Jagadish Shettar terms Congress move to approach Supreme Court for funds release a political gimmick

Jagadish Shettar terms Congress move to approach Supreme Court for funds release a political gimmick

BJP leader Jagadish Shettar says the Congress has adopted diversionary tactics hoping to gain in the Lok Sabha polls. | Photo Credit: FILE PHOTO The former Chief Minister and BJP leader Jagadish Shettar has criticised the State government for its move to approach the Supreme Court for the reported delay in release of drought relief … Read more

Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett $168 billion. What about you?

Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett $168 billion. What about you?

As investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund … Read more

JM Financial Fund, Elham invest in GMR Sports’ bond issue

JM Financial Fund, Elham invest in GMR Sports’ bond issue

Mumbai: Closely held GMR Sports Venture, which partly owns Delhi Capitals cricket team, raised ₹1,000 crore three-year unlisted, unrated, secured bonds at 16% last week from JM Financial fund and Elham Credit Partners, a private credit fund owned by Hillhouse Investment, said people with knowledge of the matter. JSW GMR Cricket, a 50:50 JV between … Read more

In NE, only Sikkim parties received funds through electoral bonds

In NE, only Sikkim parties received funds through electoral bonds

EC data shows that the Sikkim Democratic Front and Sikkim Krantikari Morcha received funds through the electoral bonds scheme. File | Photo Credit: Reuters GUWAHATI Only two parties from the North-East – both from Sikkim – received funds through the electoral bonds scheme introduced in 2018, two data sets five years apart uploaded by the … Read more

Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month

Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month

Investors in multiple smallcap and penny stocks, in which entities involved in the multi-crore Mahadev Online Book illegal betting application scam held a stake, have lost up to 37% this month. While Dubai-based alleged hawala operator Hari Shankar Tibrewala and related entities owned more than 30 listed stocks, at least 6 of them have been … Read more

Soaring Bitcoin set for sharpest monthly jump since 2020

Soaring Bitcoin set for sharpest monthly jump since 2020

SINGAPORE – Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high … Read more

These 5 long-term funds can benefit from lower government borrowing. Take a look – Funds in Focus

These 5 long-term funds can benefit from lower government borrowing. Take a look – Funds in Focus

Debt mutual funds investing in long-term bonds could be among the top picks of fixed-income investors as the prospects of lower government borrowing could boost returns from such products. Here are 5 funds that could benefit from the recent Budget announcement. (Source: Value Research; Data as of January 31, 2024) Source link

Hit by shortage of funds, Kannada University seeks ₹133 crore budgetary support from govt.

Hit by shortage of funds, Kannada University seeks ₹133 crore budgetary support from govt.

Kannada University, Hampi, which has for some years been facing severe fund crunch for even paying electricity bills, salaries to guest faculty and building maintenance works, has sought ₹133 crore budgetary support from the State government during 2024-25. The State’ lone university promoting the Kannada language has been entirely dependent on the government for funds. … Read more

US equity fund withdrawals ebb to four-week low amid tech-led Wall Street rally

US equity fund withdrawals ebb to four-week low amid tech-led Wall Street rally

U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Reserve meeting set for the following week. U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four weeks, as … Read more