Go Digit, the fast-growing general insurance company, listed at Rs 286 per share, translating to a 5% gain over the issue price of Rs 272. The listing fell short of expectations as the grey market trends suggested a potential gain of around 10%. Analysts said Go Digit’s position as the fastest-growing private non-life insurer by … Read more
The shares of Indegene will list on the exchanges on Monday and the unlisted market trends indicate robust listing gains for allotted investors. The company’s shares are trading with a GMP of Rs 290 in the grey market, and considering the upper price band of Rs 490, the stock is expected to list with a … Read more
The government garnered ₹96,000 crore under the National Monetisation Pipeline in FY22, surpassing the target of ₹88,000 crore. The programme witnessed participation of some marquee investors including the Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan. “During FY22, transactions aggregating to about ₹96,000 crore of accrual or investments by central and state government … Read more
Invesco is planning to launch a pair of cryptocurrency-focused exchange-traded funds, even as regulators have repeatedly delayed the approval of a U.S. Bitcoin ETF. About 85% of the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will be in crypto-linked equities, according to a filing with the U.S. Securities and Exchange … Read more
By Scarlet Fu Having a star fund manager is an easy way for an asset management firm to attract client money. But for Franklin Resources Inc.’s chief executive officer, it’s not worth the disruption when they leave. “Clients get nervous by a star manager, if you appoint one, because then it becomes a succession issue,” … Read more