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Budget 2023: Will taxation on high value insurance be positive for debt mutual funds?
​Mutual fund managers believe that the high net worth individuals can use debt mutual funds instead of these insurance products.
2023-02-02T14:09:54+05:30
How your mutual funds performed after Budget 2023?
Most equity mutual fund categories lost 0.01-2.68% on the budget day. Only the technology fund category gained 0.67%.
2023-02-02T13:56:33+05:30
Nippon India Mutual Fund launches Nifty SDL Plus G-Sec – Jun 2029 Maturity 70:30 Index Fund
The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. Index shall mature on June 29, 2029 and hence has a defined maturity date.
2023-02-02T12:19:57+05:30
New income tax regime: Will ELSS mutual funds lose their charm?
Under the old income tax regime, taxpayers can invest up to Rs 1.5 lakh in ELSS funds in a financial year and claim tax deductions on the contribution under Section 80C.
2023-02-02T11:32:13+05:30
Budget 2023: Market to remain volatile till relative valuation of India is more comfortable: S Naren
“FII exodus has come out of the relative valuation of India versus the world and this Budget was not something that could have completely changed sentiment because the government has to do fiscal consolidation. They have to stimulate growth and they have done both. This is the reason why the immediate reaction has been positive but the Budget cannot change market valuations.â€
2023-02-01T16:13:00+05:30
Mutual funds have low exposure to Adani companies
Adani Enterprises and Adani Port are constituents of the Nifty 50, so they are automatically in portfolios of some exchange-traded funds (ETFs) and index funds. But active funds have very little exposure to Adani stocks and are largely unscathed by their fall.
2023-02-01T15:27:54+05:30
Five prominent mutual fund managers decode Budget 2023
"The Union Budget has a dual focus on growth and fiscal consolidation. The fiscal calculation is based on a nominal GDP growth projection of 10.5% which is credible. At the same time, the fiscal deficit target at 5.9% is largely in line with our estimates while the borrowing amount is slightly below our expectations."
2023-02-01T14:42:21+05:30
Budget 2023: Debt mutual funds to gain from government’s lower fiscal deficit, borrowing numbers
To finance the fiscal deficit in 2023-24, the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore.
2023-02-01T14:29:51+05:30
Sebi to be empowered to enforce norms, standards for education at NISM: FM
Globally, Sebi-run NISM is one of the largest financial market certifying institutions, issuing over 20 programme certificates covering various critical market functions such as sales, advice, operations and compliance across financial market products such as equities, derivatives of equity, currency, interest rates and commodities, mutual funds and pensions.
2023-02-01T13:36:53+05:30
Budget 2023: Will the government's infra push help infrastructure mutual funds?
Currently, there are 17 mutual fund schemes that invest in the infrastructure sector. Toppers in this category have offered 13-19% returns in one year.
2023-02-01T13:19:21+05:30
How will Budget 2023 impact your mutual funds?
The finance minister did not grant anything from the long wishlist in the budget. Sure, all the spending on infrastructure and sops to MSME would help economic growth and boost the sentiment in the stock market.
2023-02-01T13:03:11+05:30
Redemption of equity mutual funds to be faster
Earlier when you placed a redemption request before the cut-off time on Monday, you would get money on Thursday in your bank account. With the new system, you will get the money a day earlier — on Wednesday.
2023-02-01T09:00:18+05:30
Mutual funds witnessed significantly lower inflows during April-November 2022: Economic Survey
As per AMFI data, growth/equity-oriented schemes and solution-oriented schemes witnessed inflows of Rs 1.53 lakh crore and Rs 1,554 crore respectively.
2023-01-31T16:10:58+05:30
Axis AMC looks to garner Rs 3,000 crore from business cycles fund
The open-ended equity scheme will follow business cycle-based investing theme, the fund house said on Tuesday.
2023-01-31T15:55:03+05:30
Axis Mutual Fund launches Axis Business Cycles Fund
According to the fund house, the domestic economy is in an interesting phase right now. The onset of the Covid 19 pandemic made matters more challenging amid the NBFC crisis pre-pandemic.
2023-01-31T11:18:28+05:30
Do your mutual funds have investments in battered Adani stocks?
ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.
2023-01-31T10:21:24+05:30
Why Target Maturity Funds are ideal for mutual fund investors at this juncture
Inflation in India went up in sync with the rest of the world and in a bid to tame inflation, the Reserve Bank of India (RBI) has raised the policy repo rate by 225 bps from 4% since May 2022 to 6.25% to 6.25% as of December 2022.
2023-01-31T09:43:02+05:30
Sandeep Tandon on Adani effect on market and Budget impact
“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.â€
2023-01-30T12:51:29+05:30
Do I need to make changes to my mutual fund portfolio?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-30T11:48:57+05:30
Will Budget 2023 reduce LTCG tax on gold funds and ETFs?
To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG on Gold ETFs and Gold Fund of Funds should be brought down in the Union Budget 2023.
2023-01-30T10:27:08+05:30
Franklin India Bluechip Fund: Fund review
While the fund made a strong comeback in 2021, it slipped again in 2022, lagging the index sharply. This leaves its long term return profile weak, needing a lot of catch-up with index and peers.
2023-01-30T08:45:57+05:30
Has your value mutual fund delivered outsized returns?
Funds with diluted value bias have failed to make most of the current uptick.
2023-01-30T06:30:00+05:30
Equity mutual fund to shift to T+2 settlement cycle from Feb 1
From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.
2023-01-27T19:59:33+05:30
Edelweiss Mutual Fund launches short duration index fund
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
2023-01-27T13:50:45+05:30
Will these mutual funds help me to retire at 45?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-27T11:49:45+05:30
ITI Mutual Fund launches ITI Flexi Cap Fund
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
2023-01-27T11:41:45+05:30
Why investors should add flexi cap funds to their portfolio
This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.
2023-01-27T10:35:47+05:30
DLSS in Budget 2023? Should you invest in DLSS or ELSS?
Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.
2023-01-27T10:05:49+05:30
Right mutual funds for a 51-year-old investor
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-25T14:24:07+05:30
28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years
The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
2023-01-25T11:58:15+05:30
Will Budget 2023 bring in tax parity between mutual funds and ULIPs?
Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.
2023-01-25T11:23:15+05:30
Should you invest in Equity Savings Funds?
Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.
2023-01-25T08:54:00+05:30
HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 crore
As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.
2023-01-24T16:11:21+05:30
Manish Gunwani appointed as Head-equities at IDFC Mutual Fund
Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
2023-01-24T15:38:13+05:30
3 ways to reduce financial anxiety in 2023
Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.
2023-01-24T14:44:13+05:30
Fiscal deficit an important variable to track in Budget 2023, say mutual fund managers
According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.
2023-01-24T14:19:37+05:30
Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year
Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.
2023-01-24T10:33:11+05:30
Budget 2023 should bring tax parity between mutual funds and NPS
To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.
2023-01-24T10:28:03+05:30
IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIO
The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.
2023-01-24T09:36:05+05:30
Gold ETF Inflow Slumps in 2022 on Rising Prices
"A rising price (of gold) puts some pressure on investors, with people holding back investments."
2023-01-23T10:41:29+05:30
Gold and silver funds offer double-digit returns. Should you invest?
There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.
2023-01-23T10:18:40+05:30
Fund review: PGIM India Midcap Opportunities Fund
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-01-23T06:30:00+05:30
The curious case of Quant AMC mutual funds: Can it sustain the results for the long term?
A radically different investing style has put the fund house in the spotlight.
2023-01-23T06:30:00+05:30
Insurers want NPS tax exemption for their pension schemes, too
"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.
2023-01-23T00:20:23+05:30
Good time to move some funds to high-yielding bonds, says DSP Mutual Fund's Ramakrishnan
Three Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.
2023-01-20T15:52:04+05:30
10 new mutual fund offers or NFOs currently open. Should you invest?
Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.
2023-01-20T11:38:22+05:30
Small cap index schemes with low tracking error, expense ratio
There are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.
