The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent
Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as “baseless”. Photograph: Anushree Fadnavis/Reuters Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe
Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the US Federal Reserve signalled fewer rate cuts next year. Photograph: Arko Datta/Reuters Besides, deep losses in
Confirming CNBC-TV18’s exclusive newsbreak last week, fintech firm Zaggle Prepaid has announced a Qualified Institutional Placement (QIP) with an issue size of ₹450 crore and an upsize option of up to ₹750 crore. Company Value Change %Change The indicative price
Laxmi India Finance Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Laxmi India Finance is a non-banking financial institution located in
Birla Opus, despite being a new entrant, has already garnered a 2–3 per cent market share. Photograph: Agusti Torres/Reuters The paint sector is seeing heightened competition with the entry of deep-pocketed groups like Aditya Birla and JSW. However, some brokerages
Sebi has decided to make electronic payments mandatory for demat account holders to ensure quicker transactions. Photograph: Francis Mascarenhas/Reuters The Sebi board on Wednesday approved a series of measures, including stricter regulatory norms for SME IPOs, a comprehensive overhaul of
Nykaa founded by Falguni Nayyar tops the 19 women entrepreneurs-founded businesses on the list, while Zepto’s 21-year-old founder Kaivalya Vohra is the youngest on the list Photograph: PTI Photo from the Rediff Archives Radhakishan Damani-promoted Supermarket chain Dmart has emerged
Sebi had issued norms to bring clarity on the on boarding of accredited investors, however, the certification for the same have not picked up much. Around Rs 1 trillion, or a fifth of the investments made by alternative investment funds
Dec 18, 2024 3:31 PM IST Market At Close | Market Extends Losses, Nifty Ends At A 3-week Low Nifty Slips But Manages To Hold Levels Above Friday’s Low Of 24,181 Financials Underperform With HDFC Bk & ICICI Bk Dragging
