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My Money Invest is a Financial Advisory services of Mutual Funds registered with AMFI, which had been providing similar services for over 28 years, to the satisfaction of its clients. My Money Invest offers a wide array of products and services, including integrated Financial planning, Wealth management, Tax Consulting services, Insurance & Mutual Fund.
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The fund regained its consistency in outperformance soon after the current fund manager took over its reins. However, it has experienced a dip over the past year as the market preferences shifted away from growth.
2022-10-03T06:30:00+05:30


A missed SIP instalment happens when there isn’t sufficient balance in the account.
2022-10-03T06:30:00+05:30


High cash positions in an equity fund can pay off for investors, but only up to a point.
2022-10-03T06:30:00+05:30


The infrastructure sector has done very well in the past 6-12 months. The category average returns of infrastructure sector funds in the past six months and one year is the highest among the equity diversified funds (large, mid, multi and small cap).
2022-10-03T06:30:00+05:30


"Overall, the monetary policy is not as hawkish as the market expected. Global adverse development has been acknowledged but RBI monetary policy stance is predominantly domestic driven. Rates market should take this positively and should trade in a range”.
2022-09-30T12:46:24+05:30


The RBI has raised the repo rate by 50 basis points to 5.9%. Hardening interest rates are likely to dampen the sentiment in both the stock and debt market. The RBI has raised the repo rate by 50 basis points to 5.9%.
2022-09-30T11:13:45+05:30


According to reports, there were two attempts to sell IDBI Mutual Fund that could not be successful, and it resulted in the merger with a company owned by the same parent.
2022-09-30T09:31:25+05:30


The second edition of the IRIS shows that 59% urban Indians believe their savings won’t last even 10 years in retirement. The survey had 3,220 respondents across 28 cities, including six metros.
2022-09-29T16:45:47+05:30


Smart Beta investing involves stock selection and weighting based on factors, rather than size, as defined in the underlying index methodology by NSE Indices Limited (NIFTY 50).
2022-09-29T12:11:10+05:30


"With muted performance in the last couple of years, we believe the theme is coming out of the woods and there are more legs to recovery,” says Chintan Haria, Head - Product Development and Strategy, ICICI Prudential AMC.
2022-09-29T12:07:42+05:30


India opening up not only benefits India to diversification but also helps global investors with diversification in their portfolio.
2022-09-29T10:52:59+05:30


“I would say more than any material financial goals like buying a house, buying a car, funding a child’s education, my biggest financial goal was to gain some amount of independence, some amount of mental security. My investment portfolio has done just that. My worst investment in a way came in the first couple of years where I invested into bonds because I wanted to save tax but from a slightly longer term perspective, that did not provide the returns which the other asset class like equity has provided.”
2022-09-29T09:01:00+05:30


"Equity funds continue to witness healthy flows. SIPs remain popular and continue to grow, both in terms of a number of accounts as well as gross amounts. Recent mutual fund NFOs, including our Flexi cap fund, have seen healthy inflows. The Debt funds’ AuM - ex overnight and liquid funds, has actually shrunk. Investors with a medium-term horizon should consider short to medium-term funds and credit risk funds."
2022-09-29T09:00:00+05:30


The Indian rupee slipped to its fresh all-time lows of 81.94 ahead of the Reserve Bank of India's policy announcement on Friday, when the central bank is expected to raise rates.
2022-09-29T06:36:02+05:30


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


Further, the remaining part of the year 2022 can see more mature companies accessing the platform. Moreover, tech-based and larger broking players can play a major role in developing the SME platform, Uday Nair, Director at Fedex Securities, said, adding, "overall the year is good for SME companies looking to raise capital from the exchange".
2022-10-02T12:58:02+05:30


The regulator's board also approved a proposal on the introduction of a new option for the appointment and removal of independent directors and bringing buying and selling by mutual funds under insider trading rules. ET had reported September 29 that the Sebi board would be approving these measures.
2022-10-01T07:07:05+05:30


“Pre-filing of an offer document is a well-established procedure in several international jurisdictions. It is a move in the right direction by the regulator aimed at preserving the confidentiality of nuanced business and financial information from competitors,” said Arka Mookerjee, partner at JSA, a leading national law firm.
2022-09-30T20:30:58+05:30


