BUSINESS
Open to acquisitions in international markets: Marico CFO Vivek Karve
Karve feels capability building is a challenge in all international markets because of the non-availability of the right level of competency among local talent.
BUSINESS
Medimix MD eyes double-digit revenue growth in FY20, lines up slew of launches
Launched in 1969 by Late Dr VP Sidhan, Medimix is a pioneer in ayurveda space.
BUSINESS
Camel milk brand Aadvik Foods aims to grow at 30-40% in FY20
The alternate milk like goat and camel milk is expected to increase to 5 percent of the total dairy consumption in India
BUSINESS
Nestle insulated from slowdown due to lower exposure to rural segment, may increase prices selectively : CMD Narayanan
Only 20 percent to 25 percent of Nestle's sales come from rural and the rest comes from urban markets.
BUSINESS
Will examine show-cause notice from NAA: Nestle India head Suresh Narayanan
On December 12, NAA imposed a penalty of Rs 90 crore on Nestle India for not passing on the benefit on rate reduction to consumers.
BUSINESS
Expect revival in Q3; affordable housing to be key driver: Shalimar Paints' Ashok Gupta
After reporting losses in the last few quarters, Gupta is hopeful for a positive third-quarter numbers.
BUSINESS
Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
Financial experts said the returns projected by Edelweiss will happen only if the ETF is held to maturity and in the event of interest rates moving up, there could be mark-to-market losses.
BUSINESS
Simplex Infra's rating downgrade dents NAV of HDFC Credit Risk Fund by 30 bps - Is there more pain in the offing?
HDFC Credit Risk Debt Fund had an exposure of Rs 124.11 crore to the secured non-convertible debentures (NCDs) issued by Simplex Infrastructures
BUSINESS
Future Supply Chain eyes revenue of Rs 10,000 crore over 4-5 years
Future Supply Chain will continue to focus on serving consumption-driven sectors like fashion, footwear, food, FMCG, electronics, and furniture
BUSINESS
Manulife sees potential in India's mutual fund space; expects AUM to touch Rs 42 lakh crore in 3 years
Manulife intends to bring in simple products to India through Mahindra AMC JV as they are keen to penetrate further in the hinterland
BUSINESS
SIP AUM touches all-time high of Rs 3.12 lakh cr in November; inflows at Rs 8,272 cr
In the calendar year 2019 so far, total inflows through SIPs stood at Rs 65,880 crore.
BUSINESS
AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%
Liquid funds, which are used by companies to park their surplus cash, saw inflows of Rs 6,938 in November versus inflows of Rs 93,203 crore in the preceding month
BUSINESS
UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB?
At present SBI, LIC, BoB, each hold nearly 18.5 percent stake in UTI AMC besides having their own independent mutual fund houses.
BUSINESS
Deloitte's Re 1 advisory fee for BPCL disinvestment irks peers
Deloitte had quoted a similar price for its services in the divestment process of Container Corporation of India.
BUSINESS
Mahindra AMC to launch large-,mid-cap equity fund this month, awaits SEBI mandate for pension products
In June, Toronto-headquartered Manulife picked up a 49 percent stake in Mahindra Asset Management for Rs 250 crore
BUSINESS
Equity markets will be in resurgent mode in 2020: Anoop Bhaskar, IDFC Mutual Fund
He said that although liquidity in the system has improved, the RBI needs to take more measures.
BUSINESS
HDFC MF’s Prashant Jain expects mid-, small-caps to catch up with large cap rally soon
In the last three years starting Jan 1, 2016, while BSE Sensex has surged nearly 50 percent, BSE Midcap rose 33 percent and BSE Small-Cap went up by merely 13 percent.
BUSINESS
SEBI’s debt ETF norms comes with investment restrictions, exempts govt debt from regulations
A debt ETF is a collection basket of such corporate debt paper wherein the maturity duration of these bonds shall be close to each other.
BUSINESS
Tata MF sees economic recovery after 1-2 quarters, earnings growth in 10-12% range
The fund house recommends investors to continue with their investments in mutual funds with a medium to long term horizon
BUSINESS
FMCG companies aim for 100% recyclable plastic packaging by 2025
Most FMCG companies are taking initiatives to reduce collect and recycle multi-layered plastic
BUSINESS
Unable to buy Limcee Vitamin-C tablets from medical stores? Blame it on China
When Kothari prodded his chemist, he told him that there is shortage of Rs 15 - Limcee pack in the market, and what he is offering is the reformulated version of Limcee, called Limcee Plus.
BUSINESS
Aditya Birla Sun Life MF gets Rs 840 cr for Zee shares
On November 26, HDFC Asset Management Company and ICICI Prudential Asset Management Company had said that they received repayment of NCDs from Subhash Chandra-led Essel Group.
BUSINESS
MFs say Karvy Fintech operations not affected by Karvy Stock Broking ban
Most AMCs are also planning to inform the investors through a letter that they need not worry about their investments in mutual fund schemes.
BUSINESS
Essel Group clears NCD dues of ICICI Pru AMC; HDFC AMC gets partial repayment
HDFC Mutual Fund received a total of Rs 167 crore while ICICI Prudential AMC received Rs 270 crore from Essel Group.
