News

Quant Mutual Fund schemes fall 2.50-6.28%. What should you do?

Quant Mutual Fund had investments in the Adani Group stocks as it follows a quant based investment strategy. Quant Mutual Fund follows the VLRT framework.
2023-02-06T14:24:44+05:30

Aditya Birla Sun Life Flexi Cap Fund: Fund review

While the fund’s longer term track record in the hands of its long serving fund manager is healthy, its performance has dipped since 2020, when value style gained favour over growth.
2023-02-06T06:30:00+05:30

Debt mutual funds get a passive makeover; will this make it compelling alternative to bank FDs?

Newest offering boasts sovereign credit profile and low expense ratio.
2023-02-06T06:30:00+05:30

PGIM India Mutual Fund launches PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund

The investment objective of the scheme is to generate returns that correspond to the total returns of the securities as represented by the CRISIL IBX Gilt Index - April 2028 (before fees and expenses), subject to tracking errors.
2023-02-03T10:55:41+05:30

Mirae Asset Mutual Fund launches Mirae Asset Flexi Cap Fund

The flexi cap fund will invest across market capitalisation—large cap, mid cap and small cap, thus offering a large investment horizon to help investors capture the growth curves across sectors.
2023-02-03T10:48:54+05:30

Hold a judicious mix of assets to ride out the ups and downs, unpredictability

Restrictive Rates or Rate Cuts, what will happen in 2023? Investors, analysts, and money managers seem to be divided over whether monetary conditions in the world’s largest economy would stay tight in 2023 till inflation comes down or loosen up to support slowing growth.
2023-02-03T10:17:10+05:30

Could Fed pause rate hikes in March or at least May? Mahendra Jajoo explains

"There is a little bit of disconnect between the market and the Fed because the market is watching the inflation numbers coming down and the market is also factoring in the fact that the factors which were contributing to inflation have also begun to ease. For example, the natural gas prices which have gone to a high of $9 plus are now at about $2.5."
2023-02-03T09:58:08+05:30

Spooked by Adani pack, FIIs find comfort in safe consumption stocks: Sunil Subramaniam

“Internationally, there is going to be a slowdown but India is going to be a growth economy. And from that point of view, I do not think that growth not getting respect right now in today's market is going to be a very long lasting phenomenon. There is a temporary reallocation into safety.”
2023-02-03T09:09:43+05:30

Budget 2023: Will taxation on high value insurance be positive for debt mutual funds?

​Mutual fund managers believe that the high net worth individuals can use debt mutual funds instead of these insurance products.
2023-02-02T14:09:54+05:30

How your mutual funds performed after Budget 2023?

Most equity mutual fund categories lost 0.01-2.68% on the budget day. Only the technology fund category gained 0.67%.
2023-02-02T13:56:33+05:30

Nippon India Mutual Fund launches Nifty SDL Plus G-Sec – Jun 2029 Maturity 70:30 Index Fund

The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. Index shall mature on June 29, 2029 and hence has a defined maturity date.
2023-02-02T12:19:57+05:30

New income tax regime: Will ELSS mutual funds lose their charm?

Financial advisors say most new taxpayers are likely to opt for the new regime as it allows them to pay taxes easily, without elaborate tax planning. The old regime calls for meticulous planning through the year if one wants to avoid the last minute rush.
2023-02-02T11:32:13+05:30

Budget 2023: Market to remain volatile till relative valuation of India is more comfortable: S Naren

“FII exodus has come out of the relative valuation of India versus the world and this Budget was not something that could have completely changed sentiment because the government has to do fiscal consolidation. They have to stimulate growth and they have done both. This is the reason why the immediate reaction has been positive but the Budget cannot change market valuations.”
2023-02-01T16:13:00+05:30

Mutual funds have low exposure to Adani companies

Adani Enterprises and Adani Port are constituents of the Nifty 50, so they are automatically in portfolios of some exchange-traded funds (ETFs) and index funds. But active funds have very little exposure to Adani stocks and are largely unscathed by their fall.
2023-02-01T15:27:54+05:30

