Last day to buy shares of Dev Information Technology for 5:2 stock split eligibility. Check details
Investors interested in Dev Information Technology’s stock split should buy shares today. August 21 is the record date. The company announced a 5:2 stock split, reducing the face value. This makes shares more affordable and increases liquidity. Buying shares tomorrow won’t qualify for the split. Stock splits attract retail investors and boost trading volumes.
Asian shares, Nasdaq futures fall after tech slide
Asian equities declined following Wall Street’s tech selloff, triggered by Nvidia’s slump and concerns over an overextended rally. Investors are reducing tech positions amid worries the rally has moved too fast, with attention shifting to Jerome Powell’s upcoming speech at Jackson Hole.
How can investors accurately track and evaluate mutual fund performance?
With a surge of 7.8 million new investors, understanding mutual fund performance is crucial. Investors should track returns using NAV, assess risk-adjusted returns, and consider portfolio turnover. Evaluating equity funds involves comparing them to relevant benchmarks and peer funds over a 3-5 year horizon, while index funds should exhibit minimal tracking error.
Private credit investments up 53% in H1 led by SP Group deal
Private credit investments in India surged 53% to $9 billion in the first half of 2025, driven by Porteast Investments’ record $3.1-billion deal. Adani Group, GMR Infra, and Manipal Group also raised significant funds. Private credit is gaining momentum as public sector banks and NBFCs reduce large exposures, filling funding gaps in infrastructure and real […]
Housing finance companies under lens over lending faults
The National Housing Bank is intensifying its scrutiny of housing finance companies due to breaches in loan-to-value regulations, particularly for high-value home loans exceeding ₹75 lakh. Lenders are found to be disbursing loans up to 90% LTV, violating the stipulated 75% cap.
Expansion plans & easing asset woes to lift CreditAccess
CreditAccess Grameen’s stock has surged following the appointment of a new CEO and strategic initiatives. The company is addressing asset quality concerns through accelerated write-offs, expecting normalization by the December quarter. Expansion plans include opening 200 branches, with a focus on retail financing to drive future growth and profitability, anticipating improved credit growth in the […]
Housing finance companies struggle as mortgage rate war intensifies
Housing finance companies face challenges. Public sector banks aggressively price mortgage rates. This squeezes HFC margins. Loan disbursals grow, but AUM doesn’t keep pace. Borrowers are shifting loans. Bajaj Housing Finance saw a profit decline. LIC Housing Finance also feels the rate war. Competition is intense, impacting even large players. Margin pressure is expected to […]
Investors see higher returns in sector-specific stocks over benchmark indices in 2025
In 2025, sector-specific and thematic investments outperformed benchmark indices like Sensex and Nifty, which saw gains of 4.5% and 5.6% respectively. Several NSE indices, including Defence, Capital Markets, Auto, Bank, Metal, and India Consumption, surged between 7% and 19%. While most indices showed a mix of performers, the Nifty IT index lagged, contrasting with the […]
Easing of IPO rules likely to pave way for a Reliance Jio listing: Citi
Sebi may ease IPO rules for mega companies. This could help Reliance Jio’s stock market debut. New rules could lower the required share float. Citi believes this reduces market supply concerns. Jio may only need a 2.5% float. Reliance’s annual meeting is on August 29. Investors await Jio listing updates. The move aims to prevent […]
Rupee gains 40 paise, surges above 87/$ as GST reforms lift mood
The Indian rupee surged to its highest level in August, surpassing 87 against the dollar, fueled by optimism surrounding indirect-tax reforms and a significant drop in crude oil prices. A sovereign ratings upgrade, the first since the global financial crisis, further bolstered the rupee, closing at 86.9550/$. Positive sentiment was driven by growth-oriented policies and […]