Posts in category Business Standard
Share of firms looking to hire permanent workers in 6 months halved: NCAER (03-11-2023)
The 126th round of the survey covering 500 firms was conducted in September, with support from the National Stock Exchange (NSE)
Multi-asset fund turned Rs 10 lakh into Rs 5.5 cr in 21 yrs: ICICI Pru MF (03-11-2023)
ICICI Prudential Mutual Fund's multi-asset fund has turned into a wealth creator for investors by giving an annualised return of 21 per cent since its inception in October 2002, the company said on Friday.
An investor who put in Rs 10 lakh at the time of inception would now be sitting on about Rs 5.5 crore as of September 30, indicating a Compound Annual Growth Rate (CAGR) of 21 per cent, according to a statement by ICICI Prudential Mutual Fund.
In terms of Systematic Investment Plan (SIP) performance, a monthly investment of Rs 10,000 through the route since the inception on October 31, 2002, which would amount to a total investment of Rs 25.2 lakh, would have grown to Rs 2.1 crore as of September 30 this year, showing an annualised return of 17.5 per cent.
ICICI Prudential Multi-Asset Fund, which recently completed 21 years, has an Asset Under Management (AUM)of Rs 24,061 crore accounting for nearly 57 per cent of the total AUM in the multi-asset allocation category.
The fund is
Markets make U-turn to score weekly gains; Sensex gains 283 points (03-11-2023)
Snap two-week losing streak on softening US yields, Fed view
Investors on track to pour $1.3 trn into cash funds in 2023, says BofA (03-11-2023)
BofA said its Bull & Bear indicator of investor sentiment was at 1.4, the lowest since November 2022
Crypto wrap: Bitcoin falls after Sam Bankman-Fried’s conviction in the US (03-11-2023)
Cryptocurrency news: In the FTX trial's verdict its founder Sam Bankman-Fried was found guilty on all seven charges of criminal fraud in the US
Pakistan stocks rise to highest in 6 yrs on election optimism, IMF visit (03-11-2023)
The benchmark stock index struck a record intra-day high of 53,263.07 on Friday, rising 1.15% from Thursday close, before settling back slightly. It was the highest since May 25, 2017
Tilaknagar Industries rallies 16%; hits all-time high on healthy Q2 results (03-11-2023)
The management said the company's focus over the coming 6-8 quarters will be to increase market share in existing and new regions through robust growth in its brandy portfolio.
India debut 50-year bond fully sold on increasing insurer demand (03-11-2023)
The government sold Rs 10,000 crore ($1.2 billion) of the 2073 bond at a cutoff yield of 7.46 per cent, the Reserve Bank of India said in a statement
Bank of Baroda Q2 preview: Profit may rise upto 26% Y-o-Y; NIM outlook eyed (03-11-2023)
Bank of Baroda Q2 preview: Analysts expect net profit to come in anywhere between Rs 3,484.4 crore (up 5.2 per cent Y-o-Y) and Rs 4,178.9 crore (up 26 per cent Y-o-Y)
SBI Q2 results preview: Analysts expect lender’s profit to drop; here’s why (03-11-2023)
State Bank of India is scheduled to report its September quarter results on Saturday, November 4