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One nation, one KYC could unlock the next phase of mutual fund growth, says SBI Funds
DP Singh, Joint CEO and RS Srinivas Jain, Executive President & Chief of Strategy at SBI Funds Management discuss how simpler onboarding could bring millions of new investors into mutual funds, the huge growth opportunity within SBI's customer base, rising SIP inflows, the shift towards higher-margin active equity funds, and the company's long-term growth outlook.
NITI Aayog holds stakeholder consultation on critical mineral demand, supply chain security amid rising clean energy needs
NITI Aayog convened experts to assess India's future critical mineral needs. Discussions focused on demand, supply chain vulnerabilities, and domestic capabilities. India's clean energy and advanced manufacturing expansion will drive mineral demand. The nation faces import dependency, requiring supply source diversification and domestic value chains. These efforts aim to secure long-term economic and national security objectives.
10 Nifty 500 stocks plunge over 50% from 52-week highs. Do you own any?
Nifty 500 stocks experienced sharp declines, far exceeding index movements. Several companies saw their values drop by over fifty percent from recent highs. Reliance Power and Cohance Lifesciences are among the biggest losers in this market correction.
Apollo Micro Systems shares rise over 1% as company nears Premier Explosives deal
Apollo Micro Systems shares gained after reports said the company is close to acquiring Premier Explosives in a deal valued at Rs 2,300-2,500 crore. The proposed acquisition would strengthen Apollo's presence across the defence manufacturing value chain amid rising government spending and growing investor interest in the sector.
Basic customs duty waiver on key electronic parts will deepen value chain, says IT Secretary
The government has waived basic customs duty on key electronics manufacturing components. This move aims to deepen the value chain and stimulate the domestic component industry. Display assemblies, lithium-ion cells, and inductor coil modules are among the items receiving duty waivers. These notifications were issued by the Ministry of Finance following industry requests. The IT Secretary stated this change will significantly boost the electronics sector.
Jackpot for SBI! Lender to pocket ₹7,364-cr from SBI Funds Management IPO
As of the date of the RHP, SBI held 1.26 billion equity shares of face value ₹1 each, representing a 61.86 per cent stake in SBI Funds Management
Buy dips or sell rallies? Analysts' strategy amid West Asia crisis, Q1 results
The recovery seen in the Indian stock markets on Thursday, analysts said, was more on account of value buying at lower levels, but advise investors stay cautious.
Stock Market Today Update: Sensex Rises Over 500 Points, Nifty Near 24,000; Check Top Gainers and Top Losers on NSE and BSE- What Investors Should Know - The Sunday Guardian
Stock Market Today Update: Sensex Rises Over 500 Points, Nifty Near 24,000; Check Top Gainers and Top Losers on NSE and BSE- What Investors Should KnowThe Sunday Guardian
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.
Proposals invited for coal gasification projects
The coal ministry has invited applications for a ₹37,500 crore scheme. This initiative promotes surface coal and lignite gasification projects across India. The government aims to convert domestic coal into higher-value fuels and chemicals. Eligible developers can receive financial support for commercial-scale projects. Applications are due by September 7, with a pre-application conference on July 20.
Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme
The incentive, launched in May this year, is aimed at promoting surface coal/lignite gasification for the production of syngas and downstream value-added products such as synthetic natural gas (SNG), urea, ammonium nitrate, methanol, DME and other chemicals, thereby enhancing the country's energy security, reducing import dependence, and facilitating utilisation of domestic coal and lignite resources.
Government starts industry consultations on next phase of food processing PLI
The government is planning an expanded Production-Linked Incentive Scheme for the food processing sector. Consultations were held with industry stakeholders to design the next phase of fiscal support. The upcoming policy aims to boost domestic manufacturing and global competitiveness. It will focus on innovation, value addition, and farmer benefits. Working groups will address perceptions and promote the sector's growth.