2023-01-20T10:10:21+05:30
Fed to deliver two 25-basis-point hikes in Q1, followed by long pause
In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.
2023-01-20T07:52:25+05:30
Best mutual funds to build retirement corpus
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-19T12:07:20+05:30
Will debt mutual fund investors get better returns in 2023?
Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.
2023-01-19T10:31:44+05:30
Adani’s Abu Dhabi investor says FPO funds have been returned
The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year
2023-02-02T19:02:08+05:30
Adani Enterprises cancels FPO, to refund investors
"Given the unprecedented situation and the current market volatility the company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction," the company told exchanges after a board meeting Wednesday evening.
2023-02-02T06:54:02+05:30
Adani Enterprises calls off FPO, shares worth Rs 20,000 crore to be returned to investors
2023-02-01T22:57:10+05:30
Adani Enterprises calls off FPO, money to be returned to investors
Citing the unprecedented crash in stock prices, Adani Enterprises Chairman Gautam Adani said the board felt that going ahead with the issue will not be morally correct, given these extraordinary circumstances
2023-02-01T22:32:00+05:30
Adani Enterprises FPO fully subscribed on final day
The flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, having dropped for two days in a row. The benchmark Sensex ended almost flat Tuesday.
2023-02-01T06:28:47+05:30
Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support
2023-01-31T15:56:11+05:30
Digit Insurance to revamp $440 mln IPO again after regulator concerns
Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.
2023-01-31T13:20:50+05:30
Bajaj Solutions gets Sebi nod to float IPO
Balaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore.
2023-01-31T13:19:09+05:30
Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO
The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes.
2023-01-31T11:59:52+05:30
Abu Dhabi-based IHC commits $400 million to Adani Enterprises FPO
Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter.
2023-01-31T06:55:39+05:30
FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 crore
Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing
2023-01-30T17:52:18+05:30
Abu Dhabi’s IHC to invest $400 million in Adani Enterprises FPO
IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.
2023-01-30T17:00:43+05:30
Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO
2023-01-28T22:37:34+05:30
Adani Enterprises’ FPO gets a muted start
According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.
2023-01-28T09:07:29+05:30
What is an FPO & how does it benefit the company, shareholders?
2023-01-25T13:17:20+05:30
Adani FPO open from Friday: Dates, price band, review, other details in 10 points
The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.
2023-01-25T11:58:15+05:30
PayMate India told to re-file IPO papers with updated info
The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.
2023-01-25T06:28:10+05:30
Hotel development and investment firm SAMHI planning to file revised DRHP
The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.
2023-01-24T10:42:23+05:30
Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers
The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements
2023-01-23T19:36:31+05:30
Reliance Jio, Retail IPOs unlikely this year: JP Morgan
RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.
2023-01-23T13:27:38+05:30
Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 2028
2023-01-21T18:42:18+05:30
Asia’s richest man plans on IPOs for at least five companies
Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.
2023-01-21T17:07:15+05:30
Rashi Peripherals files DRHP to raise Rs 750 cr via IPO
According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.
2023-01-19T19:05:13+05:30
Adani FPO opens Jan 27 at Rs 3,112-3,276 per share
The company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.
2023-01-19T06:54:18+05:30
Tata Tech starts work on IPO to raise up to Rs 4,000 crore
Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.
2023-01-19T06:00:00+05:30
Oyo to refile updated DRHP with Sebi by mid-Feb
The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.
2023-01-18T10:48:48+05:30
Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO
As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.
2023-01-17T20:22:56+05:30
Sebi returns Lava International's draft IPO papers; asks to refile with updates
The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
2023-01-17T19:55:27+05:30
Two pharma companies get SEBI nod to raise funds via IPO
Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.
2023-01-17T17:18:33+05:30
Adani Enterprises to launch Rs 20,000 crore FPO
2023-01-17T10:06:01+05:30
Adani Enterprises files papers for Rs 20,000 crore FPO
The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.
2023-01-17T06:45:25+05:30
IPOs delayed as Dalal Street stays volatile, investors bearish
In the past six months, 27 companies with IPO plans worth ₹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of ₹15,000 crore are set to expire over the next two months.
2023-01-16T06:34:27+05:30
Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO
The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.
2023-01-13T06:22:54+05:30
Cyient unit files DRHP for Rs 740 crore IPO
Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.
2023-01-10T11:00:22+05:30
International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPO
Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.
2023-01-10T06:35:27+05:30
Why SME IPOs are emerging as top fund-raising platform for promoters
For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.
2023-01-08T11:59:34+05:30
JG Chemicals files preliminary papers with Sebi; to raise funds via IPO
Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.
2023-01-06T17:07:32+05:30
IPO tips from Zerodha CEO Nithin Kamath for B2C startups
He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."
2023-01-05T14:00:23+05:30
Radiant Cash lists at over 9% premium to IPO price
Shares of the cash logistics player closed at ₹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.
2023-01-05T06:24:44+05:30
Sah Polymers IPO subscription closes today: Check GMP & other details
The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.
2023-01-04T13:53:16+05:30
Sebi returns OYO's draft IPO papers; asks to refile with updates
The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore
2023-01-03T16:17:23+05:30
Sah Polymers IPO subscription to close tomorrow: Check GMP & other details
The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares
2023-01-03T13:56:50+05:30
IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crore
Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.
2023-01-03T13:53:28+05:30
40 IPOs gave an average listing day gain of 10% in 2022: Report
Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.
2023-01-03T13:49:18+05:30
A lot is riding on Mamaearth's Street debut for FMCG Inc
In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.
2023-01-03T06:17:35+05:30
Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO
Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.
2023-01-02T16:23:01+05:30
Sah Polymers IPO subscribed 2.37 times on Day 2
Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.
2023-01-02T15:56:52+05:30
Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information
Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.
2022-12-31T17:49:43+05:30
2022's last IPO: Sah Polymers issue open from today. Should you subscribe?
Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.
2022-12-30T11:30:50+05:30
KFin Tech closes a tad below issue price on listing day
The stock closed at ₹364 apiece on the BSE, down 0.55% from its IPO price of ₹366. The stock touched a high of ₹372.40 and a low of ₹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.
2022-12-30T06:10:43+05:30
US stocks open higher on Meta surge, Fed relief
The Nasdaq Composite gained 248.83 points, or 2.11%, to 12,065.15 at the opening bell
2023-02-02T20:17:39+05:30
Rupee expected to fare better in 2023: chief economic adviser
Meanwhile, India in its annual Economic Survey forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth projected for the current year ending March 31, as a global slowdown might hurt exports.
2023-02-02T20:03:34+05:30
Satyam scam: SAT sets aside Sebi's orders; asks it to pass fresh order within 4 months
In another ruling passed on November 2, 2018, the regulator had restrained Ramalinga Raju, Rama Raju, B Suryanarayana Raju and SRSR Holdings from the securities markets for 14 years. Also, they were asked to disgorge Rs 813 crore of unlawful gains with interest.
2023-02-02T19:59:48+05:30
Govt paves way for IFSC units to issue P-notes to foreign investors
Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts" in order to enhance business activities in the Gujarat International Finance Tec-City (GIFT City).
2023-02-02T19:56:51+05:30
Investors lit up ITC as smoke over tax hike settles; will Q3 earnings let the flame sustain?
