News

Debt mutual fund managers decode RBI’s rate hike

"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

RBI hikes repo rate by 0.50% again; what should mutual fund investors do?

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

Merger between LIC Mutual Fund and IDBI MF in advanced stage, says LIC Mutual Fund MD

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

Over 80% urban Indians fear running out of money in retirement

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

HDFC Mutual Fund launches two Smart Beta ETFs

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

ICICI Prudential Mutual Fund launches Transportation and Logistics Fund

"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

Inclusion of India into foreign bond indices could be a mixed blessing

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

My best investment is discipline of investing in equities: Ajay Tyagi of UTI AMC

“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

Want to time the market? Consider Balance Advantage Funds: Suresh Soni

"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

D-Street indices extend slide, decline nearly 1%

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

Thanks to Navi Mutual Fund, you can now invest Rs 10 in a mutual fund

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

Should I sell Aditya Birla Sun Life Tax Relief 96?

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

74% mid cap funds underperformed in seven years; are you investing?

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

Aditya Birla Sun Life Mutual Fund launches Multi-Index Fund Of Funds

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

Invest in equities with confidence, through cycles to realise its full potential: Anoop Bhaskar of IDFC MF

“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 Mutual Fund launches two target maturity index funds

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

Indexation in debt mutual funds, simplified for new investors

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

Should you invest in largecap or flexicap mutual funds?

“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

Manufacturing sector is firing now; look for dips: Pankaj Tibrewal of Kotak MF

“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

Best mutual funds to create Rs 2 crore in 15 years?

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

‘Do not blindly go for a fund that has the lowest expense ratio’

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

Mutual funds rush to launch passive debt funds; 8 NFOs open, 12 more in pipeline

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

Over next few months, volatility to offer natural opportunity for long-term investors: Vinit Sambre

“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

Will these mutual funds help me to build Rs 10 crore?

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

8 ELSS or tax saving mutual funds complete 25 years; 6 offer 15-23% CAGR

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

Nippon India Large Cap Fund: Fund Review

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

RBI may raise repo rate by 50 bps in monetary policy review this week

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

61% equity mutual fund schemes failed to beat benchmarks in five years

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

NFO Review: ICICI Prudential Nifty50 Equal Weight Index Fund

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

Tata Mutual Fund launches CRISIL-IBX GILT Index – April 2026 Index Fund

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

Will these mutual funds offer high returns with safety?

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

Target Maturity Funds offer safety, liquidity, tax-efficiency

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

Falling liquidity brings ultra short-term debt mutual funds in focus

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

Motilal Oswal AMC launches Gold and Silver ETFs FoFs

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

91% large cap funds failed to beat their benchmarks in seven-year horizon

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

My equity allocation is 95%. Should I invest more in debt schemes?

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

After Fed, RBI may hike rates; how will it impact your equity, debt mutual funds?

Fund managers believe that RBI can raise rates by 40-50 bps in the upcoming policy. The Fed rate hike has impacted the global equity markets as well as the bond markets.
2022-09-22T11:32:13+05:30

Fed hikes rates again, warns inflation fight can't be 'painless'

Federal Reserve Chair Jerome Powell warned that the process of conquering the highest inflation in 40 years will involve some pain.
2022-09-22T09:50:35+05:30

Investors betting big on mutual fund SIP; monthly inflows at over Rs 12,000 cr during May-Aug

With this, total inflow has reached to Rs 61,258 crore in the first five months of the current fiscal. This came following an inflow of over Rs 1.24 lakh crore in the 2021-22 financial year.
2022-09-22T09:26:43+05:30

ICICI Prudential Mutual Fund launches Auto Index Fund

The Nifty Auto Index is designed to reflect the behavior and performance of the automobile segment of the financial market.
2022-09-21T17:29:21+05:30

Best time to invest in credit risk funds, but be cautious of risk

Debt fund managers said that it is the right time to invest in credit risk funds because the valuations and outlook are very positive.
2022-09-21T12:03:30+05:30

SBI Mutual Fund launches small cap, mid cap equity index funds

SBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund are open-ended schemes that would replicate the performance of the underlying indices - Nifty Midcap 150 Index and Nifty Smallcap 250 Index, respectively.
2022-09-21T11:11:16+05:30