The Securities and Exchange Board of India said after a meeting of its board that companies would have to disclose key performance indicators, details of pricing of shares based on past transactions and past fund raising from its investors.
2022-09-30T19:04:41+05:30


“Given the volatility in the current markets and the limited window available under the currently filed DRHP, Sterlite Power has decided to withdraw the DRHP. However, it remains observant of the market and will consider re-filing DRHP in the future," said Pratik Agarwal, managing director, Sterlite Power.
2022-09-30T18:55:51+05:30


Manish Gupta, chairman of Insolation Energy, said “the company is overwhelmed by the confidence of the investors shown on us. We are committed to perform and try to match the expectation of our investors. The company will be among top 10 Solar brands in India both in terms of capacity and sales in next two years.”
2022-09-30T17:11:49+05:30


Pratik Agarwal, Managing Director of Sterlite Power, said that given the volatility in the current markets and the limited window available under the currently filed DRHP, it has been decided to withdraw the DRHP.
2022-09-30T16:59:36+05:30


The company will reserve 50 per cent of the net issue for the qualified institutional buyers (QIBs), whereas non-institutional bidders will get 15 per cent shares. The remaining 35 per cent shares will be allocated to the retail bidders.
2022-09-30T15:00:11+05:30


Incorporated in 1980, Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. It operates and manages 112 stores with a retail business area of 1.12 million square feet, located across 36 cities, predominantly in Andhra Pradesh, Telangana and NCR.
2022-09-30T14:31:08+05:30


​According to the DRHP, the company intends to raise Rs 750 crore through its primary offering, which entirely consists of an offer-for-sale (OFS) by its promoters and existing shareholders.
2022-09-30T14:14:55+05:30


SRSL is engaged in providing end to end IT equipment on a rental and returnable basis in India and it serves over 275 customers, across different business sectors, located at over 16 states and three union territories of India, the company said in a press release.
2022-09-29T19:22:12+05:30


The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore.
2022-09-29T18:29:45+05:30


Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros.
2022-09-29T15:45:30+05:30


In comparison to 2021-22, the response of retail investors also moderated, the database showed. The average number of applications from retail dropped to 7.57 lakh, in comparison to 15.56 lakh in 2021-22. The highest number of applications from retail was received by LIC (32.76 lakh) followed by Harsha Engineers (23.86 lakh) and Campus Activewear (17.27 lakh).
2022-09-29T15:13:22+05:30


Porsche was and is the pearl in the Volkswagen Group," Chris-Oliver Schickentanz, chief investment officer at fund manager Capitell, said. "The IPO has now made it very, very transparent what value the market brings to Porsche. That, of course, also has a positive effect on Volkswagen shareholders.
2022-09-29T07:42:27+05:30


The regulator's board, which will meet on September 30, will also clear a proposal to bring buying and selling by mutual funds under insider trading rules; they are currently excluded. The move comes in the wake of the Franklin Templeton episode in which some executives were accused of insider trading.
2022-09-29T06:15:36+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


Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. Its offerings include more than 6,000 SKUs (stock keeping units) across product categories from over 70 consumer durable and electronic brands.
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


Ahead of Cal Treichler’s 26th birthday in June, he faced a common challenge for 20-somethings fortunate enough to have parents with health insurance: He had to get off their plan and find his own coverage.
Sat, 01 Oct 2022 19:13:30 +0530


A daily round-up of the most interesting articles to help jump-start the day.
Thu, 29 Sep 2022 06:12:10 +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.
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


2022-10-03T08:09:42+05:30


Telecom companies will be at the focus as Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra high-speed internet on mobile phones.
2022-10-03T07:36:50+05:30


The U.S. dollar index fell 0.12% to 122.10, while the yen firmed at 144.79. Dollar/yen has held steady below the 145 level following an intervention by Japan to shore up the fragile currency.
2022-10-03T07:30:18+05:30


Rising interest rates dim bullion's appeal as they increase the opportunity cost of holding the non-yielding asset. Euro zone inflation zoomed past forecasts to hit 10% in September, a new record high that will reinforce expectations for another jumbo interest rate hike next month from the European Central Bank.
2022-10-03T07:24:28+05:30


