Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada.

Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada.

Although the company’s financials have shown good growth, experts said it faces competition from peers that have the support of banks in terms of business expansion and client acquisition.

Although the company’s financials have shown good growth, experts said it faces competition from peers that have the support of banks in terms of business expansion and client acquisition.

Aditya Birla Sun Life AMC share price opened at Rs xx on the BSE, and Rs xx on the National Stock Exchange.

Aditya Birla Sun Life AMC share price opened at Rs 715 on the National Stock Exchange.

Paras Defence and Space Technologies is the first stock in the current decade that has given a massive 185 percent returns to investors on its debut day. The investment of Rs 14,875 for 85 shares (one lot) is worth Rs 42,393.75 now.

Experts advise investors to book partial profits and hold the remaining shares for the long term, or to hold all shares for the longer term, given the increased government focus on defence and space sectors.

The grey market premium for Aditya Birla Sun Life AMC IPO shares dropped further to 2.8-4.2 percent from 6.3-7 percent earlier. It traded at Rs 732-742 per share against higher end of price band of Rs 712 per share.

Paras Defence share opened at Rs 475 on the BSE and at Rs 469 on the NSE, against issue price of Rs 175 per share.

After closing the issue on October 1, the IPO share allotment will get finalised on October 6. The funds will be refunded to ineligible investors by October 7, and the successful investors will get share in their demat accounts by October 8.

At least 13 analysts and brokerage houses have endorsed the issue, citing reasonable valuations, scope for growth of mutual fund products and rising investment awareness, among other reasons

The offer size has been reduced to 2.77 crore shares from 3.88 crore shares after the company raised Rs 789 crore from anchor investors on September 28.

KR Choksey has come out with its report on Aditya Birla Sun Life AMC. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 28, 2021.

Marquee investors who participated in the anchor book were HSBC, International Monetary Fund, Abu Dhabi Investment Authority, Morgan Stanley Asia, BNP Paribas, and Societe Generale.

The broader indices BSE midcap and smallcap added 0.5 percent each

All the sectoral indices ended in the green, with the Nifty Auto index adding more than 3 percent. Energy, infra, IT and metal indices were up a percent each

All the sectoral indices ended in the green, with the Nifty Auto index adding more than 3 percent. Energy, infra, IT and metal indices were up a percent each

All the sectoral indices ended in the green, with the Nifty Auto index adding more than 3 percent. Energy, infra, IT and metal indices were up a percent each

More than 300 stocks, including Tata Motors, SBI, Lloyds Steels Industries and Jubilant FoodWorks, hit a 52-week high on the BSE

More than 300 stocks, including Tata Motors, SBI, Lloyds Steels Industries and Jubilant FoodWorks, hit a 52-week high on the BSE

More than 300 stocks, including Tata Motors, SBI, Lloyds Steels Industries and Jubilant FoodWorks, hit a 52-week high on the BSE

More than 350 stocks, including Bata India, Reliance Industries, Tata Motors, Voltas, DB Realty, hit a 52-week high on the BSE.

More than 350 stocks, including Bata India, Reliance Industries, Tata Motors, Voltas, DB Realty, hit a 52-week high on the BSE.

More than 350 stocks, including Bata India, Reliance Industries, Tata Motors, Voltas, DB Realty, hit a 52-week high on the BSE.

On the sectoral front, the IT index gained 2 percent, the PSU Bank index 1.65 percent but realty and FMCG succumbed to selling pressure

On the BSE, except oil gas, all other sectoral indices ended in the green, with Nifty realty and auto indices rising 4-6 percent.

On the BSE, except oil gas, all other sectoral indices ended in the green, with Nifty realty and auto indices rising 4-6 percent.

On the BSE, the metal index shed 3 percent, while auto, healthcare, IT and realty indices fell over a percent each

On the BSE, the metal index shed 3 percent, while auto, healthcare, IT and realty indices fell over a percent each

Private life insurance companies have continued the growth momentum in September 2021 but key risks around a third wave of the pandemic and pricing continue.

The opportunities of synergies with Axis Bank are humongous. says, Prashant Tripathy. Digital, he says, is a big play for Max Life, and currently, the organisation is on a multi-year programme to completely digitise its operations and sales.

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Health insurance policyholders get ‘rewarded’ in the form of cumulative bonus for not making claims

Health insurance policyholders get ‘rewarded’ in the form of cumulative bonus for not making claims

You can now buy and renew COVID-19-specific policies until the end of this financial year.

The private insurer has set its Value of New Business margin expectations at 12 percent and is bullish on strengthening its bancassurance channel.

ICICI Direct, The US dollar declined on Friday as global risk appetite rebounded.

ICICI Direct, The US dollar declined on Friday as global risk appetite rebounded.

ICICI Direct, The US dollar declined on Friday as global risk appetite rebounded.

Gitex Global, dubbed as the world#39;s biggest technology show, is being organised from October 17 to 21 at the Dubai World Trade Centre.

BJP president J.P. Nadda will chair the meeting which will be attended by all its leaders who hold organisational responsibilities at the national level besides its spokespersons.

BJP president J.P. Nadda will chair the meeting which will be attended by all its leaders who hold organisational responsibilities at the national level besides its spokespersons.

Onion stocks are being released in the market on the first-in-first-out basis in a calibrated manner from the last week of August in a bid to moderate prices and ensure minimum storage loss, it said.

The state home department issued the guidelines, which say that not more than 15 persons and one vehicle will be allowed in each procession of Eid-e-Milad that will be celebrated on Tuesday to mark the birth anniversary of the last prophet of Islam, Prophet Muhammad.

Data released on Monday showed gross domestic product (GDP) grew 4.9% in July-September from a earlier, the weakest pace since the third quarter of 2020 and slowing from 7.9% in the second quarter.

"High Command will decide. Congress party is a national party. Who made Basavaraj Bommai the CM? Did MLAs do it? It was the (BJP) high command and RSS which decided. Similarly, we too have the high command," Siddaramaiah said in response to a question on whether he will become CM if Congress wins assembly polls.

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

The move from 60,000 to 2,00,000 mark on Sensex can be achieved with returns of 12.5-13 percent CAGR over the next decade. This is in line (or even lower) with expected nominal growth in the economy and the benchmark indices tend to outperform nominal growth in economy over medium to long term.

Trends on SGX Nifty indicate a positive opening for the index in India against October 14 close of 18,355.

Trends on SGX Nifty indicate a positive opening for the index in India against October 14 close of 18,355.

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