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Asset management companies reopen international plans to investors before new tax rules kick in from April 1
At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.
2023-03-28T06:08:47+05:30
Debt fund taxation changes to impact corporate bond demand - fund managers
"Demand for above three-year corporate bonds would be impacted, and we could see some steepening of the curve right from one-year to five-year point, and spreads with government bond yields could see 10 basis points of widening" said Raju Sharma, head fixed income at IDBI Mutual fund.
2023-03-27T15:38:01+05:30
LTCG tax on debt mutual funds gone, but don't commit these mistakes trying to tackle it
Ever since the news came out, many investors were asking around whether there are any ways to avoid the extra tax. Sure, experts never fail such investors. They have been offering many quick-fix solutions.
2023-03-27T11:15:08+05:30
Mutual fund nomination deadline to end on March 31
The deadline for all the existing mutual fund folios, including jointly-held ones, is on March 31. Failure to do so will result in the folios frozen for debits.
2023-03-27T08:35:28+05:30
Mutual funds push debt schemes before tax deadline
From April 1, capital gains arising from investments in debt mutual fund schemes will be added to taxable income and taxed in line with the income tax slab rate. The government made this unexpected change as part of amendments in the Finance Bill last week.
2023-03-27T06:36:31+05:30
Kotak Bluechip Fund: Fund review
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-03-27T06:30:00+05:30
What is a MNC or Multi-National Company Mutual Fund? 5 things to know
MNC funds invest in a diversified portfolio of multinational corporations, typically across different sectors, such as technology, healthcare, consumer goods and energy.
2023-03-27T06:30:00+05:30
Money matters to do before March 31, 2023
There are various points to remember before the financial year ends, Here is a list of different areas one needs to check.
2023-03-27T06:30:00+05:30
It's advantage FD with debt mutual funds set to lose popularity
"Fixed deposits will be at par with some debt schemes once the tax advantage is gone from a retail investor's perspective," said Ashish Shankar, MD and CEO, Motilal Oswal Private Wealth. "For HNIs and family offices, direct debt and structured debt will become more attractive."
2023-03-25T07:08:34+05:30
Importance of fixed income schemes has been growing quite consistently: A Balasubramanian
I also believe that the way the mutual funds have been playing the development role on the bond market, which I think is one of the most needed for the country as a whole, in addition to the equity market.
2023-03-24T13:58:22+05:30
Invest in debt schemes before March 31 to enjoy indexation benefit: advisors
Many investors are calling their advisors about the tax treatment of their debt mutual fund investments. Advisors have been telling investors that all investments made before March 31,2023 will continue to enjoy LTCG and Indexation benefits.
2023-03-24T12:17:49+05:30
Indexation benefit available to debt mutual funds may go
Indexation helps investors to bring down taxes as it calculates the taxes after accounting for inflation. In a high inflation environment, indexation brings down the taxes significantly.
2023-03-24T09:35:53+05:30
E-wallets for investing in mutual funds should be KYC norms compliant: Sebi
The Securities and Exchange Board of India, in its circular dated May 8, 2017, allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments by investors, especially the young generation -- to purchase these instruments through both e-wallet and/or cash per mutual fund per financial year.
2023-03-24T08:11:38+05:30
Want 100% flexibility in shifting between debt & equity? Sandeep Tandon has an answer
Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise.
2023-03-23T16:45:00+05:30
Can I sell my mutual fund investments, invest the money in ELSS?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-23T15:37:37+05:30
18 ELSS mutual funds beat their benchmarks in 10 years; offer 12-17% returns
ETMutualFunds looked at the ELSS category to see whether the schemes in it managed to beat their benchmarks over the 10-year period. There were 27 schemes in the ELSS category that have completed 10 years of existence.
2023-03-23T11:10:38+05:30
Axis Mutual Fund aims to raise Rs 50 crore from new ETF fund of funds
By investing in a fund of funds, which offers asset diversification, investors may also benefit from lower risks as it follows a passive investment strategy.
2023-03-23T08:29:07+05:30
Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund deal
Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.
2023-03-23T08:22:37+05:30
Fed increases rates by 25 bps but signals hikes are near an end
The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.
2023-03-22T23:38:58+05:30
8 small cap schemes offered more than 40% return in three years
The small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.
2023-03-22T11:07:22+05:30
Valuation risk minimal in largecaps; good time to start investing for long term: Harsha Upadhyaya
Midcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.
