
2022-09-06T06:37:36+05:30


A daily round-up of the most interesting articles to help jump-start the day.
Sat, 24 Sep 2022 07:14:58 +0530


A daily round-up of the most interesting articles to help jump-start the day.
Sat, 24 Sep 2022 07:14:58 +0530


A daily round-up of the most interesting articles to help jump-start the day.
Thu, 22 Sep 2022 06:17:28 +0530


A daily round-up of the most interesting articles to help jump-start the day.
Wed, 21 Sep 2022 06:05:44 +0530


Now, the general and health insurers will have to file 8 returns and life insurers will be filing 3 returns in place of 17 returns being filed currently.
Tue, 13 Sep 2022 21:33:42 +0530


The company said its new policy, #39;health absolute#39; is designed to empower customers to actively manage their health and lead a healthy lifestyle and comes with a host of wellness benefits.
Tue, 06 Sep 2022 18:36:28 +0530


The company said its new policy, #39;health absolute#39; is designed to empower customers to actively manage their health and lead a healthy lifestyle and comes with a host of wellness benefits.
Tue, 06 Sep 2022 18:36:28 +0530


According to the draft prospectus, the proceeds of the issue shall be to purchase vehicles for a commercial purpose; purchase containers for expansion of the non-vessel owning common carrier division; meet working capital requirements; general corporate purpose and meet issue-related expenses.
2022-09-28T20:05:15+05:30


Sterling, which hit record lows against the dollar on Monday, whipsawed in volatile trade, while gilt prices roared higher, fuelled by the central bank's commitment to postpone a planned sale aimed at reducing the bonds it bought during the depths of the pandemic.
2022-09-28T19:47:58+05:30


The Dow Jones Industrial Average rose 63.9 points, or 0.22%, at the open to 29,198.92.
2022-09-28T19:10:19+05:30


2022-09-28T19:05:07+05:30


Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics.The company had 112 stores across 36 cities as of August this year.
2022-09-28T18:55:54+05:30


The announcement came as government borrowing costs soar after Friday's costly budget that sparked fears over the public finances.
2022-09-28T18:53:07+05:30


The momentum oscillator RSI was in a bearish crossover. “The trend is likely to remain weak as long as it remains below the 17,000 level. On the lower end, 16,800-16,830 levels will likely remain key support points. On the higher end, resistance is visible at 17,000,” said Rupak De, Senior Technical Analyst at LKP Securities.
2022-09-28T18:48:26+05:30


The company has created a non-disposable undertaking (NDU) over 9.39 crore shares of ACC Ltd on September 26, 2022, said a regulatory filing by Ambuja Cements.
2022-09-28T18:38:44+05:30


2022-09-28T18:31:42+05:30


The New York-based stock exchange, which competes with CBOE Global Markets, NYSE and its parent Intercontinental Exchange Inc and BATS Global Markets, said the fourth quarter and full year 2022 results will reflect the changes.
2022-09-28T18:25:43+05:30


On the daily charts, it formed a bearish candle and has been making lower highs and lower lows for the last six sessions. The index has support at 37,300 levels, while resistance is at 38,500 levels.
2022-09-28T18:25:09+05:30


These companies are positive on the long-term structural growth of the Indian chemicals sector on the back of China plus one strategy, focus on reducing chemical imports, R&D capabilities, and its leading and strong position with favourable government policies, the brokerage report said.
2022-09-28T18:14:47+05:30


Currently, the Indian tiles industry is confronting seasonality-led weak demand as well as input cost pressure on the back of increasing gas prices. Nonetheless, brokerage firm B&K Securities is of the view that the tiles players in the country shall likely register a pickup in sales from the third quarter of FY23.
2022-09-28T18:07:29+05:30


"Spot gold prices for 24-carat gold in Delhi fell by Rs 435 per 10-gram following risk-averse sentiment and the Exchange Traded Funds (ETF) cut holding in gold," said Dilip Parmar, Research Analyst at HDFC Securities.
2022-09-28T17:58:25+05:30


“Now a product on an EV platform is available at below Rs 10 lakh ticket size. That definitely is very strong in terms of a response from the consumers. But more importantly, this is coming on a platform or from Tata Motors, a brand which is already successful on the Indian markets and so people will definitely accept this.”
2022-09-28T17:56:55+05:30


The funds raised through the issue will be used for repayment or pre-payment of a portion of certain outstanding borrowings availed by the company and its subsidiaries and for general corporate purposes, subject to receipt of consent from our lenders, it stated.
2022-09-28T17:45:01+05:30