The company is scheduled to announce its earnings for the December quarter on Friday. The sustenance of the current momentum in the stock will hinge upon the earnings scorecard and guidance on price hikes after the tax hike.Markets/Stocks/News
2023-02-02T19:53:46+05:30
FMCG sector slows down in Dec quarter, says NielsenIQ
Companies say green shoots of rural revival visible
2023-02-02T19:32:01+05:30
Adani’s Abu Dhabi investor says FPO funds have been returned
The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year
2023-02-02T19:02:08+05:30
4Adanigroup companies with high promoter pledge
Shares of ACC and Ambuja Cements were in focus today after Adani Group issued a statement saying none of the shares of Ambuja or ACC have been pledged by promoters. But as the rout in Adani stocks deepens. >> For more such web stories click on the ET icon below
2023-02-02T18:34:57+05:30
Gold rallies Rs 770 amid strong global trends
In the overseas market, both gold and silver were traded in green at USD 1,956 per ounce and USD 24.15 per ounce, respectively.Comex gold prices traded their highest levels in more than nine months in Asian trading hours on Thursday after investors access dovish policy from US Federal reserve, the analyst said
2023-02-02T18:27:36+05:30
Nifty charts hint at chances of pullback rally. What traders should do on Friday
Prices on the daily chart are continuously showing an effort to close above their 200-EMA placed at 17,550 levels. From the past five days, Nifty is hovering within the range of 17,900–17,400 levels. Any breakout or breakdown above or below the mentioned levels will trigger the next directional move in the benchmark index
2023-02-02T18:25:39+05:30
Euro zone yields fall after Powell comments, await ECB meeting
Some analysts said that the European Central Bank (ECB) would need to be hawkish at its meeting later in the day to avoid sparking a bond rally. That would mean president Christine Lagarde focusing more on work to be done than progress made
2023-02-02T18:11:50+05:30
BoE raises key interest rate by 50 bps to 4%, highest since October 2008
Seven of the UK central bank’s nine-member Monetary Policy Committee endorsed the hike to 4%, while two voted for no change. The majority said strong pay growth and an ongoing shortage of workers were feeding price pressures in the economy.
2023-02-02T17:49:17+05:30
SBI, ITC: Key earnings to track on Friday
Public sector lender State Bank of India (SBI) is among several domestic companies that will announce earnings on Friday. >> For more such web stories click on the ET icon below
2023-02-02T17:35:44+05:30
Ujjivan SFB reports Q3 net profit at at Rs 293 crore
The lender reported a negative provisions of Rs 22 crore which is reflection of provisions write-back on net basis in line with improvement in asset quality. Provisions were at Rs 200 crore in the year ago quarter.
2023-02-02T17:30:58+05:30
Stock market update: Sugar stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T17:28:22+05:30
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Adani Ent., Adani Ports SEZ, UPL, HDFC Life and Divis Labs were among the top losers on NSE in today's trade.
2023-02-02T17:23:10+05:30
Berger Paints Q3 Results: Net profit declines 21% YoY to Rs 201.17 cr; revenue rises 6%
The company's EBITDA for the quarter was Rs 349.65 crore as against Rs 392.11 crore in the corresponding quarter of last year, representing a decline of 10.83%
2023-02-02T17:22:06+05:30
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 19 stocks closed in the green, while 31 stocks ended in the red.
2023-02-02T17:17:57+05:30
SBI Q3 Results Preview: Five key things to watch out for
The state-owned lender's net profit is likely to zoom by a massive 60-70%, compared with the last-year period, while net interest income (NII) too, is expected to grow in healthy double digits.
2023-02-02T17:14:32+05:30
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 5.9 points down at 17610.4
2023-02-02T17:12:44+05:30
Stock market update: Nifty Auto index advances 0.05%
The Nifty Auto index closed 0.05 per cent up at 13213.25.
2023-02-02T17:07:32+05:30
Sebi mulls regulatory framework for REITs, InvITs to issue depository receipts
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are set up as Business Trusts and hold and operate revenue-generating real estate or infrastructure assets, respectively. REITs and InvITs raise funds by issuing units to the public at large.
2023-02-02T17:04:09+05:30
Stock market update: Nifty Bank index advances 0.39%
The Nifty Bank index closed 0.39 per cent up at 40669.3.
2023-02-02T17:02:15+05:30
Stock market update: Mining stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:57:00+05:30
Gainers and Losers: Titan, ITC among stocks that hogged limelight today
Equity markets witnessed mixed trends on Thursday, with the Sensex climbing over 224 points, while the Nifty ended flat in highly volatile trade, weighed down by continuous selling in Adani group stocks. >> For more such web stories click on the ET icon below​
2023-02-02T16:53:04+05:30
Dabur Q3 results: Net profit falls 5.5 per cent to Rs 476.55 crore
2023-02-02T16:52:15+05:30
Stock market update: Nifty Realty index advances 0.38%
The Nifty Realty index closed 0.38 per cent up at 409.25.
2023-02-02T16:51:48+05:30
Tata Consumer Q3 Results: Profit rises 32% YoY to Rs 351 crore, beats estimates
Revenue from operations came in at Rs 3,475 crore, up 8%, compared with Rs 3,208 crore in the same quarter last year.
2023-02-02T16:48:28+05:30
Stock market update: FMCG stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:41:33+05:30
Airtel Africa Q3 Results: Profit rises 7.5% to $193 million
Providing affordable, innovative and essential services to customers in our 14 markets with unparalleled network quality and customer service is integral to our ambition of transforming lives across Africa. These strong results are testament to this strategy despite the current macro-economic and geopolitical uncertainties," Aitel Africa Chief Executive Officer Segun Ogunsanya said in a statement
2023-02-02T16:38:35+05:30
SBI Q3 Results Preview: Here's what to expect from India's largest bank
2023-02-02T16:36:37+05:30
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:36:19+05:30
Will Maruti Suzuki need more price hikes to normalise margins? Shashank Srivastava answers
“Maruti Suzuki's numbers for passenger vehicles are 1,47,000 against 1,29,000 last year. That is a growth of about 14.5% and we did add through our inventory because our retails were 1,02,000. That was expected because of the low inventories which we began the month with. . That was expected because of the low inventories which we began the month with.â€
2023-02-02T16:33:20+05:30
Stock market update: Nifty IT index advances 1.83%
The Nifty IT index closed 1.83 per cent up at 30566.75.
2023-02-02T16:26:02+05:30
Jan Auto Sales: PVs in fast lane, 2Ws continue to languish
January auto wholesale performance was a mixed bag. Entry-level two-wheelers continue to remain sluggish while PV and CV sales saw a rise.>> For more such web stories click on the ET icon below
2023-02-02T16:18:13+05:30
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Sterling Tools, Mold Tek Tech, Jindal Saw, KPIT Tech and Rajesh Exports, hit their fresh 52-week highs during the day.
2023-02-02T16:15:48+05:30
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:10:34+05:30
Jubilant FoodWorks stock plunges 7% to hit 52-week low. What should investors do?
The company's EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs 290 crore, while margins declined 457 basis points to 22%. The performance during the quarter was mainly impacted due to high inflation.
2023-02-02T16:10:01+05:30
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 5.9 points down at 17610.4
2023-02-02T16:05:23+05:30
Rupee weakens past 82/USD hit by equity market turbulence
The mood on Thursday was dominated by turbulence in the equities as the selloff Adani Group shares persisted, dragging the benchmark stock index down after the conglomerate shelved its fully-subscribed secondary share offering overnight.
2023-02-02T16:05:10+05:30
Sensex climbs 224 points, Nifty holds 16,600; Adani Enterprises plunges 27%
2023-02-02T16:03:21+05:30
Max Healthcare net profit rises 7% to Rs 269 crore in Q3FY23
Gross revenue rose 13% to Rs 1,559 crore during Q3FY23 compared to Rs 1,385 crore previous year. On a quarter-on-quarter (QoQ) basis the net profit and revenues remained flat.
2023-02-02T16:02:47+05:30
Stock market update: Nifty Pharma index falls 0.4%
The Nifty Pharma index closed 0.4 per cent down at 12306.3.
2023-02-02T16:00:11+05:30
Sensex extends gains to 4th day after volatile session; Nifty flat on Adani rout
From the Sensex pack, ITC, and IndusInd Bank were the top gainers, rising about 3.5-5%. HUL, Infosys, Wipro, HCL Tech, TCS, ICICI Bank, and Kotak Bank also closed with gains. However, HDFC, NTPC, Bajaj Finance, Power Grid, and Tata Steel ended with cuts.