Five prominent mutual fund managers decode Budget 2023

"The Union Budget has a dual focus on growth and fiscal consolidation. The fiscal calculation is based on a nominal GDP growth projection of 10.5% which is credible. At the same time, the fiscal deficit target at 5.9% is largely in line with our estimates while the borrowing amount is slightly below our expectations."
2023-02-01T14:42:21+05:30

Budget 2023: Debt mutual funds to gain from government’s lower fiscal deficit, borrowing numbers

To finance the fiscal deficit in 2023-24, the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore.
2023-02-01T14:29:51+05:30

Sebi to be empowered to enforce norms, standards for education at NISM: FM

Globally, Sebi-run NISM is one of the largest financial market certifying institutions, issuing over 20 programme certificates covering various critical market functions such as sales, advice, operations and compliance across financial market products such as equities, derivatives of equity, currency, interest rates and commodities, mutual funds and pensions.
2023-02-01T13:36:53+05:30

Budget 2023: Will the government's infra push help infrastructure mutual funds?

Currently, there are 17 mutual fund schemes that invest in the infrastructure sector. Toppers in this category have offered 13-19% returns in one year.
2023-02-01T13:19:21+05:30

How will Budget 2023 impact your mutual funds?

The finance minister did not grant anything from the long wishlist in the budget. Sure, all the spending on infrastructure and sops to MSME would help economic growth and boost the sentiment in the stock market.
2023-02-01T13:03:11+05:30

Redemption of equity mutual funds to be faster

Earlier when you placed a redemption request before the cut-off time on Monday, you would get money on Thursday in your bank account. With the new system, you will get the money a day earlier — on Wednesday.
2023-02-01T09:00:18+05:30

Mutual funds witnessed significantly lower inflows during April-November 2022: Economic Survey

As per AMFI data, growth/equity-oriented schemes and solution-oriented schemes witnessed inflows of Rs 1.53 lakh crore and Rs 1,554 crore respectively.
2023-01-31T16:10:58+05:30

Axis AMC looks to garner Rs 3,000 crore from business cycles fund

The open-ended equity scheme will follow business cycle-based investing theme, the fund house said on Tuesday.
2023-01-31T15:55:03+05:30

Axis Mutual Fund launches Axis Business Cycles Fund

According to the fund house, the domestic economy is in an interesting phase right now. The onset of the Covid 19 pandemic made matters more challenging amid the NBFC crisis pre-pandemic.
2023-01-31T11:18:28+05:30

Do your mutual funds have investments in battered Adani stocks?

ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.
2023-01-31T10:21:24+05:30

Why Target Maturity Funds are ideal for mutual fund investors at this juncture

Inflation in India went up in sync with the rest of the world and in a bid to tame inflation, the Reserve Bank of India (RBI) has raised the policy repo rate by 225 bps from 4% since May 2022 to 6.25% to 6.25% as of December 2022.
2023-01-31T09:43:02+05:30

Sandeep Tandon on Adani effect on market and Budget impact

“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.”
2023-01-30T12:51:29+05:30

Do I need to make changes to my mutual fund portfolio?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-30T11:48:57+05:30

Will Budget 2023 reduce LTCG tax on gold funds and ETFs?

To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG on Gold ETFs and Gold Fund of Funds should be brought down in the Union Budget 2023.
2023-01-30T10:27:08+05:30

Franklin India Bluechip Fund: Fund review

While the fund made a strong comeback in 2021, it slipped again in 2022, lagging the index sharply. This leaves its long term return profile weak, needing a lot of catch-up with index and peers.
2023-01-30T08:45:57+05:30

Has your value mutual fund delivered outsized returns?

Funds with diluted value bias have failed to make most of the current uptick.
2023-01-30T06:30:00+05:30

Equity mutual fund to shift to T+2 settlement cycle from Feb 1

From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.
2023-01-27T19:59:33+05:30

Edelweiss Mutual Fund launches short duration index fund

Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
2023-01-27T13:50:45+05:30

Will these mutual funds help me to retire at 45?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-27T11:49:45+05:30

ITI Mutual Fund launches ITI Flexi Cap Fund

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.
2023-01-27T11:41:45+05:30

Why investors should add flexi cap funds to their portfolio

This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.
2023-01-27T10:35:47+05:30

DLSS in Budget 2023? Should you invest in DLSS or ELSS?

Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.
2023-01-27T10:05:49+05:30

Right mutual funds for a 51-year-old investor

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-01-25T14:24:07+05:30

28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years

The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
2023-01-25T11:58:15+05:30

Will Budget 2023 bring in tax parity between mutual funds and ULIPs?

Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.
2023-01-25T11:23:15+05:30

Should you invest in Equity Savings Funds?

Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.
2023-01-25T08:54:00+05:30

HDFC AMC Q3 Results: Profit up 3% YoY to Rs 369.5 crore

As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.
2023-01-24T16:11:21+05:30

Manish Gunwani appointed as Head-equities at IDFC Mutual Fund

Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.
2023-01-24T15:38:13+05:30

3 ways to reduce financial anxiety in 2023

Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.
2023-01-24T14:44:13+05:30

Fiscal deficit an important variable to track in Budget 2023, say mutual fund managers

According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.
2023-01-24T14:19:37+05:30

Nippon India ETF Nifty PSU Bank BeES, Kotak Nifty PSU Bank ETF offer over 50% returns in one year

Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.
2023-01-24T10:33:11+05:30

Budget 2023 should bring tax parity between mutual funds and NPS

To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.
2023-01-24T10:28:03+05:30

IDFC Mutual Fund in Talks to Hire Manish Gunwani as CIO

The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.
2023-01-24T09:36:05+05:30

Gold ETF Inflow Slumps in 2022 on Rising Prices

"A rising price (of gold) puts some pressure on investors, with people holding back investments."
2023-01-23T10:41:29+05:30

Gold and silver funds offer double-digit returns. Should you invest?

There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.
2023-01-23T10:18:40+05:30

Fund review: PGIM India Midcap Opportunities Fund

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-01-23T06:30:00+05:30

Adani’s Abu Dhabi investor says FPO funds have been returned

The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year
2023-02-02T19:02:08+05:30

Adani Enterprises cancels FPO, to refund investors

"Given the unprecedented situation and the current market volatility the company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction," the company told exchanges after a board meeting Wednesday evening.
2023-02-02T06:54:02+05:30

Adani Enterprises calls off FPO, shares worth Rs 20,000 crore to be returned to investors

2023-02-01T22:57:10+05:30

Adani Enterprises calls off FPO, money to be returned to investors

Citing the unprecedented crash in stock prices, Adani Enterprises Chairman Gautam Adani said the board felt that going ahead with the issue will not be morally correct, given these extraordinary circumstances
2023-02-01T22:32:00+05:30

Adani Enterprises FPO fully subscribed on final day

The flagship entity of the Adani Group got bids for 50.9 million shares against an offer size of 45.5 million shares, excluding the anchor book, at a price range of ₹3,112-3,276 apiece. Adani Enterprises closed 2.8% higher at ₹2,973.90 Tuesday on the BSE, having dropped for two days in a row. The benchmark Sensex ended almost flat Tuesday.
2023-02-01T06:28:47+05:30

Adani Enterprises FPO fully subscribed; Group survives Hindenburg attack with NII support

2023-01-31T15:56:11+05:30

Digit Insurance to revamp $440 mln IPO again after regulator concerns

Such rights allow an employee to receive a bonus equivalent to the rise in the company's stock price over a certain period - something Indian regulations prohibit for companies going public.
2023-01-31T13:20:50+05:30

Bajaj Solutions gets Sebi nod to float IPO

Balaji Solutions' revenue from operations stood at Rs 482 crore in FY22, falling marginally due to normalisation post-easing of Covid-19 lockdown restrictions, while profit for the same period came in at Rs 15 crore.
2023-01-31T13:19:09+05:30

Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO

The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from its fresh issuance worth Rs 86.60 crore will be utilized for funding incremental working capital requirements of the company, and general corporate purposes.
2023-01-31T11:59:52+05:30

