Posts in category Business Standard
Vedanta’s parent may sell $1 billion worth shares to GQG Partners: Report (14-02-2024)
Saddled with $6.4 bn in outstanding debt, including $4.5 bn payment due by fiscal 2025, Vedanta Resources has been attempting to shore up finances, including through recent debt restructuring
NSE, BSE to hold trading session on March 2 to assess mkt infrastructure (14-02-2024)
Session to assess the preparedness for any unforeseen event, test transition to disaster recovery site
Mutual Fund investors’ grievances decline to 485 in first half of FY24 (14-02-2024)
Mutual funds industry body Amfi on Wednesday said that the number of complaints received from investors and distributors was 485 for the half-year ended September 30, 2023, a decline of 21 per cent from the year-ago period.
The consistently low complaint numbers highlight the mutual fund industry's continuous efforts to elevate service quality and transparency.
In the first half of the fiscal year 2023-24, a total of 485 complaints were received, which was way lower than 619 complaints received in the same period of preceding fiscal, Association of Mutual Funds in India (Amfi) said in a statement.
For the same period, the net assets under management increased from Rs 41.62 lakh crore in April 2023 to Rs 46.58 lakh crore at the end of September 2023 driven by a strong equity market, steady interest rates, and robust economic growth.
"While the industry is growing at a fast clip, the data suggests that complaints against the MF industry are low," the industry body noted.
Of these 48
Mutual Funds’ Rs 13k-cr balm as FPIs bleed out HDFC Bank for two months (14-02-2024)
MFs bought 88.2 million shares in January after selling 53.3 million shares during the November-December period
Board of South West Pinnacle Exploration recommends 1st interim dividend (14-02-2024)
Of Rs 0.25 per share
NSE to hold special trading session on Mar 2 to check market infrastructure (14-02-2024)
NSE special session: The NSE said that the purpose of the special session is to assess the preparedness of market infrastructure institutions to handle any unforeseen event impacting operations
Australian stocks drift lower (14-02-2024)
Australia stocks fell today amid weak global cues as heavy selling in US stocks overnight weighed on the sentiments. Gold, technology and financial stocks came under pressure and the S&P/ASX 200 dipped 0.74%. The All Ordinaries index pared 0.76% on the day. COMEX Gold futures slid below $2000 per ounce in Asian electronic trading, hitting a two-month low following sharp rally in the US dollar. The dollar index maintained three-month highs near 104.80 on Wednesday, following a nearly 1% surge in the previous session, driven by hot US consumer inflation data. The strong report pushed the index towards 105, its highest level in three months, making dollar-denominated commodities and assets more expensive for buyers holding other currencies.
VCU Data Management standalone net profit declines 66.67% in the December 2023 quarter (14-02-2024)
Reported sales nil
Fraser and Company reports standalone net loss of Rs 0.17 crore in the December 2023 quarter (14-02-2024)
Sales decline 91.67% to Rs 0.02 crore
Harish Textile Engineers reports standalone net profit of Rs 0.02 crore in the December 2023 quarter (14-02-2024)
Sales rise 29.01% to Rs 34.33 crore