2022-10-03T07:16:53+05:30


Sewing joins top global financial chief executives, such as Jane Fraser of Citigroup and Jamie Dimon of JPMorgan, in appreciating India's ability to reap the benefits of a shift in globalisation patterns where multinational companies are diversifying supply chains away from China amid rising geopolitical risks.
2022-10-03T06:41:35+05:30


Oil prices have tumbled for four straight months since June as COVID-19 lockdowns in top energy consumer China hurt demand while rising interest rates and a surging U.S. dollar weighed on global financial markets.
2022-10-03T06:40:24+05:30


The worst-case scenario for me would be a further escalation of geopolitical conflicts. The second significant risk is entrenched inflation in the developed markets. These markets are not used to operating with high inflation and, therefore, it is so important what the Fed and the ECB are doing. We need to get that poison out of the economy.
2022-10-03T06:32:24+05:30


Koerner's memo was the second straight Friday missive as speculation over the beleaguered bank's future increases. Analysts at KBW estimated that the firm may need to raise 4 billion Swiss francs ($4 billion) of capital even after selling some assets to fund any restructuring, growth efforts and any unknowns.
2022-10-03T06:21:56+05:30


Sales of smartphones, televisions, home appliances, apparel and fashion products went up 12-20% over last year's Navratri period and there has been 8-12% growth in volume sales of electronic products.
2022-10-03T06:01:00+05:30


2022-10-03T06:00:00+05:30


The money was distributed on Friday night following which lenders have formed a five-member committee to monitor the change of management until the company's reins are handed over to Authum Investment & Infrastructure, the successful resolution applicant, people familiar with the details said.
2022-10-03T00:57:21+05:30


With this fund, the cumulative AUM raised under the MO Alts platform between growth capital and real estate would stand at around ₹14,000 crore. MO Alts is currently managing over $1.1 billion across four growth capital funds. The funds are focused on providing growth capital to Indian mid-market companies, across sectors such as consumer, financial services, life sciences and niche manufacturing.
2022-10-03T00:43:12+05:30


Kariakal Port defaulted on loans of ₹2,960 crore. It was admitted for insolvency proceedings on April 29 by the Chennai bench of the national company law tribunal (NCLT). The three others were JSW Infra, Jindal Power and consortium of RKG Fund and Sagacious Capital.
2022-10-03T00:31:27+05:30


Currently, STL exports about 80% of its optic fibre cable and network products to global markets, including the US and Europe. STL’s market share in US is 14% and in Europe it’s more than 20%.
2022-10-02T23:49:07+05:30


According to property consultant Knight Frank India, although the interest rate this far has not had a significant impact on sales, with the deterioration of affordability, this could become a factor soon. Affordability has worsened by 2% across cities since the rate cycle changed in May.
2022-10-02T23:36:26+05:30


In a significant policy shift, the IBBI on Friday took the first step towards institutionalisation of the profession of Insolvency Professional (IP) by amending the regulations incorporated and enacted in 2016.
2022-10-02T21:08:07+05:30


A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported, citing sources. The laid-off employees were informed on Friday that they would be paid for 45 days and that they would no longer be needed to report for work. "The crypto market has been in the grip of a bear market because of the current global economic slowdown," WazirX was quoted as saying in a statement.
2022-10-02T18:46:23+05:30


Last month, over 2.85 lakh two wheelers, rolled out by Honda Motorcycle and Scooter, were registered across the country as against over 2.51 lakh two wheelers of Hero Motocorp, as per the Indian government's Vahan portal. This is the first time that Honda Motorcycle and Scooter pipped Hero Motocorp in retail sales.
2022-10-02T17:22:13+05:30


"Discretionary trading should not be done with a job. Secondly, you should have at least one or one-and-a-half years worth of expenses saved separately so that even if you blow your account, your lifestyle doesn’t get affected to the extent that things go for a toss. I strongly believe people who are in jobs should do more of investing. That is a much more peaceful and less riskier work if they study well rather than getting into trading."
2022-10-02T16:27:35+05:30


