Posts in category Business Standard
SIP continues to hold despite market volatility, higher debt fund inflows (11-05-2023)
This segment attracting such inflows despite long term capital gain being taken away in the previous month is a strong indication of what is lying ahead
Sebi’s SCORES platform resolves 2,071 complaints against companies in April (11-05-2023)
A total of 2,071 complaints against companies and market intermediaries have been disposed of through Sebi's SCORES platform in April, according to data released by Sebi on Thursday.
At the beginning of April, as many as 2,030 complaints were pending and 3,037 fresh complaints were received during the month.
The markets watchdog also noted that as of April 2023, 24 complaints were pending for more than three months, the data showed.
These complaints were related to investment advisers, research analysts, corporate governance, minimum public shareholding, venture capital funds, transfer/ dividend/ rights/ redemption and takeover/ restructuring.
The average resolution time for a complaint was 25 days, it added.
In a separate public notice, Sebi mentioned 14 entities against who complaints have been for more than three months on SCORES as on April 2023.
The entities are state-owned firms -- Oil & Natural Gas Corporation Ltd (ONGC) and Petronet LNG, Brightcom Group, Nestra Capital, .
Jeera prices rise 52% in two months over low production fears, shows data (11-05-2023)
Some experts expect the crop size to be even lower at just 5 million bags, which has created a panic in the market
HNIs preferring fixed deposits over debt mutual funds, says report (11-05-2023)
With the debt mutual fund schemes now under the tax ambit, the attractiveness of the product has reduced as High Net worth Individuals (HNIs) are favouring bank fixed deposits (FDs) over such funds, according to a report by Motilal Oswal Financial Services on Thursday.
In addition, interest rates on bank deposits have increased significantly over the past one year. This led to HNIs getting inclined towards bank fixed deposits over debt mutual funds, Nitin Aggarwal, Head of BFSI Research at Motilal Oswal Institutional Equities, said.
Although HNIs comprehend the advantages of mutual funds over other financial products, past problems in the sector still concern them.
The report is based on the inputs of large mutual fund distributors, having an asset under management (AUM) in excess of Rs 1,000 crore, and institutional sales representatives.
Going by the report, HNIs have also been preferring PMS (Portfolio Management Schemes) and AIFs (Alternative Investment Funds) as they find mutu
Dr Reddy’s Laboratories QoQ showing catches a cold on weak US sales (11-05-2023)
While pharma major has maintained its margin guidance, expensive valuations limit upside
InterGlobe Aviation nears record high; stock surges 20% in one month (11-05-2023)
IndiGo remains well placed to benefit from strong systemic demand and its leading competitive positioning, analysts said
HG Infra hits new high on strong Q4 earnings; zooms 58% thus far in 2023 (11-05-2023)
Given its healthy project pipeline, ICRA expects HGIEL to maintain a healthy revenue growth of ~18-20%, steady operating margins (~16%) and comfortable leverage and coverage indicators in FY24
Gujarat Gas surges 6% on healthy Q4 results, turnaround in sales volume (11-05-2023)
The company's long-term volume growth prospects remain robust with the addition of new industrial units, and expansion of existing units, said Motilal Oswal Financial Services
Dr Reddy’s Labs sinks 7% on disappointing Q4 operating performance (11-05-2023)
In Q4, the company's North America's revenue declined 17 per cent QoQ to Rs 2,530 crore, due to fluctuations in demand for new launches.
Adani Group shares in focus on fund raising plan; Adani Enterprises up 4% (11-05-2023)
The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a QIP, or a preferential issue, among others.