Private credit deals to touch USD 10 bln in 2024: Report
Private credit deployments in India are expected to exceed USD 10 billion in 2024, according to a report by EY. The first half of 2023 saw over USD 6 billion in private credit transactions across sectors like real estate, infrastructure, and healthcare. Domestic funds are gaining market share, driven by local expertise and lower-cost domestic […]
Why mutual funds are bullish on passive schemes. Should you follow suit?
Mutual fund houses in 2024 have launched around 170 new funds, with a significant focus on passive schemes like index funds and ETFs. Experts suggest investors consider large-cap passive funds due to their lower expense ratios, while cautioning about the risks associated with sectoral and thematic funds.
Indians spending more on mutual fund SIP than medicines. Radhika Gupta explains the difference
Radhika Gupta posted on social media platform X, “First Mercedes then medicines. Everyone’s worried about being beaten by SIPs. But small correction – SIP is not a spend, but an investment in the future. Keep investing India.”
Kross IPO subscribed over 4 times so far on Day 3. Check GMP, other details
The IPO of Kross, which began bidding on Monday, was subscribed 4.2 times by Wednesday, the final day of the bidding period.By 11:45 am, non-institutional investors led the demand, subscribing to the issue 6.2 times, followed by retail investors with a 5.7 times subscription rate.
Regreen-Excel files IPO papers with Sebi; aims to raise Rs 350 crore
Regreen-Excel EPC India Ltd has filed papers with Sebi for an IPO to raise funds. The share-sale includes a fresh issue of Rs 350 crore and an offer-for-sale by promoters. The proceeds will be used for debt repayment, bank guarantees, and corporate purposes. The company specializes in ethanol plant projects.
Ashish Kacholia-backed smallcap stock surges 20% in 2 days, hits 52-week high; here’s why
Shares of smallcap firm Zaggle Prepaid Ocean Services, supported by ace investor Ashish Kacholia, surged 20% over the past two trading sessions on the BSE, reaching a 52-week high of Rs 420. This rally followed the company’s announcement of a new partnership with HDFC Ergo General Insurance Company.
Don’t exit auto for a few soft months of vehicle sales; be careful about cement: Dipan Mehta
Dipan Mehta of Elixir Equities discusses the potential for soft quarters in the auto industry and advises managing expectations. He also highlights Paytm’s resilience despite regulatory challenges and expresses the need to be cautious about the cement sector. Mehta notes that private sector capex is focused on startups, batteries, semiconductors, and data centers.
Bajaj Housing Finance IPO frenzy enters day 3! Check out top performing HFC stocks with up to 227% returns in a year
The Rs 6,560 crore IPO of Bajaj Housing Finance is receiving strong investor interest. As the stock prepares for its market debut next week, top-performing housing finance stocks over the past year include Hudco with a 227% gain, Mehta Housing Finance up 169%, and Parshwanath Corp nearly tripling investors’ wealth.
Ramco Systems shares jump 6%, hit 52-week high on Aviation Software 6.0 launch
Ramco Systems Share Price: Ramco Systems shares hit a 52-week high at Rs 455, up 6%, following the launch of Aviation Software 6.0, featuring advanced MRO and M&E capabilities.
Mach Conferences stock debuts with 33% premium on BSE SME platform
On Wednesday, Mach Conferences and Events made its debut on the BSE SME platform, listing with a 33.3% premium. The shares opened at Rs 300, well above the issue price of Rs 225. Prior to the listing, the stock was trading with a grey market premium (GMP) of about 76%.