Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, has made a complete exit from Mazagon Dock from its portfolio in January and has reduced its stake in Cochin Shipyard and HUDCO before Budget.Around 4.21 lakh shares of Mazagon Dock were sold from the portfolio in January. The small cap fund reduced … Read more
Nearly 748 companies will announce their quarterly earnings this week. Key results to watch out include from Asian Paints, Titan, Airtel, Power Grid, Divi’s Labs, Tata Power, Torrent Power, Info Edge, Swiggy, SBI, ITC, Trent, Britannia, LIC, M&M, NHPC, Oil India among others. Here’s what to look forward to on the earnings front: February 3 … Read more
The Indian banking sector continues to demonstrate resilience and adaptability, navigating a dynamic economic environment with steady growth in credit, deposits, and profitability. Despite certain challenges, particularly in the unsecured retail and microfinance institution (MFI) segments, the sector’s overall outlook remains positive, underpinned by strong fundamentals and operational efficiency. Projected credit growth for FY25 is … Read more
Thinking about getting your hands on the iPhone 16? Now might be the perfect time! Amazon has a sweet deal running that makes upgrading more affordable. Here’s the scoop: the iPhone 16, originally priced at Rs 79,900, is now available for Rs 77,900. No extra bank discounts or coupon codes are needed for this base … Read more
The all-familiar vendor’s cries of ‘chaai’ and ‘samosa’ are missing on this train. Instead, words like ‘startup’, ‘business plan’ and ‘SWOT analysis’ are bandied about in the AC chair car coach. Elsewhere, in another, an antakshari is in progress, with participants breaking into a rendition of ‘Kabhi Kabhi’ in unison. Life inside the Jagriti Yatra … Read more
Microfinancing company Muthoot Microfin has commenced the disbursement of loans through its co-lending arrangement with the State Bank of India (SBI), the largest lender in the country. Under the partnership, the SBI has approved a Rs 500 crore limit, to be distributed in increments of Rs 100 crore. The loans, ranging from Rs 50,000 to … Read more
Indian Railway Finance Corporation Share Price 161.43 04:01 PM | 20 Sep 2024 6.19(3.99%) Suzlon Energy Share Price 83.45 03:59 PM | 20 Sep 2024 2.49(3.07%) Indian Renewable Energy Development Agency Share Price 232.37 03:59 PM | 20 Sep 2024 2.37(1.03%) Tata Motors Share Price 970.85 03:59 PM | 20 Sep 2024 3.86(0.4%) YES Bank … Read more
HDFC Pension Fund Management has become the first private sector pension fund manager to surpass Rs 1 lakh crore assets under management (AUM). The assets under management (AUM) of the company have doubled in the span of 16 months, mainly due to a significant 34.1% growth in its subscriber base, which currently exceeds 2.1 million … Read more
The buy-to-sell ratio of equity funds reached an 18-month high of 2.1 in August helped by the new fund offers (NFOs) from sector funds, according to data from the Association of Mutual Funds in India (AMFI). This compares with the long-term average ratio of 1.6. A ratio greater than two indicates that buying inflows are … Read more
Indian equity markets will remain open for trading on Monday, August 26, the day when the country will be celebrating Krishna Janmashtami. Apart from the BSE and the NSE, domestic commodity markets will also see activities at their usual timings. Multi Commodity Exchange of India (MCX), which is the largest non-agri commodity exchange, trades in … Read more