BUSINESS
Five key highlights for equity markets based on latest AMFI numbers
Equity mutual funds hit a record high of Rs 29.34 lakh crore, constituting 45 percent of the industry's AUM. The net inflows for July were Rs 37,130 crore, slightly lower than June's Rs 40,608 crore.
BUSINESS
India's top three business families valued close to Singapore's GDP: Barclays-Hurun report
The report said that the top 10 families are collectively worth a total of Rs 60.09 lakh crore.
BUSINESS
Metals, Energy and IT see maximum FPI selling in July
As per NSDL data, July saw FPIs selling shares worth nearly Rs 3,000 crore in the metal & mining space, followed by Rs 2,635 crore selling in oil & gas, and Rs 2,498 crore in the power segment. The IT segment saw FPIs offloading shares worth Rs 981 crore.
BUSINESS
AMFI likely to knock govt doors again for restoring indexation benefits
While the government has decided to restore indexation benefits for the real estate industry, no such rollback has been announced for the mutual fund industry, which has already written to the government seeking certain relaxations in the Budget announcements.
BUSINESS
Why small caps will continue to sizzle
Experts believe that going ahead, investors should maintain more realistic expectations when it comes to returns.
BUSINESS
ABB India earnings preview: Robust growth across segments to drive revenue
ABB India stock price has gained around 66 percent over the last one year and around 503.5 percent over the last five years.
BUSINESS
Could a rate cut by US Fed perk up markets? Here's what four leading fund managers say
Given the combination of weak global macros, a section of fund managers believes that a marginal rate but by the US Fed might not help assuage investor concerns.
BUSINESS
Tata Power Q1 Preview: Revenue, net profit to rise amid growth in solar and thermal power generation businesses
Tata Power is expected to report a 14.7 percent YoY increase in revenue at Rs 17,457 crore in Q1FY25, as per the average estimates of five brokerage firms.
BUSINESS
EVs, semiconductors, and electronics to drive emerging sector capex in India: ASK Report
The report estimates that from FY2024-2028, "emerging sectors are projected to account for around 27 percent of capex". This shift will be driven by focus on green transition, supply chain re-alignment and focus on emerging sector and benefits under PLI scheme.
BUSINESS
MFs continue to remain positive on real estate stocks even as govt axes indexation benefit
In the Union Budget 2024, the government reduced the long term capital gains tax on real estate transactions from 20 percent to 12.5 percent while doing away with indexation benefits.
BUSINESS
Mutual funds get active with passive scheme NFO launches
Data from Ace Equity MF shows that as many as 63 passive scheme NFOs have been launched in 2024 till date -- higher than the 51 schemes launched in the whole of 2023.
BUSINESS
Size does matter: Large fund houses lead the way in NFO launches
In the current calendar year, fund houses like Tata Mutual Fund, Kotak Mutual Fund, Mirae Asset Management, SBI MF and HDFC MF feature among the top of the table in terms of the number of NFOs launched.
BUSINESS
Why SBI MF believes this is the right time to invest in innovation
The fund will focus on innovation across sectors like adtech, fintech, e-commerce, cloud computing, EVs, and clean energy.
BUSINESS
NTPC Q1 Preview: Revenue to grow on increase in power demand, sales
The most optimistic estimate sees NTPC’s net profit jumping 9 percent year-on-year, but the most pessimistic projection suggests that net profit will fall around 1.5 percent.
BUSINESS
MFs see silver lining in tax hike: Higher tax could lead to longer holding periods for investors
Tax is just one of many factors for investing in mutual funds, so the tax hike isn’t a game-changer for equities, say mutual fund industry experts
BUSINESS
Are water stocks set to make the next big splash?
While presenting the budget on Tuesday, Finance Minister Nirmala Sitharaman said that the Centre will be working in partnership with the state governments and Multilateral Development Banks to promote water supply, sewage treatment and solid waste management projects and services for 100 large cities through bankable projects
BUSINESS
Power Grid Q1 preview: Strong growth likely on the back of telecom, consultancy biz, capex
Net profit is also expected to grow to Rs 4,028.2 crore in the quarter ending June 2024 from Rs 3,382.8 crore in the quarter ending June 2023.
BUSINESS
Hike in capital gains tax only a temporary concern, say MF players
While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman proposed increasing the tax on LTCG from 10 percent to 12.5 percent while increasing the STCG from 15 percent to 20 percent.
BUSINESS
Here are the key themes likely to be in focus post Budget
Sitharaman presented a budget with a mixed bag of announcements that many view as a balancing act between pleasant surprises and mild shocks.
BUSINESS
Government push for self-sufficiency and rising demand keeps market upbeat on Semiconductors
In December 2021, the government launched the India Semiconductor Mission, announcing an Rs 76,000-crore chip incentive scheme, offering a 50 percent subsidy on capital expenditure for plant setup.
BUSINESS
Capital goods sector optimistic on increase in infrastructure spends, continued capex
Market participants also expect the budget to indirectly benefit various sub-segments within the capital goods universe through allocations to infrastructure areas such as roads, railways, and defence.
BUSINESS
Street eyes higher allocation for renewables, incentives as power demand rise
They also expect the Finance Ministry to extend the eligibility for the ISTS waiver for renewable projects beyond June 2025.
BUSINESS
Street remain optimistic on increase in defence capex spend
India is the fourth largest military spender globally. As per latest data from SIPRI, in 2023, at $83.6 billion, India’s military expenditure was 4.2 per cent higher than in 2022.
BUSINESS
'Tahe dil se shukriya ada karte hain…,' says Sebi chief Madhabi Puri Buch to SBI MF; here's why
Buch also praised the culture of the bank, which has manifested in its subsidiary, and thanked every member of the SBI Mutual Fund 'family' for their support and service