2023-03-22T10:09:46+05:30
A Bala on why one shouldn’t worry about SIP cancellation, Adani debt exposure
Aditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.
2023-03-22T09:21:37+05:30
Why you should hurry to provide nomination details in old MF folios
According to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.
2023-03-22T08:59:58+05:30
With yields seen peaking, investors can look at long duration funds
"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.
2023-03-22T08:25:08+05:30
A win-win solution: A passive, hold-to-maturity, fully G-Sec product
As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.
2023-03-21T13:04:04+05:30
Silver ETF: Should you buy it as silver prices soar?
Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.
2023-03-21T12:53:48+05:30
NFO Watch: 20 new mutual fund offers open this week. Should you invest?
Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.
2023-03-21T12:15:22+05:30
Mutual funds to secure a monthly income of Rs 40,000
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-21T10:32:04+05:30
Why should you consider investing in passives or index schemes?
For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.
2023-03-21T09:44:45+05:30
D-Street indices fall on back of weakness in global markets
The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.
2023-03-21T07:29:39+05:30
Investors with 6-12 months horizon can consider money market funds
Puneet Pal, head - fixed income, PGIM India Mutual Fund, said he expected the US Fed to hike rates by 25 bps next week, but he pointed out the crucial aspect will be the future guidance.
2023-03-20T15:46:26+05:30
Why is it the right time to invest in equity mutual funds?
Is it the right time to invest in equity mutual funds? Why mutual fund managers/experts believe that it is great time or opportunity to invest in equity mutual funds?
2023-03-20T12:45:40+05:30
The SMART way to define your financial goals
The goals cannot be vague, such as ‘I will buy a house when I have enough money’. Goals should be ‘SMART’: specific, measurable, achievable, relevant and time-bound.
2023-03-20T06:30:00+05:30
Constant Maturity Fund: 5 things to know
This type of fund has huge interest rate risk as any change in the interest rate will impact the price of the bonds, which will impact fund returns.
2023-03-20T06:30:00+05:30
Should you time your equity investments?
Investing consistently is more than important than timing the markets.
2023-03-20T06:30:00+05:30
Will these mutual funds help me to make Rs 15 crore?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-17T16:01:41+05:30
HDFC Mutual Fund launches HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund
HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme, will close for subscription today. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO.
2023-03-17T12:24:23+05:30
Mutual Funds buy hotels, entertainment, auto and cement stocks
Equity mutual funds shuffled their holdings in banks and insurance in February as foreign investors trimmed their positions in these stocks as part of their broader sell-off in Indian equities.
2023-03-17T10:29:42+05:30
USD debt can be very attractive to diversify globally: Vishal Kapoor of Bandhan Mutual Fund
"With this fund, an investment by an Indian investor will be made in INR locally into the Bandhan US Treasury Bond 0-1 Year Fund of Fund. Our fund will in turn invest into an overseas ETF that invests in US Treasury Bonds. Being a local investment, individual remittance limits and Tax Collected at Source (TCS) requirements under the LRS facility are not applicable," Kapoor said.
2023-03-17T09:51:10+05:30
Bandhan Mutual Funds US Treasury Bond FoF offers niche dollar play
The US Treasury Bond 0-1 year Fund of Fund is an open-ended FoF that will invest in units of JPMorgan BetaBuilders US Treasury Bond 0-1 year ETF.
2023-03-17T08:33:00+05:30
Sebi renews recognition to AMC Repo Clearing for one year
Securities and Exchange Board of India (Sebi) granted recognition to AMC Repo Clearing Ltd in January last year.
2023-03-16T15:11:31+05:30
Should I make changes to my mutual fund portfolio?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-16T13:31:47+05:30
Banking sector mutual funds lost around 9%. What should investors do?
Are the recent troubles offer a great opportunity to invest in banking schemes?
2023-03-16T11:19:53+05:30
Edelweiss to Merge Bharat Bond ETF 2023 with 2025
As per the Income Tax, such mergers will not result in capital gain or loss for the merging schemes. They will be treated as a continuous investment into the next scheme.
2023-03-16T09:11:45+05:30
What are the advantages of investing in target maturity funds?
Target maturity funds are passively managed debt mutual funds that come with a specified maturity date and replicate the underlying index.