‘We have a lot to do in getting our water management right as that will boost agriculture and animal husbandry. A lot of work needs to be done in the infrastructure sector, too. With respect to the infrastructure, particularly roads and railways, the government is doing the needful. For the rest, the private sector is working hard”
2022-09-28T17:44:36+05:30


The yuan has exceeded expectations it might fall to 7 to the dollar after the Federal Reserve started aggressive rate hikes to cool inflation that is at a four-decade high. The Fed has raised rates five times this year and says more increases are likely.
2022-09-28T17:29:52+05:30


The 30-share BSE Sensex closed down 509.24 points at 56598.28
2022-09-28T17:26:56+05:30


2022-09-28T17:23:58+05:30


In the Nifty50 index, 18 stocks closed in the green, while 32 stocks ended in the red.
2022-09-28T17:21:51+05:30


The NSE Nifty index closed 148.8 points down at 16858.6
2022-09-28T17:16:44+05:30


Hindalco, JSW Steel, ITC, Axis Bank and RIL were among the top losers on NSE in today's trade.
2022-09-28T17:11:38+05:30


The NSE Nifty index closed 148.8 points down at 16858.6
2022-09-28T17:06:32+05:30


The Nifty Auto index closed 0.06 per cent up at 12537.35.
2022-09-28T17:01:26+05:30


2022-09-28T17:00:04+05:30


The 30-share BSE Sensex closed down 509.24 points at 56598.28
2022-09-28T16:56:19+05:30


Liberty Shoes, Sreeleather, Jay Jalaram Technologies Ltd., Shivalik Bimetal and Sundaram Finance, hit their fresh 52-week highs during the day.
2022-09-28T16:51:12+05:30


The Nifty Realty index closed 0.67 per cent down at 414.25.
2022-09-28T16:46:02+05:30


“The actual impact of EVs on the financials will be seen probably in FY26. Yes, we have to look at the future and analyse the company and that is the reason why we are trying to identify the winners but at this stage, I will still go with Mahindra & Mahindra.”
2022-09-28T16:43:44+05:30


The 30-share BSE Sensex closed down 509.24 points at 56598.28
2022-09-28T16:40:55+05:30


For the quarter ended June 30, 2022, the company reported consolidated net sales of Rs 71,934.66 crore, up 8.32 per cent from the year-ago quarter's net sales of Rs 66,406.45 crore. The company reported a net loss of Rs 4,987 crore for the latest quarter.
2022-09-28T16:32:04+05:30


With the launch of AIF, we move a step closer to realizing our dream of offering investment solutions to all categories of investors, right from Gulaq portfolios (Brain Child of Estee Advisors) for retail investors to PMS & AIFs for large, sophisticated investors. The key differentiator in all these products is the quant drive approach in which we take great pride in being the market leaders," he said.
2022-09-28T16:30:49+05:30


The 30-share BSE Sensex closed down 509.24 points at 56598.28
2022-09-28T16:30:44+05:30


“Hiring new trainees, training them, putting them on the job reduces the impact of attrition and that is being seen. However, it is still at the higher end. A good sign is this time it seems to be stabilising or going down but we need to still work on to see that attrition comes to a normal level. Otherwise, the impact of attrition on wages and margins will remain,” says Ashank Desai
2022-09-28T16:23:12+05:30


The Nifty Pharma index closed 0.85 per cent up at 12705.4.
2022-09-28T16:20:34+05:30


The 30-share BSE Sensex closed down 509.24 points at 56598.28
2022-09-28T16:15:27+05:30


In the Nifty pack, 18 stocks closed in the green, while 32 stocks ended in the red.
2022-09-28T16:10:21+05:30


Those reserves are forecast to fall another $23 billion to $523 billion by the end of this year, according to the median forecast from a Sept. 26-27 Reuters poll of 16 economists. If realised, that would be the lowest level in over two years.
2022-09-28T16:09:24+05:30


The US 10-year Treasury yield hit the 4 per cent mark before easing a bit while the US Dollar index touched a new multi-year high of 114.78. The rupee hit a record low of 81.94 against the greenback.
2022-09-28T16:07:30+05:30


In the Nifty 50 index, 18 stocks ended in the green, while 32 stocks closed in the red in today's trade.
2022-09-28T16:05:14+05:30


2022-09-28T16:00:24+05:30


The Nifty IT index closed 0.24 per cent up at 27067.65.
2022-09-28T16:00:07+05:30


Further in another development, M&M acquired 21,14,349 equity shares constituting 17.41% of the paid-up equity share capital of Swaraj Engines from Kirloskar Industries. Consequently, the shareholding and voting rights of M&M in Swaraj Engines stand increased from 34.72% to 52.13% and Swaraj Engines now becomes M&M’s subsidiary with effect from 27 September, 2022.
2022-09-28T15:45:39+05:30


