Jio BlackRock enters Indian MF market with focus on profitability and growth
Jio BlackRock Asset Management, a new entrant in the Indian mutual fund industry, is prioritizing profitability and capturing new market growth over aggressive pricing strategies, unlike Jio’s telecom approach. The joint venture aims to offer differentiated products and leverage its tech platform, Aladdin, to reduce costs and provide competitive pricing.
Goldman goes ‘Neutral’ on Trent, stock declines 4%
Trent’s shares plunged nearly 4% following a downgrade by Goldman Sachs from ‘buy’ to ‘neutral,’ citing concerns over slowing sales and underperformance of Zudio stores. The brokerage reduced its price target by 21% to ₹5,500. Despite expecting Zudio’s FY25 sales to grow by 60%, Goldman Sachs lowered Trent’s revenue and earnings estimates.
A falling rupee may get some lift from a trade deal with US
The rupee has weakened against the dollar recently due to tariff uncertainties, foreign portfolio investor outflows, and central bank dollar purchases. The upcoming trade deal with the US and India’s involvement in BRICS, along with oil imports from Russia, add complexity. Concerns about US fiscal sustainability are favoring developed markets over emerging ones, impacting the […]
Chemical companies to post 5-10% revenue growth in Q1 amid tariff concerns, weaker rupee
Chemical companies are projected to experience revenue growth of 5-10% in the June 2025 quarter, fueled by increased order intake anticipating US tariffs and a weaker rupee boosting exports. Lower raw material prices are expected to protect margins. However, Chinese competition and geopolitical risks create a complex environment, with investors closely monitoring volume sustainability and […]
IEX shares plummet 30% amid ‘market coupling’ concerns
Indian Energy Exchange shares experienced a significant drop. This decline followed the Central Electricity Regulatory Commission’s decision. The commission plans to implement ‘market coupling’. This move is expected to impact IEX’s revenue streams. Market coupling aims to unify power prices. Hindustan Power Exchange and Power Exchange India may benefit. IEX’s market share could potentially decrease […]