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Tata Nifty Midcap 150 Momentum 50 Index Fund will invest in securities covered by NIFTY Midcap 150 Momentum 50 Index with 95%-100% allocation, debt and money market instruments upto 5% allocation and will be benchmarked against NIFTY Midcap 150 Momentum 50 Index (TRI).
2022-10-04T14:52:34+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-10-04T14:29:11+05:30


Four Quant Mutual Fund schemes - Quant Tax Plan, Quant Active Fund, Quant Small Cap Fund, and Quant Mid Cap Fund - are occupying the top slots among all equity MFs in the five-year horizon.
2022-10-04T12:56:40+05:30


Major banks like Credit Suisse, Swiss Bank and Deutsche Bank shares fell drastically amid rumors that European banks are under critical stress. Credit Suisse’s share price fell by 10% in a single day, Deutsche Bank shares fell by 5%.
2022-10-04T10:51:28+05:30


"When I am looking at it as an investor, I would see whatever I am following that strategy consistently and just sticking to one strategy or not. So whatever decision one makes, whether it is an active fund, whether it is passive, inactive – it may be in various styles which are there, whatever is the strategy one chooses, following it consistently would be more important than trying to look at what is working now versus others."
2022-10-04T10:11:00+05:30


IDFC Mutual Fund has launched the IDFC Transportation and Logistics Fund, an open-ended equity scheme that will invest in the transportation and logistics sector, intending to benefit from the multi-year growth opportunity in the mobility services sector.
2022-10-04T09:48:24+05:30


“When the Nifty was close to 15,200 in May, even then we talked about how we will see a new high in the current financial year and as early as the current calendar year. I still maintain that because the current narrative which is getting built is turning out to be extraordinarily cautious.”
2022-10-04T09:01:00+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-10-03T14:27:37+05:30


An analysis of trailing returns in the five years showed that only 2 out of 15 schemes underperformed their benchmarks. In the seven-year horizon, only 2 schemes out of 14 schemes fared poorly.
2022-10-03T11:36:18+05:30


ICICI Prudential Nifty SDL Dec 2028 Index Fund invests in the constituents of Nifty SDL Dec 2028 index while ICICI Prudential Nifty G-Sec Dec 2030 Index Fund invests in the constituents of Nifty G-Sec Dec 2030 Index.
2022-10-03T10:26:20+05:30


The fund regained its consistency in outperformance soon after the current fund manager took over its reins. However, it has experienced a dip over the past year as the market preferences shifted away from growth.
2022-10-03T06:30:00+05:30


A missed SIP instalment happens when there isn’t sufficient balance in the account.
2022-10-03T06:30:00+05:30


High cash positions in an equity fund can pay off for investors, but only up to a point.
2022-10-03T06:30:00+05:30


The infrastructure sector has done very well in the past 6-12 months. The category average returns of infrastructure sector funds in the past six months and one year is the highest among the equity diversified funds (large, mid, multi and small cap).
2022-10-03T06:30:00+05:30


"Overall, the monetary policy is not as hawkish as the market expected. Global adverse development has been acknowledged but RBI monetary policy stance is predominantly domestic driven. Rates market should take this positively and should trade in a range”.
2022-09-30T12:46:24+05:30


The RBI has raised the repo rate by 50 basis points to 5.9%. Hardening interest rates are likely to dampen the sentiment in both the stock and debt market. The RBI has raised the repo rate by 50 basis points to 5.9%.
2022-09-30T11:13:45+05:30


According to reports, there were two attempts to sell IDBI Mutual Fund that could not be successful, and it resulted in the merger with a company owned by the same parent.
2022-09-30T09:31:25+05:30


The second edition of the IRIS shows that 59% urban Indians believe their savings won’t last even 10 years in retirement. The survey had 3,220 respondents across 28 cities, including six metros.
2022-09-29T16:45:47+05:30


Smart Beta investing involves stock selection and weighting based on factors, rather than size, as defined in the underlying index methodology by NSE Indices Limited (NIFTY 50).
2022-09-29T12:11:10+05:30