My first-ever investment was my worst decision; I almost ended up losing all the money: Nilesh Shah

“I have been following a not so disciplined asset allocation because of restrictions of my job, but I have diversified myself in equity, real estate, gold and fixed income. I am largely an equity investor but I have exposure in all the asset classes. I am not able to move from one asset class to another as freely as I would have loved because of the restrictions of my job.”
2022-09-21T10:11:00+05:30

Small cap mutual funds can reward patient investors

There is always a debate on how much diversification is okay in a mutual fund scheme. Nippon India Small Cap Fund holds 147 stocks and Samir Rachh says it is justifiable.
2022-09-21T08:46:38+05:30

What are target maturity funds?

Investors eyeing visible returns, low expenses and a portfolio of high-quality bonds or government securities are buying target maturity funds.
2022-09-21T07:46:29+05:30

ESG is part of sound investment, but has a long journey to make

Navneet Munot and Vetri Subramniam were speaking at the Morningstar Investment Conference, 2022, in Mumbai about sustainable investing.
2022-09-20T16:09:26+05:30

A mutual fund portfolio to create Rs 3 crore for retirement

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-20T12:26:52+05:30

US Fed meet today: Will all hell break loose if Powell opts for 100 bps rate hike?

Equity strategist Kranthi Bathini of Wealth Mills Securities opines that the impact of Fed meet’s outcome would be relatively less on India. “We are in a better position fundamentally. We never had zero interest rates and no ultra-loose monetary policies to trouble us. Fed rate hikes impact us as well but to a lesser extent,” he said.
2022-09-20T10:39:49+05:30

Three value funds that offered 15% plus returns since inception

Value funds have been doing really well recently. Three value schemes have completed 25 years in the market.
2022-09-20T10:00:18+05:30

Will I be able to create Rs 10 crore in 22 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-19T09:57:44+05:30

Sebi tightens IPO disclosure rules, OKs pre-filing of offer documents

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

Cos planning for IPOs allowed to submit pre-fill offer document: Sebi

“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

Sebi tightens disclosure norms for IPOs

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

Insolation Energy IPO subscribed 183 times

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

Sterlite Power postpones IPO plans on current market volatility

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

Kanpur-based Lohia Corp files DRHP for IPO

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

Electronics Mart India IPO: All you need to know about the issue

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

Airox Technologies files DRHP with Sebi for Rs 750-crore IPO

​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

Silicon Rental Solutions SME IPO: Price band and other details

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

Enviro Infra Engineers, Udayshivakumar Infra file IPO papers with Sebi

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

Porsche ignites blockbuster IPO, defying market turmoil

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

IPO Tracker: Average listing gain moderates in first half of FY23 to 12%

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 to debut amid market tumult in historic IPO

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

Sebi set to allow confidential pre-filing of IPO documents

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

Cargosol Logistics SME IPO opens. All details here

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 IPO to open on Oct 4; sets price band at Rs 56-59/share

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 IPO to kick off on Oct 4; price band fixed

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

Govt-owned WAPCOS files draft papers for public issue

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

Strong debut by Harsha Engineers, up 36% over IPO

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 Pipe SME IPO to open on Sept 29, price band fixed at Rs 97-100

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 files DRHP with Sebi for IPO; govt to sell 3.25 crore shares

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

After losing one-third of its GMP, will Harsha Engineers surprise investors on listing?

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

Harsha Engineers IPO: Harsha Engineers Grey market premium hints at 50% gain

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

SoftBank slashes IPO-bound Oyo’s valuation to $2.7 billion

​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

Automotive component firm Divgi Torqtransfer Systems files IPO papers with Sebi

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

Pepperfry looks to file draft IPO papers next quarter

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

Bank of America expects Indian IPO market to pick up within six months

“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

Wall Street’s mysterious 2,200% IPOs come from tiny N.J. broker

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

Harsha Engineers IPO Allotment: Here's how to check allotment status & GMP

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

Inox Green Energy gets Sebi approval to float Rs 740-crore IPO

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

Sebi keeps GoDigit IPO in abeyance

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

Sebi puts Fairfax Group-backed Go Digit's IPO in 'abeyance'

