Big movers on D-Street: What should investors do with YES Bank, PB Fintech and Fortis Healthcare?
Stocks that were in focus included names like YES Bank, which rose 11.62%, PB Fintech, which fell 6.15%, and Fortis Healthcare, whose shares increased 4.3% on Tuesday.
Gold prices flat as traders await remarks from Fed officials
Gold prices struggled for a clear direction on Wednesday, as traders awaited comments from a slew of Federal Reserve officials this week to assess how soon the U.S. central bank may start cutting interest rates.
Oil edges up on smaller US output growth estimates
Brent crude futures rose 38 cents, or 0.5%, to $78.97 a barrel as of 0013 GMT, while U.S. West Texas Intermediate crude climbed 41 cents, or 0.6%, to $73.72. Both contracts had gained slightly on Monday.
ET In The Classroom: Why a nomination in your mutual funds helps
As per fund houses, a large number of mutual fund folios do not have nominations, though the exact number is unknown. Nomination was not compulsory earlier in demat accounts and mutual funds and this led to many investors skipping these details.
OK Tata: Group m-cap gallops to Rs 30 lakh crore
The Reliance Group, India’s most valuable company led by billionaire Mukesh Ambani, currently holds the second position on the market-cap leaderboard – at ₹21.60 lakh crore. The Adani Group, with interests across various infrastructure sectors and capital-intensive commodities, is ranked third, with a combined market value of ₹15.54 lakh crore.
TCS m-cap tops Rs 15 lakh crore as shares jump to lifetime high
The country’s largest software services company, which made its stock market debut in 2004, was the first ever to cross the ₹5-lakh crore mark in 2014.
Franklin Asian Equity Fund raises India allocation
The scheme will now increase its allocation to Indian equities. As per the new structure, it will now allocate 35-45% to Indian equities, 45-65% to foreign securities of Asian companies (excluding Japan) and 0-20% to debt securities.
IRDAI proposes flexible lock-in period for investors in insurance companies
Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regulator had waived the lock-in for DHFL General Insurance. In 2020, this company was acquired by Flipkart co-founder and former CEO Sachin Bansal from Kapil Wadhawan-led financial services group Wadhawan Group Capital […]
HDFC Bank secures $750 million from institutions in Asia
The bank garnered bids close to $3 billion from institutional investors in Asia, which included bids for the bank’s first sustainable bond, which has a three-year tenure and another bond which had a five-year tenure, sources aware of the development told ET.
Sebi issues guidelines for returning draft documents
Sebi has observed that at times, draft offer documents filed with it for public and rights issue of securities are found lacking in compliance with its disclosure rules.