"With muted performance in the last couple of years, we believe the theme is coming out of the woods and there are more legs to recovery,” says Chintan Haria, Head - Product Development and Strategy, ICICI Prudential AMC.
2022-09-29T12:07:42+05:30


India opening up not only benefits India to diversification but also helps global investors with diversification in their portfolio.
2022-09-29T10:52:59+05:30


“I would say more than any material financial goals like buying a house, buying a car, funding a child’s education, my biggest financial goal was to gain some amount of independence, some amount of mental security. My investment portfolio has done just that. My worst investment in a way came in the first couple of years where I invested into bonds because I wanted to save tax but from a slightly longer term perspective, that did not provide the returns which the other asset class like equity has provided.”
2022-09-29T09:01:00+05:30


"Equity funds continue to witness healthy flows. SIPs remain popular and continue to grow, both in terms of a number of accounts as well as gross amounts. Recent mutual fund NFOs, including our Flexi cap fund, have seen healthy inflows. The Debt funds’ AuM - ex overnight and liquid funds, has actually shrunk. Investors with a medium-term horizon should consider short to medium-term funds and credit risk funds."
2022-09-29T09:00:00+05:30


The Indian rupee slipped to its fresh all-time lows of 81.94 ahead of the Reserve Bank of India's policy announcement on Friday, when the central bank is expected to raise rates.
2022-09-29T06:36:02+05:30


Navi Mutual Fund has reduced the minimum application amount across its schemes to Rs 10.
2022-09-28T15:24:32+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-28T14:24:05+05:30


The mid cap category has also underperformed its benchmark in both the five and seven-year horizons.
2022-09-28T13:29:11+05:30


A multi-index fund of funds invests in passively managed instruments such as ETFs and Index Funds of equity and equity-related instruments (domestic index funds & ETFs as well as overseas ETFs ), fixed income securities, Gold / Silver.
2022-09-28T11:52:26+05:30


“Returns from April 2020 are clearly unsustainable and should not be used as a referral point for future. Given the liquidity equity and especially equity mutual funds offer should also be an integral part while allocating for the future,” says Anoop Bhaskar.
2022-09-28T09:52:05+05:30


Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 & Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund will invest in a mix of Indian Government Bonds (IGBs) and State Development Loans (SDLs).
2022-09-28T09:21:38+05:30


One reason why rich investors prefer debt mutual funds is the benefit of indexation available, a facility not available with both bonds and fixed deposits.
2022-09-28T09:12:27+05:30


“Even if the investor skews his portfolio to a flexicap category, be rest assured that he or she will have at least 60-65% in the largecap more or less. But if he or she is skewing it to a smallcap category, I would be a little worried from a risk and volatility standpoint. Second, in the flexicap category, the average alpha generated is 5.31% whereas in the largecap category, it is 2.38%.”
2022-09-28T09:01:00+05:30


“Across the sectors, we are sensing that whether it be SME, whether it be medium size, whether it be large corporates, all companies across the value chain are saying that the demand momentum is extremely strong. So manufacturing remains a medium to long-term theme and after a long time, apart from the consumption engine, the manufacturing engine is firing in my view.”
2022-09-27T12:35:27+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-27T10:22:17+05:30


Investors eyeing to make the most of this amazing India growth story, investing in mutual funds through actively or passively managed schemes seem to be an ideal strategy.
2022-09-27T07:55:24+05:30


Fund houses have filed drafts for as many as 12 new passive debt funds with the Securities and Exchange Board of India. ABSL Mutual Fund and HDFC Mutual Fund are leading with the maximum number of drafts.
2022-09-27T07:15:44+05:30


“One should remain invested and six months from now, if one is unhappy, then one must extend the time horizon as it is going to be a good journey. There could be one-off events which will keep hurting or impacting the markets but one has to stay invested in equities. This is a good time over the next four, five years.”
2022-09-26T13:31:31+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts
2022-09-26T13:06:37+05:30


The ELSS category manages a whopping Rs 1.5 lakh crore, as on August 31. These schemes have come a long way from offering a maximum tax deduction of Rs 10,000 in a financial year in 2006 to Rs 1.5 lakh today.
2022-09-26T11:13:19+05:30