2023-03-15T09:53:22+05:30
Despite rising per capita income, SIP ticket size hasn't moved much in last 5 years: DP Singh, SBI Mutual Fund
The Deputy MD of SBI MF, DP Singh, says that the SVB crisis in India will have a minimal impact on the Indian economy, and that the future is bright. Singh also says that the Indian economy is doing well, and that credit is improving. He says that the decoupling of the Indian economy from the US economy is no longer possible and that Indians are investing outside of India.
2023-03-15T09:31:58+05:30
Mirae Asset Mutual Fund launches Mirae Asset Nifty 100 Low Volatility 30 ETF
Nifty100 Low Volatility 30 Index is a Smart Beta ETF that aims to measure the performance of the low volatile securities in the large market capitalization segment. Smart Beta ETFs aim to potentially combine the benefits of both active and passive investing.
2023-03-15T09:10:05+05:30
ICICI Prudential Mutual Fund launches of ICICI Prudential Nifty PSU Bank ETF
The NFO will close for subscription on March 15, 2023.
2023-03-15T09:00:11+05:30
DSP Mutual Fund launches special hotline for women
Women can give a missed call on 8657011333 if they want to learn more about mutual funds, investing or simply about how they can take their first steps toward building a financial plan, a press release said.
2023-03-14T14:14:29+05:30
Best mutual funds to ride the volatile phase in the market
Whenever the market becomes volatile, many investors keep asking whether they can invest in some mutual funds that will help them to deal with the volatility better. Are there safe funds?
2023-03-14T11:10:53+05:30
Avalon Technologies IPO: 10 things to know about this public offer
Avalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others
2023-03-27T16:56:27+05:30
SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwinds
In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.
2023-03-27T15:10:27+05:30
Mamaearth IPO on hold amid subdued market conditions: Report
Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode", a Reuters report said, citing turbulence in stock markets globally amid worries about the financial health of banks.
2023-03-27T12:06:07+05:30
Avalon Technologies' Rs 865 crore-IPO to open for subscription on April 3
The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. The reduction in the IPO size was a result of the pre-IPO placement carried out by the company, which amounted to Rs 160 crore.
2023-03-26T13:46:30+05:30
Sotac Pharmaceuticals among 3 IPOs scheduled for subscription this week
Steel bars and wires manufacturer Maiden Forgings opened for IPO on March 23 to raise Rs 23.84 crore. The IPO will close on March 27. The new issue consists of 37,84,000 equity shares worth Rs 10 apiece, with a ceiling on the issue price between Rs 60 and Rs 63
2023-03-26T11:08:07+05:30
Avalon Technologies' Rs 865-cr IPO to kick off on Apr 3
The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).
2023-03-25T14:54:07+05:30
Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO
Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.
2023-03-25T12:40:42+05:30
Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details
"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.
2023-03-23T14:56:23+05:30
Non-banking lender SBFC cuts IPO size, refiles papers with Sebi
About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30
Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30
Jupiter Hospital likely to file for ₹1,100 crore IPO soon
The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30
MobiKwik eyes fresh IPO in 12-18 months
“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,†Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30
Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30
IndiaFirst Life Insurance gets SEBI approval to float IPO
IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30
SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium
Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30
Udayshivakumar Infra IPO subscribed 58% on Day One
According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30
Global Surfaces IPO share allotment expected today. How to check status
According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30
Udayshivakumar Infra IPO opens for subscription. Should you bid?
The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos
The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30
Govt approves listing of state-owned IREDA by selling part stake
DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30
Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details
About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30
Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore
Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30
Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev
In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30
Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?
Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30
White label ATM provider India1 Payments defers IPO plans
It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30
Global Surfaces IPO subscribed 12.21 times on Day 3
According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30
Divgi TorqTransfer lists at 5.1% premium
The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30
Global Surfaces IPO fully subscribed on Day 2
Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30
SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details
The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30
Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?
The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30
Global Surfaces IPO: Check subscription status, GMP and other details
The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30
Global Surfaces IPO opens. Should you subscribe to the issue?
Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30
Global Surfaces among 5 IPOs that will open for subscription this week
The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30
Global Surfaces IPO: 10 things you must know before investing
Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30
Tata Technologies IPO: 10 things to know about the public offer
The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30
Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know
2023-03-10T18:28:43+05:30
Flipkart not averse to Dalal Street IPO
The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30
Tata Technologies IPO: What it means for Tata Motors investors
Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30
Tata Technologies files IPO papers with Sebi
The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30
Global Surfaces IPO to open next week. Check price band and other details
The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30
Byju’s is said to seek $250 million in Aakash pre-IPO funding
Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30
Divgi TorqTransfer IPO allotment today. How to check status
The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.
