NFO Insight: Can Groww Multi Asset Allocation Fund add value to your mutual fund portfolio?
Groww Mutual Fund introduces its Multi Asset Allocation Fund, open for subscription until September 24, investing across equity, debt, commodities, REITs, and InvITs, aiming for long-term capital appreciation. Experts suggest considering existing funds with established track records, while acknowledging the diversification benefits for moderate risk-tolerant investors seeking a balanced portfolio in volatile markets.
Adani Power shares jump 8% in 3 days. Here’s why
Adani Power’s stock is rising. This is due to a new hydroelectric project in Bhutan and the company’s first stock split. Adani Power signed an agreement with Druk Green Power Corp for the Bhutan project. The stock split aims to improve liquidity. GST reforms are also expected to boost Adani Power’s margins. Technical indicators suggest […]
An Oracle may displace Elon Musk as the world’s richest billionaire
Larry Ellison surged closer to surpassing Elon Musk as the world’s richest person after cafter-hours shares jumped over 26%, potentially boosting his net worth by $70 billion. The 81-year-old co-founder’s fortune is heavily tied to Oracle, whose stock has risen 45% this year, while Tesla shares have fallen 14%, trimming Musk’s wealth.
Gokaldas Exports, KPR Mill & other textile stocks surge up to 7% on hopes of Trump’s tariff U-turn
US President Trump confirmed ongoing trade negotiations with India, saying that they will be completed soon. Prime Minister Modi echoed optimism and said talks could unlock the full potential of the India-US partnership, boosting investor sentiment on the D-Street.
Vikram Solar shares surge 13% after Q1 net profit rockets 484% YoY
Vikram Solar’s share price rose sharply on Wednesday after the recently listed company posted a stellar Q1, with net profit soaring 484% YoY to Rs 133 crore and revenue climbing 80% to Rs 1,134 crore. Strong policy support, rising energy demand, and fresh solar module orders lifted investor sentiment.
US tariffs a geopolitical event, could turn growth-negative but bond-positive: Prashant Pimple, Baroda BNP CIO
New U.S. tariffs, driven by geopolitical concerns over India’s oil imports from Russia, may slow growth but paradoxically benefit bond investors. However, fiscal pressures and supply-demand imbalances are currently pushing yields higher. Despite near-term volatility, current levels offer potential investment opportunities, especially if GDP growth remains moderate and inflation stays near target.
India’s fixed-income in a rare sweet spot—benign inflation, strong flows, easing bias: Chirag Doshi
India’s fixed-income market is currently in a favorable position due to low inflation, supportive policies, and consistent domestic and foreign demand. Investors should aim for a balance of carry, quality, and tactical flexibility by building a solid core, selectively adding duration, and maintaining cash reserves to capitalize on volatility. This approach will define performance in […]
View: India needed tax reform. It got a new rate card
India’s consumption tax cuts, hailed as a major reform, have yet to impress the stock market, overshadowed by concerns like US tariffs and implementation challenges. While some sectors like autos may benefit, broader investor sentiment remains cautious due to complexities in the new tax structure and uncertainties surrounding consumer spending and global economic headwinds.
Gold takes a breather as focus turns to US inflation data
Gold prices remained steady on Wednesday. Investors are waiting for important inflation reports later this week. Expectations of a U.S. interest rate cut this month helped keep gold above $3,600 per ounce. The dollar index rose, making gold more expensive for other currency holders. Focus is now on U.S.
Urban Company IPO opens today with 35% GMP: Should you subscribe?
Urban Company’s Rs 1,900 crore IPO opens today, priced at Rs 98–103 per share, featuring a fresh issue and offer-for-sale. GMP indicates a 35% premium, reflecting strong demand. Founded in 2014, the company connects customers with service professionals and reported Rs 1,144.5 crore revenue in FY25, turning profitable.