While it boasts a strong track record over market cycles, this performance is often accompanied by higher volatility than many of its peers.
2022-09-26T06:30:00+05:30


According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth of the world's fifth-largest economy.
2022-09-26T06:21:49+05:30


Not only large cap funds, but most other equity mutual fund categories faltered in beating their respective benchmarks in the five and seven year horizons. Here's our analysis.
2022-09-23T15:07:52+05:30


Nifty 50 equal weight index concentrates on sectors like financial services, automobile and automotive components, FMCG, healthcare and IT
2022-09-23T14:13:59+05:30


The exit load is 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re 1 thereafter.
2022-09-23T11:28:57+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-23T09:49:42+05:30


TMFs are passively managed open-ended debt mutual funds that track a benchmark bond index with a pre-defined maturity date. To understand better, you can compare these funds to traditional investment avenues such as fixed deposits (FDs).
2022-09-23T09:38:42+05:30


Liquidity in the banking system has slipped into deficit for the first time in three years. Shrinking liquidity and a pick-up in credit demand are expected to result in short-term interest rates firming up.
2022-09-23T07:23:24+05:30


The scheme will generate returns by investing in units of Gold and Silver ETFs; the daily weights shall be market driven with the starting (NFO) allocation of 70:30.
2022-09-22T14:50:13+05:30


Among equity mutual funds category, the large cap category was the worst hit. Around 91% of the schemes underperformed in the seven-year horizon.
2022-09-22T12:51:23+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-22T12:22:13+05:30


On the daily charts, the Nifty formed a long bullish candle as it ended with a gain of 387 points. The index has been forming higher bottoms for the last two sessions, indicating the continuation of the uptrend in the near future.
2022-10-05T19:37:01+05:30


The recommendation from the cartel’s Joint Ministerial Monitoring Committee will be discussed by ministers later on Wednesday before they make a final policy decision, delegates said, asking not to be named because the information is private.
2022-10-05T19:13:55+05:30


The Dow Jones Industrial Average fell 238.0 points, or 0.78%, at the open to 30,078.36. The S&P 500 fell 37.7 points, or 0.99%, at the open to 3,753.25​, while the Nasdaq Composite dropped 153.7 points, or 1.38%, to 11,022.672 at the opening bell.
2022-10-05T19:04:14+05:30


Prabhudas Lilladher has a buy rating on the stock with a target of Rs 847, a potential upside of nearly 17.84% from the current market price of Rs 718.75. The brokerage expects revenue to grow by 48%, driven by improved throughput and a favourable base.
2022-10-05T17:31:28+05:30


2022-10-05T17:02:08+05:30


He said there is intense competition going forward because when global central banks are fighting inflation, commodities do not do well. "Commodities in general and metals are underweight, and steel and metal stocks are sell-on-rise."
2022-10-05T16:32:04+05:30


The rally in the global markets was triggered by an unexpected slowdown in the US Manufacturing PMI, which gave hope that the US Fed would slow the pace of policy tightening. Following suit, US bond yields fell in tandem with the US dollar.
2022-10-05T16:19:54+05:30


“Some of our high conviction buy ideas as of now are: M&M, Eicher Motors, Titan, ITC, Oberoi Realty, HAL, Bajaj Holdings, ICICI Bank, Axis Bank, Bank of Baroda, Kirloskar Oil Engines," says Gaurav Dua - SVP, Head - Capital Market Strategy – Sharekhan
2022-10-05T15:54:57+05:30


Those issues will keep China from outperforming over the next 12 months even as it is likely to participate in an EM rebound due to its oversold state and low valuations, Morgan Stanley said.
2022-10-05T15:40:55+05:30


Having a will, though not necessary, is very helpful. Especially in cases of immovable assets like property or land, in case of a will, a probate is needed, and if a person passes away without it, a succession certificate would be required.
2022-10-05T15:26:54+05:30


Standalone revenue from operations for the quarter ended September 30, 2022, stood at Rs 10,384.66 crore, it said in the regulatory filing on Monday. It had a total of 302 stores at the end of September.
2022-10-05T14:39:24+05:30