Abu Dhabi-based IHC commits $400 million to Adani Enterprises FPO

Additionally, AEL is close to receiving further investment commitments of $1-1.1 billion (around ₹8,100-9,000 crore) from investors in Middle East and Southeast Asia with the announcement expected on Tuesday when the FPO closes, said a person directly aware of the matter.
2023-01-31T06:55:39+05:30

FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 crore

Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing
2023-01-30T17:52:18+05:30

Abu Dhabi’s IHC to invest $400 million in Adani Enterprises FPO

IHC will make the investment through its subsidiary Green Transmission Investment Holding RSC Limited.
2023-01-30T17:00:43+05:30

Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO

2023-01-28T22:37:34+05:30

Adani Enterprises’ FPO gets a muted start

According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.
2023-01-28T09:07:29+05:30

What is an FPO & how does it benefit the company, shareholders?

2023-01-25T13:17:20+05:30

Adani FPO open from Friday: Dates, price band, review, other details in 10 points

The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.
2023-01-25T11:58:15+05:30

PayMate India told to re-file IPO papers with updated info

The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.
2023-01-25T06:28:10+05:30

Hotel development and investment firm SAMHI planning to file revised DRHP

The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.
2023-01-24T10:42:23+05:30

Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers

The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements
2023-01-23T19:36:31+05:30

Reliance Jio, Retail IPOs unlikely this year: JP Morgan

RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.
2023-01-23T13:27:38+05:30

Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 2028

2023-01-21T18:42:18+05:30

Asia’s richest man plans on IPOs for at least five companies

Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.
2023-01-21T17:07:15+05:30

Rashi Peripherals files DRHP to raise Rs 750 cr via IPO

According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.
2023-01-19T19:05:13+05:30

Adani FPO opens Jan 27 at Rs 3,112-3,276 per share

The company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.
2023-01-19T06:54:18+05:30

Tata Tech starts work on IPO to raise up to Rs 4,000 crore

Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.
2023-01-19T06:00:00+05:30

Oyo to refile updated DRHP with Sebi by mid-Feb

The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.
2023-01-18T10:48:48+05:30

Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO

As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.
2023-01-17T20:22:56+05:30

Sebi returns Lava International's draft IPO papers; asks to refile with updates

The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
2023-01-17T19:55:27+05:30

Two pharma companies get SEBI nod to raise funds via IPO

Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.
2023-01-17T17:18:33+05:30

Adani Enterprises to launch Rs 20,000 crore FPO

2023-01-17T10:06:01+05:30

Adani Enterprises files papers for Rs 20,000 crore FPO

The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.
2023-01-17T06:45:25+05:30

IPOs delayed as Dalal Street stays volatile, investors bearish

In the past six months, 27 companies with IPO plans worth ₹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of ₹15,000 crore are set to expire over the next two months.
2023-01-16T06:34:27+05:30

Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO

The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.
2023-01-13T06:22:54+05:30

Cyient unit files DRHP for Rs 740 crore IPO

Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.
2023-01-10T11:00:22+05:30

International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPO

Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.
2023-01-10T06:35:27+05:30

Why SME IPOs are emerging as top fund-raising platform for promoters

For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.
2023-01-08T11:59:34+05:30

JG Chemicals files preliminary papers with Sebi; to raise funds via IPO

Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.
2023-01-06T17:07:32+05:30

IPO tips from Zerodha CEO Nithin Kamath for B2C startups

He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."
2023-01-05T14:00:23+05:30

Radiant Cash lists at over 9% premium to IPO price

Shares of the cash logistics player closed at ₹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.
2023-01-05T06:24:44+05:30

Sah Polymers IPO subscription closes today: Check GMP & other details

The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.
2023-01-04T13:53:16+05:30

Sebi returns OYO's draft IPO papers; asks to refile with updates

The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore
2023-01-03T16:17:23+05:30

Sah Polymers IPO subscription to close tomorrow: Check GMP & other details

The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares
2023-01-03T13:56:50+05:30

IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crore

Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.
2023-01-03T13:53:28+05:30

40 IPOs gave an average listing day gain of 10% in 2022: Report

Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.
2023-01-03T13:49:18+05:30

A lot is riding on Mamaearth's Street debut for FMCG Inc

In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.
2023-01-03T06:17:35+05:30

Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO

Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.
2023-01-02T16:23:01+05:30

Sah Polymers IPO subscribed 2.37 times on Day 2

Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.
2023-01-02T15:56:52+05:30

Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information

Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.
2022-12-31T17:49:43+05:30

2022's last IPO: Sah Polymers issue open from today. Should you subscribe?

Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.
2022-12-30T11:30:50+05:30

KFin Tech closes a tad below issue price on listing day

The stock closed at ₹364 apiece on the BSE, down 0.55% from its IPO price of ₹366. The stock touched a high of ₹372.40 and a low of ₹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.
2022-12-30T06:10:43+05:30

US stocks open lower on Fed fears; Tyson Foods slides

The Dow Jones Industrial Average fell 51.57 points, or 0.15%, at the open to 33,874.44
2023-02-06T20:26:10+05:30

Aditya Birla Fashion among 4 stock recommendations for Tuesday

2023-02-06T20:17:28+05:30

Budget 2023 all about 'sustain to thrive', to move fast and take off fast: Nirmala Sitharaman

“Everywhere we have tried to be realistic. And that is why when people ask me, have you reduced your Budget on some things? No, we have been realistic. Absorption is also a very important indicator of where your money will be well received. There is no point in giving money in every head because it exists.”
2023-02-06T19:57:12+05:30

FM Sitharaman on global rating agencies' approach towards India: It's a way of the world and they can be obstinate

2023-02-06T19:51:37+05:30

RBI MPC Preview: Repo rate hike of 25 bps on cards; outlook on rates, liquidity critical for D-Street

“The RBI has the luxury of raising rates or deferring it as inflation is cooling off and growth is stable. The market will be looking forward to the guidance on the borrowing program of FY24,” said Nilesh Shah, managing director of Kotak Mahindra AMC.
2023-02-06T19:39:09+05:30

FM Sitharaman on SEBI's role in Adani issue: Indian regulators are world class and they are doing a good job

2023-02-06T19:15:27+05:30

Tata Steel Q3 Results: Firm reports surprise net loss of Rs 2,224 cr; revenue down 6% YoY

The company had posted a profit of Rs 9,572 crore in the last-year period and Rs 1,514 crore in the previous September quarter
2023-02-06T18:38:30+05:30

These 5 stocks slip to a new 52-week low but may see a bounce back up to 80%

2023-02-06T18:20:42+05:30

Sebi proposes norm to prevent brokers from retaining clients' funds at end of trading day

In its consultation paper, the regulator has proposed mandating daily upstreaming of all investor funds from stock brokers and clearing members (CMs) to Clearing Corporations (CCs). Investor funds in surplus of exchange margin requirements may in turn be placed by CCs in very low-risk and liquid overnight money market instruments
2023-02-06T17:50:23+05:30

Gold plunges Rs 574, silver plummets Rs 2,113 amid weak global trends

In the last Fed policy meeting, a 25 basis points rate hike was announced with a less hawkish tone. However, US job market data and comments from Fed officials scheduled this week will be very important to watch for.
2023-02-06T17:47:50+05:30

Airtel, Adani Green among key earnings to track on Tuesday

2023-02-06T17:41:39+05:30

Adani Transmission Q3 Results: PAT jumps 73% YoY to Rs 478 crore

Transmission business revenue growth was driven by newly commissioned JKTL and WRSS XXI (A) and recently commissioned lines. Distribution revenue increased on account of a consistent uptick in energy demand," the company said in a release.
2023-02-06T17:38:45+05:30

Tech View: Nifty charts hint at non-directional activity. What traders should do on Tuesday

The recent price action on the benchmark front indicates uncertainty among participants and that might continue in the near term. Traders should thus maintain their focus more on identifying opportunities in the sectors that are showing resilience. However, it’s easier said than done as we’re seeing restricted participation. Also, managing overnight risk is equally important citing the prevailing volatile scenario
2023-02-06T17:34:30+05:30

Stock market update: Nifty Pharma index advances 0.07%

The Nifty Pharma index closed 0.07 per cent up at 12193.1.
2023-02-06T17:23:27+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 89.45 points down at 17764.6
2023-02-06T17:18:15+05:30

