Billionaire Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India’s most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a … Read more
Mumbai: Tube Investment, ABB India, Varun Beverages, , and are among the stocks likely to enter the MSCI India Standard index as part of the gauge’s November 2022 semi-annual review, IIFL Securities said. Global index services provider MSCI will announce the changes to its Indian indices on November 10, while the adjustments will take place … Read more
NEW DELHI: Bucking the increasingly-popular trend of keeping ESG parameters in mind while picking stocks, one of India’s most popular mutual funds – Parag Parikh Flexi Cap Fund – has hiked its stake in PSU stock . Based on the timeless principles of value investing, the mutual fund picked up 5.84 crore shares of the … Read more
After , Parag Parikh Flexi Cap Fund (PPFAS) has picked up another anti-ESG bet — . According to its latest disclosure dated May 31, the mutual fund scheme owned 19 lakh shares of Coal India. The popular mutual fund scheme, which has assets under management (AUM) worth over Rs 22,000 crore, is run by veteran … Read more