Oil prices surged this summer as markets worried about the loss of Russian supplies from sanctions over the war in Ukraine, but they slipped as fears about recessions in major economies and China's COVID-19 restrictions weighed on demand for crude.
2022-10-05T14:31:56+05:30


2022-10-05T13:43:06+05:30


Tesco fell 1% after Britain's biggest retailer forecast full-year core profit to be around the lower end of its previous guidance, saying there were significant uncertainties over the macro outlook.
2022-10-05T13:29:29+05:30


The resilience shown by Indian equities to withstand global shocks does put them on a better foot, but analysts are of the view that profits should be booked in the midcap and smallcap space now.
2022-10-05T13:26:49+05:30


Headline indices in India declined about 4% in September, but this was far lesser than the steeper cuts seen by its developed and emerging market peers. Thanks to the continued inflows from domestic institutional and retail investors, Indian equities managed to be an outlier. DIIs net bought Indian equities worth more than Rs 15 crores in September.
2022-10-05T13:18:58+05:30


2022-10-05T12:24:40+05:30


The Reserve Bank of Australia may have slowed the pace of its interest rate hikes, but it's unclear whether the U.S. Federal Reserve will follow, said Masahiro Yamaguchi, head of investment research at SMBC Trust Bank. "We still need to watch for economic data and statements from Fed officials.
2022-10-05T12:10:01+05:30


Saving is the aim of financial planning. Every month you should start saving money before making any expenses. Aim to save at least 20% of your disposable income. Without mandatory savings, all your income becomes disposable.
2022-10-05T12:07:58+05:30


The stock has a major presence in the brandy market. The company has seen a turnaround from a Rs 38 crore loss last year to a Rs 45 crore profit this year and I expect it to report Rs 75 crore profit now, Maheshwari said.
2022-10-05T12:03:45+05:30


Oyo said its total number of 'storefronts' was down at 1,68,012 in the quarter ended June 30, 2022 from 1,68,639 as on March 31, 2022 due to a decrease in the number of hotels to 12,668, sequentially down from 17,994 in the fiscal ended March 31, 2022.
2022-10-05T11:34:04+05:30


IT stocks were the worst hit as the BSE IT index slumped over 22% during the period amid worries around the impact of the recession on margins as well as demand. The realty index was hit equally badly as interest rates began to rise.
2022-10-05T11:15:41+05:30


2022-10-05T10:44:17+05:30


Brent crude rose 11 cents to $91.91 a barrel at 0001 GMT, after climbing $2.94 in the previous session.
2022-10-05T10:43:54+05:30


Lastly, we have a moderate investment portfolio wherein the risk taken by investors is medium. He will want to invest in a combination of risky and safer investments. Of the total investment, 40% would be in equities and 50-60% would be in fixed income and gold. In addition, for new investors we would not suggest investing in real estate as the ticket size is large.
2022-10-05T10:36:55+05:30


The largest IPO during this period, also the largest Indian IPO ever, was from LIC for Rs 20,557 crore. This was followed by Delhivery (Rs 5,235 crore) and Rainbow Children's (Rs 1,581 crore). Only 1 of the 14 IPOs (Delhivery) was from a new age technology company (NATC), pointing toward the slowdown in IPOs from this sector. The average deal size was a high Rs 2,533 crore.
2022-10-05T10:22:19+05:30


Fast Retailing Co Ltd rose 1.13% and had the biggest positive impact on the Nikkei after announcing an 11% year-on-year sales increase at domestic Uniqlo stores. The number of customers declined 2.9%, but average spend was up 14.4% due to price increases and stronger sales of fall/winter items.
2022-10-05T10:08:40+05:30


"Global financial markets have staged a sharp recovery buoyed by expectations that central banks may follow the RBA's lead and ease the pace at which they tighten monetary policy," ANZ analysts said.
2022-10-05T10:02:35+05:30


Musk has been locked in a bitter legal battle with Twitter since announcing in July this year that he was pulling the plug on the USD 44-billion purchase of Twitter, following a complex courtship.
2022-10-05T09:53:45+05:30


