Big movers on D-Street: What should investors do with Siemens, Oil India and LIC?
Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday.
Bain+Temasek adds spice to Haldiram snacks party
The Bain and Temasek combination submitted a non-binding offer late last week valuing India’s largest snack and convenience foods company at $8-8.5 billion (Rs 66,400-70,500 crore), after initially engaging with the founding family of the 87-yearold brand separately, said people aware of the matter.
MSCI Rejig: India may see $2.5 billion FII inflows
Global passive funds, such as exchange-traded funds, structure their portfolios based on these indices. Any change in composition prompts these funds to adjust their allocations. The newly included stocks are JSW Energy, Canara Bank, Indus Towers, PB Fintech, Sundaram Finance, and NHPC. Berger Paints has been dropped, while Indraprastha Gas and Paytm’s parent, One 97 […]
Cipla promoters sell 2.53% stake for Rs 2,751 crore
“Post transaction, the entire promoter group, including persons acting in concert, continues to hold 31.67% in the company and remains committed to the future of Cipla,” the company said in a statement.
Avoid chasing best-return MFs through SIPs
A study by Whiteoak Capital Mutual Fund for the last 19 years shows that an investor who started an SIP in a mid-cap or small-cap index fund in April 2005 and stuck to the category for 19 years earned higher returns than an investor who changed the SIP annually based on the best-return generating category […]
BlackRock’s India bond ETF ‘One-Stop-Shop’ for foreigners
Pointing out that global bond markets are still largely over-the-counter institutions, Koay said that for foreign investors looking to invest in Indian bonds, there are four layers at present – setting up a specific account to access bonds located here, determining the exchange rate considerations, procuring the bonds and posting margin considerations while looking at […]
MF investors get KYC relief as Sebi withdraws PAN-Aadhaar link norm
The Securities and Exchange Board of India (Sebi), in a circular on May 14, removed the requirement for investors to link the permanent account number (PAN) with Aadhaar to obtain the ‘KYC registered’ status for mutual fund transactions. This means all investors can continue putting money into mutual funds without putting up additional documents for […]
SBI increases deposit rates by 25-75 points
Banks adjust deposit rates according to their asset and liability positions and demands for funds in specific tenures. This is the first increase by SBI in deposit rates since December 2023. – Our Bureau
UBS bullish on PI Industries and Navin Fluorine
“We think investors may be ignoring Indian chemicals companies’ strong niche positions and growth opportunities within the context of the worst global destocking cycle in chemicals over the past 30 years, but we see signs of modest volume recovery,” said the brokerage’s analysts in a note to clients.