2023-02-02T15:52:15+05:30
Dabur Q3 Results: Net profit falls 5% YoY to Rs 476 crore, revenue rises 3%
The revenue has crossed the Rs 3,000-crore mark for the time in a quarter, the company says
2023-02-02T15:41:43+05:30
Gold hits fresh all-time high on MCX. Here’s why
The US Federal Reserve on Wednesday scaled back to raise interest rates by an expected 25 basis points after a year of larger hikes. >> For more such web stories click on the ET icon below
2023-02-02T15:33:29+05:30
Dovish Fed cues propel gold to 9-month peak
Investor attention is now on European Central Bank (ECB) and Bank of England (BOE) interest rate decisions later in the day, with expectations of a 50-basis-point rate hike from each.
2023-02-02T15:33:05+05:30
UPL CEO lauds Indian Budget, clears air on debt
“Our operating leverage, post the pay down and debt will be in the range of about 1.4 net debt to EBITDA. So, a very healthy balance sheet, strong cash generation and we are set up well, in spite of the fact that interest rates have climbed but as we think about going forward and paying down debt, that will put us in a good position.â€
2023-02-02T15:25:49+05:30
Berkshire Hathaway sells $44.9 mln of shares in China's BYD
The sale lowered Berkshire's holdings in BYD's issued H-shares to 12.9% on Jan. 27, down from 13.04%, the filing to the Hong Kong Stock Exchange showed on Thursday
2023-02-02T15:24:30+05:30
Adani's adversity raises the stakes for India and investors
Since the Jan. 24 Hindenburg report which alleged improper use by the Adani Group of offshore tax havens and stock manipulation and also raised concerns about high debt, the market capitalisation of seven listed Adani Group companies has fallen by half or nearly $100 billion. Its dollar bonds have tumbled
2023-02-02T15:16:59+05:30
Budget 2023: Tax tweak in life insurance to dent topline 10-12%, says HDFC Life chief
The Budget 2023 announcement to make changes to tax exemption policy on life insurance will likely have a 10-12 percent impact on the top-line products of HDFC Life and a five percent impact on the bottom-line products if nothing is done to mitigate the change, said Vibha Padalkar, MD and CEO, HDFC Life Insurance.
Wed, 01 Feb 2023 17:41:54 +0530
Insurtech#39;s leading disruption with sachet-sized products: Avendus
The report said that the recent IRDAI proposal that allows investors to take 25% stake without assuming promoter responsibilities has also helped in deepening interest.
Thu, 26 Jan 2023 10:10:49 +0530
Budget 2023: Insurers seek separate tax deduction basket for life policies, higher limit for health premium
Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income from tax
Thu, 26 Jan 2023 07:16:59 +0530
ICICI Lombard posts strong earnings in 9M FY23, health segment gets top billing
Change in product mix to drive future profitability; valuations rich but sustainable
Wed, 18 Jan 2023 09:59:13 +0530
ICICI Lombard posts strong earnings in 9M FY23, health segment stands out
Change in product mix to drive future profitability of ICICI Lombard; valuations rich but sustainable
Wed, 18 Jan 2023 09:59:13 +0530
Budget 2023 can help you in dealing with rising healthcare costs
FM Nirmala Sitharaman could go for an increase in the section 80D limit to make health covers more attractive for taxpayers at a time when medical expenses are rising.
Tue, 17 Jan 2023 14:07:35 +0530
Budget 2023 can help you in dealing with rising healthcare costs
In the upcoming Budget 2023, FM Nirmala Sitharaman could go for an increase in the section 80D limit to make health covers more attractive for taxpayers at a time when medical expenses are rising.
Tue, 17 Jan 2023 14:07:35 +0530
Review 2022: LIC going public, out-patient cover... 7 reforms that changed Indian insurance
The Insurance Regulatory and Development Authority of India (IRDAI) went on overdrive this year to facilitate ease of doing business, LIC went public, life insurance companies sold guaranteed return products on the back of higher interest rates while health insurers rolled out wellness and OPD benefits.
Thu, 29 Dec 2022 12:35:05 +0530
LIC going public, out-patient cover... 7 reforms that changed Indian insurance in 2022
The Insurance Regulatory and Development Authority of India (IRDAI) went on overdrive this year to facilitate ease of doing business, LIC went public, life insurance companies sold guaranteed return products on the back of higher interest rates while health insurers rolled out wellness and OPD benefits.
Thu, 29 Dec 2022 12:35:05 +0530
Insurance regulator reaches out to life and general insurers on COVID-19 preparedness
IRDAI has further asked life insurers to assess their capital situation.
Mon, 26 Dec 2022 17:12:01 +0530
Insurance regulator reaches out to life and general insurers on COVID-19 preparedness
IRDAI has further asked life insurers to assess their capital situation.
Mon, 26 Dec 2022 17:12:01 +0530
Deepak Fertilisers Q3 profit rises 40% to Rs 252 crore
The company#39;s PAT (profit after tax) stood at Rs 180.61 crore during the corresponding quarter of the previous financial year, DFCL said in a regulatory filing.
Thu, 02 Feb 2023 20:12:09 +0530
Ashok Leyland shares climb 3% after strong Q3 earnings
On the NSE, it advanced 3 per cent to settle at Rs 152.20 per share. During the day, it climbed 4.94 per cent to Rs 155.
Thu, 02 Feb 2023 19:02:13 +0530
Hindustan Construction Company Q3 net profit falls 9% to Rs 25.19 crore
Its total income during October-December 2022 marginally rose to Rs 1,167.13 crore, compared with Rs 1,169.63 crore in the corresponding period last fiscal.
Thu, 02 Feb 2023 18:52:29 +0530
Usage of PAN as single business ID for all digital systems to promote ease of doing business: DPIIT Secretary
The announcement regarding PAN was made by Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday.
Thu, 02 Feb 2023 18:36:58 +0530
Buy Jubilant Ingrevia; target of Rs 900: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Jubilant Ingrevia has recommended buy rating on the stock with a target price of Rs 900 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:26:02 +0530
Buy Jubilant Ingrevia; target of Rs 900: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Jubilant Ingrevia has recommended buy rating on the stock with a target price of Rs 900 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:26:02 +0530
Buy Sun Pharmaceutical Industries; target of Rs 1175: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Sun Pharmaceutical Industries has recommended buy rating on the stock with a target price of Rs 1175 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:25:48 +0530
Buy Indian Oil Corporation; target of Rs 125: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Indian Oil Corporation has recommended buy rating on the stock with a target price of Rs 125 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:25:30 +0530
Buy Westlife Foodworld; target of Rs 852: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Westlife Foodworld has recommended buy rating on the stock with a target price of Rs 852 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:25:17 +0530
Buy Apar Industries; target of Rs 2260: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Apar Industries has recommended buy rating on the stock with a target price of Rs 2260 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:25:02 +0530
Buy UPL; target of Rs 1070: Prabhudas Lilladher
Prabhudas Lilladher is bullish on UPL has recommended buy rating on the stock with a target price of Rs 1070 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:24:52 +0530
Buy Larsen and Toubro; target of Rs 2442: LKP Research
LKP Research is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 2442 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:24:42 +0530
Buy Indian Oil Corp; target of Rs 120: YES Securities
YES Securities is bullish on Indian Oil Corp has recommended buy rating on the stock with a target price of Rs 120 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:24:30 +0530
Buy SRF; target of Rs 3195: YES Securities
YES Securities is bullish on SRF has recommended buy rating on the stock with a target price of Rs 3195 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:24:15 +0530
Buy TTK Prestige ; target of Rs 987: YES Securities
YES Securities is bullish on TTK Prestige has recommended buy rating on the stock with a target price of Rs 987 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:24:01 +0530
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Latest News
Budget 2023: Will taxation on high value insurance be positive for debt mutual funds?
​Mutual fund managers believe that the high net worth individuals can use debt mutual funds instead of these insurance products.
2023-02-02T14:09:54+05:30
How your mutual funds performed after Budget 2023?
Most equity mutual fund categories lost 0.01-2.68% on the budget day. Only the technology fund category gained 0.67%.
