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India's EV components opportunity to hit Rs 3.55 lakh crore by 2032 amid localisation push
India's electric vehicle components market is projected to grow significantly. This market is expected to reach approximately Rs 3.55 lakh crore by 2032. Battery packs will dominate over half of this component market. However, battery packs and inverters remain import-dependent segments. Strategic investments will secure India's global EV value chain position.
Smallcap company announces 1:10 stock split 7 days after listing on market
Waterways Leisure Tourism approved a 1:10 stock split, subject to shareholder approval, days after its market debut. The move aims to improve stock liquidity, affordability and retail participation without altering market capitalisation or intrinsic value. Record date is pending.
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.
AMFI June data: Equity mutual fund inflows jump 26%, mid-cap, small-cap funds steal the show - livemint.com
AMFI June data: Equity mutual fund inflows jump 26%, mid-cap, small-cap funds steal the showlivemint.com
India equity mutual fund inflows rebound from one-year low - Reuters
India equity mutual fund inflows rebound from one-year lowReuters
Christopher Wood warns of AI fatigue. Why Jefferies is turning to India and China
Christopher Wood of Jefferies warns that the AI trade is showing signs of fatigue as investors seek cheaper value opportunities. With India and China positioned to benefit from a rotation away from crowded AI winners, Wood believes picks-and-shovels companies will continue to outperform amid massive AI capex and uncertain monetisation.
Union Minister for Textiles eviews Transformation of Powerloom Centres into Integrated Textile and Apparel Development Hubs
The Minister reviewed the transformation of the erstwhile Powerloom Service Centres into Integrated Textile and Apparel Development Centres (ITADCs), which are being repositioned as integrated growth hubs for the textile sector. The revamped ITADCs are envisioned as one-stop facilitation centres providing skill development, testing, design support, technology adoption, entrepreneurship development, credit facilitation, export promotion and market linkages to textile entrepreneurs, MSMEs and other stakeholders across the textile value chain.
Nifty PSU Bank soars 4%, Indian Bank up 10% post Q1 nos; analysts upbeat
PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.
Silver price outlook: Rate hike risks could limit upside, says Mirae Asset
Silver is expected to be highly volatile and choppy in the short run due to the evolving situation in West Asia. However, as West Asia conflict is likely to remain contained, traders may buy the dips.
Domestic mutual funds overtake FPIs as anchor investors in IPOs: Prime Database
Swarup Mohanty, Vice Chairman & CEO of Mirae Asset Mutual Fund and Pranav Haldea, MD of Prime Database Group explain why mutual funds are becoming more selective, what is driving IPO participation, and how a record pipeline of ₹5 lakh crore worth of IPOs could shape the market.
IT services stocks offer value despite AI concerns, says Mahindra Manulife Investment
Krishna Sanghavi, Chief Investment Officer - Equities at Mahindra Manulife Investment Management, favours private banks, manufacturing, capital goods and defence, citing policy support, corporate investment and India's shift towards bottom-up growth. Sanghavi added that upstream oil and gas companies with volume growth also remain attractive.
Blue Jet Healthcare shares rally 9% after Rs 800 crore QIP allotment
Blue Jet Healthcare shares rose sharply on Friday after the company completed its Rs 800 crore QIP, attracting marquee institutional investors, including multiple ICICI Prudential Mutual Fund schemes. The fund raise is expected to strengthen the company's balance sheet, support expansion plans, and boost long-term growth prospects while broadening its institutional shareholder base.