Posts in category Business Standard
Neogen Chemicals consolidated net profit rises 18.31% in the March 2024 quarter (02-05-2024)
Sales decline 2.09% to Rs 199.65 crore
Wipro bags multi-million-dollar deal from Nokia (02-05-2024)
Wipro said that it has been selected by Nokia to overhaul its employee service desk and provide seamless, real-time IT support to a global network of employees.
Pre-mkt check: US Fed decision, global stocks, Nifty key levels for May 02 (02-05-2024)
Pre-market update Thursday, May 02: Why are global markets trending higher post US Fed meeting outcome? All you need to know before the Indian stock market opens for trade today.
Nifty shows lack of follow through upside on charts: Check key levels (02-05-2024)
Nifty shows lack of follow through action on the upside. It formed a higher top and could form a higher bottom shortly. On monthly charts, Nifty gained 1.24 per cent for the month of April
Rising threshold for large, midcaps supports noise for tweak in methodology (01-05-2024)
Sebi has received a lot of feedback on tweaking the approach for the categorisation of stocks and soon the regulator could announce a new methodology
Reduction in face value of corporate bond to deepen debt market: Experts (01-05-2024)
Sebi to reduce the face value of corporate bonds from Rs 1 lakh to Rs 10,000 is expected to make bond investments more appealing
IL&FS MF pays Rs 600 crore to debt infra investors; makes timely redemption (01-05-2024)
IL&FS Mutual Fund on Wednesday said it has paid a little over Rs 600 crore to investors in its infrastructure debt fund.
The debt scheme -- IL&FS Infrastructure Debt Fund Series 1C-- was redeemed on due date on April 30, making it a timely redemption, according to a statement issued by IL&FS Group.
The scheme redeemed Rs 606 crore against the original invested capital of Rs 275 crore delivering a return of 8 per cent per annum to the investors since inception.
IL&FS Mutual Fund (IDF), which is amongst the largest infra debt funds in the mutual fund format, had successfully redeemed schemes on time in January 2023.
Total funds returned to the investors of the mutual fund over the past five years are Rs 1,580 crore.
IL&FS Infrastructure Debt Fund is managed by IL&FS Infra Asset Management Ltd. The target investors for the fund are banks, pension funds, insurance companies, foreign investors, sovereign wealth funds and bilateral or multilateral associations.
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FPIs withdraw Rs 8,600 crore from equities in April on Mauritius tax treaty (01-05-2024)
After infusing money for two straight months, foreign investors turned net sellers in April with the dumping of Indian equities worth Rs 8,700 crore on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields.
This came following a staggering net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed. Overall, the total inflow for 2024 so far stood at Rs 2,222 crore in equities and Rs 44,908 crore in debt market.
As per the data, Foreign Portfolio Investors (FPIs) made a net outflow of Rs 8,671 crore in Indian equities.
Kislay Upadhyay, smallcase manager and founder of Fidelfolio, said this outflow was due to adjustment after heavy inflow in March, a short-term gain prospect in longer duration bond in anticipation of a rate cut and 'wait and watch mode adopted by investors till the announcement of election results.
While the tweak in India's tax treaty with Mauritius on investments made in .
Crypto washout sends Bitcoin below $58,000 ahead of Fed’s decision (01-05-2024)
The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000
Blackstone-backed Aadhar Housing Finance’s Rs 3,000 cr IPO to open on May 8 (01-05-2024)
The initial share-sale will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP)