BUSINESS
HSBC MF launches large and midcap equity fund; offer to close March 25
The open-ended equity scheme invest 0-35 percent of its corpus in largecap and midcap stocks
BUSINESS
SIPs withstand volatile markets: MF industry adds Rs 8,095 crore to SIP kitty in February
Fund managers said investors have continued to retain their faith in SIPs despite the market volatility. At the same time, they fear investors might discontinue SIPs after looking at the negative returns
BUSINESS
SEBI turns down AMFI’s request to do away with daily AUM disclosure; changes formula for B30 trail commission
SEBI said that mutual funds will have to disclose daily assets under management of schemes coupled with additional benchmark and product labelling
BUSINESS
Mirae Asset MF is betting on 3 sectors, suggests avoiding these 4 plays
Mirae Asset is getting incrementally positive on the pharmaceutical sector as well but is underweight on PSBs, infrastructure/construction, real estate, and consumer staples
BUSINESS
NBFC crisis fallout: BNP Paribas-owned Sharekhan drops plan to enter biz; may surrender license
The group’s non-banking finance company (NBFC) arm in India was to be called Sharekhan BNP Paribas Financial Services
BUSINESS
MFs could use commodity derivatives as hedging tool
This move will prompt fund managers to float independent commodity funds or commodity dedicated funds and hybrid schemes
BUSINESS
Aditya Birla Sun Life MF garners Rs 100 crore via Bal Bhavishya Yojna NFO
The scheme attracted investors from 244 locations across the country with 55 percent applications coming from B30 cities
BUSINESS
Tie up with 7-Eleven to strengthen Future Retail's small format store chains
With this tie up, some existing convenience stores of Future Retail may be rebranded as 7-Eleven.
BUSINESS
AkzoNobel targets double digit growth in India; looks to spearhead premium paints
Currently, decorative paints constitutes 60 percent of company’s revenue
BUSINESS
Ethnic wear retailer Soch in talks with 3 PE players for stake sale
In November last year, CX Partners was close to buying around 30% stake in Soch. In 2017, Vedant Fashions was also in talks to acquire Soch
BUSINESS
Bigbasket aims to double revenue growth to Rs 7,000 crore in FY20
Co-founder and Chief Executive Officer Hari Menon said Bigbasket is well on track to achieve its target of closing FY19 with a revenue of Rs 3,500 crore.
BUSINESS
Retailers Association demands national policy for internal trade from DPIIT
The industry body thinks that the sector is plagued with business challenges such as inadequate physical infrastructure and complex regulatory environment
BUSINESS
After taking products off Amazon, Shoppers Stop seeks clarity from govt on e-comm policy
The retailer has witnessed a slowdown in the demand and expects a single digit growth in the Jan-Mar quarter of FY19.
BUSINESS
MF wrap: Equity fund folio helps add 6.62 lakh investor accounts in January; gold ETFs hit
Folios are numbers designated for individual investor accounts, though one investor can have multiple accounts
BUSINESS
What Reliance Capital earns if Nippon picks up its 42.88% stake in AMC JV
Most analysts believe the stake sale will happen at a premium to the current market price
BUSINESS
31 Saridon pain relief tablets sold every second, says Nandini Piramal
Piramal said they will expand their healthcare product portfolio and aim to be among the top three over-the-counter (OTC) product companies in India by 2020
BUSINESS
AMFI CEO N Venkatesh says SIP flows intact; debt funds may slow down in February
Venkatesh mentioned that systematic investment plans have continued to show an upward trend despite volatile markets.
BUSINESS
Canara Robeco MF expects no euphoria before elections; recovery likely in mid & small-cap stocks
Nimesh Chandan, Head-Investments (Equities) at Canara Robeco Mutual Fund shares his outlook on markets in an election year and how earnings will drive the performance of certain sectors.
BUSINESS
Gits Food targets double digit revenue growth in FY20
Gits Foods banks on new products and business strategies to drive growth
BUSINESS
SIPs plummet after SC, UIDAI disallow Aadhaar authentication for MF investments
Most fund managers agree that the mutual fund industry has witnessed drop both in terms of new SIP registrations as well as in the number of discontinuations
BUSINESS
Reliance Capital AMC's Deputy CEO Himanshu Vyapak resigns: Sources
If market grapevine is to be believed, then Vyapak may join Yes Mutual Fund.
BUSINESS
FMCG Q3 review: Steady quarter; volume grows, rural picks up pace
In buisness segments, challenges are faced by ITC in cigarettes, and by Marico and HUL in their consumer segments because of already tough competition from unlisted companies like Patanjali and Sri Sri.
BUSINESS
We plan to open 1,000 stores, says Sri Sri Tattva MD Arvind Varchaswi
On its international footprint, he said the brand is looking to export its products to 70 countries at least by this year-end.
BUSINESS
Walmart India to open 5-7 stores in 2019, says CEO Krish Iyer
The company will be able to achieve its target of opening 50 stores by 2020
