India’s manufacturing activity saw a slight rebound in January, driven by increased new orders and output, though business confidence dipped to a three-and-a-half-year low. While consumer goods led the growth, capital goods lagged, and future output expectations weakened despite buoyant domestic demand and moderate international orders.
AlphaGrep enters MF space, eyes Rs 25,000-30,000 cr AUM in 3-5 yrs; to launch maiden scheme on Jul 6
The move comes after the company received approval from the Securities and Exchange Board of India (Sebi) to commence mutual fund operations.