“The valuations are rich but it holds for smallcaps and midcaps too. These are companies which are offering growth and probably many of them might have decadal opportunities to become much larger companies than what they are today. Some of these are in sectors which lend themselves to discretionary consumption, to the unorganised to organised shift. Some are benefiting from PLI schemes for manufacturing.”
2022-09-28T15:38:27+05:30


The International Monetary Fund (IMF) and ratings agency Moody's criticised Britain's new economic strategy announced on Friday, which has sparked a collapse in the value of British assets. Investors braced for more havoc in bond markets that has already forced the Bank of England to promise "significant" action.
2022-09-28T15:30:35+05:30


Shares of Vijaya Diagnostic Centre, listed on September 14, 2021, at Rs 542.30, have since then fallen around 30 per cent from their 52-week high of Rs 672.50.
2022-09-28T14:41:10+05:30


In a simple language, the move to renewables and EVs will mean that the demand for certain metals and minerals from copper to lithium will move up, for some, by an order of magnitude.
2022-09-28T14:27:34+05:30


In a simple language, the move to renewables and EVs will mean that the demand for certain metals and minerals from copper to lithium will move up, for some, by an order of magnitude.
2022-09-28T14:27:34+05:30


Investors globally are on edge as surging borrowing costs stoke fears of widespread recession, with most of the world's major central banks putting their focus squarely on tightening policies to contain super-heated inflation.
2022-09-28T14:24:00+05:30


Minister of cooperation S.T. Somashekhar said the state is mulling amending the Act in December and will be seeking further clarifications from the Union government.
Wed, 28 Sep 2022 20:31:09 +0530


Realtors welcome the move and request further rebates on stamp duty for constructed properties.
Wed, 28 Sep 2022 19:46:31 +0530


Catch Karthik Raghupathy, Head of Strategy and Investor Relations, PhonePe in conversation with Vivek Lohcheb, Vice President, Offline Business Development, PhonePe, as they Deep Dive Into The Merchant Digitisation Journey
Wed, 28 Sep 2022 19:25:42 +0530


Vikram Dhawan, fund manager at Nippon India Mutual Fund joines Money Control to discuss how gold stacks up against other asset classes.
Wed, 28 Sep 2022 18:39:50 +0530


The Nifty50 index is near its crucial support level of 16,800-16,700. If that gets broken, there could be further sharp selling in the market; otherwise 17,000 is going to act as immediate resistance, experts say.
Wed, 28 Sep 2022 17:26:05 +0530


Prabhudas Lilladher is bullish on Westlife Development has recommended buy rating on the stock with a target price of Rs 847 in its research report dated September 27, 2022.
Wed, 28 Sep 2022 17:22:17 +0530


Among sectors, power, bank, and metal indices fell 1-2 percent, while pharma index rose 0.5 percent.
Wed, 28 Sep 2022 17:20:29 +0530


Online meat seller Licious faced a storm of resistance from VCs, or #39;vegetarian capitalists,’ as the founders called them. Licious co-founder Abhay Hanjura says that meat continues to be carried surreptitiously in black plastic bags, like sanitary pads, condoms, and alcohol, even though a majority of Indians consume meat.
Wed, 28 Sep 2022 17:07:38 +0530


Prabhudas Lilladher is bullish on Torrent Pharmaceuticals has recommended buy rating on the stock with a target price of Rs 1850 in its research report dated September 28, 2022.
Wed, 28 Sep 2022 17:02:49 +0530


Motilal Oswal is bullish on Star Health and Allied Insurance Company recommended buy rating on the stock with a target price of Rs 830 in its research report dated September 27, 2022.
Wed, 28 Sep 2022 16:53:10 +0530


Motilal Oswal recommended Neutral rating on Torrent Pharma with a target price of Rs 1500 in its research report dated September 27, 2022.
Wed, 28 Sep 2022 16:48:43 +0530


The BKC is one of the costliest commercial districts in India, and many stakeholders say the premium charged for additional FSI is very high. In fact, the latest move comes in the backdrop of the MMRDA trying to fetch around Rs 500 crore by leasing over 10,000 sq m of two land parcels, but has not found any takers.
Wed, 28 Sep 2022 16:46:07 +0530


Sharekhan is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1400 in its research report dated September 27, 2022.
Wed, 28 Sep 2022 16:42:55 +0530


Sharekhan is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 600 in its research report dated September 27, 2022.
Wed, 28 Sep 2022 16:37:22 +0530


In the intraday trade, the rupee slipped below the 82-level for the first time against the American currency, as a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite.
Wed, 28 Sep 2022 16:22:59 +0530

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