2023-02-02T13:56:33+05:30
Nippon India Mutual Fund launches Nifty SDL Plus G-Sec – Jun 2029 Maturity 70:30 Index Fund
The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. Index shall mature on June 29, 2029 and hence has a defined maturity date.
2023-02-02T12:19:57+05:30
New income tax regime: Will ELSS mutual funds lose their charm?
Under the old income tax regime, taxpayers can invest up to Rs 1.5 lakh in ELSS funds in a financial year and claim tax deductions on the contribution under Section 80C.
2023-02-02T11:32:13+05:30
Budget 2023: Market to remain volatile till relative valuation of India is more comfortable: S Naren
“FII exodus has come out of the relative valuation of India versus the world and this Budget was not something that could have completely changed sentiment because the government has to do fiscal consolidation. They have to stimulate growth and they have done both. This is the reason why the immediate reaction has been positive but the Budget cannot change market valuations.â€
2023-02-01T16:13:00+05:30
Mutual funds have low exposure to Adani companies
Adani Enterprises and Adani Port are constituents of the Nifty 50, so they are automatically in portfolios of some exchange-traded funds (ETFs) and index funds. But active funds have very little exposure to Adani stocks and are largely unscathed by their fall.
2023-02-01T15:27:54+05:30
Five prominent mutual fund managers decode Budget 2023
"The Union Budget has a dual focus on growth and fiscal consolidation. The fiscal calculation is based on a nominal GDP growth projection of 10.5% which is credible. At the same time, the fiscal deficit target at 5.9% is largely in line with our estimates while the borrowing amount is slightly below our expectations."
2023-02-01T14:42:21+05:30
Budget 2023: Debt mutual funds to gain from government’s lower fiscal deficit, borrowing numbers
To finance the fiscal deficit in 2023-24, the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore.
2023-02-01T14:29:51+05:30
Sebi to be empowered to enforce norms, standards for education at NISM: FM
Globally, Sebi-run NISM is one of the largest financial market certifying institutions, issuing over 20 programme certificates covering various critical market functions such as sales, advice, operations and compliance across financial market products such as equities, derivatives of equity, currency, interest rates and commodities, mutual funds and pensions.
2023-02-01T13:36:53+05:30
Budget 2023: Will the government's infra push help infrastructure mutual funds?
Currently, there are 17 mutual fund schemes that invest in the infrastructure sector. Toppers in this category have offered 13-19% returns in one year.
2023-02-01T13:19:21+05:30
How will Budget 2023 impact your mutual funds?
The finance minister did not grant anything from the long wishlist in the budget. Sure, all the spending on infrastructure and sops to MSME would help economic growth and boost the sentiment in the stock market.
2023-02-01T13:03:11+05:30
Redemption of equity mutual funds to be faster
Earlier when you placed a redemption request before the cut-off time on Monday, you would get money on Thursday in your bank account. With the new system, you will get the money a day earlier — on Wednesday.
2023-02-01T09:00:18+05:30
Mutual funds witnessed significantly lower inflows during April-November 2022: Economic Survey
As per AMFI data, growth/equity-oriented schemes and solution-oriented schemes witnessed inflows of Rs 1.53 lakh crore and Rs 1,554 crore respectively.
2023-01-31T16:10:58+05:30
Axis AMC looks to garner Rs 3,000 crore from business cycles fund
The open-ended equity scheme will follow business cycle-based investing theme, the fund house said on Tuesday.
2023-01-31T15:55:03+05:30
Axis Mutual Fund launches Axis Business Cycles Fund
According to the fund house, the domestic economy is in an interesting phase right now. The onset of the Covid 19 pandemic made matters more challenging amid the NBFC crisis pre-pandemic.
2023-01-31T11:18:28+05:30
Do your mutual funds have investments in battered Adani stocks?
ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.
2023-01-31T10:21:24+05:30
Why Target Maturity Funds are ideal for mutual fund investors at this juncture
Inflation in India went up in sync with the rest of the world and in a bid to tame inflation, the Reserve Bank of India (RBI) has raised the policy repo rate by 225 bps from 4% since May 2022 to 6.25% to 6.25% as of December 2022.
2023-01-31T09:43:02+05:30
Sandeep Tandon on Adani effect on market and Budget impact
“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.â€
2023-01-30T12:51:29+05:30
Do I need to make changes to my mutual fund portfolio?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-30T11:48:57+05:30
Will Budget 2023 reduce LTCG tax on gold funds and ETFs?
To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG on Gold ETFs and Gold Fund of Funds should be brought down in the Union Budget 2023.
2023-01-30T10:27:08+05:30
Franklin India Bluechip Fund: Fund review
While the fund made a strong comeback in 2021, it slipped again in 2022, lagging the index sharply. This leaves its long term return profile weak, needing a lot of catch-up with index and peers.
2023-01-30T08:45:57+05:30
Has your value mutual fund delivered outsized returns?
Funds with diluted value bias have failed to make most of the current uptick.
2023-01-30T06:30:00+05:30
Equity mutual fund to shift to T+2 settlement cycle from Feb 1
From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.
2023-01-27T19:59:33+05:30
Edelweiss Mutual Fund launches short duration index fund
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
2023-01-27T13:50:45+05:30
Will these mutual funds help me to retire at 45?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-27T11:49:45+05:30
ITI Mutual Fund launches ITI Flexi Cap Fund
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
2023-01-27T11:41:45+05:30
Why investors should add flexi cap funds to their portfolio
This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.
2023-01-27T10:35:47+05:30
DLSS in Budget 2023? Should you invest in DLSS or ELSS?
Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.
2023-01-27T10:05:49+05:30
Right mutual funds for a 51-year-old investor
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-25T14:24:07+05:30
28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years
The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
2023-01-25T11:58:15+05:30
Will Budget 2023 bring in tax parity between mutual funds and ULIPs?
Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.
2023-01-25T11:23:15+05:30
Should you invest in Equity Savings Funds?
Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.
2023-01-25T08:54:00+05:30
HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 crore
As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.
2023-01-24T16:11:21+05:30
Manish Gunwani appointed as Head-equities at IDFC Mutual Fund
Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
2023-01-24T15:38:13+05:30
3 ways to reduce financial anxiety in 2023
Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.
2023-01-24T14:44:13+05:30
Fiscal deficit an important variable to track in Budget 2023, say mutual fund managers
According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.
2023-01-24T14:19:37+05:30
Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year
Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.
2023-01-24T10:33:11+05:30
Budget 2023 should bring tax parity between mutual funds and NPS
To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.
2023-01-24T10:28:03+05:30
IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIO
The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.
2023-01-24T09:36:05+05:30
Gold ETF Inflow Slumps in 2022 on Rising Prices
"A rising price (of gold) puts some pressure on investors, with people holding back investments."
2023-01-23T10:41:29+05:30
Gold and silver funds offer double-digit returns. Should you invest?
There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.
2023-01-23T10:18:40+05:30
Fund review: PGIM India Midcap Opportunities Fund
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-01-23T06:30:00+05:30
The curious case of Quant AMC mutual funds: Can it sustain the results for the long term?
A radically different investing style has put the fund house in the spotlight.
2023-01-23T06:30:00+05:30
Insurers want NPS tax exemption for their pension schemes, too
"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.
2023-01-23T00:20:23+05:30
Good time to move some funds to high-yielding bonds, says DSP Mutual Fund's Ramakrishnan
Three Indian issuers that are rated A- and below are scheduled to raise funds next week via shorter tenor bonds, indicating an improved investor appetite for such notes. The rates for these papers are in the range of 10.50-14.00%.
2023-01-20T15:52:04+05:30
10 new mutual fund offers or NFOs currently open. Should you invest?
Currently, 10 new mutual fund offers are open for investment. They are from balanced advantage fund, multicap fund, multi asset allocation fund, gilt fund, fixed maturity plan, and ETF categories.
2023-01-20T11:38:22+05:30
Small cap index schemes with low tracking error, expense ratio
There are seven index schemes in the small cap mutual fund category. These schemes are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. Three small cap index funds were launched in 2022.
