Want to track your mutual fund performance but unsure where to begin? Fret not!—ET Markets has got your back! In a special episode of ET Smart Investor, we sat down with Arun Kumar, VP & Head of Research at FundsIndia, to get expert insights on the best methods for monitoring fund performance. Excerpts: What’s the … Read more
Low cost carrier SpiceJet has said that Carlyle Aviation Partners — the aircraft financing unit of global private equity giant Carlyle Group — will convert a portion of their debt into equity. The agreement allows restructuring of certain aircraft lease obligations of SpiceJet aggregating to $137.68 million which upon settlement/waivers will be adjusted to $97.51 … Read more
“We have been adding consumption driven names and have been cutting beta by adding exposure to defensives such as Pharma, consumption and to some extent IT names,” says Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers Limited. In an interview with ETMarkets, Gohil said: “We are cutting exposure in infra-related capital goods companies and … Read more
Foreign Portfolio Investors (FPIs) were net buyers of Indian equities in August, purchasing shares worth Rs 7,320 crore. The total investments by them now stand at Rs 42,886 crore, so far in 2024. In July, FPIs bought domestic shares worth Rs 32,365 crore while in June, they were net buyers at Rs 26,565 crore after … Read more
Nifty ended Thursday’s monthly expiry session with a gain of about 100 points after scaling a fresh record high. The intraday bounce from the 25,000 level suggests strong support at this level. With today’s strong close, prices have now surpassed the previous swing high, confirming a “Saucer” formation and signaling the potential for further upside. … Read more
Tata Steel on Wednesday said it has acquired about 178 crore additional equity shares of T Steel Holdings Pte Ltd for USD 280 million, taking the total fund infusion into its Singapore-based arm to USD 1,337 million. “Tata Steel acquired 1,78,34,39,490 ordinary equity shares of face value USD 0.157 each aggregating to USD 280 million … Read more
Foreign investors infused Rs 11,366 crore in the Indian debt market so far this month, pushing the net inflow tally in the debt segment to over the Rs 1-lakh-crore mark. Foreign investors’ strong buying interest in the Indian debt market can be attributed to India’s inclusion in JP Morgan’s Emerging Market government bond indices in … Read more
Private equity firm Warburg Pincus on Thursday exited Kalyan Jewellers, selling 2.36% stake in the company to promoter T S Kalyanaraman and the remaining 6.81% via block deal. The US-based company held 9.17% in Kalyan Jewellers as on June 30, 2024 through its affiliate Highdell Investment. It held the stake since 2014. Commenting on the … Read more
Image: Columbia War Machine YouTube Somehow in 2024, people are still destroying products made by companies they feel have “gone woke.” Youtuber Columbia War Machine recently destroyed his Harley Davidson for YouTube views, due of course, to woke. Harley Davidson Went Woke! So I Destroyed My Bike!!! Initially, it almost seems like a Connor O’Malley … Read more
The head of India’s markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch’s investigations surrounding the Adani Group due to her previous investments. The … Read more