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

SoftBank-backed Oyo seeks to resurrect IPO after growth resumes

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

Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO Kailash Tarachandani

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

As US IPO market sinks, listings head to China

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

Harsha Engineers IPO gets 74.7 times subscription

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

Patanjali will launch at least 4 IPOs in next 5 years: Baba Ramdev

Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.
2022-09-16T13:25:09+05:30

Mankind Pharma files DRHP for Rs 5,500 crore IPO

The company’s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.
2022-09-16T12:20:22+05:30

Porsche IPO to comprise 911 million shares in nod to its most famous model

Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.
2022-09-16T11:16:41+05:30

TMB makes muted debut on listing day at IPO price

The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.
2022-09-16T07:25:20+05:30

Govt drafts rules for IPOs of regional rural banks

RRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.
2022-09-15T16:50:01+05:30

Harsha Engineers IPO subscribed 4.32 times on day 2 so far

The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.
2022-09-15T13:28:55+05:30

Tamilnad Mercantile Bank shares list at 3% discount to IPO price

Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.
2022-09-15T10:02:20+05:30

CIEL HR services expects to file DRHP by Q1 of next fiscal: Official

"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.
2022-09-14T19:36:28+05:30

Harsha Engineers IPO sails through on Day 1 of bidding process

The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.
2022-09-14T12:19:37+05:30

Harsha Engineers IPO kicks off: Should you subscribe?

The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.
2022-09-14T10:06:41+05:30

Navi Technologies gets Sebi nod for initial public offering

Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.
2022-09-12T18:54:42+05:30

Sector leader Harsha Engineers' IPO makes for a good long-term bet

The operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The company’s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.
2022-09-12T13:57:12+05:30

Tamilnad Mercantile Bank IPO: Here's how to check allotment status and GMP

The company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.
2022-09-10T13:20:49+05:30

Harsha Engineers IPO to open Sep 14, price band set at Rs 314-330/Share

In the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.
2022-09-10T08:10:47+05:30

View: RBI strikes a right balance between growth and inflation

The rate hike was decided by a majority of 5 out of 6 members. The policy pegged India's GDP growth at 7% during the financial year 2023 and maintained inflation at 6.7% for the same period. Going forward, RBI will remain resolute and continue with its efforts to ensure price stability as well as financial stability, while supporting growth.
2022-10-01T00:55:25+05:30

EMIs to pinch more, could hit consumption, loan demand

On Friday, RBI announced another 50 basis points increase in its benchmark repo rate, which is likely to be passed on by banks to individual borrowers just like it has been over the last five months. As a result, home, car and loans for personal consumption are set to get costlier. One basis point is 0.01 percentage point.
2022-10-01T00:21:05+05:30

Fiscal deficit for April-August at 32.6% of full-year estimate

The government's fiscal deficit at the end of August was 32.6% of the full year estimate, in line with 31.1% deficit last year during the same period. In absolute terms the fiscal deficit for April-August was ₹5.41 lakh crore.
2022-10-01T00:16:24+05:30

Reliance Retail to rebrand brand factory stores as fashion factory

The country's largest and most profitable retailer is in the process of converting nearly 90 Brand Factory stores into Fashion Factory outlets that will offer discounts on both leading and its in-house fashion brands throughout the year.
2022-10-01T00:05:32+05:30

Credit rating agencies: Sebi extends deadline for standardised framework implementation till Nov 30

In view of representation received from credit rating agencies, it has been decided to extend the date of applicability of the standardised industry classification to November 30 2022, the Securities and Exchange Board of India (Sebi) said in a circular.
2022-09-30T21:37:14+05:30

Sebi to introduce regulatory framework to facilitate online bond platform providers

This will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by Sebi-regulated intermediaries.
2022-09-30T21:29:52+05:30

Sebi clears proposal to bring buying, selling of mutual fund units under insider trading rules

Sebi's latest decision follows the Franklin Templeton episode, in which the fund house's few executives were accused of redeeming their holdings in the schemes ahead of the six debt schemes shutting for redemptions.
2022-09-30T21:08:16+05:30

Sebi tightens IPO norms; mandates issuer to disclose offer price based on past transactions

2022-09-30T21:02:27+05:30

Fed seen sticking with rate hikes as inflation stays hot

The Fed got some relief on Friday from a University of Michigan survey that showed consumers see inflation five years from now at 2.7%, its lowest reading of longer-term inflation expectations since April 2021.
2022-09-30T20:32:00+05:30

