Mumbai: Vikas Khemani-owned investment firm Carnelian Asset Management & Advisors is set to raise its latest ₹5,000 crore public market fund, with the backing of high-net-worth individuals, ultra-high-net-worth individuals and family offices of industrialists. Existing investors such as the promoter family offices of TVS Capital, Ajanta Pharma, Pidilite, Dalmia and Dabur are likely to invest … Read more
BFSI firm Centrum Group (Centrum) on Thursday appointed Manish Jain as Head of its fund management businesses. He will lead and manage Centrum’s Portfolio Management Services (PMS) and non-discretionary equity advisory verticals. Jain comes with a proven track record of over 20 years in the Indian equities market, managing equity funds, driving high quality equity … Read more
NTPC. Share Price 242.75 03:58 PM | 10 Nov 2023 4.81(2.01%) Oil And Natural Gas Corporation. Share Price 195.90 03:59 PM | 10 Nov 2023 3.21(1.66%) Tech Mahindra. Share Price 1138.15 03:59 PM | 10 Nov 2023 14.21(1.26%) Tata Consumer Products. Share Price 912.70 03:59 PM | 10 Nov 2023 9.86(1.09%) UltraTech Cement. Share Price … Read more
Mumbai: With the removal of long-term tax benefits on debt mutual funds, affluent investors are turning to alternative private credit investments to enhance debt portfolio returns. On the other hand, the market is also seeing many new entrants, such as Carlyle Group and Nippon Life, which are seeking to leverage the credit demand-supply gap. Market-linked … Read more
“The breadth is also relatively weak and that is the reason you are seeing relatively more wild swings. But given the low leverage positions in the market, the market is obviously very, very light so it has more legs to climb the key levels,” says Sandeep Tandon, CIO, Quant Mutual FundIt seems like new highs … Read more
With the Indian economy growing at a rapid pace, the number of US dollar millionaires in India is expected to more than double by the year 2026, according to Credit Suisse‘s Global Wealth Report 2022. In 2021, India had 7.96 lakh millionaires, which is expected to grow 105 per cent to 16.32 lakh. During the … Read more
Mumbai: The ₹20,557-crore initial public offering of Life Insurance Corporation (LIC) was fully subscribed on Thursday – the second day of the offer. The country’s largest-ever IPO received bids for 16.68 crore shares against the 16.21 crore on offer, according to subscription details on the bourses at 8 PM. The insurer’s policyholders and employees were … Read more
Mumbai: The buoyancy in the primary market continued with the initial public offerings (IPO) of Clean Science and Technology and G R Infraprojects, which closed for subscription on Friday, witnessing strong investor appetite. Clean Science’s ₹1,546-crore issue was subscribed 96 times while the ₹963-crore offering of GR Infra received bids 105 times the issue size. … Read more
Termed reverse arbitrage, the trades exploit spot-futures mispricing due to supply-demand factors like the recent MSCI rebalancing-induced heavy cash buying, or corporate actions that lead to heavy futures selling due to anticipated fall in cash market shares. Synopsis Normally, equity futures trade at a premium to the underlying spot price — called cash and carry … Read more