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SBI Funds IPO DRHP: India's Largest AMC, Rs 11,693 Crore OFS, SBI And Amundi Selling — All You Need To Know
SBI Funds Management manages mutual funds, portfolio management services, alternative investment funds and offshore funds under the SBI Mutual Fund brand.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Nifty trades above 24,000 level; European mrkt advance
All the sectoral indices in the NSE were traded in green with realty, media and consumer durables shares led the rally.
TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying
India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is no longer considered expensive, but earnings visibility remains a concern.
Markets extend winning streak for 2nd session; IT stocks lead gains
The Nifty settled above the 24,150 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the green, with IT, realty and consumer durables shares experienced the most gains.
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex rises over 150 pts, Nifty above 23,900; M&M, Adani Ports up 2% each - The Economic Times
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex rises over 150 pts, Nifty above 23,900; M&M, Adani Ports up 2% eachThe Economic TimesClosing Bell: Sensex, Nifty end lower in volatile June expiry session; pharma, realty buck trendMoneycontrol.comSensex today | Stock Market Live: Sensex rises 500 pts, Nifty crosses 24,000; KPIT hits 52-week low, tanks 15%BusinessLine
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa
Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to strategic AI collaborations and expansion into international markets.
India shares higher at close of trade; Nifty 50 up 0.57% - Investing.com India
India shares higher at close of trade; Nifty 50 up 0.57%Investing.com IndiaClosing Bell: Nifty nears 24,000, Sensex climbs 544 pts; IT, FMCG and realty lead gainsMoneycontrol.comSensex Today Trades Higher | Nifty Above 23,900 | Bajaj Finance & TCS Top GainersEquitymaster
Sensex, Nifty surge over 1%; European mrkt advance
Barring pharma, all the sectoral indices on the NSE were traded in green, led by gains in realty, auto and metal shares.
Sebi mulls easing executive remuneration disclosure norms for AMCs
Markets regulator Sebi on Wednesday proposed easing executive remuneration disclosure requirements for asset management companies (AMCs) by replacing individual name-wise disclosures with consolidated disclosures, citing industry concerns over privacy and competitive disadvantages. "This would provide a holistic and structured view of senior management compensation, enabling unitholders to assess the overall quantum of remuneration at the senior management level, while aligning the level of disclosure with considerations of materiality and proportionality," Sebi said in its consultation paper. Currently, mutual fund AMCs are required to disclose on their websites the remuneration of chief executive officers (CEOs), chief investment officers (CIOs), chief operating officers (COOs), the top 10 highest-paid employees, and all employees earning at least Rs 1.02 crore annually or Rs 8.5 lakh per month if employed for part of the year. Sebinoted that while listed AMCs are already subject
Tata Mutual Fund Curbs Large Inflows Into Gold ETFs Amid Record Surge in Demand
Tata Mutual Fund offers investors two routes to gain exposure to gold ETFs.