GIFT Nifty achieved a new milestone recording an all-time high monthly turnover of $100.7 billion as on September 30, 2024. This feat surpassed its previous record of $100.13 billion set on August 30, 2024. This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story, NSE … Read more
Americans have a huge automotive debt problem right now. A new survey shows that 31 percent of American drivers who financed their car are underwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Furthering the issue is the fact … Read more
Dhirendra Kumar, CEO, Value Research, says almost one-fourth of the SIP money is coming by way of private sector and NPS and NPS is not 15% equity. It is 75% into equity and that too into only top 200 stocks, and that has not been noticed by investors and is not being talked about because … Read more
Trideep Bhattacharya, CIO-Equities, Edelweiss MF, says within the various flexi caps that are there, it is important to have a reasonable mix of funds if there are more than one, where the large, mid, and small mixes are quite different. In case of multiple flexicaps, the overlaps would be relatively smaller, so to speak. So, … Read more
Nazara Technologies, India’s leading diversified gaming and sports media company, announced its largest fundraise of Rs 900 crore to boost its growth trajectory. The company’s board has approved the fundraising through a preferential equity, subject to shareholder and regulatory approvals. This capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company’s ability … Read more
Market regulator Securities and Exchange Board of India (Sebi) has reduced the time taken for credit of bonus shares and their eligibility for trading to two days from the record date. In a circular issued on Monday, Sebi enabled T+2 trading of the bonus issue which means that the shares allotted in the bonus issue … Read more
Non-bank financial institution Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors, days before the opening of its share-sale for public subscription. SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant Mutual Fund … Read more
To promote ease of doing business, markets regulator Sebi on Wednesday allowed securities funded through cash collateral to be considered as maintenance margin for margin trading facility (MTF). The move will also help alleviate the burden of additional collateral towards the maintenance margin for the margin trading facility. The development took place after the Securities … Read more
Goldman Sachs bought over 13 lakh shares in Arvind Fashions via block deal on Wednesday at a cost of Rs 75.35 crore. The American multinational investment bank and financial services company bought Arvind Fashion’s shares at a price of Rs 574.73 per share via Goldman Sachs Funds – Goldman Sachs India Equity Portfolio. This is … Read more
“Never mind even the yen carry trade, my sense is it is also gradually unwinding and some of the good analysis also is there in the market. So, I think all said and done, yes, that will continue. But I think we can look forward to about three rate cuts, about 25 basis point, one … Read more
