BUSINESS
SIPs see highest inflows despite market fall in March
Equity funds registered highest-ever inflows of Rs 11,723 crore in FY20.
BUSINESS
DSP MF sees severe cuts to corporate earnings if lockdown is extended
Vinit Sambre, Head-Equities, DSP Mutual Fund, feels travel, tourism and retail sectors have been the hardest hit due to the lockdown
BUSINESS
AMFI March data: Liquid funds most hit; inflows into equity funds surge despite volatility
The suffering category was Hybrid schemes category. Within this category, Balanced funds' category registered outflows of Rs 1,515 crore and Arbitrage Funds saw a huge unprecedented outflow of Rs 33,767 crores in March.
BUSINESS
Betting on healthcare, good quality industrials: Navneet Munot, SBI MF
The current crisis may force marginal players to shut shop, he feels.
BUSINESS
Coronavirus pandemic | Retail sector's recovery hinges on government support, say experts
In the absence of major support, as many as 20-25 percent of retailers may be out of business or will need dire financial infusion to stay afloat.
BUSINESS
Coronavirus impact | New cut-off timings to lessen the load for fund houses
RBI has also curtailed the market hours for various segments of bond markets to four hours – 10 AM to 2 PM.
BUSINESS
MFs reopen small-cap funds for lumpum investments
The current market phase is very similar to 2013 wherein significant correction in small cap stocks was seen.
BUSINESS
Mutual Funds Wrap: Industry gets a new player in the number one spot
Overall, assets under management grew to Rs 27.02 lakh crore in January-March 2020 from Rs 24.4 lakh crore in October-December 2019.
BUSINESS
Coronavirus pandemic| Staff shortage leads grocery firms to seek talent elsewhere
The entire retail industry (including grocery stores) is seeing a slowdown over the last two weeks. Talent shortage has amplified the problem
BUSINESS
Coronavirus impact | Retailers, government join hands to ease supply chain woes
RAI is also in discussions with online food delivery firms like Swiggy and Zomato for last-mile delivery of essentials.
BUSINESS
Coronavirus impact: Retailers Association sees losses impacting the sector; revival to take 6 months
Globally, retail is given lot of importance and lot of bailout packages have been given but in India not a single incentive has been given so far.
BUSINESS
Valuations not as low as 2008-09 crisis: Vetri Subramaniam, UTI AMC
"Corporate sales growth and profits may be adversely affected in FY21. But if we can navigate this period well, then a recovery should set in thereafter," Subramaniam said.
BUSINESS
Coronavirus lockdown | Zomato, Swiggy may soon deliver groceries at your doorstep
Considering the acute shortage of manpower due to the exodus of workers and travel restrictions during the lockdown, offline stores are finding it difficult to manage walk-in customers and home deliveries at the same time
BUSINESS
Coronavirus impact: Companies launch hand sanitiser sachets for as low as Re 1
The sachets are launched with an aim to make it easily affordable and accessible largely in kirana stores.
BUSINESS
Will RBI’s move to waive MTM rule for banks prompt MFs to demand same from Sebi?
RBI measures will ease the liquidity freeze in the bond markets and bring down the yields. This should reverse the mark-to-market losses seen by investors in the recent past.
BUSINESS
Coronavirus impact | Labour shortage leading to tardy distribution of essentials: FMCG distributors
"The major issue we are facing is lack of manpower, particularly loaders. I have received the products from the manufacturer but how do I distribute?” said a Mumbai-based distributor of Marico and RB India (Reckitt Benckiser)
BUSINESS
Coronavirus impact | Hand sanitiser sales up 53% in February: Nielsen India
"In 11 states, we have witnessed more than 40 percent growth compared to a year-ago period," said Sameer Shukla, West Market Leader, Nielsen Global Connect, South Asia.
BUSINESS
Henkel aims to invest 50mn euro more on Pune manufacturing unit in next 5 years
Phase I and II of the manufacturing unit has been completed and the company is planning to start Phase III and IV soon
BUSINESS
Grofers, on track to surpass FY20 sales target of Rs 5,000cr, lauds budget measures
In all 27 lakh, customers shopped during GOBD, of which 10 lakh were new users. During the sale, more than 32 lakh orders were placed on the platform
BUSINESS
Right time to look at credit risk funds: Shobhit Mehrotra, HDFC MF
Credit risk funds invest in corporate debt paper or corporate bonds which are below highest grade rating.
BUSINESS
DDT abolished - Here's how it will affect HNIs choosing dividend option in MFs
The Finance Bill 2020 contains a provision that the mutual funds need to deduct tax at source (TDS) at 10 percent if the dividend payout is more than Rs 5,000
BUSINESS
Welspun India bets big on flooring business
Welspun Flooring will offer stone polymer composite luxury performance tiles, carpet tiles and wall-to-wall carpets.
BUSINESS
UTI MF, Nippon India, Aditya Birla MF will not segregate Vodafone Idea debt investment
In all four fund houses have exposure to bonds of Vodafone Idea. Franklin Templeton Mutual Fund, Nippon India Mutual Fund,UTI Mutual Fund and Aditya Birla Sun Life Mutual Fund
BUSINESS
Mumbai malls open 24/7: Day 1 witnesses lukewarm response
On January 22, the Cabinet of Maharashtra approved a proposal to allow malls and eateries to remain open in Mumbai 24×7 from January 27.