2023-01-20T10:10:21+05:30
Fed to deliver two 25-basis-point hikes in Q1, followed by long pause
In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.
2023-01-20T07:52:25+05:30
Best mutual funds to build retirement corpus
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-19T12:07:20+05:30
Will debt mutual fund investors get better returns in 2023?
Debt Mutual funds too went through a torrid phase over the last few years lurching from one crisis to another, starting with credit defaults by ILFS and others, to the massive liquidity crisis for investors in Templeton debt funds.
2023-01-19T10:31:44+05:30
Adani’s Abu Dhabi investor says FPO funds have been returned
The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year
2023-02-02T19:02:08+05:30
Adani Enterprises cancels FPO, to refund investors
"Given the unprecedented situation and the current market volatility the company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction," the company told exchanges after a board meeting Wednesday evening.
2023-02-02T06:54:02+05:30
Adani Enterprises calls off FPO, shares worth Rs 20,000 crore to be returned to investors
2023-02-01T22:57:10+05:30
Adani Enterprises calls off FPO, money to be returned to investors
Citing the unprecedented crash in stock prices, Adani Enterprises Chairman Gautam Adani said the board felt that going ahead with the issue will not be morally correct, given these extraordinary circumstances
2023-02-01T22:32:00+05:30
Adani Enterprises FPO fully subscribed on final day
The flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, having dropped for two days in a row. The benchmark Sensex ended almost flat Tuesday.
2023-02-01T06:28:47+05:30
Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support
2023-01-31T15:56:11+05:30
Digit Insurance to revamp $440 mln IPO again after regulator concerns
Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.
2023-01-31T13:20:50+05:30
Bajaj Solutions gets Sebi nod to float IPO
Balaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore.
2023-01-31T13:19:09+05:30
Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO
The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes.
2023-01-31T11:59:52+05:30
Abu Dhabi-based IHC commits $400 million to Adani Enterprises FPO
Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter.
2023-01-31T06:55:39+05:30
FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 crore
Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing
2023-01-30T17:52:18+05:30
Abu Dhabi’s IHC to invest $400 million in Adani Enterprises FPO
IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.
2023-01-30T17:00:43+05:30
Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO
2023-01-28T22:37:34+05:30
Adani Enterprises’ FPO gets a muted start
According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.
2023-01-28T09:07:29+05:30
What is an FPO & how does it benefit the company, shareholders?
2023-01-25T13:17:20+05:30
Adani FPO open from Friday: Dates, price band, review, other details in 10 points
The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.
2023-01-25T11:58:15+05:30
PayMate India told to re-file IPO papers with updated info
The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.
2023-01-25T06:28:10+05:30
Hotel development and investment firm SAMHI planning to file revised DRHP
The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.
2023-01-24T10:42:23+05:30
Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers
The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements
2023-01-23T19:36:31+05:30
Reliance Jio, Retail IPOs unlikely this year: JP Morgan
RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.
2023-01-23T13:27:38+05:30
Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 2028
2023-01-21T18:42:18+05:30
Asia’s richest man plans on IPOs for at least five companies
Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.
2023-01-21T17:07:15+05:30
Rashi Peripherals files DRHP to raise Rs 750 cr via IPO
According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.
2023-01-19T19:05:13+05:30
Adani FPO opens Jan 27 at Rs 3,112-3,276 per share
The company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.
2023-01-19T06:54:18+05:30
Tata Tech starts work on IPO to raise up to Rs 4,000 crore
Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.
2023-01-19T06:00:00+05:30
Oyo to refile updated DRHP with Sebi by mid-Feb
The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.
2023-01-18T10:48:48+05:30
Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO
As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.
2023-01-17T20:22:56+05:30
Sebi returns Lava International's draft IPO papers; asks to refile with updates
The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
2023-01-17T19:55:27+05:30
Two pharma companies get SEBI nod to raise funds via IPO
Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.
2023-01-17T17:18:33+05:30
Adani Enterprises to launch Rs 20,000 crore FPO
2023-01-17T10:06:01+05:30
Adani Enterprises files papers for Rs 20,000 crore FPO
The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.
2023-01-17T06:45:25+05:30
IPOs delayed as Dalal Street stays volatile, investors bearish
In the past six months, 27 companies with IPO plans worth ₹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of ₹15,000 crore are set to expire over the next two months.
2023-01-16T06:34:27+05:30
Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO
The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.
2023-01-13T06:22:54+05:30
Cyient unit files DRHP for Rs 740 crore IPO
Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.
2023-01-10T11:00:22+05:30
International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPO
Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.
2023-01-10T06:35:27+05:30
Why SME IPOs are emerging as top fund-raising platform for promoters
For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.
2023-01-08T11:59:34+05:30
JG Chemicals files preliminary papers with Sebi; to raise funds via IPO
Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.
2023-01-06T17:07:32+05:30
IPO tips from Zerodha CEO Nithin Kamath for B2C startups
He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."
2023-01-05T14:00:23+05:30
Radiant Cash lists at over 9% premium to IPO price
Shares of the cash logistics player closed at ₹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.
2023-01-05T06:24:44+05:30
Sah Polymers IPO subscription closes today: Check GMP & other details
The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.
2023-01-04T13:53:16+05:30
Sebi returns OYO's draft IPO papers; asks to refile with updates
The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore
2023-01-03T16:17:23+05:30
Sah Polymers IPO subscription to close tomorrow: Check GMP & other details
The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares
2023-01-03T13:56:50+05:30
IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crore
Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.
2023-01-03T13:53:28+05:30
40 IPOs gave an average listing day gain of 10% in 2022: Report
Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.
2023-01-03T13:49:18+05:30
A lot is riding on Mamaearth's Street debut for FMCG Inc
In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.
2023-01-03T06:17:35+05:30
Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO
Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.
2023-01-02T16:23:01+05:30
Sah Polymers IPO subscribed 2.37 times on Day 2
Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.
2023-01-02T15:56:52+05:30
Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information
Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.
2022-12-31T17:49:43+05:30
2022's last IPO: Sah Polymers issue open from today. Should you subscribe?
Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.
2022-12-30T11:30:50+05:30
KFin Tech closes a tad below issue price on listing day
The stock closed at ₹364 apiece on the BSE, down 0.55% from its IPO price of ₹366. The stock touched a high of ₹372.40 and a low of ₹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.
2022-12-30T06:10:43+05:30
US stocks open higher on Meta surge, Fed relief
The Nasdaq Composite gained 248.83 points, or 2.11%, to 12,065.15 at the opening bell
2023-02-02T20:17:39+05:30
Rupee expected to fare better in 2023: chief economic adviser
Meanwhile, India in its annual Economic Survey forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth projected for the current year ending March 31, as a global slowdown might hurt exports.
2023-02-02T20:03:34+05:30
Satyam scam: SAT sets aside Sebi's orders; asks it to pass fresh order within 4 months
In another ruling passed on November 2, 2018, the regulator had restrained Ramalinga Raju, Rama Raju, B Suryanarayana Raju and SRSR Holdings from the securities markets for 14 years. Also, they were asked to disgorge Rs 813 crore of unlawful gains with interest.
2023-02-02T19:59:48+05:30
Govt paves way for IFSC units to issue P-notes to foreign investors
Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts" in order to enhance business activities in the Gujarat International Finance Tec-City (GIFT City).
2023-02-02T19:56:51+05:30
Investors lit up ITC as smoke over tax hike settles; will Q3 earnings let the flame sustain?