2023-03-08T13:25:27+05:30
SoftBank's arm aims to raise at least $8 billion in US IPO, say sources
The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
2023-03-06T19:11:14+05:30
Nova Agritech files DRHP to raise funds via IPO
According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao
2023-03-06T17:18:32+05:30
Airox Technologies scraps IPO plans; withdraws IPO paper
However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday
2023-03-06T16:19:46+05:30
Divgi Torqtransfer Systems' IPO subscribed 5.44 times
The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.
2023-03-04T06:59:45+05:30
Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises
The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.
2023-03-03T13:28:04+05:30
Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details
Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.
2023-03-02T13:39:57+05:30
Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?
Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.
2023-03-02T09:01:13+05:30
Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details
Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.
2023-03-01T14:23:28+05:30
Stocks in focus: PNC Infra, Emami Ltd and more
2023-03-28T08:48:45+05:30
Berkshire Hathaway stake in Occidental Petroleum rises to 23.6%
Buffett, 92, has longed to make another large acquisition for his Omaha, Nebraska-based conglomerate, whose dozens of businesses include Geico car insurance and the BNSF railroad.
2023-03-28T08:07:17+05:30
Asian stocks gain, US treasury yields rise as banking fear eases
On the other hand, oil prices rose more than $3 on Monday as a halt to some exports from Iraq's Kurdistan region added to worries about oil supplies while a U.S. banking acquisition eased worries that financial turmoil could hurt the economy and curtail fuel demand.
2023-03-28T08:03:45+05:30
Gold edges higher on softer dollar; banking optimism limits appeal
Gold prices slipped more than 1% on Monday as investors scaled back on safe-haven trading in favour of riskier assets after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank.
2023-03-28T07:59:13+05:30
Safe-haven dollar slides as bank fears ease; yen surges
The yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of overseas profits by Japanese corporations into the end of the country's fiscal year on Friday.
2023-03-28T07:48:35+05:30
Oil prices little changed; supply concerns, banking crisis in focus
China's crude oil imports are expected to rise 6.2% in 2023 from last year's level to 540 million tonnes, according to an annual forecast by a research unit of China National Petroleum Corp on Monday.
2023-03-28T07:42:26+05:30
Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade higher
2023-03-28T07:35:19+05:30
US stock market: S&P 500 ends up slightly; SVB deal lifts bank shares
The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank's assets helped to boost bank shares, while a decline in technology-related stocks limited the day's gains.
2023-03-28T07:34:40+05:30
​These 5 BSE stocks are signalling bullish reversal on candlestick screener​
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2023-03-28T07:34:17+05:30
​4 NSE stocks that signal bearish reversal on candlestick screener​
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2023-03-28T06:54:59+05:30
AMCs reopen international plans to investors
At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.
2023-03-28T06:08:47+05:30
Saudi National Bank chair resigns in wake of Credit Suisse loss
Ammar Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds.
2023-03-28T01:26:56+05:30
Adani seeks more time to pay ACC, Ambuja debt
The Adani Group is seeking to renegotiate the terms of outstanding loans worth $4 billion taken in August last year for the acquisition of its cement assets - ACC and Ambuja Cements - from Switzerland-based Holcim group, said multiple sources aware of the ongoing negotiations.
2023-03-28T00:52:11+05:30
Seventh round of coal mine auctions starts tomorrow
Of the 106 mines that will be offered in the seventh round, 61 are partially explored and 45 are fully explored, the government said on Monday. These comprise 95 non-coking coal, one coking coal and 10 lignite mines.
2023-03-28T00:48:25+05:30
SBI Cards outpaces banks in adding new customers in February
SBI Cards and Axis Bank, the latter fresh with its acquisition of Citi's credit card portfolio, showed improvement in the card market share that stood at 19.8% and 11.7%, respectively, at the end of February. Cards in force market share for HDFC Bank and ICICI Bank marginally declined to 20.8% and 16.5%, respectively, in February.
2023-03-28T00:47:19+05:30
Symphony shares to trade ex-buyback this week
The company will buyback about 10,00,000 equity shares through the tender offer route at Rs 2,000 per share from all the eligible shareholders as on record date. The buyback amount excludes expenses to be incurred for various charges, costs and taxes.
