Samir Arora, founder of Helios Capital, disclosed that India’s mutual fund SIP numbers are overstated, with actual net flows at Rs 10,000 crore monthly. He advised balancing market enthusiasm with vigilance on valuations and potential risks. Arora also warned about tax hikes impacting FII investments and recommended a careful approach to choosing stocks.
Swiggy shares rally 6% on receiving approval for incorporation of new subsidiary
Swiggy’s shares rose after the company announced the incorporation of its new subsidiary Swiggy Sports Private Limited, approved by the Ministry of Corporate Affairs. The