The company is scheduled to announce its earnings for the December quarter on Friday. The sustenance of the current momentum in the stock will hinge upon the earnings scorecard and guidance on price hikes after the tax hike.Markets/Stocks/News
2023-02-02T19:53:46+05:30
FMCG sector slows down in Dec quarter, says NielsenIQ
Companies say green shoots of rural revival visible
2023-02-02T19:32:01+05:30
Adani’s Abu Dhabi investor says FPO funds have been returned
The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year
2023-02-02T19:02:08+05:30
4Adanigroup companies with high promoter pledge
Shares of ACC and Ambuja Cements were in focus today after Adani Group issued a statement saying none of the shares of Ambuja or ACC have been pledged by promoters. But as the rout in Adani stocks deepens. >> For more such web stories click on the ET icon below
2023-02-02T18:34:57+05:30
Gold rallies Rs 770 amid strong global trends
In the overseas market, both gold and silver were traded in green at USD 1,956 per ounce and USD 24.15 per ounce, respectively.Comex gold prices traded their highest levels in more than nine months in Asian trading hours on Thursday after investors access dovish policy from US Federal reserve, the analyst said
2023-02-02T18:27:36+05:30
Nifty charts hint at chances of pullback rally. What traders should do on Friday
Prices on the daily chart are continuously showing an effort to close above their 200-EMA placed at 17,550 levels. From the past five days, Nifty is hovering within the range of 17,900–17,400 levels. Any breakout or breakdown above or below the mentioned levels will trigger the next directional move in the benchmark index
2023-02-02T18:25:39+05:30
Euro zone yields fall after Powell comments, await ECB meeting
Some analysts said that the European Central Bank (ECB) would need to be hawkish at its meeting later in the day to avoid sparking a bond rally. That would mean president Christine Lagarde focusing more on work to be done than progress made
2023-02-02T18:11:50+05:30
BoE raises key interest rate by 50 bps to 4%, highest since October 2008
Seven of the UK central bank’s nine-member Monetary Policy Committee endorsed the hike to 4%, while two voted for no change. The majority said strong pay growth and an ongoing shortage of workers were feeding price pressures in the economy.
2023-02-02T17:49:17+05:30
SBI, ITC: Key earnings to track on Friday
Public sector lender State Bank of India (SBI) is among several domestic companies that will announce earnings on Friday. >> For more such web stories click on the ET icon below
2023-02-02T17:35:44+05:30
Ujjivan SFB reports Q3 net profit at at Rs 293 crore
The lender reported a negative provisions of Rs 22 crore which is reflection of provisions write-back on net basis in line with improvement in asset quality. Provisions were at Rs 200 crore in the year ago quarter.
2023-02-02T17:30:58+05:30
Stock market update: Sugar stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T17:28:22+05:30
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Adani Ent., Adani Ports SEZ, UPL, HDFC Life and Divis Labs were among the top losers on NSE in today's trade.
2023-02-02T17:23:10+05:30
Berger Paints Q3 Results: Net profit declines 21% YoY to Rs 201.17 cr; revenue rises 6%
The company's EBITDA for the quarter was Rs 349.65 crore as against Rs 392.11 crore in the corresponding quarter of last year, representing a decline of 10.83%
2023-02-02T17:22:06+05:30
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 19 stocks closed in the green, while 31 stocks ended in the red.
2023-02-02T17:17:57+05:30
SBI Q3 Results Preview: Five key things to watch out for
The state-owned lender's net profit is likely to zoom by a massive 60-70%, compared with the last-year period, while net interest income (NII) too, is expected to grow in healthy double digits.
2023-02-02T17:14:32+05:30
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 5.9 points down at 17610.4
2023-02-02T17:12:44+05:30
Stock market update: Nifty Auto index advances 0.05%
The Nifty Auto index closed 0.05 per cent up at 13213.25.
2023-02-02T17:07:32+05:30
Sebi mulls regulatory framework for REITs, InvITs to issue depository receipts
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are set up as Business Trusts and hold and operate revenue-generating real estate or infrastructure assets, respectively. REITs and InvITs raise funds by issuing units to the public at large.
2023-02-02T17:04:09+05:30
Stock market update: Nifty Bank index advances 0.39%
The Nifty Bank index closed 0.39 per cent up at 40669.3.
2023-02-02T17:02:15+05:30
Stock market update: Mining stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:57:00+05:30
Gainers and Losers: Titan, ITC among stocks that hogged limelight today
Equity markets witnessed mixed trends on Thursday, with the Sensex climbing over 224 points, while the Nifty ended flat in highly volatile trade, weighed down by continuous selling in Adani group stocks. >> For more such web stories click on the ET icon below​
2023-02-02T16:53:04+05:30
Dabur Q3 results: Net profit falls 5.5 per cent to Rs 476.55 crore
2023-02-02T16:52:15+05:30
Stock market update: Nifty Realty index advances 0.38%
The Nifty Realty index closed 0.38 per cent up at 409.25.
2023-02-02T16:51:48+05:30
Tata Consumer Q3 Results: Profit rises 32% YoY to Rs 351 crore, beats estimates
Revenue from operations came in at Rs 3,475 crore, up 8%, compared with Rs 3,208 crore in the same quarter last year.
2023-02-02T16:48:28+05:30
Stock market update: FMCG stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:41:33+05:30
Airtel Africa Q3 Results: Profit rises 7.5% to $193 million
Providing affordable, innovative and essential services to customers in our 14 markets with unparalleled network quality and customer service is integral to our ambition of transforming lives across Africa. These strong results are testament to this strategy despite the current macro-economic and geopolitical uncertainties," Aitel Africa Chief Executive Officer Segun Ogunsanya said in a statement
2023-02-02T16:38:35+05:30
SBI Q3 Results Preview: Here's what to expect from India's largest bank
2023-02-02T16:36:37+05:30
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:36:19+05:30
Will Maruti Suzuki need more price hikes to normalise margins? Shashank Srivastava answers
“Maruti Suzuki's numbers for passenger vehicles are 1,47,000 against 1,29,000 last year. That is a growth of about 14.5% and we did add through our inventory because our retails were 1,02,000. That was expected because of the low inventories which we began the month with. . That was expected because of the low inventories which we began the month with.â€
2023-02-02T16:33:20+05:30
Stock market update: Nifty IT index advances 1.83%
The Nifty IT index closed 1.83 per cent up at 30566.75.
2023-02-02T16:26:02+05:30
Jan Auto Sales: PVs in fast lane, 2Ws continue to languish
January auto wholesale performance was a mixed bag. Entry-level two-wheelers continue to remain sluggish while PV and CV sales saw a rise.>> For more such web stories click on the ET icon below
2023-02-02T16:18:13+05:30
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Sterling Tools, Mold Tek Tech, Jindal Saw, KPIT Tech and Rajesh Exports, hit their fresh 52-week highs during the day.
2023-02-02T16:15:48+05:30
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 224.16 points at 59932.24
2023-02-02T16:10:34+05:30
Jubilant FoodWorks stock plunges 7% to hit 52-week low. What should investors do?
The company's EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs 290 crore, while margins declined 457 basis points to 22%. The performance during the quarter was mainly impacted due to high inflation.
2023-02-02T16:10:01+05:30
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 5.9 points down at 17610.4
2023-02-02T16:05:23+05:30
Rupee weakens past 82/USD hit by equity market turbulence
The mood on Thursday was dominated by turbulence in the equities as the selloff Adani Group shares persisted, dragging the benchmark stock index down after the conglomerate shelved its fully-subscribed secondary share offering overnight.
2023-02-02T16:05:10+05:30
Sensex climbs 224 points, Nifty holds 16,600; Adani Enterprises plunges 27%
2023-02-02T16:03:21+05:30
Max Healthcare net profit rises 7% to Rs 269 crore in Q3FY23
Gross revenue rose 13% to Rs 1,559 crore during Q3FY23 compared to Rs 1,385 crore previous year. On a quarter-on-quarter (QoQ) basis the net profit and revenues remained flat.
2023-02-02T16:02:47+05:30
Stock market update: Nifty Pharma index falls 0.4%
The Nifty Pharma index closed 0.4 per cent down at 12306.3.
2023-02-02T16:00:11+05:30
Sensex extends gains to 4th day after volatile session; Nifty flat on Adani rout
From the Sensex pack, ITC, and IndusInd Bank were the top gainers, rising about 3.5-5%. HUL, Infosys, Wipro, HCL Tech, TCS, ICICI Bank, and Kotak Bank also closed with gains. However, HDFC, NTPC, Bajaj Finance, Power Grid, and Tata Steel ended with cuts.