2023-03-27T22:23:56+05:30
Ahead of Market: 10 things that will decide D-Street action on Tuesday
The MACD is known for signaling trend reversals in traded securities or indices. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa.
2023-03-27T22:18:47+05:30
​6 Mukul Agrawal portfolio stocks with YTD returns of over 25%a​
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2023-03-27T22:14:25+05:30
World Bank warns of 'lost decade' in global growth without bold policy shifts
Failure to reverse the expected broad-based slowdown in potential gross domestic product (GDP) growth would have profound implications for the world's ability to tackle climate change and reduce poverty, it said in a new report.
2023-03-27T22:00:14+05:30
Stock Radar: Buy ICICI Prudential Life for a target of Rs 575 in next 12 months
2023-03-27T22:00:00+05:30
Fed's Barr says regulators committing to ensuring 'all deposits' are safe
In prepared testimony, Fed Vice Chair for Supervision Michael Barr added that the banking system is "strong and resilient," but that the Fed is reviewing its actions leading up to the collapse of Silicon Valley Bank and how to tighten rules on banks going forward.
2023-03-27T21:56:38+05:30
European shares rebound as banking jitters ebb on SVB deal
European stocks are looking to end the first quarter of the year with gains, buoyed by signs of economic resilience and hopes that central banks are near the end of their tightening cycles. However, European banks are set to end the quarter nearly flat amid the banking sector turmoil.
2023-03-27T21:47:24+05:30
Dollar gains against yen as banking fears ease
The U.S. currency, however, traded in a narrow range against most major currencies as investors appeared hesitant to place big wagers in either direction as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the rescue of Credit Suisse.
2023-03-27T21:39:25+05:30
Adani acquires 49% in Quintillion Business Media for Rs 48 crore
Adani Ent said its subsidiary AMG Media Networks has completed the acquisition, which was originally announced in May last year. Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime.
2023-03-27T21:38:36+05:30
SC dismisses DRI's petition against three Adani Group subsidiaries
Between November 2022 and January 2023, the federal agency had moved the apex court against the relief granted to three firms namely : Adani Power Maharashtra Ltd (APML), Adani Power Rajasthan Ltd (APRL) and Maharashtra Eastern Grid Power Transmission Company Limited (MEGPTCL) by CESTAT.
2023-03-27T21:28:57+05:30
Market Watch: Bounce towards 17,100-17,150 levels sell on rise opportunity
2023-03-27T21:11:34+05:30
Oil rises on Kurdistan export halt and banking optimism
Concerns over a crisis in Turkey's banking sector have eased, contributing to a 1.6% increase in Brent crude prices to $76.17 a barrel and a 1.9% rise in US West Texas Intermediate crude to $70.54. Oil prices were also boosted by a partial halt to exports from Iraqi Kurdistan via Turkey on Saturday, which removed 450,000 barrels per day from the global supply. US authorities are said to be considering expanding emergency lending facilities in banks in a bid to provide additional support for bank funding.
2023-03-27T21:05:41+05:30
These 4 smallcaps record new 52-week highs, do you own any?
2023-03-27T20:59:39+05:30
Reliance Capital lenders plan auction on April 4
The administrator is proposing to hold an auction amidst stiff resistance from Torrent Investments- one of the bidders for the Anil Ambani-promoted finance company undergoing insolvency proceedings.
2023-03-27T20:50:26+05:30
Binance sued by US watchdog for alleged derivatives rule lapses
The derivatives regulator said Binance shirked its obligations by not properly registering with it.
2023-03-27T20:48:45+05:30
Black, Hispanic investors struggle with faith in crypto
Cryptocurrency's recent meltdown has sparked a debate between those who still believe in its future and those who see it as a risky and unproven asset class that preys on vulnerable people. In addition, the marketing of crypto to minority communities has been compared to "predatory inclusion," like payday loans and subprime mortgages, touting it as an economic equalizer without highlighting the risks involved. Though progress has been made in increasing the diversity of the industry, advocates say more needs to be done to encourage young Black and Hispanic people to pursue crypto development careers to make it more accessible and equitable.