The Dow Jones Industrial Average closed below 29,000 for the first time since November 2020. The index fell 500.10 points, or 1.71%, to 28,725.51. The Nasdaq Composite was 1.51% lower, ending the day at 10,575.62. Meanwhile, the S&P 500 was down 1.51% on Friday, falling to 3,585.62. The index closed out its worst month since March 2020. For September, the Dow tumbled 8.8%, while the S&P 500 fell 9.3%. The Nasdaq lost 10.5%.
2022-10-02T16:21:34+05:30


​​Indian equity indices snapped their losing streak on Friday as the markets posted gains after seven consecutive days of correction. According to Mehul Kothari of Anand Rathi “Now at this point in time, we are witnessing a bullish engulfing candlestick pattern. Nifty has potential to go towards 17,300/17450 and that would be a deciding zone,” said.
2022-10-02T15:01:08+05:30


Due to elevated bond yields and depreciation in INR, we don’t expect any major outperformance and the index should perform in line with Nifty. However, at the start of the October series, the index has moved near to its Call base of 39000 and a close above 39000 would be important for any short covering move.
2022-10-02T14:44:09+05:30


2022-10-02T13:27:38+05:30


After the Ethereum merger, there was a significant increase in user contract calls. Historically, such behavior has indicated a growth in activity on the Ethereum network that goes beyond simple token transfers. Concerns about network instability may have motivated participants to sideline holdings before the event was successful.
2022-10-02T13:19:45+05:30


Further, the remaining part of the year 2022 can see more mature companies accessing the platform. Moreover, tech-based and larger broking players can play a major role in developing the SME platform, Uday Nair, Director at Fedex Securities, said, adding, "overall the year is good for SME companies looking to raise capital from the exchange".
2022-10-02T12:58:02+05:30


The dramatic twists and turns of negotiating a corporate deal, which are typically confined to the boardrooms, were played out for the world at large, with Musk never shying away from expressing his views on the micro-blogging platform he wished to acquire.
2022-10-02T12:45:54+05:30


Godrej Consumer Products (GCPL) is part of the 124-year-young Godrej Group. The company operates under categories such as household insecticides, personal wash, hair care and air care.They have a strong presence in 3 emerging markets such as Asia, Africa, and Latin America and serves nearly 1.2bn consumers.
2022-10-02T12:10:33+05:30


The issue price for the offer is fixed at Rs 5 (including a premium of Rs 3 per equity share), which is at a discount of 43% to the last trading session’s closing price of Rs 8.7. Of the Rs 5, the initial payment of Rs 2.5 per equity shares is due at the time of application, and the balance Rs 2.5 per equity share is due on subsequent call(s).
2022-10-02T12:06:39+05:30


Domestic macro data will influence the trajectory of Indian equities. Gross revenue from goods and services tax (GST) in September logged 26% growth YoY, surging to Rs 1,47,686 crore. Also, the manufacturing PMI and services PMI for September due to be released on October 3 and October 6, will have a bearing on the markets.
2022-10-02T11:39:57+05:30


In the second carefully-worded memo sent to reassure staff in as many weeks, Koerner told employees not to confuse the “day-to-day” stock price performance with the Swiss firm’s “strong capital base and liquidity position.” The shares are hovering near a record low. Koerner asked staff to remain disciplined and close to clients despite all the media attention the bank is receiving.
2022-10-02T11:13:20+05:30


The RRBs should have a track record of profitability and earned operating profit of minimum Rs 15 crore for at least three out of the previous five years, according to the draft guidelines issued by the finance ministry recently.Besides, there should not be any accumulated loss and the lender should have given return on equity of minimum 10 per cent in three out of the preceding five years, it said.
2022-10-02T11:01:30+05:30


"Right now, if we see the weekly charts of Nifty, the index has not broken its high of 18,114 levels to confirm that it has started the higher top higher bottom series to form a view of buy on dips. Though the broader markets and the market breadth have been strong in this up move from 15,191-18,096. So, from Bank nifty & midcaps perspective, both the indices have taken out their previous swing tops & there buy on dips can be done."
2022-10-02T11:00:00+05:30


