Using “BMV” metric, this Rs 3,600 cr fund manager tries to add alpha in portfolio
Asked about how the fund aims to generate alpha returns for its investors, Jitendra Sriram, a senior fund manager at the asset management firm, shared the “BMV” metric adopted by the company in its hybrid fund to achieve the same.
Hospital stocks hitting record highs on multiple boosters
Fortis Healthcare and Healthcare Global Enterprises hit a record highs on Tuesday, Apollo Hospitals and KIMS did so last week. All leading listed healthcare players have hit record highs on the bourses in the recent weeks in anticipation of a good June-quarter show.
Britannia hit by profit booking on rural headwinds
“There is an apprehension that sales may be impacted with slower recovery in rural areas than expected,” said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.
Sebi to tweak account aggregator framework to curb misuse of financial information
“Such unsafe practices lead to frauds being perpetrated or funds and securities being misappropriated or financial products/services being mis-sold or customers being subjected to unsolicited cross-sell or upsell.”
RBI says 88% of 2,000 notes returned in 2 months
As on July 31, about Rs 3.14 lakh crore worth of notes were recalled, the Reserve Bank of India (RBI) said, having announced the withdrawal on May 19. These banknotes, which the RBI said had served the purpose of urgently filling a systemic void caused by the November 2016 currency swap, continue to remain legally […]
Bad bank’s twin structure now seen as a bad asset
Under the twin structure, National Asset Reconstruction Company Ltd (NARCL) — the state-backed bad bank — acquires and aggregates bad loans from lenders while another organisation, India Debt Resolution Company Ltd (IDRCL), acting parallelly as a private sector entity, focuses on resolution of the non-performing assets for enhancing the value of the loans and finding […]
RBI sends fresh draft to ESMA on CCIL oversight, said to hold firm
“The RBI sent a draft to the ESMA in the first week of July, there are some dilutions in the language, but they have not made any relaxations on the sticking point, which is the right to audit, inspect and potentially levy fines on the CCIL,” a source aware of the development said.
New SUV launches to support Maruti’s growth but MSG buyout may impact RoCE
The share of sports utility vehicles (SUVs) in the company’s domestic passenger vehicles volume expanded by 500 basis points sequentially to 22%. It increased for the fifth quarter in a row. Maruti’s market share remained between 41-42% for the past four quarters.