BUSINESS
Quest for growth led to mis-selling in industry, says Reliance MF CEO
As per AMFI data, the average AUM has crossed 24 lakh crore in Q2FY19.
BUSINESS
Why are FMCG companies turning to e-commerce portals for product launches?
FMCG experts said it is a go-to-market strategy for these companies to promote their products first on an e-commerce portal to create the buzz about the product and judge customer behaviour
BUSINESS
MF Wrap: Fund houses on a spree of launching overnight funds
IDFC Mutual Fund, Reliance Mutual Fund, DSP Mutual Fund, DSP Mutual Fund have sought the SEBI’s approval to launch Overnight Funds
BUSINESS
Aim to grow iD Fresh into Rs 1,000 crore co in 3 yrs; venture into diet batter: CEO Musthafa
Breakfast was a luxury while I was growing up. So I thought I want to make something healthy and not so expensive for people
BUSINESS
Future Group CEO Kishore Biyani expects e-wallet business to touch Rs 30,000 crore next year
Currently, there are 5 million plus registered users on Future Pay.
BUSINESS
AMFI CEO N S Venkatesh says ample opportunity to tap Indian investment space for mutual fund advisors
Venkatesh sounded optimistic about India’s economic growth as he believes that India will be among the top 3 economies in the world over the next five to seven years.
BUSINESS
Dhirendra Kumar’s advice on how to handle market volatility: Do nothing
Dhirendra Kumar, CEO of Value Research, says investors who have a solid financial plan in place should not panic.
BUSINESS
Govt to ready structure for debt ETFs by March 2019: FinMin source
The source said the ministry is working out the ETF's structure with CPSEs by taking into account their financial needs over the next 3 years, 5 years and 10 years
BUSINESS
Confident of achieving FY19 divestment target: FinMin source
With the ongoing volatile equity markets, economy watchers feel the government may miss the target by a large margin unless some alternative steps are pursued in right earnest.
BUSINESS
Reliance Nippon CPSE ETF to open Nov 20, to raise Rs 8,000 crore
The government will raise Rs 8,000 crore through Reliance Nippon CPSE ETF with a greenshoe option to retain Rs 4,000 to Rs 6,000 crore
BUSINESS
Reliance Nippon AMC to raise Rs 8,000 crore via fourth tranche of CPSE ETF
Reliance Nippon Life Asset Management had filed draft papers with of third follow-on offer of CPSE Exchange Traded Fund last month
BUSINESS
Bigbasket in talks to raise $150-200 million in next few months
In a chat with Moneycontrol, Bigbasket's Co-Founder and CEO Hari Menon said he aims to raise funds from both existing as well as new investors
BUSINESS
Nasdaq-listed Ebix to acquire remittance company Weizmann Forex: Sources
India tops the list of nations in terms of remittances received. In 2017, the country received more than $60 billion in remittances
BUSINESS
MF Wrap: SIP inflows rise in first 7 months of FY19 despite markets being volatile
At present, domestic mutual funds have about 2.49 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes
BUSINESS
Investors rush to mutual funds; industry adds 11.45 lakh folios in October
During the month under review, equity schemes, balanced funds and equity-linked savings schemes (ELSS) added a total of 10.6 lakh folios between them
BUSINESS
Bigbasket chief Hari Menon expects 75% revenue jump in FY19 to Rs 3,500 crore
As part of the partnership, Yippee ‘My range’ will be available exclusively on Bigbasket for one week, following which it will be distributed to all modern format and general trade stores across India.
BUSINESS
ITC expands noodle portfolio, launches Sunfeast YiPPeenoodles in 4 variants
With this launch, the company intends to compete with Nestle’s Maggi, which has a market share of 60 percent in the instant noodle space.
BUSINESS
SIPs stay most preferred MF investment route in October, garner record Rs 7,985 crore
Mutual funds attributed the increased interest in SIPs to investor education and matured behavior of investors
BUSINESS
Hershey India forays into premium biscuit category; launches Sofit protein cookies
These cookies will be available in distinct ranges such as natural cocoa with flax seeds, mango with real almond bits, and raisins with flax seeds
BUSINESS
Rural growth for FMCG companies inching ahead of urban markets
For the last few years, the surge in agri business and rural sales has been the driving factor of future growth potential of FMCG businesses in India. Rural contributes 35-40 percent of overall sales value.
BUSINESS
Banking and building material stocks attractive after recent fall: Sorbh Gupta, Quantum MF
Gupta said that rising interest rates can impact equity flows into emerging markets like India
BUSINESS
MF wrap: AUM of B30 cities fell 11% in first half of FY19
In the first six months, S&P BSE Sensex rose 10 percent, but September alone, S&P BSE Sensex lost more than 2,400 points, or 6.2 percent
BUSINESS
Prabhat Dairy eyes retail route to double revenues
The company is looking to expand the franchisee outlets of Prabhat Goodness Zones in Tier II and III towns of Maharashtra
BUSINESS
Mondelez International sets up India technical centre worth $15 million in Thane
The centre has been set up with an investment of $15 million and it is the tenth technical centre around the world.