2023-02-02T15:52:15+05:30
Dabur Q3 Results: Net profit falls 5% YoY to Rs 476 crore, revenue rises 3%
The revenue has crossed the Rs 3,000-crore mark for the time in a quarter, the company says
2023-02-02T15:41:43+05:30
Gold hits fresh all-time high on MCX. Here’s why
The US Federal Reserve on Wednesday scaled back to raise interest rates by an expected 25 basis points after a year of larger hikes. >> For more such web stories click on the ET icon below
2023-02-02T15:33:29+05:30
Dovish Fed cues propel gold to 9-month peak
Investor attention is now on European Central Bank (ECB) and Bank of England (BOE) interest rate decisions later in the day, with expectations of a 50-basis-point rate hike from each.
2023-02-02T15:33:05+05:30
UPL CEO lauds Indian Budget, clears air on debt
“Our operating leverage, post the pay down and debt will be in the range of about 1.4 net debt to EBITDA. So, a very healthy balance sheet, strong cash generation and we are set up well, in spite of the fact that interest rates have climbed but as we think about going forward and paying down debt, that will put us in a good position.â€
2023-02-02T15:25:49+05:30
Berkshire Hathaway sells $44.9 mln of shares in China's BYD
The sale lowered Berkshire's holdings in BYD's issued H-shares to 12.9% on Jan. 27, down from 13.04%, the filing to the Hong Kong Stock Exchange showed on Thursday
2023-02-02T15:24:30+05:30
Adani's adversity raises the stakes for India and investors
Since the Jan. 24 Hindenburg report which alleged improper use by the Adani Group of offshore tax havens and stock manipulation and also raised concerns about high debt, the market capitalisation of seven listed Adani Group companies has fallen by half or nearly $100 billion. Its dollar bonds have tumbled
2023-02-02T15:16:59+05:30
Budget 2023: Tax tweak in life insurance to dent topline 10-12%, says HDFC Life chief
The Budget 2023 announcement to make changes to tax exemption policy on life insurance will likely have a 10-12 percent impact on the top-line products of HDFC Life and a five percent impact on the bottom-line products if nothing is done to mitigate the change, said Vibha Padalkar, MD and CEO, HDFC Life Insurance.
Wed, 01 Feb 2023 17:41:54 +0530
Insurtech#39;s leading disruption with sachet-sized products: Avendus
The report said that the recent IRDAI proposal that allows investors to take 25% stake without assuming promoter responsibilities has also helped in deepening interest.
Thu, 26 Jan 2023 10:10:49 +0530
Budget 2023: Insurers seek separate tax deduction basket for life policies, higher limit for health premium
Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income from tax
Thu, 26 Jan 2023 07:16:59 +0530
ICICI Lombard posts strong earnings in 9M FY23, health segment gets top billing
Change in product mix to drive future profitability; valuations rich but sustainable
Wed, 18 Jan 2023 09:59:13 +0530
ICICI Lombard posts strong earnings in 9M FY23, health segment stands out
Change in product mix to drive future profitability of ICICI Lombard; valuations rich but sustainable
Wed, 18 Jan 2023 09:59:13 +0530
Budget 2023 can help you in dealing with rising healthcare costs
FM Nirmala Sitharaman could go for an increase in the section 80D limit to make health covers more attractive for taxpayers at a time when medical expenses are rising.
Tue, 17 Jan 2023 14:07:35 +0530
Budget 2023 can help you in dealing with rising healthcare costs
In the upcoming Budget 2023, FM Nirmala Sitharaman could go for an increase in the section 80D limit to make health covers more attractive for taxpayers at a time when medical expenses are rising.
Tue, 17 Jan 2023 14:07:35 +0530
Review 2022: LIC going public, out-patient cover... 7 reforms that changed Indian insurance
The Insurance Regulatory and Development Authority of India (IRDAI) went on overdrive this year to facilitate ease of doing business, LIC went public, life insurance companies sold guaranteed return products on the back of higher interest rates while health insurers rolled out wellness and OPD benefits.
Thu, 29 Dec 2022 12:35:05 +0530
LIC going public, out-patient cover... 7 reforms that changed Indian insurance in 2022
The Insurance Regulatory and Development Authority of India (IRDAI) went on overdrive this year to facilitate ease of doing business, LIC went public, life insurance companies sold guaranteed return products on the back of higher interest rates while health insurers rolled out wellness and OPD benefits.
Thu, 29 Dec 2022 12:35:05 +0530
Insurance regulator reaches out to life and general insurers on COVID-19 preparedness
IRDAI has further asked life insurers to assess their capital situation.
Mon, 26 Dec 2022 17:12:01 +0530
Insurance regulator reaches out to life and general insurers on COVID-19 preparedness
IRDAI has further asked life insurers to assess their capital situation.
Mon, 26 Dec 2022 17:12:01 +0530
Deepak Fertilisers Q3 profit rises 40% to Rs 252 crore
The company#39;s PAT (profit after tax) stood at Rs 180.61 crore during the corresponding quarter of the previous financial year, DFCL said in a regulatory filing.
Thu, 02 Feb 2023 20:12:09 +0530
Ashok Leyland shares climb 3% after strong Q3 earnings
On the NSE, it advanced 3 per cent to settle at Rs 152.20 per share. During the day, it climbed 4.94 per cent to Rs 155.
Thu, 02 Feb 2023 19:02:13 +0530
Hindustan Construction Company Q3 net profit falls 9% to Rs 25.19 crore
Its total income during October-December 2022 marginally rose to Rs 1,167.13 crore, compared with Rs 1,169.63 crore in the corresponding period last fiscal.
Thu, 02 Feb 2023 18:52:29 +0530
Usage of PAN as single business ID for all digital systems to promote ease of doing business: DPIIT Secretary
The announcement regarding PAN was made by Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday.
Thu, 02 Feb 2023 18:36:58 +0530
Buy Jubilant Ingrevia; target of Rs 900: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Jubilant Ingrevia has recommended buy rating on the stock with a target price of Rs 900 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:26:02 +0530
Buy Jubilant Ingrevia; target of Rs 900: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Jubilant Ingrevia has recommended buy rating on the stock with a target price of Rs 900 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:26:02 +0530
Buy Sun Pharmaceutical Industries; target of Rs 1175: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Sun Pharmaceutical Industries has recommended buy rating on the stock with a target price of Rs 1175 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:25:48 +0530
Buy Indian Oil Corporation; target of Rs 125: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Indian Oil Corporation has recommended buy rating on the stock with a target price of Rs 125 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:25:30 +0530
Buy Westlife Foodworld; target of Rs 852: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Westlife Foodworld has recommended buy rating on the stock with a target price of Rs 852 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:25:17 +0530
Buy Apar Industries; target of Rs 2260: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Apar Industries has recommended buy rating on the stock with a target price of Rs 2260 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:25:02 +0530
Buy UPL; target of Rs 1070: Prabhudas Lilladher
Prabhudas Lilladher is bullish on UPL has recommended buy rating on the stock with a target price of Rs 1070 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:24:52 +0530
Buy Larsen and Toubro; target of Rs 2442: LKP Research
LKP Research is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 2442 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:24:42 +0530
Buy Indian Oil Corp; target of Rs 120: YES Securities
YES Securities is bullish on Indian Oil Corp has recommended buy rating on the stock with a target price of Rs 120 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:24:30 +0530
Buy SRF; target of Rs 3195: YES Securities
YES Securities is bullish on SRF has recommended buy rating on the stock with a target price of Rs 3195 in its research report dated February 01, 2023.
Thu, 02 Feb 2023 18:24:15 +0530
Buy TTK Prestige ; target of Rs 987: YES Securities
YES Securities is bullish on TTK Prestige has recommended buy rating on the stock with a target price of Rs 987 in its research report dated January 31, 2023.
Thu, 02 Feb 2023 18:24:01 +0530
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