Investment / The Economic Times
Around 105 hybrid mutual funds have completed one year in the market.
The data further showed that two categories saw outflows in the same period.
How to check purity of gold jewellery using BIS Care app
In May 2024, many banks, including Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank, revised their fixed deposit interest rates. Here is a list of banks and their revised FD rates in May, with the highest interest rates and tenures.
The scheme will be benchmarked against 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold. Nimesh Chandan and Sorbh Gupta (equity investments), Nimesh Chandan and Siddharth Chaudhary (debt investments) and Vinay Bafna (commodities investments) will manage this fund.
Waaree Renewable Technologies, a smallcap solar company, has emerged as the leading gainer in the solar sector, boasting an astounding annual return of 1,318%. It is followed by WAA Solar with a gain of 561%, Zodiac Energy with 393%, and SJVN with 236%.
The proposal will help in increasing the liquidity of privately placed InvIT units by allowing a broader base of investors to participate in the market and promote diversification of investment portfolios, enabling investors to better manage risk, Sebi said in a discussion paper on Thursday.
Chennai-based Indian Overseas Bank reported a 24% increase in net profit for the quarter ended March 2024 on higher interest income. Net profit for the quarter was Rs 808 crore as against Rs 650 crore for the quarter ended 31st March 2023.
Relaxo Footwears on Thursday reported a 3 per cent decline in net profit for the March quarter to Rs 61.39 crore, as against Rs 63.3 crore in the year-ago period. The company's revenue from operations declined to Rs 747.21 crore from Rs 764.94 crore in the corresponding quarter of the previous year, a regulatory filing showed.
Indian drugmaker Abbott India reported a 24% rise in fourth-quarter profit on Thursday, as strong sales outpaced the impact of government pricing caps on certain medicines.
Long unwinding refers to the selling of positions or stocks owned for a longer period
SBI Gold Bonanza Campaign: Validity, minimum transaction, bonus points and more
BSE shares dipped 3.3% to Rs 2,726 on NSE as Q4 profit was affected by SEBI regulatory fee provision. Consolidated net profit rose marginally to Rs 106.9 crore despite the provision.
The National Institute of Nutrition (NIN) updates dietary guidelines for Indians, emphasizing the use of earthen cookware as safest for cooking due to its eco-friendliness and food preservation qualities. NIN also issues warnings about unsafe storage of acidic foods in metal vessels and overheating non-stick pans. Additionally, guidelines recommend limiting sugar intake, avoiding protein supplements, and promoting healthier dietary habits to combat malnutrition and obesity.
Around 10 companies witnessed the highest selling by mutual funds in March, according to a press release by Prime database. Here is the detailed list
India is set to start manufacturing T100 type carbon fibre within the next 2.5 years, aiming to overcome import restrictions limiting its use in strategic applications. T100 carbon fibre finds applications in defence, aerospace, civil engineering, and more, including hydrogen cylinders, missiles, and bulletproof jackets. The initiative involves collaboration between Bhabha Atomic Research Centre (BARC), Hindustan Aeronautics Limited (HAL), and Mishra Dhatu Nigam Limited (MIDHANI) to promote indi
The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 395.65 lakh crore. The volatility index India VIX also spiked 5% to 17.85 levels.
A total of 13,890 shares changed hands on the counter till 01:43PM (IST)
A total of 4,687 shares changed hands on the counter till 01:28PM (IST)
Around 8 equity mutual funds have offered negative returns in the last three months, according to the data by ACE MF.
The PAT for the quarter ended March 2024 dropped 4% year-on-year (YoY) to Rs 13.55 crore against Rs 14.24 crore for the same period, a year ago while the revenue from operations stood at Rs 131.70 crore, up by approximately 10% from Rs 120 crore in Q4FY23.
Tokyo investors are poring over earnings, with more major firms set to release results Thursday including Nissan, Takeda Pharmaceuticals and beverage giant Kirin.
India's prime office markets witness 4-8% yearly rental rise driven by demand and quality supply, surpassing pre-pandemic levels in 2024. Occupiers across Asia Pacific are willing to pay more for superior offices. High-growth markets like MG Road Delhi and SBD1 Bengaluru show up to 20% rental growth. Flex spaces expand rapidly, constituting 15-20% of top 6 cities' office leasing.
Hindus celebrate Akshaya Tritiya, believed to bring endless prosperity. The name itself - Akshaya (eternal) and Tritiya (third) signifies the third day of the auspicious Vaisakha month. Gold, a symbol of wealth, is a popular purchase on this day, ensuring long-lasting prosperity. Know the significance of Akshaya Tritiya and why it is an auspicious time to buy gold
After the fourth-quarter results, Jefferies upheld a buy rating for TVS Motor and Hero MotoCorp. Meanwhile, Citigroup suggested selling Bharat Forge but buying Voltas.
As per Trendlyne data, these stocks saw up to 9 analysts' target price upgrades and can rally up to 30%
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
PepsiCo India is experimenting with replacing palm oil and palmolein with a blend of sunflower oil and palmolein in Lay's, the country's largest potato chip brand. This comes amid backlash over the use of cheaper, unhealthy ingredients in packaged foods in India. In the US, PepsiCo uses heart healthy oil like sunflower, corn, and canola oil for Lay's. The India unit is also working to reduce salt in its snacks to less than 1.3 mg of sodium per calorie by 2025.
Xiaomi Technology India's ability to continue as a going concern depends on the outcome of multiple regulatory and tax disputes and additional funds from the Chinese parent. However, the company doesn't see a threat for the foreseeable future based on legal opinions obtained and cash flow projections. Xiaomi has faced multiple investigations and legal proceedings launched by income tax authorities, the Directorate of Enforcement, and the customs department on matters such as alleged evasion of c
The bank's operating profit was 30% higher at Rs 285 crore against Rs 219 crore but provisions and contingencies at Rs 226 crore against Rs 82 crore pulled the net profit down.
Declining for the second straight session, the 30-share BSE Sensex fell 0.06% to settle at 73,466. The NSE Nifty remained unchanged at 22,302.50.
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of new higher bottom formation. The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels.
Google Wallet: This article is about how to use Google Wallet and how different is it from Google Pay. As per Google, this wallet can be used for various utility functions like storing Air India, Indigo Airlines flight boarding pass, PVR and INOX cinema tickets. Read here to know more.
MF holding in Tracxn Technologies decreased by 7.71% in March to 4.32% against 12.03% in December.
In a move impacting existing policyholders, HDFC Ergo discontinues its myhealth Suraksha health insurance plans. The insurer will migrate customers to alternative policy. Key concerns for existing customers include changes in premiums, coverage details, and potential loss of renewal benefits. ET Wealth Online delves into how this will affect renewals, benefits, and the migration process. Customers of HDFC Ergo myhealth Suraksha health plans must know these details
Canara Bank Q4 Results: The company's Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24
The stock quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
Mutual fund KYC rules from April 1, 2024: To invest in any scheme of any mutual fund house easily, an investor must have KYC Validated status. However, the KYC validated can be achieved only if the KYC documents submitted by an individual can be verified with the source issuing such documents.
A total of 200,312 shares changed hands on the counter till 11:26AM (IST)
Infosys, Bajaj Finance, Wipro, HDFC Bank, HUL, Dalmia Bharat, Bandhan Bank, CIE Automotive, AU SFB target prices downgraded by brokers, indicating revised average target prices and upside potential.