Cos planning for IPOs allowed to submit pre-fill offer document: Sebi

“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

Gas prices hiked 40%; CNG, PNG to cost more

Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to USD 12.6 per mmBtu from USD 9.92, the order said.
2022-09-30T20:05:28+05:30

Sebi withdraws minimum shareholding rule for non-promoters in OFS

Further, the regulator allowed retail investors to bid for the unsubscribed portion of the institutional segment in the offer for sale, it said in a release.
2022-09-30T19:50:12+05:30

Sebi bars entities, individuals for unauthorised advisory services

The direction came after complaints against 15 entities, who were allegedly involved in the activities of rendering investment advisory for the period April-November 2019 without obtaining requisite registration from the market watchdog.
2022-09-30T19:48:23+05:30

Sebi extends two-factor authentication for mutual fund subscription transactions

At present, all asset management companies (AMCs) are required to authenticate redemption transactions using two-factor authentication for online transactions and signature method for offline transactions.
2022-09-30T19:44:37+05:30

Market Watch: Bottom reversal for Nifty around 16,800

2022-09-30T19:30:31+05:30

8 stocks touch new 52-week high as bulls cheer RBI rate hike​

2022-09-30T19:23:37+05:30

Sebi to auction properties of Saradha Group of Companies on November 1

The total reserve price of these properties is pegged at about Rs 30 crore and the regulator has appointed C1 India as the e-auction provider. Online registration and e-auction will be conducted through Quikr Realty.
2022-09-30T19:17:56+05:30

Bajaj Electricals shares rally over 7% on Rs 332-cr order win from Power Grid

Domestic brokerage house ICICI Direct is bullish on the company’s prospects.
2022-09-30T19:15:54+05:30

Wall Street keeps stocks down, dollar up on inflation

The Dow Jones Industrial Average fell 0.65%, to 29,034.83, the S&P 500 lost 0.61%, to 3,618.17 and the Nasdaq Composite dropped 0.53%, to 10,681.01.
2022-09-30T19:14:48+05:30

Sebi extends two-factor authentication for mutual fund subscription transactions

At present, all asset management companies (AMCs) are required to authenticate redemption transactions using two-factor authentication for online transactions and signature method for offline transactions.
2022-09-30T19:12:38+05:30

Sebi tightens disclosure norms for IPOs

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

Sterlite Power defers IPO, says market conditions unfavourable

“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

Tech View: Nifty trading range between 16,500-17,600. What investors should do on Monday

On the weekly chart, the index formed a small negative candle with a long lower shadow, which suggests the formation of a bullish hammer-type candle pattern at the lows.
2022-09-30T18:55:51+05:30

Gainers & Losers: Bajaj Finance, PNB among 7 stocks in limelight today

2022-09-30T18:16:49+05:30

9 firms see over 20% sales, profit growth in Q2 of last 2 yrs; 7 stocks double in value

​We considered only companies with a market cap of over Rs 2,500 crore, (Data Source: ACE Equity). Here are the key strong points of the stocks according to Trendlyne.com SWOT analysis.
2022-09-30T18:01:19+05:30

Will securitisation of stressed assets meet with better luck? Here’s what Ashwini Kumar Tewari has to say

“On the stressed asset side, I think it is a good move because while we have tried everything and nothing has succeeded 100%, nothing has failed 100%, too. If we have more alternatives like the Western markets, I think that will be a good move. Right now, a lot of assets are classified as fraud because of the fund division. Those cannot be sold through the NCLT route. ”
2022-09-30T17:58:33+05:30

​Explainer: How to know when a recession has begun

2022-09-30T17:35:39+05:30

Insolation Energy IPO subscribed 183 times

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

Sterlite Power postpones IPO plans on current market volatility

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

Stock market update: Sugar stocks up as market rises

The 30-share BSE Sensex closed up 1016.96 points at 57426.92
2022-09-30T16:56:18+05:30

Sensex rises! These stocks rallied over 15% on BSE in today's trade

In the Nifty50 index, 41 stocks closed in the green, while 9 stocks ended in the red.
2022-09-30T16:51:11+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 276.25 points up at 17094.35
2022-09-30T16:40:58+05:30

Stock market update: Nifty Auto index advances 1.62%

The Nifty Auto index closed 1.62 per cent up at 12699.3.
2022-09-30T16:35:52+05:30