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

The NSE Nifty index closed 89.45 points down at 17764.6
2023-02-06T17:13:03+05:30

Adani Transmission Q3 results: Net profit rises 73% to Rs 478 cr

2023-02-06T17:09:41+05:30

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

Divis Labs, JSW Steel, Hindalco, Tata Steel and Kotak Bank were among the top losers on NSE in today's trade.
2023-02-06T17:07:51+05:30

Stock market update: Fertilisers stocks up as market falls

The 30-share BSE Sensex closed down 334.98 points at 60506.9
2023-02-06T16:52:25+05:30

Sensex falls! These stocks fell 5% or more in Monday's session

In the Nifty pack, 18 stocks closed in the green, while 32 stocks ended in the red.
2023-02-06T16:47:13+05:30

Stock market update: Power stocks up as market falls

The 30-share BSE Sensex closed down 334.98 points at 60506.9
2023-02-06T16:42:01+05:30

Stock market update: Nifty Bank index falls 0.3%

The Nifty Bank index closed 0.3 per cent down at 41374.65.
2023-02-06T16:36:49+05:30

2 reasons why Indus Towers stock jumped 15% today

Analysts have said that the government’s decision to convert Vi’s accrued interest into equity will help the telco get some existing bank debt refinanced in the immediate future, which will help free up cash to pay vendor dues particularly to Indus Towers as well as for immediate capex needs
2023-02-06T16:34:41+05:30

Gainers and Losers: SBI, ITC among stocks in limelight today

Indian shares closed lower on Monday amid pressure on most global markets after bond yields headed northwards. >> For more such web stories click on the ET icon below.
2023-02-06T16:32:20+05:30

Stock market update: Nifty Realty index advances 0.52%

The Nifty Realty index closed 0.52 per cent up at 408.0.
2023-02-06T16:31:32+05:30

Hero MotoCorp Q3 Results Preview: Here's what to expect from India's largest 2-wheeler maker

2023-02-06T16:29:56+05:30

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

Uniphos Enter, Chaman Lal Setia, Mold Tek Tech, Cadila Healthcare and M&M Financial, hit their fresh 52-week highs during the day.
2023-02-06T16:26:19+05:30

Stock market update: Nifty Auto index falls 0.13%

The Nifty Auto index closed 0.13 per cent down at 13360.15.
2023-02-06T16:21:06+05:30

Most FII outflows linked to fixed income market; on a 5-year basis, Indian market still very strong: Mark Mobius

“I am a long-term bull in India. India is going to do very well going forward. You are going to have market fluctuations, you are going to have situations like Adani but the country itself is going to go from strength to strength. Because of Adani, you see some outflows, but the outflows are probably related to the fixed income market.”
2023-02-06T16:18:15+05:30

Stock market update: Sugar stocks up as market falls

The 30-share BSE Sensex closed down 334.98 points at 60506.9
2023-02-06T16:15:53+05:30

Stock market update: FMCG stocks up as market falls

The 30-share BSE Sensex closed down 334.98 points at 60506.9
2023-02-06T16:10:40+05:30

Fed rate-hike worries fuel rupee's worst day in over four months

The dollar index and Treasury yields, expectedly, surged on Friday. The dollar index inched up further on Monday while the Thai baht paced losses among Asian currencies. The Thai currency suffered its worst day in more than two decades.
2023-02-06T16:05:35+05:30

Stock market update: Nifty IT index falls 0.61%

The Nifty IT index closed 0.61 per cent down at 30411.1.
2023-02-06T16:05:25+05:30

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 334.98 points at 60506.9
2023-02-06T16:00:10+05:30

Sensex slides 335 pts on rate fears, foreign investor selloff; Nifty below 17,800

From the Sensex pack, Tata Steel and Infosys were the top losers, falling over 2%, Infosys, Kotak Bank, M&M, Tata Motors, ICICI Bank, UltraTech Cement and Reliance also ended with losses
2023-02-06T15:56:12+05:30

