Mumbai: An advisory committee at Bloomberg Index Services Ltd has recommended inclusion of Indian government bonds in the Bloomberg Emerging Market Local Currency Index and a formal announcement of this is likely in the coming days, people aware of the development said. “Following the advisory committee’s favourable recommendation, the process now goes to the relevant … Read more
Orlando: An engine of world growth for 20 years, the largest consumer of commodities and world’s number two economy has somehow slipped into “alternative investment” buckets for many global investors. China’s property bust and increasingly interventionist government, along with deepening geopolitical fissures with the United States, have dramatically dimmed its allure as a destination for … Read more
Benchmark indices fell on Monday due to profit booking amid mixed trends in global markets. The 30-share Sensex settled 523 points lower at 71,072 and the broader Nifty also closed 166 points lower at 21,616. Stocks that were in focus included names like Global Health, which rose 6.34%, MCX, which dropped 9.03%, and Apollo Hospitals, … Read more
Benchmark indices closed higher in a volatile trade on Friday. The 30-share Sensex climbed 167 points to settle at 71,595 and the broader Nifty rose 64 points to 21,782. Stocks that were in focus included names like RVNL, which fell 8.06%, BEML, which dropped 7.69%, and Swan Energy, whose shares jumped 6.95% on Friday. Here’s … Read more
Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in 2022, while scrolling through … Read more
Mumbai: Investors continued to buy equity mutual funds adding ₹21,781 crore in January, making this the 35th month of consecutive net inflows. These inflows climbed 28% from ₹16,997 crore in December. Contributions through systematic investment plans (SIP) surged to a record high of ₹18,838 crore in January higher by ₹1,228 crore than December’s ₹17,610 crore. … Read more
Benchmark indices rebounded nearly 1% on Tuesday following positive global trends. The 30-share Sensex climbed 454 points to settle at 72,186 and the Nifty gained 157 points to close at 21,929. Stocks that were in focus included names like YES Bank, which rose 11.62%, PB Fintech, which fell 6.15%, and Fortis Healthcare, whose shares increased … Read more
Financial planners insist investors must make a nominee in their mutual fund units in their own interest. This makes transmission of units simple and hassle-free for the beneficiary. The deadline for this is extended to June 30. WHAT DOES NOMINATION MEAN IN THE CASE OF A MUTUAL FUND? Nomination is the process of appointing a … Read more
Share indices ended lower on Monday, tracking the weakness in Asian markets, but there were several individual stocks in the market that were in action and public sector stocks were among them. The benchmark Nifty 50 ended 0.4% down at 21771.70 points, and the Sensex closed 0.5% lower at 71731.42 points. On the other hand, … Read more
ET Intelligence Group: Investors can consider investing in the initial public offering (IPO) of Kolkata-based Apeejay Surrendra Park Hotels. Presence in prime locations, highest occupancy in the industry, following a conscious strategy of pricing its rooms more attractively than its peers, well-calibrated expansion and reasonable valuation are among the key factors investors can consider while … Read more
