Government to launch ‘Kisan Ki Baat’ to bridge farm-Science gap
The programme will feature agricultural scientists, department officials, and the minister himself, providing crucial information on best practices and scientific advancements.
Interarch Building Products IPO: Price band, GMP among 10 things to know
Interarch Building Products’ IPO was open from August 19-21, targeting approximately Rs 600 crore through fresh shares and an offer for sale. The company, known for its pre-engineered steel buildings, exhibited substantial financial growth in FY24. The price band for the shares ranged between Rs 850-900 per share.
These 8 equity mutual funds receive over Rs 3,000 crore inflow in July
Around eight equity and equity-oriented mutual funds have received more than Rs 3,000 crore inflows in July. There were around 600 equity and equity-oriented mutual funds in the said period. (Source: ACE MF)
‘Funds mentioned by Hindenburg not Mauritius-domiciled’
The Mauritius regulator refuted claims by Hindenburg Research regarding IPE Plus Fund and its alleged connections to shell entities. The Financial Services Commission emphasized their strict compliance regulations. The Buch couple, linked to the fund, responded, asserting their investments were made while they were private citizens in Singapore, prior to Madhabi Buch’s tenure at Sebi.
Midcap funds get ahead of largecaps in AUM race
Midcap funds have surpassed large-cap funds by 0.6 percentage points in AUM share, reaching 12.9% of total equity AUM. This growth, driven by market appreciation and fresh inflows, places midcap funds as the third-largest category after sectoral and flexi-cap funds, according to data from the Association of Mutual Funds in India.
US Inflation falls to 3-year low, clearing the way for Fed to begin cutting rates
The lowest year-over-year inflation in more than three years was recorded in July at 2.9%, as reported by the Labor Department. Consumer prices rose just 0.2% from June to July. As housing costs are expected to rise more slowly, and the job market is weakening, the Federal Reserve might consider cutting interest rates in September.