Aditya Birla Sun Life Asset Management Company surged 11.5% to end at ₹779, UTI AMC rose 7.6% to ₹1,326, HDFC AMC gained 5.8% to ₹4,833 and Nippon Life India AMC advanced 2% to ₹721.
Posts in category Economic Times
Hyundai IPO: Bids at 42% on Day 2 (17-10-2024)
The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.26 times, while the retail investor portion saw a subscription of 0.38 times. The employee reserved portion, offered at a discount of Rs 186 per share, was oversubscribed at 1.31 times (130%). Meanwhile, the qualified institutional buyer (QIB) portion was subscribed 0.58 times.
For Canadian funds, India’s the goose laying golden nest eggs (16-10-2024)
The Canada Pension Plan Investment Board (CPPIB), the largest Canadian investor in India, has been trimming its stakes in Indian stocks over the past year, while other funds Caisse de Depot et Placement du Quebec (CDPQ) and British Columbia Investment Management have kept their holdings in the country unchanged.
Coffee Can Investing may not be a good idea for mega IPOs (16-10-2024)
Out of the country’s 30 largest IPOs with issue sizes between ₹4,000 crore and ₹20,000 crore so far, 18 have lagged the performance of the Nifty 500 index, according to a study by Capitalmind Financial Services.
Coffee Can Investing may not be a good idea for mega IPOs (16-10-2024)
Out of the country’s 30 largest IPOs with issue sizes between ₹4,000 crore and ₹20,000 crore so far, 18 have lagged the performance of the Nifty 500 index, according to a study by Capitalmind Financial Services.
Bajaj Auto Q2 net up 9% on strong local and export volumes (16-10-2024)
Bajaj Auto’s net profit increased by 9% in the September quarter, reaching ₹2,005 crore despite a one-time deferred tax impact. The company saw a 16% rise in volumes, driven by higher-priced models and export performance. Bajaj plans to expand its electric Chetak portfolio and increase production of its CNG motorcycle, Freedom.
Crisil reports 13 pc rise in Q3 net profit at Rs 171.55 cr (16-10-2024)
The Board of Directors of Peter Lee Associates Pty Ltd (PLA) and Crisil Irevna Australia Pty Ltd (Crisil Australia), the two wholly-owned subsidiaries of Crisil Ltd based in Australia, have approved the sale of the business of PLA to CRISIL Australia through a business transfer agreement.
Payments Industry to touch $49 trillion by 2028: BCG (16-10-2024)
The Indian payments industry is projected to grow to $49 trillion in value by 2028 from $30 trillion in 2023, with transaction volumes expected to increase to 434 billion. Revenue growth in this sector is forecasted at 11%, with credit cards and fund transfers leading the expansion.
RIL fixes Oct 28 as record date for bonus issue (16-10-2024)
Shareholders who have RIL shares in their demat account before October 28, 2024 will be eligible for the bonus issue of shares.
Ahead of Market: 10 things that will decide stock action on Thursday (16-10-2024)
Indian indices declined for the second consecutive session on Wednesday, dragged by auto and IT stocks. Nifty 50 closed 0.34% lower at 24,971 points, and Sensex fell 0.39% to 81,501 points. Analysts predict a sideways trend with support at 24,900 and resistance at 25,200.