The valuation of Reliance Industries fell by Rs 41,706.05 crore to reach Rs 16,08,601.05 crore.State Bank of India's valuation diminished by Rs 17,313.74 crore to Rs 4,73,941.51 crore.The market capitalisation (mcap) of ICICI Bank tanked Rs 13,806.39 crore to Rs 6,01,156.60 crore and that of HDFC Bank eroded by Rs 13,423.6 crore to Rs 7,92,270.97 crore.
2022-10-02T10:56:19+05:30


The UK government's expansionary fiscal policies amid elevated global inflation roiled the global currency markets and resulted in risk-off sentiment in equities," said Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities.On the domestic front, there is some fuel related concerns, besides marginal drop in GDP estimates, he added.
2022-10-02T10:46:05+05:30


The global slump did not spare the Indian markets. The Fed scare had shaved off about 4% from Nifty in just few trading sessions with serious collateral damage to the currency and Gsec yield. Indian Rupee breached the long-held support level of 80 to move near 82 while the ten year Gsec yield surged by over 15bps. With this, the decoupling debate has been put to rest.
2022-10-02T10:35:18+05:30


Tanti spearheaded the wind revolution in India with the founding of Suzlon Energy in 1995. He envisioned the opportunity in the Indian renewable energy industry at a time when the global wind energy market was dominated by international players and characterised by expensive and complicated technologies that were largely unviable for traditional businesses.
2022-10-02T10:31:48+05:30


The pharma sector has outperformed and gained 2 per cent month on month compared to a fall of 4 per cent in Nifty50. We believe the positive trend will continue as it has started showing outperformance after a long time as the USFDA issues and announcements are minor in nature with respect to the plant observations. As the rupee weakness, export revenues are expected to increase and new product launches in domestic formulations, US branded generics will drive growth.
2022-10-02T10:11:00+05:30


“This is not the time to be adding to asset allocation on a long term basis. This is a tactical play. The market was grossly oversold and therefore a rebound was due. Usually as soon as a policy statement comes through, many of the shorts get cut and therefore if the policy is not a surprise to the market, one would have a movement in the other direction. ”
2022-10-02T10:00:00+05:30


With the year heading into its last quarter, there is likely more pain ahead. Central banks are in full fire-fighting mode, making clear they intend to raise interest rates further to douse inflation, even if that leads to economic recession.
2022-10-02T09:56:12+05:30


Market veteran Mark Mobius has allocated a higher weight to India than China since the start of this year. Jupiter Asset Management says some of its emerging-market funds have India as their largest holding. M&G Investments (Singapore) Pte has made a “greater allocation” to India in 2022. India’s expanding domestic market means the country can weather a looming global recession better than most other emerging markets, money managers say.
2022-10-02T09:37:55+05:30


"As the dollar index keeps on rising, gold is becoming less and less attractive for other currency holders amid high volatility in equity markets. Therefore, for the upcoming festive season, the same volatility can be expected to continue along with $ 1600 as a danger zone. If prices move below this level, then the next support may emerge at $1530 – 1550 levels. "
2022-10-02T09:11:00+05:30


"There is a big theme emerging for the next few quarters- compression in input prices. As per the latest India PMI release, “input cost pressure retreated to one year low in August-2022”. If this trend is to continue, which we expect, there will be an opportunity in sectors which use commodities as inputs. Therefore, we are looking for opportunity in cement, tiles, and other capital goods."
2022-10-02T09:01:00+05:30


“I am positive on both pharma and FMCG because these stocks are not impacted by interest rate hikes and if inflation gets under control, which is clearly the mandate and the will of RBI. I like companies which are consumption-oriented like ITC, Burger King and United Spirits because if inflation comes under control, then a lot of the products that they make will come within the reach for their end consumers.”
2022-10-02T09:01:00+05:30


"Adani Enterprises, which is the second Adani Group stock that has been added to the benchmark index, has concentrated on developing world-class infrastructure assets that advance national development. Its diverse portfolio is primarily divided into developing enterprises, transportation and logistics, and energy and utilities. The stock has turned into a multibagger over time. After a significant surge, the stock appears to be under moderate profit booking."
2022-10-02T09:00:00+05:30


“Right now, I would say FMCG, cement, banking and auto would be the go-to places. IT is going to get hammered again, post the results. So, IT is a no-go zone.”
2022-10-01T19:38:13+05:30


2022-10-01T18:32:37+05:30


Overall shorts are coming out of the system, short-covering action is there in the market today, and we expect that upside momentum is likely to continue in the coming trading session. So, one should remain long with a stop loss, as mentioned, like 16,950 for Nifty and 38,400 for Bank Nifty.
2022-10-01T17:39:09+05:30


The US markets have continued to stay weak; S&P 500 has violated important supports. However, they now stay oversold as well. The volatility came down a bit. India VIX declined 3.04%. The coming week is likely to see the levels of 17,165 and 17,300 acting as resistance. The levels of 17,000 and 16,800 will act as potential supports.
2022-10-01T16:41:47+05:30


2022-10-01T15:18:14+05:30


Active equity fund managers have avoided taking position on these AMFI-defined largecap stocks
Mon, 03 Oct 2022 08:37:51 +0530


Members of parliament will not be asked to approve the decision until they have learned how it will be funded in the Chancellor#39;s medium-term plan on Nov. 23, the report said quoting government sources.
Mon, 03 Oct 2022 08:08:29 +0530


The government sparked turmoil in financial markets last month after Kwarteng delivered a plan to cut taxes, mainly benefitting the wealthiest, without detailing the impact on the public finances or how ministers would reform the economy to spur growth.
Mon, 03 Oct 2022 08:06:39 +0530


The government sparked turmoil in financial markets last month after Kwarteng delivered a plan to cut taxes, mainly benefitting the wealthiest, without detailing the impact on the public finances or how ministers would reform the economy to spur growth.
Mon, 03 Oct 2022 08:06:39 +0530


Indians are moving away from cash and traditional banking payment instruments and have wholeheartedly embraced UPI to make payments because of its ease and sheer convenience. Fintechs are driving this nationwide shift
Mon, 03 Oct 2022 08:03:17 +0530


The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay.
Mon, 03 Oct 2022 07:54:37 +0530


Stock Market News: Trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 190.50 points on Monday
Mon, 03 Oct 2022 07:45:01 +0530


At the start of the governing Conservative Party#39;s annual conference, Kwarteng and Prime Minister Liz Truss have been forced to defend a plan that failed to spell out the financing for deep tax cuts combined with an expensive package of energy subsidies.
Mon, 03 Oct 2022 07:37:25 +0530


At 8 p.m. local time on Saturday, a match between Arema FC and Persebaya Surabaya kicks off at the Kanjuruhan Stadium, Malang in East Java, Indonesia.
Mon, 03 Oct 2022 07:33:32 +0530


The bulls need some support from global markets to continue Friday#39;s momentum. The geopolitical situation, macro numbers from the USA, the direction of the US dollar index, and bond yields will be key factors to watch out for at the global level, says Santosh Meena, Head of Research, Swastika Investmart.
Mon, 03 Oct 2022 07:31:07 +0530


A round-up of the biggest articles from newspapers
Mon, 03 Oct 2022 07:21:52 +0530


A reduction of that magnitude would be the biggest since the pandemic, although OPEC delegates said a final decision on the size of the cuts won’t be made until ministers gather in Vienna on Wednesday. West Texas Intermediate futures jumped around 3%, on track for the first gain in three sessions.
Mon, 03 Oct 2022 07:18:12 +0530


Amid the crush, Naveed Ahmed, a young doctor in the emergency response department of the Abdullah Shah Institute of Health Sciences, is surrounded by five or six people trying to get his attention.
Mon, 03 Oct 2022 07:15:00 +0530


Amid the crush, Naveed Ahmed, a young doctor in the emergency response department of the Abdullah Shah Institute of Health Sciences, is surrounded by five or six people trying to get his attention.
Mon, 03 Oct 2022 07:15:00 +0530


In its second comment on the breach of private data from 10 million accounts, SingTel sought to clarify reports it could face a huge compensation bill.
Mon, 03 Oct 2022 07:12:33 +0530

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