In the realm of investment planning, longevity is a virtue. The journey to financial security once you are near retirement often requires a careful balance of strategy, foresight, and adaptability. In a quest for clarity amidst the retirement planning maze, Gururaj, a 50-year-old investor brimming with aspirations, seeks to grow the portfolio so that he … Read more
Technical indicators suggest a minor oversold condition, potentially leading to a modest rebound this week. However, the overall upward potential appears limited due to the prevailing negative structure with Nifty trading below its 20- and 50-day moving averages, according to technical analysts. Stocks such as Persistent, Axis Bank, TCS, RIL, SBI Cards, Birla Soft, Canara … Read more
The Street saw a host of block deals on Tuesday as both foreign and domestic institutional investors picked up stakes in 360 One, Inox Wind, Bikaji and Minda Corp. Inox WindPromoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price … Read more
India’s leading drone maker Ideaforge has raised about Rs 254 crore from anchor investors ahead of its IPO. The company has allocated 37.92 lakh equity shares in the anchor round at Rs 672 apiece. Some of the leading domestic and foreign investors participated in the round, including Nomura, Invesco, HSBC, ICICI Pru MF, Mirae Asset … Read more
“I believe that we are well positioned to further grow our VNB given the insurance potential and the regulatory developments in the country. So that is how I would summarise the results for this period,” says NS Kannan, MD & CEO, ICICI Pru. You have registered a strong growth this quarter. Your NBP is up … Read more
Domestic PGIM India Mutual Fund has sold its stake in Sagar Cement, while ICICI Pru Mutual Fund bought its shares through a block deal on Tuesday. According to the bulk deal data available with the exchanges, PGIM India MF has sold about 60.3 lakh shares or 4.6% stake in the company, while ICICI Pru MF … Read more
“At some point in time, it was the UK’s largest fund, open-ended fund and we do not have this style of investing in India and this product gap is precisely what we are filling in through this India Opportunities Fund. It is a special situations investing that we follow like I said,” says Roshan Chutkey, … Read more
Japanese promoter company Sumitomo Wiring Systems will likely sell 3.4% stake in Samvardhana Motherson International through a block deal on Thursday, according to reports. The floor price for the deal is fixed at Rs 69.9, which is almost 9% discount to the last price close. Sumitomo Wiring will sell about 230 million shares in the … Read more
The trading activity for the next couple of days would be a bit dull than what we have seen in the last couple of days and that could probably indicate that we may get into a range for the indices, says independent market expert Kunal Bothra. Edited excerpts:RIL is currently around 2800 and its life … Read more
ICICI Prudential Asset Management Company is planning to raise up to Rs 2,000 crore through its maiden credit alternative investment fund (AIF) amid increasing demand for private credit. It will invest in the performing credit space with a credible promoter backing. It will aim to generate an 11-13%internal rate of return (IRR) with a four-year … Read more