Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan … Read more
Chief Minister M.K. Stalin receiving a warm welcome in Chicago. Eaton, a global Fortune 500 company specialising in power management solutions, is making a significant investment in Tamil Nadu with the establishment of a new research and development (R&D) and global application engineering centre at Perungudi here. This facility, entailing an investment of ₹200 crore, … Read more
Madhya Pradesh Chief Minister Mohan Yadav along with Union Minister Jyotiraditya Scindia, state Assembly Speaker Narendra Singh Tomar, Adani Ports & Special Economic Zone Ltd CEO Karan Adani and other dignitaries inaugurate Regional Industry Conclave, in Gwalior on August 28, 2024 | Photo Credit: ANI The Adani Group has proposed to invest ₹3,500 crore in … Read more
Sovereign Gold Bonds (SGBs) are currently trading at a premium over their reference prices on exchanges, driven by their tax benefits and attractive coupon rates. With speculation over new issuances in the future, these listed bonds have seen increased demand. By mid-August 2024, the top 15 most liquid SGB series were closing 8% higher than … Read more
Hyderabad: Pulsus Group plans to set up an AI-based pharma healthcare IT hub at Ameenpur in Sangareddy district of Telangana at an estimated cost of Rs 300 crore and a potential to create around 50,000 jobs. Announcing this at the inaugural day of the 73rd Indian Pharmaceutical Congress here on Friday, Pulsus Group CEO & … Read more
While investing, everyone who adheres to a clearly defined rule-based strategy stands a chance to make money. If the rules have stood the test of time, the odds of winning are even higher. Factor-based or smart beta exchange traded funds (ETF) adopt this rule-based approach of portfolio construction. They can be an interesting portfolio candidate … Read more
Shares of Godrej Properties jumped 9.7% in today’s session on BSE to a new all-time high of Rs 2,816.90 after brokerages increased target prices for the stock following a 14% year-on-year (YoY) growth in its consolidated net profit at Rs 471 crore for the quarter ended March 2024. The realty player has clocked the highest … Read more
Muthoot FinCorp Limited has announced XVI Tranche III series of secured, redeemable, non-convertible debentures (NCDs) to raise up to Rs 300 crore, which is within the issue size of Rs 1,100 crore. The third tranche amounts to Rs 75 crore, with a green-shoe option of Rs 225 crore, aggregating up to Rs 300 crore (Tranche … Read more
The Securities and Exchange Commission (SEC) has approved the first batch of exchange-traded funds (ETFs) based on Bitcoin to be listed in the US. This move not only gives US investors easier access but also stronger and regulated crypto market. But what does this mean for Indian investors? Is it possible to invest in a … Read more
The Indian mutual fund industry surpassed Rs 50 lakh crore in assets under management (AUM) in December. However, total inflows into the mutual fund industry fell by Rs 40,685 crore on the back of advance tax payments, regular redemptions from debt funds, and higher equity valuations. Net flows into debt funds were at Rs 75,556 crore, while equity … Read more