MF investments stay high despite Dalal Street slide

Indian equity benchmarks have entered a technical correction by dropping more than 10% from their peak levels but investment by domestic mutual funds remained undeterred in April despite rising headwinds for equities. Domestic funds deployed ₹22,371 crore in April, taking the tally of cumulative three-month inflows to ₹73,550 crore in equities, a record high level, … Read more

Rich investors see in Bharat Bond ETF a way to beat FDs

Mumbai: Affluent investors are staggering their investments into the Bharat Bond ETF where they can earn as much as 7.31%. As interest rates rise, these bonds that mature in 2031 and 2032 give them higher returns than a bank deposit and come with a good quality portfolio of PSU bonds, liquidity and a negligible expense … Read more

Yatra Online files preliminary papers for IPO

New Delhi: Leading travel services provider Yatra Online Ltd has filed draft papers with markets regulator Sebi for an initial public offering that includes fresh issue of shares worth up to Rs 750 crore. The initial public offering (IPO) would also have an offer for sale (OFS) of up to 93,28,358 equity shares. According to … Read more

Private sector invests Rs 15,164.25 crore in road construction till November this fiscal

Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, … Read more

Bengal Guv asks Mitra to bring white paper on investments received from business summits

West Bengal Governor Jagdeep Dhankhar on Saturday asked Amit Mitra to come out with a white paper on details of investments received from five editions of Bengal Global Business Summit (BGBS), alleging that the former state finance minister’s “misplaced eloquent economic optical illusions have been a heavy drain on development”. He also questioned why were … Read more

Singapore’s OCBC plans crypto bourse

Oversea-Chinese Banking Corp. is considering whether to set up a crypto exchange as Southeast Asia’s second-largest lender seeks to respond to customer needs, Chief Executive Officer Helen Wong said. “We are looking at it and seriously there are some work being done in the bank,” Wong told Haslinda Amin in a Bloomberg Television interview Friday, … Read more

Revival in investment cycle makes a case for more allocation to infra MFs

Explaining India’s economic structure requires a degree of specialisation qualifying for a Nobel in that discipline. But in the simplest of explainer articles for the man on the street, economists have often argued that consumption – and private capital investments – follow neatly sequenced cycles in this country. That explains why global commentators like Jeffries … Read more

View: As key reforms change the India story, investors need to be made more aware of this change

For more than a decade, India’s efforts to attract FDI have been affected by a misconceived law that enabled certain transactions to be retrospectively taxed. GoI has now repealed the statute on its own sovereign terms, through its own national legislature. Investors can now look again at the world’s largest market opportunity, a view, according … Read more

FPIs invest Rs 8,000 cr in Indian mkts in just four trading sessions

New Delhi: Foreign investors have infused close to Rs 8,000 crore into Indian equities in the first four trading sessions of June as risk-on sentiment improved amid rapidly falling new Covid cases and robust corporate earnings. The inflow comes following a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, … Read more

Not selling glass as diamond; Come, invest & reap rich dividends in Rs 1L cr projects: Jharkhand Govt

Not selling glass as diamond; Come, invest & reap rich dividends in Rs 1L cr projects: Jharkhand Govt

Showcasing Jharkhand as one of the most attractive investment destinations, the state government on Saturday urged industry players to come forward to invest in proposed projects with investment potential of Rs 1 lakh crore and reap rich dividends. Promising that the Jharkhand government did not believe in selling “glass as diamonds”, it said it was … Read more