BUSINESS
Marico eyes 13-15% revenue growth over 3-4 years: Saugata Gupta
In the current year company aims to deliver on annualized basis 8 percent volume growth.
BUSINESS
MF wrap: Industry to witness flurry of regulations from SEBI
The AUM of the mutual fund industry currently stands at Rs 24 lakh crore.
BUSINESS
Arvind Fashions eyes Rs 7,500 crore revenue by 2022: J Suresh, CEO
Arvind Lifestyle Brands will be listed as Arvind Fashions after the demerger. According to Suresh, the listing may happen by end of January or in the first week of February
BUSINESS
IDFC shelves plan to sell AMC business
Two sources in the know of the development, including a senior executive, confirmed to Moneycontrol that IDFC Ltd has shelved its plans to sell the asset management company.
BUSINESS
SEBI to implement valuation norms for debt securities shortly, says ED Muralidhar Rao
There was a need to review valuation norms in order to ensure interest of incoming, outgoing and existing investor is protected.
BUSINESS
SEBI to soon issue detailed guidelines on side pocketing for mutual funds
SEBI allowed side pocketing after multiple defaults by Infrastrucure Leasing and Financial Services (IL&FS)
BUSINESS
Zydus Wellness expands portfolio by launching sugar lite
The company is in the process of reaching out to retail outlets. The product was first launched on e-commerce platforms
BUSINESS
Credit Suisse betting on industrials, corporate banks; underweight on consumer discretionary
Credit Suisse believes there is a risk of earnings cuts to bring growth closer to historical trend and also that of P/E de-rating once these aggressive estimates do not play out
BUSINESS
Top 10 wealth creator mutual fund schemes of 2018
The IT sector has been riding on good earnings show by the IT giants in India. The depreciating rupee is in the last few years boosted the fortunes of the technology sector
BUSINESS
Indian FMCG sector gaining momentum with changing lifestyles: Industry experts
Brands that matter will be those that stand up for an issue — societal or environmental — and are defined by authenticity and consistency
BUSINESS
Marico eyes 8-10% domestic volume growth in FY19
The company that makes Parachute and Saffola, is also bullish on rural consumption this fiscal.
BUSINESS
Gold funds regain sheen after more than 2 years, can the interest sustain?
Asset managers said that volatility and uncertainty in other asset classes have prompted investors to turn to safe-haven investments
BUSINESS
Kotak Mutual Fund is betting on these 5 sectors in 2019
While current valuations are not cheap, the fund house expects a further pick-up in earnings
BUSINESS
This week in MFs: AUM up 8% in Nov-end but equity inflows dwindled
Mutual funds experts said that investments via systematic investment plans continued despite volatile equity market last month
BUSINESS
Can HUL's GSK unit acquisition revitalise health drinks business
HUL, along with its formidable retail reach and marketing acumen, will bring new life in the heath food drinks segment, which is dominated by GSK's Horlicks and Boost
BUSINESS
Bank funds give highest average return in one month; international funds worst hit
Among international funds, the worst hit scheme was Kotak World Gold Fund that gave a negative average return of 10.58 percent
BUSINESS
Essel Mutual Fund mulls overnight scheme; to seek SEBI approval soon
After the recent default at IL&FS, which hit liquid schemes, fund houses are now looking at overnight funds, which are less risky than liquid funds
BUSINESS
Govt's move to divest stake in Pawan Hans at advanced stage: DIPAM Secy Chakraborty
Last year, the government had invited bids from private companies, including foreign ones, to buy out its stake in Pawan Hans
BUSINESS
FMCG Wrap: EY says consumer-facing companies need to take bold transformation plans
The EY FutureConsumer.Now imperatives are a result of qualitative research work with more than 200 business leaders, futurists and professionals from a variety of different industries for over a year
BUSINESS
Reliance MF fixed income fund manager Prashant Pimple resigns
According to a source, Pimple is serving his notice period at Reliance Mutual Fund. Where he is headed next is unknown
BUSINESS
Union MF's Vinay Paharia: We're overweight on IT, energy stocks; underweight on financials
He expects the equity market to remain volatile responding to incoming events and data
BUSINESS
SEBI asks AMFI to get ready for self-regulatory body of distributors: Sources
The SRO for mutual fund distributors will be responsible for micro-regulations of its members
BUSINESS
Samco Securities keen to make a mark in mutual fund ranking space; launches RankMF
There are already existing mutual fund ranking platforms such as CRISIL, Value Research, and Morningstar.
BUSINESS
Trust, transparency, technology: Former SEBI chief Damodaran's mantra for MF distributors
Damodaran believes that misselling is not restricted to just selling products that should not be sold to customers. It also includes not selling a good product to them
