Posts in category Business Standard
Sebi bans IIFL Securities from onboarding any new clients for two years (19-06-2023)
IIFL had, reportedly, used credit-balance client accounts to settle proprietary-trade obligations between April 2011 and January 2017
SIP accounts closures rise 7.4% to to 1.42 mn month-on-month in May (19-06-2023)
The number of systematic investment plan (SIP) accounts being discontinued rose 7.4 per cent month-on-month to 14.19 lakh in May, despite the stellar inflow into mutual funds through the route.
At the same time, the number of new SIP registration rose to 24.7 lakh last month from 19.56 lakh in April, implying fresh registration of over 5 lakh, data with the Association of Mutual Funds in India (AMFI) showed.
The higher number of SIP registration than discontinuation shows investors' continued confidence in the route, DP Singh, Deputy MD and CBO at SBI Mutual Fund, said.
This could also be due to an easy cancellation facility available through online modes, he added.
Meanwhile, investors continued to park their money in mutual funds, with contributions in SIPs reaching a new high of Rs 14,749 crore last month, after a brief dip to Rs 13,728 crore in April. It was Rs 14,276 crore in March.
This robust inflow has led to assets under management of SIP rising by five per cent to Rs 7.5
NBFCs in focus; Five Star, M&M Finance, CreditAccess rally up to 10% (19-06-2023)
According to Incred Research Services, their interactions with various MFI branches and experts indicate consistency in disbursement growth, primarily led by a surge in new customer acquisition
NBFCs in focus; Five Star, M&M Finance, CreditAccess rally up to 10% (19-06-2023)
According to Incred Research Services, their interactions with various MFI branches and experts indicate consistency in disbursement growth, primarily led by a surge in new customer acquisition
Bank of Baroda nears 52-wk high, up 3%; regains Rs 1 trillion m-cap (19-06-2023)
Analysts at ICICI Securities believe the bank will report credit growth in line with industry growth coupled with healthy margins and steady asset quality and, thus, aid RoA of around 1 per cent.
Bank of Baroda nears 52-wk high, up 3%; regains Rs 1 trillion m-cap (19-06-2023)
Analysts at ICICI Securities believe the bank will report credit growth in line with industry growth coupled with healthy margins and steady asset quality and, thus, aid RoA of around 1 per cent.
Tata Technologies IPO: Read to know everything about the company, listing (19-06-2023)
The Tata Motors subsidiary Tata Technologies filed for Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 9. Check out the full IPO details here.
Skipper soars 15%, hits 52-week high on winning orders worth Rs 1135 crore (19-06-2023)
As on March 31, 2023, Skipper had order book position of Rs 4,551 crore, which constitutes 20 per cent exports and 80 per cent domestics orders
Ashok Leyland hits record high in subdued market; rallies 8% in two days (19-06-2023)
The company said it has partnered with 'Aidrivers' for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry
Shriram Finance jumps 7%, nears 52-week high on heavy volumes (19-06-2023)
Till 09:48 am; around 9.98 million shares, which represented 2.66 per cent of total equity of Shriram Finance have changed hands on the BSE, data shows