2023-03-27T20:41:55+05:30
​8 Nifty 500 stocks available at low PE and offering high ROCE​
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2023-03-27T20:34:36+05:30
PSU oil cos to get Rs 800-cr subsidy to set up charging infra under FAME II
According to official data, these new stations will supplement the existing 6,586 public EV charging stations in the country. The EV stations will deploy fast as well as slow chargers. This subsidy grant from the government will help OMCs achieve their mission of setting up 22,000 EV charging stations across the country by 2024.
2023-03-27T20:33:34+05:30
Market Trading Guide: Grasim Industries among 4 stock recommendations for Tuesday
2023-03-27T20:33:32+05:30
Coffee Day Enterprises fund diversion case: Sebi imposes Rs 1 cr fine on Mysore Amalgamated Coffee
Sebi has imposed a penalty of INR 1 crore on Mysore Amalgamated Coffee Estates for aiding and abetting Coffee Day Enterprises in the diversion of funds worth INR 3,535 crore. The company had to pay the fine within 45 days of the order passed by Sebi. According to the regulator, Mysore Amalgamated Coffee Estates was a pass-through entity that violated SEBI Act and Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations. Such diversions of funds were not disclosed to investors until the death of VG Siddhartha, the chairman of the Coffee Day Group in July 2019.
2023-03-27T20:30:11+05:30
Troubled Silicon Valley Bank acquired by First Citizens
Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. The 17 former branches of SVB will open as First Citizens branches Monday, the FDIC said.
2023-03-27T19:49:55+05:30
New Debt MF Norms: AMCs open subscription for international schemes
The existing Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) will reopen from March 29 onwards. However, fresh SIP and STP will not be allowed.
2023-03-27T19:33:35+05:30
Top 7 Hybrid Mutual Funds with over 30% gains in the last 3 years
2023-03-27T19:29:59+05:30
Banks lead stock gains after First Citizens buys SVB assets
Stocks are increasing as bank stocks show some strength following the takeover of failed Silicon Valley Bank by First-Citizens Bank & Trust, which could help ease market concerns over troubled banks. Stocks in the Dow Jones Industrial Average and S&P 500 each climbed 0.8% in early Monday trading, whilst Nasdaq-traded First Citizens BancShares rose 40% in premarket trading. However, the risks of a recession persist due to the high interest rates squeezing lenders. The managing director of the International Monetary Fund, Kristalina Georgieva, said that financial stability risks are rising as interest rates increase to combat inflation.
2023-03-27T19:26:06+05:30
Dow, S&P 500 up as SVB deal lifts bank shares; Nasdaq dips
The Dow Jones Industrial Average rose 288.66 points, or 0.9%, to 32,526.19, the S&P 500 gained 21.21 points, or 0.53%, to 3,992.2 and the Nasdaq Composite dropped 11.95 points, or 0.1%, to 11,812.01.
2023-03-27T19:23:38+05:30
US mid-tier lenders gain on SVB deal, hopes of more govt support
Market worries eased on Monday as First Citizens BancShares agreed to buy failed SVB in a deal in which unit First-Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion.
2023-03-27T19:22:30+05:30
​SVB, Signature & 8 other banks that failed in the last 5 years
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2023-03-27T19:14:25+05:30
STT hike may leave traders poorer by Rs 2,000 crore: Zerodha's Nithin Kamath
Volumes will likely drop next year on the back of falling new account openings and plateauing active accounts, Kamath said, adding that STT collections could be lower than prior to the hike.
2023-03-27T18:46:58+05:30
Tech View: Nifty charts hint at indecisiveness. What should traders do on Tuesday
On the Monthly Option front, Maximum Call OI is at 18,000, then 17,000 strike, while Maximum Put OI is at 17,000, then 16500 strike. Call writing is seen at 17000, then 17250 strikes, while Put writing is seen at 17,000, then 16,800 strikes. Options data suggests an immediate trading range in between 16,800 to 17,200 zones.
2023-03-27T17:33:55+05:30
Stock market update: Nifty Pharma index advances 1.08%
The Nifty Pharma index closed 1.08 per cent up at 11882.75.
2023-03-27T17:29:22+05:30
Stock market update: Nifty Bank index advances 0.09%
The Nifty Bank index closed 0.09 per cent up at 39431.3.
2023-03-27T17:23:59+05:30
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T17:18:42+05:30
Sensex rises! But these stocks fell 5% or more in Monday's session
In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red.
2023-03-27T17:13:26+05:30
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T17:08:09+05:30
Stock market update: Mining stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T17:03:01+05:30
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