Sebi said it has banned Gautam Thapar, Avantha Holdings, Action Global and Solaris Industrial Chemicals from the securities markets for 5 years. A fine of Rs 10 crore has been imposed on Thapar, while the three other entities have been slapped with a penalty of Rs 5 crore each.
2022-10-05T09:47:08+05:30


Investors can bid for a minimum of 185 shares and in multiples of 185 shares thereafter. The issue is an offer for sale of up to 3.87 shares by the company's promoters and existing shareholders.
2022-10-05T09:36:50+05:30


Kim believes that in the current inflationary environment and amidst rising interest rates, generating alpha from their traditional investments is becoming hard for ordinary investors. Given this scenario, Mirae Asset Mutual Fund will position itself as a differentiated fund house in the Indian market providing solutions in both the active and passive space.
2022-10-05T09:28:22+05:30


Options have become a popular vehicle for retail investors looking to place leveraged bets in hopes of outsized gains. Retail trades are now 35.9% of option premium value traded as against 33.7% in FY22. A number of brokers have introduced low flat fee trade for options on easy-to-use platforms.
2022-10-05T09:20:33+05:30


Credit growth continued to create new high, rising 14.8% year-on-year in August. Services and industry credit led credit growth, followed by agriculture and retail. Retail credit growth remained strong at 19.5%. Within retail, an uptick was seen in consumer durables, credit card outstanding and vehicle loans.
2022-10-05T09:12:08+05:30


2022-10-05T09:00:00+05:30


The company's existing investors like Prosus Ventures and Temasek as well as its founders have subscribed to the issue for shares worth about ₹200 crore, recent regulatory documents sourced from business intelligence platform Tofler showed.
2022-10-05T08:55:23+05:30


2022-10-05T06:00:00+05:30


“India has one of the largest and most liquid onshore bond markets among Emerging Market economies, and over the past two years, the market has made significant strides in easing the access for foreign portfolio investors,” the Wall Street Financial powerhouse said in a separate statement.
2022-10-04T23:06:44+05:30


Musk offered to buy the San Francisco company at $54.20. Shares jumped nearly 13% to $47.95 before trading stopped.
2022-10-04T22:00:27+05:30


According to the statement, T S Global Holdings had entered into an agreement with Oman National Investments Development Company (Tanmia) and the existing shareholders of Al Rimal to transfer its 19 per cent shareholding in Al Rimal to Tanmia.
2022-10-04T20:19:41+05:30


2022-10-04T19:19:54+05:30


The Dow Jones Industrial Average rose 2.8 percent to 30,316.32, while the broad-based S&P 500 jumped 3.1 percent to 3,790.93.
2022-10-04T19:07:29+05:30


Nykaa, with several niche products and a huge addressable market in the fashion segment, will be able to drive the segment’s revenue going forward. Also, the new business initiatives such as NykaaMan and eB2B (Nykaa Superstore) will boost the long-term revenue for the company, the
2022-10-04T19:04:28+05:30


2022-10-04T18:58:02+05:30


Ethereum Towers is a social platform for non-gamers who appreciate the creativity of the metaverse without its complexity. It consists of 4,388 NFT apartments set in the upcoming Ethereum Worlds Metaverse- A social platform built for non-gamers.
2022-10-04T18:56:55+05:30


“The short-term trend of Nifty has turned up sharply after a broader range movement of the last few sessions,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He sees resistance at 17,600 and 18,000 levels in the near term, while the immediate support is at 17,150 levels.
2022-10-04T18:22:36+05:30


The stock market will also remain closed on October 24 and October 26, 2022 to celebrate Diwali and Diwali Balipratipada.
2022-10-04T17:56:59+05:30


The 30-share BSE Sensex closed up 1276.66 points at 58065.47
2022-10-04T17:27:15+05:30


Max Ventures Ind, BSL Ltd, Apar Industries, Upsurge Seeds of Agriculture Ltd. and Power Mech Proj, hit their fresh 52-week highs during the day.
2022-10-04T17:22:07+05:30


The 30-share BSE Sensex closed up 1276.66 points at 58065.47
2022-10-04T17:16:53+05:30