Bond yields jump ahead of RBI policy decision, tracking higher U.S. peers

Bond yields jumped after U.S. Treasury prices fell as data showed job growth surged and services activity rebounded in January, likely undermining the Fed's attempts to bring down inflation.
2023-02-06T15:53:28+05:30

Sensex falls 335 points, Nifty below 17,800; Adani Transmission cracks 10%

2023-02-06T15:52:29+05:30

Sebi mulls mandating AIFs to offer direct plan for investors; proposes steps to curb mis-selling

The Securities and Exchange Board of India (Sebi) has made the suggestions through five consultation papers and sought comments from the public till February 18 on these proposals aimed at making the AIFs more investor friendly.
2023-02-06T15:48:59+05:30

Taiwan pips India in MSCI EM index on Adani rout

India’s weighting in MSCI’s emerging-market benchmark has dropped after the brutal selloff in Adani Group’s stocks. >> For more such web stories click on the ET icon below
2023-02-06T15:29:39+05:30

Ashish Kacholia takes part in Orbis Financial's Rs 111-crore fundraising

The company is also the custodian for institutional investors with forward looking services designed and customised to equip mutual fund houses, foreign portfolio investors, institutional investors, family offices, HNIs across segments to efficiently manage their operations.
2023-02-06T15:17:13+05:30

Sebi lists dos and don'ts relating to green debt securities to avoid occurrences of 'greenwashing'

This came after the regulator strengthened the framework for green bonds by introducing the concept of 'blue' and 'yellow' bonds as new modes of sustainable finance in relation to pollution prevention as well as control and eco-efficient products.
2023-02-06T15:08:50+05:30

Most FMCG categories will start seeing reversal of downtrading going towards Q4 and Q1: Saugata Gupta, Marico

“Going forward, we expect the volume growth and also the earnings growth to improve simply because in terms of input costs, we are expecting the softening to continue year-on-year. We continue to deliver both sequential and year-on-year gross margin improvement. Therefore the trends will continue for a couple of quarters going into FY24.”
2023-02-06T15:07:20+05:30

​Financials among key sectors to drive Nifty50 over FY23-25

Currently, the Nifty50 EPS estimate is 843 for FY23, 995 for FY24 and 1,139 for FY25, implying FY23-25 earnings CAGR of 16%
2023-02-06T14:54:30+05:30

Adani Group promoters to prepay $1.11 billion-loans to release pledged shares

With the prepayments, pledged shares in Adani Ports and SEZ, Adani Transmission, and Adani Green Energy will be released, the group said in a statement.
2023-02-06T14:30:24+05:30

Varun Beverages Q3 results: Net profit soars 150% YoY; Re 1/share dividend declared

The company's revenue from operations grew by 27.7% YoY to Rs 2,214 crore in the December quarter of CY22. Meanwhile, the EBITDA increased by 48.1% to Rs 3,07.5 crore in Q4CY22 from Rs 207.6 crore in Q4CY21.Its sales volumes grew by 17.8% in the December quarter of the calendar year 2022 to 13.2 crore cases
2023-02-06T14:23:39+05:30

Ambuja Cements shares decline 0.64% as Sensex slides

A total of 1,335,761 shares changed hands on the counter till 02:08PM (IST)
2023-02-06T14:09:07+05:30

Max Financial shares drop 1.47% as Sensex falls

A total of 22,122 shares changed hands on the counter till 02:03PM (IST)
2023-02-06T14:03:53+05:30

Chola Inv Finance shares drop 0.49% as Sensex falls

The stock quoted a 52-week high of Rs 817.95 and a 52-week low of Rs 594.0.
2023-02-06T13:58:39+05:30

Share price of Page Industries falls as Nifty weakens

A total of 501 shares changed hands on the counter till 01:53PM (IST).
2023-02-06T13:53:25+05:30

Thyrocare CEO speaks on margin contraction; says not in talks to sell stake at present

“I have been guiding in all our investor calls that margin will be in that 30% ballpark. As I said in the last quarter, given that we have a lot of dollar exposure on our raw materials, we saw some price hikes from our vendors but we were able to pass them through into the market to maintain the price at the margin.”
2023-02-06T13:53:10+05:30

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