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

GPT Infraproj, Trans & Rectif, Insecticide Ind, RPG Life Sci and Lancer Container Lin, hit their fresh 52-week highs during the day.
2022-09-30T16:30:46+05:30

Sensex rises! But these stocks fell 5% or more in Friday's session

In the Nifty pack, 41 stocks closed in the green, while 9 stocks ended in the red.
2022-09-30T16:25:39+05:30

Stock market update: Power stocks up as market rises

The 30-share BSE Sensex closed up 1016.96 points at 57426.92
2022-09-30T16:20:33+05:30

Stock market update: FMCG stocks up as market rises

The 30-share BSE Sensex closed up 1016.96 points at 57426.92
2022-09-30T16:15:28+05:30

Sensex snaps 7-day losing streak, gains 1017 pts; Nifty nears 17,100; banking stocks rally post rate hike

2022-09-30T16:15:25+05:30

Arvind Smartspaces jumps over 4% as frim to consolidate partnership interest in AEI

At 3:08 pm, the stock was trading at Rs 245 on BSE, up 3%. It hit the day's high of Rs 249 on BSE. The stock has been on an uptrend for the last three months, recording gains of nearly 58%.According to the company’s BSE filing, the realty player approved the consolidation of the partnership interest.
2022-09-30T16:10:39+05:30

Stock market update: Fertilisers stocks up as market rises

The 30-share BSE Sensex closed up 1016.96 points at 57426.92
2022-09-30T16:10:22+05:30

Bears take a breather as Sensex snaps 7-day losing streak after RBI rate hike

The 30-share Sensex ended 1,016 points higher at 57,426. Its broader peer, Nifty50, ended at 17,094, up 276 points.
2022-09-30T16:06:48+05:30

Stock market update: Mining stocks up as market rises

The 30-share BSE Sensex closed up 1016.96 points at 57426.92
2022-09-30T16:05:16+05:30

Despite wiping out 70% value from IPO price, JP Morgan see 60% upside in Paytm

JP Morgan estimates an incremental contribution margin of 60 per cent, suggesting scope for further improvement and Q2 earnings print on loss reduction rate will be a key catalyst. It said that the financial services business remains a key value driver.
2022-09-30T16:01:29+05:30

Stock market update: Nifty Pharma index advances 0.76%

The Nifty Pharma index closed 0.76 per cent up at 12971.9.
2022-09-30T16:00:09+05:30

Nithin Kamath on why there's no need to actively track US markets at night

The US Fed has hiked interest rates five times so far this year by 300 basis points while RBI increased the repo rate by 190 basis points, which could lead the Indian market to turmoil, yet domestic markets performed better than the US and other global economies.
2022-09-30T15:57:21+05:30

Always keep some squirrel cash handy and deploy on market correction: Niteen Dharmawat

“There are multiple areas where we find opportunities. Auto ancillary and real estate, financials both private as well as public sector banks, palm oil have corrected a lot. Fall in palm oil prices mean all food processing companies have become really attractive. Defence stocks are attractive as are education book publishing companies.”
2022-09-30T15:57:17+05:30

Rupee ends volatile week on strong note after RBI raises rates

The RBI's monetary policy committee raised the repo rate to 5.90%, its fourth hike in the current cycle, as India's annual inflation rate came above the central bank's target band for the eighth consecutive month in August, driven by surging food prices.
2022-09-30T15:48:17+05:30

Expect inflation to come down to target of 4% in 2 years: Guv

The consumer price index measured inflation printed 7% in August versus 6.71% a month ago.
2022-09-30T15:46:30+05:30

This largecap auto ancillary player will trade ex-bonus on Monday; stock gains over 3%

Samvardhana Motherson International, formerly Motherson Sumi Systems, is a largecap company with a market capitalization of over Rs 49,000 crore. The company is into manufacturing components for the transport and automotive industries.
2022-09-30T15:24:54+05:30

Gold gains Rs 406; Silver jumps Rs 905

"Along with the COMEX spot gold prices, domestic gold prices gained for the second day in a row as the dollar index and US treasury bond yield pullback from a recent high," said Dilip Parmar, Research Analyst at HDFC Securities.
2022-09-30T15:08:57+05:30

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