The company’s customer base includes venture capital and private equity investors, investment banks, corporates, government agencies, universities, accelerators and incubators. The customer base increased to 1,139 as of June 30, 2022 from 642 as of March 31, 2020.
2022-10-05T17:54:28+05:30


Oyo said its total number of 'storefronts' was down at 1,68,012 in the quarter ended June 30, 2022 from 1,68,639 as on March 31, 2022 due to a decrease in the number of hotels to 12,668, sequentially down from 17,994 in the fiscal ended March 31, 2022.
2022-10-05T11:34:04+05:30


The largest IPO during this period, also the largest Indian IPO ever, was from LIC for Rs 20,557 crore. This was followed by Delhivery (Rs 5,235 crore) and Rainbow Children's (Rs 1,581 crore). Only 1 of the 14 IPOs (Delhivery) was from a new age technology company (NATC), pointing toward the slowdown in IPOs from this sector. The average deal size was a high Rs 2,533 crore.
2022-10-05T10:22:19+05:30


Investors can bid for a minimum of 185 shares and in multiples of 185 shares thereafter. The issue is an offer for sale of up to 3.87 shares by the company's promoters and existing shareholders.
2022-10-05T09:36:50+05:30


Brokerages remain positive on the issue amid reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition.
2022-10-04T14:00:16+05:30


On Monday, Electronics Mart India allotted 2,54,23,728 equity shares to 20 anchor investors for Rs 59 apiece, aggregating to about Rs 150 crore, the company said.
2022-10-04T10:03:56+05:30


The company's extensive global database and customized solutions and features allow its customers to source and track companies across sectors and geographies to address their requirements.
2022-10-04T08:38:48+05:30


The company’s key customers include BHEL, Coal India, DMRC, EIL, Hindustan Zinc, L&T, NALCO, NTPC, ABB etc. Further, the company caters to marquee customers globally, ranging from the US, UK, UAE, Australia, Qatar, Germany, Belgium, Mauritius, Ethiopia and Kuwait.
2022-10-03T19:53:43+05:30


The IPO is valued at 21.8 times FY22 earnings and less than one times sales. There are no comparable listed peers. Retailers in other consumer segments trade above 50 times annual earnings.
2022-10-03T19:05:19+05:30


Pristine provides logistics infrastructure and services, pivoted around rail transportation networks. It also offers synergetic logistics infrastructure and services across the spectrum, including non-container, container, rail transportation and road transportation services.
2022-10-03T16:39:25+05:30


The company, in consultation with merchant bankers of the issue, may consider a preferential issue or any other method aggregating up to Rs 50 crore. If such placement is completed, the fresh issue size will be reduced.
2022-10-03T13:43:39+05:30


Abhay Doshi, co-founder of UnlistedArena said there are multiple factors which are supporting the prices amid muted sentiments in the secondary markets. "Low pricing, small issue size, decent fundamentals and upbeat listing of recent IPOs have boosted morale in the primary markets, which has translated into the grey market premium," he added.
2022-10-03T12:33:16+05:30


Further, the remaining part of the year 2022 can see more mature companies accessing the platform. Moreover, tech-based and larger broking players can play a major role in developing the SME platform, Uday Nair, Director at Fedex Securities, said, adding, "overall the year is good for SME companies looking to raise capital from the exchange".
2022-10-02T12:58:02+05:30


The regulator's board also approved a proposal on the introduction of a new option for the appointment and removal of independent directors and bringing buying and selling by mutual funds under insider trading rules. ET had reported September 29 that the Sebi board would be approving these measures.
2022-10-01T07:07:05+05:30


“Pre-filing of an offer document is a well-established procedure in several international jurisdictions. It is a move in the right direction by the regulator aimed at preserving the confidentiality of nuanced business and financial information from competitors,” said Arka Mookerjee, partner at JSA, a leading national law firm.
2022-09-30T20:30:58+05:30


The Securities and Exchange Board of India said after a meeting of its board that companies would have to disclose key performance indicators, details of pricing of shares based on past transactions and past fund raising from its investors.
2022-09-30T19:04:41+05:30


