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Sohum Asset CIO backs HDFC Bank, calls recent concerns temporary, sees valuation opportunity
Sohum Asset Managers’ CIO Sanjay Parekh said investor caution stems from uncertainty despite regulatory reassurance and management clarity. He highlighted strong long-term fundamentals, stable growth outlook, and improving merger-related metrics. Parekh expects sentiment to normalise soon, with institutional investors likely to stay steady. He maintains a positive stance and continues to hold and add to the stock at current levels. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
HDFC Bank Exclusive: Atanu Chakraborty exit not linked to bank’s conduct, regulatory concerns, sources say
The real friction stemmed from Atanu Chakraborty's functioning in an "executive style", despite him holding a non-executive role and his exit is linked to personal differences with the senior management, the sources went on to add.
HDFC Bank Chairman Atanu Chakraborty resigns, citing differences with management
"Certain happenings and practices within the bank, that I have observed over the last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision,” Chakraborty stated in his resignation letter.
HDFC Bank shares in focus after part-time chairman quits, ADR falls over 7%
Outgoing HDFC Bank part-time Chairman Atanu Chakraborty also skipped thanking the bank's top management and executive directors, including MD & CEO Sashidar Jagdishan, Deputy MD Kaizad Bharucha, and executive director Bhavesh Zaveri.
Radhika Gupta-led Edelweiss AMC launches first hybrid passive index fund: Date, risk factors, other NFO details here
Edelweiss Asset Management Company has launched India's first hybrid passive index fund, which combines equities and government securities through a 70:30 allocation. The fund follows a passive strategy, meaning it simply tracks an index instead of actively picking stocks or bonds.
Subex wins multi-year deal from a leading North African Telecom operator
The Operator, who is part of the largest multi-country telecom group selected Subex for its flexible, governance-first EAM approach, which integrates seamlessly with Enterprise Resource Planning (ERP), Geographic Information System (GIS), and Network Management System / Element Management System (NMS/EMS) systems. Powered by Subex HyperSense, the solution enables centralized 360 asset visibility, Fixed Asset Registry (FAR) reconciliation and workflow automation.
Shareholder Lock-in: Urban Company, ICICI Prudential AMC among cos to become eligible for trading this week
More than 100 crore shares across nine recently listed companies are set to become eligible for trading this week as their respective shareholder lock-in periods expire. Among the companies where shares will become tradable are Urban Company, ICICI Prudential Asset Management Co, Aye Finance, and Fractal Analytics, though the expiry of the lock-in does not necessarily mean that all eligible shares will be sold in the open market.
Oaktree’s Poli Says Bigger Price Moves in Credit Are Coming
Oaktree Capital Management’s Danielle Poli says the moment for the distressed debt shop to scoop up the asset class in droves isn’t here yet as global credit markets remain relatively resilient.
Sebi issues guidelines for mutual funds on intraday borrowing from banks
Markets regulator Sebi on Friday issued guidelines for mutual funds to undertake intraday borrowing arrangements with financial institutions such as banks. Under the new framework, the board of an asset management company (AMC) as well as the board of trustees will be required to approve a policy governing the use of intraday borrowing facilities. Further, the AMC will also disclose the approved policy on its website, Sebi said in its circular. Sebi said intraday borrowings can be used only for specific purposes -- repurchase or redemption of units, payment of interest or Income Distribution-cum-Capital Withdrawal (IDCW) payouts to unitholders. The regulator also stipulated that the borrowing amount cannot exceed the "guaranteed receivables" expected on the same day. Receivables eligible for such intraday borrowings include maturity proceeds from TREPS (Triparty Repo in Government Securities), proceeds from reverse repo transactions, maturity proceeds from government securities s
Private banks may outperform PSUs after rally; ICICI Bank, Kotak among top picks: Digant Haria
Private sector banks could outperform PSU banks after a strong rally in public lenders, according to Digant Haria of GreenEdge Wealth Services. He said PSU banks benefited from improving asset quality and growth cycles, but valuations now favour private lenders. Haria prefers large private banks such as ICICI Bank, Kotak Mahindra Bank and Axis Bank. He also sees opportunities in microfinance firms and gold loan companies like Muthoot Finance and IIFL Finance. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Market volatility offering long term opportunities as valuations correct: Vikas Khemani
Vikas Khemani, Founder of Carnelian Asset Management and Advisors, says market volatility and geopolitical uncertainty are creating attractive long-term investment opportunities as valuations correct while economic fundamentals remain strong. He advises investors to stay focused on quality businesses rather than chasing stocks simply because they have fallen sharply. Khemani remains constructive on sectors such as banks, manufacturing and pharma, and believes India’s long-term growth story remains intact despite near-term uncertainty.
Why Tata MF believes gold and silver will stay supported despite volatility
Gold and silver may stay supported due to geopolitical tensions, rising inflation, and supply constraints, says Tata Asset Management. Central bank demand and industrial use bolster them.