Sebi fines Nippon Life India AMC, trustee for charging scheme expenses to AMC’s books
The market watchdog imposed a fine of Rs 2 lakh on Nippon Life India Asset Management Limited and Rs 1 lakh on Nippon Life India Trustee Limited. They were held guilty in violating total expense ratio (TER) norms prescribed by the regulator
RBI rate pause: What does it mean for mutual fund investors?
For mutual fund investors, an unchanged repo rate amid high food inflation and global market volatility offers a mixed opportunity. Debt fund investors can expect stable yields and potential gains from anticipated rate cuts. Equity investors should focus on sectors that are resilient to inflation and market fluctuations. Hybrid funds provide a balanced strategy, reducing […]
India’s logistics cost will be below 9 pc of GDP by April next year: Nitin Gadkari
Union Minister Nitin Gadkari announced that India’s logistics cost is expected to drop to 9 per cent of GDP by April next year, which will likely boost exports. Current logistics costs are around 16 per cent, with NCAER estimating them between 7.8 and 8.9 per cent in 2021-22.
Tech View: Nifty taking support at 50-DEMA. Here’s how to trade on Friday
Nifty finds support at its 50-day exponential moving average (50-DEMA) but faces resistance near 24,350. A breakout above this level or a drop below 24,000 is needed for the next significant move. Despite the current negative trend, selling pressure may persist even within this range, according to Chandan Taparia of Motilal Oswal
Why are foreign investors not totally convinced on India? Mark Mobius explains
Mark Mobius highlighted that domestic investors lead the Indian market, despite challenges for foreign investments due to bureaucracy and tax issues. He expressed confidence in India’s potential, particularly in large-cap stocks and hardware sectors. He also advised investing in companies with strong balance sheets and keeping cash reserves for market corrections.
As Nifty struggles, defensive FMCG and pharma deliver returns of up to 23% in a month
FMCG and pharma stocks have surged up to 23% over the last month, proving their defensive strength, while the Nifty50 has declined amid high volatility and a 27% rise in the India VIX. The Nifty FMCG and Pharma indices have gained 8% and 7.7%, respectively, versus a 0.11% drop in the broader Nifty.
What is SBI doing to resurrect deposit growth? Ashwini Kumar Tewari answers
Ashwini Kumar Tewari of SBI stated that rural growth is rebounding, supported by better agricultural yields and improved monsoon conditions. He also noted liquidity challenges within the banking sector and the need to focus on stable, retail deposits. SBI is actively implementing strategies to bolster deposit growth and ensure financial stability.
LIC to declare Q1 results today. Here’s what to expect from PSU insurer
Life Insurance Corporation of India (LIC) released its Q1 results, revealing anticipations of a 9-33% annual premium equivalent (APE) growth and a 37% boost in value of new business (VNB). Yes Securities estimated APE at Rs 12,705 crore and VNB at Rs 1,780 crore, showing significant year-on-year increases.
Why RBI maintained the status quo, did not change its stance? R Gandhi explains
R Gandhi, Former RBI Deputy Governor, noted that the Reserve Bank of India’s conservative monetary policy aims to keep inflation near the target of 4% for stable growth. He highlighted the importance of steady inflation rates and mentioned signs of a pickup in private sector investments encouraged by the government and consistent infrastructure spending.
Dhariwalcorp shares debut with 42% premium on NSE SME platform
Dhariwalcorp shares listed on the NSE SME platform with a 41.5% premium, reaching Rs 150 from an issue price of Rs 106. The IPO, largely welcomed by investors, was oversubscribed by 100 times. The company trades waxes and industrial chemicals, serving various industries domestically and internationally with a diverse range of quality products.