“Given the volatility in the current markets and the limited window available under the currently filed DRHP, Sterlite Power has decided to withdraw the DRHP. However, it remains observant of the market and will consider re-filing DRHP in the future," said Pratik Agarwal, managing director, Sterlite Power.
2022-09-30T18:55:51+05:30


Manish Gupta, chairman of Insolation Energy, said “the company is overwhelmed by the confidence of the investors shown on us. We are committed to perform and try to match the expectation of our investors. The company will be among top 10 Solar brands in India both in terms of capacity and sales in next two years.”
2022-09-30T17:11:49+05:30


Pratik Agarwal, Managing Director of Sterlite Power, said that given the volatility in the current markets and the limited window available under the currently filed DRHP, it has been decided to withdraw the DRHP.
2022-09-30T16:59:36+05:30


The company will reserve 50 per cent of the net issue for the qualified institutional buyers (QIBs), whereas non-institutional bidders will get 15 per cent shares. The remaining 35 per cent shares will be allocated to the retail bidders.
2022-09-30T15:00:11+05:30


Incorporated in 1980, Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. It operates and manages 112 stores with a retail business area of 1.12 million square feet, located across 36 cities, predominantly in Andhra Pradesh, Telangana and NCR.
2022-09-30T14:31:08+05:30


​According to the DRHP, the company intends to raise Rs 750 crore through its primary offering, which entirely consists of an offer-for-sale (OFS) by its promoters and existing shareholders.
2022-09-30T14:14:55+05:30


SRSL is engaged in providing end to end IT equipment on a rental and returnable basis in India and it serves over 275 customers, across different business sectors, located at over 16 states and three union territories of India, the company said in a press release.
2022-09-29T19:22:12+05:30


The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore.
2022-09-29T18:29:45+05:30


Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros.
2022-09-29T15:45:30+05:30


In comparison to 2021-22, the response of retail investors also moderated, the database showed. The average number of applications from retail dropped to 7.57 lakh, in comparison to 15.56 lakh in 2021-22. The highest number of applications from retail was received by LIC (32.76 lakh) followed by Harsha Engineers (23.86 lakh) and Campus Activewear (17.27 lakh).
2022-09-29T15:13:22+05:30


Porsche was and is the pearl in the Volkswagen Group," Chris-Oliver Schickentanz, chief investment officer at fund manager Capitell, said. "The IPO has now made it very, very transparent what value the market brings to Porsche. That, of course, also has a positive effect on Volkswagen shareholders.
2022-09-29T07:42:27+05:30


The regulator's board, which will meet on September 30, will also clear a proposal to bring buying and selling by mutual funds under insider trading rules; they are currently excluded. The move comes in the wake of the Franklin Templeton episode in which some executives were accused of insider trading.
2022-09-29T06:15:36+05:30


According to the draft prospectus, the proceeds of the issue shall be to purchase vehicles for a commercial purpose; purchase containers for expansion of the non-vessel owning common carrier division; meet working capital requirements; general corporate purpose and meet issue-related expenses.
2022-09-28T20:05:15+05:30


Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics.The company had 112 stores across 36 cities as of August this year.
2022-09-28T18:55:54+05:30


Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. Its offerings include more than 6,000 SKUs (stock keeping units) across product categories from over 70 consumer durable and electronic brands.
2022-09-28T07:55:25+05:30


The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30


Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30


Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30


WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
2022-09-26T12:39:27+05:30


Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.
2022-09-24T10:50:13+05:30


The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.
2022-09-23T14:47:57+05:30


​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
2022-09-23T05:48:27+05:30


Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.
2022-09-22T18:11:12+05:30


Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.
2022-09-22T05:47:24+05:30


“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
2022-09-21T14:36:54+05:30


The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
2022-09-20T14:25:42+05:30


The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).
2022-09-20T12:53:24+05:30


The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.
2022-09-20T09:06:17+05:30


According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.
2022-09-20T06:16:20+05:30


In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.
2022-09-19T18:40:19+05:30


Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.
2022-09-19T11:07:07+05:30


This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.
2022-09-19T09:35:19+05:30


Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
2022-09-18T09:28:28+05:30


The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.
2022-09-17T10:03:44+05:30

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